Denison Mines Corp. (DNN) 10-Year Financial Performance & Capital Metrics

DNN • • Industrial / General

EnergyUraniumExploration & Development CompaniesAthabasca Basin Developers

AboutDenison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was founded in 1997 and is headquartered in Toronto, Canada.Show more

Revenue $4M +116.9%
EBITDA -$53M -155.4%
Net Income -$91M -200.8%
EPS (Diluted) -0.10 -200.0%
Gross Margin -19.69% +80.3%
EBITDA Margin -1327.22% -125.5%
Operating Margin -1574.02%
Net Margin -2264.95% -146.5%
ROE -15.11% -190.1%
ROIC -9.83%
Debt/Equity -
Interest Coverage -586.32

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 91 (top 9%)
✓Healthy 5Y average net margin of 549.8%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 23.7% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.7%

5Y-23.69%

3Y-41.41%

TTM284.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-620.35%

EPS CAGR

10Y-

5Y-

3Y-

TTM-693.95%

ROCE

10Y Avg-7.84%

5Y Avg-7.64%

3Y Avg-8.41%

Latest-9.46%

Peer Comparison

Athabasca Basin Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
ISOUIsoEnergy Ltd.	596.46M	10.86	-7.24			-7.76%	0.10
DNNDenison Mines Corp.	3.19B	3.55	-35.50	116.87%	-40.18%	-48.52%
NXENexGen Energy Ltd.	7.67B	11.72	-83.71			-18.89%	0.39

