Get started

Financials · IE

Ivanhoe Electric Inc. (IE) financials

For the twelve months ended Sep 30, 2026, Ivanhoe Electric Inc. reported $3.19M of revenue and -$47.72M of net income.

Revenue, TTM
$3.19M
Revenue growth, YoY
-13.4%
Net income, TTM
-$47.72M
Net margin
-1497.7%
Free cash flow, TTM
-$117.66M
EPS, diluted, TTM
$0.33
Cash
$214.84M
P/S
413.57
Market cap
$1.32B
Annual revenue$3.24M
FY2021FY2025
Annual net income-$105.87M
FY2021FY2025
Annual free cash flow-$90.40M
FY2021FY2025

IE revenue and earnings growth

IE revenueQ3 2026$708.0K

Quarter YoY
+29.9%
QoQ
-2.2%
FY YoY
+11.8%

IE revenue was $708.0K in fiscal Q3 2026 (ended Sep 30, 2026), up 29.9% from a year earlier and down 2.2% from the prior quarter. For the full fiscal 2025 it was $3.24M, up 11.8% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

IE net incomeQ3 2026-$30.81M

IE net income was -$30.81M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$17.52M a year earlier. For the full fiscal 2025 it was -$105.87M, compared with -$128.62M in fiscal 2024.

IE EPSQ3 2026$0.19

Quarter YoY
+46.2%
QoQ
+18.8%
FY YoY
-26.2%

IE diluted EPS was $0.19 in fiscal Q3 2026 (ended Sep 30, 2026), up 46.2% from a year earlier and up 18.8% from the prior quarter. For the full fiscal 2025 it was $0.79, down 26.2% from fiscal 2024.

IE free cash flowQ3 2026-$28.82M

IE free cash flow was -$28.82M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$18.12M a year earlier. For the full fiscal 2025 it was -$90.40M, compared with -$165.03M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue$3.24M$2.90M$3.90M$8.44M$4.65M
Cost of revenue$1.13M$1.02M$2.99M$3.13M$1.52M
Gross profit$2.12M$1.88M$917.0K$5.30M$3.13M
Research and development$275.0K$2.85M$6.12M$5.04M$3.83M
Selling, general and admin$39.24M$44.74M$48.20M$26.97M$20.40M
Operating income-$113.57M-$176.95M-$180.40M-$132.16M-$60.75M
Interest expense$2.80M$2.90M$3.71M$2.07M$1.53M
Pre-tax income----$159.60M-$68.03M
Income tax$12.0K$32.0K-$584.0K$618.0K$484.0K
Net income-$105.87M-$128.62M-$199.38M-$149.81M-$59.32M
EPS, basic$0.79$1.07$1.95$1.91$0.96
EPS, diluted$0.79$1.07$1.95$1.91$0.96
Diluted shares133.6M120.4M102.5M78.5M61.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$173.26M$45.31M$205.04M$139.66M$49.85M
Receivables$14.0K$762.0K$1.04M$1.50M$1.39M
Inventory-$0$5.01M$5.65M$5.88M
Current assets$180.19M$69.29M$216.49M$151.03M$58.27M
Total assets$483.27M$374.93M$487.23M$260.49M$153.53M
Current liabilities$53.88M$33.42M$39.72M$17.43M$40.58M
Total debt$0$36.57M$48.92M$0-
Total liabilities$59.70M$94.50M$110.94M$58.04M$125.72M
Shareholders' equity$416.11M$280.43M$376.28M$202.45M$27.81M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow-$89.20M-$162.10M-$150.51M-$115.73M-$47.83M
Capital expenditures$1.20M$2.93M$1.58M$8.51M$3.99M
Free cash flow-$90.40M-$165.03M-$152.09M-$124.24M-$51.82M
Investing cash flow$4.59M-$14.47M-$150.77M-$48.38M-$22.63M
Financing cash flow$214.72M$18.89M$366.45M$254.41M$110.98M
Stock-based compensation$11.66M$14.96M$20.96M$4.83M$3.67M
Depreciation and amortization$2.95M$2.70M$2.64M$4.21M$4.25M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY11.8%-25.7%-53.8%81.4%-
EPS growth, YoY-26.2%-45.1%2.1%99.0%-
Gross margin65.3%64.9%23.5%62.9%67.3%
Operating margin-3501.0%-6099.7%-4622.1%-1565.9%-1305.9%
Net margin-3263.7%-4433.7%-5108.3%-1775.0%-1275.2%
Free cash flow margin-2786.8%-5688.6%-3896.8%-1472.0%-1114.0%
Return on equity-25.4%-45.9%-53.0%-74.0%-213.3%
Return on assets-21.9%-34.3%-40.9%-57.5%-38.6%
Current ratio3.342.075.458.661.44
Debt to equity0.000.130.130.00-

Source: XBRL data Ivanhoe Electric Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IE$3.19M-13.4%-$47.72M-1497.7%$1.32B
SCCO$17.11B+38.7%$6.36B37.2%$148.62B
RIO$57.64B+6.3%$9.97B17.3%$108.51B
FCX$26.46B+1.8%$3.44B13.0%$89.51B
VALE$38.40B+0.9%$2.35B6.1%$51.08B
HBM$2.21B+9.4%$568.50M25.7%$10.12B
BVN$1.73B+49.2%$782.14M45.2%$7.34B
AUGO$921.73M+55.1%-$79.34M-8.6%$7.29B
CLF$20.07B+7.8%-$473.00M-2.4%$7.00B

IE FAQ

9 questions
  • What is IE revenue?
    Ivanhoe Electric Inc. (IE) reported $3.19M of revenue for the twelve months ended Sep 30, 2026. That is down 13.4% from the year before. Revenue for fiscal 2025 was $3.24M.
  • Is IE profitable?
    No. Ivanhoe Electric Inc. reported a net loss of $47.72M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does IE have?
    Ivanhoe Electric Inc. reported $214.84M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is IE revenue growing?
    Ivanhoe Electric Inc.'s revenue changed +11.8% in fiscal 2025, to $3.24M.
  • What is IE gross margin?
    Ivanhoe Electric Inc.'s gross profit was $1.88M on $3.19M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 59.0%.
  • What is IE free cash flow?
    Ivanhoe Electric Inc. generated -$117.66M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$116.22M less capital expenditures.
  • What is IE earnings per share?
    Diluted earnings per share were $0.33 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did IE last report financial results?
    The latest statements here come from Ivanhoe Electric Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this IE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ivanhoe Electric Inc. files with the SEC. It is provided for information only and is not investment advice.