NYSEAMERICAN : IE
Ivanhoe Electric Inc. — Financial statements
Materials · Copper · United States
Last price 7.72 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 1.23B
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Financial statements
Ivanhoe Electric Inc. (IE) reported revenue of 3.02M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.02M | 3.24M | 2.90M | 3.90M | 8.44M | 4.65M |
| Cost of Revenue | 1.25M | 1.13M | 1.02M | 2.99M | 3.13M | 1.52M |
| Gross Profit | 1.77M | 2.12M | 1.88M | 917.00K | 5.30M | 3.13M |
| Selling, General & Admin | 36.07M | 39.27M | 45.04M | 48.48M | 27.14M | 20.55M |
| Research & Development | 746.00K | 275.00K | 2.85M | 6.12M | 5.04M | 3.83M |
| Operating Expenses | 122.69M | 115.67M | 178.83M | 181.32M | 137.47M | 63.88M |
| Operating Income | -120.92M | -113.55M | -176.95M | -180.40M | -132.16M | -60.75M |
| Interest Expense | -1.98M | -4.14M | -2.58M | -2.96M | -972.00K | -1.53M |
| Earnings From Equity Investments | -6.50M | -5.55M | -8.67M | -35.95M | -3.71M | -213.00K |
| Currency Exchange Gain (Loss) | 673.00K | -553.00K | -665.00K | 1.27M | -1.33M | 254.00K |
| Other Non Operating Income (Expenses) | -265.00K | -1.22M | -2.05M | 1.38M | -1.01M | -580.00K |
| EBT Excluding Unusual Items | -128.99M | -125.02M | -190.92M | -216.66M | -139.19M | -62.82M |
| Gain (Loss) on Sale of Investments | -1.45M | -634.00K | ||||
| Gain (Loss) on Sale of Assets | 132.72M | 50.69M | ||||
| Asset Writedown | 2.54M | -18.00K | ||||
| Other Unusual Items | -18.96M | -4.57M | ||||
| Pretax Income | 6.27M | -125.03M | -140.24M | -216.66M | -159.60M | -68.03M |
| Income Tax Expense | 12.16M | 12.00K | 32.00K | -584.00K | 618.00K | 484.00K |
| Earnings From Continuing Operations | -5.89M | -125.05M | -140.27M | -216.07M | -160.22M | -68.51M |
| Minority Interest in Earnings | -28.54M | 19.17M | 11.65M | 16.70M | 10.41M | 9.19M |
| Net Income | -34.42M | -105.87M | -128.62M | -199.38M | -149.81M | -59.32M |
| Net Income to Common | -34.42M | -105.87M | -128.62M | -199.38M | -149.81M | -59.32M |
| Shares Outstanding (Basic) | 146.41M | 133.58M | 120.38M | 102.49M | 78.53M | 61.50M |
| Shares Outstanding (Diluted) | 146.41M | 133.58M | 120.38M | 102.49M | 78.53M | 61.50M |
| EPS (Basic) | -0.24 | -0.79 | -1.07 | -1.95 | -1.91 | -0.96 |
| EPS (Diluted) | -0.24 | -0.79 | -1.07 | -1.95 | -1.91 | -0.96 |
| Free Cash Flow | -133.96M | -94.31M | -175.67M | -232.60M | -160.15M | -66.22M |
| Free Cash Flow Per Share | -0.92 | -0.71 | -1.46 | -2.27 | -2.04 | -1.08 |
| Gross Margin | 58.72% | 65.29% | 64.91% | 23.49% | 62.86% | 67.33% |
| Operating Margin | -3,999.87% | -3,500.40% | -6,099.65% | -4,622.14% | -1,565.94% | -1,305.87% |
