Centrus Energy

LEU Q4 2025 Earnings

Reported Feb 10, 2026 at 4:52 PM ET · SEC Source

Q4 25 EPS

$0.79

MISS 51.41%

Est. $1.63

Q4 25 Revenue

$146.2M

MISS 0.60%

Est. $147.1M

vs S&P Since Q4 25

-35.7%

TRAILING MARKET

LEU -29.6% vs S&P +6.1%

Full Year 2025 Results

FY 25 EPS

$3.90

MISS 17.56%

Est. $4.73

FY 25 Revenue

$448.7M

BEAT +0.61%

Est. $446.0M

Market Reaction

Did LEU Beat Earnings? Q4 2025 Results

Centrus Energy delivered a mixed fourth quarter, with revenue nudging past expectations but earnings falling well short in a result that sent shares lower. The nuclear fuel supplier posted Q4 2025 revenue of $146.20 million, edging above the $143.47 … Read more Centrus Energy delivered a mixed fourth quarter, with revenue nudging past expectations but earnings falling well short in a result that sent shares lower. The nuclear fuel supplier posted Q4 2025 revenue of $146.20 million, edging above the $143.47 million consensus by 1.90%, yet revenue still slipped 3.6% from the year-ago period. The bigger disappointment came on the bottom line, where diluted EPS of $0.79 missed the $1.36 consensus by 41.91%, a shortfall driven largely by a dramatic expansion in the company's diluted share count, which swelled to 22.5 million from 16.8 million a year ago following convertible note issuances, compressing per-share results even as net income held at $17.80 million. Analysts have flagged shareholder dilution as a key uncertainty when assessing the quality of reported profits. Looking ahead, management guided 2026 revenue of $425 million to $475 million and capital deployment of $350 million to $500 million, backed by a $3.80 billion backlog and a $900 million DOE HALEU production task order, signaling confidence in its long-term enrichment buildout despite the near-term quarterly turbulence.

Key Takeaways

  • 23% increase in volume of SWU sold drove LEU segment revenue
  • 13% decrease in average unit cost of SWU sold improved margins
  • HALEU Operation Contract revenue increased $10.5 million year-over-year
  • SWU revenue increased 21% partially offset by 54% decrease in uranium revenue
24/7 Wall St

LEU YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

LEU Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“2025 was a milestone year for Centrus marked by continuous improvements to both our existing LEU segment as well as our planned future enrichment business, punctuated by our fourth quarter announcement officially launching our centrifuge build out and the government's selection of Centrus for a $900 million HALEU enrichment award.”

— Amir Vexler, Q4 2025 Earnings Press Release