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Centrus Energy (LEU) investor relations material
Centrus Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved $74.9 million in Q3 2025 revenue and $3.9 million net income, with year-to-date net income of $60 million, up 208% year-over-year.
Revenue for the nine months ended September 30, 2025 was $302.5 million, up 4% year-over-year, and gross profit rose 66% to $82.5 million.
Cash and cash equivalents increased to $1.6 billion, supported by $805 million convertible note and equity offerings.
Secured DOE waivers for LEU imports for 2026 and 2027, reducing business risk, and signed agreements for potential enrichment plant investment.
Announced large-scale hiring and leadership changes ahead of planned plant expansion.
Financial highlights
Q3 2025 revenue increased 30% year-over-year to $74.9 million, with net income of $3.9 million, reversing a prior year loss.
Year-to-date net income reached $60 million, up from $19.5 million in the prior year period.
Gross loss of $4.3 million in Q3, compared to a gross profit of $8.9 million in Q3 2024.
Operating income for the nine months was $37.4 million, up from $2.9 million in the prior year.
Investment income surged to $28.2 million, reflecting higher cash balances.
Outlook and guidance
Backlog reached $3.9 billion, extending to 2040, with $3.0 billion in the LEU segment and $0.9 billion in Technical Solutions.
Strong market signals and growing demand for U.S.-owned enrichment capacity, driven by utility expansions, data center investments, and SMR deployments.
Ongoing readiness initiatives and supply chain programs to support rapid industrial expansion.
Major expansion of uranium enrichment capacity in Piketon, Ohio planned, contingent on federal funding and market demand.
Ongoing investments in manufacturing capacity in Oak Ridge, Tennessee, with $60 million committed over 18 months.
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