Filing Flows › Ivanhoe Electric (IE) › Q2 2025
Ivanhoe Electric (IE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ivanhoe Electric (IE) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), +99% from a year earlier and +45% from the quarter before.
Ivanhoe Electric, Q2 2025: revenue $1.1M (+98% year over year), net loss $29.0M, operating cash flow −$20.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +45% | +99% |
| Operating profit | −$25.6M | — | — |
| Net earnings | −$29.0M | — | — |
| Operating cash flow | −$20.0M | — | — |
What changed
Revenue was $1.1M in Q2 2025, up 99% year over year and up 45% from the previous quarter.
Gross margin was 72.5%, up 8.2 points from a year earlier. Operating costs exceeded revenue by $25.6M, an operating margin of -2400.3%. Operating expenses fell 46% while revenue rose 99%. The quarter ended with a net loss of $29.0M, narrower than the previous quarter's $34.1M loss. Minority interests bore $5.1M of it: to shareholders the quarter was a loss of $23.9M.
Operating cash flow was −$20.0M. Non-cash charges added back $740K of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$21.3M.
Questions
What was Ivanhoe Electric's revenue in the second quarter 2025?
Ivanhoe Electric (IE) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), +99% from a year earlier and +45% from the quarter before.
Source: Ivanhoe Electric 10-Q on SEC EDGAR.