The company has achieved significant operational scaling, delivering a 52.4% operating margin in 2026Q1 alongside a 99.0% year-over-year revenue growth rate.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Sales/Revenue | 49.61M | 42.41M | 25.77M | 13.66M | 9.58M | 7.63M | 5.67M | 6.12M | 3.63M | 4.28M | 544.75K | 1.89M | 92.54K | 113.7K | 904.3K | 1.45M | 204.74K | 450.88K | 50.56K | 99.95K | 339.08K | 261.29K | 0 | 0 | 5.61K | 8.18K | 8.83K | -789 | 6.01K |
| Revenue Growth % | 82.76% | 64.59% | 88.66% | 42.55% | 25.55% | 34.46% | -7.26% | 68.59% | -15.22% | 685.97% | -71.2% | 1943.67% | -18.61% | -87.43% | -37.77% | 609.78% | -54.59% | 791.8% | -49.42% | -70.52% | 29.77% | - | - | -100% | -31.35% | -7.39% | 1218.88% | -113.13% | - |
| Cost of Goods Sold | 26.56M | 23.84M | 12.81M | 9.69M | 7.04M | 7.14M | 5.61M | 5.38M | 4.36M | 3.09M | 445.34K | 1.41M | 356.67K | 180.75K | 438.44K | 695.72K | 183.24K | 406.35K | 184.16K | 697.48K | 653.5K | 374.72K | 517.01K | 110.84K | 10.54K | 0 | 0 | -24.82K | 5.25K |
| COGS % of Revenue | - | 56.21% | 49.74% | 70.97% | 73.51% | 93.61% | 98.81% | 87.93% | 120.03% | 72.23% | 81.75% | 74.78% | 385.43% | 158.97% | 48.48% | 47.88% | 89.5% | 90.12% | 364.25% | 697.8% | 192.73% | 143.41% | - | - | 187.83% | - | - | 3146.39% | 87.34% |
| Gross Profit | 23.05M | 18.57M | 12.95M | 3.97M | 2.54M | 487.88K | 67.55K | 738.55K | -726.88K | 1.19M | 99.41K | 476.88K | -264.13K | -67.05K | 465.86K | 757.46K | 21.5K | 44.53K | -133.6K | -597.53K | -314.43K | -113.43K | -517.01K | -110.84K | -4.93K | 8.18K | 8.83K | 24.04K | 761 |
| Gross Margin % | 46.45% | 43.79% | 50.26% | 29.03% | 26.49% | 6.39% | 1.19% | 12.07% | -20.03% | 27.77% | 18.25% | 25.22% | -285.43% | -58.97% | 51.52% | 52.12% | 10.5% | 9.88% | -264.25% | -597.8% | -92.73% | -43.41% | - | - | -87.83% | 100% | 100% | -3046.39% | 12.66% |
| Gross Profit Growth % | - | 43.38% | 226.62% | 56.23% | 420.21% | 622.29% | -90.85% | 201.61% | -161.13% | 1096.05% | -79.15% | 280.54% | -293.93% | -114.39% | -38.5% | 3423.73% | -51.73% | 133.33% | 77.64% | -90.04% | -177.2% | 78.06% | -366.44% | -2148.3% | -160.3% | -7.39% | -63.27% | 3058.48% | - |
| Operating Expenses | 920.74K | 2.62M | 4.52M | 2.95M | 5.09M | 3.55M | 1.06M | 1.09M | -1.55M | 819.66K | 1.11M | 920.95K | 1.2M | 722.87K | 296.82K | 478.2K | 435.76K | 681.24K | 1.35M | 921.34K | 750.02K | 511.84K | 408.21K | 348.09K | 36.37K | 12.02K | 5.91K | 355 | 68 |
| OpEx % of Revenue | - | 6.19% | 17.56% | 21.62% | 53.13% | 46.5% | 18.73% | 17.83% | -42.74% | 19.14% | 202.96% | 48.7% | 1295.6% | 635.77% | 32.82% | 32.91% | 212.84% | 151.09% | 2671.41% | 921.77% | 221.19% | 195.89% | - | - | 648.01% | 146.97% | 66.9% | -44.99% | 1.13% |
| Selling, General & Admin | -197.73K | 1.68M | 763.04K | 1.44M | 1.6M | 1.61M | 580.33K | 722.83K | 578.96K | 891.51K | 714.85K | 473.46K | 396.93K | 168.92K | 241.76K | 478.2K | 435.76K | 681.23K | 822.08K | 761.57K | 627.23K | 454.05K | 408.21K | 85.66K | 30.76K | 12.02K | 5.91K | 0 | 0 |
| SG&A % of Revenue | - | 3.96% | 2.96% | 10.56% | 16.75% | 21.13% | 10.23% | 11.81% | 15.95% | 20.82% | 131.22% | 25.04% | 428.94% | 148.56% | 26.74% | 32.91% | 212.84% | 151.09% | 1625.98% | 761.92% | 184.98% | 173.77% | - | - | 548.01% | 146.97% | 66.9% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 974.06K | 945.58K | 3.76M | 1.51M | 3.49M | 1.94M | 482.32K | 368.41K | -2.33M | 0 | 0 | 447.48K | 802K | 553.96K | 0 | 0 | 132.81K | 206.2K | 528.56K | 159.77K | 122.79K | 57.79K | 0 | 262.43K | 5.61K | 0 | 0 | 355 | 68 |
| Operating Income | 22.13M | 15.94M | 8.43M | 1.01M | -2.55M | -3.06M | -995.11K | -686.02K | 824.44K | 297.51K | -1.03M | -444.07K | -1.46M | -789.92K | 88.55K | 174.47K | -547.08K | -842.9K | -1.46M | -1.52M | -1.06M | -625.27K | -925.22K | -382.04K | -41.3K | -3.84K | 2.92K | -1.14K | 5.94K |
| Operating Margin % | 44.6% | 37.6% | 32.7% | 7.41% | -26.64% | -40.11% | -17.54% | -11.21% | 22.71% | 6.95% | -189.02% | -23.48% | -1581.03% | -694.74% | 9.79% | 12.01% | -267.21% | -186.94% | -2888.74% | -1519.57% | -313.92% | -239.3% | - | - | -735.85% | -46.97% | 33.1% | 144.99% | 98.87% |
| Operating Income Growth % | - | 89.25% | 732.26% | 139.67% | 16.6% | -207.53% | -45.05% | -183.21% | 177.11% | 128.89% | -131.87% | 69.65% | -85.21% | -992.04% | -49.25% | 131.89% | 35.1% | 42.29% | 3.84% | -42.69% | -70.24% | 32.42% | -142.18% | -824.96% | -975.6% | -231.42% | 355.42% | -119.26% | - |
| EBITDA | 24.65M | 18.3M | 10.38M | 2.5M | -1.56M | -2.25M | -409.8K | -106.02K | 1.2M | 462.01K | -999.47K | -293.7K | -1.42M | -691.72K | 232.95K | 268.41K | -487.39K | -717.43K | -1.26M | -1.36M | -941.66K | -567.48K | -919.24K | -282.95K | -41.3K | -1.23K | 2.92K | -1.14K | 5.94K |
| EBITDA Margin % | 49.69% | 43.16% | 40.28% | 18.27% | -16.24% | -29.43% | -7.22% | -1.73% | 32.96% | 10.79% | -183.47% | -15.53% | -1530.94% | -608.36% | 25.76% | 18.47% | -238.06% | -159.12% | -2484.69% | -1359.73% | -277.71% | -217.18% | - | - | -735.85% | -15.07% | 33.1% | 144.99% | 98.87% |
| EBITDA Growth % | 154.52% | 76.35% | 315.98% | 260.4% | 30.74% | -448.03% | -286.53% | -108.86% | 158.93% | 146.23% | -240.3% | 79.27% | -104.81% | -396.94% | -13.21% | 155.07% | 32.06% | 42.89% | 7.57% | -44.33% | -65.94% | 38.27% | -224.88% | -585.05% | -3252.52% | -142.16% | 355.42% | -119.26% | - |
| D&A (Non-Cash Add-back) | 2.53M | 2.36M | 1.95M | 1.48M | 996.77K | 814.42K | 585.3K | 580K | 371.84K | 164.5K | 30.19K | 150.37K | 46.36K | 98.21K | 144.39K | 93.93K | 59.69K | 125.47K | 204.28K | 159.77K | 122.79K | 57.79K | 0 | 99.09K | 0 | 2.61K | 0 | 0 | 0 |
| EBIT | 21.93M | 15.94M | 8.84M | 1.12M | -2.53M | -3.05M | -588.76K | -641.74K | 835.97K | 86.05K | -1.2M | -232.01K | -1.42M | -743.36K | -713.9K | 174.47K | -547.08K | -842.9K | -1.44M | -1.52M | -1.06M | -625.27K | -919.24K | 0 | -41.3K | -3.84K | 2.92K | -1.14K | 5.94K |
| Net Interest Income | 206.62K | 1.28M | 306.22K | 41.29K | -90.38K | -208.19K | -149.48K | -51.75K | -56.18K | -106.63K | -152.26K | -44.82K | -15.44K | -55.37K | -21.59K | 921 | -9.5K | -20.6K | 12.12K | -343 | -5.17K | -7.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 206.62K | 1.28M | 389.52K | 85.49K | 12.45K | 146 | 1.7K | 33.02K | 27.51K | 8.75K | 12.44K | 5.25K | 1.86K | 256 | 382 | 921 | 887 | 651 | 15.37K | 26.97K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 83.3K | 44.2K | 102.83K | 208.34K | 151.18K | 84.77K | 83.69K | 115.38K | 164.71K | 50.07K | 17.29K | 55.62K | 21.97K | 0 | 10.38K | 21.25K | 3.25K | 27.31K | 5.17K | 7.52K | -2.66K | 65.14K | 0 | 2.61K | 23.41K | 0 | 0 |
| Other Income/Expense | 1.07M | 1.11M | 327.84K | 61.08K | -78.86K | -200.07K | 255.17K | -40.48K | -72.16K | -319.64K | -331.34K | 161.98K | 26.93K | -9.05K | -824.42K | -650.37K | 6.25K | -7.89K | 36.69K | 65.6K | 72.84K | 42.3K | 2.66K | -65.14K | -10K | -2.61K | -23.41K | 1.14K | -5.94K |
| Pretax Income | 23.19M | 17.06M | 8.75M | 1.07M | -2.63M | -3.26M | -739.94K | -726.51K | 752.28K | -22.12K | -1.36M | -282.09K | -1.44M | -798.98K | -735.87K | -475.89K | -540.83K | -850.79K | -1.42M | -1.45M | -991.6K | -582.97K | -922.55K | -447.17K | -51.31K | -6.45K | -20.49K | 0 | 0 |
| Pretax Margin % | 46.75% | 40.22% | 33.97% | 7.86% | -27.46% | -42.73% | -13.04% | -11.87% | 20.72% | -0.52% | -249.84% | -14.92% | -1551.93% | -702.7% | -81.37% | -32.75% | -264.16% | -188.69% | -2816.17% | -1453.94% | -292.44% | -223.11% | - | - | -914.07% | -78.86% | -232.13% | - | - |
| Income Tax | 1.79M | 426.15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 343 | 5.17K | 7.52K | -2.66K | -67.9K | -15.62K | 0 | 0 | 1.14K | 5.93K |
| Effective Tax Rate % | 7.7% | 2.5% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0.02% | -0.52% | -1.29% | 0.29% | 15.18% | 30.44% | 0% | 0% | - | - |
| Net Income | 21.41M | 16.72M | 8.84M | 1.16M | -2.54M | -3.16M | -642.88K | -609.61K | 830.01K | 39.15K | -1.38M | -245.77K | -1.43M | -792.17K | -722.89K | -473.08K | -540.83K | -850.79K | -1.42M | -1.45M | -991.6K | -590.49K | -922.55K | -379.27K | -35.69K | -6.45K | -20.49K | -1.14K | -5.93K |
| Net Margin % | 43.16% | 39.42% | 34.3% | 8.48% | -26.47% | -41.42% | -11.33% | -9.96% | 22.87% | 0.91% | -252.72% | -13% | -1549.24% | -696.72% | -79.94% | -32.56% | -264.16% | -188.69% | -2816.17% | -1453.94% | -292.44% | -225.99% | - | - | -635.85% | -78.86% | -232.13% | 144.99% | -98.75% |
| Net Income Growth % | 158.75% | 89.16% | 663.27% | 145.66% | 19.77% | -391.57% | -5.46% | -173.45% | 2019.87% | 102.84% | -460.16% | 82.86% | -80.97% | -9.58% | -52.8% | 12.53% | 36.43% | 40.25% | 2.03% | -46.56% | -67.93% | 35.99% | -143.24% | -962.69% | -453.5% | 68.53% | -1691.26% | 80.72% | - |
| Net Income (Continuing) | 21.41M | 16.63M | 8.75M | 1.07M | -2.63M | -3.26M | -739.94K | -726.51K | 752.28K | -22.12K | -1.36M | -282.09K | -1.44M | -798.98K | -735.87K | -475.89K | -540.83K | -850.79K | -1.42M | -1.45M | -991.6K | -590.49K | -922.55K | -379.27K | -35.69K | -6.45K | -20.49K | -1.14K | -5.93K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.66M | 2.67M | 2.73M | 2.78M | 2.84M | 2.89M | 2.95M | 3M | 3.07M | 3.11M | 3.14M | 3.21M | 3.25M | 3.18M | 3.15M | 2.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.34 | 1.14 | 0.67 | 0.09 | -0.22 | -0.31 | -0.07 | -0.07 | 0.10 | 0.00 | -0.20 | -0.04 | -0.22 | -0.24 | -0.22 | -0.15 | -0.18 | -0.32 | -0.56 | -0.66 | -0.53 | -0.37 | -0.64 | -0.31 | -0.03 | -0.01 | -0.02 | -0.00 | -0.01 |
| EPS Growth % | 125.81% | 70.15% | 608.99% | 142.95% | 29.03% | -343.49% | -1.3% | -172.63% | - | 102.45% | -433.33% | 82.95% | 8.33% | -9.09% | -46.67% | 16.67% | 43.75% | 42.86% | 15.15% | -24.53% | -43.24% | 42.19% | -106.45% | -788.25% | - | 72.06% | - | - | - |
| EPS (Basic) | - | 1.15 | 0.68 | 0.09 | -0.22 | -0.31 | -0.07 | -0.07 | 0.10 | 0.00 | -0.20 | -0.04 | -0.22 | -0.24 | -0.22 | -0.15 | -0.18 | -0.32 | -0.56 | -0.66 | -0.53 | -0.37 | -0.64 | -0.31 | -0.03 | -0.01 | -0.02 | -0.00 | -0.01 |
| Diluted Shares Outstanding | 15.98M | 14.7M | 13.26M | 12.26M | 11.78M | 10.19M | 9.2M | 8.83M | 8.74M | 8.02M | 6.94M | 6.55M | 6.55M | 3.59M | 3.25M | 3.22M | 3.03M | 2.7M | 2.56M | 2.19M | 1.88M | 1.58M | 1.44M | 1.23M | 1.02M | 928.23K | 830.17K | 822.16K | 822.16K |
| Basic Shares Outstanding | 15.8M | 14.49M | 13.11M | 12.25M | 11.78M | 10.19M | 9.2M | 8.83M | 8.57M | 8.02M | 6.94M | 6.55M | 6.55M | 3.59M | 3.25M | 3.22M | 3.03M | 2.7M | 2.56M | 2.19M | 1.88M | 1.58M | 1.44M | 1.23M | 1.02M | 928.23K | 830.17K | 822.16K | 822.16K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Single asset production dependency
As reported in recent financial statements, IDR has achieved a significant 64.59% year-over-year revenue growth, signaling a successful transition from exploration-focused activities to a high-volume production model at the Golden Chest Mine that appears to be capturing favorable market pricing for its precious metal concentrates.
