Ivanhoe Mines Ltd.

IVN.TOTSXBasic Materials● Active

$11.49

+$0.34(+3.00%)

Market Cap$16.4B

P/E Ratio—

52W High$20.34

52W Low$8.76

Avg Volume4.9M

Open$11.39

Beta1.81

Free Cash Flow Financials Revenue

Ivanhoe Mines Ltd. (IVN.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

IVN.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

IVN.TO · FCF · TTM · margin & CAGR

Free cash flow was −$477.5M for FY2025 (fiscal year ending 2025-12-31), up 25.9% year-over-year The FCF margin was -106.3%.

FY2025 Free Cash Flow−$477.5M▲ +25.9% YoY

Trailing 12M (TTM)−$497.7Mtrailing 4 quarters sum

FCF Margin-106.3%−$477.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

IVN.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$129.7M(348M)−$477.5M▲ +25.9%-106.3%

FY2024−$152.4M(492M)−$644.1M▼ 26.4%—

FY2023−$31.6M(478M)−$509.5M▼ 2864.2%—

FY2022$177.1M(159M)$18.4M▲ +130.9%—

FY2021−$7.1M(53M)−$59.7M▲ +41.7%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

IVN.TO · P/FCF · FCF yield · FCF per share

Ivanhoe Mines Ltd. (IVN.TO) reported negative free cash flow of −$0.48B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

IVN.TO · cash flow statement · operating / investing / financing

For FY2025, Ivanhoe Mines Ltd. generated −$129.7M in operating cash flow and spent 348M in capital expenditures, yielding −$477.5M in free cash flow.

Operating Activities

−$129.7M

Cash from core business operations

2025-12-31

Investing Activities

−$677.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.44B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$129.7M) − |CapEx| (348M) = FCF (−$477.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

IVN.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ivanhoe Mines Ltd.YOU

IVN.TO

−$477.5M+25.9%-106.3%

Loss

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ivanhoe Mines Ltd. (IVN.TO) reported free cash flow of −$477.5M for FY2025 (fiscal year ending 2025-12-31), up 25.9% year-over-year. The FCF margin was -106.3%.

Based on available data, Ivanhoe Mines Ltd. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $18.4M in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

IVN.TO free cash flow · 8 questions

Ivanhoe Mines Ltd. free cash flow was −$477.5M for FY2025, up 25.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$497.7M.

IVN.TO free cash flowIVN.TO FCFIVN.TO FCF 2025IVN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ivanhoe Mines Ltd. · Ivanhoe Mines Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026