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.58M	18.59M	13.94M	15.55M	15.55M	14.42M	20M	8.97M	1.85M	4.02M
Revenue Growth %	0.57%	0.06%	-0.25%	0.12%	-0%	-0.07%	0.39%	-0.55%	-0.79%	1.17%
Cost of Goods Sold+	17.09M	14.09M	13.17M	15.76M	14.22M	10.34M	12.62M	5.11M	3.71M	4.82M
COGS % of Revenue	0.97%	0.76%	0.94%	1.01%	0.91%	0.72%	0.63%	0.57%	2%	1.2%
Gross Profit+	496.79K	4.5M	773.36K	-209K	1.32M	4.09M	7.38M	3.87M	-1.85M	-792K
Gross Margin %	0.03%	0.24%	0.06%	-0.01%	0.09%	0.28%	0.37%	0.43%	-1%	-0.2%
Gross Profit Growth %	1.21%	8.07%	-0.83%	-1.27%	7.34%	2.08%	0.81%	-0.48%	-1.48%	0.57%
Operating Expenses+	29.51M	21.29M	24.95M	24.15M	25.47M	4.09M	30.73M	40.38M	-1.85M	62.53M
OpEx % of Revenue	1.68%	1.14%	1.79%	1.55%	1.64%	0.28%	1.54%	4.5%	-1%	15.54%
Selling, General & Admin	8.99M	5.94M	7.37M	7.19M	7.81M	7.62M	9.69M	12.59M	13.76M	16.5M
SG&A % of Revenue	0.51%	0.32%	0.53%	0.46%	0.5%	0.53%	0.48%	1.4%	7.42%	4.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	20.52M	15.35M	17.58M	16.96M	17.66M	-3.54M	21.04M	27.8M	-15.62M	46.04M
Operating Income+	-29.58M	-17.89M	-21.75M	-24.36M	-24.14M	0	-23.35M	-36.51M	0	-63.32M
Operating Margin %	-1.68%	-0.96%	-1.56%	-1.57%	-1.55%	-	-1.17%	-4.07%	-	-15.74%
Operating Income Growth %	-0.07%	0.4%	-0.22%	-0.12%	0.01%	1%	-	-0.56%	1%	-
EBITDA+	-24.55M	-12.48M	-15.9M	-15.78M	-15.43M	-6.82M	-15.96M	-27.85M	96.46M	-53.39M
EBITDA Margin %	-1.4%	-0.67%	-1.14%	-1.01%	-0.99%	-0.47%	-0.8%	-3.1%	52%	-13.27%
EBITDA Growth %	0.03%	0.49%	-0.27%	0.01%	0.02%	0.56%	-1.34%	-0.74%	4.46%	-1.55%
D&A (Non-Cash Add-back)	5.03M	5.41M	5.86M	8.59M	8.71M	7.14M	7.38M	8.67M	9.39M	9.93M
EBIT	-90.77M	-20.93M	-22.21M	-34.98M	-20.16M	-13.97M	20.15M	10.36M	87.07M	-91.72M
Net Interest Income+	169.3K	123.66K	177.31K	-2.34M	-2.76M	-2.88M	-2.78M	1.36M	4.14M	7.61M
Interest Income	303.9K	237.91K	255.27K	1.05M	594K	291K	383K	1.42M	4.19M	7.72M
Interest Expense	134.6K	114.25K	77.97K	3.39M	3.36M	3.17M	3.17M	60K	52K	108K
Other Income/Expense	-61.35M	-3.15M	-536.95K	-14.01M	625K	-17.14M	40.33M	46.82M	87.02M	-28.5M
Pretax Income+	-90.9M	-21.04M	-22.29M	-38.37M	-23.52M	-17.14M	16.98M	10.3M	87.02M	-91.83M
Pretax Margin %	-5.17%	-1.13%	-1.6%	-2.47%	-1.51%	-1.19%	0.85%	1.15%	46.91%	-22.83%
Income Tax+	-5.23M	-5.32M	-4.57M	-8.29M	-5.38M	-860K	-2M	-2.27M	-2.34M	-236K
Effective Tax Rate %	0.79%	1.11%	0.8%	0.78%	0.77%	0.95%	1.12%	1.39%	1.04%	0.99%
Net Income+	-71.55M	-23.31M	-17.82M	-30.08M	-18.14M	-16.28M	18.98M	14.35M	90.38M	-91.12M
Net Margin %	-4.07%	-1.25%	-1.28%	-1.93%	-1.17%	-1.13%	0.95%	1.6%	48.72%	-22.65%
Net Income Growth %	-0.94%	0.67%	0.24%	-0.69%	0.4%	0.1%	2.17%	-0.24%	5.3%	-2.01%
Net Income (Continuing)	-85.67M	-15.72M	-17.71M	-30.08M	-18.14M	-16.28M	18.98M	12.57M	89.36M	-91.59M
Discontinued Operations	0	0	0	0	0	0	0	1.78M	1.01M	471K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.14	-0.04	-0.03	-0.05	-0.03	-0.03	0.02	0.02	0.10	-0.10
EPS Growth %	-0.88%	0.69%	0.27%	-0.66%	0.42%	0.16%	1.77%	-0.14%	4.78%	-2%
EPS (Basic)	-0.14	-0.04	-0.03	-0.05	-0.03	-0.03	0.02	0.02	0.11	-0.10
Diluted Shares Outstanding	513.41M	529.05M	555.26M	564.98M	590.34M	628.44M	793.67M	828.74M	853.97M	892.24M
Basic Shares Outstanding	513.41M	529.05M	555.26M	564.98M	590.34M	628.44M	783.68M	818.89M	848.02M	892.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	28.24M	23M	50.47M	31.71M	12.76M	38.78M	86.86M	67.16M	148.54M	123.72M
Cash & Short-Term Investments	17.55M	15.91M	41.54M	23.21M	6.32M	32.69M	78.44M	58.94M	141.45M	114.81M
Cash Only	7.45M	15.91M	3.64M	23.21M	6.32M	19.62M	64M	50.91M	131.05M	108.52M
Short-Term Investments	10.11M	0	37.9M	0	0	13.07M	14.44M	8.02M	10.4M	6.29M
Accounts Receivable	2.58M	2.41M	4M	2.95M	3.1M	2.65M	3.66M	4.14M	1.91M	3.08M
Days Sales Outstanding	53.58	47.24	104.71	69.29	72.83	67.02	66.72	168.53	376.41	278.99
Inventory	3.13M	3.2M	3.46M	3.58M	2.58M	2.37M	3.45M	2.71M	3.58M	3.75M
Days Inventory Outstanding	66.88	82.91	95.97	83.01	66.33	83.56	99.89	193.98	352.21	283.96
Other Current Assets	4.12M	823.54K	803.39K	1.12M	754.19K	1.08M	0	1.37M	1.59M	2.09M
Total Non-Current Assets+	267M	269.24M	276.57M	280.48M	245.5M	242.09M	423.43M	448.64M	578.06M	539.89M
Property, Plant & Equipment	261.23M	252.67M	249.59M	258.29M	198.39M	201.62M	254.46M	253.5M	254.95M	259.66M
Fixed Asset Turnover	0.07x	0.07x	0.06x	0.06x	0.08x	0.07x	0.08x	0.04x	0.01x	0.02x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	148.48K	0	0	0	0	0	0	0	0	0
Long-Term Investments	688.29K	11.36M	12.66M	7.84M	18.58M	9.66M	154.65M	181.93M	309.79M	266.51M
Other Non-Current Assets	-21.81M	5.21M	14.32M	14.35M	1.62M	1.65M	14.32M	13.2M	13.33M	13.72M
Total Assets+	295.24M	292.24M	327.04M	312.19M	258.26M	280.87M	510.28M	515.8M	726.6M	663.61M
Asset Turnover	0.06x	0.06x	0.04x	0.05x	0.06x	0.05x	0.04x	0.02x	0.00x	0.01x
Asset Growth %	-0.18%	-0.01%	0.12%	-0.05%	-0.17%	0.09%	0.82%	0.01%	0.41%	-0.09%
Total Current Liabilities+	10.52M	9.76M	13.83M	12.48M	11.53M	9.29M	16.35M	18.41M	17.95M	33.89M
Accounts Payable	6.35M	5.55M	5.76M	5.55M	6.12M	5.63M	3.45M	5.43M	5.04M	13.29M
Days Payables Outstanding	135.74	143.87	159.57	128.64	156.92	198.94	99.83	388.52	495.55	1.01K
Short-Term Debt	416.31K	370.97K	0	0	362.44K	188.38K	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.75M	3.83M	4.93M	2.36M	1.4M	646.78K	3.1M	3.2M	2.59M	8.06M
Current Ratio	2.69x	2.36x	3.65x	2.54x	1.11x	4.17x	5.31x	3.65x	8.28x	3.65x
Quick Ratio	2.39x	2.03x	3.40x	2.25x	0.88x	3.92x	5.10x	3.50x	8.08x	3.54x
Cash Conversion Cycle	-15.28	-13.72	41.11	23.66	-17.77	-48.36	66.78	-26.02	233.07	-444.42
Total Non-Current Liabilities+	52.91M	49.56M	81.89M	77.45M	84.68M	93.18M	97.24M	61.37M	66.87M	65.4M
Long-Term Debt	0	0	0	0	21.59K	18.84K	0	0	0	0
Capital Lease Obligations	0	0	0	0	388.66K	275.51K	0	0	0	0
Deferred Tax Liabilities	22.85M	20.19M	17.83M	12.96M	33.8M	36.37M	7.22M	4.95M	2.61M	2.37M
Other Non-Current Liabilities	30.06M	29.37M	29.88M	31.33M	25.99M	30.5M	58.17M	28.04M	33.84M	33.54M
Total Liabilities	63.42M	60.1M	95.72M	89.94M	96.2M	102.47M	113.59M	79.78M	84.82M	99.29M
Total Debt+	416.31K	370.97K	0	0	772.7K	482.73K	0	0	0	0
Net Debt	-7.03M	-15.54M	-3.64M	-23.21M	-5.54M	-19.13M	-64M	-50.91M	-131.05M	-108.52M
Debt / Equity	0.00x	0.00x	-	-	0.00x	0.00x	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-1.36x	-
Interest Coverage	-219.79x	-156.57x	-279.00x	-7.19x	-7.19x	-	-7.37x	-608.55x	-	-586.32x
Total Equity+	231.82M	232.14M	231.32M	222.25M	162.06M	178.4M	396.69M	436.02M	641.78M	564.32M
Equity Growth %	-0.22%	0%	-0%	-0.04%	-0.27%	0.1%	1.22%	0.1%	0.47%	-0.12%
Book Value per Share	0.45	0.44	0.42	0.39	0.27	0.28	0.50	0.53	0.75	0.63
Total Shareholders' Equity	231.82M	232.14M	231.32M	222.25M	162.06M	178.4M	396.69M	436.02M	641.78M	564.32M
Common Stock	1.57B	1.53B	1.45B	1.33B	1.03B	1.07B	1.52B	1.54B	1.66B	1.67B
Retained Earnings	-1.31B	-1.29B	-1.23B	-1.17B	-919.46M	-948.66M	-1.19B	-1.18B	-1.08B	-1.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-102.12M	-81.7M	-60.19M	1.13M	1.21M	1.39M	1.78M	1.78M	1.82M	1.82M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.61M	-10.93M	15.57M	-20.95M	-14.5M	-13.48M	-21.25M	-27.9M	-30.67M	-40.38M
Operating CF Margin %	-1.4%	-0.59%	1.12%	-1.35%	-0.93%	-0.93%	-1.06%	-3.11%	-16.53%	-10.04%
Operating CF Growth %	0.1%	0.56%	2.42%	-2.35%	0.31%	0.07%	-0.58%	-0.31%	-0.1%	-0.32%
Net Income	-71.55M	-23.31M	-17.82M	-30.08M	-13.99M	-16.28M	18.98M	12.46M	89.36M	-91.12M
Depreciation & Amortization	5.03M	5.41M	5.82M	8.59M	4.12M	2.22M	7.38M	5.54M	5.81M	0
Stock-Based Compensation	815.84K	457.9K	1.3M	1.83M	0	1.83M	2.83M	0	3.75M	4.66M
Deferred Taxes	-5.23M	-5.32M	-4.57M	-8.29M	-4.15M	-860K	-2M	-2.25M	-2.34M	-236K
Other Non-Cash Items	42.69M	9.49M	32.84M	6.64M	-2.22M	-85K	-48.24M	-45.37M	-129.12M	38.65M
Working Capital Changes	3.63M	2.34M	-2M	355K	1.74M	-307K	-199K	1.73M	1.87M	7.67M
Change in Receivables	4.5M	3.39M	-1.59M	968K	-155K	649K	-282K	-507.5K	2.23M	-823K
Change in Inventory	-863.14K	-90.06K	-409K	-186K	178.91K	220K	-410K	734.48K	-866K	-165K
Change in Payables	0	-959.24K	0	0	1.84M	-754K	0	1.37M	759K	0
Cash from Investing+	-7.52M	7.78M	-44.64M	35.97M	-710.24K	305K	-99M	-6.7M	-719K	426K
Capital Expenditures	-2.76M	-1.7M	-1.05M	-1.57M	-716.41K	-278K	-1.23M	-6.81M	-3.23M	-7.69M
CapEx % of Revenue	0.16%	0.09%	0.08%	0.1%	0.05%	0.02%	0.06%	0.76%	1.74%	1.91%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-320.56K	-188.17K	-8.38M	-250K	192.79K	-24K	-20.34M	0	-1K	-153K
Cash from Financing+	16.66M	11.83M	17.28M	4.55M	3.63M	30.51M	159.82M	20.77M	111.18M	15.15M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	570.34K	-467.75K	-266.59K	0	0	-319K	6.06M	0	3.53M	1.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-27.37M	-12.63M	14.52M	-22.52M	-15.21M	-13.76M	-22.48M	-34.71M	-33.9M	-48.07M
FCF Margin %	-1.56%	-0.68%	1.04%	-1.45%	-0.98%	-0.95%	-1.12%	-3.87%	-18.28%	-11.95%
FCF Growth %	0.03%	0.54%	2.15%	-2.55%	0.32%	0.1%	-0.63%	-0.54%	0.02%	-0.42%
FCF per Share	-0.05	-0.02	0.03	-0.04	-0.03	-0.02	-0.03	-0.04	-0.04	-0.05
FCF Conversion (FCF/Net Income)	0.34x	0.47x	-0.87x	0.70x	0.80x	0.83x	-1.12x	-1.94x	-0.34x	0.44x
Interest Paid	0	0	0	0	0	0	2K	6K	0	5K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-27.05%	-10.05%	-7.69%	-13.26%	-9.44%	-9.57%	6.6%	3.45%	16.77%	-15.11%
Return on Invested Capital (ROIC)	-8.87%	-6.08%	-7.34%	-8.56%	-10.18%	-	-7.12%	-7.63%	-	-9.83%
Gross Margin	2.83%	24.22%	5.55%	-1.34%	8.52%	28.33%	36.9%	43.11%	-100%	-19.69%
Net Margin	-406.95%	-125.37%	-127.81%	-193.42%	-116.67%	-112.9%	94.88%	159.97%	4871.97%	-2264.95%
Debt / Equity	0.00x	0.00x	-	-	0.00x	0.00x	-	-	-	-
Interest Coverage	-219.79x	-156.57x	-279.00x	-7.19x	-7.19x	-	-7.37x	-608.55x	-	-586.32x
FCF Conversion	0.34x	0.47x	-0.87x	0.70x	0.80x	0.83x	-1.12x	-1.94x	-0.34x	0.44x
Revenue Growth	57.46%	5.75%	-25.03%	11.55%	-0.01%	-7.24%	38.67%	-55.13%	-79.33%	116.87%

