Filing Flows › Idaho Strategic Resources (IDR) › Q1 2026
Idaho Strategic Resources (IDR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Idaho Strategic Resources (IDR) reported revenue of $14.5M for the first quarter 2026 (Q1 2026), +99% from a year earlier and -0.6% from the quarter before. Operating margin was 52.4%, net earnings $6.4M (44.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.5M | -0.6% | +99% |
| Gross profit | $9.6M | -4% | +159% |
| Operating profit | $7.6M | -17% | +441% |
| Net earnings | $6.4M | -32% | +297% |
| Operating cash flow | $8.8M | -18% | +264% |
| Free cash flow | $5.9M | -27% | +491% |
What changed
Revenue was $14.5M in Q1 2026, up 99% year over year and down 1% from the previous quarter.
Gross margin was 66.0%, up 15.2 points from Q1 2025. Operating profit was $7.6M, a 52.4% margin (up 33.1 points year over year). Of the extra revenue versus Q1 2025, 86% reached operating profit, above the 19% margin then. Operating expenses fell 14% while revenue rose 99%. Net earnings were $6.4M, up 297% year over year ($6.4M including minority interests, which bore $19K of losses). The effective tax rate was 17.6%.
Operating cash flow was $8.8M (up 264% year over year), 138% of net earnings. Non-cash charges added back $714K of depreciation and amortization and $139K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $2.8M left free cash flow of $5.9M.
Questions
What was Idaho Strategic Resources' revenue in the first quarter 2026?
Idaho Strategic Resources (IDR) reported revenue of $14.5M for the first quarter 2026 (Q1 2026), +99% from a year earlier and -0.6% from the quarter before.
Was Idaho Strategic Resources profitable in the first quarter 2026?
Operating profit was $7.6M (52.4% of revenue) and net earnings $6.4M.