ioneer Ltd (IONR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for Q2 FY2026, filed Mar 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IONR SEC filings page.
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).
ioneer remains a pre-revenue, equity-funded business whose reported losses require ongoing financing rather than operating cash generation.
Cash conversion is less negative than accounting earnings: in FY2025, the net loss was$9.6M while operating cash flow was-$6.8M , and the same direction appeared in FY2024. That gap means reported expenses exceeded immediate cash outflows, so the loss is not a one-for-one measure of cash consumption.
The balance sheet is lightly leveraged: FY2025 assets were
Assets expanded from
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
None of these metrics is reported for Q2 2026.
Cash & Balance Sheet
ioneer Ltd held $17.9M in cash against $184K in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
IONR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
IONR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-K | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $232.5M+5.2% | $233.5M+4.0% | $221.1M+9.6% | $224.5M+8.8% | $201.7M | $206.3M-3.2% | $213.2M+43.0% | $149.2M |
| Current Assets | $18.4M-17.0% | $25.3M-29.9% | $22.1M-22.7% | $36.1M-32.0% | $28.6M | $53.1M-43.7% | $94.3M+50.4% | $62.7M |
| Cash & Equivalents | $17.9M-17.1% | $25.1M-29.8% | $21.6M-23.0% | $35.7M-32.2% | $28.0M | $52.7M-44.0% | $94.2M+50.7% | $62.5M |
| Accounts Receivable | $508K-13.9% | $208K-35.8% | $590K-8.1% | $324K-8.2% | $642K | $353K+150.4% | $141K-44.3% | $253K |
| Total Liabilities | $2.3M-51.0% | $3.2M-48.1% | $4.7M-12.2% | $6.3M-29.9% | $5.4M | $8.9M-6.6% | $9.5M+74.5% | $5.5M |
| Current Liabilities | $2.1M-54.6% | $3.0M-52.1% | $4.7M-11.7% | $6.2M-29.7% | $5.3M | $8.8M-6.5% | $9.5M+74.7% | $5.4M |
| Non-Current Liabilities | $184K+534.5% | $267K+535.7% | $29K-51.7% | $42K-46.2% | $60K | $78K-10.3% | $87K+47.5% | $59K |
| Long-Term Debt | $184K+534.5% | $267K+535.7% | $29K-51.7% | $42K-46.2% | $60K | $78K-10.3% | $87K+47.5% | $59K |
| Total Equity | $230.2M+6.4% | $230.3M+5.5% | $216.4M+10.2% | $218.2M+10.5% | $196.3M | $197.4M-3.1% | $203.7M+41.8% | $143.7M |
| Retained Earnings | -$74.0M-13.7% | -$69.9M-15.8% | -$65.1M-17.7% | -$60.4M-14.9% | -$55.3M | -$52.5M-13.9% | -$46.1M-22.6% | -$37.6M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
IONR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ioneer Ltd IONR | FY2025 | $0 | -$9.6M | N/A | $225.2M | — |
| Piedmont Lithium Inc. PLL | FY2024 | $99.9M | -$64.8M | -64.8% | $159.1M | 49/100 |
| Fury Gold Mines Limited FURY | FY2021 | N/A | $16.8M | N/A | $97.6M | — |
| Largo Inc. LGO | FY2025 | $109.9M | -$68.7M | -62.5% | $54.6M | 10/100 |
| Atlas Lithium Corporation ATLX | FY2025 | $121K | -$28.1M | N/A | $72.5M | — |
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 P/E ratio?
ioneer Ltd (IONR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $225.2M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ioneer Ltd's price-to-sales ratio?
ioneer Ltd (IONR) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $225.2M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.