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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and Serve Robotics Inc. (SERV). Click either name above to swap in a different company.
Ivanhoe Electric Inc. is the larger business by last-quarter revenue ($896.0K vs $881.5K, roughly 1.0× Serve Robotics Inc.). Serve Robotics Inc. runs the higher net margin — -3888.1% vs -4500.4%, a 612.3% gap on every dollar of revenue. On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs -32.7%). Ivanhoe Electric Inc. produced more free cash flow last quarter ($-25.7M vs $-46.1M). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -3.5%).
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.
Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...
IE vs SERV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $896.0K | $881.5K |
| Net Profit | $-40.3M | $-34.3M |
| Gross Margin | 69.5% | -757.3% |
| Operating Margin | -4167.7% | -4572.1% |
| Net Margin | -4500.4% | -3888.1% |
| Revenue YoY | -32.7% | 400.1% |
| Net Profit YoY | -318.3% | -161.3% |
| EPS (diluted) | $0.24 | $-0.50 |
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 | $896.0K | $881.5K | ||
| Q3 25 | $545.0K | $687.0K | ||
| Q2 25 | $1.1M | $642.0K | ||
| Q1 25 | $735.0K | $440.5K | ||
| Q4 24 | $1.3M | $176.3K | ||
| Q3 24 | $671.0K | $222.0K | ||
| Q2 24 | $538.0K | $468.0K | ||
| Q1 24 | $360.0K | $946.7K |
| Q4 25 | $-40.3M | $-34.3M | ||
| Q3 25 | $-17.5M | $-33.0M | ||
| Q2 25 | $-23.9M | $-20.9M | ||
| Q1 25 | $-34.1M | $-13.2M | ||
| Q4 24 | $18.5M | $-13.1M | ||
| Q3 24 | $-43.2M | $-8.0M | ||
| Q2 24 | $-46.8M | $-9.0M | ||
| Q1 24 | $-60.1M | $-9.0M |
| Q4 25 | 69.5% | -757.3% | ||
| Q3 25 | 51.2% | -637.4% | ||
| Q2 25 | 72.5% | -445.3% | ||
| Q1 25 | 60.1% | -333.4% | ||
| Q4 24 | 64.7% | -371.7% | ||
| Q3 24 | 61.8% | -70.3% | ||
| Q2 24 | 64.3% | 30.3% | ||
| Q1 24 | 72.2% | 62.8% |
| Q4 25 | -4167.7% | -4572.1% | ||
| Q3 25 | -4328.3% | -5067.8% | ||
| Q2 25 | -2400.3% | -3527.1% | ||
| Q1 25 | -3674.0% | -3406.6% | ||
| Q4 24 | -2229.4% | -7701.3% | ||
| Q3 24 | -6233.8% | -3804.1% | ||
| Q2 24 | -9023.4% | -1828.2% | ||
| Q1 24 | -15800.3% | -814.6% |
| Q4 25 | -4500.4% | -3888.1% | ||
| Q3 25 | -3214.9% | -4806.4% | ||
| Q2 25 | -2233.2% | -3247.7% | ||
| Q1 25 | -4645.0% | -3000.5% | ||
| Q4 24 | 1386.6% | -7441.8% | ||
| Q3 24 | -6443.5% | -3601.8% | ||
| Q2 24 | -8695.7% | -1931.2% | ||
| Q1 24 | -16693.1% | -954.7% |
| Q4 25 | $0.24 | $-0.50 | ||
| Q3 25 | $0.13 | $-0.54 | ||
| Q2 25 | $0.18 | $-0.36 | ||
| Q1 25 | $0.24 | $-0.23 | ||
| Q4 24 | $-0.14 | $-0.23 | ||
| Q3 24 | $0.36 | $-0.20 | ||
| Q2 24 | $0.39 | $-0.27 | ||
| Q1 24 | $0.46 | $-0.37 |
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 | $106.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.1M | $350.7M |
| Total Assets | $483.3M | $367.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.3M | $106.2M | ||
| Q3 25 | $69.5M | $116.8M | ||
| Q2 25 | $88.0M | $116.7M | ||
| Q1 25 | $98.2M | $197.8M | ||
| Q4 24 | $41.0M | $123.3M | ||
| Q3 24 | $81.1M | $50.9M | ||
| Q2 24 | $133.8M | $28.8M | ||
| Q1 24 | $179.4M | — |
| Q4 25 | $416.1M | $350.7M | ||
| Q3 25 | $280.1M | $283.9M | ||
| Q2 25 | $293.3M | $207.2M | ||
| Q1 25 | $307.0M | $210.2M | ||
| Q4 24 | $268.6M | $131.7M | ||
| Q3 24 | $250.1M | $56.2M | ||
| Q2 24 | $289.2M | $28.5M | ||
| Q1 24 | $331.5M | $-8.8M |
| Q4 25 | $483.3M | $367.8M | ||
| Q3 25 | $386.2M | $299.1M | ||
| Q2 25 | $400.5M | $214.3M | ||
| Q1 25 | $414.4M | $216.6M | ||
| Q4 24 | $374.9M | $139.6M | ||
| Q3 24 | $375.4M | $61.5M | ||
| Q2 24 | $416.3M | $32.8M | ||
| Q1 24 | $461.2M | $4.2M |
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 | $-29.6M |
| Free Cash FlowOCF − Capex | $-25.7M | $-46.1M |
| FCF MarginFCF / Revenue | -2872.8% | -5234.4% |
| Capex IntensityCapex / Revenue | 4.1% | 1872.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-90.6M | $-117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.7M | $-29.6M | ||
| Q3 25 | $-27.7M | $-25.2M | ||
| Q2 25 | $-20.0M | $-16.0M | ||
| Q1 25 | $-15.8M | $-9.5M | ||
| Q4 24 | $-30.7M | $-6.3M | ||
| Q3 24 | $-36.9M | $-5.5M | ||
| Q2 24 | $-44.5M | $-5.7M | ||
| Q1 24 | $-50.0M | $-4.1M |
| Q4 25 | $-25.7M | $-46.1M | ||
| Q3 25 | $-27.8M | $-36.5M | ||
| Q2 25 | $-21.3M | $-22.0M | ||
| Q1 25 | $-15.8M | $-12.9M | ||
| Q4 24 | $-32.4M | $-11.1M | ||
| Q3 24 | $-36.9M | $-10.1M | ||
| Q2 24 | $-45.0M | $-6.5M | ||
| Q1 24 | $-50.6M | $-4.1M |
| Q4 25 | -2872.8% | -5234.4% | ||
| Q3 25 | -5103.9% | -5314.1% | ||
| Q2 25 | -1990.1% | -3426.8% | ||
| Q1 25 | -2146.5% | -2934.1% | ||
| Q4 24 | -2432.4% | -6307.8% | ||
| Q3 24 | -5506.6% | -4529.7% | ||
| Q2 24 | -8372.9% | -1396.6% | ||
| Q1 24 | -14064.2% | -431.1% |
| Q4 25 | 4.1% | 1872.1% | ||
| Q3 25 | 16.9% | 1649.6% | ||
| Q2 25 | 117.6% | 940.4% | ||
| Q1 25 | 0.3% | 785.7% | ||
| Q4 24 | 127.3% | 2755.1% | ||
| Q3 24 | 8.8% | 2070.7% | ||
| Q2 24 | 93.7% | 169.8% | ||
| Q1 24 | 186.7% | 0.4% |
| 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.
