Ivanhoe Electric Releases 10-K Report

By Chris Stiles • Monday, February 23 10:21 • Permanent Link

Ivanhoe Electric Inc. has recently released its 10-K report, providing a comprehensive overview of the company's financial performance and business activities. The company, incorporated in 2020 and headquartered in Tempe, Arizona, is a mineral exploration company focused on developing mines from mineral deposits primarily in the United States, Canada, and China. Ivanhoe Electric primarily explores copper, gold, and silver deposits and operates flagship projects such as the Santa Cruz Project in Arizona and the Tintic Project in Utah.

In the year ended December 31, 2025, Ivanhoe Electric reported total revenue of $3.24 million, compared to $2.90 million in 2024 and $3.90 million in 2023. The company's cost of sales amounted to $1.13 million in 2025, $1.02 million in 2024, and $2.99 million in 2023, resulting in a gross profit of $2.12 million in 2025, $1.88 million in 2024, and $917,000 in 2023.

Exploration expenses for the year ended December 31, 2025, totaled $63.29 million, representing a significant decrease from the $130.94 million reported in 2024. The company's general and administrative expenses amounted to $39.24 million in 2025, compared to $44.74 million in 2024 and $48.20 million in 2023.

The net loss attributable to common stockholders or parent was $105.87 million in 2025, a decrease from $128.62 million in 2024 and $199.38 million in 2023. The basic and diluted loss per share attributable to common stockholders or parent was $0.79 in 2025, $1.07 in 2024, and $1.95 in 2023.

Ivanhoe Electric's total assets amounted to $483.27 million in 2025, compared to $374.93 million in 2024 and $487.23 million in 2023. The company's total non-current liabilities were $5.83 million in 2025, $61.08 million in 2024, and $71.22 million in 2023.

The company operates in four business segments: Santa Cruz Copper Project, critical metals, data processing services, and energy storage. While the mineral projects are in the exploration or development stage and have not generated revenue, Ivanhoe Electric's technology businesses, CGI and VRB Energy, contribute to the company's revenue.

Today the company's shares have moved -1.74% to a price of $17.50. For the full picture, make sure to review Ivanhoe Electric's 10-K report.

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