IperionX Limited American Depositary Share (IPX) financial statements
Net income was -$35M.
Free cash flow was -$45M.
The diluted share count rose 332% over the period (dilution).
Income statement
Fiscal years, from IperionX Limited American Depositary Share's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Research and development | $240,000 | $1M | $6M | $9M | $13M |
| Selling, general and admin | $852,944 | $3M | $4M | $5M | $11M |
| Interest expense | $3,097 | $45,541 | $88,138 | $122,736 | $279,541 |
| Pre-tax income | -$13M | -$22M | -$17M | -$22M | -$35M |
| Income tax | $0 | $0 | $0 | $0 | $0 |
| Net income | -$13M | -$22M | -$17M | -$22M | -$35M |
| EPS (diluted) | -$0.19 | -$0.16 | -$0.11 | -$0.10 | -$0.12 |
| Diluted shares | 69M | 135M | 168M | 218M | 297M |
Balance sheet
Fiscal years, from IperionX Limited American Depositary Share's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $6M | $12M | $33M | $55M |
| Receivables | $341 | $22,540 | $228,395 | $2M | $823,268 |
| Inventory | — | — | $0 | $16,920 | $0 |
| Total current assets | $2M | $6M | $13M | $42M | $59M |
| Property, plant and equipment | $539,619 | $1M | $4M | $8M | $25M |
| Total assets | $3M | $10M | $23M | $55M | $105M |
| Total current liabilities | $637,015 | $2M | $2M | $3M | $8M |
| Long-term debt | $394,548 | $408,783 | $592,688 | $1M | $3M |
| Total liabilities | $1M | $2M | $2M | $4M | $13M |
| Shareholders' equity | $2M | $7M | $21M | $51M | $92M |
| Net debt | -$1M | -$5M | -$11M | -$32M | -$51M |
Cash flow
Fiscal years, from IperionX Limited American Depositary Share's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$4M | -$12M | -$16M | -$19M | -$22M |
| Capital spending | $66,818 | $889,988 | $2M | $5M | $24M |
| Free cash flow | -$4M | -$13M | -$18M | -$24M | -$45M |
| Stock-based compensation | $4M | $8M | $3M | $4M | $10M |
| Net borrowing | $0 | $36,457 | -$5,594 | -$5,970 | -$5,826 |
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How much free cash flow does IperionX Limited American Depositary Share generate?
-$45M in fiscal 2025 (operating cash flow minus capital spending).
From IperionX Limited American Depositary Share's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.