Ivanhoe Electric posted higher revenue from its data processing segment but recorded a net loss of $28.97 million in Q2 2025 due to substantial exploration and administrative costs. The company ended the quarter with strong cash reserves of $88 million, reflecting proceeds from a recent public offering.

Ivanhoe Electric Inc. reported a net loss of $34.141 million for the three months ended March 31, 2025, a significant improvement from the $60.095 million net loss in the prior year. This was primarily driven by a decrease in exploration expenses. Revenue increased to $735 thousand, up from $360 thousand, and gross profit rose to $442 thousand from $260 thousand.