Filing Flows › Idaho Strategic Resources (IDR) › Q1 2026 › vs Q4 2025
Idaho Strategic Resources (IDR) Q1 2026 vs Q4 2025 (quarter over quarter)
Idaho Strategic Resources's revenue fell $87K (-0.6%) from $14.6M in Q4 2025 to $14.5M in Q1 2026. Gross margin 66.0% against 68.5% (-2.5 pts).
Idaho Strategic Resources, Q1 2026: revenue $14.5M (+99% year over year), operating margin 52.4%, net earnings $6.4M, operating cash flow $8.8M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 66.0% | 68.5% | -2.5 pts |
| Operating margin | 52.4% | 62.4% | -10.0 pts |
| Net margin | 44.1% | 64.3% | -20.2 pts |
| Free cash flow margin | 41.0% | 56.0% | -15.0 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $14.5M | $14.6M | −$87K | -0.6% |
| Gross profit | $9.6M | $10.0M | −$420K | -4% |
| Cost of revenue | $4.9M | $4.6M | $332K | +7% |
| Other income, net | $146K | $250K | −$104K | -41% |
| Operating profit | $7.6M | $9.1M | −$1.5M | -17% |
| Operating expenses | $2.0M | $896K | $1.1M | +121% |
| Pre-tax earnings | $7.7M | $9.3M | −$1.6M | -17% |
| General & admin | $223K | $401K | −$178K | -44% |
| Other operating costs | $1.8M | $494K | $1.3M | +256% |
| Loss borne by minority interests | $19K | $26K | −$7K | -27% |
| Net earnings | $6.4M | $9.4M | −$3.0M | -32% |
| Income tax | $1.4M | $0 | $1.4M | — |
| Depreciation & amortization | $714K | $644K | $70K | +11% |
| Share-based compensation | $139K | $257K | −$119K | -46% |
| Working capital & other | $1.5M | $480K | $1.1M | +222% |
| Operating cash flow | $8.8M | $10.7M | −$2.0M | -18% |
| Free cash flow (OCF − capex) | $5.9M | $8.2M | −$2.2M | -27% |
| Capital expenditures | $2.8M | $2.6M | $257K | +10% |
Questions
How much did Idaho Strategic Resources's revenue grow quarter over quarter in Q1 2026?
Idaho Strategic Resources's revenue fell $87K (-0.6%) from $14.6M in Q4 2025 to $14.5M in Q1 2026. Gross margin 66.0% against 68.5% (-2.5 pts).