Ivanhoe Electric Inc (IVNHW) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IVNHW SEC filings page.
Ivanhoe Electric Inc (IVNHW) reported $3.4M in revenue over the twelve months to Mar 31, 2026, up 2.8% from the prior twelve months. 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).
External financing, not operating scale, remains the dominant mechanic behind a low-revenue business with persistent cash deficits.
The cash conversion gap is narrow: FY2025 operating cash flow was-$89.2M against a net loss of-$105.9M , so reported losses translated into cash needs rather than being mainly non-cash. A$214.7M financing inflow more than offset that operating cash use, while shares rose from 120.6M to 145.5M, making funding activity—not sales—the main balance-sheet support.
Gross margin recovered from
The balance sheet became less liability-heavy: FY2025 total liabilities were
Financial Health Signals
Ivanhoe Electric Inc 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.
Ivanhoe Electric Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Ivanhoe Electric Inc reported a net loss of $105.9M while operations used $89.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Ivanhoe Electric Inc reported an operating loss of $113.6M against $2.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Ivanhoe Electric Inc generated $858K in revenue in Q1 2026. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is down 4.2%.
Ivanhoe Electric Inc's EBITDA was $97.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 468.9% from the same quarter a year earlier.
Ivanhoe Electric Inc reported $41.7M in net income in Q1 2026. This represents an increase of 236.8% from the same quarter a year earlier. Against the prior quarter it is up 222.8%.
Ivanhoe Electric Inc earned -$0.26 per diluted share (EPS) in Q1 2026. This represents a decrease of 208.3% from the same quarter a year earlier.
Cash & Balance Sheet
Ivanhoe Electric Inc recorded an outflow of $42.9M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 68.4% from the same quarter a year earlier. Against the prior quarter it is down 66.7%.
Ivanhoe Electric Inc held $289.8M in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Margins & Returns
Ivanhoe Electric Inc's gross margin was 58.9% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.7 percentage points.
Ivanhoe Electric Inc's ROE was 7.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 17.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.9 percentage points.
Not shown for Q1 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Ivanhoe Electric Inc invested $404K in research and development in Q1 2026. This represents an increase of 676.9% from the same quarter a year earlier. Against the prior quarter it is up 254.4%.
Ivanhoe Electric Inc invested $597K in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 29750.0% from the same quarter a year earlier. Against the prior quarter it is up 1513.5%.
Not reported for Q1 2026.
IVNHW 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $858K+16.7% | $896K-32.7% | $545K-18.8% | $1.1M+98.5% | $735K+104.2% | $1.3M-20.3% | $671K+180.8% | $538K-59.1% |
| Cost of Revenue | $353K+20.5% | $273K-41.9% | $266K+3.9% | $294K+53.1% | $293K+193.0% | $470K-63.0% | $256K-6.9% | $192K-84.7% |
| Gross Profit | $505K+14.3% | $623K-27.7% | $279K-32.8% | $774K+123.7% | $442K+70.0% | $862K+115.5% | $415K+1252.8% | $346K+496.6% |
| R&D Expenses | $404K+676.9% | $114K-65.5% | $54K-93.8% | $55K-93.5% | $52K-93.6% | $330K-63.0% | $871K-30.2% | $842K-60.6% |
