enCore Energy Corp.
enCore Energy Corp.’s revenue for fiscal 2025 (year ended December 2025) was $43.2 million, down 26.0% from fiscal 2024. In the quarter to June 2026, revenue grew 328.4%, EPS fell 600.0%, free cash flow fell 57.0% and total debt rose 54,582.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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enCore Energy Corp. (EU) Piotroski F-score
enCore Energy Corp.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (13.81%) | (17.07%) | Fail | 0 |
| Positive operating cash flow | (24.99m) | (45.20m) | Fail | 0 |
| Rising return on assets | (13.81%) | (17.07%) | Pass | 1 |
| Cash flow above net income | 31.86m | 16.19m | Pass | 1 |
| Falling long-term leverage | 0.27 | 0.00 | Fail | 0 |
| Rising current ratio | 8.03 | 2.91 | Pass | 1 |
| No new shares issued | 186,861,000 | 181,983,000 | Fail | 0 |
| Rising gross margin | 22.46% | (12.35%) | Pass | 1 |
| Rising asset turnover | 0.10 | 0.16 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| UROY Uranium Royalty Corp. compare | 7 |
| LEU Centrus Energy Corp. compare | 4 |
| EU enCore Energy Corp. | 4 |
| UEC Uranium Energy Corp. compare | 4 |
| DNN Denison Mine Corp compare | 3 |
| UUUU Energy Fuels Inc compare | 2 |
| NXE NexGen Energy compare | — |
| ISOU IsoEnergy Ltd. compare | — |
| NUCL Eagle Nuclear Energy Corp. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover