Filing Flows › Idaho Strategic Resources (IDR) › Q1 2025
Idaho Strategic Resources (IDR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Idaho Strategic Resources (IDR) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +23% from a year earlier and -4% from the quarter before. Operating margin was 19.3%, net earnings $1.6M (22.1% of revenue).
Idaho Strategic Resources, Q1 2025: revenue $7.3M (+23% year over year), operating margin 19.3%, net earnings $1.6M, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | -4% | +23% |
| Gross profit | $3.7M | -8% | +30% |
| Operating profit | $1.4M | -49% | -35% |
| Net earnings | $1.6M | -37% | -26% |
| Operating cash flow | $2.4M | -12% | -6% |
| Free cash flow | $1.0M | -41% | -55% |
What changed
Revenue was $7.3M in Q1 2025, up 23% year over year and down 4% from the previous quarter.
Gross margin was 50.8%, up 2.7 points from a year earlier. Operating profit was $1.4M, a 19.3% margin (down 17.1 points year over year). Operating profit fell $741K even though revenue rose $1.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 230% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+285%). Net earnings were $1.6M, down 26% year over year ($1.6M including minority interests, which bore $17K of losses). The effective tax rate was 0.0%.
Operating cash flow was $2.4M (down 6% year over year), 152% of net earnings. Non-cash charges added back $550K of depreciation and amortization and $495K of share-based compensation. Working capital and other items used $222K. Capital expenditures of $1.4M left free cash flow of $1.0M.
Questions
What was Idaho Strategic Resources' revenue in the first quarter 2025?
Idaho Strategic Resources (IDR) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +23% from a year earlier and -4% from the quarter before.
Was Idaho Strategic Resources profitable in the first quarter 2025?
Operating profit was $1.4M (19.3% of revenue) and net earnings $1.6M.