Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
URANIUM ENERGY CORP (UEC)
A forensic read on URANIUM ENERGY CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
7.9
Altman Z-score
Watch
Earnings quality
3
Forensic signals
-8.1%
ROE
$5.3B
Market cap
URANIUM ENERGY CORP earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 7.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-6%Return on invested capital.Return on invested capital is -6% and steady — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+17.6%/yrShare-count dilution.Diluted share count changed +53% over the last 3 years to FY2025 (+17.6%/yr). The count is GROWING — existing holders are being diluted. That's ~17.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~53%.
+18.9%Accruals ratio.Net operating assets grew +18.9% relative to their average in FY2025 — the accrual component of earnings. Accruals are building faster than is comfortable — part of profit sits in receivables, inventory or capitalized costs rather than cash. The cash-flow cross-check agrees: reported earnings ran in line with operating cash by -3% of net operating assets.
Key fundamentals
Net Margin-131.1%
Debt / Equity0.00x
Free Cash Flow$-69.9M
Latest Revenue$66.8M
Return on Equity-8.9%
Revenue Growth YoY+29737.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on URANIUM ENERGY CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about UEC's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown