Filing Flows › Idaho Strategic Resources (IDR) › Q2 2026
Idaho Strategic Resources (IDR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Idaho Strategic Resources (IDR) reported revenue of $10.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and -26% from the quarter before. Operating margin was 34.1%, net earnings $3.7M (34.0% of revenue).
Idaho Strategic Resources, Q2 2026: revenue $10.7M (+13% year over year), operating margin 34.1%, net earnings $3.7M, operating cash flow $4.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.7M | -26% | +13% |
| Gross profit | $6.0M | -37% | +10% |
| Operating profit | $3.7M | -52% | +46% |
| Net earnings | $3.7M | -43% | +32% |
| Operating cash flow | $4.9M | -44% | +37% |
| Free cash flow | $2.0M | -67% | -21% |
What changed
Revenue was $10.7M in Q2 2026, up 13% year over year and down 26% from the previous quarter.
Gross margin was 56.2%, down 1.6 points from Q2 2025. Operating profit was $3.7M, a 34.1% margin (up 7.6 points year over year). Of the extra revenue versus Q2 2025, 91% reached operating profit, above the 27% margin then. Operating expenses fell 20% while revenue rose 13%. The fastest-growing cost line was General & admin (+32%). Net earnings were $3.7M, up 32% year over year ($3.6M including minority interests, which bore $24K of losses). The effective tax rate was 16.7%.
Operating cash flow was $4.9M (up 37% year over year), 136% of net earnings. Non-cash charges added back $846K of depreciation and amortization and $139K of share-based compensation. Working capital and other items added $333K. Capital expenditures of $3.0M left free cash flow of $2.0M.
Questions
What was Idaho Strategic Resources' revenue in the second quarter 2026?
Idaho Strategic Resources (IDR) reported revenue of $10.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and -26% from the quarter before.
Was Idaho Strategic Resources profitable in the second quarter 2026?
Operating profit was $3.7M (34.1% of revenue) and net earnings $3.7M.