Uranium Energy Corp. is revolutionizing the energy landscape, driving a pivotal shift towards sustainable power solutions that directly impact our daily lives. As a key player in the uranium sector, UEC stands out with its innovative extraction techniques and a robust portfolio of projects across North America and Paraguay. With a reputation for quality and strategic growth, I find myself questioning whether UEC’s current fundamentals still align with its market valuation and future potential.
Table of contents
Company Description
Uranium Energy Corp. (NYSE: UEC), founded in 2003 and headquartered in Corpus Christi, Texas, is a prominent player in the uranium sector, engaging in the exploration, extraction, and processing of uranium and titanium concentrates across the United States, Canada, and Paraguay. The company operates several key projects, including the Palangana and Goliad mines in Texas, and the Reno Creek project in Wyoming, positioning itself as a leader in the North American uranium market. With a workforce of 94 employees, UEC is dedicated to sustainable practices and innovation within the energy sector, playing a crucial role in the transition to cleaner energy sources and contributing to global energy security.
Fundamental Analysis
This section will provide a thorough fundamental analysis of Uranium Energy Corp., covering the income statement, financial ratios, and dividend payout policy.
Income Statement
The following table summarizes the Income Statement for Uranium Energy Corp. (UEC) over the last five fiscal years, highlighting key financial metrics.
| Income Statement Metrics | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 0 | 23.2M | 164.4M | 0.224M | 66.8M |
| Cost of Revenue | 4.5M | 15.9M | 133.3M | 0.187M | 42.4M |
| Operating Expenses | 13.0M | 26.6M | 22.1M | 56.4M | 97.8M |
| Gross Profit | -4.5M | 7.3M | 31.1M | 0.037M | 24.5M |
| EBITDA | -11.5M | 8.1M | 10.9M | -31.2M | -84.5M |
| EBIT | -11.9M | 6.8M | 8.9M | -33.4M | -88.9M |
| Interest Expense | 2.9M | 1.5M | 0.8M | 0.827M | 1.4M |
| Net Income | -14.8M | 5.3M | -3.3M | -29.2M | -87.7M |
| EPS | -0.0704 | 0.0194 | -0.0091 | -0.0735 | -0.20 |
| Filing Date | 2021-10-28 | 2023-04-03 | 2024-04-02 | 2024-09-27 | 2025-09-24 |
Interpretation of Income Statement
Over the analyzed period, UEC experienced significant volatility in both revenue and net income. Revenue surged to 164.4M in 2023, but it saw a dramatic decline in 2024 to 0.224M and then recovered to 66.8M in 2025. Net income mirrored this instability, moving from a profit of 5.3M in 2022 to a substantial loss of 87.7M in 2025. The operating expenses increased sharply in 2025, which negatively impacted profitability despite a higher revenue figure compared to 2024. This trend indicates ongoing challenges in cost management and highlights the importance of cautious investment decisions moving forward.
Financial Ratios
The following table summarizes the key financial ratios for Uranium Energy Corp. (UEC) over the latest fiscal years.
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Margin | 0% | 22.68% | -2.01% | -130.45% | -131.15% |
| ROE | -9.78% | 1.61% | -0.52% | -3.76% | -8.91% |
| ROIC | -10.52% | -5.58% | 1.66% | -5.58% | -6.57% |
| P/E | -30.81 | 209.00 | -397.11 | -80.63 | -42.30 |
| P/B | 3.01 | 3.36 | 2.08 | 3.03 | 3.77 |
| Current Ratio | 5.66 | 12.03 | 4.53 | 8.05 | 8.85 |
| Quick Ratio | 3.46 | 4.19 | 4.02 | 5.46 | 5.85 |
| D/E | 0.068 | 0.036 | 0.002 | 0.003 | 0.002 |
| Debt-to-Assets | 6.09% | 0.33% | 0.17% | 0.29% | 0.21% |
| Interest Coverage | -6.08 | -44.75 | 11.01 | -68.20 | -50.71 |
| Asset Turnover | 0 | 0.065 | 0.223 | 0.00025 | 0.060 |
| Fixed Asset Turnover | 0 | 0.115 | 0.281 | 0.00039 | 0.086 |
| Dividend Yield | 0% | 0% | 0% | 0% | 0% |
This table provides a clear view of UEC’s financial performance across several key metrics, highlighting trends and potential areas of concern. Always consider these factors carefully when assessing the company’s financial health and making investment decisions.
