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

Innovative Payment Solutions Inc (IPSI) reported diluted earnings per share of $-0.02 for fiscal year 2025. 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.

Innovative Payment Solutions Inc Financials

IPSI

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Innovative Payment Solutions Inc (IPSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI IPSI FY2025 2026-05-15

Innovative Payment Solutions shows a financing-dependent operating model: expenses are shrinking, but operations still rely on outside capital.

In FY2025, financing inflow of $817K slightly exceeded operating cash burn of $788K, indicating routine cash needs were still being met externally. That support arrived as a share-count surge took outstanding shares from 19.1M to 710.9M since FY2024, so the business was being funded more by balance-sheet transactions than by internally generated cash.

The rebound in total assets to $4.3M in FY2025 did not translate into usable liquidity: cash was only $30K, leaving little day-to-day flexibility. With a current ratio near 0.01x, the immediate strain is paying near-term obligations, not just absorbing accumulated losses on paper.

The operating cost base has been cut sharply, with SG&A falling from $3.6M in FY2023 to about $1.0M in FY2025. But total liabilities still climbed from $8.4M to $11.9M over the same span, meaning expense discipline slowed the burn without repairing the capital structure.

Financial Health Signals

Financial Profile 14/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Innovative Payment Solutions Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Innovative Payment Solutions Inc carries a low D/E ratio of -1.56, meaning only $-1.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Innovative Payment Solutions Inc's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

1/9

Innovative Payment Solutions Inc passes 1 of 9 financial strength tests. 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, Innovative Payment Solutions Inc generates $0.18 in operating cash flow (-$788K OCF vs -$4.4M 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

-4.3x

Innovative Payment Solutions Inc earns $-4.3 in operating income for every $1 of interest expense (-$1.0M vs $238K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$1.0M

YoY+46.0%

Innovative Payment Solutions Inc's EBITDA was -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.0% from the prior year.

Net Income

-$4.4M

Innovative Payment Solutions Inc reported -$4.4M in net income in fiscal year 2025.

EPS (Diluted)

$-0.02

Innovative Payment Solutions Inc earned $-0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 93.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$30K

YoY+5566.2%

5Y CAGR-20.6%

10Y CAGR-28.3%

Innovative Payment Solutions Inc held $30K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.80

Innovative Payment Solutions Inc paid $1.80 per share in dividends in fiscal year 2025.

Shares Outstanding

711M

Innovative Payment Solutions Inc had 711M shares outstanding in fiscal year 2025. This represents an increase of 3625.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

IPSI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	$410-51.6%	$847	$0	N/A
Cost of Revenue	N/A	N/A	$4K-29.8%	$5K	N/A	N/A
Gross Profit	N/A	N/A	-$3K+25.4%	-$4K	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.0M-46.0%	$1.9M-47.3%	$3.6M-34.4%	$5.5M-47.0%	$10.3M	N/A
Operating Income	-$1.0M+45.9%	-$1.9M+52.4%	-$4.0M+29.1%	-$5.6M+45.8%	-$10.3M	N/A
Interest Expense	$238K+99.8%	$119K-62.7%	$320K+64.8%	$194K-12.6%	$222K-39.5%	$367K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.4M	N/A	N/A	-$10.3M+29.0%	-$14.5M	N/A
EPS (Diluted)	$-0.02	$-0.30+33.3%	$-0.45+45.8%	$-0.83	$-0.04	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	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	$1.1M	N/A	$366K+114.6%	$171K-32.9%	$254K	N/A	$296K-27.2%	$407K
Operating Income	-$1.1M	N/A	-$367K-114.2%	-$171K+32.8%	-$255K	N/A	-$297K+27.2%	-$408K
Interest Expense	$63K	N/A	$61K+4.3%	$59K+9.9%	$54K	N/A	$28K+13.4%	$25K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$585K	N/A	N/A	N/A	N/A	N/A	-$1.7M-116.7%	-$798K
EPS (Diluted)	$0.00	N/A	$-0.06+45.5%	$-0.11	$-0.12	N/A	$-0.15-150.0%	$-0.06

