Uranium Royalty Corp.
- Open
- 2.79
- Day high
- 2.84
- Day low
- 2.72
- Prev close
- 2.81
- Volume
- 2.2M
- Mkt cap
- $405M
- P/E (TTM)
- 121.4
- EPS (TTM)
- $0.02
- P/B
- 1.5
- P/S
- 10.4
- Yield
- —
- Per share
- —
Uranium Royalty Corp. (UROY) is a Energy company listed on NASDAQ. The stock is up 4% over the past year.
Uranium Royalty Corp. (UROY) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UROY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 10, 2026 | $-0.01 | $0.01 | +236.2% | $12M | — |
| Dec 11, 2025 | $-0.01 | $0.01 | +252.2% | $29251 | — |
| Sep 11, 2025 | $-0.01 | $0.01 | +200.0% | $24M | — |
| Mar 6, 2025 | $-0.01 | $-0.01 | +0.0% | $2713 | -100.0% |
| Dec 12, 2024 | $0.01 | $-0.00 | -125.2% | $8M | -36.8% |
| Sep 12, 2024 | — | $-0.01 | — | — | — |
| Mar 15, 2024 | — | $0.02 | — | $11M | — |
| Dec 13, 2023 | — | $0.03 | — | $11M | — |
| Sep 13, 2023 | — | $-0.01 | — | — | — |
| Mar 15, 2023 | — | $-0.01 | — | — | — |
| Dec 14, 2022 | — | $-0.02 | — | — | — |
| Sep 9, 2022 | — | $-0.02 | — | — | — |
Uranium Royalty Corp. company profile
Overview
Uranium Royalty Corp. (TSX:URC) is a Canadian pure-play uranium royalty company founded in 2017 and headquartered in Vancouver. The company went public in April 2021 and operates as a specialized investment vehicle focused exclusively on acquiring and managing uranium royalty interests across North America, Africa, and Australia. Unlike traditional mining companies that extract uranium directly, Uranium Royalty Corp. generates revenue by holding royalty and streaming agreements on uranium projects operated by other mining companies, providing investors with exposure to uranium price movements without the operational risks of mining.
Business
Uranium Royalty Corp. operates in the uranium mining royalty sector, which sits at the intersection of the nuclear fuel cycle and resource financing. The company's core business involves acquiring, accumulating, and managing a geographically diversified portfolio of uranium royalty interests and streaming agreements. The uranium industry serves as the foundation of nuclear power generation, where uranium ore is mined, processed into yellowcake (uranium oxide), and further enriched to fuel nuclear reactors that generate electricity. Nuclear power currently provides about 10% of global electricity and 20% of electricity in the United States, making uranium a critical commodity for clean energy infrastructure. The company's portfolio includes royalty interests in prominent uranium projects such as the McArthur River and Cigar Lake operations in Saskatchewan's Athabasca Basin (considered the world's highest-grade uranium district), the Langer Heinrich project in Namibia, and various projects across the western United States including Wyoming's Lance and Reno Creek projects. A royalty interest typically entitles the holder to a percentage of production or revenue from a mining operation without bearing the costs of development, operation, or environmental remediation. The company operates as a single business segment focused entirely on uranium royalties, with revenue derived from production-based royalties when underlying projects are operational and producing uranium.
Revenue model
Uranium Royalty Corp. generates revenue through two primary mechanisms within its royalty business model. First, the company earns production-based royalties when its underlying uranium projects are operational, typically receiving a percentage of either the physical uranium produced or the revenue generated from uranium sales. Second, the company benefits from capital appreciation of its royalty assets as uranium prices fluctuate and as underlying projects advance through development stages. The company's paying customers are effectively the uranium mining companies that operate the projects in which Uranium Royalty holds interests. These operators pay royalties based on their production output and uranium sales. Revenue recognition occurs when the underlying mines are producing and selling uranium, which explains the company's intermittent revenue pattern - with significant revenue in Q2 2024 ($7.8 million) and Q4 2023 ($8.9 million) when key projects were operational, but minimal revenue in Q1 2024 when production was limited. Several factors significantly impact the company's margins and profitability. Uranium spot prices represent the most critical variable, as higher uranium prices directly increase royalty payments and asset valuations. The company benefits from the current uranium market recovery, with prices rising from historic lows of around $20 per pound in 2016-2020 to over $80 per pound in recent periods. Production levels at underlying projects directly affect revenue, with factors like mine maintenance, regulatory approvals, and operational efficiency impacting output. Nuclear energy policy and government support for nuclear power expansion create long-term demand dynamics. Additionally, the company's cost structure remains relatively fixed regardless of production levels, meaning higher uranium prices and production volumes flow directly to improved margins, while lower activity periods result in losses due to ongoing corporate and administrative expenses.
