Forensic Analysis · Materials / Mining & Chemicals · as of Aug 11, 2026
Idaho Strategic Resources, Inc. (IDR)
A forensic read on Idaho Strategic Resources, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
16.4
Distress distance
Clean
Earnings quality
4
Forensic signals
24.4
P / E (ttm)
15.5%
ROE
$560M
Market cap
64.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Idaho Strategic Resources, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 16.4, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+91.5%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +91.5% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by PP&E up +51% against revenue +65%. This is the fifth straight fiscal year of building accruals — an even longer streak than the 3-year mark that already signals a materially stronger tell. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 3% of net operating assets, diverging from the balance-sheet accrual read.
+7.7%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +25% over the last 3 years to FY2025 (+7.7%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. Note: the share count shows a large one-time jump around FY2022, consistent with a reverse split or bankruptcy reorg rather than gradual buybacks, so the earlier shrinkage doesn't reflect real repurchase discipline. That's ~7.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~20%.
4% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 4% of revenue and 12% of free cash flow in FY2025 — about $0.10 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 7.7% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
12.5%
Key fundamentals
Latest Revenue$42.4M
Revenue Growth YoY+64.6%
Revenue CAGR (3yr)+64.2%
Net Margin39.4%
Free Cash Flow$12.4M
Return on Equity15.5%
Debt / Equity0.02x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Idaho Strategic Resources, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.
FY2025
Return on invested capital.Return on invested capital is 12.5% in the latest fiscal year and rising from -11% — a modest positive spread over its ~8% cost of capital — growth adds value, though not dramatically.
Idaho Strategic Resources, Inc. (IDR) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy