Ivanhoe Electric Inc.
Business
Ivanhoe Electric is a technology-driven U.S. minerals exploration and development company focused on copper and critical metals essential to electric transmission, manufacturing, and national security. The company operates the Santa Cruz Copper Project in Arizona as its primary development asset, alongside an exploration portfolio in the U.S., Saudi Arabia, Chile, Colombia, Peru, and Ivory Coast. Ivanhoe Electric employs its proprietary Typhoon™ geophysical surveying system and subsidiary Computational Geosciences Inc. to accelerate mineral exploration and discovery.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 4 | 8 | 5 | |
| Cost of sales | −1 | −1 | −3 | −3 | −2 | |
| Gross profit | 2 | 2 | 917,000 | 5 | 3 | |
| Exploration expenses | 63 | 131 | 127 | 105 | 40 | |
| General and administrative expenses | 39 | 45 | 48 | 27 | 20 | |
| Research and development expenses | 275,000 | 3 | 6 | 5 | 4 | |
| Selling and marketing expenses | 26,000 | 297,000 | 276,000 | 173,000 | 149,000 | |
| Provision expected for credit loss | 10 | 0 | 0 | — | — | |
| Impairment | 3 | 0 | 0 | — | — | |
| Loss from operations | 114 | 177 | 180 | 132 | −61 | |
| Interest expense, net | 4 | 3 | 3 | 972,000 | — | |
| Foreign exchange loss (gain) | 553,000 | 665,000 | −1 | 1 | −254,000 | |
| Share of losses from significant influence investments | 6 | 9 | 36 | 4 | 213,000 | |
| Gain on disposal of subsidiary | 0 | −51 | 0 | 0 | — | |
| Other expenses (income), net | 1 | 2 | −1 | 1 | 580,000 | |
| Loss before income taxes | 125 | 140 | 217 | 160 | 68 | |
| Income taxes (recovery) | 12,000 | 32,000 | −584,000 | 618,000 | 484,000 | |
| Net loss | 125 | 140 | 216 | 160 | 69 | |
| Less loss attributable to non-controlling interests | −19 | −12 | −17 | −10 | −9 | |
| Net loss attributable to common stockholders or parent | 106 | 129 | 199 | — | — | |
| Foreign currency translation adjustments | 65,000 | 1 | 1 | −560,000 | −89,000 | |
| Other comprehensive loss | 65,000 | 1 | 1 | −560,000 | −89,000 | |
| Comprehensive loss | 125 | 141 | 217 | 160 | 68 | |
| Common stockholders or parent | 106 | 130 | 200 | 150 | 59 | |
| Non-controlling interests | 19 | 11 | 17 | 10 | 9 | |
| Basic (in USD per share) | 0.79 | 1.07 | 1.95 | 1.91 | 0.96 | |
| Diluted (in USD per share) | 0.79 | 1.07 | 1.95 | 1.91 | 0.96 | |
| Basic (in shares) | 134 | 120 | 102 | 79 | 62 | |
| Diluted (in shares) | 134 | 120 | 102 | 79 | 62 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 173 | 41 | 205 | 140 | 50 | |
| Restricted cash | 3 | 4 | 0 | — | — | |
| Accounts and other receivables | 526,000 | 22 | 3 | 1 | — | |
| Prepaid expenses and deposits | 3 | 2 | 3 | 4 | 1 | |
| Total current assets | 180 | 69 | 216 | 151 | 58 | |
| Investments subject to significant influence | 58 | 65 | 39 | 6 | 8 | |
| Other investments | 1 | 2 | 3 | 2 | 2 | |
| Exploration properties | 224 | 226 | 216 | 87 | 73 | |
| Property, plant and equipment | 9 | 10 | 7 | 4 | 3 | |
| Other non-current assets | 10 | 3 | 6 | 9 | 6 | |
| Total assets | 483 | 375 | 487 | 260 | 154 | |
| Accounts payable and accrued liabilities | 16 | 11 | 20 | 14 | 10 | |
| Note payable, current | 0 | 12 | 13 | 0 | — | |
| Convertible debt | 34 | 0 | — | — | — | |
| Deferred exploration liability | 3 | 4 | 0 | — | — | |
| Lease liabilities, current | 1 | 784,000 | 699,000 | 706,000 | 342,000 | |
| Total current liabilities | 54 | 33 | 40 | 17 | 41 | |
| Note payable | 0 | 24 | 36 | 0 | — | |
| Convertible debt | 0 | 31 | 28 | 26 | 79 | |
| Deferred income taxes | 5 | 4 | 5 | 4 | 5 | |
| Lease liabilities, net of current portion | 1 | 2 | 1 | 403,000 | 55,000 | |
| Other non-current liabilities | 0 | 370,000 | 562,000 | 388,000 | 865,000 | |
| Total liabilities | 60 | 95 | 111 | 58 | 126 | |
| Commitments and contingencies (Note 25) | — | — | — | — | — | |
| Common stock, par value $0.0001; 700,000,000 shares authorized; 145.5 million shares issued and outstanding as of December 31, 2025 (December 31, 2024 - 700,000,000 authorized; 120.6 million issued and outstanding) | 15,000 | 12,000 | 12,000 | 9,000 | 6,000 | |
