v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Revenue from External Customers by Geographic Areas
The following table presents SWU and uranium revenue disaggregated by geographical region, including foreign countries representing 10% or more of revenue, based on the billing addresses of customers (in millions):
Year Ended December 31,
202520242023
United States$232.8 $161.3 $230.4 
Foreign:
Japan
102.7 117.2 23.6 
Netherlands
— 42.4 — 
Other
10.7 29.0 15.0 
Total foreign
113.4 188.6 38.6 
      Revenue - SWU and uranium$346.2 $349.9 $269.0 
Revenue by customer location, including customers in a foreign country representing 10% or more of total revenue, follows (in millions):
Year Ended December 31,
202520242023
United States$335.3 $253.4 $281.6 
Foreign:
Japan
102.7 117.2 23.6 
Netherlands
— 42.4 — 
Other
10.7 29.0 15.0 
Total foreign
113.4 188.6 38.6 
      Total revenue$448.7 $442.0 $320.2 
Segment Reporting Information
The following table presents the Company’s segment information (in millions):
 Year Ended December 31,
202520242023
Revenue
LEU segment:
Separative work units$298.7 $246.8 $208.2 
Uranium47.5 103.1 60.8 
Intersegment revenue, eliminated on consolidation12.4 6.4 5.0 
Total358.6 356.3 274.0 
Technical Solutions segment102.5 92.1 51.2 
Total revenue461.1 448.4 325.2 
Elimination of intersegment revenue
(12.4)(6.4)(5.0)
Total revenue
$448.7 $442.0 $320.2 
Cost of Sales
LEU segment:
Separative work units and uranium
$234.7 $256.0 $163.9 
Intersegment cost of sales, eliminated on consolidation10.7 2.1 3.0 
Total245.4 258.1 166.9 
Technical Solutions Segment:
Technical Solutions96.5 74.5 44.2 
Total96.5 74.5 44.2 
Elimination of intersegment cost of sales
(10.7)(2.1)(3.0)
Total cost of sales
$331.2 $330.5 $208.1 
Segment Gross Profit
LEU segment:
LEU segment$111.5 $93.9 $105.1 
Intersegment gross profit, eliminated on consolidation1.7 4.3 2.0 
Total113.2 98.2 107.1 
Technical Solutions segment:
Technical Solutions
6.0 17.6 7.0 
Total6.0 17.6 7.0 
Elimination of intersegment gross profit
(1.7)(4.3)(2.0)
Gross profit$117.5 $111.5 $112.1 
Reconciliation to Income before income taxes
Advanced technology costs$16.9 $17.2 $14.2 
Selling, general and administrative36.2 35.0 36.9 
Equity-related compensation
5.8 1.5 2.3 
Amortization of intangible assets8.4 9.8 6.3 
Nonoperating components of net periodic benefit loss (income)6.8 (14.7)(23.2)
Interest expense14.0 2.7 1.3 
Investment income(44.7)(12.9)(8.7)
Extinguishment of long-term debt
(11.8)— — 
Other income, net— (0.1)(1.5)
Income before income taxes$85.9 $73.0 $84.5 
The Company’s total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to the chief operating decision maker (“CODM”), the CEO. The CODM uses revenue, cost of sales and gross profit to allocate resources (including personnel and financial or capital resources) for each segment, predominantly in the annual budget and quarterly financial review and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis using revenue, cost of sales and gross profit when making decisions about allocating capital and personnel to the segments. Centrus’ long-term or long-lived assets, which include property, plant and equipment and other assets reported on the Consolidated Balance Sheet, were located in the United States as of December 31, 2025 and December 31, 2024.