Here are the 10-K annual reports from Innovative Pymnt Solution (IPSI) 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-K covers the audited annual report, with the full financial statements, so if you follow IPSI 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 IPSI filings page.
Innovative Payment Solutions, Inc. reports continuing operating losses, heavy leverage and significant liquidity pressure in its annual filing for the year ended December 31, 2025. The company posted a net loss of about $4.4 million for 2025, following a $4.1 million loss in 2024, and discloses an accumulated deficit of $69.0 million.
As of December 31, 2025, cash and cash equivalents were only $29,804 against about $5.4 million in convertible notes held by institutional investors that have either matured or come due in 2026, raising a going concern uncertainty. Those notes are convertible at very low or variable prices, creating the potential for substantial shareholder dilution. The company also fully impaired its IPSIPay Express joint venture and has shifted focus to a new 50/50 gaming-focused merchant processing venture, Jetties Partners, LLC, which has yet to generate revenues.