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USA Rare Earth vs Ivanhoe Electric: USAR and IE compared
USA Rare Earth is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $708K for Ivanhoe Electric (Q3 2026).
Where the money goes: USAR and IE
USA Rare Earth (USAR) · Q2 2026
USA Rare Earth, Q2 2026: revenue $5.8M, operating margin -795.6%, net loss $12.0M, operating cash flow −$56.9M. The chart follows the revenue to costs, profit and cash.
Ivanhoe Electric (IE) · Q3 2026
Ivanhoe Electric, Q3 2026: revenue $708K (+30% year over year), net loss $31.6M, operating cash flow −$28.2M. The chart follows the revenue to costs, profit and cash.
| USA Rare Earth (USAR) | Ivanhoe Electric (IE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $5.8M | $708K |
| Revenue growth, Y/Y | — | +30% |
| Operating margin | -795.6% | n/m |
| Net earnings | −$12.0M | −$31.6M |
| Net margin | -205.5% | — |
| Operating cash flow | −$56.9M | −$28.2M |
Questions
Which is bigger, USA Rare Earth or Ivanhoe Electric?
USA Rare Earth is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $708K for Ivanhoe Electric (Q3 2026).
More: USA Rare Earth earnings · how USA Rare Earth makes money · Ivanhoe Electric earnings · how Ivanhoe Electric makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.