Intrepid Potash, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Intrepid Potash, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue								279	255	298
Gross profit	-26.8	11.9	38.3	43.5	10.5	55.8	141	36.8	29.1	54.8
Selling, general and administrative	20	18.9	20.4	23.6	25.5	24	31.8	32.4	33	36.7
Operating income	-55.3	-14.1	15.5	16.4	-23.2	32.3	95.4	-44	-19.9	10.7
Interest expense	11.6	11.7	3.86	3.03	4.29	1.47	0.1	0	0.11	0.23
Interest income	0.29	0.01	0.11		0	0	0.18	0.3	1.71	2.43
Other non-operating income	1.12	0.4	0.25	0.36	0.38	0.05	0.31	0.1	0.05	-0.76
Pre-tax income	-65.5	-25.4	11.9	13.7	-27.1	41	96.5	-44.1	-18.5	11.7
Income tax	-1.36	-2.78	0.11	0.05	0.01	-209	24.3	-8.39	194	0.54
Net income	-64.2	-22.6	11.8	13.6	-27.2	250	72.2	-35.7	-213	11.2
EBITDA	-14.4	19.1	47.7	50.7	12.9	68.2	130	-4.57	17.8	51.2
EPS, basic	-8.50	-2.00	0.92	1.06	-2.09	19.07	5.49	-2.80	-16.53	0.86
EPS, diluted	-8.50	-2.00	0.90	1.04	-2.09	18.66	5.37	-2.80	-16.53	0.85
Shares, basic (weighted)	7.58	11.6	12.8	12.9	13	13.1	13.2	12.8	12.9	13
Shares, diluted (weighted)	7.58	11.6	13.1	13.1	13	13.4	13.5	12.8	12.9	13.2

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	4.46	1.07	33.2	20.6	19.5	36.5	18.5	4.07	41.3	83.5
Short-term investments	0
Receivables	10.3	17.8	25.2	23.7	22.5	35.4	26.7	22.1	22.5	32
Inventory	94.4	83.1	82	94.2	88.7	78.9	115	114	113	112
Other current assets	0.83	0.21	4.33	5.52	3.23	5.14	4.86	7.2	5.27	5.31
Total current assets	124	111	145	145	136	157	172	152	184	292
Property, plant and equipment	388	365	346	379	355	341	376	358	344	299
Lease right-of-use assets				6.06		3.4	3.66	2.03	1.44	2.25
Intangible assets				6.2	5.9	5.6	5.2	4.9	4.8
Long-term investments	0					4.58	9.84	6.63	3.57	0.18
Other non-current assets	7.63	3.96	1.32	7.83	10.8	6.84	7.29	8.02	9.89	7.1
Total assets	541	511	525	578	550	767	794	769	595	632
Accounts payable	10.2	11.1	9.11	9.99	7.28	9.07	18.6	12.8	8.62	9.66
Accrued liabilities	8.69	8.07	8.72	13.7	12.7	22.9	16.2	14.1	9.48	10.5
Deferred revenue		0	11.7	16.6	30.4	32.9	0.9	1	0.8	0.8
Short-term debt	0	10	0	20	10	0
Total current liabilities	24.1	37.5	34.8	87.4	67.2	73.4	48.9	46.6	38	55.8
Long-term debt	133	49.4	49.6	29.8
Lease liabilities			0	4.03	2.14	1.88	2.21	0.74	0.78	1.55
Other non-current liabilities	0	0.1	0.42	0.42	0.96	1.17	1.48	1.31	1.66	1.73
Total liabilities	178	109	108	144	139	103	79.1	84.1	120	141
Total debt	133	59.4	49.6	49.8	14.9	0
Paid-in capital	584	646	649	653	657	659	661	666	668	674
Retained earnings	-220	-244	-232	-218	-246	4.24	76.5	40.8	-172	-161
Treasury stock						0	-22	-22	-22	-22
Other comprehensive income	0	0	0
Shareholders' equity	363	402	417	435	411	663	715	684	474	491
Total equity	363	402	417	435	411	663	715	684	474	491
Total liabilities and equity	541	511	525	578	550	767	794	769	595	632
Shares outstanding	7.58	12.8	129	13	13	13.1	12.7	12.8	12.9	13.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-64.2	-22.6	11.8	13.6	-27.2	250	72.2	-35.7	-213	11.2
Depreciation and amortization	40.9	33.2	32.2	34.3	36.1	36	35	39.4	37.7	40.6
Stock-based compensation	3.6	3.62	4.18	4.28	3.82	3.01	6.15	6.53	3.58	5.09
Deferred income tax	0			0	0	-209	23.3	-8.47	194	0
Change in receivables	4.42	-6.87	-7.48	1.34	1.16	-12.6	8.67	4.55	-0.51	-11.4
Change in inventory	-16.8	-1.26	-0.07	-11.5	-0.29	7.36	-33.3	-11.9	-10.8	-3.93
Change in payables	-11.2	1.74	1.74	2.28	2.33	13.5	-3.6	-3.72	-3.52	4.72
Cash from operations	-14.7	16.7	64.2	49.4	31.1	79.1	88.8	43.2	72.5	55.8
Capital expenditures	-17.9	-13.5	-16.9	-63.8	-16.4	-19.8	-68.7	-65.1	-38.7	-30.2
Purchases of investments	-10.3
Sales and maturities of investments	60.7	0
Cash from investing	32.5	-7.85	-16.8	-80.6	-15.2	-14.8	-79.2	-59.6	-29.5	-13.3
Debt issued				0	10	0	0
Debt repaid	-15	-75	-10	0	-35	-15	0	0
Stock issued		59.1	0.11	0.02	0.11	0.09	0.11	0	0	1.84
Share buybacks					0	0	-22	0	0
Cash from financing	-19.1	-15.8	-15.3	18.8	-17	-47.3	-27.7	1.89	-5.72	-0.28
Net change in cash	-1.31	-6.92	32.2	-12.5	-1.06	17	-18.1	-14.4	37.2	42.2
Free cash flow	-32.6	3.19	47.3	-14.5	14.7	59.3	20.1	-21.8	33.8	25.5
Interest paid	8.97	11.6	3.47	2.73	2.47	0.88	0.11	0.41	0.5	0.46
Income taxes paid	-0.1	-1.5	-3.47	0.94	0.1	0.19	1.02	0.18	0.01	0.49

