Filing Flows › Idaho Strategic Resources (IDR) › Q4 2025
Idaho Strategic Resources (IDR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 23, 2026
Idaho Strategic Resources (IDR) reported revenue of $14.6M for the fourth quarter 2025 (Q4 2025), +92% from a year earlier and +31% from the quarter before. Operating margin was 62.4%, net earnings $9.4M (64.3% of revenue).
Idaho Strategic Resources, Q4 2025: revenue $14.6M (+92% year over year), operating margin 62.4%, net earnings $9.4M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | +31% | +92% |
| Gross profit | $10.0M | +42% | +147% |
| Operating profit | $9.1M | +250% | +231% |
| Net earnings | $9.4M | +215% | +221% |
| Operating cash flow | $10.7M | +358% | +241% |
| Free cash flow | $8.2M | 12× | +284% |
What changed
Revenue was $14.6M in Q4 2025, up 92% year over year and up 31% from the previous quarter.
Gross margin was 68.5%, up 15.3 points from Q4 2024. Operating profit was $9.1M, a 62.4% margin (up 26.2 points year over year). Of the extra revenue versus Q4 2024, 91% reached operating profit, above the 36% margin then. Operating expenses fell 31% while revenue rose 92%. The fastest-growing cost line was General & admin (+83%). Net earnings were $9.4M, up 221% year over year ($9.3M including minority interests, which bore $26K of losses). The effective tax rate was 0.0%.
Operating cash flow was $10.7M (up 241% year over year), 115% of net earnings. Non-cash charges added back $644K of depreciation and amortization and $257K of share-based compensation. Capital expenditures of $2.6M left free cash flow of $8.2M.
Questions
What was Idaho Strategic Resources' revenue in the fourth quarter 2025?
Idaho Strategic Resources (IDR) reported revenue of $14.6M for the fourth quarter 2025 (Q4 2025), +92% from a year earlier and +31% from the quarter before.
Was Idaho Strategic Resources profitable in the fourth quarter 2025?
Operating profit was $9.1M (62.4% of revenue) and net earnings $9.4M.