Idaho Strategic Resources, Inc.
IDR Basic Materials Gold
Idaho Strategic Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $42.4 million, up 64.6% from fiscal 2024. In the quarter to June 2026, revenue grew 13.3%, EPS grew 15.0%, free cash flow fell 295.0% and total debt fell 36.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Idaho Strategic Resources, Inc. (IDR) Altman Z-score
Idaho Strategic Resources, Inc.'s Altman Z-score for fiscal 2025 is 66.32, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 66.32 | 43.04 |
| FY2024 | 23.28 | 9.56 |
| FY2023 | 13.72 | 2.47 |
| FY2022 | 11.25 | 3.16 |
| FY2021 | 8.09 | 2.99 |
| FY2020 | 5.10 | 1.71 |
| FY2019 | 3.39 | (3.42) |
| FY2018 | 6.81 | 4.29 |
| FY2017 | 2.52 | 3.19 |
| FY2016 | −0.67 | (1.16) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.41 | — | 0.49 | |
| Retained earnings / total assets | 0.07 | — | 0.10 | |
| EBIT / total assets | 0.13 | — | 0.44 | |
| Market value of equity / total liabilities | 108.19 | — | 64.92 | |
| Sales / total assets | 0.36 | — | 0.36 | |
| Altman Z-score | Safe zone | 66.32 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 25.39 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IDR Idaho Strategic Resources, Inc. | 66.3× |
| CMCL Caledonia Mining Corporation PLC compare | 3.8× |
| NFGC New Found Gold Corp. compare | 3.8× |
| TRX TRX Gold Corporation compare | 1.0× |
| GAU Galiano Gold Inc. compare | 0.7× |
| USAU US Gold Corp compare | −1.8× |
| CTGO Contango Silver & Gold Inc. compare | — |
| GLDG GoldMining Inc. compare | — |
| THM International Tower Hill Mines Ltd compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets