Intrepid Potash, Inc. (IPI) Financial Statements
Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
In fiscal 2025, Intrepid Potash reported revenue of $298.3M, up 2093.3% from $13.6M the year before. Net income was $11.2M (a 3.7% net margin), or $0.85 per diluted share. Gross margin was 18.4% and operating margin was 3.6%. Operating activities generated $55.8M of cash, leaving $25.5M of free cash flow. At fiscal year end, Intrepid Potash held $632.2M in total assets against $140.8M in total liabilities, including $83.5M of cash and equivalents.
Open the full interactive Intrepid Potash financials → Quarterly statements, key ratios, valuation history and price charts.
Intrepid Potash Key Stats
| Share Price | $33.05 |
|---|---|
| Market Cap | $438.6M |
| P/E Ratio | 38.9 |
| 52-Week Range | $23.94 – $48.84 |
| Shares Outstanding | 13.2 million (basic, 2026 Q2) |
Intrepid Potash Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $20.4M | $22.0M | $22.4M | $15.2M | $13.6M | $298.3M |
| Gross Profit | $10.5M | $55.8M | $141.4M | $36.8M | $29.1M | $54.8M |
| Operating Income | -$23.2M | $32.3M | $95.4M | -$44.0M | -$19.9M | $10.7M |
| Pre-Tax Income | -$27.1M | $41.0M | $96.5M | -$44.1M | -$18.5M | $11.7M |
| Income Tax | $5,000 | -$208.9M | $24.3M | -$8.4M | $194.3M | $544,000 |
| Net Income | -$27.2M | $249.8M | $72.2M | -$35.7M | -$212.8M | $11.2M |
| Diluted EPS | -$2.09 | $18.66 | $5.37 | -$2.80 | -$16.53 | $0.85 |
Intrepid Potash Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $558,000 | $295.7M | $98.7M | $66.7M |
| Net Income | $3.7M | -$429,000 | $7.4M | $15.6M |
| Diluted EPS | $0.28 | -$0.03 | $0.56 | $1.17 |
Intrepid Potash Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $19.5M | $36.5M | $18.5M | $4.1M | $41.3M | $83.5M |
| Current Assets | $135.8M | $156.8M | $171.7M | $151.9M | $183.8M | $235.1M |
| Total Assets | $550.2M | $766.9M | $794.2M | $768.5M | $594.5M | $632.2M |
| Current Liabilities | $67.2M | $73.4M | $48.9M | $46.5M | $38.0M | $53.7M |
| Total Long-Term Debt | $54.7M | — | — | $4.0M | — | — |
| Total Liabilities | $138.9M | $103.5M | $79.1M | $84.0M | $120.1M | $140.8M |
| Shareholders' Equity | $411.3M | $663.4M | $715.1M | $684.4M | $474.4M | $491.4M |
Intrepid Potash Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $31.1M | $79.1M | $88.8M | $43.2M | $72.5M | $55.8M |
| Cash From Investing | -$15.2M | -$14.8M | -$79.2M | -$59.6M | -$29.5M | -$13.3M |
| Cash From Financing | -$17.0M | -$47.3M | -$27.7M | $1.9M | -$5.7M | -$276,000 |
| Free Cash Flow | $14.7M | $59.3M | $20.1M | -$21.8M | $33.8M | $25.5M |
Figures from Intrepid Potash's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Intrepid Potash financials page for every line item.
Intrepid Potash Company Profile
| Ticker | IPI |
|---|---|
| Exchange | NYSE |
| Industry | Mining & Quarrying of Nonmetallic Minerals (No Fuels) |
| Headquarters | Denver, Colorado |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001421461 |
Frequently Asked Questions
What was Intrepid Potash's revenue in fiscal 2025?
Intrepid Potash (IPI) reported revenue of $298.3M for fiscal 2025.
What is Intrepid Potash's annual revenue history?
Intrepid Potash's annual revenue by fiscal year: 2020: $20.4M; 2021: $22.0M; 2022: $22.4M; 2023: $15.2M; 2024: $13.6M; 2025: $298.3M.
What was Intrepid Potash's net income in fiscal 2025?
Intrepid Potash reported net income of $11.2M for fiscal 2025.
What was Intrepid Potash's earnings per share (EPS) in fiscal 2025?
Intrepid Potash's diluted EPS was $0.85 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Intrepid Potash generate in fiscal 2025?
Intrepid Potash generated $25.5M of free cash flow in fiscal 2025.
What was Intrepid Potash's revenue last quarter?
In its most recent reported quarter (2026 Q2), Intrepid Potash reported revenue of $66.7M.
How many shares of Intrepid Potash are outstanding?
Intrepid Potash reported a weighted average of 13.2 million basic shares outstanding in 2026 Q2.
What is Intrepid Potash's market cap?
Based on its latest closing price, Intrepid Potash (IPI) has a market capitalization of about $438.6M.
When does Intrepid Potash's fiscal year end?
Intrepid Potash's fiscal year end, as registered with the SEC, is December 31.
Where is Intrepid Potash headquartered?
Intrepid Potash lists its business address in Denver, Colorado in its SEC filings.
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