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Metals & mining · Basic Materials · Fiscal year ends Dec 31 · Reports in CAD
Denison Mines reported revenue of CAD 5M in the fiscal year ended Dec 2025, up 22.2% from the year before. Operating income was −CAD 61M, an operating margin of −1247.5%, and net income was −CAD 217M. Operating cash flow of −CAD 68M less capital expenditure of CAD 50M left free cash flow of −CAD 119M.
Ranks among the 22 metals & mining companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Nov 2023 | Dec 2023 | Nov 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 0.0 | 1.9 | 0.0 | 4.0 | 4.9 |
| Selling, general & admin | – | 13.8 | – | 16.5 | – |
| Operating income | – | 92.5 | – | −94.5 | −61.4 |
| Interest expense | – | 1.1 | – | −2.7 | – |
| Pre-tax income | – | 87.0 | – | −91.8 | −224 |
| Income tax | – | −2.3 | – | 0.2 | 6.6 |
| Net income | – | 90.4 | – | −91.1 | −217 |
| Diluted shares | – | 854 | – | 892 | 897 |
| Fiscal year | Nov 2023 | Dec 2023 | Nov 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | – | 131 | – | 109 | 466 |
| Receivables | – | 1.9 | – | 3.1 | 5.3 |
| Inventory | – | 3.6 | – | 3.7 | 12.3 |
| Current assets | – | 149 | – | 124 | 560 |
| Total assets | – | 727 | – | 664 | 1,106 |
| Payables | – | 10.8 | – | 21.3 | 20.0 |
| Deferred revenue | – | – | – | 4.5 | 4.5 |
| Current liabilities | – | 17.9 | – | 33.9 | 52.1 |
| Total liabilities | – | 84.8 | – | 99.3 | 738 |
| Shareholders' equity | – | 642 | – | 564 | 368 |
| Fiscal year | Nov 2023 | Dec 2023 | Nov 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | – | −30.7 | – | −40.4 | −68.1 |
| Capital expenditure | – | 3.2 | – | 7.7 | 50.5 |
| Free cash flow | – | −33.9 | – | −48.1 | −119 |
| Depreciation & amortisation | – | 9.4 | – | 9.9 | 17.8 |
| Stock-based compensation | – | 3.7 | – | 4.7 | 4.7 |
| Fiscal year | Nov 2023 | Dec 2023 | Nov 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | – | −100.0% | – | 22.2% |
| Operating margin | – | 4985.6% | – | −2349.0% | −1247.5% |
| Net margin | – | 4872.0% | – | −2265.0% | −4418.2% |
| Return on equityBlank when equity is negative | – | 14.1% | – | −16.1% | −59.0% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 13.1% | – | −15.0% | −5.8% |
| Free cash flow margin | – | −1827.5% | – | −1195.0% | −2412.4% |
| Cash conversion (CFO ÷ net income) | – | −0.34x | – | 0.44x | 0.31x |
| Receivable days | – | 376 | – | 279 | 396 |
| Interest cover | – | 87.1x | – | 35.6x | – |
| Current ratio | – | 8.28x | – | 3.65x | 10.7x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.