Ivanhoe Electric Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.2M | $2.9M | $3.9M | $8.4M | $4.7M |
| Cost of revenue | $1.1M | $1.0M | $3.0M | $3.1M | $1.5M |
| Gross profit | $2.1M | $1.9M | $917,000 | $5.3M | $3.1M |
| Research and development | $275,000 | $2.9M | $6.1M | $5.0M | $3.8M |
| Operating income | -$113.6M | -$177.0M | -$180.4M | -$132.2M | -$60.7M |
| Interest expense | $2.8M | $2.9M | $3.7M | $2.1M | $1.5M |
| Pretax income | — | — | — | -$159.6M | -$68.0M |
| Income tax expense | $12,000 | $32,000 | -$584,000 | $618,000 | $484,000 |
| Net income | -$105.9M | -$128.6M | -$199.4M | -$160.2M | -$68.5M |
| Balance Sheet | |||||
| Cash and equivalents | $173.3M | $41.0M | $205.0M | $139.7M | $49.9M |
| Current assets | $180.2M | $69.3M | $216.5M | $151.0M | $58.3M |
| Total assets | $483.3M | $374.9M | $487.2M | $260.5M | $153.5M |
| Current liabilities | $53.9M | $33.4M | $39.7M | $17.4M | $40.6M |
| Total liabilities | $59.7M | $94.5M | $110.9M | $58.0M | $125.7M |
| Stockholders' equity | $416.1M | $268.6M | $374.2M | $206.4M | $21.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$89.2M | -$162.1M | -$150.5M | -$115.7M | -$47.8M |
| Depreciation and amortization | $3.0M | $2.7M | $2.6M | $4.2M | $4.2M |
| Stock-based compensation | $11.7M | $15.0M | $21.0M | $4.8M | $3.7M |
| Capital expenditure | $1.2M | $2.9M | $1.6M | $8.5M | $4.0M |
| Free cash flow | -$90.4M | -$165.0M | -$152.1M | -$124.2M | -$51.8M |
| Impairments | $2.6M | $0 | $0 | — | — |
Shares outstanding 158.3M · Free float 75.9%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.