Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 95

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 95
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0)(10)%Uranium revenue— 29.9 (29.9)(100)%Total125.7 169.6 (43.9)(26)%Cost of sales75.0 136.6 (61.6)(45)%Gross profit$50.7 $33.0 $17.7 54 %Technical Solutions segment  Revenue$28.8 $19.4 $9.4 48 %Cost of sales25.6 15.9 9.7 61 %Gross profit$3.2 $3.5 $(0.3)(9)%Total  Revenue$154.5 $189.0 $(34.5)(18)%Cost of sales100.6 152.5 (51.9)(34)%Gross profit$53.9 $36.5 $17.4 48 %

Revenue

Revenue from the LEU segment was $125.7 million and $169.6 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $43.9 million (or 26%). Uranium revenue decreased by $29.9 million as a result of a decrease in the volume of uranium sold. SWU revenue decreased by $14.0 million as a result of a 27% decrease in the volume of SWU sold, partially offset by a 24% increase in the average price of SWU sold. 

Revenue from the Technical Solutions segment was $28.8 million and $19.4 million for the three months ended June 30, 2025 and 2024, respectively, an increase of $9.4 million (or 48%). The increase in revenue is primarily attributable to a $9.1 million increase in revenue generated by the HALEU Operation Contract, while the remaining increase is related to other contracts. Revenue from the HALEU Operation Contract is recorded on a cost-plus-incentive-fee basis and includes a target fee for Phase 2 of the contract.

Cost of Sales

Cost of sales for the LEU segment was $75.0 million and $136.6 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $61.6 million (or 45%). SWU costs decreased as a result of a 27% decrease in the volume of SWU