Competitive moat
Uranium Royalty Corp. operates with a moderate economic moat based primarily on its portfolio of established royalty interests and the specialized nature of uranium royalty investing. The company's strongest competitive advantage lies in its diversified portfolio of high-quality uranium assets, particularly its interests in Saskatchewan's Athabasca Basin projects, which are among the world's highest-grade uranium deposits. Once acquired, these royalty interests provide durable, long-term cash flow streams that are difficult for competitors to replicate, as the underlying projects often have decades-long mine lives. The uranium royalty sector benefits from high barriers to entry due to the specialized knowledge required to evaluate uranium projects, the significant capital needed to build a meaningful portfolio, and the limited availability of quality royalty opportunities. The sector's complexity, including understanding nuclear fuel cycles, uranium market dynamics, and mining regulations across multiple jurisdictions, creates expertise barriers that favor established players. However, the company's moat faces several vulnerabilities. The cyclical nature of uranium markets creates periods of minimal revenue and cash flow, as evidenced by the company's inconsistent quarterly results. Competition from larger royalty companies with broader commodity exposure and deeper capital resources, such as Franco-Nevada or Royal Gold, could potentially outbid Uranium Royalty for attractive opportunities. Additionally, the company remains dependent on the operational success and management decisions of the mining companies operating its underlying projects, creating counterparty risk that could impact long-term returns. The specialized focus on uranium, while providing expertise advantages, also creates concentration risk in a single commodity market subject to political, regulatory, and technological disruption.
Risks & safety
Uranium Royalty Corp. demonstrates a strong financial safety profile with minimal solvency risk, though profitability remains inconsistent due to the cyclical nature of uranium production. • Cash and liquidity position: $6.6 million in cash and short-term investments as of Q3 2024, with total current assets of $164.7 million providing substantial liquidity buffer • Debt levels: Minimal debt with debt-to-equity ratio of only 0.07% as of Q3 2024, indicating virtually no financial leverage risk • Current ratio: Exceptionally strong at 216.6x in Q3 2024, demonstrating ability to meet short-term obligations • Cash burn: Operating cash flow negative at -$1.5 million in Q3 2024, but manageable given substantial asset base • Solvency risk: Very low given minimal debt, strong balance sheet, and liquid asset portfolio • Valuation metrics: Price-to-book ratio of 1.52x suggests reasonable valuation relative to net assets; negative EBITDA makes traditional earnings multiples less meaningful • Asset backing: Graham net-net ratio of 0.97 indicates stock trades near liquidation value, providing downside protection • Other considerations: Revenue volatility creates earnings unpredictability, but strong balance sheet provides time for uranium market recovery
Recent development
Based on the company's financial trajectory over recent periods, Uranium Royalty Corp. has focused on portfolio optimization and strategic positioning for the uranium market recovery. The company has maintained its core strategy of building a diversified royalty portfolio while managing through periods of limited production at underlying projects. The most significant development has been the company's ability to generate substantial revenue during active production periods, with Q2 2024 revenue reaching $7.8 million and Q4 2023 achieving $8.9 million, demonstrating the earnings potential when underlying uranium projects are operational. This contrasts sharply with periods like Q1 2024 when revenue dropped to zero, highlighting the cyclical nature of the business tied to mine production schedules and uranium market conditions. The company has maintained a conservative financial approach, preserving cash resources and avoiding significant debt while uranium markets recover. With total assets growing from $137 million in 2022 to over $205 million by Q3 2024, the company has expanded its asset base substantially. The management appears focused on selective acquisition opportunities while maintaining financial flexibility for the anticipated uranium market expansion driven by growing nuclear energy demand and supply constraints in the uranium mining sector. Recent periods show the company positioning for increased activity as uranium prices have recovered significantly from historic lows, with the expectation that more underlying projects will return to production as market conditions improve.
UROY company profile · for informational purposes only — not investment advice.
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