HIGHBuilt-inProduct / Revenue mix
77%
LEU segment
“10-K Item 1: 'Our LEU segment accounted for approximately 77% of our total revenue for the year ended December 31, 2025'”
LEU · Concentration risk · 10-K extracted
Centrus Energy (LEU) concentration risks
Updated
The most significant concentration Centrus Energy discloses is LEU segment at 77%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Centrus Energy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
TENEX
“10-K Item 1A: 'We are currently dependent on purchases from suppliers to meet our obligations to customers, including SWU purchases from the Russian government entity, TENEX'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a high-share product-segment dependency with a moderate, geopolitically sensitive supplier dependency. The LEU segment — encompassing sales of low-enriched uranium for nuclear fuel — accounted for approximately 77% of total revenue for the year ended December 31, 2025, a high-share structural concentration that reflects the company's core business positioning around uranium enrichment services. The structural character means this concentration is inherent to the company's identity rather than a transient revenue mix. Layered on the supply side is a moderate dependency on the Russian government entity TENEX as a source of SWU (separative work unit) purchases, which the company currently relies upon to meet obligations to customers. This dependency carries an idiosyncratic and geopolitical risk dimension that distinguishes it from a typical supplier concentration: supply disruptions arising from sanctions, export restrictions, or bilateral policy decisions could affect the company's ability to source the enrichment services it needs to fulfill customer commitments. Alternative enrichment capacity outside Russia exists but may require time and higher cost to mobilize at scale. Together these two exposures create a profile where the dominant revenue stream depends in part on a supplier that is subject to geopolitical constraints outside the company's control. A disruption in TENEX supply would directly threaten the company's ability to service the customer base that drives that 77% revenue share. Monitoring U.S.-Russia trade and sanctions policy and the availability of non-Russian enrichment capacity are the primary watch items for investors evaluating this profile.
For the engine’s reasoning on LEU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Uranium
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LEU● | Centrus Energy Corp. | 1 | 1 | 0 | 2 |
| UEC | Uranium Energy Corp. | 0 | 0 | 0 | 0 |
| UUUU | Energy Fuels Inc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.