Frequently Asked Questions

Growth & Financials

Denison Mines Corp. (DNN) reported $4.9M in revenue for fiscal year 2024. This represents a 95% decrease from $98.8M in 2011.

Denison Mines Corp. (DNN) grew revenue by 116.9% over the past year. This is strong growth.

Denison Mines Corp. (DNN) reported a net loss of $195.5M for fiscal year 2024.

Dividend & Returns

Denison Mines Corp. (DNN) has a return on equity (ROE) of -15.1%. Negative ROE indicates the company is unprofitable.

Denison Mines Corp. (DNN) had negative free cash flow of $89.3M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Denison Mines Corp. (DNN) 10-Year Financial Performance & Capital Metrics

DNN • • Industrial / General

EnergyUraniumExploration & Development CompaniesAthabasca Basin Developers

Revenue $4M +116.9%
EBITDA -$53M -155.4%
Net Income -$91M -200.8%
EPS (Diluted) -0.10 -200.0%
Gross Margin -19.69% +80.3%
EBITDA Margin -1327.22% -125.5%
Operating Margin -1574.02%
Net Margin -2264.95% -146.5%
ROE -15.11% -190.1%
ROIC -9.83%
Debt/Equity -
Interest Coverage -586.32

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 91 (top 9%)
✓Healthy 5Y average net margin of 549.8%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 23.7% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.7%

5Y-23.69%

3Y-41.41%

TTM284.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-620.35%

EPS CAGR

10Y-

5Y-

3Y-

TTM-693.95%

ROCE

10Y Avg-7.84%

5Y Avg-7.64%

3Y Avg-8.41%

Latest-9.46%

Peer Comparison

Athabasca Basin Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
ISOUIsoEnergy Ltd.	596.46M	10.86	-7.24			-7.76%	0.10
DNNDenison Mines Corp.	3.19B	3.55	-35.50	116.87%	-40.18%	-48.52%
NXENexGen Energy Ltd.	7.67B	11.72	-83.71			-18.89%	0.39

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.58M	18.59M	13.94M	15.55M	15.55M	14.42M	20M	8.97M	1.85M	4.02M
Revenue Growth %	0.57%	0.06%	-0.25%	0.12%	-0%	-0.07%	0.39%	-0.55%	-0.79%	1.17%
Cost of Goods Sold+	17.09M	14.09M	13.17M	15.76M	14.22M	10.34M	12.62M	5.11M	3.71M	4.82M
COGS % of Revenue	0.97%	0.76%	0.94%	1.01%	0.91%	0.72%	0.63%	0.57%	2%	1.2%
Gross Profit+	496.79K	4.5M	773.36K	-209K	1.32M	4.09M	7.38M	3.87M	-1.85M	-792K
Gross Margin %	0.03%	0.24%	0.06%	-0.01%	0.09%	0.28%	0.37%	0.43%	-1%	-0.2%
Gross Profit Growth %	1.21%	8.07%	-0.83%	-1.27%	7.34%	2.08%	0.81%	-0.48%	-1.48%	0.57%
Operating Expenses+	29.51M	21.29M	24.95M	24.15M	25.47M	4.09M	30.73M	40.38M	-1.85M	62.53M
OpEx % of Revenue	1.68%	1.14%	1.79%	1.55%	1.64%	0.28%	1.54%	4.5%	-1%	15.54%
Selling, General & Admin	8.99M	5.94M	7.37M	7.19M	7.81M	7.62M	9.69M	12.59M	13.76M	16.5M
SG&A % of Revenue	0.51%	0.32%	0.53%	0.46%	0.5%	0.53%	0.48%	1.4%	7.42%	4.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	20.52M	15.35M	17.58M	16.96M	17.66M	-3.54M	21.04M	27.8M	-15.62M	46.04M
Operating Income+	-29.58M	-17.89M	-21.75M	-24.36M	-24.14M	0	-23.35M	-36.51M	0	-63.32M
Operating Margin %	-1.68%	-0.96%	-1.56%	-1.57%	-1.55%	-	-1.17%	-4.07%	-	-15.74%
Operating Income Growth %	-0.07%	0.4%	-0.22%	-0.12%	0.01%	1%	-	-0.56%	1%	-
EBITDA+	-24.55M	-12.48M	-15.9M	-15.78M	-15.43M	-6.82M	-15.96M	-27.85M	96.46M	-53.39M
EBITDA Margin %	-1.4%	-0.67%	-1.14%	-1.01%	-0.99%	-0.47%	-0.8%	-3.1%	52%	-13.27%
EBITDA Growth %	0.03%	0.49%	-0.27%	0.01%	0.02%	0.56%	-1.34%	-0.74%	4.46%	-1.55%
D&A (Non-Cash Add-back)	5.03M	5.41M	5.86M	8.59M	8.71M	7.14M	7.38M	8.67M	9.39M	9.93M
EBIT	-90.77M	-20.93M	-22.21M	-34.98M	-20.16M	-13.97M	20.15M	10.36M	87.07M	-91.72M
Net Interest Income+	169.3K	123.66K	177.31K	-2.34M	-2.76M	-2.88M	-2.78M	1.36M	4.14M	7.61M
Interest Income	303.9K	237.91K	255.27K	1.05M	594K	291K	383K	1.42M	4.19M	7.72M
Interest Expense	134.6K	114.25K	77.97K	3.39M	3.36M	3.17M	3.17M	60K	52K	108K
Other Income/Expense	-61.35M	-3.15M	-536.95K	-14.01M	625K	-17.14M	40.33M	46.82M	87.02M	-28.5M
Pretax Income+	-90.9M	-21.04M	-22.29M	-38.37M	-23.52M	-17.14M	16.98M	10.3M	87.02M	-91.83M
Pretax Margin %	-5.17%	-1.13%	-1.6%	-2.47%	-1.51%	-1.19%	0.85%	1.15%	46.91%	-22.83%
Income Tax+	-5.23M	-5.32M	-4.57M	-8.29M	-5.38M	-860K	-2M	-2.27M	-2.34M	-236K
Effective Tax Rate %	0.79%	1.11%	0.8%	0.78%	0.77%	0.95%	1.12%	1.39%	1.04%	0.99%
Net Income+	-71.55M	-23.31M	-17.82M	-30.08M	-18.14M	-16.28M	18.98M	14.35M	90.38M	-91.12M
Net Margin %	-4.07%	-1.25%	-1.28%	-1.93%	-1.17%	-1.13%	0.95%	1.6%	48.72%	-22.65%
Net Income Growth %	-0.94%	0.67%	0.24%	-0.69%	0.4%	0.1%	2.17%	-0.24%	5.3%	-2.01%
Net Income (Continuing)	-85.67M	-15.72M	-17.71M	-30.08M	-18.14M	-16.28M	18.98M	12.57M	89.36M	-91.59M
Discontinued Operations	0	0	0	0	0	0	0	1.78M	1.01M	471K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.14	-0.04	-0.03	-0.05	-0.03	-0.03	0.02	0.02	0.10	-0.10
EPS Growth %	-0.88%	0.69%	0.27%	-0.66%	0.42%	0.16%	1.77%	-0.14%	4.78%	-2%
EPS (Basic)	-0.14	-0.04	-0.03	-0.05	-0.03	-0.03	0.02	0.02	0.11	-0.10
Diluted Shares Outstanding	513.41M	529.05M	555.26M	564.98M	590.34M	628.44M	793.67M	828.74M	853.97M	892.24M
Basic Shares Outstanding	513.41M	529.05M	555.26M	564.98M	590.34M	628.44M	783.68M	818.89M	848.02M	892.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	28.24M	23M	50.47M	31.71M	12.76M	38.78M	86.86M	67.16M	148.54M	123.72M
Cash & Short-Term Investments	17.55M	15.91M	41.54M	23.21M	6.32M	32.69M	78.44M	58.94M	141.45M	114.81M
