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Side-by-side financial comparison of Alset Inc. (AEI) and Ivanhoe Electric Inc. (IE). Click either name above to swap in a different company.
Alset Inc. is the larger business by last-quarter revenue ($1.3M vs $896.0K, roughly 1.5× Ivanhoe Electric Inc.). On growth, Ivanhoe Electric Inc. posted the faster year-over-year revenue change (-32.7% vs -85.4%). Alset Inc. produced more free cash flow last quarter ($-6.1M vs $-25.7M). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -53.7%).
Alset Global GmbH is an Austrian technology and engineering company based in Graz that specialises in hydrogen-based clean mobility products. Alset Global is known for developing a Hybrid Hydrogen internal combustion engine that can run on either pure petrol, pure hydrogen or a combination of both. This technology offers a sustainable and clean alternative to petrol-based internal combustion engines. The technology has been developed to create an alternative technology to meet new emission ta...
Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.
AEI vs IE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $896.0K |
| Net Profit | — | $-40.3M |
| Gross Margin | 35.2% | 69.5% |
| Operating Margin | — | -4167.7% |
| Net Margin | — | -4500.4% |
| Revenue YoY | -85.4% | -32.7% |
| Net Profit YoY | -1491.5% | -318.3% |
| EPS (diluted) | — | $0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.3M | $896.0K | ||
| Q3 25 | $998.8K | $545.0K | ||
| Q2 25 | $1.1M | $1.1M | ||
| Q1 25 | $1.1M | $735.0K | ||
| Q4 24 | $8.9M | $1.3M | ||
| Q3 24 | $5.0M | $671.0K | ||
| Q2 24 | $1.1M | $538.0K | ||
| Q1 24 | $6.1M | $360.0K |
| Q4 25 | — | $-40.3M | ||
| Q3 25 | $1.5M | $-17.5M | ||
| Q2 25 | $-8.2M | $-23.9M | ||
| Q1 25 | $-8.3M | $-34.1M | ||
| Q4 24 | $2.3M | $18.5M | ||
| Q3 24 | $1.7M | $-43.2M | ||
| Q2 24 | $-1.2M | $-46.8M | ||
| Q1 24 | $-6.8M | $-60.1M |
| Q4 25 | 35.2% | 69.5% | ||
| Q3 25 | 24.3% | 51.2% | ||
| Q2 25 | 23.3% | 72.5% | ||
| Q1 25 | 27.2% | 60.1% | ||
| Q4 24 | 51.4% | 64.7% | ||
| Q3 24 | 40.5% | 61.8% | ||
| Q2 24 | 26.4% | 64.3% | ||
| Q1 24 | 23.5% | 72.2% |
| Q4 25 | — | -4167.7% | ||
| Q3 25 | -258.2% | -4328.3% | ||
| Q2 25 | -250.7% | -2400.3% | ||
| Q1 25 | -368.1% | -3674.0% | ||
| Q4 24 | 21.5% | -2229.4% | ||
| Q3 24 | -19.4% | -6233.8% | ||
| Q2 24 | -249.3% | -9023.4% | ||
| Q1 24 | -37.2% | -15800.3% |
| Q4 25 | — | -4500.4% | ||
| Q3 25 | 151.4% | -3214.9% | ||
| Q2 25 | -748.1% | -2233.2% | ||
| Q1 25 | -780.1% | -4645.0% | ||
| Q4 24 | 26.0% | 1386.6% | ||
| Q3 24 | 34.6% | -6443.5% | ||
| Q2 24 | -109.9% | -8695.7% | ||
| Q1 24 | -111.2% | -16693.1% |
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.05 | $0.13 | ||
