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Ivanhoe Electric Inc. (IE)

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Ivanhoe Electric Inc. (IE) reported revenue of $724,000 for Q2 FY2026, the quarter ended 30 June 2026, down 32.2% on the same quarter a year earlier. Net income was -$25 million, and diluted earnings per share $0.16. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$724,000down 32.2%
Net income-$25 million
Diluted EPS$0.16
QuarterQ2 FY2026ended 30 June 2026

Ivanhoe Electric (IE) in brief

Ivanhoe Electric (IE) reported revenue of $3 million for fiscal 2025, the year ended 31 December 2025, up 11.8% on the year before.
Read moreNet loss was $106 million and diluted earnings per share $0.79. Revenue was $3 million in fiscal 2024, $4 million in fiscal 2023, $8 million in fiscal 2022 and $5 million in fiscal 2021. Net income in the same years was a loss of $129 million, a loss of $199 million, a loss of $150 million and a loss of $59 million. Over the twelve months to 30 June 2026, Ivanhoe Electric reported revenue of $3 million and net loss of $34 million. Ivanhoe Electric had 160 million shares outstanding at the latest filed count. At 30 June 2026 it carried $35 million of debt and $257 million of cash. At the close of 29 October 2026 the market cap of Ivanhoe Electric was $1.3 billion.

Ratios

From the filings

ROE-6.5%
ROCE2.6%
Operating margin474.5%
Net margin-1,138.7%
FCF marginn/a
Interest cover6.53
Debt to equity0.07
Cash conversionn/a
Share count, last 12 months20.3%
Sales CAGR, 3 years-27.3%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 29 October 2026

Price$8.43
Market cap$1.3 billion
Stock P/En/a
Price to book2.56
EV / EBITDA66.10
Dividend yieldn/a
Market cap / sales445.06
52-week high$19.92
52-week low$7.67
Price, 1 year-39.8%
Price CAGR, 3 years-5.4%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Ivanhoe Electric Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
IEgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IE

Dividendsno dividend in its filings for fiscal 2021 onward
Filings19 in twelve months: 10 current reports (8-K), about 4 regulation FD disclosure; 4 material agreement; 3 other events; 2 officer or director change; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $5.5 million; latest 6 March 2026
Options tapeput/call 0.41 by open interest at the 29 October 2026 close; the straddle prices a 16.6% move to 20 November 2026
13F holders201 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading8 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest11.3 million shares short, 4.88 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 0 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q2 FY2021Q3 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1.51.06.80.21.20.30.71.30.21.70.40.50.71.30.71.10.50.90.90.7
Cost of revenue0.30.50.10.10.92.10.21.30.31.30.10.20.30.50.30.30.30.30.40.4
Gross profit1.20.56.70.10.3-1.80.50.1-0.00.40.30.30.40.90.40.80.30.60.50.4
Gross margin78%49%99%50%26%-681%73%4%-15%24%72%64%62%65%60%72%51%70%59%51%
R&D0.81.01.31.31.11.31.82.11.20.90.80.80.90.30.10.10.10.10.40.2
Operating incomen/an/a-17.2-29.7-41.7-43.6-38.6-47.4-47.0-47.5-56.9-48.5-41.8-29.7-27.0-25.6-23.6-37.396.8-21.5
Operating marginn/an/a-254%-12963%-3532%-16255%-5683%-3606%-19654%-2840%-15800%-9023%-6234%-2229%-3674%-2400%-4328%-4168%11277%-2967%
Interest expense0.00.5n/a0.50.2n/a0.81.62.6-1.21.81.81.7-2.41.71.81.4-2.01.41.4
Net income-10.7-17.6-15.5-54.4-40.4-39.6-36.1-38.3-77.9-47.2-55.5-46.8-43.216.9-30.5-23.9-17.5-34.041.7-24.7
Net margin-718%-1689%-229%-23741%-3420%-14779%-5313%-2912%-32586%-2822%-15420%-8696%-6444%1269%-4152%-2233%-3215%-3793%4864%-3405%
Diluted EPS$0.18$0.28$0.24$0.85$0.43n/a$0.39$0.41$0.74n/a$0.46$0.39$0.36n/a$0.24$0.18$0.13n/a-$0.26$0.16
Operating cash flown/a-12.6-14.6-29.6-34.6-37.0-30.0-35.8-41.1-43.5-50.0-44.5-36.9-30.7-15.8-20.0-27.7-25.7-42.3-20.0
Capital expendituren/a1.30.10.50.27.70.30.20.60.40.70.50.11.70.01.3n/a0.00.60.2
Free cash flown/a-13.9-14.7-30.1-34.8-44.6-30.4-36.0-41.7-44.0-50.6-45.0-36.9-32.4-15.8-21.3n/a-25.7-42.9-20.2
Shares outstanding93m93m93m93m93m93m93m94m118m120m120m120m120m121m133m133m133m146m158m160m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 5 fiscal years and the trailing twelve months

FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue4.78.43.92.93.23.0
Cost of revenue1.53.13.01.01.11.2
Gross profit3.15.30.91.92.11.8
Gross margin67.3%62.9%23.5%64.9%65.3%58.7%
Research and development3.85.06.12.90.30.7
Operating income-60.7-132-180-177-11414.3
Operating margin-1305.9%-1565.9%-4622.1%-6099.7%-3501.0%474.5%
Interest expense1.52.13.72.92.82.2
Pre-tax income-68.0-160n/an/an/an/a
Income tax0.50.6-0.60.00.012.2
Net income-59.3-150-199-129-106-34.4
Net margin-1275.2%-1775.0%-5108.3%-4433.7%-3263.7%-1138.7%
Diluted EPS$0.96$1.91$1.95$1.07$0.79n/a
Filing10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Data Processing1.32.83.2100.0%
Critical Metals0.00.00.0n/a
Energy Storage2.60.10.0n/a
Santa Cruz Copper Project0.00.00.0n/a
Data ProcessingEnergy Storage
3.9FY20232.9FY20243.2FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Ivanhoe Electric does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Data Processing-1.40.81.238.2%
Critical Metals-112-97.3-77.4n/a
Energy Storage-9.6-8.0-13.4n/a
Santa Cruz Copper Project-57.8-72.5-24.0n/a
Data ProcessingEnergy StorageSanta Cruz Copper ProjectCritical Metals
-180FY2023-177FY2024-114FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Data Processing100%100%
Critical Metals0%a loss
Energy Storage0%a loss
Santa Cruz Copper Project0%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Data processing services1.32.83.2100.0%
Energy storage systems2.60.10.0n/a
Data processing servicesEnergy storage systems
3.9FY20232.9FY20243.2FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Canada1.32.83.2100.0%
China2.60.10.0n/a
CanadaChina
3.9FY20232.9FY20243.2FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow-47.8-116-151-162-89.2-116
Capital expenditure4.08.51.62.91.2n/a
Free cash flow-51.8-124-152-165-90.4n/a
Free cash flow margin-1114.0%-1472.0%-3896.8%-5688.6%-2786.8%n/a
Cash from investing-22.6-48.4-151-14.54.6105
Cash from financing11125436618.9215180
Depreciation and amortisation4.24.22.62.73.02.7
Share-based compensation3.74.821.015.011.711.0
Diluted shares, weighted62m79m102m120m134m158m
Shares outstanding at period end64m93m120m121m146m160m
Filing10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity21.9206374269416526
Non-controlling interest5.9-3.92.011.87.54.8
Debt78.835.977.367.533.735.2
Operating lease liabilities0.10.41.21.61.10.7
Other liabilities46.821.732.525.424.918.3
Total liabilities and equity154260487375483585
Owned
Fixed assets2.53.96.69.79.37.5
Intangible assets4.31.20.1n/an/an/a
Cash and equivalents49.914020541.0173257
Receivables1.41.51.00.80.00.0
Inventory5.95.65.00.0n/an/a
Other assets89.6108269324301320
Total assets154260487375483585
Filing10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a-27.3%-20.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-93.9%-42.2%-25.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Ivanhoe Electric's revenue in fiscal 2025?

