Energy Fuels Past Earnings Performance
Past criteria checks 0/6
Energy Fuels's earnings have been declining at an average annual rate of -34.6%, while the Oil and Gas industry saw earnings growing at 5.7% annually. Revenues have been growing at an average rate of 47.2% per year.
Key information
-34.59%
Earnings growth rate
-26.34%
EPS growth rate
| Oil and Gas Industry Growth | 42.11% |
| Revenue growth rate | 47.20% |
| Return on equity | -10.36% |
| Net Margin | -77.30% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 08
EFR: Future Rare Earth Supply Chain Expansion Will Drive Bullish Reassessment
Analysts have revised their fair value estimate for Energy Fuels to CA$33.50 from CA$26.00, citing updated assumptions around future revenue growth, profit margins, discount rate, and a lower projected future P/E multiple. What’s in the News for Energy Fuels Energy Fuels agreed to acquire German magnetics company Vacuumschmelze GmbH & Co. KG in a cash and stock deal valued at about US$1.9b, aiming to build an integrated mine-to-magnet rare earth supply chain across North America, Europe, and Asia, according to recent news reports.
Narrative Update • Jun 24
EFR: Vertically Integrated Rare Earths And Uranium Platform Will Drive Future Upside
The latest analyst price target for Energy Fuels has edged down by CA$0.50 to CA$41.13, reflecting updated views on its projected revenue growth, profit margins, and future price-to-earnings assumptions. What's in the News for Energy Fuels Energy Fuels agreed to acquire German advanced magnetics manufacturer Vacuumschmelze GmbH & Co. KG and its subsidiaries in a cash and stock deal valued at US$1.9b.Analysis Article • Jun 19
Energy Fuels (TSX:EFR) Stock Could Be 44% Undervalued After $725 Million US Loan Backing
Energy Fuels (TSX:EFR) is back in focus after securing a conditional commitment for a $725 million, 20 year loan from the U.S. Office of Strategic Capital to expand its rare earths and critical minerals processing footprint. See our latest analysis for Energy Fuels. The conditional U.S. government loan news has landed on top of already strong momentum for Energy Fuels, with a 7 day share price return of 11.26% and a 1 year total shareholder return of 214.78% suggesting sentiment has shifted...Narrative Update • Jun 08
EFR: Rare Earth Pilot Breakthroughs Will Drive Future Upside Potential
Analysts have kept their CA$41.63 price target for Energy Fuels unchanged, reflecting consistent assumptions around fair value, discount rate, revenue growth, profit margin, and a slightly lower future P/E multiple. What’s in the News Energy Fuels reported strong first quarter revenue growth primarily from uranium sales, while continuing to report near term losses due to higher operating costs, according to Zacks coverage.Narrative Update • May 18
EFR: White Mesa Rare Earth Expansion And Uranium Output Will Drive Upside
Analysts have kept their CA$41.63 price target for Energy Fuels unchanged, citing updated assumptions that now reflect a slightly higher discount rate, higher revenue and profit margin estimates, and a lower future P/E multiple. What's in the News Reaffirmed operating guidance for 2026, with mined U3O8 expected in the range of 2,000,000 to 2,500,000 pounds and processed U3O8 in the range of 1,500,000 to 2,500,000 pounds (company guidance).Analysis Article • May 15
Analysts Just Shaved Their Energy Fuels Inc. (TSE:EFR) Forecasts Dramatically
The latest analyst coverage could presage a bad day for Energy Fuels Inc. ( TSE:EFR ), with the analysts making...Narrative Update • Apr 30
EFR: Rare Earth Expansion Plans At White Mesa Will Drive Future Upside
Analysts have maintained their CA$41.63 price target for Energy Fuels, reflecting updated assumptions that include slightly higher revenue, stronger profit margins, and a lower future P/E. What's in the News Plans to expand heavy rare earth element production at the existing White Mesa Mill circuits, targeting commercial scale recovery of Dy, Tb, Sm, Eu and Gd, with flexibility to process other heavy rare earths such as Y and Lu if market conditions support it (Key Developments).Narrative Update • Apr 16
EFR: Uranium And Rare Earth Production Expansion Will Drive Future Upside
Analysts have raised their fair value estimate for Energy Fuels to CA$41.63 from CA$41.50, citing updated assumptions around long term profit margins and a slightly higher future P/E multiple. What's in the News Produced the first 1 kg of 99.9% pure terbium oxide at the White Mesa Mill using U.S. sourced monazite ore, following earlier pilot scale production of nearly 30 kg of 99.9% pure dysprosium oxide for rare earth permanent magnet applications (Key Developments).Narrative Update • Apr 02
EFR: Uranium And Heavy Rare Earth Expansion Will Drive Future Upside
Analysts kept their CA$41.50 price target for Energy Fuels unchanged, with updated modelling fine tuning long run revenue growth, profit margin assumptions and a slightly lower future P/E estimate that still supports the same fair value view. What's in the News Produced the first 1 kg of 99.9% pure terbium oxide at the White Mesa Mill in Utah using U.S. sourced monazite ore, following prior production of nearly 30 kg of 99.9% pure dysprosium oxide.Narrative Update • Mar 18
EFR: Uranium Production Ramp And Rare Earth Oxides Will Drive Upside
Analysts have kept their CA$41.50 price target on Energy Fuels steady, citing unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as support for this view. What's in the News Leadership transition planned, with President Ross Bhappu expected to become President and CEO on April 15, 2026, as current CEO Mark Chalmers retires and moves into a two year consulting role to support growth initiatives (Executive Changes).Narrative Update • Mar 04
EFR: Uranium Output And Rare Earth Refining Will Drive Future Upside
Analysts have slightly adjusted their price target on Energy Fuels to CA$41.50 from CA$41.75, reflecting updated views on revenue growth potential, profit margin expectations, and a higher assumed future P/E multiple. What's in the News Energy Fuels plans a leadership transition, with President Ross Bhappu expected to become President and CEO on April 15, 2026.Narrative Update • Feb 18
EFR: Uranium And Rare Earth Production Will Drive Future Upside
Analysts have nudged their price target on Energy Fuels up by CA$1 to CA$41.75, citing updated expectations for revenue growth, margins and future P/E assumptions. What's in the News Energy Fuels has renamed its Toliara Project in Madagascar to Vara Mada, highlighting its role as a source of titanium, zircon and rare earth minerals, and is planning a revised mine plan and new drilling program targeting an additional 1,200 to 1,600 million tonnes of mineralized material (Key Developments).Narrative Update • Feb 03
EFR: Rare Earth Export Controls Will Support Future Heavy Element Upside
Analysts have lifted their price target on Energy Fuels from US$37.50 to US$40.75, citing updated assumptions around revenue growth, profit margins, fair value, and a revised future P/E multiple. What's in the News China's Ministry of Commerce is designing a new rare earth export license system that aims to speed up shipments while keeping earlier export controls in place.Narrative Update • Jan 20
EFR: Western Rare Earth Export Curbs Will Support Future Heavy Element Upside
Analysts have raised their price target on Energy Fuels from US$33.63 to US$37.50, citing updated assumptions regarding revenue growth, profit margins and a higher forward P/E multiple in their models. What's in the News The West is working to build its own rare earth magnet supply chain, but scarcity of heavy elements like dysprosium and terbium remains a weak point, with Energy Fuels included among companies linked to rare earth development (Reuters).Narrative Update • Jan 06
EFR: Western Rare Earth Export Curbs Will Support Future Heavy Element Upside
Analysts have maintained their price target for Energy Fuels at US$33.63, citing largely unchanged assumptions around revenue growth, profit margins, and future P/E as the basis for keeping their view. What's in the News China has introduced and refined rare earth export controls, including new licensing systems and restrictions that affect materials such as dysprosium and terbium, which are used in magnets for EVs, defense systems, and electronics, and are areas of focus for Energy Fuels in the U.S. (Reuters, WSJ, Bloomberg, FT) Western governments and companies, including the U.S., Australia, Japan, and several Southeast Asian partners, have signed trade and critical minerals agreements aimed at diversifying supply chains away from China, with explicit references to rare earths and critical minerals where Energy Fuels operates.Narrative Update • Dec 21
