Intrepid Potash Inc Financials

IPI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Intrepid Potash Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-0.34x

For every $1 of reported earnings, Intrepid Potash Inc generates $-0.34 in operating cash flow ($72.5M OCF vs -$212.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-177.3x

Intrepid Potash Inc earns $-177.3 in operating income for every $1 of interest expense (-$19.9M vs $112K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Intrepid Potash Inc (IPI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

N/A

EBITDA

$17.8M

YoY+490.3%

5Y CAGR-18.9%

10Y CAGR-15.5%

Intrepid Potash Inc's EBITDA was $17.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 490.3% from the prior year.

Free Cash Flow

$33.8M

YoY+254.8%

10Y CAGR-6.4%

Intrepid Potash Inc generated $33.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 254.8% from the prior year.

Net Income

-$212.8M

YoY-496.7%

Intrepid Potash Inc reported -$212.8M in net income in fiscal year 2024. This represents a decrease of 496.7% from the prior year.

EPS (Diluted)

$-16.53

YoY-490.4%

Intrepid Potash Inc earned $-16.53 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 490.4% from the prior year.

Cash & Debt

$41.3M

YoY+914.7%

5Y CAGR+14.9%

10Y CAGR-4.8%

Intrepid Potash Inc held $41.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

13M

YoY+0.8%

5Y CAGR-0.1%

Intrepid Potash Inc had 13M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

Intrepid Potash Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$38.7M

YoY-40.5%

5Y CAGR-9.5%

10Y CAGR-4.6%

Intrepid Potash Inc invested $38.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 40.5% from the prior year.

IPI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$29.1M-21.1%	$36.8M-73.9%	$141.4M+153.6%	$55.8M+429.6%	$10.5M-75.8%	$43.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$33.0M+1.7%	$32.4M+2.0%	$31.8M+32.5%	$24.0M-5.8%	$25.5M+8.2%	$23.6M
Operating Income	-$19.9M+54.8%	-$44.0M-146.1%	$95.4M+195.7%	$32.3M+238.8%	-$23.2M-242.1%	$16.4M
Interest Expense	$112K	$0-100.0%	$101K-93.1%	$1.5M-65.8%	$4.3M+41.5%	$3.0M
Income Tax	$194.3M+2416.5%	-$8.4M-134.5%	$24.3M+111.6%	-$208.9M-4177480.0%	$5K-90.6%	$53K
Net Income	-$212.8M-496.7%	-$35.7M-149.4%	$72.2M-71.1%	$249.8M+1020.1%	-$27.2M-299.2%	$13.6M
EPS (Diluted)	$-16.53-490.4%	$-2.80-152.1%	$5.37-71.2%	$18.66+992.8%	$-2.09-301.0%	$1.04

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$10.6M-26.0%	$14.3M-2.2%	$14.6M+88.9%	$7.7M+1.4%	$7.6M+18.5%	$6.4M	N/A	$491K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.0M+0.3%	$9.0M-2.0%	$9.2M0.0%	$9.2M+15.3%	$7.9M-5.0%	$8.4M	N/A	$7.7M
Operating Income	$3.3M+1.1%	$3.3M-34.1%	$5.0M+324.8%	-$2.2M-36.5%	-$1.6M+62.2%	-$4.3M	N/A	-$9.2M
Interest Expense	$36K-45.5%	$66K-37.1%	$105K	$0	$0	$0	N/A	$0
Income Tax	$264K+780.0%	$30K-84.7%	$196K+2900.0%	-$7K+97.7%	-$304K+60.8%	-$775K	N/A	-$1.9M
Net Income	$3.7M+14.8%	$3.3M-29.2%	$4.6M+351.3%	-$1.8M-120.0%	-$833K+73.4%	-$3.1M	N/A	-$7.2M
EPS (Diluted)	$0.28+12.0%	$0.25-28.6%	$0.35+350.0%	$-0.14-133.3%	$-0.06+75.0%	$-0.24	N/A	$-0.56