IPSI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.3M+1011.8%	$384K-52.3%	$805K-70.7%	$2.8M-59.1%	$6.7M+3376.4%	$193K
Current Assets	$71K-81.2%	$380K+325.3%	$89K-93.0%	$1.3M-76.9%	$5.5M+5436.3%	$100K
Cash & Equivalents	$30K+5566.2%	$526-99.0%	$50K-86.5%	$374K-93.0%	$5.4M+5567.8%	$95K
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	$11.9M+8.2%	$11.0M+30.8%	$8.4M+25.0%	$6.7M+124.2%	$3.0M-35.3%	$4.6M
Current Liabilities	$11.7M+8.3%	$10.8M+31.4%	$8.2M+25.8%	$6.5M+130.9%	$2.8M-36.5%	$4.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$7.6M+28.3%	-$10.6M-39.7%	-$7.6M-91.6%	-$4.0M-207.0%	$3.7M+183.4%	-$4.4M
Retained Earnings	-$69.0M-9.9%	-$62.8M-7.8%	-$58.2M-11.1%	-$52.4M-24.4%	-$42.1M-52.4%	-$27.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$4.3M-0.3%	$4.3M+793.3%	$478K+9.8%	$436K+11.3%	$392K+1.8%	$384K-63.0%	$1.0M+2.6%	$1.0M
Current Assets	$57K-19.7%	$71K-85.0%	$475K+10.0%	$432K+11.6%	$387K+2.0%	$380K+160.7%	$146K+14.2%	$128K
Cash & Equivalents	$12K-61.1%	$30K+323.1%	$7K-65.1%	$20K+35363.2%	$57-89.2%	$526-49.1%	$1K-98.7%	$79K
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	$11.1M-6.3%	$11.9M-78.6%	$55.5M+62.7%	$34.1M+138.0%	$14.3M+30.5%	$11.0M+3.2%	$10.6M+14.7%	$9.3M
Current Liabilities	$11.0M-6.4%	$11.7M-78.8%	$55.3M+63.0%	$33.9M+139.5%	$14.2M+31.0%	$10.8M+3.2%	$10.5M+14.9%	$9.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.9M+9.6%	-$7.6M+86.2%	-$55.0M-63.4%	-$33.6M-141.6%	-$13.9M-31.6%	-$10.6M-10.4%	-$9.6M-16.2%	-$8.3M
Retained Earnings	-$69.6M-0.8%	-$69.0M+37.9%	-$111.1M-25.0%	-$88.9M-32.9%	-$66.9M-6.5%	-$62.8M-2.1%	-$61.5M-3.6%	-$59.4M

IPSI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$788K-21.5%	-$648K+54.3%	-$1.4M+53.7%	-$3.1M-17.4%	-$2.6M	N/A
Capital Expenditures	N/A	N/A	N/A	$43K+366.2%	$9K-81.5%	$50K
Free Cash Flow	N/A	N/A	N/A	-$3.1M-18.6%	-$2.6M	N/A
Investing Cash Flow	N/A	-$339K+68.2%	-$1.1M-21.6%	-$876K+25.1%	-$1.2M-2238.1%	-$50K
Financing Cash Flow	$817K-12.8%	$937K-56.6%	$2.2M+289.7%	-$1.1M-112.5%	$9.1M	N/A
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$303K-20.2%	-$252K-83.6%	-$137K+21.3%	-$175K+22.0%	-$224K-33.7%	-$167K-42.4%	-$117K+26.9%	-$161K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$50K+50.0%	-$100K-233.3%	-$30K
Financing Cash Flow	$285K+3.6%	$275K+121.4%	$124K-36.2%	$195K-12.8%	$223K+3.0%	$217K+55.4%	$139K-46.9%	$263K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	-765.1%-268.7pp	-496.5%	N/A	N/A
Operating Margin	N/A	N/A	-965883.7%-306004.3pp	-659879.3%	N/A	N/A
Net Margin	N/A	N/A	N/A	-1214658.4%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	-391.8%	N/A
Return on Assets	-102.8%	N/A	N/A	-373.8%-158.4pp	-215.4%	N/A
Current Ratio	0.01-0.0	0.04+0.0	0.01-0.2	0.20-1.8	1.95+1.9	0.02
Debt-to-Equity	-1.56-0.5	-1.04+0.1	-1.11+0.6	-1.70-2.5	0.81+1.9	-1.04
FCF Margin	N/A	N/A	N/A	-366588.2%	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	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	-13.7%	N/A	N/A	N/A	N/A	N/A	-166.5%-87.7pp	-78.8%
Current Ratio	0.010.0	0.010.0	0.010.0	0.01-0.0	0.030.0	0.04+0.0	0.010.0	0.01
Debt-to-Equity	-1.62-0.1	-1.56-0.6	-1.010.0	-1.01+0.0	-1.030.0	-1.04+0.1	-1.11+0.0	-1.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$7.6M), 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 (0.01), 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 -$4.4M in fiscal year 2025.

What is Innovative Payment Solutions Inc's EBITDA?

Innovative Payment Solutions Inc (IPSI) had EBITDA of -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Does Innovative Payment Solutions Inc pay dividends?

Yes, Innovative Payment Solutions Inc (IPSI) paid $1.80 per share in dividends during fiscal year 2025.

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

Innovative Payment Solutions Inc (IPSI) generated -$788K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Innovative Payment Solutions Inc's total assets?

Innovative Payment Solutions Inc (IPSI) had $4.3M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Innovative Payment Solutions Inc have outstanding?

Innovative Payment Solutions Inc (IPSI) had 711M shares outstanding as of fiscal year 2025.

What is Innovative Payment Solutions Inc's current ratio?

Innovative Payment Solutions Inc (IPSI) had a current ratio of 0.01 as of fiscal year 2025, 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 -1.56 as of fiscal year 2025, 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 -102.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Innovative Payment Solutions Inc's cash runway?

Based on fiscal year 2025 data, Innovative Payment Solutions Inc (IPSI) had $30K in cash against an annual operating cash burn of $788K. 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 -$7.6M as of fiscal year 2025, 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 1 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 to 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 0.18x, 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 -4.3x, 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.

How financially healthy is Innovative Payment Solutions Inc?

Innovative Payment Solutions Inc (IPSI) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.