Investment Thesis
UR-Energy exhibits severe financial distress with $20.3M operating losses on just $3.9M revenue and negative free cash flow of $28.8M. Revenue declined 19.3% YoY with deteriorating margins, indicating fundamental business model failure despite a substantial cash buffer that masks near-term solvency.
Strengths
- Strong cash position of $122.8M provides operational runway and eliminates near-term bankruptcy risk
- Minimal leverage with debt-to-equity of 0.09x and only $7.1M long-term debt reduces financial distress risk
- Excellent liquidity ratios (current ratio 4.44x, quick ratio 3.63x) ensure ability to meet obligations
Risks
- Severe operating losses with negative cash flow indicate fundamental business model failure and value destruction
- Revenue declining 19.3% YoY with $28.8M cash burn means runway exhaustion within 4-5 years at current pace
- Uranium commodity exposure creates uncontrollable margin compression without pricing power or operational leverage
Key Metrics to Watch
- Quarterly revenue trend and path to positive operating income
- Monthly cash burn rate and remaining cash runway calculation
- Operating cash flow recovery timing and return to positive territory
Financial Metrics
Revenue
3.9M
Net Income
-28.8M
EPS (Diluted)
$-0.07
Free Cash Flow
-28.8M
Total Assets
291.6M
Cash
122.8M
Profitability Ratios
Gross Margin
31.6%
Operating Margin
-517.2%
Net Margin
-732.0%
ROE
-34.7%
ROA
-9.9%
FCF Margin
-732.3%
Balance Sheet & Liquidity
Current Ratio
4.44x
Quick Ratio
3.63x
Debt/Equity
0.09x
Debt/Assets
16.2%
Interest Coverage
-22.59x
Long-term Debt
7.1M
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-05-16T10:37:32.956368 |
Data as of: 2026-03-31 |
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