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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.11M | $35.84M | $27.10M | $17.71M | $4.21M | $16.90M | $39.92M | $4.05M |
| Cost of revenue | $10.69M | $21.48M | $17.61M | $12.78M | $3.66M | $18.12M | $39.34M | $1.85M |
| Gross profit | $14.42M | $14.36M | $9.50M | $4.93M | $557.00K | −$1.23M | $584.00K | $2.20M |
| Gross margin | 57.4% | 40.1% | 35.0% | 27.8% | 13.2% | -7.3% | 1.5% | 54.4% |
| Selling, general and administrative | $19.24M | $16.55M | $18.93M | $15.68M | $14.84M | $15.34M | $15.27M | $7.06M |
| Operating expenses | $44.99M | $31.29M | $31.62M | $31.59M | $26.73M | $24.97M | $29.16M | $14.11M |
| Operating income | −$30.58M | −$16.93M | −$22.12M | −$26.67M | −$26.18M | −$26.19M | −$28.58M | −$11.91M |
| Operating margin | -121.8% | -47.2% | -81.6% | -150.6% | -621.4% | -155.0% | -71.6% | -294.4% |
| EBITDA | −$14.47M | −$13.12M | −$20.69M | −$25.28M | −$23.97M | −$24.92M | −$21.86M | −$10.31M |
| Income before taxes | −$33.56M | −$10.91M | −$20.89M | −$16.92M | −$21.81M | −$27.47M | −$33.35M | −$12.08M |
| Income taxes | $45.00K | $48.00K | $57.00K | $84.00K | $26.00K | −$1.15M | −$372.00K | — |
| Net income | −$33.60M | −$10.96M | −$20.94M | −$17.01M | −$21.84M | −$26.32M | −$32.98M | −$12.08M |
| Net margin | -133.8% | -30.6% | -77.3% | -96.0% | -518.5% | -155.8% | -82.6% | -298.5% |
| EPS, basic | −$0.13 | −$0.04 | −$0.09 | −$0.07 | −$0.10 | −$0.13 | −$0.17 | −$0.07 |
| EPS, diluted | −$0.13 | −$0.04 | −$0.09 | −$0.07 | −$0.10 | −$0.13 | −$0.17 | −$0.07 |
| Diluted shares | 249.32M | 241.55M | 238.71M | 232.70M | 219.78M | 207.71M | 195.68M | 163.88M |
Figures describe Energy Fuels Inc. shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.