Filing Flows › Intrepid Potash (IPI) › Q1 2025
Intrepid Potash (IPI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Intrepid Potash (IPI) reported revenue of $94.5M for the first quarter 2025 (Q1 2025). Operating margin was 5.3%, net earnings $4.6M (4.9% of revenue).
Intrepid Potash, Q1 2025: revenue $94.5M, operating margin 5.3%, net earnings $4.6M, operating cash flow $10.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.5M | — | — |
| Gross profit | $14.6M | — | — |
| Operating profit | $5.0M | — | — |
| Net earnings | $4.6M | — | — |
| Operating cash flow | $10.9M | — | — |
| Free cash flow | $2.6M | — | — |
What changed
Revenue was $94.5M in Q1 2025. Trio was the largest line at 53% of revenue.
Gross margin was 15.4%. Operating profit was $5.0M, a 5.3% margin. Net earnings were $4.6M. The effective tax rate was 4.1%.
Operating cash flow was $10.9M, 237% of net earnings. Non-cash charges added back $10.6M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $8.3M left free cash flow of $2.6M.
Questions
What was Intrepid Potash's revenue in the first quarter 2025?
Intrepid Potash (IPI) reported revenue of $94.5M for the first quarter 2025 (Q1 2025).
Was Intrepid Potash profitable in the first quarter 2025?
Operating profit was $5.0M (5.3% of revenue) and net earnings $4.6M.
Source: Intrepid Potash 10-Q on SEC EDGAR.