IE · Ivanhoe Electric Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $858.0K | - | $545.0K | $1.07M | $735.0K | - | $671.0K | $538.0K | $360.0K | - |
| Cost of Revenue | $353.0K | - | $266.0K | $294.0K | $293.0K | - | $256.0K | $192.0K | $100.0K | - |
| Gross Profit | $505.0K | - | $279.0K | $774.0K | $442.0K | - | $415.0K | $346.0K | $260.0K | - |
| R&D | $404.0K | - | $54.0K | $55.0K | $52.0K | - | $871.0K | $842.0K | $810.0K | - |
| SG&A | $9.86M | - | $9.13M | $9.72M | $11.59M | - | $10.86M | $10.69M | $12.60M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $564.0K | - | - | - | $622.0K | - | - | - | $622.0K | - |
| Operating Income | $96.76M | - | ($23.59M) | ($25.64M) | ($27.00M) | - | ($41.83M) | ($48.55M) | ($56.88M) | - |
| Interest Expense | $1.44M | - | - | - | $1.66M | - | - | - | $1.82M | - |
| Income Tax | $12.20M | - | $0 | $0 | $0 | - | $0 | $0 | ($26.0K) | - |
| Net Income | $41.74M | - | ($17.52M) | ($46.78M) | ($30.52M) | - | ($43.24M) | ($46.78M) | ($55.51M) | - |
| EPS - Basic | ($0.27) | - | $0.13 | $0.18 | $0.24 | - | $0.36 | $0.39 | $0.46 | - |
| EPS - Diluted | ($0.26) | - | $0.13 | $0.18 | $0.24 | - | $0.36 | $0.39 | $0.46 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $289.82M | $173.26M | $69.48M | $88.05M | $98.16M | $40.97M | $81.07M | $133.81M | $179.36M | $205.04M |
| Accounts Receivable | $157.0K | - | $81.0K | $8.0K | $111.0K | $762.0K | $2.77M | $2.62M | $4.32M | - |
| Inventory | - | - | - | - | - | $0 | $0 | $5.51M | $5.31M | $5.01M |
| Accounts Payable | - | $7.79M | - | - | - | $6.31M | - | - | - | $12.86M |
| Current Assets | $301.46M | $180.19M | $87.68M | $104.29M | $114.25M | $69.29M | $104.74M | $147.01M | $191.85M | $216.49M |
| Total Assets | $594.31M | $483.27M | $386.15M | $400.47M | $414.39M | $374.93M | $375.43M | $416.27M | $461.16M | $487.23M |
| Current Liabilities | $48.23M | $53.88M | $62.00M | $27.15M | $37.18M | $33.42M | $41.93M | $40.20M | $39.21M | $39.72M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $48.64M | $59.70M | $92.39M | $89.69M | $99.04M | $94.50M | $115.18M | $113.15M | $111.42M | $110.94M |
| Stockholders' Equity | $540.28M | $416.11M | $280.13M | $293.34M | $306.97M | $268.64M | $250.07M | $289.15M | $331.50M | $374.25M |
| Retained Earnings | ($594.26M) | ($636.00M) | ($602.01M) | ($584.49M) | ($560.64M) | ($530.13M) | ($547.03M) | ($503.80M) | ($457.01M) | ($401.50M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($42.31M) | - | - | - | ($15.78M) | - | - | - | ($49.96M) | - |
| Investing Cash Flow | $115.16M | - | - | - | ($2.0K) | - | - | - | ($1.47M) | - |
| Financing Cash Flow | $42.99M | - | - | - | $70.81M | - | - | - | $26.00M | - |
| CapEx | $597.0K | - | - | - | $2.0K | - | - | - | $672.0K | - |
| Free Cash Flow | ($42.91M) | - | - | - | ($15.78M) | - | - | - | ($50.63M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 58.9% | - | 51.2% | 72.5% | 60.1% | - | 61.8% | 64.3% | 72.2% | - |
| Operating margin | 11276.9% | - | -4328.3% | -2400.3% | -3674.0% | - | -6233.8% | -9023.4% | -15800.3% | - |