EFR: Western Rare Earth Trade Realignment Will Drive Future Upside
Analysts have modestly increased their price target on Energy Fuels, citing slightly stronger long term revenue growth expectations and a marginally higher future earnings multiple, while maintaining their fair value estimate near $33.63 per share. What's in the News The G7 and EU are considering price floors for rare earths and potential taxes on some Chinese exports to incentivize new non Chinese production, moves that could support pricing and investment for Western producers such as Energy Fuels (Reuters).Narrative Update • Dec 07
EFR: Western Rare Earth Supply Chain Realignment Will Drive Future Upside
Analysts have modestly raised their price target on Energy Fuels to 87.29 dollars from 85.65 dollars, citing slightly improved expectations for long term earnings multiples despite unchanged fair value, discount rate, revenue growth, and profit margin assumptions. What's in the News Global efforts to build non Chinese supply chains for high strength rare earth magnets are constrained by shortages of heavy elements like dysprosium and terbium, spotlighting producers such as Energy Fuels that can help diversify supply (Reuters) China is advancing new export control frameworks for rare earths, including a validated end user system and tighter license reviews, which could limit flows to U.S. military linked companies and add friction to Western supply chains that rely on firms like Energy Fuels (Wall Street Journal, Reuters) China has introduced new and expanded restrictions on rare earth materials and magnet exports, requiring licenses and approvals for products with even small China sourced rare earth content, raising strategic urgency for alternative Western producers, including Energy Fuels (Wall Street Journal, Bloomberg) India plans to almost triple incentives for domestic rare earth magnet manufacturing to about 788 million dollars, reinforcing global competition for rare earth feedstock that companies such as Energy Fuels aim to supply (Bloomberg) G7 members and the EU are weighing price floors and possible taxes on some Chinese rare earth exports to spur new non Chinese production, a policy backdrop that could affect Western focused miners and processors like Energy Fuils (Reuters) Valuation Changes Fair Value remains unchanged at CA$33.63 per share, indicating no revision to the core intrinsic value estimate.Narrative Update • Nov 23
EFR: Supply Chain Realignment And Global Rare Earth Tensions Will Drive Stronger Margins
Analysts have maintained their price target for Energy Fuels at $33.63. Recent minor adjustments in underlying revenue growth and profit margin forecasts support a steady outlook.Analysis Article • Nov 14
The Price Is Right For Energy Fuels Inc. (TSE:EFR) Even After Diving 41%
The Energy Fuels Inc. ( TSE:EFR ) share price has softened a substantial 41% over the previous 30 days, handing back...Narrative Update • Nov 08
EFR: Profit Margin Expansion Will Drive Positive Performance Amid Global Supply Chain Shifts
Analysts have raised their price target for Energy Fuels from $27.10 to $33.63. They cite improved profit margin projections and a slightly higher discount rate, despite a modest reduction in revenue growth estimates.Narrative Update • Oct 25
Future Global Supply Chain Shifts Will Unlock Value In Rare Earth Production
Analysts have raised their price target for Energy Fuels from $22.35 to $27.10, citing updated fair value estimates. These estimates are supported by robust company performance expectations.Narrative Update • Oct 11
Pinyon Plain Uranium And Rare Earth Production Will Unlock Value
Analysts have raised their price target for Energy Fuels from $20.85 to $22.35. They cite sustained bullish option activity and heightened implied volatility as key drivers of renewed confidence in the stock's outlook.Narrative Update • Sep 27
Pinyon Plain Uranium And Rare Earth Production Will Unlock Value
Energy Fuels’ fair value estimate has been raised from CA$17.98 to CA$20.85, as analysts cite increased bullish options activity and expectations of near-term catalysts, tempered by concerns over rare earth diversification and potential equity dilution. Analyst Commentary Bullish analysts point to significantly increased call option volume and elevated implied volatility, indicating heightened investor optimism ahead of earnings.Narrative Update • Sep 11
Pinyon Plain Uranium And Rare Earth Production Will Unlock Value
Analysts have modestly raised Energy Fuels' price target to CA$17.98, citing strong bullish sentiment driven by elevated call option activity and investor interest ahead of earnings, tempered by concerns over rare earth diversification and potential equity dilution. Analyst Commentary Bullish analysts highlight unusually high call option volume and increased implied volatility, pointing to heightened investor interest ahead of earnings.Analysis Article • Sep 03
After Leaping 28% Energy Fuels Inc. (TSE:EFR) Shares Are Not Flying Under The Radar
Energy Fuels Inc. ( TSE:EFR ) shares have continued their recent momentum with a 28% gain in the last month alone. The...Narrative Update • Aug 27
Pinyon Plain Uranium And Rare Earth Production Will Unlock Value
Analysts have raised Energy Fuels’ price target to CA$17.12, citing strong near-term market sentiment and heightened volatility ahead of earnings, but concerns remain over relative underperformance to uranium peers and potential equity dilution from rare earth diversification. Analyst Commentary Bullish analysts point to unusually high call option volume and a low put/call ratio, reflecting strong near-term market sentiment ahead of earnings.Analysis Article • Jul 20
After Leaping 72% Energy Fuels Inc. (TSE:EFR) Shares Are Not Flying Under The Radar
Despite an already strong run, Energy Fuels Inc. ( TSE:EFR ) shares have been powering on, with a gain of 72% in the...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Energy Fuels makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 106 | -82 | 110 | 0 |
| 31 Mar 26 | 85 | -70 | 107 | 0 |
| 31 Dec 25 | 66 | -86 | 104 | 0 |
| 30 Sep 25 | 79 | -98 | 95 | 0 |
| 30 Jun 25 | 65 | -93 | 83 | 0 |
| 31 Mar 25 | 70 | -78 | 62 | 0 |
| 31 Dec 24 | 78 | -48 | 51 | 0 |
| 30 Sep 24 | 39 | -35 | 43 | 0 |
| 30 Jun 24 | 46 | -12 | 44 | 0 |
| 31 Mar 24 | 44 | -11 | 48 | 0 |
| 31 Dec 23 | 38 | 100 | 43 | 0 |
| 30 Sep 23 | 38 | 102 | 39 | 0 |
| 30 Jun 23 | 30 | 82 | 29 | 0 |
| 31 Mar 23 | 29 | 69 | 26 | 0 |
| 31 Dec 22 | 13 | -60 | 35 | 0 |
| 30 Sep 22 | 14 | -11 | 22 | 0 |
| 30 Jun 22 | 12 | -10 | 18 | 0 |
| 31 Mar 22 | 6 | -2 | 17 | 0 |
| 31 Dec 21 | 3 | 2 | 15 | 0 |
| 30 Sep 21 | 2 | -35 | 14 | 0 |
| 30 Jun 21 | 2 | -36 | 14 | 0 |
| 31 Mar 21 | 2 | -33 | 14 | 0 |
| 31 Dec 20 | 2 | -28 | 14 | 0 |
| 30 Sep 20 | 2 | -32 | 15 | 0 |
| 30 Jun 20 | 2 | -30 | 14 | 0 |
| 31 Mar 20 | 5 | -32 | 15 | 0 |
| 31 Dec 19 | 6 | -38 | 14 | 0 |
| 30 Sep 19 | 8 | -36 | 15 | 0 |
| 30 Jun 19 | 8 | -43 | 15 | 0 |
| 31 Mar 19 | 32 | -27 | 13 | 0 |
| 31 Dec 18 | 32 | -25 | 14 | 0 |
| 30 Sep 18 | 33 | -26 | 15 | 0 |
| 30 Jun 18 | 38 | -16 | 15 | 0 |
| 31 Mar 18 | 29 | -28 | 16 | 0 |
| 31 Dec 17 | 31 | -28 | 15 | 0 |
| 30 Sep 17 | 48 | -32 | 15 | 0 |
| 30 Jun 17 | 51 | -35 | 16 | 0 |
| 31 Mar 17 | 40 | -41 | 17 | 0 |
| 31 Dec 16 | 55 | -39 | 16 | 0 |
| 30 Sep 16 | 45 | -99 | 15 | 0 |
| 30 Jun 16 | 55 | -96 | 15 | 0 |
| 31 Mar 16 | 72 | -90 | 14 | 0 |
| 31 Dec 15 | 61 | -82 | 13 | 0 |
| 30 Sep 15 | 51 | -64 | 6 | 0 |
Quality Earnings: EFR is currently unprofitable.
Growing Profit Margin: EFR is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EFR is unprofitable, and losses have increased over the past 5 years at a rate of 34.6% per year.
Accelerating Growth: Unable to compare EFR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EFR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.1%).
Return on Equity
High ROE: EFR has a negative Return on Equity (-10.36%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/21 21:55 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Energy Fuels Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Max Yerrill | BMO Capital Markets Equity Research |
| Matthew Key | B. Riley Securities, Inc. |
| Nicholas Giles | B. Riley Securities, Inc. |