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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.
Ivanhoe Electric Inc. is the larger business by last-quarter revenue ($896.0K vs $707.3K, roughly 1.3× Pineapple Financial Inc.). Pineapple Financial Inc. runs the higher net margin — -2756.2% vs -4500.4%, a 1744.2% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -32.7%). Pineapple Financial Inc. produced more free cash flow last quarter ($-3.3M vs $-25.7M). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -2.0%).
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.
IE vs PAPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $896.0K | $707.3K |
| Net Profit | $-40.3M | $-19.5M |
| Gross Margin | 69.5% | 48.9% |
| Operating Margin | -4167.7% | -2518.8% |
| Net Margin | -4500.4% | -2756.2% |
| Revenue YoY | -32.7% | -4.8% |
| Net Profit YoY | -318.3% | -3174.1% |
| EPS (diluted) | $0.24 | $-1.21 |
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.
| Q1 26 | — | $707.3K | ||
| Q4 25 | $896.0K | $721.7K | ||
| Q3 25 | $545.0K | $730.5K | ||
| Q2 25 | $1.1M | $746.9K | ||
| Q1 25 | $735.0K | $743.3K | ||
| Q4 24 | $1.3M | $766.1K | ||
| Q3 24 | $671.0K | $598.3K | ||
| Q2 24 | $538.0K | $736.4K |
| Q1 26 | — | $-19.5M | ||
| Q4 25 | $-40.3M | $-6.4M | ||
| Q3 25 | $-17.5M | $-1.8M | ||
| Q2 25 | $-23.9M | $-557.7K | ||
| Q1 25 | $-34.1M | $-595.4K | ||
| Q4 24 | $18.5M | $-656.9K | ||
| Q3 24 | $-43.2M | $-1.7M | ||
| Q2 24 | $-46.8M | $-848.6K |
| Q1 26 | — | 48.9% | ||
| Q4 25 | 69.5% | 49.6% | ||
| Q3 25 | 51.2% | 27.8% | ||
| Q2 25 | 72.5% | 67.6% | ||
| Q1 25 | 60.1% | 43.4% | ||
| Q4 24 | 64.7% | 45.9% | ||
| Q3 24 | 61.8% | 43.2% | ||
| Q2 24 | 64.3% | 44.2% |
| Q1 26 | — | -2518.8% | ||
| Q4 25 | -4167.7% | -909.1% | ||
| Q3 25 | -4328.3% | -131.3% | ||
| Q2 25 | -2400.3% | -93.3% | ||
| Q1 25 | -3674.0% | -80.6% | ||
| Q4 24 | -2229.4% | -90.5% | ||
| Q3 24 | -6233.8% | -232.8% | ||
| Q2 24 | -9023.4% | -121.7% |
| Q1 26 | — | -2756.2% | ||
| Q4 25 | -4500.4% | -891.6% | ||
| Q3 25 | -3214.9% | -250.3% | ||
| Q2 25 | -2233.2% | -74.7% | ||
| Q1 25 | -4645.0% | -80.1% | ||
| Q4 24 | 1386.6% | -85.7% | ||
| Q3 24 | -6443.5% | -283.9% | ||
| Q2 24 | -8695.7% | -115.2% |
| Q1 26 | — | $-1.21 | ||
| Q4 25 | $0.24 | $-4.79 | ||
| Q3 25 | $0.13 | $-0.93 | ||
| Q2 25 | $0.18 | $-0.05 | ||
| Q1 25 | $0.24 | $-1.73 | ||
| Q4 24 | $-0.14 | $-2.60 | ||
| Q3 24 | $0.36 | $-11.10 | ||
| Q2 24 | $0.39 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $173.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.1M | $27.1M |
| Total Assets | $483.3M | $48.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $173.3M | — | ||
| Q3 25 | $69.5M | — | ||
| Q2 25 | $88.0M | — | ||
| Q1 25 | $98.2M | — | ||
| Q4 24 | $41.0M | — | ||
| Q3 24 | $81.1M | — | ||
| Q2 24 | $133.8M | — |
| Q1 26 | — | $27.1M | ||
| Q4 25 | $416.1M | $-5.5M | ||
| Q3 25 | $280.1M | $906.7K | ||
| Q2 25 | $293.3M | $842.6K | ||
| Q1 25 | $307.0M | $739.7K | ||
| Q4 24 | $268.6M | $1.3M | ||
| Q3 24 | $250.1M | $1.3M | ||
| Q2 24 | $289.2M | $2.0M |
| Q1 26 | — | $48.9M | ||
| Q4 25 | $483.3M | $10.6M | ||
| Q3 25 | $386.2M | $5.4M | ||
| Q2 25 | $400.5M | $4.7M | ||
| Q1 25 | $414.4M | $4.0M | ||
| Q4 24 | $374.9M | $4.1M | ||
| Q3 24 | $375.4M | $4.1M | ||
| Q2 24 | $416.3M | $4.3M |
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 | $-25.7M | $-3.3M |
| Free Cash FlowOCF − Capex | $-25.7M | $-3.3M |
| FCF MarginFCF / Revenue | -2872.8% | -462.7% |
| Capex IntensityCapex / Revenue | 4.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-90.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-25.7M | $-489.7K | ||
| Q3 25 | $-27.7M | $-507.6K | ||
| Q2 25 | $-20.0M | $397.0K | ||
| Q1 25 | $-15.8M | $-172.6K | ||
| Q4 24 | $-30.7M | $-663.6K | ||
| Q3 24 | $-36.9M | $-264.7K | ||
| Q2 24 | $-44.5M | $123.0K |
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-25.7M | $-491.7K | ||
| Q3 25 | $-27.8M | — | ||
| Q2 25 | $-21.3M | — | ||
| Q1 25 | $-15.8M | — | ||
| Q4 24 | $-32.4M | — | ||
| Q3 24 | $-36.9M | $-264.7K | ||
| Q2 24 | $-45.0M | $122.7K |
| Q1 26 | — | -462.7% | ||
| Q4 25 | -2872.8% | -68.1% | ||
| Q3 25 | -5103.9% | — | ||
| Q2 25 | -1990.1% | — | ||
| Q1 25 | -2146.5% | — | ||
| Q4 24 | -2432.4% | — | ||
| Q3 24 | -5506.6% | -44.2% | ||
| Q2 24 | -8372.9% | 16.7% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 4.1% | 0.3% | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 117.6% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 127.3% | — | ||
| Q3 24 | 8.8% | 0.0% | ||
| Q2 24 | 93.7% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.66× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