| SG&A Expenses | $9.9M-14.9% | $8.8M-16.8% | $9.1M-16.0% | $9.7M-9.1% | $11.6M-8.1% | $10.6M-21.4% | $10.9M-5.1% | $10.7M-15.5% |
| Operating Income | $96.8M+458.3% | -$37.3M-25.8% | -$23.6M+43.6% | -$25.6M+47.2% | -$27.0M+52.5% | -$29.7M+37.4% | -$41.8M+10.9% | -$48.5M-2.5% |
| EBITDA | $97.3M+468.9% | N/A | N/A | N/A | -$26.4M+53.1% | N/A | N/A | N/A |
| Interest Expense | $1.4M-12.9% | N/A | N/A | N/A | $1.7M-8.8% | N/A | N/A | N/A |
| Income Tax | $12.2M | $12K-79.3% | $0 | $0 | $0+100.0% | $58K+115.1% | $0 | $0+100.0% |
| Net Income | $41.7M+236.8% | -$34.0M-258.1% | -$17.5M+59.5% | -$23.9M+49.0% | -$30.5M+49.2% | $21.5M+165.7% | -$43.2M+48.1% | -$46.8M-4.3% |
| EPS (Basic) | -$0.27-212.5% | N/A | $0.13-63.9% | $0.18-53.8% | $0.24-47.8% | N/A | $0.36-51.4% | $0.39-4.9% |
| EPS (Diluted) | -$0.26-208.3% | N/A | $0.13-63.9% | $0.18-53.8% | $0.24-47.8% | N/A | $0.36-51.4% | $0.39-4.9% |
| Diluted Shares (Avg) | 158M+25.1% | N/A | 133M+10.4% | 133M+10.2% | 127M+5.3% | N/A | 120M+14.8% | 120M+29.2% |
IVNHW 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $594.3M+43.4% | $483.3M+28.9% | $386.2M+2.9% | $400.5M-3.8% | $414.4M-10.1% | $374.9M-23.0% | $375.4M-29.6% | $416.3M+34.4% |
| Current Assets | $301.5M+163.9% | $180.2M+160.1% | $87.7M-16.3% | $104.3M-29.1% | $114.3M-40.4% | $69.3M-68.0% | $104.7M-59.8% | $147.0M+92.1% |
| Cash & Equivalents | $289.8M+195.2% | $173.3M+322.9% | $69.5M-14.3% | $88.0M-34.2% | $98.2M-45.3% | $41.0M-80.0% | $81.1M-67.4% | $133.8M+109.7% |
| Inventory | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% | $5.5M+18.9% |
| Accounts Receivable | $157K+41.4% | $14K-98.2% | $81K-97.1% | $8K-99.7% | $111K-97.4% | $762K-26.8% | $2.8M+15.2% | $2.6M+22.9% |
| Total Liabilities | $48.6M-50.9% | $59.7M-36.8% | $92.4M-19.8% | $89.7M-20.7% | $99.0M-11.1% | $94.5M-14.8% | $115.2M-20.1% | $113.1M-20.9% |
| Current Liabilities | $48.2M+29.7% | $53.9M+61.2% | $62.0M+47.9% | $27.1M-32.5% | $37.2M-5.2% | $33.4M-15.9% | $41.9M-32.9% | $40.2M-35.7% |
| Non-Current Liabilities | $410K-99.3% | $5.8M-90.5% | $30.4M-58.5% | $62.5M-14.3% | $61.9M-14.3% | $61.1M-14.2% | $73.2M-10.3% | $72.9M-9.4% |
| Total Equity | $540.3M+76.0% | $416.1M+54.9% | $280.1M+12.0% | $293.3M+1.4% | $307.0M-7.4% | $268.6M-28.2% | $250.1M-35.6% | $289.2M+79.7% |
| Retained Earnings | -$594.3M-6.0% | -$636.0M-20.0% | -$602.0M-10.1% | -$584.5M-16.0% | -$560.6M-22.7% | -$530.1M-32.0% | -$547.0M-54.4% | -$503.8M-82.2% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.
IVNHW 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$42.3M-66.1% | -$25.7M+16.3% | -$27.7M+24.8% | -$10.3M+76.9% | -$25.5M+49.0% | -$30.7M+29.5% | -$36.9M+10.3% | -$44.5M-24.4% |
| Depreciation & Amortization | $564K-9.3% | N/A | N/A | N/A | $622K0.0% | N/A | N/A | N/A |
| Stock-Based Compensation | $2.6M-13.2% | N/A | $2.7M-32.3% | $3.4M-17.1% | $3.0M-11.1% | N/A | $4.0M-28.7% | $4.1M-25.1% |
| Capital Expenditures | $597K+29750.0% | $37K-97.8% | -$92K+55.9% | $1.3M+149.2% | $2K-99.7% | $1.7M+288.8% | $59K-89.9% | $504K+141.1% |
| Free Cash Flow | -$42.9M-68.4% | -$25.7M+20.6% | -$27.8M+24.7% | -$11.6M+74.3% | -$25.5M+49.7% | -$32.4M+26.3% | -$36.9M+11.5% | -$45.0M-25.1% |
| Investing Cash Flow | $115.2M+1088.0% | -$3.2M-89.5% | $9.8M+197.3% | -$11.7M-835.4% | $9.7M+760.8% | -$1.7M+95.3% | -$10.1M+86.4% | -$1.2M+96.7% |
| Financing Cash Flow | $43.0M-39.3% | $131.7M+1683.8% | $2.1M+1474.1% | $10.1M+840.5% | $70.8M+172.4% | -$8.3M-123.4% | $135K-100.0% | $1.1M-96.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
IVNHW 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.9%-1.3pp | 69.5%+4.8pp | 51.2%-10.7pp | 72.5%+8.2pp | 60.1%-12.1pp | 64.7%+40.8pp | 61.9%+76.9pp | 64.3%+59.9pp |
