What is IP Strategy Holdings Inc's earnings per share (EPS)?

IP Strategy Holdings Inc (IPST) reported diluted earnings per share of $-16.03 for fiscal year 2025. This represents a 59.4% 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.

IP Strategy Holdings Inc Financials

IPST

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows IP Strategy Holdings Inc (IPST) financial statements, including the 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).

Rhea AI IPST FY2025 2026-04-22

A balance-sheet reset improved solvency on paper, but the operating model still consumes cash faster than gross profit improves.

Between FY2024 and FY2025, debt-to-equity fell from 16.7x to 0.03x, which points to a major recapitalization rather than ordinary debt paydown. But current assets still covered only a fraction of current liabilities, so the balance sheet became cleaner much faster than the company became liquid.

FY2025's gross margin jumped to 54.9% from 25.3%, so the improvement happened in direct costs or revenue mix rather than simple scale. Yet operating cash flow was still -$15.3M, which says the costs sitting below gross profit remain the real constraint on this business model.

This is also a low-capex business: FY2025 capital spending was only $75K while free cash flow was -$15.4M. Because free cash flow stayed close to operating cash flow, the cash drain is coming from ongoing operations, and the year still depended on external financing rather than internally generated cash.

Financial Health Signals

Financial Profile 26/100

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 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.

Profitability

IP Strategy Holdings Inc has an operating margin of -1323.6%, meaning the company retains $-1324 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -177.6% the prior year.

Growth

IP Strategy Holdings Inc's revenue surged 20.4% year-over-year to $10.1M, reflecting rapid business expansion. This strong growth earns a score of 54/100.

Leverage

100

IP Strategy Holdings Inc carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

IP Strategy Holdings Inc's current ratio of 0.31 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While IP Strategy Holdings Inc generated -$15.3M in operating cash flow, capex of $75K consumed most of it, leaving -$15.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

IP Strategy Holdings Inc generates a -140.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 89.7% the prior year.

Piotroski F-Score Neutral

4/9

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.

Earnings Quality Low Quality

0.11x

For every $1 of reported earnings, IP Strategy Holdings Inc generates $0.11 in operating cash flow (-$15.3M OCF vs -$137.7M 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

-81.6x

IP Strategy Holdings Inc earns $-81.6 in operating income for every $1 of interest expense (-$133.9M vs $1.6M). 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

$10.1M

YoY+20.4%

IP Strategy Holdings Inc generated $10.1M in revenue in fiscal year 2025. This represents an increase of 20.4% from the prior year.

EBITDA

-$132.9M

YoY-874.6%

IP Strategy Holdings Inc's EBITDA was -$132.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 874.6% from the prior year.

Net Income

-$137.7M

YoY-19484.0%

IP Strategy Holdings Inc reported -$137.7M in net income in fiscal year 2025. This represents a decrease of 19484.0% from the prior year.

EPS (Diluted)

$-16.03

YoY+59.4%

IP Strategy Holdings Inc earned $-16.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$15.4M

YoY-36.0%

IP Strategy Holdings Inc generated -$15.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 36.0% from the prior year.

Cash & Debt

$245K

YoY-45.9%

IP Strategy Holdings Inc held $245K in cash against $2.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.00

IP Strategy Holdings Inc paid $0.00 per share in dividends in fiscal year 2025.

Shares Outstanding

10M

YoY+108.0%

IP Strategy Holdings Inc had 10M shares outstanding in fiscal year 2025. This represents an increase of 108.0% from the prior year.

Margins & Returns

Gross Margin

54.9%

YoY+29.6pp

IP Strategy Holdings Inc's gross margin was 54.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 29.6 percentage points from the prior year.

Operating Margin

-1323.6%

YoY-1146.1pp

IP Strategy Holdings Inc's operating margin was -1323.6% in fiscal year 2025, reflecting core business profitability. This is down 1146.1 percentage points from the prior year.

Net Margin

-1360.9%

YoY-1369.4pp

IP Strategy Holdings Inc's net profit margin was -1360.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1369.4 percentage points from the prior year.

Return on Equity

-140.2%

YoY-230.0pp

IP Strategy Holdings Inc's ROE was -140.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 230.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2K

YoY-45.8%

IP Strategy Holdings Inc spent $2K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 45.8% from the prior year.

Capital Expenditures

$75K

YoY-29.8%

IP Strategy Holdings Inc invested $75K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.8% from the prior year.

IPST Income Statement

Metric	FY25	FY24	FY23
Revenue	$10.1M+20.4%	$8.4M+5.4%	$8.0M
Cost of Revenue	$4.6M-27.4%	$6.3M+7.8%	$5.8M
Gross Profit	$5.6M+161.5%	$2.1M-1.2%	$2.2M
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$12.4M+12.8%	$11.0M+47.2%	$7.5M
Operating Income	-$133.9M-797.8%	-$14.9M-32.4%	-$11.3M
Interest Expense	$1.6M-35.2%	$2.5M+0.4%	$2.5M
Income Tax	-$8K-192.8%	$9K+30.7%	$7K
Net Income	-$137.7M-19484.0%	$710K+101.9%	-$36.8M
EPS (Diluted)	$-16.03+59.4%	$-39.46	$-96.45

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$4.7M+57.8%	$3.0M+126.1%	$1.3M+21.0%	$1.1M-64.7%	$3.1M+75.6%	$1.8M-4.4%	$1.8M+8.0%	$1.7M
Cost of Revenue	$1.5M+28.6%	$1.2M+5.7%	$1.1M+33.5%	$820K-70.2%	$2.8M+143.2%	$1.1M+3.4%	$1.1M-15.7%	$1.3M
Gross Profit	$3.2M+76.3%	$1.8M+706.7%	$227K-16.5%	$272K-20.0%	$340K-46.0%	$630K-15.8%	$748K+83.0%	$409K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.1M+111.9%	$2.0M-60.1%	$4.9M+248.4%	$1.4M-77.9%	$6.4M+343.0%	$1.4M-17.7%	$1.7M+20.9%	$1.4M
Operating Income	-$123.7M-10667.1%	-$1.1M+82.7%	-$6.6M-171.3%	-$2.5M+70.5%	-$8.3M-299.7%	-$2.1M+9.5%	-$2.3M-3.2%	-$2.2M
Interest Expense	N/A	N/A	$595K+13.8%	$523K	N/A	N/A	$635K+5.6%	$601K
Income Tax	N/A	$49.4M+1583077.3%	$3K	N/A	N/A	$0-100.0%	$9K	N/A
Net Income	-$323.7M-264.9%	$196.3M+2790.4%	-$7.3M-140.5%	-$3.0M+35.7%	-$4.7M-37.4%	-$3.4M-140.8%	$8.4M+1756.4%	$453K
EPS (Diluted)	N/A	$16.97+2303.9%	$-0.77-126.5%	$-0.34	N/A	$-160.41-12534.9%	$1.29+892.3%	$0.13

IPST Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$108.8M+288.4%	$28.0M+6.6%	$26.3M
Current Assets	$2.7M-29.9%	$3.9M-25.7%	$5.3M
Cash & Equivalents	$245K-45.9%	$453K+489.5%	$77K
Inventory	$1.6M-33.5%	$2.5M-10.3%	$2.8M
Accounts Receivable	$348K-45.6%	$639K-11.5%	$722K
Goodwill	$0-100.0%	$590K	$0
Total Liabilities	$10.5M-61.3%	$27.2M-61.0%	$69.7M
Current Liabilities	$8.9M-35.7%	$13.8M-78.0%	$62.8M
Long-Term Debt	$2.6M-80.6%	$13.2M-7.2%	$14.3M
Total Equity	$98.2M+12304.7%	$792K+101.8%	-$43.4M
Retained Earnings	-$211.8M-185.8%	-$74.1M+0.9%	-$74.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$108.8M-77.5%	$482.8M+1719.2%	$26.5M-1.9%	$27.1M-3.3%	$28.0M-9.9%	$31.1M	N/A	N/A
Current Assets	$2.7M-44.4%	$4.9M+59.0%	$3.1M-4.5%	$3.2M-17.1%	$3.9M-33.7%	$5.9M	N/A	N/A
Cash & Equivalents	$245K-85.4%	$1.7M+800.6%	$186K+86.8%	$100K-78.0%	$453K+1323.0%	$32K-79.0%	$152K-66.6%	$454K
Inventory	$1.6M-27.9%	$2.3M-1.5%	$2.3M-7.6%	$2.5M+1.4%	$2.5M-31.2%	$3.6M	N/A	N/A
Accounts Receivable	$348K+71.5%	$203K-3.8%	$211K+5.7%	$199K-68.8%	$639K+112.6%	$300K	N/A	N/A
Goodwill	$0-100.0%	$590K0.0%	$590K0.0%	$590K0.0%	$590K-7.4%	$637K	N/A	N/A
Total Liabilities	$10.5M-83.1%	$62.3M+111.9%	$29.4M+7.4%	$27.4M+0.7%	$27.2M-58.2%	$65.1M	N/A	N/A
Current Liabilities	$8.9M-14.2%	$10.4M-37.0%	$16.4M+18.0%	$13.9M+0.9%	$13.8M-70.3%	$46.5M	N/A	N/A
Long-Term Debt	$2.6M-0.8%	$2.6M-80.0%	$13.0M+0.1%	$13.0M-2.1%	$13.2M-11.5%	$15.0M	N/A	N/A
Total Equity	$98.2M-76.6%	$420.4M+14665.0%	-$2.9M-777.4%	-$329K-141.5%	$792K+102.3%	-$34.0M-3.8%	-$32.7M+23.8%	-$43.0M
Retained Earnings	-$211.8M-289.5%	$111.8M+232.4%	-$84.5M-9.5%	-$77.2M-4.1%	-$74.1M-6.8%	-$69.4M	N/A	N/A

