IP Strategy Holdings, Inc. (IPST) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed May 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IPST SEC filings page.
IP Strategy Holdings, Inc. (IPST) reported $10.7M in revenue over the twelve months to Mar 31, 2026, up 37.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Revenue is growing and gross margin improved, but operating losses and cash outflows show a business still dependent on financing
In FY2025, gross profit reached$5.6M while the reported operating loss was$133.9M . Operating cash flow was-$15.3M , so the unusually wide gap suggests large noncash or accounting charges dominated reported operating results rather than current-period cash spending alone.
Cash conversion remains weak: free cash flow of
Liquidity is tight despite lower leverage: the current ratio was 0.3 alongside debt-to-equity of 0.0x in FY2025. Debt-to-equity had been 16.7x in FY2024, while financing cash flow reached
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of IP Strategy Holdings, 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.
IP Strategy Holdings, Inc. earned a return on assets of -126.6% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 2.5% the prior year. Earnings ranks banks on that return over three years, and IP Strategy Holdings, Inc. scores 1/100 among other banks.
IP Strategy Holdings, Inc. reported revenue of $10.1M in fiscal year 2025, against $8.4M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and IP Strategy Holdings, Inc. scores 67/100 among other banks.
IP Strategy Holdings, Inc. funded 90.3% of its assets with shareholders' equity at the end of fiscal year 2025, holding $98.2M of equity against $108.8M of assets. Capital ranks banks on that cushion, and IP Strategy Holdings, Inc. scores 99/100 among other banks.
Not available for IP Strategy Holdings, Inc., and counted as zero in the overall score.
Not available for IP Strategy Holdings, Inc., and counted as zero in the overall score.
IP Strategy Holdings, Inc. reported a net loss of $137.7M in fiscal year 2025, against $710K in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and IP Strategy Holdings, Inc. scores 19/100 among other banks.
IP Strategy Holdings, Inc. passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
IP Strategy Holdings, Inc. reported a net loss of $137.7M while operations used $15.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
IP Strategy Holdings, Inc. reported an operating loss of $133.9M against $1.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
IP Strategy Holdings, Inc. generated $1.7M in revenue in Q1 2026. This represents an increase of 56.8% from the same quarter a year earlier. Against the prior quarter it is down 63.7%.
IP Strategy Holdings, Inc.'s EBITDA was -$66.4M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2979.9% from the same quarter a year earlier. Against the prior quarter it is up 46.3%.
IP Strategy Holdings, Inc. reported -$66.7M in net income in Q1 2026. This represents a decrease of 2100.6% from the same quarter a year earlier. Against the prior quarter it is up 79.4%.
IP Strategy Holdings, Inc. earned -$134.70 per diluted share (EPS) in Q1 2026.
Cash & Balance Sheet
IP Strategy Holdings, Inc. recorded an outflow of $2.5M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 19.8% from the same quarter a year earlier. Against the prior quarter it is up 67.3%.
IP Strategy Holdings, Inc. held $93K in cash against $2.6M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
IP Strategy Holdings, Inc.'s gross margin was 68.3% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 43.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
IP Strategy Holdings, Inc.'s ROE was -205.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is up 123.6 percentage points.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
IP Strategy Holdings, Inc. reported no capital expenditure in Q1 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q1 2026.
Not reported for Q1 2026.
IPST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7M+56.8% | $4.7M+52.5% | $3.0M+69.7% | $1.3M-28.3% | $1.1M-36.0% | $3.1M | $1.8M-15.6% | $1.8M |
| Cost of Revenue | $543K-33.8% | $1.5M-46.0% | $1.2M+2.2% | $1.1M0.0% | $820K-36.8% | $2.8M | $1.1M-17.5% | $1.1M |
| Gross Profit | $1.2M+330.0% | $3.2M+850.4% | $1.8M+190.9% | $227K-69.6% | $272K-33.4% | $340K | $630K-12.0% | $748K |
| SG&A Expenses | $2.7M+88.3% | $4.1M-35.0% | $2.0M+36.0% | $4.9M+180.6% | $1.4M-2.6% | $6.4M | $1.4M+10.4% | $1.7M |
| Operating Income | -$66.4M-2608.6% | -$123.7M-1387.8% | -$1.1M+44.8% | -$6.6M-189.4% | -$2.5M-10.1% | -$8.3M | -$2.1M-1.1% | -$2.3M |
| EBITDA | -$66.4M-2979.9% | -$123.7M-1402.9% | -$783K+52.7% | -$6.3M-239.0% | -$2.2M-13.4% | -$8.2M | -$1.7M+3.8% | -$1.8M |
| Interest Expense | $12K-97.6% | $26K-96.0% | $498K-24.7% | $595K-6.2% | $523K-12.9% | $638K | $662K | $635K |
| Income Tax | $0 | -$49.4M | $49.4M | $3K-65.9% | $0 | N/A | $0 | $9K |
| Net Income | -$66.7M-2100.6% | -$323.7M-6762.9% | $196.3M+5817.1% | -$7.3M-186.8% | -$3.0M-769.8% | -$4.7M | -$3.4M-0.1% | $8.4M |
| EPS (Basic) | -$134.70+0.5% | -$59.61-383.8% | $16.97+110.6% | -$0.77-103.9% | -$135.34-12183.9% | -$12.32+8.8% | -$160.41-1684.3% | $19.90 |
| EPS (Diluted) | -$134.70 | -$59.61-5283.5% | $16.97 | -$0.77-159.7% | -$135.34 | $1.15 | -$160.41 | $1.29 |
| Diluted Shares (Avg) | 496,228 | N/A | 12M | 11M+140.6% | 24,056 | N/A | 22,097 | 5M |
Not reported in any period shown, so not listed: R&D Expenses.
