Ivanhoe Electric Inc. (IE)
Ivanhoe Electric Inc. primarily engages in mineral exploration and development activities across the United States. Its operations are structured into three main segments: Critical Metals, Technology, and Energy Storage. Within its Critical Metals division, the company maintains an 84.6% ownership in Utah's 65-square-kilometer Tintic copper-gold project. Additionally, it possesses an option to fully acquire the 77.59-square-kilometer Santa Cruz copper project in Arizona, holds a 75% stake in Montana's 24.2-square-kilometer Hog Heaven project which targets silver, gold, and copper, and further extends its reach with a 60% interest in the 1,125-square-kilometer Ivory Coast project. Its Technology arm delivers advanced services, including data analytics, geophysical modeling, and artificial intelligence solutions, catering to the mineral, oil and gas, and water exploration sectors. In the Energy Storage segment, it is active in the development, manufacturing, and installation of vanadium flow batteries designed for grid-scale applications. Established in 2020, Ivanhoe Electric Inc. maintains its corporate headquarters in Vancouver, Canada.
Sector: Metal Mining
Industry: Copper
Ivanhoe Electric Inc.
NYSE:IEBasic Materials · Copper
-0.38%$7.86
AH Close$7.86+0.00%vs close
AH Close$7.86+0.00%vs close
Mkt Cap$1.25B
Float119.45M
O/S159.59M
Inst Own74.1%
SI9.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.24M
Net Income-$105.87M
Total Assets$484.13M
Free Cash Flow-$93.2M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$36.98M
Total Equity$416.11M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$484.13M
Liabilities$60.56M
Accounts Receivable$526K
Accounts Payable$7.79M
Inventory$0
PP&E (Net)$9.29M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $3.24M | $2.9M | $3.9M | $8.44M | $4.65M | $4.63M | $3.75M |
| YoY Growth | 11.8% | -25.7% | -53.8% | 81.4% | 0.4% | 23.5% | - |
| Cost of Revenue | $67.36M | $1.02M | $2.99M | $3.13M | $1.52M | $1.78M | $1.81M |
| Gross Profit | -$64.12M | $1.88M | $917K | $5.3M | $3.13M | $2.85M | $1.95M |
| Gross Margin | -1976.6% | 64.9% | 23.5% | 62.9% | 67.3% | 61.5% | 51.9% |
| Research and Development | $275K | $2.85M | $6.12M | $5.04M | $3.83M | $3.63M | $4.17M |
| Selling, General, and Administrative | $39.24M | $45.04M | $48.48M | $27.14M | $20.55M | $11.73M | $11.05M |
| Other | $7.38M | $130.94M | $126.72M | $105.29M | $39.51M | -$39.11M | -$39.45M |
| Total Operating Expenses | $46.9M | $178.83M | $181.32M | $137.47M | $63.88M | -$23.75M | -$24.23M |
| Operating Income (EBIT) | -$111.02M | -$176.95M | -$180.4M | -$132.16M | -$60.75M | $26.6M | $26.18M |
| Operating Margin | -3422.2% | -6099.7% | -4622.1% | -1565.9% | -1305.9% | 574.2% | 697.8% |
| Interest Expense | $4.14M | $2.58M | $2.96M | $972K | $1.53M | $175K | $114K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$14.02M | $36.71M | -$36.26M | -$27.44M | -$7.28M | -$56.07M | -$55.64M |
| Income Before Tax (EBT) | -$125.03M | -$140.24M | -$216.66M | -$159.6M | -$68.03M | -$29.47M | -$29.46M |
| Income Tax Expense | $12K | $32K | -$584K | $618K | $484K | $381K | -$717K |
| Net Income | -$105.87M | -$128.62M | -$199.38M | -$149.81M | -$59.32M | -$25.23M | -$24.63M |
| Net Income Margin | -3263.7% | -4433.7% | -5108.3% | -1775.0% | -1275.2% | -544.7% | -656.6% |
| Supplementary Data | |||||||
| EPS | -0.79 | -1.07 | -1.95 | -1.61 | -0.74 | -0.32 | -0.31 |
| Diluted EPS | -0.79 | -1.07 | -1.95 | -1.61 | -0.74 | -0.32 | -0.31 |
| Weighted Average OS | 133.58M | 120.41M | 102.49M | 92.96M | 92.61M | 92.61M | 92.61M |
| EBITDA | -$117.94M | -$134.95M | -$211.06M | -$154.42M | -$62.24M | -$25.26M | -$25.47M |
| EBITDA Margin | -3635.7% | -4651.8% | -5407.6% | -1829.6% | -1338.0% | -545.1% | -678.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $176.27M | $40.97M | $205.04M | $139.66M | $49.85M | $9.34M | $4.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $176.27M | $40.97M | $205.04M | $139.66M | $49.85M | $9.34M | $4.7M |
| Accounts Receivable | $526K | $21.57M | $3.33M | $1.5M | $1.39M | $2.84M | $892K |
| Inventory | $0 | $0 | $5.01M | $5.65M | $5.88M | $3.54M | $2.52M |
| Other Current Assets | $3.39M | $4.34M | $0 | $0 | $0 | $0 | $786K |
| Total Current Assets | $180.19M | $69.29M | $216.49M | $151.03M | $58.27M | $16.83M | $9.61M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $9.29M | $235.54M | $222.94M | $90.69M | $75.56M | $34.4M | $13.33M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $123K | $1.25M | $4.34M | $7.45M | $10.39M |
| Long-Term Investments | $59.62M | $66.63M | $42.12M | $8.22M | $9.5M | $8.92M | $14.74M |
| Deferred Tax Assets | $858K | $0 | $0 | $0 | $3.55M | $2.79M | $0 |
| Other Long-Term Assets | $234.17M | $3.47M | $5.56M | $9.3M | $2.31M | $1.33M | $4.72M |
| Total Long-Term Assets | $303.94M | $305.65M | $270.74M | $109.45M | $95.27M | $54.9M | $43.17M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $484.13M | $374.93M | $487.23M | $260.49M | $153.53M | $71.72M | $52.78M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $7.79M | $6.31M | $12.86M | $4.58M | $5.72M | $1.32M | $870K |
| Short-Term Debt | $34.82M | $12.41M | $12.67M | $0 | $0 | $5.76M | $7.92M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $2.4M | $2.78M | $3.48M | $2.42M | $0 |
| Other Current Liabilities | $11.27M | $4.1M | $7.61M | $0 | $26.56M | $108K | $7.12M |
| Total Current Liabilities | $53.88M | $33.42M | $39.72M | $17.43M | $40.58M | $15.22M | $17.7M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $1.08M | $55.1M | $64.62M | $25.92M | $78.83M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5.61M | $4.05M | $4.84M | $3.89M | $5.38M | $6.31M | $0 |
| Other Long-Term Liabilities | -$1.08M | $370K | $562K | $10.4M | $865K | $1.35M | $3.78M |
| Total Long-Term Liabilities | $6.69M | $61.09M | $71.22M | $40.61M | $85.13M | $7.8M | $4.47M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $60.56M | $94.5M | $110.94M | $58.04M | $125.72M | $23.03M | $22.17M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $15K | $12K | $12K | $9K | $6K | $43.52M | $32.13M |
| Retained Earnings | -$636M | -$530.13M | -$401.5M | -$202.13M | -$52.31M | $0 | $0 |
| Comprehensive Income & Other | -$3.61M | -$3.28M | -$2.07M | -$1.19M | -$1.5M | -$1.54M | -$1.29M |
| Other Stockholders' Equity | $1.05B | $798.76M | $775.74M | $408.49M | $74.24M | -$1.54M | -$1.29M |
| Total Equity | $416.11M | $268.64M | $374.25M | $206.38M | $21.93M | $41.98M | $30.84M |
| Minority Interest | $7.46M | $11.79M | $2.03M | -$3.93M | $5.88M | $6.71M | -$235K |
| Total Liabilities and Equity | $476.68M | $363.14M | $485.2M | $264.41M | $147.65M | $65.01M | $53.01M |
| Supplementary Data | |||||||
| Total Debt | $36.98M | $69.86M | $79.19M | $27.03M | $79.23M | $6.48M | $9.26M |
| Net Debt | -$139.3M | $28.89M | -$125.86M | -$112.63M | $29.38M | -$2.86M | $4.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$105.87M | -$128.62M | -$199.38M | -$160.22M | -$68.51M | -$29.85M | -$28.74M |
| Depreciation & Amortization | $2.95M | $2.7M | $2.64M | $4.21M | $4.25M | $4.04M | $3.88M |
| Deferred Income Tax | $0 | $0 | -$583K | $618K | $495K | -$267K | -$717K |
| Stock-Based Compensation | $11.66M | $0 | $20.96M | $4.83M | $3.67M | $1.15M | $382K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $1.04M | $385K | $0 | -$112K | $1.46M | -$312K | -$568K |
| Inventory | $0 | -$1.51M | $542K | -$2.08M | -$2.34M | -$1.02M | -$9K |
| Accounts Payable | $0 | -$7.86M | $0 | $0 | $5.48M | $0 | -$393K |
| Other Working Capital | -$3.48M | $3.73M | $718K | -$290K | $1.01M | $316K | -$365K |
| Total Working Capital Change | -$2.44M | -$5.25M | $1.26M | -$2.48M | $5.61M | -$1.01M | -$1.33M |
| Other Non-Cash Items | $4.5M | -$30.93M | $24.58M | $37.31M | $6.66M | $2.96M | $3.56M |
| Net Cash from Operating | -$89.2M | -$162.1M | -$150.51M | -$115.73M | -$47.83M | -$22.98M | -$22.98M |
| Investing Activities | |||||||
| Capital Expenditures | -$5.11M | -$13.57M | -$82.08M | -$44.41M | -$18.39M | -$16.73M | -$4.01M |
| Acquisitions | $29.95M | $26.61M | $0 | -$3.97M | -$870K | $0 | -$5.32M |
| Purchases of Investments | $0 | -$1.13M | $0 | $0 | -$1.61M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$68.68M | $0 | -$1.76M | -$20K | -$171K |
| Net Cash from Investing | $24.84M | $11.91M | -$150.77M | -$48.38M | -$22.63M | -$16.75M | -$9.49M |
| Financing Activities | |||||||
| Debt Repaid | $36.24M | $7.08M | -$4M | -$96.2M | -$72.86M | - | - |
| Common Stock Issuance | $237.1M | $867K | $319.62M | $158.05M | $9.68M | $0 | $0 |
| Common Stock Repurchases | -$626K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$759K | -$1.27M | $42.83M | $160K | $28.44M | $46.67M | $31.43M |
| Net Cash from Financing | $194.47M | -$7.49M | $366.45M | $254.41M | $110.98M | $44.09M | $33.96M |
| Forex Effect | $855K | -$2.06M | $210K | -$482K | -$3K | $285K | $124K |
| Net Change in Cash | $130.96M | -$159.73M | $65.38M | $89.81M | $40.51M | $4.64M | $1.61M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$89.2M | -$162.1M | -$150.51M | -$115.73M | -$47.83M | -$22.98M | -$22.98M |
| Capital Expenditure | -$4M | -$2.93M | -$82.08M | -$44.41M | -$18.39M | -$16.73M | -$4.01M |
| Free Cash Flow | -$93.2M | -$165.03M | -$232.6M | -$160.15M | -$66.22M | -$39.71M | -$26.98M |
| Cash at Beginning | $45.31M | $205.04M | $139.66M | $49.85M | $9.34M | $4.7M | $3.09M |
| Cash at End | $176.27M | $45.31M | $205.04M | $139.66M | $49.85M | $9.34M | $4.7M |