ioneer Ltd(IONR)Earnings, Financials & Key Ratios
IONR•NASDAQ
$4.29
Price updated Jul 6, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
Aboutioneer Ltd explores for and develops mineral properties in North America. It owns 100% interest in the Rhyolite Ridge lithium-boron project located in Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018. ioneer Ltd was incorporated in 2001 and is based in North Sydney, Australia.Show more
- Revenue$0
- EBITDA-$6K+99.9%
- Net Income-$10K+99.9%
- EPS (Diluted)-0.00+97.3%
- ROE-0%+99.9%
IONR Price & Volume
ioneer Ltd (IONR) stock price & volume — 10-year historical chart
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Persistent Development Costs Challenge Rhyolite Ridge Viability
Investment Thesis • Updated 2026Q2
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory and Permitting Delays
Key Thesis Takeaways
- Ioneer Ltd remains in a high-risk, pre-revenue development phase, with its financial health entirely dependent on the successful permitting and commercialization of the Rhyolite Ridge lithium-boron project.
- While the company has invested heavily in infrastructure, evidenced by net PPE growth to $203.7 million by 2025Q4, the lack of revenue generation and persistent operating losses create significant liquidity pressure.
- Investors should monitor the company's ability to manage its dwindling cash reserves, which fell from $108.0 million in 2022Q2 to $17.9 million in 2026Q2, against the backdrop of ongoing regulatory and environmental permitting hurdles.
Verdict Logic
the company's speculative status is underscored by a persistent lack of revenue and a significant decline in cash reserves from $108.0 million in 2022Q2 to $17.9 million in 2026Q2, which necessitates further capital raises.
IONR Growth Metrics
ioneer Ltd (IONR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-10.92%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-39.81%
Return on Capital
10 Years-45.29%
5 Years-4%
3 Years-2.47%
Last Year-0%
IONR Recent Earnings
ioneer Ltd (IONR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (67%)
Q1 2025Latest
Feb 19, 2025Metric
Actual
Est
EPS
$0.00+99.9%
$0.04
Rev
—
—
Q4 2024
Sep 19, 2024Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
—
—
Q3 2024
Aug 20, 2024Metric
Actual
Est
EPS
$0.10
—
Rev
—
—
Q1 2024
Feb 25, 2024Metric
Actual
Est
EPS
$0.00+99.9%
$0.04
Rev
—
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2025Latest | Feb 19, 2025 | $0.00vs $0.04+99.9% | — |
| Q4 2024 | Sep 19, 2024 | $0.04vs $0.04+0.0% | — |
| Q3 2024 | Aug 20, 2024 | $0.10 | — |
| Q1 2024 | Feb 25, 2024 | $0.00vs $0.04+99.9% | — |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for ioneer Ltd (IONR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.29 | $10.11M | -1072.50 | — | — | -0% | — | |
| $3.82 | $852.92M | -7.49 | — | — | -8.28% | — | |
| $12.02 | $12.14B | 78.49 | -24.4% | 1.01% | 1.54% | — | |
| $2.68 | $547.3M | -8.93 | — | — | -16.33% | — | |
| $133.80 | $15.78B | -23.27 | -4.37% | -4.24% | -2.29% | — | |
| $73.52 | $21B | 35.69 | 0.89% | 15.38% | 12.01% | — |
Compare IONR vs Peers
ioneer Ltd (IONR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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IONR Frequently Asked Questions
ioneer Ltd (IONR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is IONR profitable?
ioneer Ltd (IONR) reported a net loss of $11.9M for fiscal year 2025.
Dividend & Returns
What is IONR's return on equity?
ioneer Ltd (IONR) has a return on equity (ROE) of -0.0%. Negative ROE indicates the company is unprofitable.
What is ioneer Ltd's free cash flow?
ioneer Ltd (IONR) had negative free cash flow of $12.3M in fiscal year 2025, likely due to heavy capital investments.