| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 36 | — | 17.8x | Bottom tier | |
Growth | 14 | — | 7.1% | Bottom tier | |
Quality | 16 | -15.9% | 4.5% | Bottom tier | |
Safety | 41 | — | 2.6x | Around median | |
Capital Return | 31 | — | 2.12% | Bottom tier | |
Momentum | 45 | 44.1% | 2.9% | Around median | |
Sentiment | 85 | 6 | 3 | Top tier |
NexGen Energy Ltd. is a Canadian company developing the Rook I uranium project in Saskatchewan, and therefore the provided financial statements do not show current operating revenue or a revenue-generating segment mix. Its future economic model is based on building the mine and then selling uranium production to energy utilities under contracts that maintain a strong link to the market price at delivery; as of August 6, 2026, contracted volumes totaled 11.3 million pounds, while 96% of the reserve base remained available for future sale.
In Q2 of fiscal year 2026, the provided data did not disclose revenue, gross profit, or gross margin, while net income was $74.5 million and earnings per share were $0.11. However, the picture for the twelve months ended in 2026 remained loss-making, with a net loss of $253.9 million, negative earnings per share of $0.4205, and a total loss of $992.6 thousand, following a net loss of $309.7 million in fiscal year 2025.
Rook I moved from permitting to execution after receiving final federal approval and commencing the major construction activities announced on August 14, 2026. On the August 6, 2026 call, management said the 3,000-foot runway had been completed, the accommodation complex had entered service, and approximately 300 people were working at the site, with liquidity exceeding C$970 million at the end of Q2 of fiscal year 2026.
Automated analysis for informational purposes only — not investment advice.
The provided analyst consensus is “Buy,” but the valuation is not based on an available price-to-earnings ratio because the company has not achieved positive annual earnings; instead, it is primarily tied to executing Rook I within the C$2.2 billion estimate and to uranium prices upon delivery. The 52-week range of $7.33–$13.96 demonstrates the valuation's broad sensitivity to financing and construction risks, balanced against liquidity exceeding C$970 million and regulatory and commercial progress.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
NexGen plans to sell uranium produced from Rook I to energy utilities through contracts largely linked to the market price upon delivery. As of the August 6, 2026 call, contracted volumes totaled 11.3 million pounds, including a new term sheet to sell 1.3 million pounds to a U.S. utility. Management said 96% of the reserve base remains available for sale, preserving significant exposure to future prices. The provided financial statements do not show current operating revenue because the project is still in the construction phase.
In Q2 of fiscal year 2026, NexGen completed a 3,000-foot runway and commissioned the on-site accommodation complex. Approximately 300 people were working at the site, while the complex has capacity for 770 people, and approximately 575 thousand tonnes of gravel had been crushed. The company's announced plan targeted completion of the 5,840-foot runway in December 2026 and the commissioning of ground freezing in early 2027. On August 14, 2026, the company announced the commencement of major construction activities after receiving final federal approval.
Liquidity exceeded C$970 million at the end of Q2 of fiscal year 2026, compared with a project cost estimate of C$2.2 billion issued in August 2024. Management said heavier spending begins in February and March 2027 and that work completed since Q2 of fiscal year 2026 is deducted from the cost estimate. The company is evaluating project financing, strategic financing, and advance payments from uranium sales to cover the gap. It also said the contract covering more than 50% of construction work was consistent with the estimate issued in August 2024.
NexGen uses contract pricing linked to the spot price or market price upon uranium delivery, and sometimes to a three-month moving average spot price. On the August 6, 2026 call, management cited a spot price near $85 per pound and a five-year price of $105. It also said uranium prices had risen 500% over a decade, while supply grew only 14%. Higher prices may therefore support the economics of Rook I, while lower prices pose a direct risk to the expected return from uncontracted reserves.
Approximately 50% of the planned 42 thousand-meter drilling program had been completed as of August 6, 2026, with about 20 thousand meters remaining. The program focuses on expanding the mineralized footprint and identifying high-grade zones at Patterson Corridor East, approximately 3.5 kilometers from the Arrow site. Management said the drilling results had not yet allowed it to determine the nature of the discovery or the timing of a resource statement. The program therefore represents an opportunity to add future resources, but it remains a source of uncertainty until sufficient results are released.
NexGen recorded net income of $74.5 million and earnings per share of $0.11 in Q2 of fiscal year 2026, with no revenue or gross profit disclosed in the provided data. For the twelve months ended in 2026, the net loss was $253.9 million and negative earnings per share were $0.4205. In fiscal year 2025, the company recorded a net loss of $309.7 million and negative earnings per share of $0.53. These figures reflect that the company remains in a capital development phase before establishing an operating revenue base from Rook I.
