Intrepid Potash (IPI) Q1 FY2025 earnings: revenue $95 million

Intrepid Potash, Inc. (IPI) reported revenue of $95 million for Q1 FY2025, the quarter ended 31 March 2025. Net income was $5 million, and diluted earnings per share $0.35. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.

Revenue$95 million

Net income$5 million

Diluted EPS$0.35

QuarterQ1 FY2025ended 31 March 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q3 FY2018	A year earlier	Change on the year
Revenue	94.5	36.5	n/a	n/a
Gross profit	13.3	9.0	n/a	n/a
Gross margin	14.1%	24.5%	n/a
Selling, general and administrative	9.2	5.1	n/a	n/a
Operating income	3.7	4.2	n/a	n/a
Operating margin	3.9%	11.6%	n/a
Interest expense	0.1	0.9	n/a	n/a
Pre-tax income	3.5	3.4	n/a	n/a
Income tax	0.1	0.0	n/a	n/a
Effective tax rate	2.2%	1.4%	n/a
Net income	4.6	3.4	n/a	n/a
Net margin	4.9%	9.2%	n/a
Diluted EPS	$0.35	$0.03	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q1 FY2025	Q3 FY2018	A year earlier	Change on the year
Operating cash flow	10.9	14.8	n/a	n/a
Capital expenditure	7.7	3.8	n/a	n/a
Free cash flow	3.3	11.0	n/a	n/a
Free cash flow margin	3.4%	30.1%	n/a
Cash from investing	-5.7	-3.8	n/a	n/a
Cash from financing	-0.9	0.0	n/a	n/a
Depreciation and amortisation	9.9	7.8	n/a	n/a
Share-based compensation	1.1	1.3	n/a	n/a
Diluted shares, weighted	13m	131m	n/a	n/a
Shares outstanding at period end	13m	128m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q3 FY2018	A year earlier	Change on the year
Shareholders' equity	479	410	n/a	n/a
Debt	0.0	59.5	n/a	n/a
Operating lease liabilities	2.2	n/a	n/a	n/a
Finance lease liabilities	1.6	n/a	n/a	n/a
Other liabilities	118	56.7	n/a	n/a
Total liabilities and equity	601	526	n/a	n/a
Fixed assets	341	350	n/a	n/a
Intangible assets	4.7	n/a	n/a	n/a
Investments	3.1	n/a	n/a	n/a
Cash and equivalents	45.7	37.2	n/a	n/a
Receivables	47.8	18.3	n/a	n/a
Inventory	98.1	77.4	n/a	n/a
Other assets	60.6	42.7	n/a	n/a
Total assets	601	526	n/a	n/a

Questions

What was Intrepid Potash's revenue in Q1 FY2025?

Intrepid Potash (IPI) reported revenue of $95 million for Q1 FY2025, the quarter ended 31 March 2025.

How much did Intrepid Potash earn in Q1 FY2025?

Net income for Q1 FY2025 was $5 million, and diluted earnings per share $0.35.

When did Intrepid Potash report Q1 FY2025 results?

Intrepid Potash filed its 10-Q for the quarter ended 31 March 2025 with the SEC on 7 May 2026.

Quarterly results, the last 6 quarters

	Q3 FY2017 †	Q3 FY2018 †	Q1 FY2025 †	Q2 FY2025 †	Q1 FY2026	Q2 FY2026
Revenue	34.0	36.5	94.5	67.5	98.7	66.7
Cost of revenue	19.4	n/a	n/a	n/a	n/a	n/a
Gross profit	6.1	9.0	13.3	12.4	17.7	16.6
Gross margin	18%	25%	14%	18%	18%	25%
SG&A	4.6	5.1	9.2	8.9	11.3	10.0
Operating income	-0.2	4.2	3.7	1.4	6.2	1.1
Operating margin	-1%	12%	4%	2%	6%	2%
Interest expense	2.0	0.9	0.1	0.1	0.0	0.0
Pre-tax income	-2.0	3.4	3.5	1.4	6.9	2.5
Tax rate	n/a	1%	2%	2%	1%	2%
Net income	-1.9	3.4	4.6	3.3	7.4	15.6
Net margin	-6%	9%	5%	5%	8%	23%
Diluted EPS	-$0.02	$0.03	$0.35	$0.25	$0.56	$1.17
Operating cash flow	2.5	14.8	10.9	39.9	23.2	34.4
Capital expenditure	2.7	3.8	7.7	4.1	5.1	8.5
Free cash flow	-0.1	11.0	3.3	35.8	18.0	25.9
Shares outstanding	127m	128m	13m	13m	13m	13m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

10-Q for the period ended 31 March 2025, filed 7 May 2026: the filing.