What is Intrepid Potash's operating income?

Intrepid Potash's total operating income in 2025 was $10.67 million, based on the following breakdown: Total Gross Profit: $54.82 million Total Operating Expenses: $44.15 million

Intrepid Potash (IPI) Financials

$34.16 +0.21 (+0.60%)

As of 12:48 PM Eastern

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Annual Income Statements for Intrepid Potash

This table shows Intrepid Potash's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-525	-64	-23	12	14	-27	250	72	-36	-213	11
Consolidated Net Income / (Loss)	-525	152	-23	12	14	-27	250	72	-36	-213	11
Net Income / (Loss) Continuing Operations	-525	152	-23	12	14	-27	250	72	-36	-213	11
Total Pre-Tax Income	-375	-66	-25	12	14	-27	41	97	-44	-19	12
Total Operating Income	-370	-55	-14	15	16	-23	32	95	-44	-20	11
Total Gross Profit	-15	-27	12	38	43	11	56	141	37	29	55
Total Revenue	287	635	178	208	220	197	270	338	279	255	298
Operating Revenue	287	635	178	208	220	197	270	338	279	255	298
Total Cost of Revenue	303	446	166	170	177	186	215	196	242	226	244
Operating Cost of Revenue	303	446	166	170	177	186	215	196	242	226	244
Total Operating Expenses	354	29	26	23	27	34	23	46	81	49	44
Selling, General & Admin Expense	27	20	19	20	24	25	24	32	32	33	37
Other Operating Expenses / (Income)	3.03	2.71	6.77	2.43	3.22	2.47	2.04	6.70	0.81	-2.73	-2.21
Impairment Charge	324	-	-	-	-	-	0.00	0.00	43	11	1.87
Other Special Charges / (Income)	-	-	-	-0.09	0.35	5.83	-2.54	7.47	4.29	7.99	7.79
Total Other Income / (Expense), net	-5.01	-10	-11	-3.60	-2.68	-3.91	8.69	1.07	-0.09	1.35	1.06
Interest Expense	6.35	12	12	3.86	3.03	4.29	-8.65	0.10	0.00	0.11	0.23
Interest & Investment Income	0.76	0.29	-	0.00	0.00	0.00	0.00	0.87	-0.19	1.41	2.06
Other Income / (Expense), net	0.58	1.12	0.40	0.25	0.36	0.38	0.05	0.31	0.10	0.05	-0.76
Income Tax Expense	150	-1.36	-2.78	0.11	0.05	0.01	-209	24	-8.39	194	0.54
Basic Earnings per Share	($6.94)	($0.85)	($0.20)	$0.92	$1.06	($2.09)	$19.07	$5.49	($2.80)	($16.53)	$0.86
Weighted Average Basic Shares Outstanding	75.67M	75.82M	115.71M	12.81M	12.90M	12.99M	13.10M	13.15M	12.76M	12.88M	13.01M
Diluted Earnings per Share	($6.94)	($0.85)	($0.20)	$0.90	$1.04	($2.09)	$18.66	$5.37	($2.80)	($16.53)	$0.85
Weighted Average Diluted Shares Outstanding	75.67M	75.82M	115.71M	13.10M	13.11M	12.99M	13.39M	13.45M	12.76M	12.88M	13.17M
Weighted Average Basic & Diluted Shares Outstanding	75.67M	75.82M	115.71M	130.84M	131.69M	13.41M	13.53M	12.97M	13.14M	13.23M	13.41M

This table shows Intrepid Potash's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-7.20	-37	-3.13	-0.83	-1.83	-207	4.61	3.26	3.75	-0.43	7.42
Consolidated Net Income / (Loss)	-7.20	-37	-3.13	-0.83	-1.83	-207	4.61	3.26	3.75	-0.43	7.42
Net Income / (Loss) Continuing Operations	-7.20	-37	-3.13	-0.83	-1.83	-207	3.43	3.26	3.75	-0.43	6.88
Total Pre-Tax Income	-9.11	-48	-3.91	-1.14	-1.84	-12	3.51	3.29	4.01	-0.38	6.94
Total Operating Income	-9.17	-47	-4.31	-1.63	-2.22	-12	3.70	3.29	3.33	-0.96	6.23
Total Gross Profit	0.49	4.62	6.43	7.62	7.73	7.29	13	14	11	15	18
Total Revenue	54	57	79	62	58	56	95	71	53	76	99
Operating Revenue	54	57	79	62	58	56	95	71	53	76	99
Total Cost of Revenue	54	52	73	54	50	49	81	57	43	61	81
Operating Cost of Revenue	54	52	73	54	50	49	81	57	43	61	81
Total Operating Expenses	9.66	52	11	9.25	9.96	19	9.62	11	7.24	16	11
Selling, General & Admin Expense	9.06	5.09	9.62	8.82	9.69	4.83	9.75	12	9.97	5.36	12
Other Operating Expenses / (Income)	0.01	3.65	-0.51	-0.64	-0.75	5.22	-0.63	-0.56	-0.49	-0.53	-0.38
Impairment Charge	0.52	43	1.38	0.83	0.87	7.63	0.66	1.20	0.00	-	0.00
Other Special Charges / (Income)	0.06	0.56	0.25	0.24	0.13	1.33	-0.16	-1.27	-2.24	11	-0.03
Total Other Income / (Expense), net	0.05	-0.13	0.40	0.49	0.38	0.07	-0.20	-0.00	0.68	0.58	0.72
Interest Expense	-	-	0.00	0.00	0.00	-	0.11	0.07	0.04	0.03	0.00
Interest & Investment Income	0.03	-0.15	0.39	0.43	0.25	0.34	0.38	0.42	0.69	0.57	0.67
Other Income / (Expense), net	0.02	0.02	0.01	0.06	0.14	-0.16	-0.47	-0.35	0.02	0.03	0.05
Income Tax Expense	-1.92	-10	-0.78	-0.30	-0.01	195	0.08	0.03	0.26	0.05	0.06
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	1.18	-	-	-	0.54
Basic Earnings per Share	($0.56)	($2.93)	($0.24)	($0.06)	($0.14)	($16.09)	$0.36	$0.25	$0.29	($0.04)	$0.56
Weighted Average Basic Shares Outstanding	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M	12.92M	12.99M	13.03M	13.01M	13.14M
Diluted Earnings per Share	($0.56)	($2.92)	($0.24)	($0.06)	($0.14)	($16.09)	$0.35	$0.25	$0.28	($0.03)	$0.56
Weighted Average Diluted Shares Outstanding	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M	13.09M	13.17M	13.19M	13.17M	13.29M
Weighted Average Basic & Diluted Shares Outstanding	13.16M	13.14M	13.27M	13.28M	13.16M	13.23M	13.32M	13.32M	13.43M	13.41M	13.43M

This table details how cash moves in and out of Intrepid Potash's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-58	-1.31	-6.92	32	-12	-1.06	17	-18	-14	37	42
Net Cash From Operating Activities	23	-15	17	64	49	31	79	89	43	72	56
Net Cash From Continuing Operating Activities	23	-15	17	64	49	31	79	89	43	72	56
Net Income / (Loss) Continuing Operations	-525	-64	-23	12	14	-27	250	72	-36	-213	11
Consolidated Net Income / (Loss)	-525	-64	-23	12	14	-27	250	72	-36	-213	11
Depreciation Expense	88	41	33	32	34	36	36	35	39	37	40
Amortization Expense	0.35	2.11	1.78	0.73	0.52	0.75	0.64	0.59	0.62	0.63	0.63
Non-Cash Adjustments To Reconcile Net Income	365	27	15	7.57	6.18	5.78	-5.68	17	61	25	17
Changes in Operating Assets and Liabilities, net	94	-20	-11	12	-5.07	16	-201	-35	-22	222	-13
Net Cash From Investing Activities	-80	33	-7.85	-17	-81	-15	-15	-79	-60	-30	-13
Net Cash From Continuing Investing Activities	-80	33	-7.85	-17	-81	-15	-15	-79	-60	-30	-13
Purchase of Property, Plant & Equipment	-46	-18	-14	-17	-64	-20	-21	-82	-66	-39	-30
Acquisitions	-	-	-	0.00	-17	0.00	0.00	0.00	0.00	-0.20	0.00
Sale of Property, Plant & Equipment	-	-	5.65	0.11	0.07	4.79	6.04	0.06	0.13	4.84	5.84
Sale and/or Maturity of Investments	45	61	-	0.00	0.00	0.00	0.00	2.51	6.00	3.00	1.00
Other Investing Activities, net	-	-	-	-	-	-	0.00	0.00	0.80	1.54	10
Net Cash From Financing Activities	-1.40	-19	-16	-15	19	-17	-47	-28	1.89	-5.72	-0.28
Net Cash From Continuing Financing Activities	-1.40	-19	-16	-15	19	-17	-47	-28	1.89	-5.72	-0.28
Repayment of Debt	-0.36	-19	-96	-28	-11	-37	-45	-1.01	-5.00	-4.00	0.00
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-22	0.00	0.00	0.00
Issuance of Debt	-	-	22	14	30	20	0.00	0.00	9.00	0.00	0.00
Other Financing Activities, net	-1.04	-0.17	-0.66	-0.79	-0.52	-0.14	-1.96	-4.69	-2.11	-1.72	-0.28
Cash Interest Paid	6.08	8.97	12	3.47	2.73	2.47	0.88	0.11	0.41	0.50	0.46
Cash Income Taxes Paid	0.01	-0.10	-1.50	-3.47	0.94	0.10	0.19	1.02	0.18	0.01	0.49

This table details how cash moves in and out of Intrepid Potash's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-14	1.28	30	18	-14	3.28	4.36	39	-7.84	6.33	16
Net Cash From Operating Activities	-0.32	4.60	42	28	-4.34	7.56	11	40	-3.99	8.91	23
Net Cash From Continuing Operating Activities	-0.32	4.60	42	28	-4.34	7.56	6.77	40	-3.99	8.91	21
Net Income / (Loss) Continuing Operations	-7.20	-37	-3.13	-0.83	-1.83	-207	3.43	3.26	3.75	-0.43	6.88
Consolidated Net Income / (Loss)	-7.20	-37	-3.13	-0.83	-1.83	-207	4.61	3.26	3.75	-0.43	7.42
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	1.18	-	-	-	0.54
Depreciation Expense	10	11	9.30	8.59	9.03	10	9.85	9.57	9.43	11	9.95
Amortization Expense	0.16	0.16	0.16	0.16	0.16	0.16	0.08	0.16	0.16	0.16	0.11
Non-Cash Adjustments To Reconcile Net Income	6.35	49	3.98	4.82	2.84	14	4.20	4.91	0.58	6.89	2.10
Changes in Operating Assets and Liabilities, net	-9.76	-18	31	15	-15	190	-11	22	-18	-8.47	2.29
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	4.15	-	-	-	1.83
Net Cash From Investing Activities	-16	-4.95	-6.58	-9.83	-9.10	-4.02	-5.67	-0.13	-5.39	-2.08	-5.15
Net Cash From Continuing Investing Activities	-16	-4.95	-6.58	-9.83	-9.10	-4.02	-7.16	-0.13	-5.39	-2.08	-5.12
Purchase of Property, Plant & Equipment	-17	-6.58	-12	-11	-9.61	-6.12	-7.66	-4.14	-7.75	-10	-5.13
Sale of Property, Plant & Equipment	0.04	-	4.60	0.06	0.01	0.18	0.00	1.38	2.36	0.00	0.01
Sale and/or Maturity of Investments	0.50	1.50	0.50	1.00	0.50	1.00	0.50	0.50	-	-	0.00
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	1.50	-	-	-	-0.03
Net Cash From Financing Activities	1.81	1.63	-4.96	-0.32	-0.18	-0.26	-0.89	-0.43	1.54	-0.49	-2.29
Net Cash From Continuing Financing Activities	1.81	1.63	-4.96	-0.32	-0.18	-0.26	-0.89	-0.43	1.54	-0.49	-2.29
Repayment of Debt	-	-	-4.00	-	-	-	0.00	-	-	-	-0.53
Other Financing Activities, net	-0.19	-0.37	-0.96	-0.32	-0.18	-0.26	-0.89	-0.43	1.54	-0.49	-1.76
Cash Interest Paid	0.11	0.12	0.19	0.10	0.10	0.12	0.11	0.11	0.10	0.14	0.17
Cash Income Taxes Paid	0.03	-0.12	-0.00	0.01	0.00	-	0.01	0.20	0.03	0.24	0.00

This table presents Intrepid Potash's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	640	541	511	525	578	550	767	794	769	595	632
Total Current Assets	196	124	111	145	145	136	157	172	152	184	292
Cash & Equivalents	9.31	4.46	1.10	33	21	20	36	19	4.07	41	84
Accounts Receivable	9.74	11	19	26	25	24	36	28	24	23	32
Inventories, net	107	94	83	82	94	89	79	115	114	113	112
Prepaid Expenses	18	13	6.09	4.33	5.52	3.23	5.14	4.86	7.20	5.27	5.31
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	59
Plant, Property, & Equipment, net	419	388	365	346	379	355	341	376	358	344	299
Total Noncurrent Assets	25	29	35	34	55	59	269	247	258	66	41
Long-Term Investments	3.80	-	-	-	-	-	4.58	9.84	6.63	3.57	0.18
Intangible Assets	-	-	-	2.31	19	19	19	19	19	19	2.31
Other Noncurrent Operating Assets	21	29	35	31	35	40	36	32	38	44	39
Total Liabilities & Shareholders' Equity	640	541	511	525	578	550	767	794	769	595	632
Total Liabilities	213	178	109	108	144	139	103	79	84	120	141
Total Current Liabilities	39	24	37	35	87	67	73	49	47	38	56
Accounts Payable	16	10	11	9.14	9.99	7.28	9.07	19	13	8.62	9.66
Accrued Expenses	15	8.69	8.07	8.72	14	13	23	16	14	9.48	10
Current Employee Benefit Liabilities	7.41	4.23	4.32	4.12	4.46	4.42	6.81	6.98	7.25	9.84	12
Other Current Liabilities	0.55	0.96	0.07	12	19	33	35	7.04	12	10	20
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	3.37
Total Noncurrent Liabilities	174	153	71	73	56	72	30	30	38	82	85
Asset Retirement Reserve & Litigation Obligation	23	20	21	23	22	24	27	27	30	32	38
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	-	0.00	45	43
Other Noncurrent Operating Liabilities	1.87	-	0.10	0.42	4.45	3.10	3.05	3.69	3.50	4.28	3.29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	427	363	402	417	435	411	663	715	684	474	491
Total Preferred & Common Equity	427	363	402	417	435	411	663	715	684	474	491
Total Common Equity	427	363	402	417	435	411	663	715	684	474	491
Common Stock	580	584	646	649	653	657	659	661	666	668	674
Retained Earnings	-154	-220	-244	-232	-218	-246	4.24	76	41	-172	-161
Treasury Stock	-	-	-	-	-	-	0.00	-22	-22	-22	-22

This table presents Intrepid Potash's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	808	801	796	793	803	797	806	601	607	617	642
Total Current Assets	198	167	154	147	188	183	190	199	212	222	304
Cash & Equivalents	49	10	17	2.79	34	52	38	46	85	77	99
Accounts Receivable	40	40	26	26	43	23	35	50	23	28	46
Inventories, net	97	107	104	108	103	102	110	98	100	111	96
Prepaid Expenses	6.56	4.43	3.74	5.55	5.53	3.83	5.78	4.37	3.40	5.26	4.54
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	58
Plant, Property, & Equipment, net	359	388	401	403	355	354	355	341	336	334	296
Total Noncurrent Assets	251	246	242	243	260	260	261	61	59	61	42
Long-Term Investments	12	11	8.61	7.93	6.30	5.09	4.70	3.10	0.32	0.24	0.18
Intangible Assets	19	19	19	19	19	19	19	19	19	19	2.31
Other Noncurrent Operating Assets	33	32	32	32	39	40	42	39	40	41	39
Total Liabilities & Shareholders' Equity	808	801	796	793	803	797	806	601	607	617	642
Total Liabilities	79	81	70	72	121	115	126	122	123	126	143
Total Current Liabilities	49	44	38	38	39	33	43	38	40	42	58
Accounts Payable	14	15	12	8.76	11	7.17	8.92	8.82	7.78	9.24	14
Accrued Expenses	23	14	14	15	13	11	15	11	11	13	12
Current Employee Benefit Liabilities	8.16	6.18	5.92	8.05	6.30	6.86	12	7.60	7.98	10	9.17
Other Current Liabilities	3.85	8.84	5.80	6.87	8.75	8.10	7.73	11	13	10	19
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	3.24
Total Noncurrent Liabilities	30	36	32	34	81	81	82	83	83	84	86
Asset Retirement Reserve & Litigation Obligation	27	27	28	28	31	31	32	33	34	34	39
Noncurrent Deferred Revenue	-	-	-	-	47	47	46	45	44	44	43
Other Noncurrent Operating Liabilities	3.12	4.35	4.31	4.00	3.29	3.37	4.44	5.39	5.21	5.44	3.68
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	728	720	726	720	682	682	681	479	484	491	498
Total Preferred & Common Equity	728	720	726	720	682	682	681	479	484	491	498
Total Common Equity	728	720	726	720	682	682	681	479	484	491	498
Common Stock	659	661	663	664	666	667	668	669	670	673	674
Retained Earnings	72	81	85	78	38	37	35	-167	-164	-160	-153
Treasury Stock	-2.88	-22	-22	-22	-22	-22	-22	-22	-22	-22	-22

This table displays calculated financial ratios and metrics derived from Intrepid Potash's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	76,164,225.00	76,595,609.00	130,771,109.00	131,106,900.00	131,970,680.00	13,294,158.00	13,443,080.00	-	-	-	13,426,932.00
DEI Adjusted Shares Outstanding	7,616,422.00	7,659,561.00	13,077,111.00	13,110,690.00	13,197,068.00	13,294,158.00	13,443,080.00	-	-	-	13,426,932.00
DEI Earnings Per Adjusted Shares Outstanding	-68.90	-8.38	-1.73	0.90	1.03	-2.04	18.58	-	-	-	0.83
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-30.02%	121.16%	-71.99%	17.06%	5.67%	-10.51%	37.26%	24.87%	-17.33%	-8.74%	17.13%
EBITDA Growth	-387.49%	96.02%	290.73%	128.29%	5.46%	-73.37%	401.58%	91.05%	-103.18%	535.59%	179.33%
EBIT Growth	-2,290.28%	85.32%	74.80%	215.29%	6.15%	-236.76%	241.38%	196.24%	-145.82%	54.84%	149.98%
NOPAT Growth	-1,916.84%	85.04%	74.59%	255.99%	6.14%	-199.84%	1,309.64%	-63.71%	-143.09%	54.84%	173.16%
Net Income Growth	-5,476.25%	128.92%	-114.87%	152.21%	15.68%	-299.21%	1,020.06%	-71.09%	-149.39%	-496.66%	105.26%
EPS Growth	-5,438.46%	87.75%	76.47%	152.21%	15.68%	-300.96%	992.82%	-71.22%	-152.14%	-490.36%	105.14%
Operating Cash Flow Growth	-82.20%	-164.97%	213.24%	284.81%	-23.13%	-36.93%	153.87%	12.34%	-51.33%	67.70%	-23.06%
Free Cash Flow Firm Growth	259.47%	-107.91%	197.05%	153.75%	-173.09%	162.02%	0.31%	-37.74%	-290.12%	1,037.81%	-62.66%
Invested Capital Growth	-49.14%	-3.91%	-5.68%	-6.61%	11.52%	-7.68%	39.39%	9.38%	-0.88%	-36.49%	-17.87%
Revenue Q/Q Growth	2.82%	131.04%	-71.67%	22.44%	30.97%	-22.74%	9.47%	-1.50%	-3.46%	-0.34%	7.21%
EBITDA Q/Q Growth	-499.41%	96.60%	88.60%	35.42%	-9.81%	-15.87%	7.46%	1.19%	-108.68%	206.64%	28.51%
EBIT Q/Q Growth	-3,094.73%	86.12%	43.12%	286.97%	-26.78%	-15.40%	18.54%	1.30%	-552.31%	64.22%	1,058.66%
NOPAT Q/Q Growth	-3,099.71%	85.83%	44.26%	-41.23%	-26.84%	-17.19%	1,078.06%	-75.31%	-652.48%	64.29%	-68.38%
Net Income Q/Q Growth	-3,314.95%	127.41%	-112.52%	279.73%	-28.94%	-11.46%	888.93%	-75.28%	-737.36%	-394.02%	105.72%
EPS Q/Q Growth	0.00%	0.00%	13.04%	279.73%	-28.94%	-11.76%	866.84%	-75.64%	-695.74%	-391.96%	105.59%
Operating Cash Flow Q/Q Growth	-65.75%	57.22%	78.61%	8.68%	0.97%	2.96%	9.69%	0.07%	-25.89%	4.25%	2.47%
Free Cash Flow Firm Q/Q Growth	2,506.43%	-108.18%	-3.70%	-17.07%	1.61%	16.94%	-64.94%	-67.63%	38.18%	594.77%	-65.94%
Invested Capital Q/Q Growth	-48.74%	-1.08%	0.68%	0.43%	-0.96%	-2.21%	50.48%	2.74%	-4.73%	-32.61%	-14.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-5.39%	-4.22%	6.68%	18.38%	19.76%	5.35%	20.63%	41.89%	13.20%	11.42%	18.37%
EBITDA Margin	-97.91%	-1.76%	11.99%	23.38%	23.33%	6.94%	25.37%	38.82%	-1.50%	7.14%	17.02%
Operating Margin	-128.76%	-8.71%	-7.90%	7.44%	7.43%	-11.80%	11.94%	28.27%	-15.75%	-7.80%	3.57%
EBIT Margin	-128.56%	-8.53%	-7.68%	7.56%	7.60%	-11.61%	11.96%	28.36%	-15.72%	-7.78%	3.32%
Profit (Net Income) Margin	-182.73%	23.89%	-12.68%	5.66%	6.19%	-13.79%	92.42%	21.39%	-12.78%	-83.57%	3.75%
Tax Burden Percent	140.01%	-231.53%	89.02%	99.09%	99.61%	100.02%	609.87%	74.83%	80.96%	1,149.77%	95.36%
Interest Burden Percent	101.51%	120.91%	185.61%	75.52%	81.87%	118.76%	126.75%	100.80%	100.43%	93.43%	118.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.91%	0.39%	0.00%	-509.87%	25.17%	0.00%	0.00%	4.64%
Return on Invested Capital (ROIC)	-34.06%	-7.71%	-2.06%	3.42%	3.55%	-3.50%	36.83%	10.96%	-4.54%	-2.52%	2.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-398.40%	169.63%	-15.36%	-5.66%	-4.60%	-29.35%	-1,791.32%	8.84%	17.72%	713.92%	1.51%
Return on Net Nonoperating Assets (RNNOA)	-42.33%	46.13%	-3.84%	-0.54%	-0.35%	-2.92%	9.67%	-0.48%	-0.56%	-34.21%	-0.29%
Return on Equity (ROE)	-76.40%	38.42%	-5.90%	2.88%	3.20%	-6.42%	46.50%	10.48%	-5.10%	-36.73%	2.32%
Cash Return on Invested Capital (CROIC)	31.08%	-3.72%	3.79%	10.25%	-7.34%	4.49%	3.92%	2.00%	-3.66%	42.12%	22.23%
Operating Return on Assets (OROA)	-40.87%	-9.18%	-2.60%	3.04%	3.03%	-4.05%	4.91%	12.27%	-5.61%	-2.91%	1.61%
Return on Assets (ROA)	-58.09%	25.70%	-4.29%	2.28%	2.47%	-4.81%	37.94%	9.25%	-4.57%	-31.23%	1.82%
Return on Common Equity (ROCE)	-76.40%	38.42%	-5.90%	2.88%	3.20%	-6.42%	46.50%	10.48%	-5.10%	-36.73%	2.32%
Return on Equity Simple (ROE_SIMPLE)	-123.03%	41.76%	-5.61%	2.82%	3.14%	-6.60%	37.66%	10.10%	-5.21%	-44.87%	0.00%
Net Operating Profit after Tax (NOPAT)	-259	-39	-9.84	15	16	-16	197	71	-31	-14	10
NOPAT Margin	-90.14%	-6.10%	-5.53%	7.37%	7.41%	-8.26%	72.81%	21.16%	-11.03%	-5.46%	3.41%
Net Nonoperating Expense Percent (NNEP)	364.34%	-177.34%	13.31%	9.07%	8.15%	25.85%	1,828.14%	2.12%	-22.26%	-716.44%	1.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.99%	-4.47%	-2.93%	2.07%
Cost of Revenue to Revenue	105.39%	70.22%	93.32%	81.62%	80.24%	94.65%	79.37%	58.11%	86.80%	88.58%	81.63%
SG&A Expenses to Revenue	9.57%	3.15%	10.63%	9.81%	10.70%	12.94%	8.88%	9.42%	11.62%	12.94%	12.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	123.38%	4.49%	14.59%	10.94%	12.32%	17.15%	8.69%	13.62%	28.96%	19.22%	14.80%
Earnings before Interest and Taxes (EBIT)	-369	-54	-14	16	17	-23	32	96	-44	-20	9.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-281	-11	21	49	51	14	69	131	-4.17	18	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.53	0.44	1.55	0.82	0.82	0.78	0.87	0.54	0.46	0.61	0.76
Price to Tangible Book Value (P/TBV)	0.53	0.44	1.55	0.82	0.86	0.82	0.89	0.56	0.47	0.63	0.76
Price to Revenue (P/Rev)	0.78	0.25	3.50	1.64	1.63	1.63	2.12	1.15	1.13	1.13	1.25
Price to Earnings (P/E)	0.00	0.00	0.00	28.93	26.24	0.00	2.30	5.39	0.00	0.00	33.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	3.46%	3.81%	0.00%	43.49%	18.55%	0.00%	0.00%	3.00%
Enterprise Value to Invested Capital (EV/IC)	0.61	0.59	1.47	0.82	0.84	0.80	0.86	0.52	0.45	0.57	0.82
Enterprise Value to Revenue (EV/Rev)	1.08	0.45	3.85	1.72	1.85	1.81	1.97	1.05	1.09	0.95	0.97
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	32.10	7.34	7.92	26.05	7.78	2.71	0.00	13.35	5.68
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	22.69	24.33	0.00	16.50	3.71	0.00	0.00	29.14
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	23.27	24.95	0.00	2.71	4.97	0.00	0.00	28.38
Enterprise Value to Operating Cash Flow (EV/OCF)	13.69	0.00	41.02	5.56	8.23	11.44	6.75	4.00	7.05	3.35	5.17
Enterprise Value to Free Cash Flow (EV/FCFF)	1.31	0.00	37.75	7.76	0.00	17.08	25.48	27.25	0.00	1.04	3.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.37	0.16	0.12	0.16	0.13	0.00	0.00	0.01	0.00	0.00
Long-Term Debt to Equity	0.35	0.37	0.12	0.12	0.07	0.11	0.00	0.00	0.01	0.00	0.00
Financial Leverage	0.11	0.27	0.25	0.10	0.08	0.10	-0.01	-0.05	-0.03	-0.05	-0.19
Leverage Ratio	1.32	1.50	1.37	1.26	1.30	1.33	1.23	1.13	1.12	1.18	1.27
Compound Leverage Factor	1.34	1.81	2.55	0.95	1.06	1.58	1.55	1.14	1.12	1.10	1.50
Debt to Total Capital	25.95%	26.86%	13.61%	10.63%	13.80%	11.75%	0.00%	0.00%	0.58%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	2.99%	0.00%	7.90%	2.15%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.95%	26.86%	10.62%	10.63%	5.90%	9.60%	0.00%	0.00%	0.58%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.05%	73.14%	86.39%	89.37%	86.20%	88.25%	100.00%	100.00%	99.42%	100.00%	100.00%
Debt to EBITDA	-0.53	-11.93	2.97	1.02	1.35	4.00	0.00	0.00	-0.96	0.00	0.00
Net Debt to EBITDA	-0.31	-11.53	2.92	0.34	0.95	2.58	0.00	0.00	2.32	0.00	0.00
Long-Term Debt to EBITDA	-0.53	-11.93	2.32	1.02	0.58	3.27	0.00	0.00	-0.96	0.00	0.00
Debt to NOPAT	-0.58	-3.45	-6.43	3.23	4.27	-3.36	0.00	0.00	-0.13	0.00	0.00
Net Debt to NOPAT	-0.33	-3.33	-6.32	1.07	3.00	-2.17	0.00	0.00	0.31	0.00	0.00
Long-Term Debt to NOPAT	-0.58	-3.45	-5.02	3.23	1.83	-2.75	0.00	0.00	-0.13	0.00	0.00
Altman Z-Score	-0.87	1.03	3.21	2.02	1.56	1.13	3.96	4.10	2.66	1.65	2.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.00	5.13	2.97	4.18	1.66	2.02	2.14	3.51	3.27	4.84	5.24
Quick Ratio	1.82	0.63	0.52	1.70	0.52	0.65	0.99	1.06	0.66	1.72	2.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	236	-19	18	46	-34	21	21	13	-25	232	87
Operating Cash Flow to CapEx	49.31%	-82.39%	212.54%	382.80%	77.44%	205.48%	533.41%	108.74%	65.15%	214.06%	228.65%
Free Cash Flow to Firm to Interest Expense	37.19	-1.61	1.55	11.94	-11.10	4.86	0.00	129.02	0.00	2,074.43	373.98