IPI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$594.5M-22.6%	$768.6M-3.2%	$794.2M+3.6%	$766.9M+39.4%	$550.2M-4.9%	$578.4M
Current Assets	$183.8M+20.9%	$152.0M-11.4%	$171.7M+9.5%	$156.8M+15.5%	$135.8M-6.6%	$145.3M
Cash & Equivalents	$41.3M+914.7%	$4.1M-78.0%	$18.5M-49.2%	$36.5M+86.8%	$19.5M-5.3%	$20.6M
Inventory	$113.0M-1.1%	$114.3M-0.5%	$114.8M+45.6%	$78.9M-11.1%	$88.7M-5.9%	$94.2M
Accounts Receivable	$22.5M+1.8%	$22.1M-17.4%	$26.7M-24.5%	$35.4M+57.3%	$22.5M-5.2%	$23.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$120.1M+42.8%	$84.1M+6.3%	$79.1M-23.5%	$103.5M-25.5%	$138.9M-3.4%	$143.8M
Current Liabilities	$38.0M-18.4%	$46.6M-4.7%	$48.9M-33.4%	$73.4M+9.2%	$67.2M-23.1%	$87.4M
Long-Term Debt	N/A	N/A	N/A	N/A	$14.9M-49.8%	$29.8M
Total Equity	$474.4M-30.7%	$684.4M-4.3%	$715.1M+7.8%	$663.4M+61.3%	$411.3M-5.4%	$434.7M
Retained Earnings	-$172.1M-521.8%	$40.8M-46.7%	$76.5M+1702.1%	$4.2M+101.7%	-$245.6M-12.4%	-$218.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$616.5M+1.5%	$607.2M+1.0%	$601.3M+1.1%	$594.5M-25.4%	$797.0M-0.7%	$802.6M+4.4%	$768.6M-3.1%	$792.8M
Current Assets	$221.5M+4.7%	$211.6M+6.4%	$198.9M+8.2%	$183.8M+0.3%	$183.2M-2.6%	$188.1M+23.7%	$152.0M+3.7%	$146.6M
Cash & Equivalents	$77.2M-9.2%	$85.0M+86.2%	$45.7M+10.6%	$41.3M-20.0%	$51.7M+51.7%	$34.1M+736.8%	$4.1M+45.9%	$2.8M
Inventory	$110.9M+10.6%	$100.2M+2.1%	$98.1M-13.2%	$113.0M+10.8%	$101.9M-0.6%	$102.5M-10.2%	$114.3M+5.4%	$108.4M
Accounts Receivable	$25.0M+20.6%	$20.7M-56.6%	$47.8M+113.0%	$22.5M+3.9%	$21.6M-48.3%	$41.8M+89.5%	$22.1M-8.4%	$24.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$125.8M+2.0%	$123.3M+1.2%	$121.8M+1.4%	$120.1M+4.7%	$114.7M-4.9%	$120.6M+43.3%	$84.1M+16.3%	$72.4M
Current Liabilities	$42.2M+5.4%	$40.1M+4.1%	$38.5M+1.3%	$38.0M+13.6%	$33.4M-15.2%	$39.5M-15.3%	$46.6M+21.9%	$38.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$490.7M+1.4%	$483.8M+0.9%	$479.5M+1.1%	$474.4M-30.5%	$682.2M0.0%	$682.0M-0.4%	$684.4M-5.0%	$720.4M
Retained Earnings	-$160.4M+2.3%	-$164.2M+1.9%	-$167.4M+2.7%	-$172.1M-567.2%	$36.8M-2.2%	$37.7M-7.7%	$40.8M-47.8%	$78.1M

