Quarterly ResultMay 14, 2026, 06:46 AM
Idaho Strategic Q1 Revenue $14.48M; Net Income $6.39M; EPS $0.40
AI Summary
Idaho Strategic Resources reported a strong first quarter for 2026, with revenue nearly doubling and net income attributable to the company soaring by 297% compared to the same period last year. The company significantly increased its cash and cash equivalents, driven by robust operating cash flows. Strategic financial moves included the sale of equity securities and mutual funds, with subsequent reinvestment into US treasury notes, and the acquisition of a new mineral property.
Key Highlights
- Idaho Strategic Resources reported Q1 2026 revenue of $14.48 million, a 99% increase from $7.28 million in Q1 2025.
- Net income attributable to Idaho Strategic Resources surged 297% to $6.39 million ($0.40 EPS) in Q1 2026, up from $1.61 million ($0.12 EPS) in Q1 2025.
- Cash and cash equivalents increased to $20.79 million as of March 31, 2026, from $9.89 million at December 31, 2025.
- Net cash provided by operating activities was $8.79 million in Q1 2026, a significant increase from $2.41 million in Q1 2025.
- The company sold investments in equity securities and mutual funds for $7.78 million, realizing a loss of $194,149.
- Idaho Strategic issued 36,976 common shares for $1.78 million and 17,500 shares for $201,250 from stock options.
- The company purchased the Silver Prospect mineral property for $202,405.
- Subsequent to quarter-end, Idaho Strategic invested approximately $8 million of cash into US treasury notes.