Intrepid Potash, Inc. IPI

Basic materials SIC 1400 - Mining & Quarrying of Nonmetallic Minerals (No Fuels) NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Nonmetallic Mineral Mining and Quarrying derived NYSE

We are a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed and the oil and gas industry. We are the only U.S. producer of muriate of potash (sometimes referred to as potassium chloride or potash), which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in animal feed. In addition, we produce a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfur, in a single particle. We also provide water, magnesium chloride, brine, and various oilfield products and services.

Last close 31.23 2026-10-23
Market cap $420.3M 2026-06-30 share count
52-week range 22.55 - 50.34

Valuation FY2025 figures against the last close

P/S1.4x
P/E36.7x
P/FCF16.5x
EV/EBITDA8.2x
Dividend yield—
Diluted EPS0.85

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $298.3M$254.7M$279.1M———————
Gross profit $54.8M$29.1M$36.8M$141.4M$55.8M$10.5M$43.5M$38.3M$11.9M-$26.8M
SG&A $36.7M$33.0M$32.4M$31.8M$24.0M$25.5M$23.6M$20.4M$18.9M$20.0M
Operating income $10.7M-$19.9M-$44.0M$95.4M$32.3M-$23.2M$16.4M$15.5M-$14.1M-$55.3M
Interest expense $232.0K$112.0K$0$101.0K$1.5M$4.3M$3.0M$3.9M$11.7M$11.6M
Pre-tax income $11.7M-$18.5M-$44.1M$96.5M$41.0M-$27.1M$13.7M$11.9M-$25.4M-$65.5M
Income tax $544.0K$194.3M$8.4M$24.3M$208.9M$5.0K$53.0K$108.0K$2.8M$1.4M
Net income $11.2M-$212.8M-$35.7M$72.2M$249.8M—————
EPS, basic 0.86-16.53-2.805.4919.07-2.091.060.92-0.20-0.85
EPS, diluted 0.85-16.53-2.805.3718.66-2.091.040.90-0.20-0.85
Shares, diluted (wtd. avg.) 13.2M12.9M12.8M13.5M13.4M13.0M13.1M13.1M115.7M75.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $83.5M$41.3M$4.1M$19.1M$37.1M$20.2M$21.2M$33.7M$1.5M$8.5M
Short-term investments —————————$0
Receivables $33.8M$22.5M$22.1M$26.7M$35.4M$22.5M$23.7M$25.2M$17.8M$10.3M
Inventory $112.3M$113.0M$114.3M$114.8M$78.9M$88.7M$94.2M$82.0M$83.1M$94.4M
Total current assets $235.1M$183.8M$152.0M$171.7M$156.8M$135.8M$145.3M$145.4M$111.5M$123.7M
Property, plant and equipment $334.8M$344.3M$358.2M$375.6M$341.1M$355.5M$378.5M$346.2M$364.5M$388.5M
Total assets $632.2M$594.5M$768.6M$794.2M$766.9M$550.2M$578.4M$525.2M$510.6M$540.9M
Short-term debt ————$0$10.0M$20.0M$0$10.0M—
Total current liabilities $53.7M$38.0M$46.6M$48.9M$73.4M$67.2M$87.4M$34.8M$37.5M$24.1M
Long-term debt ——————$29.8M$49.6M$49.4M$133.4M
Total liabilities $140.8M$120.1M$84.1M$79.1M$103.5M$138.9M$143.8M$108.0M$108.5M$177.5M
Retained earnings -$160.9M-$172.1M$40.8M$76.5M$4.2M-$245.6M-$218.4M-$232.1M-$243.9M-$220.4M
Total equity $491.4M$474.4M$684.4M$715.1M$663.4M$411.3M$434.7M$417.3M$402.1M$362.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $55.8M$72.5M$43.2M$88.8M$79.1M$31.1M$49.4M$64.2M$16.7M-$14.7M
Depreciation and amortisation $40.6M$37.7M$39.4M$35.0M$36.0M$36.1M$34.3M$32.2M$33.2M$40.9M
Stock-based compensation $5.1M$3.6M$6.5M$6.2M$3.0M$3.8M$4.3M$4.2M$3.6M$3.6M
Capital expenditure $30.2M$38.7M$65.1M$68.7M$19.8M$16.4M$63.8M$16.9M$13.5M$17.9M
Investing cash flow -$13.3M-$29.5M-$59.6M-$79.2M-$14.8M-$15.2M-$80.6M-$16.8M-$7.9M$32.5M
Financing cash flow -$276.0K-$5.7M$1.9M-$27.7M-$47.3M-$17.0M$18.8M-$15.3M-$15.8M-$19.1M
Buybacks —$0$0$22.0M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015363.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M Gross profit, FY2016: -26.8M Gross profit, FY2017: 11.9M Gross profit, FY2018: 38.3M Gross profit, FY2019: 43.5M Gross profit, FY2020: 10.5M Gross profit, FY2021: 55.8M Net income, FY2021: 249.8M Gross profit, FY2022: 141.4M Net income, FY2022: 72.2M Revenue, FY2023: 279.1M Gross profit, FY2023: 36.8M Net income, FY2023: -35.7M Revenue, FY2024: 254.7M Gross profit, FY2024: 29.1M Net income, FY2024: -212.8M Revenue, FY2025: 298.3M Gross profit, FY2025: 54.8M Net income, FY2025: 11.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — $279.1M $254.7M $298.3M
Gross profit -$26.8M $11.9M $38.3M $43.5M $10.5M $55.8M $141.4M $36.8M $29.1M $54.8M
Net income — — — — — $249.8M $72.2M -$35.7M -$212.8M $11.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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