Cash Only	7.45M	15.91M	3.64M	23.21M	6.32M	19.62M	64M	50.91M	131.05M	108.52M
Short-Term Investments	10.11M	0	37.9M	0	0	13.07M	14.44M	8.02M	10.4M	6.29M
Accounts Receivable	2.58M	2.41M	4M	2.95M	3.1M	2.65M	3.66M	4.14M	1.91M	3.08M
Days Sales Outstanding	53.58	47.24	104.71	69.29	72.83	67.02	66.72	168.53	376.41	278.99
Inventory	3.13M	3.2M	3.46M	3.58M	2.58M	2.37M	3.45M	2.71M	3.58M	3.75M
Days Inventory Outstanding	66.88	82.91	95.97	83.01	66.33	83.56	99.89	193.98	352.21	283.96
Other Current Assets	4.12M	823.54K	803.39K	1.12M	754.19K	1.08M	0	1.37M	1.59M	2.09M
Total Non-Current Assets+	267M	269.24M	276.57M	280.48M	245.5M	242.09M	423.43M	448.64M	578.06M	539.89M
Property, Plant & Equipment	261.23M	252.67M	249.59M	258.29M	198.39M	201.62M	254.46M	253.5M	254.95M	259.66M
Fixed Asset Turnover	0.07x	0.07x	0.06x	0.06x	0.08x	0.07x	0.08x	0.04x	0.01x	0.02x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	148.48K	0	0	0	0	0	0	0	0	0
Long-Term Investments	688.29K	11.36M	12.66M	7.84M	18.58M	9.66M	154.65M	181.93M	309.79M	266.51M
Other Non-Current Assets	-21.81M	5.21M	14.32M	14.35M	1.62M	1.65M	14.32M	13.2M	13.33M	13.72M
Total Assets+	295.24M	292.24M	327.04M	312.19M	258.26M	280.87M	510.28M	515.8M	726.6M	663.61M
Asset Turnover	0.06x	0.06x	0.04x	0.05x	0.06x	0.05x	0.04x	0.02x	0.00x	0.01x
Asset Growth %	-0.18%	-0.01%	0.12%	-0.05%	-0.17%	0.09%	0.82%	0.01%	0.41%	-0.09%
Total Current Liabilities+	10.52M	9.76M	13.83M	12.48M	11.53M	9.29M	16.35M	18.41M	17.95M	33.89M
Accounts Payable	6.35M	5.55M	5.76M	5.55M	6.12M	5.63M	3.45M	5.43M	5.04M	13.29M
Days Payables Outstanding	135.74	143.87	159.57	128.64	156.92	198.94	99.83	388.52	495.55	1.01K
Short-Term Debt	416.31K	370.97K	0	0	362.44K	188.38K	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	3.75M	3.83M	4.93M	2.36M	1.4M	646.78K	3.1M	3.2M	2.59M	8.06M
Current Ratio	2.69x	2.36x	3.65x	2.54x	1.11x	4.17x	5.31x	3.65x	8.28x	3.65x
Quick Ratio	2.39x	2.03x	3.40x	2.25x	0.88x	3.92x	5.10x	3.50x	8.08x	3.54x
Cash Conversion Cycle	-15.28	-13.72	41.11	23.66	-17.77	-48.36	66.78	-26.02	233.07	-444.42
Total Non-Current Liabilities+	52.91M	49.56M	81.89M	77.45M	84.68M	93.18M	97.24M	61.37M	66.87M	65.4M
Long-Term Debt	0	0	0	0	21.59K	18.84K	0	0	0	0
Capital Lease Obligations	0	0	0	0	388.66K	275.51K	0	0	0	0
Deferred Tax Liabilities	22.85M	20.19M	17.83M	12.96M	33.8M	36.37M	7.22M	4.95M	2.61M	2.37M
Other Non-Current Liabilities	30.06M	29.37M	29.88M	31.33M	25.99M	30.5M	58.17M	28.04M	33.84M	33.54M
Total Liabilities	63.42M	60.1M	95.72M	89.94M	96.2M	102.47M	113.59M	79.78M	84.82M	99.29M
Total Debt+	416.31K	370.97K	0	0	772.7K	482.73K	0	0	0	0
Net Debt	-7.03M	-15.54M	-3.64M	-23.21M	-5.54M	-19.13M	-64M	-50.91M	-131.05M	-108.52M
Debt / Equity	0.00x	0.00x	-	-	0.00x	0.00x	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-1.36x	-
Interest Coverage	-219.79x	-156.57x	-279.00x	-7.19x	-7.19x	-	-7.37x	-608.55x	-	-586.32x
Total Equity+	231.82M	232.14M	231.32M	222.25M	162.06M	178.4M	396.69M	436.02M	641.78M	564.32M
Equity Growth %	-0.22%	0%	-0%	-0.04%	-0.27%	0.1%	1.22%	0.1%	0.47%	-0.12%
Book Value per Share	0.45	0.44	0.42	0.39	0.27	0.28	0.50	0.53	0.75	0.63
Total Shareholders' Equity	231.82M	232.14M	231.32M	222.25M	162.06M	178.4M	396.69M	436.02M	641.78M	564.32M
Common Stock	1.57B	1.53B	1.45B	1.33B	1.03B	1.07B	1.52B	1.54B	1.66B	1.67B
Retained Earnings	-1.31B	-1.29B	-1.23B	-1.17B	-919.46M	-948.66M	-1.19B	-1.18B	-1.08B	-1.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-102.12M	-81.7M	-60.19M	1.13M	1.21M	1.39M	1.78M	1.78M	1.82M	1.82M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.61M	-10.93M	15.57M	-20.95M	-14.5M	-13.48M	-21.25M	-27.9M	-30.67M	-40.38M