IPI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$72.5M+67.7%	$43.2M-51.3%	$88.8M+12.3%	$79.1M+153.9%	$31.1M-36.9%	$49.4M
Capital Expenditures	$38.7M-40.5%	$65.1M-5.3%	$68.7M+247.1%	$19.8M+20.3%	$16.4M-74.2%	$63.8M
Free Cash Flow	$33.8M+254.8%	-$21.8M-208.5%	$20.1M-66.0%	$59.3M+303.2%	$14.7M+201.7%	-$14.5M
Investing Cash Flow	-$29.5M+50.4%	-$59.6M+24.8%	-$79.2M-434.2%	-$14.8M+2.2%	-$15.2M+81.2%	-$80.6M
Financing Cash Flow	-$5.7M-402.2%	$1.9M+106.8%	-$27.7M+41.4%	-$47.3M-177.4%	-$17.0M-190.7%	$18.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0-100.0%	$22.0M	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$4.0M-110.0%	$39.9M+265.9%	$10.9M+44.4%	$7.6M-72.8%	$27.7M-33.2%	$41.5M+802.1%	$4.6M+1525.4%	-$323K
Capital Expenditures	$7.7M+87.3%	$4.1M-50.0%	$8.3M+35.1%	$6.1M-45.8%	$11.3M-3.2%	$11.7M+77.5%	$6.6M-60.3%	$16.6M
Free Cash Flow	-$11.7M-132.8%	$35.8M+1253.7%	$2.6M+84.2%	$1.4M-91.3%	$16.4M-44.9%	$29.9M+1614.1%	-$2.0M+88.3%	-$16.9M
Investing Cash Flow	-$5.4M-4043.8%	-$130K+97.7%	-$5.7M-41.0%	-$4.0M+59.1%	-$9.8M-49.5%	-$6.6M-32.9%	-$4.9M+68.8%	-$15.9M
Financing Cash Flow	$1.5M+456.1%	-$431K+51.4%	-$887K-238.5%	-$262K+17.6%	-$318K+93.6%	-$5.0M-404.5%	$1.6M-10.1%	$1.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A

IPI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	10.1%-27.6pp	37.7%	N/A	3.1%
Return on Assets	-35.8%-31.2pp	-4.6%-13.7pp	9.1%-23.5pp	32.6%+37.5pp	-4.9%-7.3pp	2.4%
Current Ratio	4.84+1.6	3.27-0.2	3.51+1.4	2.14+0.1	2.02+0.4	1.66
Debt-to-Equity	0.25+0.1	0.12+0.0	0.11-0.0	0.16+0.1	0.04-0.0	0.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	0.8%+0.1pp	0.7%-0.3pp	1.0%	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.6%+0.1pp	0.5%-0.2pp	0.8%+1.0pp	-0.2%-0.1pp	-0.1%+0.3pp	-0.4%	N/A	-0.9%
Current Ratio	5.24-0.0	5.28+0.1	5.17+0.3	4.84-0.6	5.48+0.7	4.77+1.5	3.27-0.6	3.84
Debt-to-Equity	0.260.0	0.250.0	0.250.0	0.25+0.1	0.170.0	0.18+0.1	0.12+0.0	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Intrepid Potash Inc profitable?

No, Intrepid Potash Inc (IPI) reported a net income of -$212.8M in fiscal year 2024.

What is Intrepid Potash Inc's earnings per share (EPS)?

Intrepid Potash Inc (IPI) reported diluted earnings per share of $-16.53 for fiscal year 2024. This represents a -490.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Intrepid Potash Inc's EBITDA?

Intrepid Potash Inc (IPI) had EBITDA of $17.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Intrepid Potash Inc's free cash flow?

Intrepid Potash Inc (IPI) generated $33.8M in free cash flow during fiscal year 2024. This represents a 254.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Intrepid Potash Inc's operating cash flow?

Intrepid Potash Inc (IPI) generated $72.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Intrepid Potash Inc's total assets?

Intrepid Potash Inc (IPI) had $594.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Intrepid Potash Inc's capital expenditures?

Intrepid Potash Inc (IPI) invested $38.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Intrepid Potash Inc have outstanding?

Intrepid Potash Inc (IPI) had 13M shares outstanding as of fiscal year 2024.

What is Intrepid Potash Inc's current ratio?

Intrepid Potash Inc (IPI) had a current ratio of 4.84 as of fiscal year 2024, which is generally considered healthy.

What is Intrepid Potash Inc's debt-to-equity ratio?

Intrepid Potash Inc (IPI) had a debt-to-equity ratio of 0.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Intrepid Potash Inc's return on assets (ROA)?

Intrepid Potash Inc (IPI) had a return on assets of -35.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Intrepid Potash Inc's Piotroski F-Score?

Intrepid Potash Inc (IPI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Intrepid Potash Inc's earnings high quality?

Intrepid Potash Inc (IPI) has an earnings quality ratio of -0.34x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Intrepid Potash Inc cover its interest payments?

Intrepid Potash Inc (IPI) has an interest coverage ratio of -177.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.