The consistent quarter-over-quarter revenue expansion suggests that the company is successfully optimizing its throughput and ore grade recovery. Investors should monitor whether this growth trajectory remains sustainable as the mine moves into deeper or potentially lower-grade zones, which could challenge current production volume targets.
Based on the company's reported figures, IDR maintains a robust gross margin profile of 43.79%, which suggests that the firm possesses significant operational efficiency in its milling and extraction processes compared to larger, more geographically dispersed peers operating within the same precious metals sector.
The ability to maintain these margins despite inflationary pressures on labor and energy costs indicates strong control over the cost of goods sold. However, the sensitivity of these margins to head-grade fluctuations warrants caution, as any degradation in ore quality could rapidly compress the current profitability spread.
According to the provided income statement data, IDR demonstrates exceptional operating leverage, with operating income scaling efficiently alongside revenue growth while maintaining a negligible debt-to-equity ratio of 0.02%, effectively insulating the company from the interest rate sensitivity that typically plagues capital-intensive mining operations in the current environment.
The lack of debt service requirements allows the company to reinvest cash flow directly into exploration and infrastructure, providing a distinct competitive advantage. This lean cost structure appears to be a primary driver of the company's ability to outperform peers on a net margin basis.
Analysis of the income statement reveals that net margins of 39.42% have occasionally exceeded operating margins of 37.60%, suggesting that reported earnings may be bolstered by non-operating items or tax adjustments that warrant further investigation to determine the true underlying sustainability of the company's bottom-line performance.
Investors should be wary of relying solely on headline net income, as these non-recurring items may create a misleading impression of operational profitability. A deeper look into the tax and non-operating line items is necessary to confirm whether the current earnings quality is truly reflective of core mining activities.
While current performance is strong, the company's extreme geographic and asset concentration in the Golden Chest Mine represents a significant risk, as any localized regulatory or operational disruption could immediately halt the primary revenue stream and invalidate the current high-margin, low-debt growth narrative presented to investors.
Short-term success in a single jurisdiction does not guarantee long-term viability, especially if the company fails to diversify its production base. The market may be overestimating the durability of these margins if it fails to account for the inherent risks of single-asset dependency in the mining industry.
Quick answers to the most common questions about buying IDR stock.
For fiscal year 2025, Idaho Strategic Resources, Inc. (IDR) reported total revenue of $42.4M. This represents a 705612.3% increase compared to $0.0M in 1998.
Idaho Strategic Resources, Inc. (IDR) is profitable, generating $16.7M in net income for the fiscal year ending 2025 with a net profit margin of 39.4%.
Idaho Strategic Resources, Inc. (IDR) reported an operating income of $15.9M, resulting in an operating profit margin of 37.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Idaho Strategic Resources, Inc. (IDR) generated $18.6M in gross profit for the year, representing a gross profit margin of 43.8%. This demonstrates the company's core pricing power and production efficiency.