Operating CF Margin %	-1.4%	-0.59%	1.12%	-1.35%	-0.93%	-0.93%	-1.06%	-3.11%	-16.53%	-10.04%
Operating CF Growth %	0.1%	0.56%	2.42%	-2.35%	0.31%	0.07%	-0.58%	-0.31%	-0.1%	-0.32%
Net Income	-71.55M	-23.31M	-17.82M	-30.08M	-13.99M	-16.28M	18.98M	12.46M	89.36M	-91.12M
Depreciation & Amortization	5.03M	5.41M	5.82M	8.59M	4.12M	2.22M	7.38M	5.54M	5.81M	0
Stock-Based Compensation	815.84K	457.9K	1.3M	1.83M	0	1.83M	2.83M	0	3.75M	4.66M
Deferred Taxes	-5.23M	-5.32M	-4.57M	-8.29M	-4.15M	-860K	-2M	-2.25M	-2.34M	-236K
Other Non-Cash Items	42.69M	9.49M	32.84M	6.64M	-2.22M	-85K	-48.24M	-45.37M	-129.12M	38.65M
Working Capital Changes	3.63M	2.34M	-2M	355K	1.74M	-307K	-199K	1.73M	1.87M	7.67M
Change in Receivables	4.5M	3.39M	-1.59M	968K	-155K	649K	-282K	-507.5K	2.23M	-823K
Change in Inventory	-863.14K	-90.06K	-409K	-186K	178.91K	220K	-410K	734.48K	-866K	-165K
Change in Payables	0	-959.24K	0	0	1.84M	-754K	0	1.37M	759K	0
Cash from Investing+	-7.52M	7.78M	-44.64M	35.97M	-710.24K	305K	-99M	-6.7M	-719K	426K
Capital Expenditures	-2.76M	-1.7M	-1.05M	-1.57M	-716.41K	-278K	-1.23M	-6.81M	-3.23M	-7.69M
CapEx % of Revenue	0.16%	0.09%	0.08%	0.1%	0.05%	0.02%	0.06%	0.76%	1.74%	1.91%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-320.56K	-188.17K	-8.38M	-250K	192.79K	-24K	-20.34M	0	-1K	-153K
Cash from Financing+	16.66M	11.83M	17.28M	4.55M	3.63M	30.51M	159.82M	20.77M	111.18M	15.15M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	570.34K	-467.75K	-266.59K	0	0	-319K	6.06M	0	3.53M	1.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-27.37M	-12.63M	14.52M	-22.52M	-15.21M	-13.76M	-22.48M	-34.71M	-33.9M	-48.07M
FCF Margin %	-1.56%	-0.68%	1.04%	-1.45%	-0.98%	-0.95%	-1.12%	-3.87%	-18.28%	-11.95%
FCF Growth %	0.03%	0.54%	2.15%	-2.55%	0.32%	0.1%	-0.63%	-0.54%	0.02%	-0.42%
FCF per Share	-0.05	-0.02	0.03	-0.04	-0.03	-0.02	-0.03	-0.04	-0.04	-0.05
FCF Conversion (FCF/Net Income)	0.34x	0.47x	-0.87x	0.70x	0.80x	0.83x	-1.12x	-1.94x	-0.34x	0.44x
Interest Paid	0	0	0	0	0	0	2K	6K	0	5K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-27.05%	-10.05%	-7.69%	-13.26%	-9.44%	-9.57%	6.6%	3.45%	16.77%	-15.11%
Return on Invested Capital (ROIC)	-8.87%	-6.08%	-7.34%	-8.56%	-10.18%	-	-7.12%	-7.63%	-	-9.83%
Gross Margin	2.83%	24.22%	5.55%	-1.34%	8.52%	28.33%	36.9%	43.11%	-100%	-19.69%
Net Margin	-406.95%	-125.37%	-127.81%	-193.42%	-116.67%	-112.9%	94.88%	159.97%	4871.97%	-2264.95%
Debt / Equity	0.00x	0.00x	-	-	0.00x	0.00x	-	-	-	-
Interest Coverage	-219.79x	-156.57x	-279.00x	-7.19x	-7.19x	-	-7.37x	-608.55x	-	-586.32x
FCF Conversion	0.34x	0.47x	-0.87x	0.70x	0.80x	0.83x	-1.12x	-1.94x	-0.34x	0.44x
Revenue Growth	57.46%	5.75%	-25.03%	11.55%	-0.01%	-7.24%	38.67%	-55.13%	-79.33%	116.87%

Frequently Asked Questions

Growth & Financials

Denison Mines Corp. (DNN) reported $4.9M in revenue for fiscal year 2024. This represents a 95% decrease from $98.8M in 2011.

Denison Mines Corp. (DNN) grew revenue by 116.9% over the past year. This is strong growth.

Denison Mines Corp. (DNN) reported a net loss of $195.5M for fiscal year 2024.

Dividend & Returns

Denison Mines Corp. (DNN) has a return on equity (ROE) of -15.1%. Negative ROE indicates the company is unprofitable.

Denison Mines Corp. (DNN) had negative free cash flow of $89.3M in fiscal year 2024, likely due to heavy capital investments.