Operating Cash Flow to Interest Expense	3.57	-1.27	1.43	16.66	16.29	7.26	0.00	879.42	0.00	647.28	240.43
Operating Cash Flow Less CapEx to Interest Expense	-3.67	-2.81	0.76	12.31	-4.75	3.73	0.00	70.65	0.00	344.89	135.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	1.08	0.34	0.40	0.40	0.35	0.41	0.43	0.36	0.37	0.49
Accounts Receivable Turnover	14.99	61.73	12.11	9.40	8.67	7.98	8.90	10.56	10.93	10.89	10.78
Inventory Turnover	3.18	4.44	1.87	2.06	2.00	2.04	2.56	2.03	2.12	1.99	2.16
Fixed Asset Turnover	0.48	1.57	0.47	0.59	0.61	0.54	0.78	0.94	0.76	0.73	0.93
Accounts Payable Turnover	16.93	34.31	15.54	16.78	18.47	21.59	26.25	14.16	15.38	21.02	26.65
Days Sales Outstanding (DSO)	24.34	5.91	30.13	38.82	42.09	45.75	41.03	34.56	33.40	33.52	33.87
Days Inventory Outstanding (DIO)	114.94	82.20	195.09	177.32	182.16	179.04	142.49	180.19	172.58	183.80	168.75
Days Payable Outstanding (DPO)	21.56	10.64	23.49	21.76	19.77	16.91	13.90	25.78	23.73	17.36	13.69
Cash Conversion Cycle (CCC)	117.72	77.48	201.73	194.38	204.48	207.88	169.61	188.96	182.25	199.95	188.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	512	492	464	434	484	446	622	681	675	429	352
Invested Capital Turnover	0.38	1.26	0.37	0.46	0.48	0.42	0.51	0.52	0.41	0.46	0.76
Increase / (Decrease) in Invested Capital	-495	-20	-28	-31	50	-37	176	58	-6.00	-246	-77
Enterprise Value (EV)	311	288	685	357	407	356	533	355	305	243	289
Market Capitalization	225	159	622	341	358	321	574	389	314	289	372
Book Value per Share	$5.60	$4.74	$3.07	$3.18	$3.29	$30.94	$49.35	$53.01	$52.02	$36.04	$36.60
Tangible Book Value per Share	$5.60	$4.74	$3.07	$3.17	$3.15	$29.49	$47.92	$51.59	$50.56	$34.58	$36.43
Total Capital	576	497	465	467	504	466	663	715	688	474	491
Total Debt	149	133	63	50	70	55	0.00	0.00	4.00	0.00	0.00
Total Long-Term Debt	149	133	49	50	30	45	0.00	0.00	4.00	0.00	0.00
Net Debt	86	129	62	16	49	35	-41	-34	-9.67	-46	-84
Capital Expenditures (CapEx)	46	18	7.85	17	64	15	15	82	66	34	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	97	95	87	77	77	59	47	98	98	103	153
Debt-free Net Working Capital (DFNWC)	157	100	88	111	98	79	83	123	105	146	237
Net Working Capital (NWC)	157	100	74	111	58	69	83	123	105	146	237
Net Nonoperating Expense (NNE)	266	-190	13	3.57	2.67	11	-53	-0.80	4.89	199	-1.01
Net Nonoperating Obligations (NNO)	86	129	62	16	49	35	-41	-34	-9.67	-46	-140
Total Depreciation and Amortization (D&A)	88	43	35	33	35	37	36	35	40	38	41
Debt-free, Cash-free Net Working Capital to Revenue	33.69%	14.98%	48.79%	37.14%	35.04%	29.98%	17.38%	29.13%	35.27%	40.62%	51.29%
Debt-free Net Working Capital to Revenue	54.52%	15.69%	49.40%	53.09%	44.40%	39.89%	30.86%	36.38%	37.79%	57.23%	79.29%
Net Working Capital to Revenue	54.52%	15.69%	41.59%	53.09%	26.31%	34.82%	30.86%	36.38%	37.79%	57.23%	79.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($69.40)	($8.80)	($2.00)	$0.90	$1.10	($2.09)	$19.07	$5.49	($2.80)	($16.53)	$0.86
Adjusted Weighted Average Basic Shares Outstanding	7.57M	7.58M	13.05M	12.81M	12.90M	12.99M	13.10M	13.15M	12.76M	12.88M	13.01M
Adjusted Diluted Earnings per Share	($69.40)	($8.80)	($2.00)	$0.90	$1.00	($2.09)	$18.66	$5.37	($2.80)	($16.53)	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	7.57M	7.58M	13.05M	13.10M	13.11M	12.99M	13.39M	13.45M	12.76M	12.88M	13.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($2.00)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.62M	7.93M	11.57M	13.08M	13.17M	13.41M	13.53M	12.97M	13.14M	13.23M	13.41M
Normalized Net Operating Profit after Tax (NOPAT)	-32	-35	-9.66	15	17	-12	21	77	0.09	-5.04	19
Normalized NOPAT Margin	-11.21%	-5.46%	-5.43%	7.33%	7.56%	-6.19%	7.70%	22.81%	0.03%	-1.98%	6.50%
Pre Tax Income Margin	-130.51%	-10.32%	-14.25%	5.71%	6.22%	-13.78%	15.15%	28.59%	-15.79%	-7.27%	3.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-58.13	-4.66	-1.17	4.08	5.51	-5.33	0.00	947.97	0.00	-176.90	42.69
NOPAT to Interest Expense	-40.76	-3.33	-0.84	3.98	5.38	-3.79	0.00	707.13	0.00	-124.11	43.84
EBIT Less CapEx to Interest Expense	-65.38	-6.20	-1.84	-0.27	-15.52	-8.86	0.00	139.21	0.00	-479.29	-62.47
NOPAT Less CapEx to Interest Expense	-48.00	-4.87	-1.51	-0.37	-15.66	-7.33	0.00	-101.63	0.00	-426.50	-61.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.48%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Intrepid Potash's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	13,226,281.00	13,316,799.00	13,316,051.00	13,426,932.00	13,406,913.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	13,226,281.00	13,316,799.00	13,316,051.00	13,426,932.00	13,406,913.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.35	0.25	0.28	-0.03	0.55
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-27.14%	-15.02%	-8.78%	-23.42%	5.66%	-1.52%	19.22%	15.18%	-7.52%	35.97%	4.40%
EBITDA Growth	-95.60%	-331.96%	-65.21%	-56.07%	528.58%	96.51%	155.13%	76.27%	82.22%	884.92%	24.06%
EBIT Growth	-153.19%	-871.26%	-179.78%	-121.45%	77.18%	74.99%	175.29%	287.50%	260.76%	92.21%	93.85%
NOPAT Growth	-150.51%	-935.81%	-178.33%	-123.05%	75.75%	75.34%	220.09%	386.42%	299.96%	91.81%	70.52%
Net Income Growth	-154.90%	-1,036.41%	-169.46%	-119.35%	74.53%	-455.27%	247.16%	491.72%	304.31%	99.79%	61.05%
EPS Growth	-157.73%	-934.29%	-168.57%	-118.18%	75.00%	-451.03%	245.83%	516.67%	300.00%	99.81%	60.00%
Operating Cash Flow Growth	97.71%	-76.64%	391.56%	-9.03%	-1,244.27%	64.18%	-73.71%	43.96%	8.18%	17.82%	112.21%
Free Cash Flow Firm Growth	77.97%	50.00%	192.45%	215.41%	236.01%	974.93%	269.53%	213.40%	218.76%	-68.11%	-56.56%
Invested Capital Growth	6.89%	-0.88%	-8.64%	-10.60%	-10.22%	-36.49%	-32.64%	-36.04%	-35.01%	-17.87%	-19.98%
Revenue Q/Q Growth	-32.79%	4.04%	39.93%	-21.73%	-7.26%	-3.03%	69.39%	-26.89%	-25.54%	42.58%	30.06%
EBITDA Q/Q Growth	-93.09%	-3,329.73%	114.14%	39.24%	-1.16%	-117.92%	1,134.33%	-16.51%	2.18%	-22.80%	63.48%
EBIT Q/Q Growth	-225.11%	-418.48%	90.94%	63.52%	-33.10%	-468.28%	127.29%	-35.13%	14.12%	-127.54%	778.90%
NOPAT Q/Q Growth	-229.76%	-417.62%	90.92%	62.19%	-36.55%	-426.36%	144.19%	-31.92%	-4.67%	-121.55%	1,020.38%
Net Income Q/Q Growth	-267.15%	-418.18%	91.61%	73.39%	-120.05%	-11,195.64%	102.22%	-29.16%	14.77%	-111.46%	1,829.14%
EPS Q/Q Growth	-269.70%	-421.43%	91.78%	75.00%	-133.33%	-11,392.86%	102.18%	-28.57%	12.00%	-110.71%	1,966.67%
Operating Cash Flow Q/Q Growth	-101.06%	1,525.39%	802.09%	-33.19%	-115.65%	274.09%	44.42%	265.88%	-109.98%	323.38%	160.13%
Free Cash Flow Firm Q/Q Growth	17.35%	47.74%	310.94%	26.67%	-2.60%	236.20%	-10.91%	6.83%	-0.93%	-66.36%	21.33%
Invested Capital Q/Q Growth	1.63%	-4.73%	-5.35%	-2.45%	2.06%	-32.61%	0.39%	-7.37%	3.72%	-14.85%	-2.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.90%	8.16%	8.11%	12.29%	13.44%	13.07%	14.09%	19.99%	19.87%	20.23%	17.91%
EBITDA Margin	2.07%	-64.41%	6.51%	11.58%	12.34%	-2.28%	13.93%	17.72%	24.32%	13.17%	16.55%
Operating Margin	-16.83%	-83.73%	-5.43%	-2.62%	-3.86%	-20.97%	3.92%	4.61%	6.26%	-1.26%	6.31%
EBIT Margin	-16.79%	-83.70%	-5.42%	-2.53%	-3.63%	-21.25%	3.42%	4.11%	6.30%	-1.22%	6.36%
Profit (Net Income) Margin	-13.21%	-65.81%	-3.95%	-1.34%	-3.19%	-371.04%	4.87%	4.57%	7.04%	-0.57%	7.52%
Tax Burden Percent	78.96%	78.39%	80.15%	73.26%	99.62%	1,780.30%	131.37%	99.09%	93.41%	114.40%	106.89%
Interest Burden Percent	99.63%	100.31%	90.86%	72.51%	88.16%	98.06%	108.34%	112.01%	119.49%	40.58%	110.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.22%	0.91%	6.59%	0.00%	0.85%
Return on Invested Capital (ROIC)	-4.97%	-24.13%	-1.54%	-0.70%	-1.03%	-6.78%	1.93%	2.53%	3.10%	-0.68%	4.89%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.97%	-5.60%	-1.18%	-1.40%	-0.05%	709.35%	-0.20%	2.53%	2.06%	-0.94%	3.66%
Return on Net Nonoperating Assets (RNNOA)	0.16%	0.18%	0.05%	0.09%	0.00%	-34.00%	0.02%	-0.31%	-0.22%	0.18%	-0.76%
Return on Equity (ROE)	-4.81%	-23.96%	-1.49%	-0.61%	-1.03%	-40.77%	1.95%	2.21%	2.89%	-0.50%	4.13%
Cash Return on Invested Capital (CROIC)	-5.85%	-3.66%	3.42%	4.55%	4.98%	42.12%	37.45%	43.20%	48.56%	22.23%	25.48%
Operating Return on Assets (OROA)	-6.07%	-29.89%	-1.84%	-0.80%	-1.16%	-7.94%	1.32%	1.66%	2.47%	-0.59%	3.09%
Return on Assets (ROA)	-4.77%	-23.50%	-1.34%	-0.43%	-1.02%	-138.66%	1.87%	1.84%	2.75%	-0.28%	3.66%
Return on Common Equity (ROCE)	-4.81%	-23.96%	-1.49%	-0.61%	-1.03%	-40.77%	1.95%	2.21%	2.89%	-0.50%	4.13%
