Filing Flows › Ivanhoe Electric (IE) › Q4 2025
Ivanhoe Electric (IE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Ivanhoe Electric (IE) reported revenue of $896K for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and +64% from the quarter before.
Ivanhoe Electric, Q4 2025: revenue $896K (-33% year over year), net loss $40.3M, operating cash flow −$25.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $896K | +64% | -33% |
| Operating profit | −$37.3M | — | — |
| Net earnings | −$40.3M | — | — |
| Operating cash flow | −$25.7M | — | — |
What changed
Revenue was $896K in Q4 2025, down 33% year over year and up 64% from the previous quarter.
Gross margin was 69.5%, up 4.8 points from a year earlier. Operating costs exceeded revenue by $37.3M, an operating margin of -4167.7%. Operating expenses grew 24% against a revenue fall of 33%. The fastest-growing cost line was Other operating costs (+48%). The quarter ended with a net loss of $40.3M, wider than the previous quarter's $21.6M loss. Minority interests bore $6.3M of it: to shareholders the quarter was a loss of $34.0M.
Operating cash flow was −$25.7M. Non-cash charges added back $781K of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $37K exceeded it, leaving free cash flow of −$25.7M.
Questions
What was Ivanhoe Electric's revenue in the fourth quarter 2025?
Ivanhoe Electric (IE) reported revenue of $896K for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and +64% from the quarter before.
Source: Ivanhoe Electric 10-K on SEC EDGAR.