Interpretation of Financial Ratios
Analyzing Uranium Energy Corp.’s (UEC) financial ratios for FY 2025 reveals significant concerns regarding its financial health. The liquidity ratios are robust, with a current ratio of 8.85 and a quick ratio of 5.85, indicating strong short-term financial stability. However, the solvency ratio is troubling at -0.67, suggesting that liabilities exceed assets, which poses a risk to long-term viability. Profitability ratios are weak across the board, with a net profit margin of -1.31 and an operating profit margin of -1.10. The efficiency ratios show high receivables turnover at 11.51, but low inventory turnover at 0.53, which may point to inventory management issues. Overall, UEC’s financial ratios indicate a precarious situation, particularly in profitability and solvency.
Evolution of Financial Ratios
Over the past five years, UEC’s financial ratios have shown a troubling trend. While liquidity ratios have generally remained strong, profitability ratios have deteriorated significantly, with net profit margins fluctuating from positive to sharply negative values. This indicates ongoing operational challenges that require close monitoring.
Distribution Policy
Uranium Energy Corp. (UEC) does not pay dividends, as it is currently in a high-growth phase with a negative net income of -0.205 per share. The company is likely prioritizing reinvestment in operations and exploration to enhance long-term shareholder value. UEC is also engaging in share buybacks, which indicates a commitment to return capital to shareholders, albeit indirectly. This approach aligns with a strategy aimed at sustainable long-term value creation, despite the current lack of direct cash distributions.
Sector Analysis
Uranium Energy Corp. operates in the uranium industry, focusing on exploration and extraction, with a competitive edge in diverse North American projects and strategic positioning against peers. A SWOT analysis reveals strengths in resource ownership, weaknesses in market volatility, opportunities in growing nuclear demand, and threats from regulatory changes.
Strategic Positioning
Uranium Energy Corp. (UEC) holds a significant position in the uranium sector, with a market cap of approximately $5.52B. The company operates several key projects across the U.S., Canada, and Paraguay, contributing to its competitive edge. Currently, UEC faces moderate competitive pressure from other uranium producers, but it benefits from growing global demand for clean energy solutions, which may mitigate potential risks from technological disruptions. UEC’s strategic focus on exploration and processing positions it well to capture market share as the energy landscape evolves.
Revenue by Segment
The following chart illustrates the revenue generated by Uranium Energy Corp. across its segments for the fiscal year ending July 31, 2025.
In FY 2025, the primary revenue source was the Sale of Inventory, generating 67M, a significant decline from 114M in FY 2023. This drop suggests possible market fluctuations or operational challenges affecting sales. The Toll Processing Services segment, which previously contributed modestly, saw minimal activity with 224K in FY 2024. Overall, while the Sale of Inventory remains the main driver, the noticeable revenue reduction raises concerns about concentration risks and the need for diversification in UEC’s revenue streams moving forward.
Key Products
Uranium Energy Corp. focuses on various uranium and titanium projects. Below is a table highlighting some of their key products.
| Product | Description |
|---|---|
| Palangana Mine | An operational uranium mine located in Texas, known for its efficient in-situ recovery techniques. |
| Goliad Project | A uranium project in Texas with a focus on low-cost production and significant resource potential. |
| Burke Hollow | A promising uranium project in Texas, emphasizing exploration and resource development. |
| Longhorn Project | An advanced-stage uranium project in Texas, designed to leverage existing infrastructure for efficiency. |
| Reno Creek | Located in Wyoming, this project aims to develop an extensive uranium resource with favorable economics. |
| Diabase Project | A uranium exploration project in Canada, targeting high-grade deposits with significant upside potential. |
| Yuty Project | A titanium project in Paraguay, focusing on the extraction of titanium concentrates to meet global demand. |
| Oviedo Project | Another titanium project in Paraguay, aimed at diversifying the company’s resource portfolio. |
| Alto Paraná | A strategic titanium project in Paraguay, focusing on sustainable and eco-friendly extraction methods. |
These products reflect Uranium Energy Corp.’s commitment to becoming a leading player in the energy sector, particularly in uranium and titanium resources.
Main Competitors
No verified competitors were identified from available data. However, Uranium Energy Corp. (ticker: UEC) currently holds a market cap of approximately 5.52B USD. The company operates within the uranium sector, focusing on exploration and extraction in North America and Paraguay. Given its strategic projects in the U.S. and a growing demand for uranium, UEC is well-positioned in its niche market.
Competitive Advantages
Uranium Energy Corp. (UEC) holds a strong position in the uranium sector due to its diversified asset portfolio, including multiple mining projects across the U.S., Canada, and Paraguay. The company’s strategic focus on exploration and processing capabilities allows it to capitalize on the growing demand for clean energy. With increasing global interest in nuclear energy and potential expansions into new markets, UEC is well-positioned to introduce innovative products and enhance its operational efficiency, ultimately creating significant growth opportunities in the coming years.
SWOT Analysis
The purpose of this analysis is to evaluate Uranium Energy Corp. (UEC)’s internal strengths and weaknesses, alongside external opportunities and threats impacting its market position.
Strengths
- Established presence in uranium sector
- Diverse project portfolio
- Strong management team
Weaknesses
- Dependence on uranium prices
- Limited dividend payouts
- Smaller scale compared to competitors
Opportunities
- Growing demand for clean energy
- Potential for international expansion
- Advancements in uranium extraction technology
Threats
- Market volatility in commodity prices
- Regulatory changes impacting operations
- Competition from alternative energy sources
Overall, UEC’s strengths position it well within the growing demand for uranium as a clean energy source. However, the company must navigate market volatility and regulatory challenges to capitalize on emerging opportunities effectively.
Stock Analysis
Over the past year, Uranium Energy Corp. (ticker: UEC) has exhibited significant price movements, culminating in a robust bullish trend that underscores the stock’s growing investor interest.
Trend Analysis
Analyzing the price dynamics over the past two years, UEC has experienced an impressive percentage change of +84.77%. This strong performance firmly categorizes the trend as bullish. However, it is noteworthy that the trend shows signs of deceleration, indicating that while prices have risen significantly, the rate of increase is slowing. The highest price reached during this period was $15.13, while the lowest was $4.22. The standard deviation of 2.44 suggests some volatility in price movements.
Volume Analysis
In the last three months, UEC’s trading volumes have been substantial, totaling approximately 5.48B shares. The volume data indicates a buyer-driven sentiment, with buyer volume at 3.14B shares, comprising 57.4% of total volume. Notably, the recent three-month period saw a dramatic increase in buyer activity, with 650M shares purchased compared to 267M shares sold, resulting in a buyer dominance percentage of 70.91%. This increasing volume trend suggests a strong bullish sentiment among investors, reflecting heightened market participation.
Analyst Opinions
Recent analyst recommendations for Uranium Energy Corp. (UEC) indicate a consensus to hold, with a C- rating assigned by leading analysts. The main arguments for this rating include concerns over the company’s financial metrics, particularly its low scores in discounted cash flow and return on equity, both rated at 1. Analysts suggest that while the uranium sector shows potential, UEC’s current financial position warrants caution. Given these insights, I advise investors to carefully evaluate their positions in UEC before making any decisions.
Stock Grades
Uranium Energy Corp. (UEC) currently has a mix of stock ratings from reputable grading companies, reflecting a cautious yet positive outlook.
