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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue | $3.24M | $2.90M | $3.90M | $4.65M |
| Cost of Revenue | $1.13M | $1.02M | $2.99M | $1.52M |
| Gross Profit | $2.12M | $1.88M | $917.0K | $3.13M |
| R&D | $275.0K | $2.85M | $6.12M | $3.83M |
| SG&A | $39.24M | $44.74M | $48.20M | $20.40M |
| Total Operating Expenses | - | - | - | - |
| D&A | $2.95M | $2.70M | $2.64M | $4.25M |
| Operating Income | ($113.57M) | ($176.95M) | ($180.40M) | ($60.75M) |
| Interest Expense | $2.80M | $2.90M | $3.71M | $1.53M |
| Income Tax | $12.0K | $32.0K | ($584.0K) | $484.0K |
| Net Income | ($128.62M) | ($128.62M) | ($199.38M) | ($59.32M) |
| EPS - Basic | $0.79 | $1.07 | $1.95 | $0.96 |
| EPS - Diluted | $0.79 | $1.07 | $1.95 | $0.96 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash & Equivalents | $173.26M | $40.97M | $205.04M | $139.66M |
| Accounts Receivable | - | $762.0K | - | $1.50M |
| Inventory | - | $0 | $5.01M | $5.65M |
| Accounts Payable | $7.79M | $6.31M | $12.86M | $5.72M |
| Current Assets | $180.19M | $69.29M | $216.49M | $151.03M |
| Total Assets | $483.27M | $374.93M | $487.23M | $260.49M |
| Current Liabilities | $53.88M | $33.42M | $39.72M | $17.43M |
| Long-term Debt | - | - | - | - |
| Total Liabilities | $59.70M | $94.50M | $110.94M | $58.04M |
| Stockholders' Equity | $416.11M | $268.64M | $374.25M | $206.38M |
| Retained Earnings | ($636.00M) | ($530.13M) | ($401.50M) | ($202.13M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ($89.20M) | ($162.10M) | ($150.51M) | ($47.83M) |
| Investing Cash Flow | $4.59M | ($14.47M) | ($150.77M) | ($22.63M) |
| Financing Cash Flow | $214.72M | $18.89M | $366.45M | $110.98M |
| CapEx | $1.20M | $2.93M | $1.58M | $3.99M |
| Free Cash Flow | ($90.40M) | ($165.03M) | ($152.09M) | ($51.82M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 65.3% | 64.9% | 23.5% | 67.3% |
| Operating margin | -3501.0% | -6099.7% | -4622.1% | -1305.9% |
| EBITDA margin | -3410.0% | -6006.5% | -4554.5% | -1214.5% |
| Net margin | -3964.9% | -4433.7% | -5108.3% | -1275.2% |
| Free cash flow margin | -2786.8% | -5688.6% | -3896.8% | -1114.0% |
| FCF / Net income | 0.70 | 1.28 | 0.76 | 0.87 |
| R&D / Revenue | 8.5% | 98.3% | 156.8% | 82.2% |
| SG&A / Revenue | 1209.7% | 1542.2% | 1235.0% | 438.6% |
| Effective tax rate | - | - | - | - |
| Return on assets | -26.6% | -34.3% | -40.9% | -22.8% |
| Return on equity | -30.9% | -47.9% | -53.3% | -28.7% |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | 3.34 | 2.07 | 5.45 | 8.66 |
| Quick ratio | 3.34 | 2.07 | 5.32 | 8.34 |
| Cash ratio | 3.22 | 1.23 | 5.16 | 8.01 |
| Leverage | ||||
| Debt / Equity | - | - | - | - |
| Debt / Assets | - | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -40.6x | -61.0x | -48.7x | -39.6x |
| Equity multiplier | 1.16 | 1.40 | 1.30 | 1.26 |
| Liabilities / Assets | 0.12 | 0.25 | 0.23 | 0.22 |
| Efficiency | ||||
| Asset turnover | 0.01 | 0.01 | 0.01 | 0.02 |
| Inventory turnover | - | - | 0.60 | 0.27 |
| Days sales outstanding | - | 96d | - | 117d |
| Days inventory outstanding | - | 0d | 613d | 1356d |
| Days payable outstanding | 2526d | 2262d | 1572d | 1374d |
| Cash conversion cycle | - | -2166d | - | 100d |
| Valuation | ||||
| P / E | 20.2x | 7.1x | 5.2x | 12.7x |
| P / B | 5.1x | 3.4x | 2.8x | 3.6x |
| P / S | 658.0x | 313.3x | 264.7x | 160.6x |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 11.8% | -25.7% | -16.1% | - |
| Revenue CAGR (3y) | -11.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | 12.5% | 105.3% | -70.7% | - |
| Operating income growth (YoY) | 35.8% | 1.9% | -197.0% | - |
| Net income growth (YoY) | 0.0% | 35.5% | -236.1% | - |
| EPS growth (YoY) | -26.2% | -45.1% | 103.1% | - |
| EPS CAGR (3y) | -6.3% | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | 45.2% | -8.5% | -193.5% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 54.9% | -28.2% | 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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.28
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Metal Mining
Comparing Ivanhoe Electric Inc. against the 5 most active filers in the same SIC group.