| Profit Margin | -1,138.74% | -3,263.69% | -4,433.71% | -5,108.30% | -1,775.04% | -1,275.15% |
| Free Cash Flow Margin | -4,431.26% | -2,907.18% | -6,055.36% | -5,959.52% | -1,897.45% | -1,423.56% |
| EBITDA | -115.42M | -107.77M | -172.95M | -177.76M | -122.25M | -56.50M |
| D&A For EBITDA | 5.49M | 5.79M | 4.00M | 2.64M | 9.91M | 4.25M |
| EBIT | -120.92M | -113.55M | -176.95M | -180.40M | -132.16M | -60.75M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 256.88M | 173.26M | 40.97M | 205.04M | 139.66M | 49.85M |
| Cash & Short-Term Investments | 256.88M | 173.26M | 40.97M | 205.04M | 139.66M | 49.85M |
| Accounts Receivable | 2.00K | 14.00K | 762.00K | 1.04M | 1.50M | 1.39M |
| Other Receivables | 7.74M | 512.00K | 20.81M | 2.29M | ||
| Receivables | 7.74M | 526.00K | 21.57M | 3.33M | 1.50M | 1.39M |
| Inventory | 5.01M | 5.65M | 5.88M | |||
| Prepaid Expenses | 3.96M | 3.39M | 2.41M | 3.10M | 4.23M | 1.15M |
| Restricted Cash | 1.55M | 3.01M | 4.34M | |||
| Total Current Assets | 270.13M | 180.19M | 69.29M | 216.49M | 151.03M | 58.27M |
| Property, Plant & Equipment | 225.50M | 233.43M | 235.54M | 222.94M | 90.69M | 75.56M |
| Long-Term Investments | 58.07M | 59.62M | 66.63M | 42.12M | 8.22M | 9.50M |
| Other Intangible Assets | 1.25M | 4.34M | ||||
| Other Long-Term Assets | 31.12M | 10.03M | 3.47M | 5.69M | 9.30M | 5.86M |
| Total Assets | 584.82M | 483.27M | 374.93M | 487.23M | 260.49M | 153.53M |
| Accounts Payable | 16.22M | 7.79M | 6.31M | 12.86M | 4.58M | 5.72M |
| Accrued Expenses | 6.46M | 2.37M | 3.48M | 6.67M | 2.89M | |
| Short-Term Debt | 5.00M | 4.00M | ||||
| Current Portion of Long-Term Debt | 35.19M | 33.74M | 12.41M | 12.67M | ||
| Current Portion of Leases | 715.00K | 1.08M | 784.00K | 699.00K | 706.00K | 342.00K |
| Current Unearned Revenue | 2.40M | 2.78M | 3.48M | |||
| Other Current Liabilities | 1.37M | 4.80M | 6.55M | 3.61M | 2.70M | 28.15M |
| Total Current Liabilities | 53.50M | 53.88M | 33.42M | 39.72M | 17.43M | 40.58M |
| Long-Term Debt | 55.10M | 64.62M | 35.93M | 78.83M | ||
| Long-Term Leases | 748.00K | 1.08M | 1.56M | 1.20M | 403.00K | 55.00K |
| Long-Term Deferred Tax Liabilities | 4.75M | 4.05M | 4.84M | 3.89M | 5.38M | |
| Other Long-Term Liabilities | 370.00K | 562.00K | 388.00K | 865.00K | ||
| Total Liabilities | 54.24M | 59.70M | 94.50M | 110.94M | 58.04M | 125.72M |
| Common Stock | 16.00K | 15.00K | 12.00K | 12.00K | 9.00K | 6.00K |
| Additional Paid-In Capital | 1.15B | 1.06B | 802.03M | 777.82M | 409.68M | 75.74M |
| Retained Earnings | -618.92M | -636.00M | -530.13M | -401.50M | -202.13M | -52.31M |
| Comprehensive Income & Other | -4.60M | -3.61M | -3.28M | -2.07M | -1.19M | -1.50M |
| Total Common Equity | 525.82M | 416.11M | 268.64M | 374.25M | 206.38M | 21.93M |