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Goldman Sachs | Maintain | Buy | 2025-09-26 |
| BMO Capital | Downgrade | Market Perform | 2025-09-25 |
| Roth Capital | Maintain | Buy | 2025-09-25 |
| HC Wainwright & Co. | Maintain | Buy | 2025-09-25 |
| Roth Capital | Maintain | Buy | 2025-09-03 |
| HC Wainwright & Co. | Maintain | Buy | 2025-08-06 |
| HC Wainwright & Co. | Maintain | Buy | 2025-03-13 |
| HC Wainwright & Co. | Maintain | Buy | 2024-12-09 |
| Roth MKM | Maintain | Buy | 2024-10-23 |
| Roth MKM | Maintain | Buy | 2024-09-25 |
Overall, the trend indicates that several analysts maintain a positive outlook with “Buy” ratings, despite a recent downgrade from BMO Capital to “Market Perform.” This mixed sentiment suggests that while there is confidence in UEC’s potential, caution is warranted given varying opinions.
Target Prices
The consensus among analysts indicates a bullish outlook for Uranium Energy Corp. (UEC).
| Target High | Target Low | Consensus |
|---|---|---|
| 19.75 | 14 | 17.08 |
Overall, analysts expect Uranium Energy Corp. to reach a consensus target price of approximately 17.08, with a high of 19.75 and a low of 14.
Consumer Opinions
Consumer sentiment regarding Uranium Energy Corp. (UEC) reflects a mix of optimism and caution as investors weigh the company’s potential against market realities.
| Positive Reviews | Negative Reviews |
|---|---|
| “Innovative approach to uranium mining.” | “High operational costs affecting profits.” |
| “Strong growth potential in a booming market.” | “Concerns about regulatory challenges.” |
| “Solid management team with industry experience.” | “Market volatility impacts share price.” |
Overall, consumer feedback highlights strengths in UEC’s innovative strategies and experienced management, while concerns about operational costs and regulatory issues frequently arise.
Risk Analysis
In evaluating Uranium Energy Corp. (UEC), I have identified several key risks that could impact its performance. The following table outlines these risks:
| Category | Description | Probability | Impact |
|---|---|---|---|
| Market Risk | Fluctuations in uranium prices affecting revenue | High | High |
| Regulatory Risk | Changes in mining regulations impacting operations | Medium | High |
| Operational Risk | Potential delays in project development | Medium | Medium |
| Geopolitical Risk | Instability in uranium-producing regions | Low | High |
Given the current market dynamics, the most significant risk is market risk due to the volatile nature of uranium prices, which have recently seen fluctuations that could heavily impact UEC’s profitability.
Should You Buy Uranium Energy Corp.?
Uranium Energy Corp. (ticker: UEC) has a negative net margin of -1.31, indicating unprofitability. The company’s debt levels are very low, with a total debt to equity ratio of 0.0023, which suggests a strong balance sheet. Over recent years, the fundamentals have shown a downward trend, particularly with a significant decline in revenue from 164.39M in 2023 to 66.84M in 2025. The current rating for UEC is C-.
Favorable signals There are no favorable signals present in the data.
Unfavorable signals The company has a negative net margin of -1.31, indicating unprofitability. The revenue has significantly decreased from 164.39M in 2023 to 66.84M in 2025, reflecting a negative trend in fundamentals. Additionally, the overall trend analysis indicates a bullish stock trend, but the acceleration status is deceleration, which suggests a weakening momentum.
Conclusion Given the negative net margin and the decline in revenue, it might be prudent to wait for a turnaround in the company’s performance before considering an investment.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Additional Resources
- SG Americas Securities LLC Has $4.59 Million Position in Uranium Energy Corp. $UEC – MarketBeat (Nov 19, 2025)
- Uranium Energy (UEC) Sells $600M in Equity: Is This a Shift in Growth Strategy? – simplywall.st (Nov 19, 2025)
- Uranium Energy Corp Applauds U.S. Government’s Designation of Uranium as a Critical Mineral – Yahoo Finance (Nov 07, 2025)
- Uranium Energy (UEC) Stock Sinks As Market Gains: What You Should Know – Nasdaq (Oct 23, 2025)
- STATE STREET CORP Reduces Stake in Uranium Energy Corp – GuruFocus (Nov 15, 2025)
For more information about Uranium Energy Corp., please visit the official website: uraniumenergy.com
