NASDAQ : IOND
Ionic Digital Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 69.3 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.12B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ionic Digital Inc. (IOND) reported revenue of 163.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 163.21M | 141.40M | 153.81M | 115.44M |
| Cost of Revenue | 49.87M | 88.00M | 100.15M | 74.34M |
| Gross Profit | 113.35M | 53.40M | 53.66M | 41.10M |
| Selling, General & Admin | 66.83M | 49.03M | 43.23M | 11.68M |
| Other Operating Expenses | 881.00K | 999.00K | 1.30M | 8.03M |
| Operating Expenses | 111.51M | 116.73M | 93.11M | 85.92M |
| Operating Income | 1.83M | -63.33M | -39.46M | -44.82M |
| Interest & Investment Income | 1.02M | 1.22M | 1.89M | |
| Other Non Operating Income (Expenses) | -134.73M | -19.59M | 77.30M | 11.28M |
| EBT Excluding Unusual Items | -131.87M | -81.70M | 39.73M | -33.54M |
| Impairment of Goodwill | -68.17M | -68.17M | ||
| Gain (Loss) on Sale of Investments | 2.42M | |||
| Gain (Loss) on Sale of Assets | -10.72M | -10.16M | -1.47M | 2.06M |
| Asset Writedown | -150.32M | -150.32M | -23.69M | |
| Legal Settlements | 4.65M | -3.43M | 6.82M | |
| Other Unusual Items | -5.42M | -86.04M | ||
| Pretax Income | -356.44M | -313.78M | 42.08M | -141.21M |
| Income Tax Expense | -56.55M | -66.06M | 12.33M | 290.00K |
| Net Income | -299.89M | -247.72M | 29.76M | -141.50M |
| Preferred Dividends & Other Adjustments | -10.39M | |||
| Net Income to Common | -299.89M | -247.72M | 40.15M | -141.50M |
| Shares Outstanding (Basic) | 37.37M | 37.37M | 37.37M | |
| Shares Outstanding (Diluted) | 37.37M | 37.37M | 37.37M | |
| EPS (Basic) | -8.02 | -6.63 | 1.07 | |
| EPS (Diluted) | -8.02 | -6.63 | 1.07 | |
| Free Cash Flow | -63.94M | -107.59M | -208.37M | -110.16M |
| Free Cash Flow Per Share | -1.71 | -2.88 | -5.58 | |
| Gross Margin | 69.45% | 37.77% | 34.88% | 35.60% |
| Operating Margin | 1.12% | -44.79% | -25.65% | -38.83% |
| Profit Margin | -183.75% | -175.20% | 26.10% | -122.57% |
| Free Cash Flow Margin | -39.18% | -76.09% | -135.47% | -95.42% |
| EBITDA | 45.66M | 3.40M | 9.13M | 21.39M |
| EBITDA Margin | 27.98% | 2.40% | 5.94% | 18.53% |
| D&A For EBITDA | 43.83M | 66.72M | 48.59M | 66.21M |
| EBIT | 1.83M | -63.33M | -39.46M | -44.82M |
| EBIT Margin | 1.12% | -44.79% | -25.65% | -38.83% |
| Effective Tax Rate | 29.29% | |||
| Revenue as Reported | 163.21M | 141.40M | 153.81M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 415.74M | 43.51M | 48.39M | 33.66M |
| Cash & Short-Term Investments | 415.74M | 43.51M | 48.39M | 33.66M |
| Other Receivables | 1.17M | 10.46M | 2.85M | 1.64M |
| Receivables | 48.99M | 10.46M | 2.85M | 1.64M |
| Prepaid Expenses | 6.97M | 11.43M | 9.16M | 11.45M |
| Other Current Assets | 170.87M | 237.95M | 223.44M | 16.02M |
| Total Current Assets | 642.57M | 303.34M | 283.84M | 62.77M |
| Property, Plant & Equipment | 66.04M | 76.16M | 286.83M | 234.74M |
| Goodwill | 161.61M | 161.61M | 229.78M | |
| Long-Term Deferred Tax Assets | 43.66M | 54.47M | ||
| Long-Term Deferred Charges | 6.47M | 6.80M | ||
| Other Long-Term Assets | 2.18M | 2.62M | 17.44M | 24.57M |
| Total Assets | 922.52M | 605.00M | 817.89M | 322.08M |
| Accounts Payable | 1.18M | 1.72M | 2.45M | 5.54M |
| Accrued Expenses | 24.62M | 13.38M | 8.99M | 2.07M |
| Current Income Taxes Payable | 511.00K | 662.00K | 1.15M | 7.29M |
| Current Unearned Revenue | 39.79M | |||
| Other Current Liabilities | 5.12M | |||
| Total Current Liabilities | 26.34M | 60.67M | 12.59M | 14.90M |
| Long-Term Leases | 138.00K | 170.00K | 194.00K | |
| Long-Term Deferred Tax Liabilities | 12.08M | |||
| Other Long-Term Liabilities | 34.93M | 755.00K | 5.40M | 828.15M |
| Total Liabilities | 61.41M | 61.60M | 30.26M | 843.06M |
| Common Stock | -520.98M | |||
| Additional Paid-In Capital | 766.42M | 750.99M | 747.49M | |
| Retained Earnings | -255.87M | -207.58M | 40.15M | |
| Shareholders' Equity | 861.10M | 543.41M | 787.63M | -520.98M |
| Total Liabilities & Equity | 922.52M | 605.00M | 817.89M | 322.08M |
| Total Debt | 176.00K | 170.00K | 194.00K | |
| Net Cash (Debt) | 415.56M | 43.34M | 48.20M | 33.66M |
| Net Cash Per Share | 11.12 | 1.16 | 1.29 | |
| Filing Date Shares Outstanding | 45.00M | 37.37M | 37.37M | |
| Total Common Shares Outstanding | 37.37M | 37.37M | 37.37M | |
| Working Capital | 616.22M | 242.67M | 271.25M | 47.87M |
| Book Value Per Share | 13.66 | 14.54 | 21.07 | |
| Tangible Book Value | 348.95M | 381.80M | 557.85M | -520.98M |
| Tangible Book Value Per Share | 9.34 | 10.22 | 14.93 | |
| Land | 1.62M | 1.62M | 1.62M | 1.10M |
| Buildings | 32.94M | 33.99M | 29.43M | |
| Machinery | 68.94M | 134.96M | 266.44M | 247.54M |
| Construction In Progress | 9.16M | 2.51M | 31.29M | 52.05M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -299.89M | -247.72M | 29.76M | -141.50M |
| Depreciation & Amortization | 43.83M | 66.72M | 48.59M | 66.21M |
| Loss (Gain) From Sale of Assets | 10.72M | 10.16M | 1.47M | -2.06M |
| Asset Writedown & Restructuring Costs | 218.50M | 218.50M | 17.71M | |
| Loss (Gain) From Sale of Investments | -2.42M | |||
| Stock-Based Compensation | 18.94M | 3.50M | 1.11M | |
| Provision & Write-off of Bad Debts | 5.99M | 5.99M | 2.44M | |
| Other Operating Activities | 8.71M | -182.06M | -212.93M | -125.91M |
| Change in Accounts Payable | -17.91M | 2.70M | 10.17M | -3.39M |
| Change in Other Net Operating Assets | -40.09M | 25.68M | 5.92M | 104.15M |
| Operating Cash Flow | -51.20M | -96.53M | -115.89M | -84.78M |
| Capital Expenditures | -12.74M | -11.06M | -92.48M | -25.38M |
| Sale of Property, Plant & Equipment | 5.21M | 1.25M | 1.25M | |
| Cash Acquisitions | 195.74M | |||
| Investment in Securities | 2.42M | |||
| Other Investing Activities | 37.22M | 101.46M | 18.57M | 103.97M |
| Investing Cash Flow | 29.70M | 91.64M | 124.26M | 79.84M |
| Issuance of Common Stock | 6.38M | |||
| Financing Cash Flow | 400.00M | 6.38M | ||
| Net Cash Flow | 378.49M | -4.88M | 14.74M | -4.94M |
| Free Cash Flow | -63.94M | -107.59M | -208.37M | -110.16M |
| Free Cash Flow Margin | -39.18% | -76.09% | -135.47% | -95.42% |
| Free Cash Flow Per Share | -1.71 | -2.88 | -5.58 | |
| Levered Free Cash Flow | 43.27M | -276.09M | ||
| Unlevered Free Cash Flow | 43.27M | -276.09M | ||
| Change in Working Capital | -58.00M | 28.39M | 16.09M | 100.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | |
| Debt / EBITDA Ratio | 0.00 | 0.04 | 0.02 | |
| Net Debt / Equity Ratio | -0.48 | -0.08 | -0.06 | 0.07 |
| Net Debt / EBITDA Ratio | -9.10 | -12.76 | -5.28 | -1.57 |
| Net Debt / FCF Ratio | 6.50 | 0.40 | 0.23 | 0.31 |
| Asset Turnover | 0.20 | 0.27 | ||
| Quick Ratio | 17.64 | 0.89 | 4.07 | 2.37 |
| Current Ratio | 24.39 | 5.00 | 22.55 | 4.21 |
| Return on Equity (ROE) | -37.22% | 22.32% | ||
| Return on Assets (ROA) | -5.56% | -4.33% | ||
| Return on Invested Capital (ROIC) | 0.39% | -10.22% | -5.33% | -14.59% |
| Return on Capital Employed (ROCE) | 0.20% | -11.60% | -4.90% | -14.60% |