Return on Equity Simple (ROE_SIMPLE)	0.78%	0.00%	-6.35%	-7.10%	-6.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.42	-33	-3.01	-1.14	-1.56	-8.19	3.62	3.26	3.11	-0.67	6.17
NOPAT Margin	-11.78%	-58.61%	-3.80%	-1.84%	-2.70%	-14.68%	3.83%	4.57%	5.85%	-0.88%	6.25%
Net Nonoperating Expense Percent (NNEP)	-2.00%	-18.54%	-0.36%	0.69%	-0.97%	-716.13%	2.13%	0.00%	1.04%	0.26%	1.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.82%	-	-	-	-1.73%	0.76%	0.67%	0.63%	-0.14%	1.24%
Cost of Revenue to Revenue	99.10%	91.84%	91.89%	87.71%	86.56%	86.93%	85.91%	80.01%	80.13%	79.77%	82.09%
SG&A Expenses to Revenue	16.64%	8.98%	12.14%	14.22%	16.84%	8.65%	10.32%	16.27%	18.73%	7.06%	12.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.73%	91.89%	13.55%	14.91%	17.30%	34.04%	10.18%	15.38%	13.61%	21.50%	11.60%
Earnings before Interest and Taxes (EBIT)	-9.15	-47	-4.30	-1.57	-2.09	-12	3.24	2.94	3.36	-0.92	6.27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.13	-36	5.16	7.19	7.10	-1.27	13	13	13	9.99	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.46	0.46	0.40	0.46	0.47	0.61	0.81	0.98	0.83	0.76	1.15
Price to Tangible Book Value (P/TBV)	0.47	0.47	0.41	0.47	0.48	0.63	0.84	1.02	0.86	0.76	1.16
Price to Revenue (P/Rev)	1.15	1.13	1.01	1.23	1.25	1.13	1.44	1.68	1.46	1.25	1.90
Price to Earnings (P/E)	59.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33.29	40.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.00%	2.44%
Enterprise Value to Invested Capital (EV/IC)	0.45	0.45	0.36	0.40	0.43	0.57	0.79	0.98	0.80	0.82	1.38
Enterprise Value to Revenue (EV/Rev)	1.10	1.09	0.85	1.00	1.07	0.95	1.26	1.38	1.19	0.97	1.57
Enterprise Value to EBITDA (EV/EBITDA)	6.64	0.00	0.00	0.00	0.00	13.35	12.96	11.60	8.35	5.68	8.79
Enterprise Value to EBIT (EV/EBIT)	32.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	29.14	36.63
Enterprise Value to NOPAT (EV/NOPAT)	57.26	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.25	28.38	37.23
Enterprise Value to Operating Cash Flow (EV/OCF)	5.47	7.05	3.02	3.42	3.94	3.35	8.11	7.22	6.06	5.17	6.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	10.10	8.37	8.19	1.04	1.70	1.77	1.29	3.33	4.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.05	-0.03	-0.05	-0.06	-0.04	-0.05	-0.08	-0.12	-0.10	-0.19	-0.21
Leverage Ratio	1.10	1.12	1.14	1.13	1.14	1.18	1.21	1.20	1.21	1.27	1.27
Compound Leverage Factor	1.10	1.12	1.04	0.82	1.01	1.15	1.31	1.35	1.45	0.52	1.41
Debt to Total Capital	0.28%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.28%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.72%	99.42%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.04	-0.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.25	2.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.04	-0.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.36	-0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-2.19	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.36	-0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.37	2.64	1.97	2.23	2.11	1.69	2.31	2.76	2.40	2.15	3.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.84	3.27	4.77	5.48	4.41	4.84	5.17	5.28	5.24	5.24	5.26
Quick Ratio	0.86	0.66	2.03	2.32	1.73	1.72	2.51	2.70	2.50	2.07	2.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-52	-27	57	73	71	238	212	228	226	76	92
Operating Cash Flow to CapEx	-1.96%	70.01%	586.86%	246.72%	-45.21%	127.26%	142.45%	1,447.73%	-74.01%	88.34%	452.13%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	2,019.81	3,451.95	6,269.55	3,036.94	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	103.97	605.20	-110.75	356.24	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	30.98	563.39	-260.39	-47.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.36	0.34	0.32	0.32	0.37	0.38	0.40	0.39	0.49	0.49
Accounts Receivable Turnover	8.66	10.93	6.53	10.35	8.33	10.89	5.79	12.21	8.82	10.78	6.26
Inventory Turnover	2.25	2.12	2.33	2.27	2.10	1.99	2.33	2.36	2.10	2.16	2.51
Fixed Asset Turnover	0.76	0.76	0.73	0.67	0.67	0.73	0.78	0.82	0.81	0.93	0.95
Accounts Payable Turnover	20.22	15.38	18.89	24.19	25.93	21.02	23.57	31.93	25.50	26.65	21.37
Days Sales Outstanding (DSO)	42.17	33.40	55.86	35.28	43.80	33.52	63.08	29.89	41.38	33.87	58.34
Days Inventory Outstanding (DIO)	162.02	172.58	156.53	161.06	173.58	183.80	156.52	154.56	173.78	168.75	145.35
Days Payable Outstanding (DPO)	18.05	23.73	19.32	15.09	14.08	17.36	15.49	11.43	14.31	13.69	17.08
Cash Conversion Cycle (CCC)	186.14	182.25	193.07	181.25	203.30	199.95	204.12	173.01	200.84	188.92	186.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	708	675	639	623	636	429	430	398	413	352	344
Invested Capital Turnover	0.42	0.41	0.41	0.38	0.38	0.46	0.51	0.55	0.53	0.76	0.78
Increase / (Decrease) in Invested Capital	46	-6.00	-60	-74	-72	-246	-208	-225	-223	-77	-86
Enterprise Value (EV)	319	305	231	252	274	243	339	390	330	289	474
Market Capitalization	331	314	274	311	319	289	389	476	407	372	573
Book Value per Share	$54.73	$52.02	$51.90	$51.42	$51.24	$36.04	$36.25	$36.33	$36.85	$36.60	$37.16
Tangible Book Value per Share	$53.28	$50.56	$50.44	$49.97	$49.80	$34.58	$34.80	$34.89	$35.41	$36.43	$36.99
Total Capital	722	688	682	682	681	474	479	484	491	491	498
Total Debt	2.00	4.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	2.00	4.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-12	-9.67	-43	-59	-45	-46	-49	-85	-77	-84	-99
Capital Expenditures (CapEx)	17	6.58	7.08	11	9.60	5.94	7.66	2.76	5.39	10	5.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	102	98	112	96	107	103	114	87	102	153	147
Debt-free Net Working Capital (DFNWC)	108	105	149	150	147	146	160	172	179	237	246
Net Working Capital (NWC)	108	105	149	150	147	146	160	172	179	237	246
Net Nonoperating Expense (NNE)	0.78	4.08	0.12	-0.31	0.28	199	-0.99	0.00	-0.63	-0.24	-1.25
Net Nonoperating Obligations (NNO)	-12	-9.67	-43	-59	-45	-46	-49	-85	-77	-140	-154
Total Depreciation and Amortization (D&A)	10	11	9.46	8.75	9.19	11	9.93	9.73	9.59	11	10
Debt-free, Cash-free Net Working Capital to Revenue	35.34%	35.27%	41.13%	37.87%	41.89%	40.62%	42.33%	30.61%	36.69%	51.29%	48.47%
Debt-free Net Working Capital to Revenue	37.50%	37.79%	54.78%	59.31%	57.55%	57.23%	59.43%	60.71%	64.43%	79.29%	81.29%
Net Working Capital to Revenue	37.50%	37.79%	54.78%	59.31%	57.55%	57.23%	59.43%	60.71%	64.43%	79.29%	81.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.56)	($2.93)	($0.24)	($0.06)	($0.14)	($16.09)	$0.36	$0.25	$0.29	($0.04)	$0.56
Adjusted Weighted Average Basic Shares Outstanding	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M	12.92M	12.99M	13.03M	13.01M	13.14M
Adjusted Diluted Earnings per Share	($0.56)	($2.92)	($0.24)	($0.06)	($0.14)	($16.09)	$0.35	$0.25	$0.28	($0.03)	$0.56
Adjusted Weighted Average Diluted Shares Outstanding	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M	13.09M	13.17M	13.19M	13.17M	13.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.16M	13.14M	13.27M	13.28M	13.16M	13.23M	13.32M	13.32M	13.43M	13.41M	13.43M
Normalized Net Operating Profit after Tax (NOPAT)	-6.01	-2.89	-1.87	-0.39	-0.85	-1.92	4.11	3.19	1.02	7.37	6.14
Normalized NOPAT Margin	-11.04%	-5.09%	-2.36%	-0.63%	-1.48%	-3.45%	4.35%	4.47%	1.92%	9.71%	6.23%
Pre Tax Income Margin	-16.73%	-83.95%	-4.93%	-1.83%	-3.20%	-20.84%	3.71%	4.61%	7.53%	-0.49%	7.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	30.82	44.55	93.19	-36.96	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	34.47	49.45	86.43	-26.82	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-42.17	2.74	-56.44	-440.20	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-38.52	7.65	-63.20	-430.06	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	341.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Intrepid Potash’s Q1 2026 results show a solid rebound in profitability and cash generation, but the company is still working through a volatile earnings history. Revenue rose sharply year over year, operating margins improved from the prior quarter, and the balance sheet remains debt-light with a sizable cash position. At the same time, IPI’s results can swing materially from quarter to quarter due to pricing, mix, and one-time items, so investors should focus on the underlying trend rather than any single period.

