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Ivanhoe Electric IE Santa Cruz Copper Project — Operating Income (Loss)

Other segment segments

Critical Metals
-$10.45M+47.9%
Energy Storage
-$652K+7.8%
Data Processing
$155K-72.2%

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Other financials

Income statement

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Revenue$724.0K-32.2%
Gross profit$368.0K-52.5%
Operating income-$21.5M+16.2%
Net income-$24.7M-3.4%
EPS (diluted)$0.16-11.1%

Balance sheet

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Cash & equivalents$258.4M+189%
Total debt$36.6M+38.9%
Total equity$525.8M+79.3%
Total assets$584.8M+46.0%

Cash flow

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Operating cash flow-$20.0M+0.2%
CapEx$227.0K-81.9%
Free cash flow-$20.2M+5.0%

Valuation

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Market cap$1.69B+33.1%
Enterprise value$1.47B+21.7%
P/S560.3×+226×

Profitability

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Gross margin58.7%-6.8pp
Operating margin474.5%+253pp
Net margin-1,138.7%
FCF margin-3,532.1%+663pp

Returns & leverage

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Return on equity-8.4%
Debt / equity0.1×0.0×
Current ratio+1.2×

Where this comes from

Reported directly by Ivanhoe Electric in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Ivanhoe Electric’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 8:38 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001879016-26-000017
Line itemSanta Cruz Copper ProjectCritical MetalsData ProcessingEnergy StorageTotal
General and administrative expenses7,5781545348,266
Other segment items1(8,003)415118(7,470)
Total segment operating expenses10,53710,44656965222,204
Loss (income) from operations10,53710,446(155)65221,480
Depreciation and amortization4444712459
Segment assets208,981319,6462,65653,537584,820
Expenditures for segment assets19,8001,64419621,640
Investments subject to significant influence11,88276544,05856,705

Item 1. Condensed Interim Consolidated Financial Statements

FAQ

What is Ivanhoe Electric's santa cruz copper project — operating income (loss)?
Ivanhoe Electric (IE) reported santa cruz copper project — operating income (loss) of -$10.54M in Q2 2026.
How has Ivanhoe Electric's santa cruz copper project — operating income (loss) changed year-over-year?
Ivanhoe Electric's santa cruz copper project — operating income (loss) decreased by 94.2% year-over-year, from -$5.43M to -$10.54M.
What is the long-term trend for Ivanhoe Electric's santa cruz copper project — operating income (loss)?
Over 2 years (2023 to 2025), Ivanhoe Electric's santa cruz copper project — operating income (loss) has grown at a -35.6% compound annual growth rate (CAGR), from -$57.83M to -$24M.
What does santa cruz copper project — operating income (loss) mean?
Measures the profitability of the Santa Cruz Copper Project segment by subtracting operating expenses from its gross revenue. This metric highlights the operational efficiency and cost management of the project during its exploration and development phases. It is a critical indicator of the financial burden the project places on the parent company before achieving commercial viability.

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