Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Ur-Energy Inc.URG · other
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $272.5M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningslate filer, thin datanot computable: distress
Inputs computable5 of 14
Graded fromfilings received through Mar 10, 2026213 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.002026-10-08; market equity $397.9M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$1$1.5$2NovDecJanFebMarAprMayJunJulAugSepOct$1.01
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2014nonen/aQ2
Mar 21, 2017E85.6Q2
Mar 21, 2018D76.5Q2
Apr 21, 2018D/E77.2Q2
Mar 21, 2019E99.0Q2
Mar 21, 2020D/E81.3Q2
Apr 21, 2020E83.1Q2
Jul 21, 2020D/E82.9Q2
Feb 21, 2021E85.3Q2
Mar 21, 2022E88.0Q3
Mar 21, 2023E97.9Q2
Mar 21, 2024nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 10, 2026; the document on sec.gov.

The following discussion is designed to provide information that we believe necessary for an understanding of our financial condition, changes in our financial condition and results of our operations. The following discussion and analysis should be read in conjunction with the accompanying audited consolidated financial statements and related notes. The financial statements have been prepared in accordance with US GAAP. Rising electricity demand from data centers, decarbonization goals, apparent changes in public attitudes, and changes in government policies aimed at addressing energy supply and security concerns are contributing to the expansion of the nuclear industry in the U.S.

Warnings [top]

Late filer. found 1 NT 10-K/Q filings in the last eight quarters
Thin data. 5 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 57.7
Gross profitability0.03%[1,3]27.1%96.22892025-12-31
Return on invested capitalnot computable10.0%
latest aligned inputs end 2016-12-31; latest annual assets end 2025-12-31
Accruals ratio(13.6%)[1,4-6](5.9%)19.25062025-12-31
Gross margin stability, five yearsnot computable2.2 pts
annual revenue must exceed $100,000
Solvency, sleeve percentile 6.3
Twelve-month failure probabilitynot computable0.04%
liabilities and a nearby cover-page share count are required at 2026-06-30
Altman Z double-primenot computable2.05
latest aligned inputs end 2019-12-31; latest annual assets end 2025-12-31
Net debt to EBITDAnot computable2.52x
EBITDA must exceed $100,000
Interest coveragenot computable2.18x
latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31
Current ratio5.44x[7-8]1.32x6.35062025-12-31
Growth and financing, sleeve percentile 44.5
Revenue growth, three-year compoundnot computable5.1%
current value must be positive and the base must exceed $100,000
Free cash flow growth, three-year compoundnot computable8.7%
four consecutive annual FCF observations are required; found 12
Reinvestment ratenot computable11.9%
latest aligned inputs end 2016-12-31; latest annual assets end 2025-12-31
Asset growth, three years36.2%[1,6,9-10]4.1%5.34382025-12-31
Net share issuance, one year8.9%[11-12](0.4%)83.73562026-03-04

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(20.7%)2.0%28hotter than 28 of 100 peers
Distance from 52-week high(51.9%)(26.8%)19closer to its high than 19 of 100 peers
EBIT to enterprise value(21.7%)4.4%6pricier than 94 of 100 peers
Free cash flow yield(16.6%)4.1%9pricier than 91 of 100 peers
Book value to price0.170.3429pricier than 71 of 100 peers
Sales to price0.070.704pricier than 96 of 100 peers
Composite equity issuance, five years74.5%(8.8%)93more equity-funded than 93 of 100 peers
Relative strength against the sector, log excess return(0.38)(0.13)28ahead of 28 of 100 peers

Inputs: market equity $401.8M; EBIT -$69.4M; free cash flow -$66.7M; book equity $68.9M; sales $27.2M; debt $13.3M; cash $95.3M[13].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(38.6%)✗ fail[4,6]
Operating cash flow above zero-$43.1M✗ fail[5]
Return on assets improved2.9 pts✓ pass[4,6,9,14]
Operating cash flow exceeds net income$31.8M✓ pass[4-5]
Long-term leverage felln/a[1,6,9]
Current ratio improved(54.7 pts)✗ fail[7-8,15-16]
No new shares issued8.9%✗ fail[11-12]
Gross margin improved26.9 pts✓ pass[2-3,17-18]
Asset turnover improved(12.2 pts)✗ fail[2,6,9,18]
Cash, filings, liquidity
Cash and equivalents$95.3M[19]
Operating cash flow, four quarters-$62.3M[5,19-23]
Months of runway18.3
Late filings, two years1
NT 10-K or NT 10-Q
Days since last periodic filing60
10-Q received Aug 10, 2026
Median daily dollar volume$7.4M
63 sessions
Days since newest grade input213

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$272.5M2025-12-312026-03-1010-Kfiling · viewer · series
2revenueus-gaap:Revenues$27.2M2025-12-312026-03-1010-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$74,0002025-12-312026-03-1010-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$74.9M2025-12-312026-03-1010-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$43.1M2025-12-312026-03-1010-Kfiling · viewer · series
6assetsus-gaap:Assets$194.1M2024-12-312026-03-1010-Kfiling · viewer · series
7current assetsus-gaap:AssetsCurrent$150.4M2025-12-312026-03-1010-Kfiling · viewer · series
8current liabilitiesus-gaap:LiabilitiesCurrent$27.7M2025-12-312026-03-1010-Kfiling · viewer · series
9assetsus-gaap:Assets$128.4M2023-12-312025-04-1110-Kfiling · viewer · series
10assetsus-gaap:Assets$107.9M2022-12-312024-03-0610-Kfiling · viewer · series
11shares outstandingdei:EntityCommonStockSharesOutstanding397,328,2192026-03-042026-03-1010-Kfiling · viewer · series
12shares outstandingdei:EntityCommonStockSharesOutstanding364,819,2602025-04-092025-04-1110-Kfiling · viewer · series
13shares outstandingdei:EntityCommonStockSharesOutstanding397,863,7202026-07-312026-08-1010-Qfiling · viewer · series
14net incomeus-gaap:NetIncomeLoss-$53.2M2024-12-312026-03-1010-Kfiling · viewer · series
15current assetsus-gaap:AssetsCurrent$115.3M2024-12-312026-03-1010-Kfiling · viewer · series
16current liabilitiesus-gaap:LiabilitiesCurrent$19.3M2024-12-312026-03-1010-Kfiling · viewer · series
17gross profitus-gaap:GrossProfit-$9.0M2024-12-312026-03-1010-Kfiling · viewer · series
18revenueus-gaap:Revenues$33.7M2024-12-312026-03-1010-Kfiling · viewer · series
19cashus-gaap:CashAndCashEquivalentsAtCarryingValue$95.3M2026-06-302026-08-1010-Qfiling · viewer · series
20operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$28.5M2026-06-302026-08-1010-Qfiling · viewer · series
21operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$16.5M2026-03-312026-05-0810-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$24.3M2025-09-302025-11-0310-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$9.3M2025-06-302026-08-1010-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026