IONR

MKT CAP:$241M

ioneer Ltd

Market Cap

$241M

Basic Materials·Industrial Materials·🇦🇺 Australia·NASDAQ

Materials·Industrial·🇦🇺·NASDAQ

Stock Price

$4.24-$0.98 (-18.77%)

Apr 20, 2026

Company Details

ioneer 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 an...

CEO

Bernard Anthony Rowe

IPO Date

Jun 30, 2022

Website

www.ioneer.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$13M

EPS (Diluted)

-$0.33

Free Cash Flow

-$30M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q2 2026

Mar 18, 2026

$0EPS -$0.07

Q2 2025

Dec 30, 2024

$0EPS -$0.08

FY 2024

Oct 22, 2024

$0EPS -$0.15

FY 2023

Oct 27, 2023

$0EPS -$0.12

FY 2022

Oct 21, 2022

$0EPS -$0.18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 13	$37	$37	-$889
Q2 14	$17	$17	-$127
Q4 14	$30	$30	-$2.2K
Q2 15	$2	$2	-$130
Q4 15	$3	$3	-$370
Q2 16	$0	$0	-$2.0K
Q4 16	$1	-$160	-$368
Q2 17	$0	$0	-$435
Q4 17	$0	$0	-$3.3K
Q2 18	$0	$0	-$849
Q4 18	$0	$0	-$903
Q2 19	$0	$0	-$1.3K
Q2 22	$0	-$2.2K	-$9M
Q4 22	$0	-$170.0K	-$6M
Q2 25	$0	-$130.5K	-$3.4K
Q2 26	$0	-$177.3K	-$4M

Valuation

Quarter	P/S	P/E
Q4 13	—	—
Q2 14	—	—
Q4 14	—	—
Q2 15	7976985.6x	—
Q4 15	13192707.0x	—
Q2 16	19600593.2x	—
Q4 16	114336793.7x	—
Q2 17	171505190.5x	—
Q4 17	686020762.0x	—
Q2 18	686020762.0x	—
Q4 18	—	—
Q2 19	—	—
Q2 22	—	—
Q4 22	—	—
Q2 25	—	—
Q2 26	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 13	-$29	$160
Q2 14	-$297	-$461
Q4 14	$35	$196
Q2 15	-$122	-$248
Q4 15	$0	$109
Q2 16	-$66	-$151
Q4 16	-$79	$14
Q2 17	-$261	-$309.2K
Q4 17	-$422	-$201.0K
Q2 18	-$492	-$1.4K
Q4 18	-$375	-$44.1K
Q2 19	-$979	-$5.6K
Q2 22	-$6M	-$21M
Q4 22	-$4M	-$13M
Q2 25	-$4.0K	-$13.8K
Q2 26	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q4 13	$190
Q2 14	$163
Q4 14	$161
Q2 15	$126
Q4 15	$109
Q2 16	$85
Q4 16	$93
Q2 17	$308.9K
Q4 17	$200.6K
Q2 18	$914
Q4 18	$43.7K
Q2 19	$4.6K
Q2 22	$15M
Q4 22	$8M
Q2 25	$9.8K
Q2 26	$9.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 15	-91.9%	-59.7%
Q2 16	-100.0%	+1286.1%
Q4 16	-96.7%	-83.7%
Q2 17	-100.0%	+229.5%
Q4 17	-100.0%	+780.4%
Q2 18	—	-57.5%
Q4 18	-100.0%	+144.7%
Q2 19	—	+197.0%
Q2 22	—	+264379.3%
Q4 22	—	+729950.9%
Q2 25	—	+275.1%
Q2 26	—	+338411.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 13	$0	0.0%
Q2 14	$0	0.0%
Q4 14	$49	163.3%
Q2 15	$0	0.0%
Q4 15	$2	66.7%
Q2 16	$0	—
Q4 16	$84	8400.0%
Q2 17	$0	—
Q4 17	$2.2K	—
Q2 18	$107	—
Q4 18	$0	—
Q2 19	$15	—
Q2 22	$241	—
Q4 22	$487	—
Q2 25	$1.8K	—
Q2 26	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 13	$223	$26.2K	—
Q2 14	$90	$48	—
Q4 14	$94	$79	—
Q2 15	$65	$66	—
Q4 15	$27	—	—
Q2 16	$159	$5.3K	—
Q4 16	$132	—	—
Q2 17	$226	$103	—
Q4 17	$3.2K	$57.7K	—
Q2 18	$632	$170.7K	—
Q4 18	$632	—	—
Q2 19	—	—	$343
Q2 22	—	—	$6M
Q4 22	—	—	$6M
Q2 25	—	—	$3.4K
Q2 26	—	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$59M	$0	$59M
Q2 19	$49M	$0	$49M
Q4 19	$34M	$0	$34M
Q2 20	$42M	$0	$42M
Q4 20	$26M	$0	$26M
Q2 21	$15M	$0	$15M
Q4 21	$62M	$0	$62M
Q2 22	$108M	$0	$108M
Q4 22	$94M	$0	$94M
Q2 23	$69M	$0	$69M
Q4 23	$53M	$0	$53M
Q2 24	$28M	$0	$28M
Q4 24	$36M	$0	$36M
Q2 25	$22M	$0	$22M
Q4 25	$25M	$0	$25M
Q2 26	$18M	$0	$18M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 13	4M	—	—
Q2 14	7M	+99.0%	—
Q4 14	11M	+55.2%	—
Q2 15	11M	0.0%	—
Q4 15	11M	0.0%	+208.9%
Q2 16	15M	+35.6%	+110.5%
Q4 16	23M	+52.5%	+106.8%
Q2 17	26M	+16.4%	+140.6%
Q4 17	27M	+0.6%	+141.9%
Q2 18	28M	+5.7%	+88.7%
Q4 18	41M	+44.7%	+79.0%
Q2 19	37M	-9.7%	+39.0%
Q2 22	49M	+33.1%	+83.9%
Q4 22	52M	+6.3%	+85.0%
Q2 25	59M	+13.4%	+45.0%
Q2 26	60M	+2.3%	+64.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 13	—	—
Q2 14	—	—
Q4 14	—	—
Q2 15	—	—
Q4 15	—	—
Q2 16	—	—
Q4 16	—	—
Q2 17	—	—
Q4 17	—	—
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q2 22	—	—
Q4 22	$0	24
Q2 25	$0	29
Q2 26	$0	23

Revenue / Employee