| Additional paid-in capital | 1,056 | 802 | 778 | 410 | 76 | |
| Accumulated deficit | −636 | −530 | −402 | −202 | −52 | |
| Accumulated other comprehensive income | −4 | −3 | −2 | −1 | −2 | |
| Equity attributable to common stockholders | 416 | 269 | 374 | 206 | 22 | |
| Non-controlling interests | 7 | 12 | 2 | −4 | 6 | |
| Total equity | 424 | 280 | 376 | 202 | 28 | |
| Total liabilities and equity | 483 | 375 | 487 | 260 | 154 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 3 | 3 | 4 | 4 | |
| Stock-based compensation | 12 | 15 | 21 | 5 | 4 | |
| Non-cash exploration and research and development expense | 300,000 | 1 | 3 | 1 | — | |
| Interest expense | 3 | 3 | 4 | 2 | — | |
| Unrealized foreign exchange loss (gain) | 336,000 | 527,000 | −1 | 1 | −376,000 | |
| Income taxes | 0 | 0 | −583,000 | 618,000 | — | |
| Other | 1 | 3 | −367,000 | 3 | 210,000 | |
| Trade accounts receivable | 1 | 385,000 | −2 | −112,000 | 1 | |
| Operating lease liabilities | −868,000 | −1 | −966,000 | −873,000 | — | |
| Accounts payable and accrued liabilities | 603,000 | −8 | 2 | 3 | 6 | |
| Deferred exploration liability | −1 | 4 | 0 | 0 | — | |
| Other operating assets and liabilities | −1 | −624,000 | 2 | −2 | — | |
| Net cash used in operating activities | −89 | −162 | −151 | −116 | −48 | |
| Purchase of exploration properties | −1 | −11 | −81 | −36 | — | |
| Deposits paid for property, plant and equipment | −1 | −3 | −2 | −9 | −4 | |
| Deposits paid for property, plant and equipment | −3 | 0 | 0 | — | — | |
| Purchase of investments subject to significant influence | 0 | −1 | −69 | −4 | −870,000 | |
| Proceeds from sale of a subsidiary | 10 | 0 | 0 | — | — | |
| Cash acquired on acquisition of subsidiary | 0 | 227,000 | 0 | 0 | — | |
| Net cash provided by (used in) investing activities | 5 | −14 | −151 | −48 | −23 | |
| Net proceeds from issuance of common stock | 231 | 0 | 320 | 158 | 10 | |
| Promissory note payment | −36 | −12 | 0 | 0 | — | |
| Proceeds from related party loan | 5 | 5 | 4 | 10 | 0 | |
| Repayment of related party loan | −10 | 0 | 0 | — | — | |
| Non-controlling interests investment in subsidiary | 20 | 26 | 39 | 0 | — | |
| Proceeds from exercise of stock options and warrants | 6 | 867,000 | 3 | 181,000 | 0 | |
| Debt issuance costs | −626,000 | 0 | 0 | — | — | |
| Other | −759,000 | −1 | −44,000 | −21,000 | 0 | |
| Net cash provided by financing activities | 215 | 19 | 366 | 254 | 111 | |
| Effect of foreign exchange rate changes on cash and cash equivalents | 855,000 | −2 | 210,000 | −482,000 | −3,000 | |
| Increase (decrease) in cash and cash equivalents and restricted cash | 131 | −160 | 65 | 90 | 41 | |
| Interest paid | 4 | 5 | 4 | — | — | |
| Cash paid for income taxes | 29,000 | 2 | 1 | 666,000 | 634,000 | |
| Issuance of common stock | 0 | 1 | 0 | 171 | 66 | |
| Non-controlling interests investment in subsidiary | 0 | 4 | 11 | 0 | — | |
| Settlement of related party loan | 0 | −4 | 0 | 0 | — | |
| Note payable issued as consideration for land purchase | 0 | 0 | 83 | 0 | — | |
| Settlement of loan upon issuance of shares of subsidiary | 0 | 0 | −11 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ivanhoe Electric Inc.'s CIK number?
Ivanhoe Electric Inc.'s SEC CIK number is 0001879016 (1879016). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ivanhoe Electric Inc.'s SEC filings?
All of Ivanhoe Electric Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ivanhoe Electric Inc. last report earnings?
Ivanhoe Electric Inc. (IE) most recently filed an earnings 8-K with the SEC on Oct 21, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-25-101292). This is Ivanhoe Electric Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Ivanhoe Electric Inc.'s most recent earnings 8-K?
Ivanhoe Electric Inc.'s latest earnings 8-K (Item 2.02) was filed Oct 21, 2025 under accession 0001104659-25-101292. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ivanhoe Electric Inc.'s latest earnings 8-K →
Look up any company's CIK number →