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Ivanhoe Electric IE Exploration Expense

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Segments

By segment

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Critical Metals$10.87M+25.6%
Santa Cruz Copper Project$10.54M+94.2%
Data Processing$0
Energy Storage$0

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$1.76B+34.6%
Enterprise value$1.53B+23.6%
P/S580.7×+238×

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:ExplorationExpense.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of sales(356)(294)(709)(587)
Gross profit3687748731,216
Operating expenses:
Exploration expenses21,40814,07844,61429,863
General and administrative expenses8,2669,72118,12821,307
Research and development expenses17455578107
Selling and marketing expenses23
Gain on divestment of Alacrán project(124,723)

Item 1. Condensed Interim Consolidated Financial Statements

FAQ

What is Ivanhoe Electric's exploration expense?
Ivanhoe Electric (IE) reported exploration expense of $21.41M in Q2 2026.
How has Ivanhoe Electric's exploration expense changed year-over-year?
Ivanhoe Electric's exploration expense increased by 52.1% year-over-year, from $14.08M to $21.41M.
What is the long-term trend for Ivanhoe Electric's exploration expense?
Over 4 years (2021 to 2025), Ivanhoe Electric's exploration expense has grown at a 12.5% compound annual growth rate (CAGR), from $39.51M to $63.29M.
What does exploration expense mean?
Represents the costs incurred by an entity to identify, evaluate, and develop mineral properties or natural resources. This metric reflects the ongoing investment in geological research and site development necessary to bring potential mining projects to production.

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