Ivanhoe Electric (IE) Operating Expenses (2021 - 2026)
Ivanhoe Electric (IE) reported Operating Expenses of $10.3 million for Q1 2026, down 11.79% year-over-year from $11.6 million in Q1 2025, and up 15.05% quarter-over-quarter from $8.9 million in Q4 2025.
Ivanhoe Electric (IE) Operating Expenses (2021 - 2026) Analysis & Trends
Ivanhoe Electric (IE) has 6 years of Operating Expenses data on file, last reported at $10.3 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $10.3 million, down 11.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $66.8 million (down 29.43% YoY), and the FY2025 annual result was $39.5 million, down 77.51% from the prior year.
- Operating Expenses grew to $10.3 million in Q1 2026 per IE's latest filing, from $8.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $46.9 million in Q4 2023 and troughed at $5.9 million in Q2 2022.
- A 5-year average of $20.2 million and a median of $13.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 471.16% in 2023, then sank 70.43% in 2025.
- A 5-year view of Operating Expenses shows it stood at $11.5 million in 2022, then surged by 305.97% to $46.9 million in 2023, then plunged by 35.62% to $30.2 million in 2024, then slumped by 70.43% to $8.9 million in 2025, then increased by 15.05% to $10.3 million in 2026.
- Business Quant data shows IE's Operating Expenses at $10.3 million in Q1 2026, $8.9 million in Q4 2025, and $23.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | 1.77 Bn |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 4.10 Bn |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | 289.40 Mn |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | -11.06 Mn |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | 10.27 Mn |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | -3.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.27 Mn |
| Dec 31, 2025 | 8.92 Mn |
| Sep 30, 2025 | 23.81 Mn |
| Jun 30, 2025 | 23.80 Mn |
| Mar 31, 2025 | 11.64 Mn |
| Dec 31, 2024 | 30.17 Mn |
| Sep 30, 2024 | 41.32 Mn |
| Jun 30, 2024 | 11.54 Mn |
| Mar 31, 2024 | 13.41 Mn |
| Dec 31, 2023 | 46.87 Mn |
| Sep 30, 2023 | 45.65 Mn |
| Jun 30, 2023 | 14.80 Mn |
| Mar 31, 2023 | 12.48 Mn |
| Dec 31, 2022 | 11.55 Mn |
| Sep 30, 2022 | 7.99 Mn |
| Jun 30, 2022 | 5.92 Mn |
| Mar 31, 2022 | 22.55 Mn |
| Dec 31, 2021 | 21.24 Mn |
| Sep 30, 2021 | 17.84 Mn |
| Jun 30, 2021 | 4.18 Mn |