Intrepid Potash, Inc. (IPI) Income Statement
IPI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIPI revenue and net income
Where IPI's revenue goes
2025Each bar shows an amount and its share of revenue. IPI kept 3.7% of revenue as net income.
IPI profit margins
IPI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.1% | −4.0% | +8.7% | +0.4% |
| Gross profit | +79.5% | −28.3% | +37.7% | — |
| Operating income | — | −45.4% | — | — |
| Net income | — | −46.3% | — | — |
| EPS (diluted) | — | −37.6% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IPI quarterly EPS vs estimates
Intrepid Potash beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.13).
IPI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $298.3M | $254.7M | $279.1M | $337.6M | $270.3M | $197.0M | $220.1M | $208.3M | $157.6M | $210.9M |
| Cost of revenue | $246.1M | $225.6M | $242.2M | $196.2M | $214.6M | $186.4M | $176.6M | $170.0M | $151.8M | $240.2M |
| Gross profit | $52.2M | $29.1M | $36.8M | $141.4M | $55.8M | $10.5M | $43.5M | $38.3M | $5.8M | −$29.2M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $36.7M | $33.0M | $33.7M | $31.8M | $24.0M | $25.5M | $23.6M | $21.0M | $1.7M | $22.6M |
| Total operating expenses | $36.7M | $48.9M | $80.8M | $46.0M | $23.5M | $33.8M | $27.1M | $22.8M | $19.9M | $22.7M |
| Operating income | $15.5M | −$19.9M | −$44.0M | $95.4M | $32.3M | −$23.2M | $16.4M | $15.5M | −$14.4M | −$57.8M |
| Interest income | $2.4M | $1.7M | $331,000 | $764,000 | $1.5M | $4.3M | $3.0M | $110,000 | $6,000 | $286,000 |
| Interest expense | $232,000 | $112,000 | $101,000 | $101,000 | $1.5M | $4.3M | $3.0M | $3.9M | $11.7M | $11.6M |
| Income before taxes | $11.7M | −$18.5M | −$44.1M | $96.5M | $41.0M | −$27.1M | $13.7M | $11.9M | −$25.7M | −$68.0M |
| Income taxes | $544,000 | $194.3M | −$8.4M | $24.3M | −$208.9M | $5,000 | $53,000 | $108,000 | −$2.8M | −$1.4M |
| Net income | $11.2M | −$212.8M | −$35.7M | $72.2M | $249.8M | −$27.2M | $13.6M | $11.8M | −$22.9M | −$66.6M |
| EBITDA | $52.0M | $18.4M | −$3.0M | $133.6M | $79.4M | $10.9M | $51.0M | $46.8M | $14.8M | −$15.5M |
| EPS (diluted) | $1.44 | −$0.33 | −$0.24 | $5.94 | $1.63 | −$1.73 | $1.10 | $0.90 | −$2.30 | −$8.10 |
| Gross margin | 17.5% | 11.4% | 13.2% | 41.9% | 20.6% | 5.3% | 19.8% | 18.4% | 3.7% | −13.9% |
| Operating margin | 5.2% | −7.8% | −15.8% | 28.3% | 11.9% | −11.8% | 7.4% | 7.4% | −9.1% | −27.4% |
| Net margin | 3.7% | −83.6% | −12.8% | 21.4% | 92.4% | −13.8% | 6.2% | 5.7% | −14.5% | −31.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $66.7M | $98.7M | $75.9M | $53.2M | $71.5M | $94.5M | $55.8M | $57.5M | $62.1M | $79.3M | $56.7M | $54.5M |
| Cost of revenue | $50.0M | $81.8M | $61.2M | $43.3M | $57.8M | $81.9M | $48.5M | $49.8M | $54.4M | $72.9M | $52.0M | $54.0M |
| Gross profit | $16.6M | $16.9M | $14.7M | $9.9M | $13.6M | $12.7M | $7.3M | $7.7M | $7.6M | $6.4M | $4.6M | $491,000 |
| Sales, general & admin | $10.0M | $11.3M | $9.6M | $9.0M | $9.0M | $9.2M | $7.5M | $9.2M | $7.9M | $8.4M | $7.9M | $7.7M |
| Total operating expenses | $15.6M | $11.3M | $9.6M | $9.0M | $9.0M | $9.2M | $19.0M | $10.0M | $9.3M | $10.7M | $52.1M | $9.7M |
