Filing Flows › Intrepid Potash (IPI) › Q3 2026 › vs Q3 2025
Intrepid Potash (IPI) Q3 2026 vs Q3 2025 (year over year)
Intrepid Potash's revenue rose $227K (+0.4%) from $50.8M in Q3 2025 to $51.0M in Q3 2026. The biggest changes: Trio +$895K (+5%); Water +$525K (+334%); Potash −$521K (-2%). Gross margin 19.7% against 19.6% (+0.1 pts).
Intrepid Potash, Q3 2026: revenue $51.0M (+0.4% year over year), operating margin 0.4%, net earnings $1.7M, operating cash flow −$4.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.7% | 19.6% | +0.1 pts |
| Operating margin | 0.4% | 1.0% | -0.5 pts |
| Net margin | 3.4% | 7.4% | -4.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Potash | $25.8M | $26.3M | −$521K | -2% |
| Trio | $18.8M | $17.9M | $895K | +5% |
| Salt | $2.3M | $2.7M | −$400K | -15% |
| Magnesium Chloride | $1.9M | $2.0M | −$43K | -2% |
| Brine Water | $1.6M | $1.7M | −$119K | -7% |
| Water | $682K | $157K | $525K | +334% |
| Revenue | $51.0M | $50.8M | $227K | +0.4% |
| Gross profit | $10.0M | $10.0M | $89K | +0.9% |
| Cost of revenue | $41.0M | $40.9M | $138K | +0.3% |
| Other income, net | $1.5M | $3.7M | −$2.2M | -59% |
| Operating profit | $209K | $484K | −$275K | -57% |
| Operating expenses | $9.8M | $9.5M | $364K | +4% |
| Pre-tax earnings | $1.7M | $4.2M | −$2.5M | -59% |
| SG&A | $9.7M | $9.0M | $687K | +8% |
| Other operating costs | $153K | $476K | −$323K | -68% |
| Income tax benefit | $7K | −$433K | $440K | — |
| Net earnings | $1.7M | $3.7M | −$2.0M | -54% |
| Operating cash sources | $17.0M | $18.0M | −$973K | -5% |
| Depreciation & amortization | $9.1M | $8.8M | $257K | +3% |
| Share-based compensation | $1.5M | $1.4M | $152K | +11% |
| Cash used in operations | $4.6M | $4.0M | $631K | +16% |
| Working capital & other | $17.0M | $18.0M | −$973K | -5% |
Questions
How much did Intrepid Potash's revenue grow year over year in Q3 2026?
Intrepid Potash's revenue rose $227K (+0.4%) from $50.8M in Q3 2025 to $51.0M in Q3 2026.
What drove Intrepid Potash's revenue change in Q3 2026?
Trio +$895K (+5%); Water +$525K (+334%); Potash −$521K (-2%).