IENYSEMetal MiningFiscal year ends December 31
Ivanhoe Electric Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$8.78+0.15 (+1.74%)
Close on Oct 19, 2026
- Market cap
- $1.39B
- P/E (TTM)
- 11.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
65.3%
Operating margin
-3501.0%
Net margin
-3263.7%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.8% | -27.3% | – | – | |
| Gross profit | +12.5% | -26.4% | – | – | |
| EPS, diluted | -26.2% | -25.5% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -30.9% | |
| Return on assets | – | – | -24.7% | |
| Current ratio | – | – | 3.34 | |
| Debt to equity | – | – | 0.00 | |
| Net debt to EBITDA | – | – | 1.57× | |
| Interest coverage | – | – | -40.6× | |
| Inventory turnover | – | – | – | |
| Capex to revenue | – | – | 37.1% | |
| Diluted shares | – | – | 134M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ivanhoe Electric generated $565.38M from operations and spent $18.21M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$565.38M
Used
$18.21M
Capital expenditure$18.21M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3263.7%
×Asset turnover0.01×
×Equity multiplier1.25×
=Return on equity, FY2025-30.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3263.7% | 0.01× | 1.25× | -30.9% |
| FY2024 | -4433.7% | 0.01× | 1.34× | -40.0% |
| FY2023 | -5108.3% | 0.01× | 1.29× | -68.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$105.87M
- Cash generatingOperating cash flow above zero-$89.20M
- Return on assets improvedROA up on the prior year-26.4% → -28.2%
- Earnings backed by cashOperating cash flow above net income-$89.20M vs -$105.87M
- Less leverageLong-term debt to assets fell6.4% → 0.0%
- Better liquidityCurrent ratio rose2.07 → 3.34
- No dilutionShare count did not rise120M → 134M
- Gross margin improvedGross margin up on the prior year64.91% → 65.29%
- More efficientAsset turnover rose0.01 → 0.01