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Ivanhoe Electric Inc. key statistics and ratios

In fiscal 2025, Ivanhoe Electric Inc. had return on equity of -30.9% and a net margin of -3263.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin<−999%<−999%<−999%<−999%<−999%<−999%
Return on equity—−131.2%−68.7%−40.0%−30.9%−7.3%
Return on assets−38.6%−72.4%−53.3%−29.8%−24.7%−6.4%
R&D as % of revenue82.2%59.7%156.8%98.3%8.5%24.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $585m
Short-term assets $270mLonger-term assets $315m
What it owes, and who funded it · $580m
Short-term liabilities $53mLonger-term liabilities $1mShareholders' equity $526m
  • Short-term assets cover short-term liabilities $270m of assets due within a year against $53m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $270m short-term assets against $748,000 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $14m against $2m of interest.

From Ivanhoe Electric Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

27 /100

Weak moat

How hard Ivanhoe Electric's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -33.4% of total assets over 5 years.

  • Pricing power 12 / 20

    Gross margin has been a median 58.7%, moving by 39.7 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Net margin has been a median -2120.2%; its worst year was -8095.9%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -3532.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Ivanhoe Electric Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ivanhoe Electric Inc.