Centrus Energy reported a milestone year in 2025, driven by improvements in its existing LEU segment and strategic advancements in its planned enrichment business, including the launch of centrifuge manufacturing and a significant HALEU production award. The company is well-positioned to meet commercial and national security needs with a growing backlog and expanding capacity.
Full year 2025 revenue increased to $448.7 million from $442.0 million in 2024.
positiveFull year 2025 net income increased to $77.8 million from $73.2 million in 2024.
positiveStrengthened balance sheet with an increased unrestricted cash balance to $2.0 billion.
positiveSelected by the U.S. Department of Energy for a $900.0 million HALEU production award.
positiveLaunched domestic commercial centrifuge manufacturing to support a $2.3 billion commercial LEU backlog.
positiveGross profit for the Technical Solutions segment decreased by $11.6 million (or 66%) due to increased costs incurred under the HALEU Operation Contract, with a portion of Phase 2 remaining undefinitized and subject to negotiation.
attentionRevenue from the LEU segment decreased by $3.7 million (or 1%) due to a decrease in uranium revenue, partially offset by an increase in separative work units (SWU) revenue.
attentionCost of sales for the Technical Solutions segment increased by $22.0 million (or 30%), primarily attributable to the HALEU Operation Contract.
attentionThe company's 2026 guidance is subject to uncertainties, including the assumption of no significant change in restrictions on receiving and selling Russian LEU or other uranium products.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
LEU segment | N/A | — | — | — |
Uranium | N/A | — | — | — |
Technical solutions | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
2025 was a milestone year for Centrus marked by continuous improvements to both our existing LEU segment as well as our planned future enrichment business, punctuated by our fourth quarter announcement officially launching our centrifuge build out and the government’s selection of Centrus for a $900 million HALEU enrichment award.
With a growing contingent LEU sales backlog of $2.3 billion, a HALEU mandate from the government, and a potential sole-source award from the NNSA, we are uniquely positioned to meet the commercial and national security market needs.
The LEU pricing curve’s sharp rise continues to demonstrate that there is a clear need for additional enrichment capacity for growing electrification demands.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.