Ivanhoe Electric Inc. (IE) Income Statement
IE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIE revenue and net income
Where IE's revenue goes
2025Each bar shows an amount and its share of revenue. IE kept −3,263.7% of revenue as net income.
IE profit margins
IE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.8% | −27.3% | −6.9% | — |
| Gross profit | −3,505.2% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IE quarterly EPS vs estimates
Ivanhoe Electric beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.15).
IE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.2M | $2.9M | $3.9M | $8.4M | $4.7M | $4.6M | $3.8M |
| Cost of revenue | $67.4M | $1.0M | $3.0M | $3.1M | $1.5M | $1.8M | $1.8M |
| Gross profit | −$64.1M | $1.9M | $917,000 | $5.3M | $3.1M | $2.8M | $1.9M |
| Research & development | $275,000 | $2.9M | $6.1M | $5.0M | $3.8M | $3.6M | $4.2M |
| Sales, general & admin | $39.2M | $45.0M | $48.5M | $27.1M | $20.6M | $11.7M | $10.8M |
| Total operating expenses | $46.9M | $178.8M | $181.3M | $137.5M | $63.9M | −$23.8M | −$24.2M |
| Operating income | −$111.0M | −$177.0M | −$180.4M | −$132.2M | −$60.7M | $26.6M | $26.2M |
| Interest income | $10.2M | $14.1M | $38.6M | $26.4M | $6.7M | $2.7M | $2.9M |
| Interest expense | $4.1M | $2.6M | $3.0M | $972,000 | $1.5M | $175,000 | $114,000 |
| Income before taxes | −$125.0M | −$140.2M | −$216.7M | −$159.6M | −$68.0M | −$29.5M | −$29.5M |
| Income taxes | $12,000 | $32,000 | −$584,000 | $618,000 | $484,000 | $381,000 | −$717,000 |
| Net income | −$105.9M | −$128.6M | −$199.4M | −$149.8M | −$59.3M | −$25.2M | −$24.6M |
| EBITDA | −$117.9M | −$134.9M | −$211.1M | −$154.4M | −$62.2M | −$25.3M | −$25.5M |
| EPS (diluted) | −$0.70 | −$1.07 | −$0.32 | −$1.77 | −$0.64 | −$0.42 | −$0.41 |
| Gross margin | −1,976.6% | 64.9% | 23.5% | 62.9% | 67.3% | 61.5% | 51.9% |
| Operating margin | −3,422.2% | −6,099.7% | −4,622.1% | −1,565.9% | −1,305.9% | 574.2% | 697.8% |
| Net margin | −3,263.7% | −4,433.7% | −5,108.3% | −1,775.0% | −1,275.2% | −544.7% | −656.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $724,000 | $858,000 | $896,000 | $545,000 | $1.1M | $735,000 | $1.3M | $671,000 | $538,000 | $360,000 | $1.7M | $239,000 |
| Cost of revenue | $356,000 | $24.1M | $19.8M | $266,000 | $15.1M | $293,000 | $470,000 | $256,000 | $192,000 | $100,000 | $1.3M | $275,000 |
| Gross profit | $368,000 | −$23.3M | −$18.9M | $279,000 | −$14.0M | $442,000 | $862,000 | $415,000 | $346,000 | $260,000 | $400,000 | −$36,000 |
| Research & development | $174,000 | $404,000 | $114,000 | $54,000 | $55,000 | $52,000 | $330,000 | $871,000 | $842,000 | $810,000 | $892,000 | $1.2M |
| Sales, general & admin | $8.3M | $9.9M | $8.8M | $23.8M | $9.7M | $11.6M | $10.6M | $10.9M | $10.8M | $12.7M | $13.6M | $11.5M |
| Total operating expenses | $21.8M | $4.7M | $18.4M | $23.9M | $9.0M | $27.4M | $30.6M | $42.2M | $48.9M | $57.1M | $47.9M | $46.9M |
| Operating income | −$21.5M | −$28.0M | −$37.3M | −$23.6M | −$23.1M | −$27.0M | −$29.7M | −$41.8M | −$48.5M | −$56.9M | −$47.5M | −$47.0M |
