Intrepid Potash (IPI) financial statements
Intrepid Potash reported revenue of $298M in fiscal 2025, up 3.4% a year over 2 years.
Net income was $11M.
Free cash flow was $26M.
The diluted share count rose 74% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Intrepid Potash's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $279M | $255M | $298M |
| Gross profit | -$27M | $12M | $38M | $43M | $11M | $56M | $141M | $37M | $29M | $55M |
| Selling, general and admin | $20M | $19M | $20M | $24M | $25M | $24M | $32M | $32M | $33M | $37M |
| Operating income | -$55M | -$14M | $15M | $16M | -$23M | $32M | $95M | -$44M | -$20M | $11M |
| Interest expense | $12M | $12M | $4M | $3M | $4M | $1M | $101,000 | $0 | $112,000 | $232,000 |
| Pre-tax income | -$66M | -$25M | $12M | $14M | -$27M | $41M | $97M | -$44M | -$19M | $12M |
| Income tax | -$1M | -$3M | $108,000 | $53,000 | $5,000 | -$209M | $24M | -$8M | $194M | $544,000 |
| Net income | -$64M | -$23M | $12M | $14M | -$27M | $250M | $72M | -$36M | -$213M | $11M |
| EPS (diluted) | -$8.50 | -$2.00 | $0.90 | $1.04 | -$2.09 | $18.66 | $5.37 | -$2.80 | -$16.53 | $0.85 |
| Diluted shares | 8M | 12M | 13M | 13M | 13M | 13M | 13M | 13M | 13M | 13M |
| Gross margin | — | — | — | — | — | — | — | 13.2% | 11.4% | 18.4% |
| Operating margin | — | — | — | — | — | — | — | -15.8% | -7.8% | 3.6% |
| Net margin | — | — | — | — | — | — | — | -12.8% | -83.6% | 3.7% |
Balance sheet
Fiscal years, from Intrepid Potash's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $1M | $33M | $21M | $20M | $36M | $19M | $4M | $41M | $84M |
| Receivables | $10M | $18M | $25M | $24M | $23M | $35M | $27M | $22M | $22M | $32M |
| Inventory | $94M | $83M | $82M | $94M | $89M | $79M | $115M | $114M | $113M | $112M |
| Total current assets | $124M | $111M | $145M | $145M | $136M | $157M | $172M | $152M | $184M | $292M |
| Property, plant and equipment | $388M | $365M | $346M | $379M | $355M | $341M | $376M | $358M | $344M | $299M |
| Total assets | $541M | $511M | $525M | $578M | $550M | $767M | $794M | $769M | $595M | $632M |
| Total current liabilities | $24M | $37M | $35M | $87M | $67M | $73M | $49M | $47M | $38M | $56M |
| Long-term debt | $133M | $49M | $50M | $30M | — | — | — | — | — | — |
| Total liabilities | $178M | $109M | $108M | $144M | $139M | $103M | $79M | $84M | $120M | $141M |
| Shareholders' equity | $363M | $402M | $417M | $435M | $411M | $663M | $715M | $684M | $474M | $491M |
| Net debt | $129M | $58M | $16M | $29M | -$10M | -$36M | -$19M | -$4M | -$41M | -$84M |
Cash flow
Fiscal years, from Intrepid Potash's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15M | $17M | $64M | $49M | $31M | $79M | $89M | $43M | $72M | $56M |
| Capital spending | $18M | $14M | $17M | $64M | $16M | $20M | $69M | $65M | $39M | $30M |
| Free cash flow | -$33M | $3M | $47M | -$14M | $15M | $59M | $20M | -$22M | $34M | $26M |
| Stock-based compensation | $4M | $4M | $4M | $4M | $4M | $3M | $6M | $7M | $4M | $5M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$22M | $0 | $0 | — |
| Net borrowing | -$15M | -$75M | -$10M | $0 | -$25M | -$15M | $0 | $0 | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | -7.8% | 13.3% | 8.6% |
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Open IPI in InvestinglyQuestions
What was Intrepid Potash's revenue in 2025?
$298M in fiscal 2025, from its 10-K filing.
How much free cash flow does Intrepid Potash generate?
$26M in fiscal 2025 (operating cash flow minus capital spending).
From Intrepid Potash's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.