ioneer Ltd Financials
ioneer Ltd (IONR) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Cash burn stays modest relative to assets, but equity issuance rather than debt is funding the asset buildout.
From FY2023 to FY2025, total assets climbed from$206.3M to$233.5M . Over the same stretch, cash on hand fell from$52.7M to$25.1M , which suggests financing cash is being converted into longer-lived project assets instead of supporting a debt-heavy balance sheet.
Earnings quality looks relatively straightforward: FY2025 net loss was
Solvency is conservative even though cash is lower, with FY2025 liabilities of only
Financial Health Signals
ioneer Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
ioneer Ltd passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
ioneer Ltd reported a net loss of $9.6M while operations used $6.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
ioneer Ltd generated $0 in revenue in fiscal year 2025.
ioneer Ltd reported -$9.6M in net income in fiscal year 2025. This represents a decrease of 22.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
ioneer Ltd recorded an outflow of $6.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 5.5% from the prior year.
ioneer Ltd held $25.1M in cash against $267K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
ioneer Ltd's ROE was -4.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
ioneer Ltd reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
IONR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $2K0.0% | $2K-80.0% | $10K+100.0% | $5K-50.0% | $10K |
| Income Tax | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$9.6M-22.1% | -$7.8M-22.4% | -$6.4M+24.8% | -$8.5M+39.4% | -$14.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
IONR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $233.5M+4.0% | $224.5M+8.8% | $206.3M-3.2% | $213.2M+43.0% | $149.2M |
| Current Assets | $25.3M-29.9% | $36.1M-32.0% | $53.1M-43.7% | $94.3M+50.4% | $62.7M |
| Cash & Equivalents | $25.1M-29.8% | $35.7M-32.2% | $52.7M-44.0% | $94.2M+50.7% | $62.5M |
| Accounts Receivable | $208K-35.8% | $324K-8.2% | $353K+150.4% | $141K-44.3% | $253K |
| Total Liabilities | $3.2M-48.1% | $6.3M-29.9% | $8.9M-6.6% | $9.5M+74.5% | $5.5M |
| Current Liabilities | $3.0M-52.1% | $6.2M-29.7% | $8.8M-6.5% | $9.5M+74.7% | $5.4M |
| Long-Term Debt | $267K+535.7% | $42K-46.2% | $78K-10.3% | $87K+47.5% | $59K |
| Total Equity | $230.3M+5.5% | $218.2M+10.5% | $197.4M-3.1% | $203.7M+41.8% | $143.7M |
| Retained Earnings | -$69.9M-15.8% | -$60.4M-14.9% | -$52.5M-13.9% | -$46.1M-22.6% | -$37.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
IONR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M+5.5% | -$7.2M+10.8% | -$8.1M+13.7% | -$9.3M-92.8% | -$4.8M |
| Capital Expenditures | $0-100.0% | $2K-99.7% | $601K | $0-100.0% | $5K |
| Free Cash Flow | -$6.8M+5.5% | -$7.2M+17.0% | -$8.7M+7.2% | -$9.3M-92.6% | -$4.9M |
| Investing Cash Flow | -$13.8M+60.9% | -$35.4M-9.0% | -$32.5M-14.4% | -$28.4M-60.7% | -$17.7M |
| Financing Cash Flow | $10.2M-60.0% | $25.5M+11427.1% | -$225K-100.3% | $75.4M+28.5% | $58.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
IONR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Return on Equity | -4.2%-0.6pp | -3.6%-0.4pp | -3.2%+0.9pp | -4.2%+5.6pp | -9.8% |
| Return on Assets | -4.1%-0.6pp | -3.5%-0.4pp | -3.1%+0.9pp | -4.0%+5.4pp | -9.4% |
| Current Ratio | 8.49+2.7x | 5.80-0.2x | 6.00-4.0x | 9.97-1.6x | 11.59 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where ioneer Ltd Ranks
Frequently Asked Questions
What is ioneer Ltd's annual revenue?
ioneer Ltd (IONR) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is ioneer Ltd profitable?
No, ioneer Ltd (IONR) reported a net income of -$9.6M in fiscal year 2025.
How much debt does ioneer Ltd have?
As of fiscal year 2025, ioneer Ltd (IONR) had $25.1M in cash and equivalents against $267K in long-term debt.
What is ioneer Ltd's return on equity (ROE)?
ioneer Ltd (IONR) has a return on equity of -4.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ioneer Ltd's free cash flow?
ioneer Ltd (IONR) recorded an outflow of $6.8M in free cash flow during fiscal year 2025. This represents a 5.5% 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 ioneer Ltd's operating cash flow?
ioneer Ltd (IONR) recorded an outflow of $6.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ioneer Ltd's total assets?
ioneer Ltd (IONR) had $233.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are ioneer Ltd's capital expenditures?
ioneer Ltd (IONR) reported no capital expenditure during fiscal year 2025.
What is ioneer Ltd's current ratio?
ioneer Ltd (IONR) had a current ratio of 8.49 as of fiscal year 2025, which is generally considered healthy.
What is ioneer Ltd's debt-to-equity ratio?
ioneer Ltd (IONR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ioneer Ltd's return on assets (ROA)?
ioneer Ltd (IONR) had a return on assets of -4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ioneer Ltd's cash runway?
Based on fiscal year 2025 data, ioneer Ltd (IONR) had $25.1M in cash against an annual operating cash burn of $6.8M. This gives an estimated cash runway of approximately 44 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 ioneer Ltd's Piotroski F-Score?
ioneer Ltd (IONR) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ioneer Ltd's earnings high quality?
ioneer Ltd (IONR) reported a net loss of $9.6M while operations used $6.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.