Ivanhoe Electric Inc. (IE) Financial Statements (2025 and earlier)

Company Profile

Business Address 450 E RIO SALADO PARKWAY
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments205,043139,660
Cash and cash equivalents205,043139,660
Restricted cash and investments  
Receivables 1,497
Inventory, net of allowances, customer advances and progress billings 5,0135,648
Inventory 5,0135,648
Disposal group, including discontinued operation  
Other undisclosed current assets6,4304,226
Total current assets:216,486151,031
Noncurrent Assets
Property, plant and equipment6,6453,934
Intangible assets, net (including goodwill) 1231,249
Intangible assets, net (excluding goodwill) 1231,249
Other noncurrent assets5,5639,296
Other undisclosed noncurrent assets258,40994,976
Total noncurrent assets:270,740109,455
TOTAL ASSETS:487,226260,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:19,94813,943
Accounts payable 12,8597,277
Accrued liabilities 3,4816,666
Other undisclosed accounts payable and accrued liabilities3,608 
Deferred revenue 2,4042,783
Debt12,672 
Disposal group, including discontinued operation  
Other undisclosed current liabilities4,699706
Total current liabilities:39,72317,432
Noncurrent Liabilities
Long-term debt and lease obligation64,61625,918
Long-term debt, excluding current maturities64,61625,918
Liabilities, other than long-term debt6,60614,689
Deferred income tax liabilities4,8453,888
Due to related parties10,010
Other liabilities562388
Operating lease, liability1,199403
Total noncurrent liabilities:71,22240,607
Total liabilities:110,94558,039
Equity
Equity, attributable to parent374,251206,375
Common stock129
Additional paid in capital777,816409,683
Accumulated other comprehensive loss(2,073)(1,189)
Accumulated deficit(401,504)(202,128)
Equity, attributable to noncontrolling interest2,030(3,928)
Total equity:376,281202,447
TOTAL LIABILITIES AND EQUITY:487,226260,486

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
Revenues3,9038,440
Cost of revenue(2,986)(3,135)
Cost of goods and services sold  (1,932)
Gross profit:9175,305
Operating expenses(181,319)(137,470)
Operating loss:(180,402)(132,165)
Nonoperating income (expense)3,618(2,340)
Gain (loss), foreign currency transaction, before tax1,274(1,327)
Other nonoperating income (expense)2,344(1,013)
Interest and debt expense(3,707)(972)
Other undisclosed loss from continuing operations before equity method investments, income taxes  
Loss from continuing operations before equity method investments, income taxes:(180,491)(135,477)
Loss from equity method investments(35,952)(3,711)
Loss from continuing operations before income taxes:(216,443)(139,188)
Income tax expense (benefit)584(618)
Loss from continuing operations:(215,859)(139,806)
Other undisclosed net income (loss)(216)(20,415)
Net loss:(216,075)(160,221)
Net income attributable to noncontrolling interest16,69810,408
Net loss available to common stockholders, diluted:(199,377)(149,813)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
Net loss:(216,075)(160,221)
Other comprehensive income (loss)(1,359)560
Comprehensive loss:(217,434)(159,661)
Comprehensive income, net of tax, attributable to noncontrolling interest17,17310,160
Comprehensive loss, net of tax, attributable to parent:(200,261)(149,501)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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