United States was Energy Fuels’s largest segment in fiscal 2025, bringing in $66.86M of $118.22M (57%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $18.95M | $48.67M | $66.86M | |||||||
| Korea, Republic Of | — | $2.34M | $1.01M | |||||||
| South Korea | — | — | — | |||||||
| China | — | $34.61M | $6.12M | |||||||
| Germany | — | $17.18M | — | |||||||
| Japan | — | $24.82M | $5.50M | |||||||
| Netherlands | — | $12.96M | — | |||||||
| Canada | $900.00K | $84.00K | $30.73M | |||||||
| Saudi Arabia | — | — | $6.91M | |||||||
| Other | — | — | — | |||||||
| Estonia | $4.24M | — | $696.00K | |||||||
| Spain | — | $2.49M | — | |||||||
| Mexico | — | $1.61M | — | |||||||
| United Arab Emirates | — | — | $390.00K | |||||||
| Kenya | — | $382.00K | — | |||||||
| Total | $24.09M | $145.14M | $118.22M |
Energy Fuels brought in $118.22M from its eight segments in fiscal 2025, the year ended December 31, 2025. That is less than the $131.84M it reports by revenue type, so these segments do not cover all of its revenue. United States was the largest at $66.86M (56.6%), ahead of Canada at $30.73M (26.0%) and Saudi Arabia at $6.91M (5.8%). The other five segments brought in $13.72M combined.
Compared with fiscal 2024, Canada grew fastest, up 36,483.3% to $30.73M, while China fell the most, down 82.3% to $6.12M. Some of that change comes from Energy Fuels regrouping its segments.
Energy Fuels began breaking out Korea, Republic Of in fiscal 2024, China in fiscal 2024, Japan in fiscal 2024 and Saudi Arabia in fiscal 2025. Energy Fuels stopped reporting Germany ($17.18M in fiscal 2024), Netherlands ($12.96M in fiscal 2024), Spain ($2.49M in fiscal 2024) and two others as separate segments.
Revenues, Uranium Concentrates was Energy Fuels’s largest revenue line in fiscal 2025, bringing in $96.47M of $131.84M (73%).
| Revenue Type | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenues, Uranium Concentrates | — | $66.56M | $75.81M | $96.47M |
| Revenues, Heavy Mineral Sands | — | — | $79.75M | $31.64M |
| Revenues, Vanadium Concentrates | $17.56M | — | — | — |
| Revenues, Re Carbonate | $4.24M | — | — | — |
| Revenues, Alternate Feed Materials | $3.23M | $1.86M | $672.00K | $3.73M |
| Total | $25.03M | $68.42M | $156.23M | $131.84M |
Energy Fuels brought in $131.84M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 15.6% from $156.23M in fiscal 2024. Revenues, Uranium Concentrates was the largest at $96.47M (73.2%), ahead of Revenues, Heavy Mineral Sands at $31.64M (24.0%) and Revenues, Alternate Feed Materials at $3.73M (2.8%).
Compared with fiscal 2024, Revenues, Alternate Feed Materials grew fastest, up 455.7% to $3.73M, while Revenues, Heavy Mineral Sands fell the most, down 60.3% to $31.64M.
Energy Fuels began breaking out Revenues, Uranium Concentrates in fiscal 2023 and Revenues, Heavy Mineral Sands in fiscal 2024. Energy Fuels stopped reporting Revenues, Vanadium Concentrates ($17.56M in fiscal 2022) and Revenues, Re Carbonate ($4.24M in fiscal 2022) as separate revenue lines.
Customer 6 was Energy Fuels’s largest revenue line in fiscal 2023, bringing in $36.94M of $59.62M (62%).
| Major Customers | FY 2014 | FY 2017 | FY 2018 | FY 2023 |
|---|---|---|---|---|
| Customer 6 | $36.94M | |||
| Customer 1 | $20.94M | |||
| Customer 3 | — | |||
| Customer 2 | — | |||
| Customer 8 | $1.73M | |||
| Total | $59.62M |
Energy Fuels brought in $59.62M from its three revenue lines in fiscal 2023, the year ended December 31, 2023. Customer 6 was the largest at $36.94M (62.0%), ahead of Customer 1 at $20.94M (35.1%) and Customer 8 at $1.73M (2.9%).
Energy Fuels (UUUU) reports its revenue by segment, by revenue type and by major customers. In fiscal 2025, United States was its largest segment, bringing in $66.86M (56.6% of the total), followed by Canada at $30.73M (26.0%).
United States was Energy Fuels' largest segment in fiscal 2025, bringing in $66.86M, or 56.6% of the $118.22M total across its eight segments.
Revenues, Uranium Concentrates was Energy Fuels' largest revenue line in fiscal 2025, bringing in $96.47M, or 73.2% of the $131.84M total across its three revenue lines.
Among Energy Fuels' revenue lines that make up at least 2% of revenue, Revenues, Alternate Feed Materials grew fastest in fiscal 2025, up 455.7% from $672.00K to $3.73M.
Every figure comes from Energy Fuels' annual financial filings, as reported. Each line keeps the name Energy Fuels gives it, and years follow its fiscal calendar.
Energy Fuels' revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.