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Ivanhoe Electric (IE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Ivanhoe Electric (IE) Q3 2026 earnings results →
Q3 2026 Revenue up 30% year over year to $708K
Ivanhoe Electric made $708K in Q3 2026 (+30% Y/Y). Operating margin n/m, net loss $31.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $708K in Q3 2026, up 30% year over year and down 2% from the previous quarter.
Gross margin was 54.1%, up 2.9 points from Q3 2025. Operating costs exceeded revenue by $28.8M, an operating margin of -4071.0%. Operating expenses grew 22% against revenue growth of 30%. The fastest-growing cost line was Research & development (+263%). The quarter ended with a net loss of $31.6M, wider than the previous quarter's $25.3M loss. Minority interests bore $817K of it: to shareholders the quarter was a loss of $30.8M.
Operating cash flow was −$28.2M. Non-cash charges added back $697K of depreciation and amortization and $2.2M of share-based compensation. Capital expenditures of $588K exceeded it, leaving free cash flow of −$28.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $708K | +30% | n/m | −$31.6M | −$28.2M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $724K | -32% | n/m | −$25.3M | −$20.0M |
| Q1 2026 | 10-Q | May 7, 2026 | $858K | +17% | n/m | $41.7M | −$42.3M |
| Q4 2025 | 10-K | Feb 23, 2026 | $896K | -33% | n/m | −$40.3M | −$25.7M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $545K | -19% | n/m | −$21.6M | −$27.7M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $1.1M | +98% | n/m | −$29.0M | −$20.0M |
| Q1 2025 | 10-Q | May 6, 2025 | $735K | +104% | n/m | −$34.1M | −$15.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Ivanhoe Electric
We are a technology-driven United States minerals exploration and development company with a focus on copper and other critical metals vital to electric transmission and generation, manufacturing, infrastructure development, technology, and national security. Our wholly owned assets are located in the United States. We operate exploration joint ventures and alliances in Saudi Arabia, Chile and the United States. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our subsidiary, Computational Geosciences Inc. (“CGI”), to accelerate and de-risk the mineral exploration process in the search for new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals.
In its own words, from its 10-K, filed Feb 23, 2026.
Ivanhoe Electric against its Metal Mining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +30% against the peers' median +30%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IE Ivanhoe Electric | Q3 2026 | $708K | +30% | n/m |
| FCX Freeport-McMoRan | Q3 2026 | $7.5B | +8% | 31.2% |
| CLF Cleveland-Cliffs | Q3 2026 | $5.6B | +18% | 5.5% |
| SCCO Southern Copper | Q3 2026 | $4.7B | +39% | 59.9% |
| MP MP Materials | Q3 2026 | $148M | +176% | -14.9% |
| DYNR Dynaresource | Q2 2026 | $11.4M | -28% | -10.1% |
| USAR USA Rare Earth | Q2 2026 | $5.8M | — | -795.6% |
| ALOY Realloys | Q2 2026 | $804K | +55% | n/m |
| MINR Minerva Gold | Q1 FY27 | $9K | -25% | -24.7% |
Source: Ivanhoe Electric 10-Q on SEC EDGAR · CIK 1879016 · Metal Mining
Guidance and outlook
13F: who owns IE and who is buying
More on IE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results