IPST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.8M+58.0% | $108.8M+288.4% | $482.8M+1453.0% | $26.5M | $27.1M | $28.0M+6.6% | $31.1M | N/A |
| Current Assets | $3.8M+17.6% | $2.7M-29.9% | $4.9M-16.6% | $3.1M | $3.2M | $3.9M-25.7% | $5.9M | N/A |
| Cash & Equivalents | $93K-6.9% | $453K0.0% | $1.7M+5158.8% | $186K+22.6% | $100K-78.1% | $453K+489.5% | $32K+10.8% | $152K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.6M-37.2% | $1.6M-33.5% | $2.3M-36.6% | $2.3M | $2.5M | $2.5M-10.3% | $3.6M | N/A |
| Accounts Receivable | $180K-9.9% | $348K-45.6% | $203K-32.5% | $211K | $199K | $639K-11.5% | $300K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | $0-100.0% | $590K-7.4% | $590K | $590K | $590K | $637K | N/A |
| Total Liabilities | $10.4M-62.2% | $10.5M-61.3% | $62.3M-4.2% | $29.4M | $27.4M | $27.2M-61.0% | $65.1M | N/A |
| Current Liabilities | $8.8M-36.9% | $8.9M-35.7% | $10.4M-77.7% | $16.4M | $13.9M | $13.8M-78.0% | $46.5M | N/A |
| Non-Current Liabilities | $1.6M-88.4% | $1.7M-87.6% | $52.0M+179.8% | $13.0M | $13.5M | $13.4M+95.8% | $18.6M | N/A |
| Long-Term Debt | $2.6M-80.2% | $2.6M-80.6% | $2.6M-82.6% | $13.0M | $13.0M | $13.2M-7.2% | $15.0M | N/A |
| Total Equity | $32.4M+9953.0% | $98.2M+12304.7% | $420.4M+1337.0% | -$2.9M+91.2% | -$329K+99.2% | $792K+101.8% | -$34.0M+11.2% | -$32.7M |
| Retained Earnings | -$278.6M-261.0% | -$211.8M-185.8% | $111.8M+261.1% | -$84.5M | -$77.2M | -$74.1M+0.9% | -$69.4M | N/A |
IPST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M-20.8% | -$7.5M-50.5% | -$4.3M-406.0% | -$1.5M+44.4% | -$2.0M+23.6% | -$5.0M-106.8% | -$845K | -$2.7M |
| Depreciation & Amortization | $31K-89.6% | $23K-72.9% | $366K-13.8% | $379K-15.4% | $297K-9.5% | $85K | $424K+26.1% | $448K |
| Stock-Based Compensation | $943K | N/A | -$77K | N/A | $0 | N/A | $0 | N/A |
| Capital Expenditures | $0-100.0% | $0-100.0% | $46K-82.2% | $11K-96.1% | $17K | $74K | -$260K | $292K |
| Free Cash Flow | -$2.5M-19.8% | -$7.5M-48.3% | -$4.3M-291.2% | -$1.5M+49.4% | -$2.0M+23.0% | -$5.1M | -$1.1M | -$3.0M |
| Investing Cash Flow | $2.3M+3437.9% | $4.4M+6059.6% | -$21.0M-8181.7% | -$10K+96.6% | $65K+1183.7% | -$74K-149.7% | $260K | -$292K |
| Financing Cash Flow | -$11K-100.7% | $1.6M-69.9% | $26.8M+5648.9% | $1.6M-40.7% | $1.6M-46.8% | $5.5M+137.3% | $466K | $2.7M |
| Share Buybacks | N/A | $2K | $0-100.0% | N/A | N/A | $0-100.0% | $1K | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
IPST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.3%+43.4pp | 68.5%+57.5pp | 61.3%+25.5pp | 17.2%-23.4pp | 24.9%+1.0pp | 11.0% | 35.8%+1.5pp | 40.6% |
| Operating Margin | -3877.6% | -2622.6% | -38.4% | -503.0% | -224.5% | -268.8% | -118.1% | -124.7% |
| Net Margin | -3898.1% | -6862.0% | 6566.2% | -551.9% | -277.8% | -152.5% | -194.9% | 456.3% |
| Return on Equity | -205.9% | -329.5%+266.1pp | 46.7% | N/A | N/A | -595.6% | N/A | N/A |
| Return on Assets | -156.1%-144.8pp | -297.6%-280.8pp | 40.6%+51.7pp | -27.5% | -11.2% | -16.8% | -11.0% | N/A |
| Current Ratio | 0.43+0.2x | 0.310.0x | 0.48+0.3x | 0.19 | 0.23 | 0.28+0.2x | 0.13 | N/A |
| Debt-to-Equity | 0.08 | 0.03-16.7x | 0.01 | N/A | N/A | 16.72 | N/A | N/A |
| Asset Turnover | 0.040.0x | 0.04-0.1x | 0.01-0.1x | 0.05 | 0.04 | 0.11 | 0.06 | N/A |
| FCF Margin | -143.3% | -159.1% | -144.6% | -115.3% | -187.6% | -163.7% | -62.7% | -163.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.31), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where IP Strategy Holdings, Inc. Ranks
