Ivanhoe Electric Inc. income statement
In fiscal 2025, Ivanhoe Electric Inc. reported revenue of $3.2m, up 11.8% on the year before, operating income of −$114m (a -3501.0% margin) and net income of −$106m, or $0.79 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 5 | 8 | 4 | 3 | 3 | 3 |
| Cost of revenue | 2 | 3 | 3 | 1 | 1 | 1 |
| Gross profit | 3 | 5 | 1 | 2 | 2 | 2 |
| Research and development | 4 | 5 | 6 | 3 | 0 | 1 |
| Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 |
| General and administrative | 20 | 27 | 48 | 45 | 39 | 36 |
| Operating income | −61 | −132 | −180 | −177 | −114 | 14 |
| Interest expense | 2 | 2 | 4 | 3 | 3 | 2 |
| Net interest income | — | −1 | −3 | — | — | — |
| Income before tax | −68 | −160 | — | — | — | — |
| Income tax | 0 | 1 | −1 | 0 | 0 | 12 |
| Net income | −59 | −150 | −199 | −129 | −106 | −34 |
| Diluted EPS | $0.96 | $1.91 | $1.95 | $1.07 | $0.79 | −$0.23 |
| Diluted shares (average) | 62m | 79m | 102m | 120m | 134m | 148m |
| EBITDA | −56 | −128 | −178 | −174 | −111 | 17 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 0 |
| Research and development | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General and administrative | 11 | 11 | 12 | 10 | 9 | 9 | 10 | 8 |
| Operating income | −42 | −30 | −27 | −26 | −24 | −37 | 97 | −21 |
| Interest expense | 2 | −2 | 2 | 2 | 1 | −2 | 1 | 1 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 12 | −0 |
| Net income | −43 | 17 | −31 | −24 | −18 | −34 | 42 | −25 |
| Diluted EPS | $0.36 | −$0.14 | $0.24 | $0.18 | $0.13 | $0.24 | −$0.26 | $0.16 |
| EBITDA | −41 | −29 | −26 | −25 | −23 | −37 | 97 | −21 |
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