Ivanhoe Electric

Q2 FY2026 EarningsQ2 FY26 missed consensus expectations on the top line but showed a narrower-than-expected loss on a GAAP EPS basis. Revenue of $0.72M missed the $1.00M consensus as data processing volume at CGI slowed. GAAP EPS of -$0.16 beat the -$0.15 consensus slightly due to effective cost management in G&A and a $8.0M one-time gain from the Pinaya project divestment. Cash used in operations of $62.3M (YTD) reflects accelerated exploration spending at the Santa Cruz project, while the liquidity position remains strong with $256.9M in cash following warrant exercises.