Why Uranium Energy Stock Dropped Today

By Rich Smith – Dec 10, 2025 at 12:42PMKey PointsUranium Energy missed on earnings this morning.The uranium miner reported no revenue in the quarter.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSEMKT: UECUranium EnergyMarket Cap$6.7BToday's Changeangle-down(-8.42%) $1.18Current Price$12.79Price as of December 10, 2025 at 1:30 PM ETShould you buy a uranium mining stock with no revenue at all?Uranium Energy (UEC 8.42%) stock tumbled 7.2% through 12:20 p.m. ET Wednesday after missing badly on earnings this morning. Analysts already weren't overly optimistic, forecasting the start-up uranium miner would lose $0.01 per share -- but the news was twice as bad as feared. According to a 10-Q filing with the SEC, Uranium Energy lost $0.02 per share in Q1 2026 -- and would have lost even more if it hadn't grown its share count by 13.5% (spreading losses around among more shares outstanding). Image source: Getty Images. Uranium Energy's Q1 losses Uranium Energy went from $17.1 million in revenue in last year's Q1 to... $0 in revenue so far this year. While revenue dried up, though, costs continued. Operating expenses totaled $29.8 million, up more than $10 million year over year. In the absence of good numbers to report, Uranium Energy focused on telling its story. Uranium Energy, says the company, is busy "building America's only vertically integrated uranium fuel supply chain, from mining to conversion, [and] supporting U.S. enrichment" of uranium. It's expanding existing mining sites and opening new ones, and produced 68,612 pounds of precipitated uranium and uranium concentrate in the quarter, at a total cost of $34.35 per pound. With uranium selling for about $76.50 per pound on the spot market today, that should make for a profitable business.

Yet Uranium Energy lost money instead. Advertisement ExpandNYSEMKT: UECUranium EnergyToday's Change(-8.42%) $-1.18Current Price$12.79Key Data PointsMarket Cap$7BDay's Range$12.58 - $13.8852wk Range$3.85 - $17.80Volume6.7MAvg Vol15MGross Margin-1160.14%Dividend YieldN/A What's Uranium Energy up to? Uranium Energy did note that it has substantial inventory of uranium for sale, however -- 1.4 million pounds of uranium concentrate as of Oct. 31, worth $111.9 million, not counting 199,000 pounds of precipitated uranium and 300,000 pounds bought elsewhere at attractive prices. Presumably, it plans to sell this uranium at some point and recoup the cost of mining and purchasing it.About the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolRead NextOct 10, 2025 •By Eric VolkmanWhy Uranium Energy Stock Zoomed 8% Higher on FridayOct 5, 2025 •By Courtney CarlsenHere's Why Uranium Energy Stock Jumped 24.8% in SeptemberSep 25, 2025 •By Rich SmithWhy Uranium Energy Stock Just DroppedAug 19, 2025 •By Rich SmithWhy Did Uranium Energy Stock Crash Today?Jun 3, 2025 •By Johnny RiceWhy Uranium Energy Stock Is Spiking TodayApr 16, 2025 •By Lee SamahaWhy Shares in Uranium Energy Surged Again Today