Revenue accelerated meaningfully year over year. Q1 2026 revenue was $98.7 million, up from $94.5 million in Q1 2025 and well above $75.9 million in Q4 2025.
Profitability improved sharply versus the prior quarter. Operating income rose to $6.2 million in Q1 2026 from a loss of $1.0 million in Q4 2025.
Net income turned back up. IPI reported $7.4 million of consolidated net income in Q1 2026, compared with a $0.4 million loss in Q4 2025.
Cash generation was strong. Operating cash flow came in at $23.2 million in Q1 2026, a healthy improvement from $8.9 million in Q4 2025.
Liquidity is solid. Cash and equivalents increased to $99.3 million at March 31, 2026, up from $77.2 million at the end of Q3 2025.
The balance sheet remains conservatively financed. Total debt appears minimal to none in the latest balance sheet, while total equity stood at $498.2 million.
Working-capital and capital-investment support remain manageable. Even after $5.1 million of capital spending, the company still produced positive free cash flow in the quarter.
Depreciation remains a large non-cash add-back. Q1 2026 depreciation was $9.9 million, which helps cash flow but also highlights the capital-intensive nature of the business.
Margins are still subject to quarter-to-quarter swings. Q4 2025 showed a sharp loss due to special charges, while Q1 2026 benefited from much cleaner operating results.
Profitability remains inconsistent year to year. Q1 2025 net income was $4.6 million, but the company also posted a very large loss in Q4 2024 and several weak quarters before recovering.
Special charges and other operating items can be material. The recent history includes large impairment and special charges, which makes earnings less predictable for retail investors.
Inventories and receivables remain significant uses of capital. At Q1 2026, inventories were $95.7 million and receivables were $46.4 million, so working capital management will remain important.

