Westwater Resources Inc. Common Stock (WWR)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent profits, turn sales into cash, and sell at a fair price. Westwater is none of those yet. It is trying to build a U.S. graphite business around the Coosa project and the Kellyton plant, but the filed figures show no revenue in the periods I can see. Net losses widened from $7.8 million in fiscal 2023, the year ended 2023-12-31, to $12.7 million in fiscal 2024, the year ended 2024-12-31, and $27.3 million in fiscal 2025, the year ended 2025-12-31; diluted EPS went from -$0.15 to -$0.22 to -$0.32 over those years. In the first half of 2026, the net loss was $4.7 million in fiscal Q1 2026, the quarter ended 2026-03-31, and $4.3 million in fiscal Q2 2026, the quarter ended 2026-06-30. Trailing free cash flow is -$20.7 million against a $56.6 million market cap, a FairStock-calculated FCF yield of -36.6%, so the enterprise consumes capital rather than produces it. The balance sheet has little debt—D/E 0.01—which is a small comfort, but FairStock's Piotroski F-Score of 2/9 and Altman Z-Score of 0.91 point to financial weakness. FairStock-calculated ROE is -19.10% and ROCE is -6.44%. At the 2026-10-13 close of $0.44, FairStock calculates P/B of 0.29, which looks cheap, but book value matters only if the graphite assets can eventually generate cash. There is no proven competitive moat, no revenue, and no Lynch category because of losses in each of the last four years. Until earning power appears, I see a speculative asset play, not a value investment.

In plain English: Westwater Resources is a small U.S. materials company working on graphite for batteries. It has no reported revenue in the filed periods and has lost money for years, with the yearly loss growing to $27.3 million in fiscal 2025. The stock price looks low compared with what its books say its assets are worth, but the business is not yet producing cash, so it remains highly risky.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer