What is Intrepid Potash's work in process?

Intrepid Potash (IPI) reported work in process of $26.36M in Q1 2026.

How has Intrepid Potash's work in process changed year-over-year?

Intrepid Potash's work in process increased by 8.1% year-over-year, from $24.38M to $26.36M.

What is the long-term trend for Intrepid Potash's work in process?

Over 5 years (2020 to 2025), Intrepid Potash's work in process has grown at a 2.6% compound annual growth rate (CAGR), from $28.83M to $32.74M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Intrepid Potash IPI Work in process

Work in process at other companies

Compass Minerals InternationalCMP

$5.9M—

MosaicMOS

$1.13B+11.3%

Minerals TechnologiesMTX

$11.2M-28.2%

TETRA TechnologiesTTI

$1.91M—

Patterson-UTI EnergyPTEN

$6.03M-10.7%

Other financials

Income statement

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Revenue$98.7M+4.4%

Gross profit$17.7M+32.7%

Operating income$6.2M+68.2%

Net income$7.4M+61.1%

EPS (diluted)$0.56+60.0%

Balance sheet

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Cash & equivalents$99.9M+119%

Total debt$3.7M-2.5%

Total equity$498.2M+3.9%

Total assets$641.5M+6.7%

Cash flow

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Operating cash flow$23.2M+112%

CapEx$5.1M-33.0%

Free cash flow$18.0M+454%

Valuation

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Market cap$455.78M-6.9%

Enterprise value$359.6M-19.7%

P/E31.6×—

P/S1.4×+0.4×

Profitability

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Gross margin12.6%+2.7pp

Operating margin-4.1%-1.8pp

Net margin-71.8%-100pp

FCF margin10.3%—

Returns & leverage

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Return on equity3%+1.5pp

Debt / equity0×0.0×

Current ratio5.3×+0.1×

Where this comes from

Reported directly by Intrepid Potash in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Intrepid Potash’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intrepid Potash's work in process?: Intrepid Potash (IPI) reported work in process of $26.36M in Q1 2026.
How has Intrepid Potash's work in process changed year-over-year?: Intrepid Potash's work in process increased by 8.1% year-over-year, from $24.38M to $26.36M.
What is the long-term trend for Intrepid Potash's work in process?: Over 5 years (2020 to 2025), Intrepid Potash's work in process has grown at a 2.6% compound annual growth rate (CAGR), from $28.83M to $32.74M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.