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Holds royalties, streams and physical uranium, giving investors exposure to uranium prices without operating mines.
Holds royalties, streams and physical uranium, giving investors exposure to uranium prices without operating mines.
Holds royalties and streams, which entitle it to a share of a mine's output or sales revenue without running the mine or paying its costs, and also buys and sells physical uranium for a trading gain. Royalty income starts only when the mines it has interests in come into production, and several are still being developed.
Moat: narrow (scale, process know-how). Diversified portfolio of royalties across multiple uranium projects reduces single-mine operating risk.
Headquarters: Vancouver, British Columbia, Canada · Founded: 2020 · Employees: 14
Size Uranium Royalty (UROY) is a United States Materials company (Other Metals/Minerals) with a market value of $1.16B, the 2154th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.04 on 6 Nov 2026.
Performance Over six months the shares fell 24.0%, against -27.6% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 1,570.5% over the last twelve months (peer median +23.9%); the operating margin is 27.1% (peer median 4.7%).
Valuation It trades at 9.4× enterprise value to sales against a peer median of 1.8× (5th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +162%, so the hurdle is -144 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.6 points below its cost of capital (10.0% WACC).
Next results Next results expected around 16 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | $187M | $11.2M | $31.6M | $10.4M |
| Revenue growth | — | +1,570% | -65% | +203% | — |
| Gross profit | n/a | $57.1M | $1.12M | $9.59M | $673,257 |
| EBITDA | n/a | $50.8M | -$3.36M | $5.26M | -$2.83M |
| Net income | n/a | $40.2M | -$4.06M | $7.24M | -$4.40M |
| Free cash flow | n/a | $178M | -$15.4M | -$77.3M | -$9.59M |
| Capital expenditure | n/a | $763,000 | $8.31M | $55,543 | $1.63M |
| Total debt | $593M | $114,000 | $151,307 | $140,481 | $7.25M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Uranium Royalty UROY | $1.16B | -24% | +1,570% | 27% | 9.4× | 17.4% |
| Royal Gold RGLD | $22.5B | +11% | +94% | 63% | 14.6× | 10.9% |
| Yellow Cake YCA.L | $1.74B | -12% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UROY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.0% | -15.9% | 5th lowest of 21 |
| 6-month return | -24.0% | -27.6% | 10th highest of 20 |
| Distance from 52-week high | -44.9% | -49.9% | 10th highest of 21 |
| Revenue growth (TTM) | +1,570.5% | +23.9% | highest of 16 |
| Operating margin | 27.1% | 4.7% | 4th highest of 17 |
| EV / Sales | 9.4× | 1.8× | 5th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 17.4% | -1.0% | 2nd most demanding of 5 |
| Growth delivered (Del g) | +161.8% | +3.5% | highest of 5 |
| Hurdle (Req g minus delivered) | -144.4 pp | -6.6 pp | least demanding of 5 |
| ROIC minus cost of capital | -7.6 pp | -5.6 pp | 5th lowest of 18 |
| EV / EBITDA | 34.8× | 10.5× | most expensive of 9 |
| Net debt / EBITDA | 9.4× | 0.6× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | 9.4× | 17.4% | +161.8% |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 0.8× | n/a | n/a |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 2.2× | n/a | n/a |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | 1.4× | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 1.3× | n/a | n/a |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 0.6× | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | 328.4× | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | 49.9× | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | 356.1× | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | 11.8× | 32.8% | +6.0% |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | 0.8× | -15.0% | +1.1% |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 1.6× | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 0.9× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 5.6× | n/a | n/a |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 0.8× | 0.2% | +13.0% |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | 3.8× | n/a | n/a |