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Intrepid Potash vs American Battery Technology: IPI and ABAT compared
Intrepid Potash is the larger company: $51.0M of revenue in its latest quarter (Q3 2026) against $8.2M for American Battery Technology (Q4 FY26). American Battery Technology is growing faster (+197% against +0.4% a year earlier). Intrepid Potash is more profitable, with an operating margin of 0.4% against -246.5%.
Where the money goes: IPI and ABAT
Intrepid Potash (IPI) · Q3 2026
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 follows the revenue to costs, profit and cash.
American Battery Technology (ABAT) · Q4 FY26
American Battery Technology, Q4 FY26: revenue $8.2M (+197% year over year), operating margin -246.5%, net loss $20.0M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Intrepid Potash (IPI) | American Battery Technology (ABAT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $51.0M | $8.2M |
| Revenue growth, Y/Y | +0.4% | +197% |
| Gross margin | 19.7% | — |
| Operating margin | 0.4% | -246.5% |
| Net earnings | $1.7M | −$20.0M |
| Net margin | 3.4% | -242.5% |
| Operating cash flow | −$4.6M | −$4.6M |
Where the revenue comes from
Intrepid Potash
- Potash: $25.8M (50%)
- Trio: $18.8M (37%)
- Salt: $2.3M (4%)
- Magnesium Chloride: $1.9M (4%)
Questions
Which is bigger, Intrepid Potash or American Battery Technology?
Intrepid Potash is the larger company: $51.0M of revenue in its latest quarter (Q3 2026) against $8.2M for American Battery Technology (Q4 FY26).
Is Intrepid Potash or American Battery Technology growing faster?
American Battery Technology is growing faster (+197% against +0.4% a year earlier).
Which is more profitable, Intrepid Potash or American Battery Technology?
Intrepid Potash is more profitable, with an operating margin of 0.4% against -246.5%.
More: Intrepid Potash earnings · how Intrepid Potash makes money · American Battery Technology earnings · how American Battery Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-K filed Sep 14, 2026). Fiscal quarters can end on different dates. Not investment advice.