CENTRUS ENERGY CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
LEU$104.60+17.5%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets at September 30, 2026 and December 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited; in millions, except share and per share data)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,236.1 | $1,957.2 |
| Accounts receivable | 26.8 | 30.7 |
| Inventories | 177.7 | 322.9 |
| Deferred costs associated with deferred revenue | 33.2 | 40.9 |
| Other current assets | 11.7 | 11.9 |
| Total current assets | 2,485.5 | 2,363.6 |
| Property, plant and equipment, net of accumulated depreciation of $7.9 million and $6.7 million as of September 30, 2026 and December 31, 2025, respectively | 312.9 | 29.5 |
| Deposits for financial assurance | 33.1 | 2.7 |
| Intangible assets, net | 15.7 | 21.2 |
| Deferred tax assets | 17.7 | 21.9 |
| Other long-term assets | 6.7 | 7.0 |
| Total assets | $2,871.6 | $2,445.9 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $107.6 | $41.6 |
| Payables under inventory purchase agreements | 41.8 | 18.5 |
| Inventories owed to customers and suppliers | 54.0 | 192.7 |
| Deferred revenue and advances from customers, current | 85.3 | 131.1 |
| Short-term inventory loans | — | 38.9 |
| Total current liabilities | 288.7 | 422.8 |
| Long-term debt | 1,178.8 | 1,174.8 |
| Warrant liability | 220.4 | — |
| Postretirement health and life benefit obligations | 68.1 | 72.2 |
| Pension benefit liabilities | 2.9 | 3.0 |
| Deferred revenue and advances from customers, noncurrent | 0.7 | — |
| Other long-term liabilities | 6.9 | 8.0 |
| Total liabilities | 1,766.5 | 1,680.8 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value $1.00 per share, 20,000,000 shares authorized | ||
| Series A Participating Cumulative Preferred Stock, none issued | — | — |
| Class A Common Stock, par value $0.10 per share, 70,000,000 shares authorized, 19,733,908 and 18,945,365 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 2.0 | 1.9 |
| Class B Common Stock, par value $0.10 per share, 30,000,000 shares authorized, 719,200 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 0.1 | 0.1 |
| Excess of capital over par value | 1,044.0 | 762.3 |
| Retained earnings | 59.9 | 1.5 |
| Accumulated other comprehensive loss | (0.9) | (0.7) |
| Total stockholders’ equity | 1,105.1 | 765.1 |
| Total liabilities and stockholders’ equity | $2,871.6 | $2,445.9 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited; in millions, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Separative work units | $14.1 | $10.7 | $155.7 | $187.7 |
| Uranium | 17.7 | 34.1 | 74.1 | 34.1 |
| Technical solutions | 23.7 | 30.1 | 78.5 | 80.7 |
| Total revenue | 55.5 | 74.9 | 308.3 | 302.5 |
| Cost of Sales: | ||||
| Separative work units and uranium | 38.7 | 52.6 | 157.2 | 147.7 |
| Technical solutions | 27.4 | 26.6 | 80.3 | 72.3 |
| Total cost of sales | 66.1 | 79.2 | 237.5 | 220.0 |
| Gross (loss) profit | (10.6) | (4.3) | 70.8 | 82.5 |
| Advanced technology costs | 4.7 | 1.7 | 34.4 | 8.0 |
| Selling, general and administrative | 13.2 | 9.5 | 49.4 | 31.2 |
| Amortization of intangible assets | 1.2 | 1.1 | 5.5 | 5.9 |
| Operating (loss) income | (29.7) | (16.6) | (18.5) | 37.4 |
| Nonoperating components of net periodic benefit loss | 1.0 | 1.0 | 3.0 | 2.9 |
| Interest expense | 3.9 | 3.4 | 12.1 | 9.9 |
| Investment income | (16.9) | (12.9) | (50.2) | (28.2) |
| Extinguishment of long-term debt | — | — | — | (11.8) |
| Gain on change in fair value of warrant liability | (46.4) | — | (46.4) | — |
| Other (income) expense, net | — | (0.1) | 0.2 | — |
| Income (loss) before income taxes | 28.7 | (8.0) | 62.8 | 64.6 |
| Income tax (benefit) expense | (2.9) | (11.9) | 4.4 | 4.6 |
| Net income and comprehensive income | $31.6 | $3.9 | $58.4 | $60.0 |
| Net income per share: | ||||
| Basic | $1.53 | $0.21 | $2.91 | $3.40 |
| Diluted | $1.41 | $0.19 | $2.63 | $3.16 |
| Average number of common shares outstanding (in thousands): | ||||
| Basic | 20,632 | 18,317 | 20,098 | 17,672 |
| Diluted | 22,412 | 20,677 | 22,239 | 18,965 |
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