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Ivanhoe Electric cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$28.8M in Q3 2026 · −$118M over twelve months

Operating cash flow−$28.2M
Capital spending−$588K
Free cash flow−$28.8M

Analysis

In Q3 2026, Ivanhoe Electric generated −$28.2M of operating cash flow and spent $588K on capital projects, leaving free cash flow of −$28.8M. That is $10.9M less than in Q3 2025 (−$17.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$116M; the largest uses were operating cash flow ($116M), capital spending ($1.4M); besides operations, cash came from shares issued ($175M), other investing ($82.8M); the cash balance rose by $143M.

Operating cash flow was −$28.2M against net income of −$31.6M. The largest differences: payables −$2.4M, stock-based pay +$2.2M, depreciation & amortization +$697K.

Free cash flow

Ivanhoe Electric: free cash flow by quarterIvanhoe Electric: free cash flow by quarter−$32.4MQ4 2024−$25.5MQ1 2025−$21.3MQ2 2025−$17.9MQ3 2025−$25.7MQ4 2025−$42.9MQ1 2026−$20.2MQ2 2026−$28.8MQ3 2026
Operating cash flow less capital spending.
Ivanhoe Electric: operating cash flow against capital spendingIvanhoe Electric: operating cash flow against capital spendingOperating cash flowCapital spending−$30.7M$1.7MQ4 2024−$25.5M$2KQ1 2025−$20.0M$1.3MQ2 2025−$18.0M−$92KQ3 2025−$25.7M$37KQ4 2025−$42.3M$597KQ1 2026−$20.0M$227KQ2 2026−$28.2M$588KQ3 2026
Latest (Q3 2026): Operating cash flow −$28.2M, Capital spending $588K.

Capital allocation, year by year

Ivanhoe Electric: where the cash came from (up) and went (down), by fiscal yearIvanhoe Electric: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$47.8MFY2021: Net borrowing $50.0MFY2021: Shares issued $9.7MFY2021: Capital spending −$15.2M$59.7MFY2021FY2022: Operating cash flow −$116MFY2022: Net borrowing $86.2MFY2022: Shares issued $158MFY2022: Capital spending −$44.4M$244MFY2022FY2023: Operating cash flow −$151MFY2023: Net borrowing −$38.0MFY2023: Shares issued $323MFY2023: Capital spending −$1.6M$323MFY2023FY2024: Operating cash flow −$162MFY2024: Net borrowing −$16.8MFY2024: Shares issued $867KFY2024: Capital spending −$2.9M$867KFY2024FY2025: Operating cash flow −$89.2MFY2025: Net borrowing −$39.3MFY2025: Shares issued $237MFY2025: Capital spending −$1.2M$237MFY2025
Over these 5 years operating cash flow totalled −$565M; the largest uses were operating cash flow ($565M) and net borrowing ($94.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$215M
Debtnone
Net cash$215M
Cash runway22 months

Ivanhoe Electric is burning cash: its operations consume cash, a free cash flow of −$118M a year at the current rate against $215M of cash and investments: a runway of about 22 months before any new financing.

Where the cash came from and went

Ivanhoe Electric: sources (+) and uses (−) of cash, Q3 2026Ivanhoe Electric: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$42.3MOperating cash flow−$28.2MOther investing−$13.8MCapital spending−$588KPartners$273KExchange rates$22K
Ivanhoe Electric: sources (+) and uses (−) of cash, TTM to Q3 2026Ivanhoe Electric: sources (+) and uses (−) of cash, TTM to Q3 2026Shares issued$175MCash drawn (+) / kept (−)−$143MOperating cash flow−$116MOther investing$82.8MOther financing$1.9MCapital spending−$1.4MPartners$1.1MExchange rates−$567K

From profit to cash

Ivanhoe Electric: net income to operating cash flow, Q3 2026Ivanhoe Electric: net income to operating cash flow, Q3 2026Net income−$31.6MDepreciation & amortization$697KStock-based pay$2.2MReceivables−$430KPayables−$2.4MOther operating capital$154KOperating cash flow−$28.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$28.2M−$588K—$42.3M−$28.8M
Q2 2026−$20.0M−$227K$3.2M$33.4M−$20.2M
Q1 2026−$42.3M−$597K$2.8M−$116M−$42.9M
Q4 2025−$25.7M−$37K$169M−$103M−$25.7M
Q3 2025−$18.0M$92K$1.9M$15.8M−$17.9M
Q2 2025−$20.0M−$1.3M$440K$11.3M−$21.3M
Q1 2025−$25.5M−$2K$65.7M−$55.3M−$25.5M
Q4 2024−$30.7M−$1.7M$38K$41.8M−$32.4M

Ivanhoe Electric: income statement and cash flow

Ivanhoe Electric, Q3 2026: revenue $708K (+30% year over year). The chart follows the revenue to costs, profit and cash.

Ivanhoe Electric: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.