ioneer (IONR) financial statements
ioneer reported revenue of $0 in fiscal 2025.
Net income was -$10M.
Free cash flow was -$7M.
The diluted share count rose 35% over the period (dilution).
Income statement
Fiscal years, from ioneer's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Selling, general and admin | $2M | $3M | $3M | $2M | $2M |
| Operating income | -$7M | -$12M | -$10M | -$9M | -$10M |
| Interest expense | $3,000 | $5,000 | $9,000 | $11,000 | $26,000 |
| Pre-tax income | -$14M | -$9M | -$6M | -$8M | -$10M |
| Income tax | $0 | $0 | $0 | $0 | $0 |
| Net income | -$14M | -$9M | -$6M | -$8M | -$10M |
| EPS (diluted) | -$0.80 | -$0.42 | -$0.30 | -$0.36 | -$0.41 |
| Diluted shares | 1.75B | 2.01B | 2.10B | 2.15B | 2.36B |
Balance sheet
Fiscal years, from ioneer's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $62M | $94M | $53M | $36M | $25M |
| Receivables | $253,000 | $141,000 | $353,000 | $324,000 | $208,000 |
| Total current assets | $63M | $94M | $53M | $36M | $25M |
| Property, plant and equipment | $2,000 | $0 | $522,000 | $406,000 | $289,000 |
| Total assets | $149M | $213M | $206M | $224M | $234M |
| Total current liabilities | $5M | $9M | $9M | $6M | $3M |
| Total liabilities | $5M | $10M | $9M | $6M | $3M |
| Shareholders' equity | $144M | $204M | $197M | $218M | $230M |
| Net debt | -$62M | -$94M | -$53M | -$35M | -$25M |
Cash flow
Fiscal years, from ioneer's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$5M | -$9M | -$8M | -$7M | -$7M |
| Capital spending | $5,000 | $0 | $601,000 | $2,000 | $0 |
| Free cash flow | -$5M | -$9M | -$9M | -$7M | -$7M |
| Stock-based compensation | $2M | $1M | $1M | $2M | $3M |
| Net borrowing | — | $0 | $0 | $1M | -$1M |
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Open IONR in InvestinglyQuestions
What was ioneer's revenue in 2025?
$0 in fiscal 2025, from its 10-K filing.
How much free cash flow does ioneer generate?
-$7M in fiscal 2025 (operating cash flow minus capital spending).
From ioneer's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.