Centrus Energy Corp. delivered a strong third quarter in 2025, achieving a net income of $3.9 million on $74.9 million in revenue, a significant improvement from a net loss in the prior year. The company substantially strengthened its balance sheet with a $805 million convertible senior notes offering, increasing unrestricted cash to $1.6 billion. Strategic progress was also made in preparing for enrichment build-out, including securing U.S. government waivers for Russian committed deliveries and signing an agreement with KHNP and POSCO International for potential investment in its Piketon, Ohio, uranium enrichment plant expansion.
Centrus delivered a strong second quarter in 2025, achieving a net income of $28.9 million and total revenue of $154.5 million. The company successfully completed Phase 2 of its HALEU Operation Contract, delivering 900 kilograms of HALEU to the Department of Energy, and secured an extension for Phase 3 of the contract valued at approximately $110.0 million.
Centrus Energy Corp. reported a strong first quarter in 2025, achieving significant net income and revenue growth compared to the prior year. The company also retired its higher-interest rate debt, resulting in a gain.
Centrus Energy Corp. reported a strong fourth quarter and full year 2024, with total revenue reaching $151.6 million for Q4 and $442.0 million for the full year. The company achieved a net income of $53.7 million for Q4 and $73.2 million for the full year, alongside significant progress in HALEU production, securing new government contracts, and strengthening its balance sheet with a $402.5 million convertible senior notes offering.
Centrus Energy Corp. reported full year net income of $84.4 million. The company originated $189 million of new sales contracts, maintaining a $1 billion long-term order book.
Centrus Energy Corp. reported a net income of $52.2 million for the full year 2022, which includes a $21.3 million accrual for the cost share associated with the HALEU Operation Contract with the DOE. The LEU segment generated $67 million in gross profit in Q4. The company secured a $150 million contract to operate a HALEU demonstration cascade and is on pace to begin HALEU production by the end of the year.
Centrus Energy Corp. reported a strong financial position in 2021, marked by the retirement of all outstanding preferred shares, an increased cash balance of $193.8 million, and a reduction of over $100 million in pension liability.
Centrus Energy Corp. reported a net income of $42.1 million for the quarter ended September 30, 2021, compared to a net loss of $7.0 million for the third quarter of 2020. Revenue for the quarter was $91.3 million, which included $43.5 million related to the settlement of the Company’s claims for reimbursement for certain pension and postretirement benefits costs incurred in connection with a past cost-reimbursable contract.
Centrus Energy Corp. reported a net income of $11.6 million on revenue of $62.4 million for Q2 2021. The company's consolidated cash balance was $176.0 million as of June 30, 2021. The U.S. Nuclear Regulatory Commission approved a license amendment request to produce HALEU.
Centrus Energy Corp. reported a net income of $5.1 million for the quarter ended March 31, 2021, with total revenue of $55.6 million. The increase in revenue was primarily driven by increased volume in the LEU segment and increased work performed under the HALEU and X-energy contracts. The company's consolidated cash balance stood at $163.3 million as of March 31, 2021.
Centrus Energy Corp. reported a net income of $54.4 million for the full year 2020, a significant turnaround from the net loss of $16.5 million in 2019. The company's revenue increased by 18% to $247.2 million, driven by growth in both the LEU and technical solutions segments. They also completed the purchase of 62,854 shares of its outstanding Series B Preferred Stock.
Centrus Energy Corp. reported a net loss of $7.0 million for the third quarter of 2020, compared to a net income of $22.8 million for the third quarter of 2019. The company raised approximately $25 million through a public offering and announced a cash tender offer to retire up to $60 million of Series B Senior Preferred Stock. They also signed an agreement with TerraPower to pursue commercial-scale HALEU production.
Centrus Energy Corp. reported a net income of $33.7 million for the second quarter of 2020, a significant improvement compared to the net loss of $15.6 million in the same period last year. The company's revenue increased to $75.7 million, driven by growth in both the LEU and technical solutions segments. The consolidated cash balance as of June 30, 2020, was $119.3 million.
Centrus Energy Corp. reported a net income of $11.3 million for the quarter ended March 31, 2020, compared to a net loss of $20.9 million for the first quarter of 2019. Total revenue for the first quarter of 2020 was $45.0 million, an increase of $6.3 million, or 16%, from the prior year period. The increase was primarily the result of work performed under the high-assay, low-enriched uranium (HALEU) contract.
Centrus Energy Corp. reported a net loss of $2.8 million for Q4 2019, compared to a net loss of $45.2 million in Q4 2018. Total revenue for Q4 2019 was $55.7 million, compared to $83.8 million in Q4 2018. The company's year-end cash balance was $130.7 million.