The company remains in a pre-revenue phase, reporting zero revenue over the last ten quarters while sustaining administrative costs that reached $6.5 million in 2025Q4.
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 92.94K | 0 | 0 | 0 | 0 | 29.4K | 62.11K | 62.35K | 6.76K | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -92.94K | 0 | 0 | 0 | 0 | -29.4K | -62.11K | -62.35K | -6.76K | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | 100% | 52.67% | 0.38% | -821.6% | - | - | - |
| Operating Expenses | 17.83M | 4.9M | 44.14M | 20.52M | 8.4M | 14.71M | 9.54M | 2.15M | 2.13M | 2.52M | 2.47M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 20.42M | 19.43M | 17.67M | 9.99M | 10.71M | 6.7M | 2.96M | 2.15M | 2.16M | 2.54M | 2.45M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1.67M | -14.53M | 26.47M | 10.54M | -2.31M | 8.01M | 6.58M | 0 | -26.51K | -25.39K | 21.87K |
| Operating Income | -17.93M | -4.9M | -44.14M | -20.52M | -8.4M | -14.74M | -9.6M | -2.22M | -2.14M | -2.52M | -2.47M |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | 88.91% | -115.08% | -144.35% | 43.01% | -53.49% | -333.13% | -3.49% | 14.86% | -1.86% | - |
| EBITDA | -17.61M | -4.6M | -43.9M | -20.51M | -7.7M | -14.71M | -9.54M | -2.15M | -2.14M | -2.51M | -2.47M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | 41.24% | 89.52% | -114.08% | -166.44% | 47.67% | -54.18% | -342.78% | -0.89% | 14.9% | -1.63% | - |
| D&A (Non-Cash Add-back) | 317.4K | 294.23K | 237.64K | 15.23K | 0 | 29.4K | 62.11K | 62.35K | 6.76K | 6.96K | 1.25K |
| EBIT | -10.92M | -3.95M | -42.76M | -19.29M | -7.7M | -14.09M | -9.34M | -2.14M | -2.14M | -2.54M | -2.47M |
| Net Interest Income | 1.49M | 851.79K | 1.02M | -486K | -595K | -580K | -201K | 44.65K | 26.51K | 25.39K | 0 |
| Interest Income | 2.27M | 1.79M | 2.39M | 747.76K | 107.18K | 66.66K | 57.41K | 56.51K | 26.51K | 25.39K | 0 |
| Interest Expense | 784K | 940.94K | 1.38M | 1.23M | 702K | 647.07K | 257.94K | 11.86K | 0 | 0 | 0 |
| Other Income/Expense | 6.22M | 0 | 0 | 0 | 0 | 0 | 0 | 62.25K | 0 | 0 | 0 |
| Pretax Income | -11.7M | -4.9M | -44.14M | -20.52M | -8.4M | -14.74M | -9.6M | -2.15M | -2.14M | -2.52M | -2.47M |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax | -3.97M | -3.77M | -2.13M | -1.85M | -1.02M | 1.04M | -57.88K | 66.82K | -309K | -33.31K | 75.78K |
| Effective Tax Rate % | 33.88% | 76.99% | 4.83% | 9.02% | 12.2% | -7.08% | 0.6% | -3.1% | 14.43% | 1.32% | -3.07% |
| Net Income | -7.74M | -1.13M | -42.13M | -18.69M | -7.38M | -15.78M | -9.54M | -2.22M | -1.83M | -2.48M | -2.54M |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | 76.04% | 97.33% | -125.45% | -153.41% | 53.27% | -65.37% | -329.63% | -21.25% | 26.22% | 2.44% | - |
| Net Income (Continuing) | -7.74M | -1.13M | -42.01M | -18.67M | -7.38M | -15.78M | -9.54M | -2.22M | -1.83M | -2.48M | -2.54M |
| Discontinued Operations | 0 | 0 | -128K | -17.86K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.13 | -0.02 | -1.50 | -0.85 | -0.38 | -0.82 | -0.56 | -0.16 | -0.15 | -0.31 | -0.65 |
| EPS Growth % | 79.13% | 98.53% | -76.47% | -123.68% | 53.66% | -46.43% | -250% | -6.67% | 51.61% | 52.31% | - |
| EPS (Basic) | - | -0.02 | -1.38 | -0.85 | -0.38 | -0.82 | -0.56 | -0.16 | -0.15 | -0.31 | -0.65 |
| Diluted Shares Outstanding | 58.96M | 51.01M | 47.43M | 28.87M | 26.74M | 24.59M | 21.77M | 17.39M | 13.25M | 10.88M | 5.45M |
| Basic Shares Outstanding | 58.96M | 51.01M | 44.5M | 28.87M | 26.74M | 24.59M | 21.77M | 17.39M | 13.25M | 10.88M | 5.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Exploration and Permitting Uncertainty
As indicated by the company's financial statements, IsoEnergy remains in the exploration and evaluation phase, reporting zero revenue across the last ten quarters, which underscores the speculative nature of its business model as it works to prove the economic viability of the Hurricane deposit.
The absence of top-line growth is consistent with an exploration-stage entity, where value creation is tied to geological milestones rather than commercial sales. Investors should monitor the transition toward potential off-take agreements, as the current lack of revenue necessitates reliance on capital markets for ongoing operations.
Based on reported quarterly figures, SG&A expenses have fluctuated between $3.2 million and $6.5 million, reflecting the variable nature of exploration-related administrative costs and the integration of recent corporate acquisitions that have expanded the company's operational footprint beyond its core Athabasca Basin assets.
The volatility in SG&A suggests that management's expense discipline is heavily influenced by project-specific activity levels and M&A integration requirements. This cost structure warrants further investigation to determine how much of this overhead is essential for maintaining the core asset versus supporting a broader, more complex corporate strategy.
As shown in the income statement, net income has exhibited significant volatility, including a $35.5 million loss in 2024Q4 and a $5.1 million profit in 2025Q1, suggesting that reported earnings are heavily impacted by non-operating items rather than core operational performance or sustainable profitability.
The erratic nature of net income highlights the risks of relying on bottom-line figures for a pre-revenue mining company. Analysts should focus on cash burn and exploration expenditures, as these provide a more accurate reflection of the company's financial health than the accounting-driven fluctuations in net income.
While the company maintains a cash position of approximately $62.8 million, the recent merger with Consolidated Uranium may indicate a shift toward a more complex, multi-jurisdictional strategy that could distract from the high-grade Hurricane deposit, potentially increasing the risk of future dilutive financing requirements.
Short-sellers may focus on the potential for 'diworsification' as the company moves away from its pure-play Athabasca roots. Investors should monitor whether the expanded asset base provides genuine value or merely increases the operational burden and capital requirements during a period of high industry-wide exploration costs.
Quick answers to the most common questions about buying ISOU stock.
For fiscal year 2025, IsoEnergy Ltd. (ISOU) reported total revenue of $0.0M.
IsoEnergy Ltd. (ISOU) reported a net loss of $1.1M for the fiscal year ending 2025.