Innovative Payment Solutions Inc Financials

IPSI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

2/9

Innovative Payment Solutions Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.14x

For every $1 of reported earnings, Innovative Payment Solutions Inc generates $0.14 in operating cash flow (-$648K OCF vs -$4.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-15.8x

Innovative Payment Solutions Inc earns $-15.8 in operating income for every $1 of interest expense (-$1.9M vs $119K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Innovative Payment Solutions Inc (IPSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

N/A

EBITDA

-$1.9M

YoY+47.4%

Innovative Payment Solutions Inc's EBITDA was -$1.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.4% from the prior year.

Free Cash Flow

N/A

Net Income

-$4.6M

YoY+22.0%

Innovative Payment Solutions Inc reported -$4.6M in net income in fiscal year 2024. This represents an increase of 22.0% from the prior year.

EPS (Diluted)

$-0.30

YoY+33.3%

Innovative Payment Solutions Inc earned $-0.30 per diluted share (EPS) in fiscal year 2024. This represents an increase of 33.3% from the prior year.

Cash & Debt

$526

YoY-99.0%

5Y CAGR-29.3%

10Y CAGR-44.0%

Innovative Payment Solutions Inc held $526 in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

19M

YoY+38.1%

Innovative Payment Solutions Inc had 19M shares outstanding in fiscal year 2024. This represents an increase of 38.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

IPSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	$410-51.6%	$847	$0	N/A	N/A
Cost of Revenue	N/A	$4K-29.8%	$5K	N/A	N/A	N/A
Gross Profit	N/A	-$3K+25.4%	-$4K	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.9M-47.3%	$3.6M-34.4%	$5.5M-47.0%	$10.3M+490.4%	$1.7M+115.6%	$808K
Operating Income	-$1.9M+52.4%	-$4.0M+29.1%	-$5.6M+45.8%	-$10.3M-487.2%	-$1.8M-117.2%	-$808K
Interest Expense	$119K-62.7%	$320K+64.8%	$194K-12.6%	$222K-39.5%	$367K+95.0%	$188K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.6M+22.0%	-$5.8M+43.3%	-$10.3M+29.0%	-$14.5M-166.0%	-$5.4M-46.0%	-$3.7M
EPS (Diluted)	$-0.30+33.3%	$-0.45+45.8%	$-0.83	$-0.04	N/A	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Revenue	N/A	N/A	$0+100.0%	-$28-660.0%	$5-98.8%	$433	N/A	N/A
Cost of Revenue	N/A	N/A	$791+104.4%	$387+36.3%	$284-86.4%	$2K	N/A	N/A
Gross Profit	N/A	N/A	-$791-90.6%	-$415-48.7%	-$279+83.1%	-$2K	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$366K+23.5%	$296K-64.0%	$823K+10.4%	$746K-29.5%	$1.1M+11.3%	$950K	N/A	$2.7M
Operating Income	-$367K-23.5%	-$297K+64.0%	-$824K+2.6%	-$846K+29.3%	-$1.2M-9.6%	-$1.1M	N/A	-$2.7M
Interest Expense	$61K+115.5%	$28K-73.3%	$107K+27.2%	$84K+20.9%	$69K+16.0%	$60K	N/A	$50K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$22.2M-1185.1%	-$1.7M-25.9%	-$1.4M-35.3%	-$1.0M+68.0%	-$3.2M-1061.1%	-$273K	N/A	-$3.3M
EPS (Diluted)	$-0.06	$-0.15-50.0%	$-0.10-25.0%	$-0.08	$-0.25-1150.0%	$-0.02	N/A	$-0.26

IPSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$384K-52.3%	$805K-70.7%	$2.8M-59.1%	$6.7M+3376.4%	$193K-82.1%	$1.1M
Current Assets	$380K+325.3%	$89K-93.0%	$1.3M-76.9%	$5.5M+5436.3%	$100K+72.3%	$58K
Cash & Equivalents	$526-99.0%	$50K-86.5%	$374K-93.0%	$5.4M+5567.8%	$95K+3079.0%	$3K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$11.0M+30.8%	$8.4M+25.0%	$6.7M+124.2%	$3.0M-35.3%	$4.6M+176.7%	$1.7M
Current Liabilities	$10.8M+31.4%	$8.2M+25.8%	$6.5M+130.9%	$2.8M-36.5%	$4.5M+167.1%	$1.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$10.6M-39.7%	-$7.6M-91.6%	-$4.0M-207.0%	$3.7M+183.4%	-$4.4M-647.0%	-$593K
Retained Earnings	-$62.8M-7.8%	-$58.2M-11.1%	-$52.4M-24.4%	-$42.1M-52.4%	-$27.6M-24.5%	-$22.2M

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Total Assets	$478K+24.5%	$384K-52.3%	$805K+1.2%	$796K-57.0%	$1.9M-23.9%	$2.4M-11.5%	$2.8M-16.2%	$3.3M
Current Assets	$475K+25.2%	$380K+325.3%	$89K+29.7%	$69K-73.0%	$255K+10.3%	$231K-81.9%	$1.3M-14.0%	$1.5M
Cash & Equivalents	$7K+1239.4%	$526-99.0%	$50K+160.0%	$19K-94.8%	$374K+139.8%	$156K-58.3%	$374K-72.3%	$1.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$55.5M+405.6%	$11.0M+30.8%	$8.4M+9.7%	$7.6M-9.7%	$8.5M+34.7%	$6.3M-6.3%	$6.7M+83.3%	$3.7M
Current Liabilities	$55.3M+411.2%	$10.8M+31.4%	$8.2M+10.0%	$7.5M-9.9%	$8.3M+35.6%	$6.1M-6.4%	$6.5M+87.2%	$3.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$55.0M-419.4%	-$10.6M-39.7%	-$7.6M-10.7%	-$6.8M-3.6%	-$6.6M-71.8%	-$3.8M+2.7%	-$4.0M-916.2%	-$389K
Retained Earnings	-$111.1M-77.0%	-$62.8M-7.8%	-$58.2M-2.4%	-$56.9M-1.8%	-$55.8M-6.0%	-$52.7M-0.5%	-$52.4M-8.5%	-$48.3M

IPSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$648K+54.3%	-$1.4M+53.7%	-$3.1M-17.4%	-$2.6M-107.6%	-$1.3M-62.1%	-$775K
Capital Expenditures	N/A	N/A	$43K+366.2%	$9K-81.5%	$50K	N/A
Free Cash Flow	N/A	N/A	-$3.1M-18.6%	-$2.6M-100.4%	-$1.3M	N/A
Investing Cash Flow	-$339K+68.2%	-$1.1M-21.6%	-$876K+25.1%	-$1.2M-2238.1%	-$50K	N/A
Financing Cash Flow	$937K-56.6%	$2.2M+289.7%	-$1.1M-112.5%	$9.1M+553.2%	$1.4M+33.0%	$1.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Operating Cash Flow	-$137K+17.9%	-$167K+49.0%	-$328K-110.3%	-$156K+36.3%	-$245K+64.4%	-$688K+7.2%	-$742K+14.5%	-$868K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$3K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$744K	N/A
Investing Cash Flow	N/A	-$50K-554.5%	$11K+101.4%	-$795K-268.4%	-$216K-233.2%	-$65K+72.6%	-$237K+23.9%	-$311K
Financing Cash Flow	$124K-42.7%	$217K-37.7%	$348K-62.3%	$924K+162.7%	$352K-34.2%	$534K	$0	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IPSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	-765.1%-268.7pp	-496.5%	N/A	N/A	N/A
Operating Margin	N/A	-965883.7%-306004.3pp	-659879.3%	N/A	N/A	N/A
Net Margin	N/A	-1423356.1%-208697.7pp	-1214658.4%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1184.3%-459.6pp	-724.7%-351.0pp	-373.8%-158.4pp	-215.4%+2599.8pp	-2815.2%-2469.2pp	-345.9%
Current Ratio	0.04+0.0	0.01-0.2	0.20-1.8	1.95+1.9	0.02-0.0	0.03
Debt-to-Equity	-1.04+0.1	-1.11+0.6	-1.70-2.5	0.81+1.9	-1.04+1.8	-2.82
FCF Margin	N/A	N/A	-366588.2%	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Gross Margin	N/A	N/A	N/A	N/A	-5580.0%-5198.5pp	-381.5%	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	-23938500.0%-23686239.3pp	-252260.7%	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	-63484340.0%-63421201.4pp	-63138.6%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-4641.4%-4474.8pp	-166.5%+4.0pp	-170.5%-42.9pp	-127.6%+43.8pp	-171.3%-160.1pp	-11.2%	N/A	-100.6%
Current Ratio	0.01-0.0	0.04+0.0	0.010.0	0.01-0.0	0.030.0	0.04-0.2	0.20-0.2	0.43
Debt-to-Equity	-1.01+0.0	-1.04+0.1	-1.110.0	-1.12+0.2	-1.28+0.4	-1.63+0.1	-1.70+7.7	-9.40
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$10.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Innovative Payment Solutions Inc profitable?

No, Innovative Payment Solutions Inc (IPSI) reported a net income of -$4.6M in fiscal year 2024.

What is Innovative Payment Solutions Inc's earnings per share (EPS)?

Innovative Payment Solutions Inc (IPSI) reported diluted earnings per share of $-0.30 for fiscal year 2024. This represents a 33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Innovative Payment Solutions Inc's EBITDA?

Innovative Payment Solutions Inc (IPSI) had EBITDA of -$1.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Innovative Payment Solutions Inc's operating cash flow?

Innovative Payment Solutions Inc (IPSI) generated -$648K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Innovative Payment Solutions Inc's total assets?

Innovative Payment Solutions Inc (IPSI) had $384K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Innovative Payment Solutions Inc have outstanding?

Innovative Payment Solutions Inc (IPSI) had 19M shares outstanding as of fiscal year 2024.

What is Innovative Payment Solutions Inc's current ratio?

Innovative Payment Solutions Inc (IPSI) had a current ratio of 0.04 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Innovative Payment Solutions Inc's debt-to-equity ratio?

Innovative Payment Solutions Inc (IPSI) had a debt-to-equity ratio of -1.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Innovative Payment Solutions Inc's return on assets (ROA)?

Innovative Payment Solutions Inc (IPSI) had a return on assets of -1184.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Innovative Payment Solutions Inc's cash runway?

Based on fiscal year 2024 data, Innovative Payment Solutions Inc (IPSI) had $526 in cash against an annual operating cash burn of $648K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Innovative Payment Solutions Inc's debt-to-equity ratio negative or unusual?

Innovative Payment Solutions Inc (IPSI) has negative shareholder equity of -$10.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Innovative Payment Solutions Inc's Piotroski F-Score?

Innovative Payment Solutions Inc (IPSI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Innovative Payment Solutions Inc's earnings high quality?

Innovative Payment Solutions Inc (IPSI) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Innovative Payment Solutions Inc cover its interest payments?

Innovative Payment Solutions Inc (IPSI) has an interest coverage ratio of -15.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.