Centrus Energy Corp. has reported its financial results for the fourth quarter and full year 2025, along with providing guidance for 2026. The company's 2025 full year revenue was $448.7 million, marking a slight increase from the prior year's revenue of $442.0 million. Gross profit for 2025 was $117.5 million, compared to the previous year's gross profit of $111.5 million. Net income for 2025 was $77.8 million, up from $73.2 million in the prior year.
In terms of revenue breakdown, the company's leu segment revenue for 2025 was $346.2 million, slightly lower than the previous year's $349.9 million. However, revenue from the technical solutions segment saw an increase, reaching $102.5 million compared to the prior year's $92.1 million.
The cost of sales for the leu segment decreased to $234.7 million in 2025 from $256.0 million in the prior year. Conversely, the technical solutions segment saw an increase in cost of sales, reaching $96.5 million, up from $74.5 million in 2024.
The company recognized a gross profit of $117.5 million in 2025, representing an increase from the previous year's gross profit of $111.5 million. Gross profit for the leu segment also increased to $111.5 million from $93.9 million in the prior year. Conversely, gross profit for the technical solutions segment decreased to $6.0 million from $17.6 million in 2024.
Centrus also announced a strengthened balance sheet and increased unrestricted cash balance to $2.0 billion. The company was selected by the U.S. Department of Energy for a $900.0 million haleu production award, subject to negotiation. Additionally, the National Nuclear Security Administration notified Centrus of its intent to sole source certain uranium enrichment activities.
Looking ahead to 2026, Centrus provided financial and operational guidance. The company expects total revenue to be in the range of $425 million to $475 million for the full year 2026. It also anticipates total capital deployment to be in the range of $350 million to $500 million, driven by increased investment in the company’s industrial build-out related to its centrifuge manufacturing.
Centrus' total backlog as of December 31, 2025, stands at $3.8 billion and extends to 2040. The leu segment backlog, as of the same date, was approximately $2.9 billion, while the technical solutions segment backlog was approximately $0.9 billion.
The company's CEO, Amir Vexler, expressed optimism about Centrus' position in the market, highlighting the significant potential for growth and its ability to meet both commercial and national security market needs.
Following these announcements, the company's shares moved 8.14%, and are now trading at a price of $331.03. For more information, read the company's full 8-K submission here.
