Company Analysis

Ur-Energy Inc. (URG)

NYSE: URG · Gold and Silver Ores · Casper, WY · filing with the SEC since 2006
Grade2.6
◀ Past 1.1● Present 3.2▶ Future 4.2
1 est.

The grade of Ur-Energy Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.6/10
◀ Past1.140% of the headline
● Present3.235% of the headline
▶ Future4.225% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-03-31.

weight 45% of this tense · 6th percentile among 73 sector filers · read for itself

From the record

Ur-Energy Inc.'s filings since 2017 show 2 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2024-10-02); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.0/10

What has it actually done, year after year?

-2.8% a year over 7 filed years; profitable in 0 of 7.

weight 33% of this tense · 10th percentile among 44 sector filers · read for its customers

From the record

Ur-Energy Inc.'s 7 filed years say what it did: revenue went from $32 million in fiscal 2019 to $27 million in fiscal 2025, down 2.8% a year; it rose in 3 of 6 years; the deepest fall was 100% from fiscal 2019 to fiscal 2021; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-2.8%bottom 9% of its family
  • the share of years revenue rosebottom 15% of its family
  • the share of filed years with a profitbottom 9% of its family
  • the deepest fall from a revenue peak100.0%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.5/10

How has it treated the people who own it?

SI estimate 2.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 25th percentile among 63 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 25% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 63 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ur-Energy Inc.'s shareholder treatment is put at 2.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 25% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.2/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
1.5/10

Is it financially healthy right now?

ROE -97%: lost 97¢ per shareholder dollar. Leverage 72%: owes 72¢ per asset dollar.

weight 45% of this tense · 15th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ur-Energy Inc. lost about 97 cents for every dollar of shareholders' money, and gross profitability: its products earned about 0 cents per dollar of everything the company owns. Leverage: it owed about 72 cents per dollar of assets, and net share issuance: its share count grew 16.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 10% of its family
  • return on equitybottom 9% of its family
  • gross profit against assetsbottom 6% of its family
  • the share count against the year beforebottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 44 in its family; net margin -275.3%.

weight 33% of this tense · 42nd percentile among 44 sector filers · read for its customers

From the record

Ur-Energy Inc.'s standing among 44 graded names in its industry family: revenue of $27 million in fiscal 2025 ranks in the bottom 15% by size; a net margin of -275.3% ranks in the bottom 12%; revenue growth of 1026.5% a year over the last 3 filed years ranks in the top 1% (its annual reports).

What it rests on

  • revenue against the family$27.2Mbottom 15% of its family
  • net margin-275.3%bottom 12% of its family
  • three-year revenue growth1026.5%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.1/10

What are the people in charge doing?

top 49% of 13 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 51st percentile among 13 sector filers · read for its shareholders

From the record

Ur-Energy Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Gili, Matthew David (PRESIDENT, CEO, as filed), filing under that title since 2025-12-29, 10 months (bottom 19% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 8.9 years (top 27%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 39%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 14 peopletop 39% of its family
  • the median years the people in charge have filed8.9 yearstop 27% of its family
  • the chief executive's years on the record11 monthsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.4/10

How much room does it have to grow?

bottom 34% of 42 in its family for room to expand.

weight 22% of this tense · 34th percentile among 42 sector filers · read for itself

From the record

Ur-Energy Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $124 million against no long-term debt tagged leaves 45.5% of its assets as net cash, top 12% of its family; cash from operations less capital spending is -245.3% of revenue (bottom 9%); a gross margin of 0.3% (bottom 4%) (its annual report).

What it rests on

  • cash less debt against assets45.5%top 12% of its family
  • cash from operations less capital spending against revenue-245.3%bottom 9% of its family
  • gross margin0.3%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.1/10

What could actually drive growth from here?

top 49% of 41 in its family for growth drivers.

weight 33% of this tense · 51st percentile among 41 sector filers · read for its customers

From the record

Ur-Energy Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1026.5% a year over the last three filed years against -2.8% over all 7, speeding up (top 1% of its family); the newest year grew -19.3% (bottom 1%); research spending grew -21.4% a year (bottom 13%); capital spending grew 221.7% a year (top 9%) (its annual reports). Ur-Energy Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+1029.3 points a yeartop 1% of its family
  • the newest year's revenue growth-19.3%bottom 1% of its family
  • three-year growth of research spending-21.4%bottom 13% of its family
  • three-year growth of capital spending221.7%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.9/10

Did its newest year beat what its own record pointed to?

bottom 39% of 38 in its family for expectations against reality.

weight 45% of this tense · 39th percentile among 38 sector filers · read for its shareholders

From the record

Ur-Energy Inc.'s newest year against its own record: revenue of $27 million in fiscal 2025 came in 98.1% below the $1.4 billion its prior three years' pace pointed to (bottom 1% of its family); net income of $75 million against a prior three-year average of $34 million (bottom 18%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 1%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-98.1%bottom 1% of its family
  • net income against the prior three years' average-123%bottom 18% of its family
  • net margin against its prior averageup more than 100 pointstop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton URG · research, not advice