| Interest income | — | — | $2.9M | $3.1M | $3.9M | $6.5M | $2.7M | $5.2M | — | $35,000 | — | $36.0M |
| Interest expense | $243,000 | $829,000 | $3.8M | $1.0M | $1.2M | $1.5M | $1.3M | $972,000 | $387,000 | — | $562,000 | $1.7M |
| Income before taxes | −$25.4M | $93.6M | −$40.3M | −$21.6M | −$29.0M | −$34.1M | $18.5M | −$47.1M | −$51.5M | −$60.1M | −$49.8M | −$83.3M |
| Income taxes | −$51,000 | $12.2M | $12,000 | $4.1M | $5.1M | — | $58,000 | $3.9M | $4.7M | −$26,000 | −$384,000 | $5.4M |
| Net income | −$24.7M | $41.7M | −$34.0M | −$17.5M | −$23.9M | −$30.5M | $16.9M | −$43.2M | −$46.8M | −$55.5M | −$47.2M | −$77.9M |
| EBITDA | −$24.9M | $95.0M | −$35.8M | −$19.8M | −$27.0M | −$32.0M | $20.7M | −$45.7M | −$50.4M | −$59.5M | −$48.7M | −$81.1M |
| EPS (diluted) | −$0.16 | −$0.47 | −$0.17 | −$0.13 | −$0.16 | −$0.24 | $0.14 | −$0.36 | −$0.39 | −$0.46 | −$0.38 | −$0.74 |
| Gross margin | 50.8% | −2,711.5% | −2,108.7% | 51.2% | −1,315.0% | 60.1% | 64.7% | 61.8% | 64.3% | 72.2% | 23.9% | −15.1% |
| Operating margin | −2,966.9% | −3,259.6% | −4,167.7% | −4,328.3% | −2,161.0% | −3,674.0% | −2,229.4% | −6,233.8% | −9,023.4% | −15,800.3% | −2,840.0% | −19,653.6% |
| Net margin | −3,405.0% | 4,864.3% | −3,793.2% | −3,214.9% | −2,233.2% | −4,151.7% | 1,269.4% | −6,443.5% | −8,695.7% | −15,419.7% | −2,822.3% | −32,585.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IE's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IE financial results
In fiscal year 2025 (ended December 31, 2025), Ivanhoe Electric reported revenue of $3.2 million, up 11.8% from the year before. It had a net loss of $105.9 million, a net profit margin of −3,263.7%. Diluted earnings per share came to −$0.70. Over five years revenue grew at an average rate of −6.9% a year.
See the IE stock overview for the latest quote and news, or the IE chart for price history and technical indicators.
IE income statement FAQ
What is Ivanhoe Electric's annual revenue?
Ivanhoe Electric reported total revenue of $3.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.8% from $2.9 million the previous year.
Is Ivanhoe Electric profitable?
No. Ivanhoe Electric reported a net loss of $105.9 million in fiscal 2025, a net profit margin of −3,263.7%; its operating margin was −3,422.2%.
What is Ivanhoe Electric's gross margin?
Ivanhoe Electric's gross margin was −1,976.6% in fiscal 2025: for every $100 of revenue, Ivanhoe Electric kept $-1977 after the direct cost of its products and services.
How much does Ivanhoe Electric spend on research and development?
Ivanhoe Electric spent $0.3 million on research and development in fiscal 2025, 8.5% of revenue.
How fast is Ivanhoe Electric growing?
Revenue grew −6.9% a year on average over the last five fiscal years, from $4.6 million to $3.2 million.
What are Ivanhoe Electric's earnings per share?
Ivanhoe Electric earned $-0.70 per diluted share in fiscal 2025, compared with $-1.07 a year earlier.
When will Ivanhoe Electric report its next earnings?
Ivanhoe Electric is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Ivanhoe Electric's fiscal year end?
Ivanhoe Electric's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.