Filing Flows › Intrepid Potash (IPI) › How it makes money
How Intrepid Potash (IPI) makes money
Intrepid Potash (IPI) made $51.0M of revenue in the third quarter 2026 (Q3 2026), +0.7% from a year earlier. Potash brought in $25.8M (50%); Trio brought in $18.8M (37%); Salt brought in $2.3M (4%). Of every dollar of revenue, 20¢ was left as gross profit, 0¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Potash | $25.8M | 50.5% | +2% | -2% |
| Trio | $18.8M | 36.9% | -47% | +5% |
| Salt | $2.3M | 4.5% | +4% | -15% |
| Magnesium Chloride | $1.9M | 3.8% | +87% | -2% |
| Brine Water | $1.6M | 3.0% | -29% | -7% |
| Water | $682K | 1.3% | +105% | +334% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $51.0M | 100.0% |
| Cost of revenue | $41.0M | 80.3% |
| Gross profit | $10.0M | 19.7% |
| Operating expenses | $9.8M | 19.3% |
| Operating profit | $209K | 0.4% |
| Net earnings | $1.7M | 3.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $51.0M | +0.4% |
| Q2 2026 | $66.7M | -1% |
| Q1 2026 | $98.7M | +4% |
| Q2 2025 | $67.5M | — |
| Q1 2025 | $94.5M | — |
From Intrepid Potash's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Intrepid Potash make money?
Intrepid Potash (IPI) made $51.0M of revenue in the third quarter 2026 (Q3 2026), +0.7% from a year earlier. Potash brought in $25.8M (50%); Trio brought in $18.8M (37%); Salt brought in $2.3M (4%). Of every dollar of revenue, 20¢ was left as gross profit, 0¢ was left as operating profit, 3¢ was left as net earnings.
What is Intrepid Potash's biggest business?
Potash: $25.8M in the third quarter 2026, 50% of revenue, -2% from a year earlier.
What is Intrepid Potash's profit margin?
Net earnings were $1.7M, 3.4% of revenue, in the third quarter 2026; the operating margin was 0.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.