| Operating income | $1.1M | $5.6M | $5.1M | $917,000 | $4.7M | $3.5M | −$11.7M | −$2.2M | −$1.6M | −$4.3M | −$47.4M | −$9.2M |
| Interest income | $1.3M | $667,000 | $630,000 | $776,000 | $651,000 | $375,000 | $385,000 | $536,000 | $547,000 | $244,000 | $49,000 | $88,000 |
| Interest expense | $110,000 | $167,000 | $25,000 | $36,000 | $66,000 | $105,000 | $112,000 | — | $133,000 | $132,000 | $16,000 | $132,000 |
| Income before taxes | $2.5M | $6.9M | −$374,000 | $4.0M | $3.3M | $3.5M | −$11.6M | −$1.8M | −$1.1M | −$3.9M | −$47.6M | −$9.1M |
| Income taxes | $57,000 | $59,000 | $55,000 | $264,000 | $30,000 | $78,000 | $195.4M | −$7,000 | −$304,000 | −$775,000 | −$10.3M | −$1.9M |
| Net income | $15.6M | $7.4M | −$429,000 | $3.7M | $3.3M | $4.6M | −$207.0M | −$1.8M | −$833,000 | −$3.1M | −$37.3M | −$7.2M |
| EBITDA | $9.0M | $17.7M | $11.1M | $14.2M | $13.7M | $14.1M | −$3.3M | $8.5M | $8.0M | $6.0M | −$36.3M | $2.2M |
| EPS (diluted) | $0.56 | $0.62 | $0.49 | $0.11 | $0.45 | $0.39 | −$0.11 | −$0.02 | −$0.06 | −$0.14 | −$0.41 | −$0.53 |
| Gross margin | 25.0% | 17.1% | 19.4% | 18.6% | 19.1% | 13.4% | 13.1% | 13.4% | 12.3% | 8.1% | 8.2% | 0.9% |
| Operating margin | 1.6% | 5.7% | 6.8% | 1.7% | 6.5% | 3.7% | −21.0% | −3.9% | −2.6% | −5.4% | −83.7% | −16.8% |
| Net margin | 23.4% | 7.5% | −0.6% | 7.0% | 4.6% | 4.9% | −371.0% | −3.2% | −1.3% | −3.9% | −65.8% | −13.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IPI's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IPI financial results
In fiscal year 2025 (ended December 31, 2025), Intrepid Potash reported revenue of $298.3 million, up 17.1% from the year before. It had net income of $11.2 million, a net profit margin of 3.7%. Diluted earnings per share came to $1.44. Over five years revenue grew at an average rate of 8.7% a year.
See the IPI stock overview for the latest quote and news, or the IPI chart for price history and technical indicators.
IPI income statement FAQ
What is Intrepid Potash's annual revenue?
Intrepid Potash reported total revenue of $298.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 17.1% from $254.7 million the previous year.
Is Intrepid Potash profitable?
Yes. Intrepid Potash reported net income of $11.2 million in fiscal 2025, a net profit margin of 3.7%; its operating margin was 5.2%.
What is Intrepid Potash's gross margin?
Intrepid Potash's gross margin was 17.5% in fiscal 2025: for every $100 of revenue, Intrepid Potash kept $18 after the direct cost of its products and services.
How fast is Intrepid Potash growing?
Revenue grew 8.7% a year on average over the last five fiscal years, from $197.0 million to $298.3 million.
What are Intrepid Potash's earnings per share?
Intrepid Potash earned $1.44 per diluted share in fiscal 2025, compared with $-0.33 a year earlier.
When will Intrepid Potash report its next earnings?
Intrepid Potash is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Intrepid Potash's fiscal year end?
Intrepid Potash's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.