Filing Flows › Idaho Strategic Resources (IDR) › Q3 2025
Idaho Strategic Resources (IDR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Idaho Strategic Resources (IDR) reported revenue of $11.1M for the third quarter 2025 (Q3 2025), +80% from a year earlier and +17% from the quarter before. Operating margin was 23.4%, net earnings $3.0M (26.8% of revenue).
Idaho Strategic Resources, Q3 2025: revenue $11.1M (+80% year over year), operating margin 23.4%, net earnings $3.0M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1M | +17% | +80% |
| Gross profit | $7.0M | +29% | +135% |
| Operating profit | $2.6M | +3% | +80% |
| Net earnings | $3.0M | +7% | +88% |
| Operating cash flow | $2.3M | -35% | -5% |
| Free cash flow | $696K | -72% | -63% |
What changed
Revenue was $11.1M in Q3 2025, up 80% year over year and up 17% from the previous quarter.
Gross margin was 63.6%, up 14.9 points from a year earlier. Operating profit was $2.6M, a 23.4% margin (unchanged year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 23% margin then. Operating expenses grew 186% against revenue growth of 80%. The fastest-growing cost line was Other operating costs (+212%). Net earnings were $3.0M, up 88% year over year ($3.0M including minority interests, which bore $14K of losses). The effective tax rate was 0.0%.
Operating cash flow was $2.3M (down 5% year over year), 79% of net earnings. Non-cash charges added back $603K of depreciation and amortization and $257K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $1.6M left free cash flow of $696K.
Questions
What was Idaho Strategic Resources' revenue in the third quarter 2025?
Idaho Strategic Resources (IDR) reported revenue of $11.1M for the third quarter 2025 (Q3 2025), +80% from a year earlier and +17% from the quarter before.
Was Idaho Strategic Resources profitable in the third quarter 2025?
Operating profit was $2.6M (23.4% of revenue) and net earnings $3.0M.