v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

 

Pay Versus Performance

 

The following summarizes the relationship between the executive "Compensation Actually Paid" by the Company, our TSR and Peer Group TSR for the five years ending July 31, 2025 for our CEO and other NEOs.

 

Value of Initial Fixed $100

Investment Based On:

Year

(a)

Summary Compensation  
Table Total for  
CEO (1)

($)

(b)

Compensation Actually Paid to Other NEOs (2)

($)

(c)

Average Summary Compensation Table Total for Other NEOs (1)

($)

(d)

Average Compensation Actually Paid to Other

NEOs (2)

($)

(e)

Total Shareholder Return (3)

($)

(f)

Peer Group Total Shareholder Return (3)(4)

($)

(g)

Net Income  
(loss) (4)(5)

($ in thousands)

(h)

2025

6,356,248

12,436,349

969,360

1,503,071

895.38

628.66

(87,656

)

2024

5,365,453

8,144,553

807,301

1,378,756

612.41

384.43

(29,221

)

2023

3,700,780

2,690,924

742,727

581,394

371.79

319.39

(3,307

)

2022

2,315,872

2,212,036

603,525

590,809

433.75

283.00

5,252

2021

1,635,553

1,907,583

500,947

557,369

224.10

188.88

(14,813

)

 

Notes:

(1)

For columns (b) and (d), the dollar amounts represent total compensation paid to our CEO and other NEOs, respectively, and are taken directly from the Summary Compensation Table included in our Annual Reports on Form 10-K for the applicable years. For Fiscal 2025, these other NEOs included Josephine Man, Scott Melbye, Brent Berg and Pat Obara. For Fiscal 2024, they included Scott Melbye, Pat Obara and Brent Berg. For Fiscals 2023, 2022 and 2021 they included Scott Melbye and Pat Obara.

(2)

The following table sets forth the adjustments made to arrive at "Compensation Actually Paid" for our CEO and other NEOs during each of the fiscal years reflected in this table.

(3)

Total shareholder return represents the value of a deemed fixed investment of $100 at market close on July 31, 2020, assuming the reinvestment of dividends, if any. Total shareholder return is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our share price at the end and the beginning of the measurement period, by the share price at the beginning of the measurement period. For the purposes of this table our Peer Group consisted of the following companies: Cameco Corporation, Centrus Energy Corp., Comstock Resources, Inc., Denison Mines Corp., Energy Fuels Inc., Gulfport Energy Corporation, Magnolia Oil & Gas Corporation, NexGen Energy Ltd., NGEx Minerals Ltd., Northern Oil and Gas, Inc., NuScale Power Corporation, Oklo Inc. and Vital Energy, Inc. For the purposes of understanding the cumulative returns over time, this table should be read from bottom to top.

 

 

(4)

Beginning in Fiscal 2025, we updated our Peer Group used for total return comparison in this table. For more details related to the current Peer Group in comparison to the previous peer group, refer to "- Benchmarking Compensation and Peer Groups" above. For consistency and comparability, the total return for the current Peer Group has been calculated and presented retroactively for all years included in this table, starting from the base year date of August 1, 2020. The total return of the peer group used prior to Fiscal 2025 for the same period is provided below for reference.

 

Total Return

Year

2024 Peer Group

2025 Peer Group

2025

348.24%

 

528.66%

 

2024

247.70%

 

284.43%

 

2023

195.88%

 

219.39%

 

2022

153.07%

 

183.00%

 

2021

73.25%

 

88.88%

 

 

(5)

Net income (loss) represents the amounts reported in our audited financial statements included in our Annual Report.

       
PEO Total Compensation Amount $ 6,356,248 $ 5,365,453 $ 3,700,780 $ 2,315,872 $ 1,635,553
PEO Actually Paid Compensation Amount $ 12,436,349 8,144,553 2,690,924 2,212,036 1,907,583
Adjustment To PEO Compensation, Footnote

 

Compensation Actually Paid to CEO and Average Compensation Actually Paid to Other NEOs

 

Adjustments to Determine

2025

2024

2023

2022

2021

Compensation Actually Paid

CEO

($)

Other  
NEOs

($)

CEO

($)

Other NEOs

($)

CEO

($)

Other  
NEOs

($)

CEO

($)

Other NEOs

($)

CEO

($)

Other NEOs

($)

Total reported in Summary Compensation Table

6,356,248

969,360

5,365,453

807,301

3,700,780

742,727

2,315,872

603,525

1,635,553

500,947

Less, amounts reported under "Stock Awards" in the Summary Compensation Table

(3,998,055

​)

(449,040

)

(3,640,453

)

(397,756

)

(2,026,264

)

(312,562

)

(964,705

)

(233,357

)

(895,553

)

(255,292

)

Less, amounts reported under "Option Awards" in the Summary Compensation Table

-

(24,989

)

-

-

(240,516

)

(37,101

)

-

-

-

-

Add, fair value of equity awards granted during the year that were outstanding and unvested as of year end (*)

3,998,055

474,276

3,640,453

397,756

1,320,337

203,669

573,602

138,751

506,250

144,314

Add, change as of the end of the fiscal year (from the end of the prior fiscal year) in fair value of awards granted in prior fiscal years that are outstanding and unvested as of year end (*)

4,132,195

327,714

1,309,012

211,109

(63,413

)

(15,339

)

287,267

81,890

661,333

167,400

Add, the fair value of equity awards granted and vested during the fiscal year

-

5,218

-

-

-

-

-

-

-

-

Add, change as of the vesting 
date (from the end of the prior fiscal year) in fair value of awards granted in prior fiscal years that vested during the fiscal year (*)

1,947,906

200,532

1,470,088

360,346

-

-

-

-

-

-

Total Adjustments

6,080,101

533,711

2,779,100

571,455

(1,009,856

)

(161,333

)

(103,836

)

(12,716

)

272,030

56,422

Compensation Actually Paid

12,436,349

1,503,071

8,144,553

1,378,756

2,690,924

581,394

2,212,036

590,809

1,907,583

557,369

(*) The fair value or incremental fair value of all incentive equity awards is determined in accordance with ASC 718, Compensation – Stock Compensation, generally using the same methodology and assumptions we use for financial reporting purposes when determining the grant date fair value of our equity awards reflected in the Summary Compensation Table herein. 

 

 

       
Non-PEO NEO Average Total Compensation Amount $ 969,360 807,301 742,727 603,525 500,947
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,503,071 1,378,756 581,394 590,809 557,369
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid Versus Performance

 

Our Executive compensation is linked strongly to our performance, with a majority of annual target compensation being variable and at-risk. In Fiscal 2025, 90% and 70% of the total target compensation for our CEO and other NEOs on average, respectively, was at-risk and tied to performance measures that relate to, or impact, stockholder return.

 

The following charts provide depict Compensation Actually Paid to our NEO against our TSR and Peer Group TSR.

 

 

capvtsr.jpg

 

ppr.jpg

 

 

 

       
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 6,080,101 2,779,100 (1,009,856) (103,836) 272,030
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,998,055) 3,640,453 (2,026,264) (964,705) (895,553)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (240,516) 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,998,055 3,640,453 1,320,337 573,602 506,250
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,132,195 1,309,012 (63,413) 287,267 661,333
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,947,906 1,470,088 0 0 0
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 533,711 571,455 (161,333) (12,716) 56,422
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (449,040) (397,756) (312,562) (233,357) (255,292)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (24,989) 0 (37,101) 0 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 474,276 397,756 203,669 138,751 144,314
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 327,714 211,109 (15,339) 81,890 167,400
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,218 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 200,532 $ 360,346 $ 0 $ 0 $ 0