DENISON MINES CORP.
DNN · Miscellaneous Metal Ores · EDGAR filings ↗
Grade
D46Cash-rich uranium developer with strong liquidity but deeply negative returns and cash burn as it advances projects pre-production.
Strengths
- Top-decile liquidity (current/quick ratio 100th pct) and a large cash/investment balance (90.9th pct) with ~15.7 quarters of runway
- Revenue and net-income growth screen well (80.9th/75th pct) off a small base
Risks
- Deeply negative profitability — net margin -44% (4th pct), operating margin -12% (8th pct), ROE -59% (15th pct)
- Negative FCF (-$87M, 3.9th-pct margin); value is binary on uranium price and project execution
Notable findings
- Net lossNet loss (net margin -4418.2%)
- Cash burnNegative free cash flow (-86.7M)
- Strong balance sheetStrong balance sheet — $340M cash & investments, ~16 quarters of runway
Key metrics
Operating margin
-1247.5%
Net margin
-4418.2%
Return on equity
-59.0%
Return on assets
-19.6%
Revenue growth (QoQ)
28.4%
Current ratio
10.7×
Free cash flow
-$87M
Tangible book value
$269M
Cash & investments
$340M
Cash runway
16q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-30 | 2025-12-31 | 0001104659-26-036912 ↗ |
| 40-F | 2025-03-28 | 2024-12-31 | 0001104659-25-029414 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001104659-24-040470 ↗ |
| 40-F | 2023-03-28 | 2022-12-31 | 0001104659-23-037769 ↗ |
| 40-F | 2022-03-25 | 2021-12-31 | 0001654954-22-003842 ↗ |
| 40-F | 2021-03-29 | 2020-12-31 | 0001654954-21-003407 ↗ |
| 40-F | 2020-03-13 | 2019-12-31 | 0001654954-20-002616 ↗ |
| 40-F | 2019-03-13 | 2018-12-31 | 0001654954-19-002689 ↗ |
| 40-F | 2018-03-28 | 2017-12-31 | 0001654954-18-003269 ↗ |
| 40-F | 2017-03-30 | 2016-12-31 | 0001193125-17-104155 ↗ |
| 40-F | 2016-03-29 | 2015-12-31 | 0001193125-16-521525 ↗ |
| 40-F | 2015-03-12 | 2014-12-31 | 0001062993-15-001288 ↗ |