Foremost Clean Energy (FMST) Research & Development (2022 - 2026)
Foremost Clean Energy's (FMST) quarterly Research & Development came in at -$1.7 million in Q2 2026, down 213.17% year-over-year from $1.5 million in Q2 2025, and down 65.61% quarter-over-quarter from -$1.0 million in Q1 2026.
Analysis
Foremost Clean Energy (FMST) Research & Development (2022 - 2026) Analysis & Trends
Foremost Clean Energy has disclosed Research & Development across 5 years of filings, most recently posting -$1.7 million for Q2 2026.
- In Q2 2026, Research & Development fell 213.17% year-over-year to -$1.7 million; the TTM figure through Jun 2026 stood at -$5.5 million (down 709.53% YoY), while the FY2026 annual figure was -$6.2 million, down 337.76% from the prior year.
- Research & Development came in at -$1.7 million for Q2 2026 at Foremost Clean Energy, down from -$1.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $1.5 million in Q2 2025 to a low of -$2.8 million in Q4 2025.
- Average Research & Development over 5 years is -$665313.7, with a median of -$193027.0 recorded in 2024.
- The largest YoY upside for Research & Development was 881.74% in 2025 against a maximum downside of 183230.98% in 2025.
- Over 5 years, Research & Development stood at -$1.8 million in 2022, then jumped by 100.57% to $10340.1 in 2023, then plunged by 85.22% to $1528.3 in 2024, then tumbled by 183230.98% to -$2.8 million in 2025, then soared by 38.99% to -$1.7 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$1.7 million in Q2 2026, -$1.0 million in Q1 2026, and -$2.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cameco | 43.86 Bn | 42.75 Bn | 190.14 Mn | 9.71 Mn |
| 2 | NexGen Energy | 6.28 Bn | 5.57 Bn | - | - |
| 3 | Uranium Energy | 5.72 Bn | 5.23 Bn | - | 15.79 Mn |
| 4 | Energy Fuels | 3.63 Bn | 2.70 Bn | 14.42 Mn | 8.44 Mn |
| 5 | Centrus Energy | 3.63 Bn | 1.76 Bn | 49.90 Mn | 10.80 Mn |
| 6 | Nano Nuclear Energy | 910.48 Mn | 331.09 Mn | - | 5.40 Mn |
| 7 | IsoEnergy | 607.48 Mn | 607.48 Mn | - | 266,416.04 |
| 8 | Ur-Energy | 549.28 Mn | 450.28 Mn | 1.89 Mn | - |
| 9 | enCore Energy | 235.99 Mn | 161.96 Mn | -2.58 Mn | - |
| 10 | Foremost Clean Energy | 12.51 Mn | 9.95 Mn | - | -1.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.71 Mn |
| Mar 31, 2026 | -1.03 Mn |
| Dec 31, 2025 | -2.80 Mn |
| Sep 30, 2025 | 965.70 |
| Jun 30, 2025 | 1.51 Mn |
| Mar 31, 2025 | -606,624.67 |
| Dec 31, 2024 | 1,528.34 |
| Sep 30, 2024 | 4,492.15 |
| Jun 30, 2024 | -193,026.95 |
| Mar 31, 2024 | -2.67 Mn |
| Dec 31, 2023 | 10,340.06 |
| Sep 30, 2023 | 28,042.51 |
| Jun 30, 2023 | -169,631.68 |
| Mar 31, 2023 | -818,755.85 |
| Dec 31, 2022 | -1.82 Mn |
| Sep 30, 2022 | 52,113.44 |
| Jun 30, 2022 | -1.09 Mn |