| Q2 25 | $-0.71 | $0.18 | ||
| Q1 25 | $-0.78 | $0.24 | ||
| Q4 24 | $0.24 | $-0.14 | ||
| Q3 24 | $0.19 | $0.36 | ||
| Q2 24 | $-0.13 | $0.39 | ||
| Q1 24 | $-0.73 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.2M | $173.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $121.1M | $416.1M |
| Total Assets | $136.6M | $483.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.2M | $173.3M | ||
| Q3 25 | $25.5M | $69.5M | ||
| Q2 25 | $25.6M | $88.0M | ||
| Q1 25 | $25.2M | $98.2M | ||
| Q4 24 | $27.2M | $41.0M | ||
| Q3 24 | $16.7M | $81.1M | ||
| Q2 24 | $18.9M | $133.8M | ||
| Q1 24 | $23.7M | $179.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $116.5K | — | ||
| Q4 24 | $123.1K | — | ||
| Q3 24 | $137.9K | — | ||
| Q2 24 | $137.8K | — | ||
| Q1 24 | $145.8K | — |
| Q4 25 | $121.1M | $416.1M | ||
| Q3 25 | $155.7M | $280.1M | ||
| Q2 25 | $72.8M | $293.3M | ||
| Q1 25 | $76.4M | $307.0M | ||
| Q4 24 | $81.3M | $268.6M | ||
| Q3 24 | $84.2M | $250.1M | ||
| Q2 24 | $79.4M | $289.2M | ||
| Q1 24 | $81.7M | $331.5M |
| Q4 25 | $136.6M | $483.3M | ||
| Q3 25 | $169.1M | $386.2M | ||
| Q2 25 | $86.0M | $400.5M | ||
| Q1 25 | $90.5M | $414.4M | ||
| Q4 24 | $96.8M | $374.9M | ||
| Q3 24 | $98.8M | $375.4M | ||
| Q2 24 | $93.5M | $416.3M | ||
| Q1 24 | $96.7M | $461.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.9M | $-25.7M |
| Free Cash FlowOCF − Capex | $-6.1M | $-25.7M |
| FCF MarginFCF / Revenue | -467.7% | -2872.8% |
| Capex IntensityCapex / Revenue | 13.4% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.8M | $-90.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.9M | $-25.7M | ||
| Q3 25 | $883.4K | $-27.7M | ||
| Q2 25 | $-2.6M | $-20.0M | ||
| Q1 25 | $-3.8M | $-15.8M | ||
| Q4 24 | $5.2M | $-30.7M | ||
| Q3 24 | $-2.9M | $-36.9M | ||
| Q2 24 | $-4.4M | $-44.5M | ||
| Q1 24 | $-1.5M | $-50.0M |
| Q4 25 | $-6.1M | $-25.7M | ||
| Q3 25 | $822.4K | $-27.8M | ||
| Q2 25 | $-2.7M | $-21.3M | ||
| Q1 25 | $-3.8M | $-15.8M | ||
| Q4 24 | $5.1M | $-32.4M | ||
| Q3 24 | $-2.9M | $-36.9M | ||
| Q2 24 | $-4.4M | $-45.0M | ||
| Q1 24 | $-1.5M | $-50.6M |
| Q4 25 | -467.7% | -2872.8% | ||
| Q3 25 | 82.3% | -5103.9% | ||
| Q2 25 | -245.9% | -1990.1% | ||
| Q1 25 | -357.3% | -2146.5% | ||
| Q4 24 | 56.5% | -2432.4% | ||
| Q3 24 | -58.2% | -5506.6% | ||
| Q2 24 | -392.3% | -8372.9% | ||
| Q1 24 | -24.8% | -14064.2% |
| Q4 25 | 13.4% | 4.1% | ||
| Q3 25 | 6.1% | 16.9% | ||
| Q2 25 | 7.6% | 117.6% | ||
| Q1 25 | 5.7% | 0.3% | ||
| Q4 24 | 1.1% | 127.3% | ||
| Q3 24 | 0.6% | 8.8% | ||
| Q2 24 | 3.0% | 93.7% | ||
| Q1 24 | 0.0% | 186.7% |
| Q4 25 | — | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.22× | -1.66× | ||
| Q3 24 | -1.66× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
