Every 10-Q that I-ON DIGITAL CORP (IONI) has filed with the SEC in the last 24 months is listed below, 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 IONI 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 IONI filings page.
I-ON Digital Corp. (IONI) reported minimal operating activity but a headline profit for the six months ended June 30, 2026. Revenue was $27,000, all from its Master Treasury Lease and Custody Agreement with GGBR; there was no revenue in the comparable 2025 period.
Net income was $3,584,107, driven largely by a $4,064,680 gain on exchanging ION.au gold-backed assets for pmUSD/xPM tokens and a $440,619 gain on debt settlement, plus $425,112 of digital asset yield income. Core operations still produced a loss from operations of $767,095 and operating cash outflows of $770,391. The company ended with $318,658 in cash, a working capital deficit of about $4.59 million, and total assets of $23.3 million, mostly intangible digital assets.
Management discloses substantial doubt about IONI’s ability to continue as a going concern, citing continued operating losses, reliance on related-party and third-party financing, and a large working capital deficiency. Convertible notes with variable pricing created a $878,021 derivative liability, and previously identified material weaknesses in internal control over financial reporting remain unresolved, so disclosure controls were deemed not effective.
I-ON Digital Corp. reported a sharp swing to profitability in Q1 2026 driven by one-time gains, while its core operations remained loss-making and liquidity constrained. Revenue was modest at $27,000 under a treasury lease with GGBR, and the company posted a loss from operations of $391,139.
Net income reached $4,149,246, mainly from a $4,064,680 gain on exchanging ION.au gold-backed digital assets for pmUSD and xPM tokens and a $440,619 gain on settling defaulted bridge loans with ION.au units, plus $274,711 of DeFi yield income. Cash was $193,012 against total assets of $22,923,406, heavily concentrated in intangible digital assets.
Management explicitly states that recurring operating losses, negative operating cash flow and a working capital deficiency raise substantial doubt about I-ON’s ability to continue as a going concern, despite the quarter’s accounting gains. The company also relies on related-party funding, carries $907,610 of convertible notes with a Level 3 derivative liability of $790,312, and discloses ongoing material weaknesses in internal control over financial reporting.
I-ON Digital Corp. (IONI) filed its Q3 2025 10-Q, showing its first meaningful operating revenue tied to a new Master Treasury Lease and Custody Agreement with GGBR Inc. The company recognized $356,335 of revenue in the quarter, all collected, with no cost of sales recorded, delivering equal gross profit.
Operating expenses were $477,705, leading to a quarterly net loss of $121,370 and a nine‑month net loss of $894,287. Cash stood at $106,735 and the company reported a working capital deficit of $3,154,322. The balance sheet remains dominated by intangible assets at $18,042,980.
Management disclosed substantial doubt about continuing as a going concern and noted continued reliance on related‑party financing. Loans of $550,000 and accrued interest of $660,000 are in default as of July 1, 2025. Internal controls were assessed as not effective. As of November 13, 2025, 31,106,234 common shares were outstanding.