Ivanhoe Electric Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ivanhoe Electric Inc. has an operating margin of -6099.7%, meaning the company retains $-6100 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -4622.1% the prior year.
Ivanhoe Electric Inc.'s revenue declined 25.7% year-over-year, from $3.9M to $2.9M. This contraction results in a growth score of 0/100.
Ivanhoe Electric Inc. carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Ivanhoe Electric Inc.'s current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
While Ivanhoe Electric Inc. generated -$162.1M in operating cash flow, capex of $2.9M consumed most of it, leaving -$165.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ivanhoe Electric Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ivanhoe Electric Inc. generates $1.16 in operating cash flow (-$162.1M OCF vs -$140.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ivanhoe Electric Inc. earns $-61.0 in operating income for every $1 of interest expense (-$177.0M vs $2.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Ivanhoe Electric Inc. (IE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Ivanhoe Electric Inc. generated $2.9M in revenue in fiscal year 2024. This represents a decrease of 25.7% from the prior year.
Ivanhoe Electric Inc.'s EBITDA was -$174.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.0% from the prior year.
Ivanhoe Electric Inc. generated -$165.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 8.5% from the prior year.
Ivanhoe Electric Inc. reported -$140.3M in net income in fiscal year 2024. This represents an increase of 35.1% from the prior year.
Ivanhoe Electric Inc. earned $1.07 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 45.1% from the prior year.
Ivanhoe Electric Inc. held $41.0M in cash against $0 in long-term debt as of fiscal year 2024.
Ivanhoe Electric Inc. had 121M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Ivanhoe Electric Inc.'s gross margin was 64.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 41.4 percentage points from the prior year.
Ivanhoe Electric Inc.'s operating margin was -6099.7% in fiscal year 2024, reflecting core business profitability. This is down 1477.5 percentage points from the prior year.
Ivanhoe Electric Inc.'s net profit margin was -4835.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 700.9 percentage points from the prior year.
Ivanhoe Electric Inc. invested $2.9M in research and development in fiscal year 2024. This represents a decrease of 53.4% from the prior year.
Ivanhoe Electric Inc. invested $2.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 85.7% from the prior year.
IE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $545K-49.0% | $1.1M+45.3% | $735K-44.8% | $1.3M+147.6% | $538K+49.4% | $360K-78.5% | $1.7M+599.2% | $239K |
| Cost of Revenue | $266K-9.5% | $294K+0.3% | $293K-37.7% | $470K+144.8% | $192K+92.0% | $100K-92.1% | $1.3M+362.2% | $275K |
| Gross Profit | $279K-64.0% | $774K+75.1% | $442K-48.7% | $862K+149.1% | $346K+33.1% | $260K-35.0% | $400K+1211.1% | -$36K |
| R&D Expenses | $54K-1.8% | $55K+5.8% | $52K-84.2% | $330K-60.8% | $842K+4.0% | $810K-9.2% | $892K-28.5% | $1.2M |
| SG&A Expenses | $9.1M-6.1% | $9.7M-16.1% | $11.6M+9.4% | $10.6M-1.0% | $10.7M-15.1% | $12.6M-6.4% | $13.5M+17.7% | $11.4M |
| Operating Income | -$23.6M+8.0% | -$25.6M+5.1% | -$27.0M+9.1% | -$29.7M+38.8% | -$48.5M+14.7% | -$56.9M-19.9% | -$47.5M-1.0% | -$47.0M |
| Interest Expense | N/A | N/A | $1.7M | N/A | N/A | $1.8M-65.9% | $5.3M+410.6% | -$1.7M |
| Income Tax | $0 | $0 | $0-100.0% | $58K | $0+100.0% | -$26K+93.2% | -$384K | $0 |
| Net Income | -$17.5M+26.5% | -$23.9M+30.1% | -$34.1M-446.8% | $9.8M+121.0% | -$46.8M+22.2% | -$60.1M-21.7% | -$49.4M+40.7% | -$83.3M |
| EPS (Diluted) | $0.13-27.8% | $0.18-25.0% | $0.24+271.4% | $-0.14-135.9% | $0.39-15.2% | $0.46+12.2% | $0.41-44.6% | $0.74 |
IE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $386.2M-3.6% | $400.5M-3.4% | $414.4M+10.5% | $374.9M-9.9% | $416.3M-9.7% | $461.2M-5.4% | $487.2M-8.6% | $532.9M |
| Current Assets | $87.7M-15.9% | $104.3M-8.7% | $114.3M+64.9% | $69.3M-52.9% | $147.0M-23.4% | $191.8M-11.4% | $216.5M-17.0% | $260.8M |
| Cash & Equivalents | $69.5M-21.1% | $88.0M-10.3% | $98.2M+139.6% | $41.0M-69.4% | $133.8M-25.4% | $179.4M-12.5% | $205.0M-17.7% | $249.0M |
| Inventory | N/A | N/A | N/A | $0-100.0% | $5.5M+3.7% | $5.3M+6.0% | $5.0M+5.4% | $4.8M |
| Accounts Receivable | $81K+912.5% | $8K-92.8% | $111K-85.4% | $762K-70.9% | $2.6M-39.4% | $4.3M+314.9% | $1.0M-56.8% | $2.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $92.4M+3.0% | $89.7M-9.4% | $99.0M+4.8% | $94.5M-16.5% | $113.1M+1.5% | $111.4M+0.4% | $110.9M-23.0% | $144.1M |
| Current Liabilities | $62.0M+128.4% | $27.1M-27.0% | $37.2M+11.3% | $33.4M-16.9% | $40.2M+2.5% | $39.2M-1.3% | $39.7M-36.4% | $62.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $280.1M-4.5% | $293.3M-4.4% | $307.0M+14.3% | $268.6M-7.1% | $289.2M-12.8% | $331.5M-11.4% | $374.3M-3.6% | $388.2M |
| Retained Earnings | -$602.0M-3.0% | -$584.5M-4.3% | -$560.6M-5.8% | -$530.1M-5.2% | -$503.8M-10.2% | -$457.0M-13.8% | -$401.5M-13.3% | -$354.3M |
IE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$27.7M-38.6% | -$20.0M-26.8% | -$15.8M+48.6% | -$30.7M+31.1% | -$44.5M+10.8% | -$50.0M-14.7% | -$43.5M-5.8% | -$41.1M |
| Capital Expenditures | -$92K-107.3% | $1.3M+62700.0% | $2K-99.9% | $1.7M+236.3% | $504K-25.0% | $672K+54.1% | $436K-25.5% | $585K |
| Free Cash Flow | -$27.8M-30.9% | -$21.3M-34.7% | -$15.8M+51.3% | -$32.4M+28.1% | -$45.0M+11.0% | -$50.6M-15.1% | -$44.0M-5.4% | -$41.7M |
| Investing Cash Flow | $9.8M+592.6% | -$2.0M-99250.0% | -$2K+99.9% | -$1.7M-35.7% | -$1.2M+14.9% | -$1.5M+95.9% | -$36.1M+51.0% | -$73.8M |
| Financing Cash Flow | $2.1M-79.0% | $10.1M-85.7% | $70.8M+951.8% | -$8.3M-874.1% | $1.1M-95.9% | $26.0M-26.7% | $35.5M-88.2% | $300.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.2%-21.3pp | 72.5%+12.3pp | 60.1%-4.6pp | 64.7%+0.4pp | 64.3%-7.9pp | 72.2%+48.3pp | 23.9%+39.0pp | -15.1% |
| Operating Margin | -4328.3%-1928.0pp | -2400.3%+1273.7pp | -3674.0%-1444.7pp | -2229.4%+6794.1pp | -9023.4%+6776.9pp | -15800.3%-12960.3pp | -2840.0%+16813.6pp | -19653.6% |
| Net Margin | -3214.9%-981.6pp | -2233.2%+2411.8pp | -4645.0%-5384.1pp | 739.0%+9434.8pp | -8695.7%+7997.3pp | -16693.1%-13737.5pp | -2955.6%+31881.2pp | -34836.8% |
| Return on Equity | N/A | N/A | N/A | 3.7% | N/A | N/A | N/A | N/A |
| Return on Assets | -4.5%+1.4pp | -6.0%+2.3pp | -8.2%-10.9pp | 2.6%+13.9pp | -11.2%+1.8pp | -13.0%-2.9pp | -10.1%+5.5pp | -15.6% |
| Current Ratio | 1.41-2.4 | 3.84+0.8 | 3.07+1.0 | 2.07-1.6 | 3.66-1.2 | 4.89-0.6 | 5.45+1.3 | 4.17 |
| Debt-to-Equity | 0.33+0.0 | 0.31-0.0 | 0.32-0.0 | 0.35-0.0 | 0.39+0.1 | 0.34+0.0 | 0.30-0.1 | 0.37 |
| FCF Margin | -5103.9%-3113.8pp | -1990.1%+156.5pp | -2146.5%+285.9pp | -2432.4%+5940.4pp | -8372.9%+5691.3pp | -14064.2%-11432.3pp | -2631.9%+14827.1pp | -17459.0% |
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Frequently Asked Questions
What is Ivanhoe Electric Inc.'s annual revenue?