| Operating Margin | 11276.9% | -4167.8% | -4328.3% | -2400.3% | -3674.0% | -2229.4% | -6233.8% | -9023.4% |
| Net Margin | 4864.3% | -3793.2% | -3214.9% | -2233.2% | -4151.7% | 1613.5% | -6443.5% | -8695.7% |
| Return on Equity | 7.7%+17.7pp | -8.2%-16.2pp | -6.3%+11.0pp | -8.1%+8.1pp | -9.9%+8.2pp | 8.0%+16.7pp | -17.3%+4.2pp | -16.2%+11.7pp |
| Return on Assets | 7.0%+14.4pp | -7.0%-12.8pp | -4.5%+7.0pp | -6.0%+5.3pp | -7.4%+5.7pp | 5.7%+12.4pp | -11.5%+4.1pp | -11.2%+3.2pp |
| Current Ratio | 6.25+3.2x | 3.34+1.3x | 1.41-1.1x | 3.84+0.2x | 3.07-1.8x | 2.07-3.4x | 2.50-1.7x | 3.66+2.4x |
| Debt-to-Equity | 0.09-0.2x | 0.14-0.2x | 0.33-0.1x | 0.31-0.1x | 0.320.0x | 0.35+0.1x | 0.46+0.1x | 0.39-0.5x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| FCF Margin | -5000.8% | -2872.8% | -5103.9% | -1082.2% | -3465.7% | -2432.4% | -5506.6% | -8372.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where Ivanhoe Electric Inc Ranks
Frequently Asked Questions
What is Ivanhoe Electric Inc's annual revenue?
Ivanhoe Electric Inc (IVNHW) reported $3.2M in total revenue for fiscal year 2025. This represents a 11.8% 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 (IVNHW) revenue grew by 11.8% year-over-year, from $2.9M to $3.2M in fiscal year 2025.
Is Ivanhoe Electric Inc profitable?
No, Ivanhoe Electric Inc (IVNHW) reported a net income of -$105.9M in fiscal year 2025.
What is Ivanhoe Electric Inc's EBITDA?
Ivanhoe Electric Inc (IVNHW) had EBITDA of -$110.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ivanhoe Electric Inc's gross margin?
Ivanhoe Electric Inc (IVNHW) had a gross margin of 65.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ivanhoe Electric Inc's return on equity (ROE)?
Ivanhoe Electric Inc (IVNHW) has a return on equity of -25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ivanhoe Electric Inc's free cash flow?
Ivanhoe Electric Inc (IVNHW) recorded an outflow of $90.4M in free cash flow during fiscal year 2025. This represents a 45.2% 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 (IVNHW) recorded an outflow of $89.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Ivanhoe Electric Inc's total assets?
Ivanhoe Electric Inc (IVNHW) had $483.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ivanhoe Electric Inc's capital expenditures?
Ivanhoe Electric Inc (IVNHW) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ivanhoe Electric Inc spend on research and development?
Ivanhoe Electric Inc (IVNHW) invested $275K in research and development during fiscal year 2025.
What is Ivanhoe Electric Inc's current ratio?
Ivanhoe Electric Inc (IVNHW) had a current ratio of 3.34 as of fiscal year 2025, which is generally considered healthy.
What is Ivanhoe Electric Inc's debt-to-equity ratio?
Ivanhoe Electric Inc (IVNHW) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, 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 (IVNHW) had a return on assets of -21.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ivanhoe Electric Inc's Piotroski F-Score?
Ivanhoe Electric Inc (IVNHW) has a Piotroski F-Score of 4 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 Ivanhoe Electric Inc's earnings high quality?
Ivanhoe Electric Inc (IVNHW) reported a net loss of $105.9M while operations used $89.2M 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.
Can Ivanhoe Electric Inc cover its interest payments?
Ivanhoe Electric Inc (IVNHW) reported an operating loss of $113.6M against $2.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.