| EBITDA margin | 11342.7% | - | - | - | -3589.4% | - | - | - | -15627.5% | - |
| Net margin | 4864.3% | - | -3214.9% | -4380.4% | -4151.7% | - | -6443.5% | -8695.7% | -15419.7% | - |
| Free cash flow margin | -5000.8% | - | - | - | -2146.5% | - | - | - | -14064.2% | - |
| FCF / Net income | -1.03 | - | - | - | 0.52 | - | - | - | 0.91 | - |
| R&D / Revenue | 47.1% | - | 9.9% | 5.1% | 7.1% | - | 129.8% | 156.5% | 225.0% | - |
| SG&A / Revenue | 1149.4% | - | 1674.5% | 910.2% | 1576.3% | - | 1618.3% | 1987.7% | 3500.3% | - |
| Effective tax rate | 22.6% | - | - | - | - | - | - | - | - | - |
| Return on assets | 7.0% | - | -4.5% | -11.7% | -7.4% | - | -11.5% | -11.2% | -12.0% | - |
| Return on equity | 7.7% | - | -6.3% | -15.9% | -9.9% | - | -17.3% | -16.2% | -16.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.25 | 3.34 | 1.41 | 3.84 | 3.07 | 2.07 | 2.50 | 3.66 | 4.89 | 5.45 |
| Quick ratio | 6.25 | 3.34 | 1.41 | 3.84 | 3.07 | 2.07 | 2.50 | 3.52 | 4.76 | 5.32 |
| Cash ratio | 6.01 | 3.22 | 1.12 | 3.24 | 2.64 | 1.23 | 1.93 | 3.33 | 4.57 | 5.16 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 67.1x | - | - | - | -16.3x | - | - | - | -31.3x | - |
| Equity multiplier | 1.10 | 1.16 | 1.38 | 1.37 | 1.35 | 1.40 | 1.50 | 1.44 | 1.39 | 1.30 |
| Liabilities / Assets | 0.08 | 0.12 | 0.24 | 0.22 | 0.24 | 0.25 | 0.31 | 0.27 | 0.24 | 0.23 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | 0.03 | 0.02 | - |
| Days sales outstanding | 67d | - | 54d | 3d | 55d | - | 1509d | 1776d | 4379d | - |
| Days inventory outstanding | - | - | - | - | - | - | 0d | 10469d | 19392d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 96.5x | 50.4x | 24.2x | - | 23.5x | 24.1x | 21.3x | - |
| P / B | 3.5x | - | 6.0x | 4.1x | 2.4x | - | 4.1x | 3.9x | 3.6x | - |
| P / S | 2183.3x | - | 3060.6x | 1126.1x | 1001.3x | - | 1518.1x | 2098.1x | 3273.4x | - |
| EV / EBITDA | 16.3x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.7% | - | -18.8% | 98.5% | 104.2% | - | -43.2% | -59.1% | -94.7% | - |
| Revenue CAGR (3y) | -49.7% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 14.3% | - | -32.8% | 123.7% | 70.0% | - | - | 496.6% | -47.5% | - |
| Operating income growth (YoY) | - | - | 43.6% | 47.2% | 52.5% | - | 10.9% | -2.5% | -47.4% | - |
| Net income growth (YoY) | - | - | 59.5% | 0.0% | 45.0% | - | 44.5% | -22.3% | -259.2% | - |
| EPS growth (YoY) | - | - | -63.9% | -53.8% | -47.8% | - | -51.4% | -4.9% | 91.7% | - |
| EPS CAGR (3y) | - | - | -22.6% | -40.4% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -172.0% | - | - | - | 68.8% | - | - | - | -68.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 76.0% | 54.9% | 12.0% | 1.4% | -7.4% | -28.2% | -35.6% | 79.7% | 88.9% | 81.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.24M totalData Processing Segment$3.24M · 100.0%
Geographic
$3.24M totalCA$3.24M · 100.0%
Peer comparison
Same SIC group: Metal Mining
Comparing Ivanhoe Electric Inc. against the 5 most active filers in the same SIC group.