URG UR-ENERGY INC - 10-Q - (2025-11-03)

UR-ENERGY INC. (URG) reported significant financial deterioration for the nine months ended September 30, 2025, characterized by widening net losses and negative gross margins driven by inventory sales mix. Revenue grew 51.6% year-over-year to \(16.8M, but Cost of Sales skyrocketed, swinging gross performance from a \)0.97M profit (9M 2024) to a $1.4M Gross Loss (9M 2025). The Net Loss ballooned to ($59.3M), heavily impacted by a $9.2M Mark to Market (MTM) loss compared to a gain the prior year.

Liquidity tightened substantially; unrestricted cash and equivalents fell to $52.0M from

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