Here are the 10-Q quarterly reports from Ionic Digital Inc. (IOND) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IOND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IOND filings page.
Ionic Digital Inc. (IOND) reported a sharp business mix shift for the quarter ended June 30, 2026. Total revenue was $48.6 million, up from $37.2 million a year earlier, driven by new digital infrastructure leasing revenue of $43.8 million that largely replaced legacy cryptocurrency mining revenue.
Cryptocurrency mining revenue fell to $4.8 million from $37.2 million, while a $28.2 million loss on bitcoin fair value contributed to an operating loss of $8.2 million and a net loss of $35.3 million versus $31.9 million of net income in the prior-year quarter. Year‑to‑date, the company posted a net loss of $48.3 million.
Liquidity increased substantially: cash and cash equivalents were $415.7 million at June 30, 2026, up from $43.5 million at year‑end, primarily from a $400 million private placement of Series A convertible preferred stock and associated warrants. Bitcoin holdings had a fair value of $168.7 million, down from $237.9 million as market prices declined. Ionic recorded $87.9 million of digital infrastructure leasing revenue in the first half and disclosed $1.9 billion of fixed lease payments expected through 2037, while recognizing a significant income tax expense of $27.2 million this quarter driven by valuation allowances despite pre‑tax losses.