IPST Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$15.3M-36.7%	-$11.2M-32.3%	-$8.5M
Capital Expenditures	$75K-29.8%	$106K+301.4%	$27K
Free Cash Flow	-$15.4M-36.0%	-$11.3M-33.1%	-$8.5M
Investing Cash Flow	-$16.5M-16202.3%	-$101K-320.3%	-$24K
Financing Cash Flow	$31.6M+170.6%	$11.7M+39.9%	$8.4M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$2K-45.8%	$4K-67.5%	$11K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$7.5M-75.5%	-$4.3M-182.7%	-$1.5M+25.5%	-$2.0M+59.3%	-$5.0M-490.1%	-$845K+69.0%	-$2.7M-2.3%	-$2.7M
Capital Expenditures	$0-100.0%	$46K+309.5%	$11K-34.9%	$17K-76.7%	$74K+128.6%	-$260K-189.0%	$292K	$0
Free Cash Flow	-$7.5M-73.6%	-$4.3M-183.6%	-$1.5M+25.6%	-$2.0M+59.5%	-$5.1M-358.0%	-$1.1M+63.3%	-$3.0M-13.3%	-$2.7M
Investing Cash Flow	$4.4M+121.1%	-$21.0M-209211.5%	-$10K-115.4%	$65K+187.9%	-$74K-128.6%	$260K+189.0%	-$292K-5836.7%	$5K
Financing Cash Flow	$1.6M-93.8%	$26.8M+1563.0%	$1.6M-0.2%	$1.6M-70.6%	$5.5M+1077.6%	$466K-82.8%	$2.7M-10.5%	$3.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2K	$0	N/A	N/A	$0-100.0%	$1K	N/A	N/A

IPST Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	54.9%+29.6pp	25.3%-1.7pp	27.0%
Operating Margin	-1323.6%-1146.1pp	-177.6%-36.2pp	-141.3%
Net Margin	-1360.9%-1369.4pp	8.5%+470.1pp	-461.6%
Return on Equity	-140.2%-230.0pp	89.7%	N/A
Return on Assets	-126.6%-129.2pp	2.5%+142.6pp	-140.1%
Current Ratio	0.31+0.0	0.28+0.2	0.08
Debt-to-Equity	0.03-16.7	16.72+17.1	-0.33
FCF Margin	-152.2%-17.5pp	-134.8%-28.0pp	-106.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	68.5%+7.2pp	61.3%+44.1pp	17.2%-7.7pp	24.9%+13.9pp	11.0%-24.8pp	35.8%-4.8pp	40.6%+16.6pp	23.9%
Operating Margin	-2622.6%-2584.1pp	-38.4%+464.6pp	-503.0%-278.5pp	-224.5%+44.4pp	-268.8%-150.8pp	-118.1%+6.6pp	-124.7%+5.8pp	-130.5%
Net Margin	-6862.0%-13428.2pp	6566.2%+7118.1pp	-551.9%-274.1pp	-277.8%-125.3pp	-152.5%+42.4pp	-194.9%-651.2pp	456.3%+429.8pp	26.5%
Return on Equity	-329.5%-376.2pp	46.7%	N/A	N/A	-595.6%	N/A	N/A	N/A
Return on Assets	-297.6%-338.2pp	40.6%+68.1pp	-27.5%-16.3pp	-11.2%+5.6pp	-16.8%-5.8pp	-11.0%	N/A	N/A
Current Ratio	0.31-0.2	0.48+0.3	0.19-0.0	0.23-0.1	0.28+0.2	0.13	N/A	N/A
Debt-to-Equity	0.03+0.0	0.01+4.5	-4.50+34.9	-39.40-56.1	16.72+17.2	-0.44	N/A	N/A
FCF Margin	-159.1%-14.5pp	-144.6%-29.3pp	-115.3%+72.3pp	-187.6%-23.9pp	-163.7%-100.9pp	-62.7%+100.9pp	-163.6%-7.7pp	-155.9%

Note: The current ratio is below 1.0 (0.31), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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, with a net profit margin of -1360.9%.

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 $245K 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 operating margin?

IP Strategy Holdings Inc (IPST) had an operating margin of -1323.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is IP Strategy Holdings Inc's net profit margin?

IP Strategy Holdings Inc (IPST) had a net profit margin of -1360.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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) generated -$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) generated -$15.3M in operating cash flow during fiscal year 2025, representing cash generated from 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.

Does IP Strategy Holdings Inc buy back shares?

Yes, IP Strategy Holdings Inc (IPST) spent $2K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does IP Strategy Holdings Inc have outstanding?

IP Strategy Holdings Inc (IPST) had 10M shares outstanding as of fiscal year 2025.

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 cash runway?

Based on fiscal year 2025 data, IP Strategy Holdings Inc (IPST) had $245K in cash against an annual operating cash burn of $15.3M. 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.

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) has an earnings quality ratio of 0.11x, 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 IP Strategy Holdings Inc cover its interest payments?

IP Strategy Holdings Inc (IPST) has an interest coverage ratio of -81.6x, 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 IP Strategy Holdings Inc?

IP Strategy Holdings Inc (IPST) scores 26 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.