Centrus Energy Posts $146M Q4 Revenue, EPS $0.79 with 128% SWU Surge
Centrus Energy posted Q4 2025 revenues of $146 million, down 4% year-over-year, powered by a 128% surge in SWU revenues to $111 million but dragged by an 82% plunge in uranium revenues to $13.4 million and missed estimates with adjusted EPS of $0.79. The only NRC-licensed HALEU producer, Centrus has built a significant contract backlog through new public- and private-sector agreements as it expands enrichment services.
1. Q4 2025 Performance
Centrus Energy reported Q4 2025 revenues of $146 million, a 4% decline from the prior year, and posted adjusted earnings per share of $0.79, missing the consensus estimate of $1.42.
2. Revenue Segment Breakdown
Separative Work Units segment revenues jumped 128% year-over-year to $111 million, while uranium sales plunged 82% to $13.4 million and Technical Solutions revenues decreased 27% to $21.8 million, driven by one-time sales in the prior year and market price shifts.
3. HALEU Licensing and Backlog
As the only NRC-licensed producer of high-assay low-enriched uranium, Centrus has amassed a considerable backlog via new public- and private-sector enrichment contracts, positioning the company for growth in advanced reactor fuel supply.