Ivanhoe Electric (IE) reported revenue of $3 million for fiscal 2025, the year ended 31 December 2025, up 11.8% on the year before.

How much did Ivanhoe Electric earn in fiscal 2025?

Net loss was $106 million for fiscal 2025, and diluted earnings per share $0.79.

What is Ivanhoe Electric's market cap?

The market cap of Ivanhoe Electric was $1.3 billion at the close of 29 October 2026.

How much debt does Ivanhoe Electric have?

At 30 June 2026 Ivanhoe Electric carried $35 million of debt and $257 million of cash.

Peers: Non-Metallic and Industrial Metal Mining

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
BHP Group Limited BHP *$207.9 billion21.1819.3%40.6%14.6%0.463.2%
Southern Copper Corp. SCCO$159.9 billion28.0244.8%56.9%32.8%0.631.9%
Rio Tinto plc RIO *$135.5 billion13.6916.0%25.9%7.4%0.354.5%
Freeport-McMoRan Inc. FCX$95.0 billion32.5814.6%26.8%0.2%0.470.9%
Vale S.A. VALE *$47.6 billionn/a7.0%15.4%0.9%0.547.5%
Cleveland-Cliffs Inc. CLF$8.1 billionn/a-8.3%-1.4%7.8%1.34n/a
MP Materials Corp. MP$7.4 billionn/a-3.1%-41.5%26.1%0.48n/a
USA Rare Earth, Inc. USAR$2.6 billionn/an/an/an/a0.00n/a
Energy Fuels Inc. UUUU$2.1 billionn/a-10.3%-91.0%62.5%0.85n/a
Centrus Energy Corp. LEU$1.5 billion50.255.7%1.6%8.5%1.39n/a
Ivanhoe Electric Inc. IE$1.3 billionn/a-6.5%474.5%-20.6%0.07n/a
Compass Minerals International Inc. CMP$962 million53.287.0%8.9%5.5%2.72n/a
All 18 in Non-Metallic and Industrial Metal Mining
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
BHP Group Limited BHP *$207.9 billion21.1819.3%40.6%14.6%0.463.2%
Southern Copper Corp. SCCO$159.9 billion28.0244.8%56.9%32.8%0.631.9%
Rio Tinto plc RIO *$135.5 billion13.6916.0%25.9%7.4%0.354.5%
Freeport-McMoRan Inc. FCX$95.0 billion32.5814.6%26.8%0.2%0.470.9%
Vale S.A. VALE *$47.6 billionn/a7.0%15.4%0.9%0.547.5%
Vulcan Materials Co. VMC$35.9 billion33.1713.1%20.3%1.6%0.560.7%
Martin Marietta Materials Inc. MLM$32.1 billion13.1521.3%n/a14.8%0.520.6%
Hecla Mining Co. HL$9.7 billion29.4912.5%46.0%51.2%0.000.1%
Cleveland-Cliffs Inc. CLF$8.1 billionn/a-8.3%-1.4%7.8%1.34n/a
MP Materials Corp. MP$7.4 billionn/a-3.1%-41.5%26.1%0.48n/a
Uranium Energy Corp. UEC$4.0 billionn/a-10.0%-357.4%-44.3%0.00n/a
United States Lime & Minerals Inc. USLM$3.3 billion24.3919.3%42.1%7.0%0.000.2%
Knife River Corp. KNF$3.3 billion23.488.7%8.3%12.1%1.01n/a
USA Rare Earth, Inc. USAR$2.6 billionn/an/an/an/a0.00n/a
Energy Fuels Inc. UUUU$2.1 billionn/a-10.3%-91.0%62.5%0.85n/a
Centrus Energy Corp. LEU$1.5 billion50.255.7%1.6%8.5%1.39n/a
Ivanhoe Electric Inc. IE$1.3 billionn/a-6.5%474.5%-20.6%0.07n/a
Compass Minerals International Inc. CMP$962 million53.287.0%8.9%5.5%2.72n/a
8 companies share its SEC industry code (Metal Mining); the rest are the names nearest in size in its wider industry, Non-Metallic and Industrial Metal Mining, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K/A31 December 202428 February 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR