Cameco revenue and financials
Secondary listing. The primary listing is Cameco · TSX (CAD)
$94.01Change from previous close: +7.48%Absolute change: +$6.54
In the fiscal year ended December 2025, Cameco reported revenue of $3.48B (+11.04% year over year). Net income was $589.58M, a net margin of 16.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +11.04%
- 2025 vs 2024
- Net income growth
- +243.07%
- 2025 vs 2024
- Net margin
- 16.9%
- 2024: 5.5%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 814 | 845 | 1,201 | 615 | 877 | 789 | 1,183 | 721 | 598 | 634 | 844 | 575 |
| Cost of revenue | 551 | 477 | 841 | 385 | 533 | 459 | 829 | 479 | 361 | 404 | 665 | 367 |
| Gross profit | 262 | 369 | 360 | 229 | 344 | 331 | 354 | 242 | 237 | 230 | 179 | 208 |
| Selling, general and administrative | 77.0 | 122 | 88.5 | 67.5 | 96.4 | 58.8 | 76.7 | 50.9 | 65.7 | 59.8 | 59.0 | 65.5 |
| Research and development | 9.7 | 13.9 | 14.9 | 10.3 | -0.7 | 14.0 | 10.4 | 8.9 | 7.9 | 9.3 | 3.8 | 7.9 |
| Operating income | 74.1 | 154 | 164 | 82.5 | 156 | 178 | 173 | 91.1 | 92.2 | 118 | 6.0 | 127 |
| EBIT | 74.1 | 154 | 164 | 82.5 | 156 | 178 | 173 | 91.1 | 92.2 | 118 | 6.0 | 127 |
| EBITDA | 157 | 231 | 258 | 152 | 252 | 249 | 283 | 172 | 164 | 170 | 62.8 | 192 |
| Interest expense | 12.2 | 12.6 | 14.0 | 12.9 | 13.0 | 15.1 | 18.5 | 18.8 | 29.0 | 25.8 | 18.6 | 12.2 |
| Pre-tax income | 45.9 | 163 | 246 | 15.7 | 392 | 123 | 133 | 45.5 | 54.0 | 23.9 | 107 | 189 |
| Income tax | 20.7 | 32.2 | 47.4 | 15.9 | 71.1 | 53.4 | -2.1 | 38.0 | 18.0 | 31.0 | 26.5 | 40.6 |
| Net income | 25.2 | 131 | 199 | -0.1 | 321 | 69.8 | 135 | 7.4 | 36.0 | -7.1 | 80.1 | 148 |
| Net income to common shareholders | 25.2 | 131 | 199 | -0.1 | 321 | 69.8 | 135 | 7.4 | 36.0 | -7.1 | 80.1 | 148 |
| Basic EPS | 0.06 | 0.30 | 0.46 | -0.00 | 0.74 | 0.16 | 0.31 | 0.02 | 0.08 | -0.02 | 0.18 | 0.34 |
| Diluted EPS | 0.06 | 0.30 | 0.45 | -0.00 | 0.74 | 0.16 | 0.31 | 0.02 | 0.08 | -0.02 | 0.18 | 0.34 |
| Average shares (basic) | 436 | 436 | 435 | 435 | 435 | 435 | 435 | 435 | 435 | 434 | 444 | 434 |
| Average shares (diluted) | 436 | 436 | 436 | 435 | 436 | 436 | 436 | 435 | 436 | 434 | 444 | 435 |
| Dividend per share | — | — | 0.24 | — | — | — | 0.16 | — | — | — | 0.12 | — |