Ivanhoe Electric Inc. (IE) reported $2.9M in total revenue for fiscal year 2024. This represents a -25.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ivanhoe Electric Inc.'s revenue growing?
Ivanhoe Electric Inc. (IE) revenue declined by 25.7% year-over-year, from $3.9M to $2.9M in fiscal year 2024.
Is Ivanhoe Electric Inc. profitable?
No, Ivanhoe Electric Inc. (IE) reported a net income of -$140.3M in fiscal year 2024, with a net profit margin of -4835.2%.
What is Ivanhoe Electric Inc.'s earnings per share (EPS)?
Ivanhoe Electric Inc. (IE) reported diluted earnings per share of $1.07 for fiscal year 2024. This represents a -45.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ivanhoe Electric Inc.'s EBITDA?
Ivanhoe Electric Inc. (IE) had EBITDA of -$174.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ivanhoe Electric Inc.'s gross margin?
Ivanhoe Electric Inc. (IE) had a gross margin of 64.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ivanhoe Electric Inc.'s operating margin?
Ivanhoe Electric Inc. (IE) had an operating margin of -6099.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ivanhoe Electric Inc.'s net profit margin?
Ivanhoe Electric Inc. (IE) had a net profit margin of -4835.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ivanhoe Electric Inc.'s free cash flow?
Ivanhoe Electric Inc. (IE) generated -$165.0M in free cash flow during fiscal year 2024. This represents a -8.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ivanhoe Electric Inc.'s operating cash flow?
Ivanhoe Electric Inc. (IE) generated -$162.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ivanhoe Electric Inc.'s total assets?
Ivanhoe Electric Inc. (IE) had $374.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ivanhoe Electric Inc.'s capital expenditures?
Ivanhoe Electric Inc. (IE) invested $2.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ivanhoe Electric Inc. spend on research and development?
Ivanhoe Electric Inc. (IE) invested $2.9M in research and development during fiscal year 2024.
How many shares does Ivanhoe Electric Inc. have outstanding?
Ivanhoe Electric Inc. (IE) had 121M shares outstanding as of fiscal year 2024.
What is Ivanhoe Electric Inc.'s current ratio?
Ivanhoe Electric Inc. (IE) had a current ratio of 2.07 as of fiscal year 2024, which is generally considered healthy.
What is Ivanhoe Electric Inc.'s debt-to-equity ratio?
Ivanhoe Electric Inc. (IE) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ivanhoe Electric Inc.'s return on assets (ROA)?
Ivanhoe Electric Inc. (IE) had a return on assets of -37.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ivanhoe Electric Inc.'s cash runway?
Based on fiscal year 2024 data, Ivanhoe Electric Inc. (IE) had $41.0M in cash against an annual operating cash burn of $162.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ivanhoe Electric Inc.'s Piotroski F-Score?
Ivanhoe Electric Inc. (IE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ivanhoe Electric Inc.'s earnings high quality?
Ivanhoe Electric Inc. (IE) has an earnings quality ratio of 1.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ivanhoe Electric Inc. cover its interest payments?
Ivanhoe Electric Inc. (IE) has an interest coverage ratio of -61.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ivanhoe Electric Inc.?
Ivanhoe Electric Inc. (IE) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.