Ivanhoe Electric (IE) financial statements
Ivanhoe Electric reported revenue of $3M in fiscal 2025, down 8.6% a year over 4 years.
Net income was -$106M and the operating margin -3501.0%, against -1305.9% in 2021.
Free cash flow was -$90M.
The diluted share count rose 117% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ivanhoe Electric's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5M | $8M | $4M | $3M | $3M |
| Cost of revenue | $2M | $3M | $3M | $1M | $1M |
| Gross profit | $3M | $5M | $917,000 | $2M | $2M |
| Research and development | $4M | $5M | $6M | $3M | $275,000 |
| Selling, general and admin | $21M | $27M | $48M | $45M | $39M |
| Operating income | -$61M | -$132M | -$180M | -$177M | -$114M |
| Interest expense | $2M | $972,000 | $4M | $3M | $3M |
| Pre-tax income | -$68M | -$160M | -$124M | -$137M | -$73M |
| Income tax | $484,000 | $618,000 | -$584,000 | $32,000 | $12,000 |
| Net income | -$59M | -$150M | -$199M | -$129M | -$106M |
| EPS (diluted) | $0.96 | $1.91 | $1.95 | $1.07 | $0.79 |
| Diluted shares | 62M | 79M | 102M | 120M | 134M |
| Gross margin | 67.3% | 62.9% | 23.5% | 64.9% | 65.3% |
| Operating margin | -1305.9% | -1565.9% | -4622.1% | -6099.7% | -3501.0% |
| Net margin | -1275.2% | -1775.0% | -5108.3% | -4433.7% | -3263.7% |
Balance sheet
Fiscal years, from Ivanhoe Electric's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $50M | $140M | $205M | $41M | $173M |
| Receivables | $1M | $1M | $3M | $762,000 | $14,000 |
| Inventory | $6M | $6M | $5M | $0 | — |
| Total current assets | $58M | $151M | $216M | $69M | $180M |
| Property, plant and equipment | $3M | $4M | $7M | $10M | $9M |
| Total assets | $154M | $260M | $487M | $375M | $483M |
| Total current liabilities | $41M | $17M | $40M | $33M | $54M |
| Total liabilities | $126M | $58M | $111M | $95M | $60M |
| Shareholders' equity | $22M | $206M | $374M | $269M | $416M |
| Net debt | -$50M | -$140M | -$205M | -$41M | -$173M |
Cash flow
Fiscal years, from Ivanhoe Electric's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$48M | -$116M | -$151M | -$162M | -$89M |
| Capital spending | $4M | $9M | $2M | $3M | $1M |
| Free cash flow | -$52M | -$124M | -$152M | -$165M | -$90M |
| Stock-based compensation | $4M | $5M | $21M | $15M | $12M |
| Free cash flow margin | -1114.0% | -1472.0% | -3896.8% | -5688.6% | -2786.8% |
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Open IE in InvestinglyQuestions
What was Ivanhoe Electric's revenue in 2025?
$3M in fiscal 2025, from its 10-K filing.
How much free cash flow does Ivanhoe Electric generate?
-$90M in fiscal 2025 (operating cash flow minus capital spending).
From Ivanhoe Electric's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.