)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Cameco (CCJ) investor relations material
Cameco Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Announced a transformative partnership with Brookfield and the US Government to accelerate global deployment of Westinghouse AP1000 reactors, backed by at least $80 billion in planned investments and significant US Government participation rights, positioning for long-term growth.
Year-to-date results show strong performance across uranium, fuel services, and Westinghouse segments, supported by disciplined contracting and strategic partnerships.
The US Government's involvement is focused on Westinghouse, not the core uranium business, but strengthens the company's strategic position in the nuclear sector.
Annual dividend increased to $0.24 per share, to be paid December 16, 2025, accelerating dividend growth plans.
Received a $171.5 million US distribution from Westinghouse related to international reactor projects.
Financial highlights
Q3 2025 adjusted net earnings were $32 million, adjusted EBITDA $310 million; nine-month adjusted net earnings $410 million, adjusted EBITDA $1.3 billion, both significantly higher year-over-year.
Achieved strong financial results for the first nine months, with a solid finish expected due to higher Q4 deliveries in uranium and fuel services and a strong quarter for Westinghouse.
Cash and cash equivalents at $779 million, total debt $1.0 billion, and $1.0 billion undrawn credit facility as of September 30, 2025.
Q3 uranium segment: earnings before taxes $172 million, adjusted EBITDA $220 million; nine-month earnings before taxes $681 million, adjusted EBITDA $861 million.
Q3 fuel services: earnings before taxes $17 million, adjusted EBITDA $24 million; nine-month earnings before taxes $129 million, adjusted EBITDA $156 million.
Outlook and guidance
2025 uranium production guidance for McArthur River/Key Lake reduced to 14–15 million lbs (100% basis); Cigar Lake may offset up to 1 million lbs of shortfall.
2025 consolidated uranium production outlook up to 20 million lbs; JV Inkai targets 8.3 million lbs (100% basis), with 3.7 million lbs allocated.
Fuel services annual production expected between 13–14 million kgU.
Revenue guidance: $3.3–3.55 billion; average realized uranium price: $87/lb; adjusted EBITDA: $525–580 million.
Sales/delivery volume guidance narrowed to 32–34 million lbs for uranium segment.
Quantify Westinghouse partnership's revenue impact
Impact of high-cost purchases on uranium margins
Sustainability of dividend increase post-Westinghouse distribution
How does Westinghouse deal structure incentivize USG?
What prevents uranium price discovery today?
What conditions needed for fuel cycle capacity investment?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Cameco earnings date
Q4 202513 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Cameco Corporation produces and sells uranium. The Company has long-term contracts to sell uranium concentrate in Kazakhstan, the United States and internationally. Its segments include McArthur River/Key Lake, which is located in the province of Saskatchewan in north central Canada; Rabbit Lake, which is located in east-central Saskatchewan; Inkai, which is located in eastern Kazakhstan; and Zaporozhye, which is located on the east coast of Ukraine. The McArthur River/Key Lake segment consists of the operations at Key Lake mine and mill, which is approximately 70 kilometers northeast of Saskatoon, Saskatchewan and includes a uranium ore processing facility. Cameco Corporation is based in Saskatoon, Canada.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage