Filing Flows › Intrepid Potash (IPI) › Q2 2025
Intrepid Potash (IPI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Intrepid Potash (IPI) reported revenue of $67.5M for the second quarter 2025 (Q2 2025) and -29% from the quarter before. Operating margin was 4.9%, net earnings $3.3M (4.8% of revenue).
Intrepid Potash, Q2 2025: revenue $67.5M, operating margin 4.9%, net earnings $3.3M, operating cash flow $39.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.5M | -29% | — |
| Gross profit | $14.3M | -2% | — |
| Operating profit | $3.3M | -34% | — |
| Net earnings | $3.3M | -29% | — |
| Operating cash flow | $39.9M | +266% | — |
| Free cash flow | $35.8M | 14× | — |
What changed
Revenue was $67.5M in Q2 2025, down 29% from the previous quarter. Trio was the largest line at 49% of revenue.
Gross margin was 21.2%. Operating profit was $3.3M, a 4.9% margin. Net earnings were $3.3M. The effective tax rate was 0.9%.
Operating cash flow was $39.9M, 1224% of net earnings. Non-cash charges added back $9.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $25.7M. Capital expenditures of $4.1M left free cash flow of $35.8M.
Questions
What was Intrepid Potash's revenue in the second quarter 2025?
Intrepid Potash (IPI) reported revenue of $67.5M for the second quarter 2025 (Q2 2025) and -29% from the quarter before.
Was Intrepid Potash profitable in the second quarter 2025?
Operating profit was $3.3M (4.9% of revenue) and net earnings $3.3M.
Source: Intrepid Potash 10-Q on SEC EDGAR.