| Minority Interest | 4.76M | 7.46M | 11.79M | 2.03M | -3.93M | 5.88M |
| Shareholders' Equity | 530.58M | 423.57M | 280.43M | 376.28M | 202.45M | 27.81M |
| Total Liabilities & Equity | 584.82M | 483.27M | 374.93M | 487.23M | 260.49M | 153.53M |
| Total Debt | 36.65M | 35.90M | 74.86M | 83.19M | 37.04M | 79.23M |
| Net Cash (Debt) | 220.23M | 137.37M | -33.89M | 121.86M | 102.62M | -29.38M |
| Net Cash Per Share | 1.50 | 1.03 | -0.28 | 1.19 | 1.31 | -0.48 |
| Filing Date Shares Outstanding | 159.59M | 157.42M | 132.57M | 120.31M | 92.97M | 63.93M |
| Total Common Shares Outstanding | 159.59M | 145.51M | 120.61M | 120.03M | 92.96M | 63.93M |
| Working Capital | 216.63M | 126.32M | 35.87M | 176.76M | 133.60M | 17.68M |
| Book Value Per Share | 3.29 | 2.86 | 2.23 | 3.12 | 2.22 | 0.34 |
| Tangible Book Value | 525.82M | 416.11M | 268.64M | 374.25M | 205.13M | 17.59M |
| Tangible Book Value Per Share | 3.29 | 2.86 | 2.23 | 3.12 | 2.21 | 0.28 |
| Land | 720.00K | |||||
| Machinery | 3.48M | |||||
| Leasehold Improvements | 582.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -34.42M | -105.87M | -128.62M | -199.38M | -149.81M | -59.32M |
| Depreciation & Amortization | 5.49M | 5.79M | 4.00M | 2.64M | 9.91M | 4.25M |
| Loss (Gain) From Sale of Assets | -132.72M | -50.69M | ||||
| Asset Writedown & Restructuring Costs | -2.54M | 18.00K | ||||
| Loss (Gain) From Sale of Investments | 1.45M | 634.00K | ||||
| Loss (Gain) on Equity Investments | 6.50M | 5.55M | 8.67M | 35.95M | 3.71M | 213.00K |
| Stock-Based Compensation | 11.04M | 11.66M | 14.96M | 20.96M | 4.83M | 3.67M |
| Provision & Write-off of Bad Debts | 5.30M | 10.30M | ||||
| Other Operating Activities | 30.78M | -14.81M | -5.17M | -11.95M | 16.66M | -2.89M |
| Change in Accounts Receivable | -293.00K | 1.04M | 385.00K | -1.83M | -112.00K | 1.46M |
| Change in Inventory | -2.08M | -2.34M | ||||
| Change in Accounts Payable | 8.47M | 603.00K | -7.86M | 1.88M | 2.73M | 6.26M |
| Change in Other Net Operating Assets | -3.63M | -3.48M | 2.22M | 1.21M | -3.02M | 232.00K |
| Operating Cash Flow | -106.01M | -89.20M | -162.10M | -150.51M | -115.73M | -47.83M |
| Capital Expenditures | -27.95M | -5.11M | -13.57M | -82.08M | -44.41M | -18.39M |
| Cash Acquisitions | 227.00K | |||||
| Divestitures | 131.30M | 9.70M | ||||
| Investment in Securities | -6.25M | -1.13M | -68.68M | -3.97M | -870.00K | |
| Other Investing Activities | -1.30M | -3.37M | ||||
| Investing Cash Flow | 95.80M | 4.59M | -14.47M | -150.77M | -48.38M | -22.63M |
| Short-Term Debt Issued | 5.00M | 5.00M | 4.00M | 10.00M | ||
| Long-Term Debt Issued | 86.20M | 72.86M | ||||
| Total Debt Issued | 2.50M | 5.00M | 5.00M | 4.00M | 96.20M | 72.86M |
| Short-Term Debt Repaid | -10.00M | |||||
