Filing Flows › Ivanhoe Electric (IE) › Q1 2025
Ivanhoe Electric (IE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ivanhoe Electric (IE) reported revenue of $735K for the first quarter 2025 (Q1 2025), +104% from a year earlier and -45% from the quarter before.
Ivanhoe Electric, Q1 2025: revenue $735K (+104% year over year), net loss $34.1M, operating cash flow −$15.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $735K | -45% | +104% |
| Operating profit | −$27.0M | — | — |
| Net earnings | −$34.1M | — | — |
| Operating cash flow | −$15.8M | — | — |
What changed
Revenue was $735K in Q1 2025, up 104% year over year and down 45% from the previous quarter.
Gross margin was 60.1%, down 12.1 points from a year earlier. Operating costs exceeded revenue by $27.0M, an operating margin of -3674.0%. Operating expenses fell 52% while revenue rose 104%. The quarter ended with a net loss of $34.1M, after a profit of $18.5M the previous quarter. Minority interests bore $3.6M of it: to shareholders the quarter was a loss of $30.5M.
Operating cash flow was −$15.8M. Non-cash charges added back $622K of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $14.8M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$15.8M.
Questions
What was Ivanhoe Electric's revenue in the first quarter 2025?
Ivanhoe Electric (IE) reported revenue of $735K for the first quarter 2025 (Q1 2025), +104% from a year earlier and -45% from the quarter before.
Source: Ivanhoe Electric 10-Q on SEC EDGAR.