Bottom line: Intrepid Potash entered 2026 with better momentum than it had exiting 2025. Revenue growth, stronger operating income, and a rising cash balance are all constructive signs. However, the company’s earnings record over the last four years has been highly cyclical, with occasional large downside swings. For investors, that means the stock likely remains a bet on continued operational improvement and favorable potash market conditions rather than on steady, predictable earnings growth.

07/21/26 10:59 AM ETAI Generated. May Contain Errors.

Intrepid Potash Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Intrepid Potash's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Intrepid Potash's net income appears to be on a downward trend, with a most recent value of $11.19 million in 2025, falling from -$524.78 million in 2015. The previous period was -$212.85 million in 2024. See Intrepid Potash's forecast for analyst expectations on what's next for the company.

Intrepid Potash's total operating income in 2025 was $10.67 million, based on the following breakdown:

Total Gross Profit: $54.82 million
Total Operating Expenses: $44.15 million

Over the last 10 years, Intrepid Potash's total revenue changed from $287.18 million in 2015 to $298.33 million in 2025, a change of 3.9%.

Intrepid Potash's total liabilities were at $140.75 million at the end of 2025, a 17.2% increase from 2024, and a 34.1% decrease since 2015.

In the past 10 years, Intrepid Potash's cash and equivalents has ranged from $1.10 million in 2017 to $83.54 million in 2025, and is currently $83.54 million as of their latest financial filing in 2025.

Over the last 10 years, Intrepid Potash's book value per share changed from 5.60 in 2015 to 36.60 in 2025, a change of 553.6%.

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Financial statements for NYSE:IPI last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Intrepid Potash (IPI) Financials

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Intrepid Potash (IPI) Financials

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How has Intrepid Potash's revenue changed over the last 10 years?

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