| Long-Term Debt Repaid | -36.24M | -12.08M | ||||
| Total Debt Repaid | -35.74M | -46.24M | -12.08M | |||
| Net Debt Issued (Repaid) | -33.24M | -41.24M | -7.08M | 4.00M | 96.20M | 72.86M |
| Issuance of Common Stock | 258.56M | 237.10M | 867.00K | 323.04M | 158.23M | 32.83M |
| Other Financing Activities | -45.37M | 18.87M | 25.11M | 39.41M | -21.00K | 5.29M |
| Financing Cash Flow | 179.95M | 214.72M | 18.89M | 366.45M | 254.41M | 110.98M |
| Foreign Exchange Rate Adjustments | -612.00K | 855.00K | -2.06M | 210.00K | -482.00K | -3.00K |
| Net Cash Flow | 169.14M | 130.96M | -159.73M | 65.38M | 89.81M | 40.51M |
| Free Cash Flow | -133.96M | -94.31M | -175.67M | -232.60M | -160.15M | -66.22M |
| Free Cash Flow Margin | -4,431.26% | -2,907.18% | -6,055.36% | -5,959.52% | -1,897.45% | -1,423.56% |
| Free Cash Flow Per Share | -0.92 | -0.71 | -1.46 | -2.27 | -2.04 | -1.08 |
| Levered Free Cash Flow | -79.96M | -36.00M | -130.81M | -167.53M | -139.35M | -18.97M |
| Unlevered Free Cash Flow | -78.72M | -33.41M | -129.20M | -165.68M | -138.74M | -18.02M |
| Cash Interest Paid | 3.53M | 3.53M | 4.69M | 3.72M | ||
| Cash Income Tax Paid | 12.20M | 29.00K | 1.92M | 1.20M | 666.00K | 634.00K |
| Change in Working Capital | 4.55M | -1.83M | -5.25M | 1.26M | -2.48M | 5.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.26B | 2.31B | 909.44M | 1.20B | 1.13B | |
| Enterprise Value | 1.04B | 2.33B | 923.69M | 1.07B | 977.19M | |
| Last Close Price | 7.72 | 15.98 | 7.55 | 10.08 | 12.15 | |
| PS Ratio | 407.55 | 712.87 | 313.49 | 307.43 | 133.72 | |
| PB Ratio | 2.34 | 5.46 | 3.24 | 3.19 | 5.58 | |
| P/TBV Ratio | 2.34 | 5.56 | 3.38 | 3.21 | 5.50 | |
| EV/Sales Ratio | 334.70 | 718.47 | 318.41 | 273.00 | 115.78 | |
| Debt / Equity Ratio | 0.07 | 0.09 | 0.27 | 0.22 | 0.18 | 2.85 |
| Net Debt / Equity Ratio | -0.41 | -0.32 | 0.12 | -0.32 | -0.51 | 1.06 |
| Net Debt / EBITDA Ratio | 1.91 | 1.27 | -0.20 | 0.69 | 0.84 | -0.52 |
| Net Debt / FCF Ratio | 1.64 | 1.46 | -0.19 | 0.52 | 0.64 | -0.44 |
| Asset Turnover | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.04 |
| Inventory Turnover | 0.56 | 0.54 | 0.32 | |||
| Quick Ratio | 4.95 | 3.23 | 1.87 | 5.25 | 8.10 | 1.26 |
| Current Ratio | 5.05 | 3.35 | 2.07 | 5.45 | 8.66 | 1.44 |
| Return on Equity (ROE) | -1.40% | -35.52% | -42.72% | -74.67% | -139.16% | -179.10% |
| Return on Assets (ROA) | -15.34% | -16.54% | -25.66% | -30.16% | -39.90% | -33.71% |
| Return on Capital Employed (ROCE) | -22.80% | -26.40% | -51.80% | -40.30% | -54.40% | -53.80% |
| Earnings Yield | -2.98% | -4.58% | -14.14% | -16.62% | -13.27% | |
| FCF Yield | -10.87% | -4.08% | -19.32% | -19.38% | -14.19% | |
| Buyback Yield / Dilution | -17.08% | -10.97% | -17.45% | -30.52% | -27.68% | -2.66% |