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Ivanhoe Electric Inc.

Ivanhoe Electric Inc.

AMEX•IE
CEO: Mr. Robert Martin Friedland
Sector: Technology
Industry: Software - Application
Listing Date: 2022-06-28
Ivanhoe Electric Inc. explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company holds 100% interest in the Santa Cruz Copper Project located in Arizona. Ivanhoe Electric Inc. was incorporated in 2020 and is headquartered in Tempe, Arizona.
Contact Information
450 E Rio Salado Parkway, Suite 130, Tempe, AZ, 85281, United States
480-656-5821
ivanhoeelectric.com
Market Cap
$2.05B
P/E (TTM)
-26.6
0
Dividend Yield
--
52W High
$17.90
52W Low
$4.50
52W Range
87%
Rank60Top 78.6%
2.5
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$545.00K-18.78%
4-Quarter Trend

EPS

$0.13-136.11%
4-Quarter Trend

FCF

-$27.63M-25.22%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine-Month Loss Halved Net loss attributable to stockholders $71.89M for nine months, a 50.6% decrease from $145.53M reported in 2024.
Santa Cruz PFS Complete PFS confirmed Santa Cruz viability: $1.4B after-tax NPV, 20% IRR; construction targeted for Q1 2026 start.
Cash Position Strengthened Cash increased $28.15M over nine months, supported by $65.84M net proceeds from the February 2025 equity offering.
Technology Revenue Growth CGI data processing revenue grew 50% to $2.35M for nine months, driven by increased service demand in mining sector.

Risk Factors

Future Financing Required Operations rely on external financing; need additional capital soon, potentially accelerating needs if Santa Cruz development decision occurs.
Alacrán Sale Contingencies Cordoba's Alacrán sale closing hinges on EIA Approval; deferred/contingent payments up to $40M are not guaranteed receipts.
Red Sun Payment Default Red Sun missed $10M tranche payment due June 30, 2025; satisfaction of remaining obligations for VRB remains uncertain.
Exploration Stage Exposure Most mineral projects remain in exploration, subject to inherent risks like resource estimation uncertainty and commodity price volatility.

Outlook

Advance Santa Cruz Engineering Conducting optimization studies and detailed engineering for Santa Cruz, targeting initial construction commencement in the first quarter of 2026.
Deploy Cordoba Sale Proceeds Anticipated $40M+ distribution from Cordoba sale intended for VRB USA growth and general corporate working capital purposes.
Utilize Recent Equity Raise October 2025 $172.5M offering proceeds earmarked for Santa Cruz land payments, development funding, and exploration activities.
Expand Saudi Exploration Maaden Joint Venture secured additional exploration licenses in Saudi Arabia, continuing geophysical surveys using advanced system.

Peer Comparison

Revenue (TTM)

Vishay Intertechnology, Inc.VSH
$2.98B
-0.8%
WEBTOON Entertainment Inc.WBTN
$1.40B
+5.7%
Kingsoft Cloud Holdings LimitedKC
$1.25B
+23.6%

Gross Margin (Latest Quarter)

Dave Inc.DAVE
82.2%
-8.5pp
Grindr Inc.GRND
75.0%
+0.7pp
Marqeta, Inc.MQ
69.2%
+91.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BRZE$3.83B-33.1-21.7%8.1%
DAVE$2.94B20.065.8%0.1%
KC$2.89B-22.2-16.5%34.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-25.8%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:-$0.21
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $545.00K-18.8%
    |
    EPS: $0.13-136.1%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $1.07M+98.5%
    |
    EPS: $-0.18-53.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $735.00K+104.2%
    |
    EPS: $-0.24-47.8%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $2.90M-25.7%
    |
    EPS: $-1.07+45.1%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $671.00K+180.8%
    |
    EPS: $-0.36-51.4%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $538.00K-59.1%
    |
    EPS: $-0.39-4.9%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $360.00K-47.0%
    |
    EPS: $-0.46+12.2%
    Miss