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $34.04 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	3.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.0%	Net income / average total assets.
Return on invested capital (ROIC)	3.8%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	17.1%	Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y	88.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-27.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	39.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 3y	-51.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	187.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-26.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	31.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	-46.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y	-45.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-23.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-14.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-24.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	8.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	11.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	3.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-11.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-7.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	6.33x	Current assets / current liabilities.
Quick ratio	4.12x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	3.74x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	20.7%	Total liabilities / total assets.
Interest coverage	210x	Operating income / interest expense.
Working capital	$263.6M	Current assets - current liabilities.
Tangible book value	$515.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	112.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	52.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.98	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$2.24	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.71	Cash from operations / diluted weighted shares.
Book value per share	$39.01	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$39.01	Tangible book value / shares outstanding.
Cash per share	$14.01	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$458.1M	Share price x shares outstanding.
Enterprise value	$273.1M	Market cap + total debt - cash - short-term investments.
P/E	17.4x	Market cap / net income. Only when net income is positive.
P/B	0.89x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.89x	Market cap / tangible book value, when positive.
P/FCF	15.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.33x	Market cap / cash from operations, when positive.
EV/EBIT	21.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	5.21x	Enterprise value / EBITDA, when both are positive.
EV/FCF	9.19x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.5%	Free cash flow / market cap.
Earnings yield	5.7%	Net income / market cap (the inverse of P/E).

What was Intrepid Potash, Inc.'s revenue in fiscal 2025?

Intrepid Potash, Inc. reported revenue of $298.3M for fiscal 2025, 17.1% higher than the year before.

Was Intrepid Potash, Inc. profitable in fiscal 2025?

Yes. Net income was $11.2M, a net margin of 3.7%.

How much free cash flow did Intrepid Potash, Inc. generate in fiscal 2025?

Cash from operations of $55.8M minus capital expenditures of $30.2M left free cash flow of $25.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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