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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and RELMADA THERAPEUTICS, INC. (RLMD). Click either name above to swap in a different company.

RELMADA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($1.3M vs $896.0K, roughly 1.4× Ivanhoe Electric Inc.). On growth, RELMADA THERAPEUTICS, INC. posted the faster year-over-year revenue change (13.0% vs -32.7%). Over the past eight quarters, RELMADA THERAPEUTICS, INC.'s revenue compounded faster (95.4% CAGR vs 57.8%).

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.

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

IE vs RLMD — Head-to-Head

Bigger by revenue
RLMD
RLMD
1.4× larger
RLMD
$1.3M
$896.0K
IE
Growing faster (revenue YoY)
RLMD
RLMD
+45.7% gap
RLMD
13.0%
-32.7%
IE
Faster 2-yr revenue CAGR
RLMD
RLMD
Annualised
RLMD
95.4%
57.8%
IE

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
IE
IE
RLMD
RLMD
Revenue
$896.0K
$1.3M
Net Profit
$-40.3M
Gross Margin
69.5%
Operating Margin
-4167.7%
-2130.6%
Net Margin
-4500.4%
Revenue YoY
-32.7%
13.0%
Net Profit YoY
-318.3%
EPS (diluted)
$0.24
$-0.84

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.

Revenue
IE
IE
RLMD
RLMD
Q4 25
$896.0K
Q3 25
$545.0K
Q2 25
$1.1M
Q1 25
$735.0K
Q4 24
$1.3M
Q3 24
$671.0K
Q2 24
$538.0K
Q1 24
$360.0K
Net Profit
IE
IE
RLMD
RLMD
Q4 25
$-40.3M
Q3 25
$-17.5M
Q2 25
$-23.9M
Q1 25
$-34.1M
Q4 24
$18.5M
Q3 24
$-43.2M
Q2 24
$-46.8M
Q1 24
$-60.1M
Gross Margin
IE
IE
RLMD
RLMD
Q4 25
69.5%
Q3 25
51.2%
Q2 25
72.5%
Q1 25
60.1%
Q4 24
64.7%
Q3 24
61.8%
Q2 24
64.3%
Q1 24
72.2%
Operating Margin
IE
IE
RLMD
RLMD
Q4 25
-4167.7%
Q3 25
-4328.3%
Q2 25
-2400.3%
Q1 25
-3674.0%
Q4 24
-2229.4%
Q3 24
-6233.8%
Q2 24
-9023.4%
Q1 24
-15800.3%
Net Margin
IE
IE
RLMD
RLMD
Q4 25
-4500.4%
Q3 25
-3214.9%
Q2 25
-2233.2%
Q1 25
-4645.0%
Q4 24
1386.6%
Q3 24
-6443.5%
Q2 24
-8695.7%
Q1 24
-16693.1%
EPS (diluted)
IE
IE
RLMD
RLMD
Q4 25
$0.24
Q3 25
$0.13
Q2 25
$0.18
Q1 25
$0.24
Q4 24
$-0.14
Q3 24
$0.36
Q2 24
$0.39
Q1 24
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IE
IE
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$173.3M
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.1M
$85.4M
Total Assets
$483.3M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IE
IE
RLMD
RLMD
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 24
$179.4M
Stockholders' Equity
IE
IE
RLMD
RLMD
Q4 25
$416.1M
Q3 25
$280.1M
Q2 25
$293.3M
Q1 25
$307.0M
Q4 24
$268.6M
Q3 24
$250.1M
Q2 24
$289.2M
Q1 24
$331.5M
Total Assets
IE
IE
RLMD
RLMD
Q4 25
$483.3M
Q3 25
$386.2M
Q2 25
$400.5M
Q1 25
$414.4M
Q4 24
$374.9M
Q3 24
$375.4M
Q2 24
$416.3M
Q1 24
$461.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IE
IE
RLMD
RLMD
Operating Cash FlowLast quarter
$-25.7M
$-10.2M
Free Cash FlowOCF − Capex
$-25.7M
FCF MarginFCF / Revenue
-2872.8%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-90.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IE
IE
RLMD
RLMD
Q4 25
$-25.7M
Q3 25
$-27.7M
Q2 25
$-20.0M
Q1 25
$-15.8M
Q4 24
$-30.7M
Q3 24
$-36.9M
Q2 24
$-44.5M
Q1 24
$-50.0M
Free Cash Flow
IE
IE
RLMD
RLMD
Q4 25
$-25.7M
Q3 25
$-27.8M
Q2 25
$-21.3M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
Q2 24
$-45.0M
Q1 24
$-50.6M
FCF Margin
IE
IE
RLMD
RLMD
Q4 25
-2872.8%
Q3 25
-5103.9%
Q2 25
-1990.1%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
Q2 24
-8372.9%
Q1 24
-14064.2%
Capex Intensity
IE
IE
RLMD
RLMD
Q4 25
4.1%
Q3 25
16.9%
Q2 25
117.6%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
Q2 24
93.7%
Q1 24
186.7%
Cash Conversion
IE
IE
RLMD
RLMD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.66×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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