UROY Uranium Royalty Corp.

Overview and Growth

Fiscal 2026 results for Uranium Royalty Corp. combined $186.81M of revenue with net income of $40.25M and an operating cash inflow of $178.46M. Revenue of $186.81M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Diluted earnings per share were $0.29, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 139.42M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The company employed $373.32M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.5x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $57.11M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 30.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $48.32M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 25.9% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $40.25M, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 21.5% of revenue, connecting the absolute net income figure with the company’s top-line scale. EBITDA was $48.43M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. Before income taxes, the company reported $54.64M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 29.2%, adding a pre-tax profitability layer between revenue and net income. The company recognized $14.39M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 26.3%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 12.9% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 10.8%, connecting net income with the company’s total asset base. The company moved from a $4.51M net loss in fiscal 2025 to net income of $40.25M.

Liquidity and Capital Structure

Total assets were $373.32M, supported by $60.55M of liabilities and $312.77M of shareholder equity. At period end, current assets of $329.30M compared with current liabilities of $55.48M, defining the company’s short-term resource position. At 5.94x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $241.96M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 436.1%, excluding receivables and other current assets. The equity-to-assets relationship was 83.8%, placing book capital against the total resource base. Liabilities represented 16.2% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 64.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $216.12M in fiscal 2025, the current asset base moved 72.7% and finished higher. Reported equity changed 45.4% from $215.10M in fiscal 2025, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $178.46M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 4.43x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Apr 30, 2026. Analysis generated Oct 21, 2026.