Intrepid Potash, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
IPI$33.26+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Cash and cash equivalents | $77,207 | $41,309 |
| Short-term investments | — | 989 |
| Accounts receivable: | ||
| Trade, net | 25,024 | 22,465 |
| Other receivables, net | 3,184 | 763 |
| Inventory, net | 110,860 | 112,968 |
| Prepaid expenses and other current assets | 5,259 | 5,269 |
| Total current assets | 221,534 | 183,763 |
| Property, plant, equipment, and mineral properties, net | 334,150 | 344,338 |
| Water rights | 19,184 | 19,184 |
| Long-term parts inventory, net | 30,423 | 33,775 |
| Long-term investments | 236 | 3,571 |
| Other assets, net | 11,010 | 9,889 |
| Total Assets | $616,537 | $594,520 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | $9,241 | $8,616 |
| Accrued liabilities | 12,516 | 9,483 |
| Accrued employee compensation and benefits | 10,398 | 9,842 |
| Other current liabilities | 10,087 | 10,062 |
| Total current liabilities | 42,242 | 38,003 |
| Asset retirement obligation, net of current portion | 34,326 | 32,354 |
| Operating lease liabilities | 1,790 | 780 |
| Finance lease liabilities | 1,921 | 1,838 |
| Deferred other income, long-term | 43,797 | 45,489 |
| Other non-current liabilities | 1,729 | 1,664 |
| Total Liabilities | 125,805 | 120,128 |
| Commitments and Contingencies | ||
| Common stock, $0.001 par value; 40,000,000 shares authorized; | ||
| 13,116,675 and 12,908,078 shares outstanding | ||
| at September 30, 2025, and December 31, 2024, respectively | 14 | 14 |
| Additional paid-in capital | 673,171 | 668,445 |
| Accumulated deficit | (160,441) | (172,055) |
| Less treasury stock, at cost | (22,012) | (22,012) |
| Total Stockholders' Equity | 490,732 | 474,392 |
| Total Liabilities and Stockholders' Equity | $616,537 | $594,520 |
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