Frequently Asked Questions
What is IP Strategy Holdings, Inc.'s annual revenue?
IP Strategy Holdings, Inc. (IPST) reported $10.1M in total revenue for fiscal year 2025. This represents a 20.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is IP Strategy Holdings, Inc.'s revenue growing?
IP Strategy Holdings, Inc. (IPST) revenue grew by 20.4% year-over-year, from $8.4M to $10.1M in fiscal year 2025.
Is IP Strategy Holdings, Inc. profitable?
No, IP Strategy Holdings, Inc. (IPST) reported a net income of -$137.7M in fiscal year 2025.
What is IP Strategy Holdings, Inc.'s EBITDA?
IP Strategy Holdings, Inc. (IPST) had EBITDA of -$132.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does IP Strategy Holdings, Inc. have?
As of fiscal year 2025, IP Strategy Holdings, Inc. (IPST) had $453K in cash and equivalents against $2.6M in long-term debt.
What is IP Strategy Holdings, Inc.'s gross margin?
IP Strategy Holdings, Inc. (IPST) had a gross margin of 54.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is IP Strategy Holdings, Inc.'s return on equity (ROE)?
IP Strategy Holdings, Inc. (IPST) has a return on equity of -140.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is IP Strategy Holdings, Inc.'s free cash flow?
IP Strategy Holdings, Inc. (IPST) recorded an outflow of $15.4M in free cash flow during fiscal year 2025. This represents a -36.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is IP Strategy Holdings, Inc.'s operating cash flow?
IP Strategy Holdings, Inc. (IPST) recorded an outflow of $15.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are IP Strategy Holdings, Inc.'s total assets?
IP Strategy Holdings, Inc. (IPST) had $108.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are IP Strategy Holdings, Inc.'s capital expenditures?
IP Strategy Holdings, Inc. (IPST) invested $75K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is IP Strategy Holdings, Inc.'s current ratio?
IP Strategy Holdings, Inc. (IPST) had a current ratio of 0.31 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is IP Strategy Holdings, Inc.'s debt-to-equity ratio?
IP Strategy Holdings, Inc. (IPST) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is IP Strategy Holdings, Inc.'s return on assets (ROA)?
IP Strategy Holdings, Inc. (IPST) had a return on assets of -126.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is IP Strategy Holdings, Inc.'s P/E ratio?
IP Strategy Holdings, Inc. (IPST) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $2.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is IP Strategy Holdings, Inc.'s price-to-sales ratio?
IP Strategy Holdings, Inc. (IPST) trades at 0.2x sales, its market capitalization divided by revenue of $10.7M revenue, trailing 12 months to March 31, 2026. The market capitalization is $2.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is IP Strategy Holdings, Inc.'s Piotroski F-Score?
IP Strategy Holdings, Inc. (IPST) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 IP Strategy Holdings, Inc.'s earnings high quality?
IP Strategy Holdings, Inc. (IPST) reported a net loss of $137.7M while operations used $15.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 IP Strategy Holdings, Inc. cover its interest payments?
IP Strategy Holdings, Inc. (IPST) reported an operating loss of $133.9M against $1.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 IP Strategy Holdings, Inc.?
IP Strategy Holdings, Inc. (IPST) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.