ioneer Limited Sponsored ADR (IONR) AI Stock Analysis

• Market Cap: $376.21M
• Dividend Yield: N/A
• Average Volume (3M): 94.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: -10.45%
• Country: US
• Employees: 29
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.08
• Shares Outstanding: 66,865,850
• 10 Day Avg. Volume: 67,567
• 30 Day Avg. Volume: 94,220
• PEG Ratio: 6.54
• Price to Book (P/B): 0.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.89
• Enterprise Value/Market Cap: 0.34
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -467.46
• Enterprise Value/Ebitda: -25.36K
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.05
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $5.00 ▲(4.38% Upside)

The score is held back primarily by the development-stage financial profile (no revenue and persistent cash burn), partially offset by a strong, low-leverage balance sheet and improved 2025 cash flow versus 2024. Technicals add support due to a clear uptrend, while valuation remains weaker given negative earnings and no dividend yield data.

Positive Factors

Balance Sheet Strength

A strong balance sheet with low leverage provides financial stability and flexibility, crucial for funding ongoing development and future operations.

Improved Cash Flow Outlook

Improvement in free cash flow indicates better financial management and potential for reduced reliance on external funding in the future.

Strategic Industry Position

Positioning in the rare earth minerals sector aligns with global trends to secure supply chains, offering long-term growth opportunities.

Negative Factors

Pre-Revenue Status

Being pre-revenue limits financial flexibility and increases dependency on external funding, posing a risk to long-term sustainability.

Ongoing Cash Burn

Persistent cash burn without revenue generation can strain resources and delay project timelines, impacting long-term viability.

Negative Profitability

Negative profitability reflects challenges in achieving operational efficiency and poses a risk to future financial health.

ioneer Limited Sponsored ADR Business Overview & Revenue Model

Company Description

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 and changed its name to ioneer Ltd in November 2018. ioneer Ltd was incorporated in 2001 and is based in North Sydney, Australia.

How the Company Makes Money

ioneer Limited makes money through its mining operations, focusing on the extraction and sale of lithium and boron. The company's primary revenue stream is expected to come from the production and sale of these minerals once the Rhyolite Ridge project is fully operational. Additionally, the company benefits from strategic partnerships and off-take agreements with key players in the battery manufacturing and materials industries, which provide both financial support and guaranteed markets for its products. These partnerships are crucial for securing future revenues and enhancing the company's market position in the rapidly growing electric vehicle and renewable energy sectors.

ioneer Limited Sponsored ADR Financial Statement Overview

Summary

ioneer Limited shows significant financial challenges, primarily due to zero revenue and ongoing losses. The strong equity position and low leverage offer some financial stability, but the lack of income generation is a critical concern for future sustainability.

Income Statement

The company has reported no revenue over the past years, indicating no operational income generation. The consistent net losses show a lack of profitability, with no signs of revenue growth or improvement in profit margins.

Balance Sheet

The company has a strong equity base with low debt, indicated by a low debt-to-equity ratio. However, the lack of revenue generation and continuous losses pose a risk to financial stability in the long term.

Cash Flow

The cash flow statements reveal negative operating cash flow consistently, indicating operational challenges. Despite the negative free cash flow, the company has managed to maintain liquidity through financing activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-276.54K	-276.53K	-261.00K	-51.77K	-174.00K	-43.26K
EBITDA	-5.10K	-10.04K	-7.58M	-9.64M	-11.80M	-7.67M
Net Income	-9.55K	-9.55K	-7.85M	-6.36M	-9.13M	-7.70M
Balance Sheet
Total Assets	233.54M	233.54M	224.47M	206.32M	213.25M	149.06M
Cash, Cash Equivalents and Short-Term Investments	25.06M	25.06M	35.72M	52.71M	94.18M	62.42M
Total Debt	373.00K	373.00K	1.28M	212.00K	255.00K	247.94K
Total Liabilities	3.24M	3.24M	6.25M	8.92M	9.55M	5.51M
Stockholders Equity	230.30M	230.30M	218.22M	197.40M	203.70M	143.55M
Cash Flow
Free Cash Flow	-6.80M	-6.80M	-43.84M	-8.67M	-34.38M	-4.85M
Operating Cash Flow	-6.80M	-6.80M	-5.97M	-8.07M	-9.35M	-4.85M
Investing Cash Flow	-13.83M	-13.83M	-35.38M	-32.47M	-28.39M	-17.67M
Financing Cash Flow	10.20M	10.20M	25.49M	-225.00K	75.39M	58.69M

ioneer Limited Sponsored ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IONR, the sentiment is Positive. The current price of 4.79 is below the 20-day moving average (MA) of 4.88, above the 50-day MA of 4.64, and above the 200-day MA of 3.93, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 85.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IONR.

ioneer Limited Sponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IONR	58 Neutral	$376.21M	-35.50	-4.25%	―	―	-10.45%
ABAT	53 Neutral	$588.76M	-8.90	-58.41%	―	821.40%	44.70%
NB	50 Neutral	$768.68M	-7.68	-71.07%	―	―	―
USGO	45 Neutral	$123.44M	-17.43	-144.93%	―	―	37.18%
LZM	44 Neutral	$428.14M	―	―	―	―	―