Idaho Strategic Resources (IDR) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 increased 80.1% year-over-year, driven by higher gold prices and increased production volumes.

• Net income for Q3 2025 rose 88.4% year-over-year, with a nine-month net income up 24.4% compared to the prior year.

• Gross profit margin improved to 63.6% in Q3 2025 from 48.7% in Q3 2024, with gross profit up 135.12%.

• Major operational focus remained on the Golden Chest Mine, expansion of rare earth element (REE) exploration, and acquisition of the Toboggan project.

• Completed 9,082 meters of drilling and advanced construction of new facilities, including a flotation mill and paste backfill system.

Financial highlights

• Q3 2025 revenue: $11.1M (Q3 2024: $6.2M); nine-month revenue: $27.8M (2024: $18.2M).

• Q3 2025 net income: $2.97M (Q3 2024: $1.57M); nine-month net income: $7.29M (2024: $5.86M).

• Cash and cash equivalents at period end: $3.78M; total assets: $83.1M.

• Operating cash flow for nine months: $8.36M; net cash from financing: $27.1M.

• Earnings per share (EPS) reached $0.20, up 66.67% from the prior year.

Outlook and guidance

• Management expects continued investment in exploration and development at Golden Chest, REE properties, and the Toboggan project.

• On track to deliver highest annual production and most meters drilled in company history.

• Cash flows and existing cash are considered sufficient for planned operations and obligations over the next 12 months.