NASDAQ : IPST
IP Strategy Holdings, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 2.61 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.60M
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Financial statements
IP Strategy Holdings, Inc. (IPST) reported revenue of 9.99M 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 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.99M | 9.90M | 8.17M | 7.74M | 8.05M | 7.93M |
| Cost of Revenue | 3.35M | 4.34M | 6.04M | 5.59M | 5.84M | 5.70M |
| Gross Profit | 6.64M | 5.56M | 2.13M | 2.15M | 2.21M | 2.24M |
| Selling, General & Admin | 14.98M | 17.91M | 17.04M | 13.42M | 14.04M | 10.17M |
| Operating Expenses | 14.98M | 17.91M | 17.04M | 13.42M | 14.04M | 10.17M |
| Operating Income | -8.34M | -12.35M | -14.92M | -11.26M | -11.83M | -7.93M |
| Interest Expense | -551.05K | -1.64M | -2.54M | -2.53M | -2.61M | -2.66M |
| Other Non Operating Income (Expenses) | -525.21K | -390.82K | 724.83K | -235.27K | 60.96K | 6.45K |
| EBT Excluding Unusual Items | -9.42M | -14.38M | -16.73M | -14.03M | -14.38M | -10.58M |
| Merger & Restructuring Charges | -4.09M | -3.39M | ||||
| Gain (Loss) on Sale of Investments | -197.69M | -121.56M | 3.42M | |||
| Other Unusual Items | 1.61M | 1.61M | 14.03M | -22.76M | 2.12M | 3.37M |
| Pretax Income | -209.59M | -137.72M | 719.61K | -36.79M | -12.26M | -7.21M |
| Income Tax Expense | -10.90K | -8.49K | 9.15K | 7.00K | 8.10K | 9.03K |
| Net Income | -209.58M | -137.72M | 710.46K | -36.80M | -12.27M | -7.22M |
| Preferred Dividends & Other Adjustments | -985.08K | 474.81K | 647.64K | |||
| Net Income to Common | -208.59M | -138.19M | 62.81K | -36.80M | -12.27M | -7.22M |
| Shares Outstanding (Basic) | 1.02M | 431.00K | ||||
| Shares Outstanding (Diluted) | 1.02M | 431.00K | ||||
| EPS (Basic) | -203.91 | -320.63 | ||||
| EPS (Diluted) | -203.91 | -320.63 | ||||
| Free Cash Flow | -16.74M | -15.40M | -11.32M | -8.51M | -9.94M | -8.88M |
| Free Cash Flow Per Share | -16.37 | -35.74 | ||||
| Gross Margin | 66.45% | 56.19% | 26.02% | 27.79% | 27.48% | 28.21% |
| Operating Margin | -83.52% | -124.82% | -182.59% | -145.52% | -146.91% | -99.92% |
| Profit Margin | -2,087.92% | -1,396.49% | 0.77% | -475.37% | -152.38% | -90.99% |
| Free Cash Flow Margin | -167.59% | -155.66% | -138.57% | -109.89% | -123.42% | -111.89% |
| EBITDA | -7.79M | -11.29M | -13.63M | -9.83M | -10.31M | -6.68M |
| EBITDA Margin | -77.93% | -114.07% | -166.87% | -127.04% | -128.12% | -84.18% |
| D&A For EBITDA | 558.07K | 1.06M | 1.28M | 1.43M | 1.51M | 1.25M |
| EBIT | -8.34M | -12.35M | -14.92M | -11.26M | -11.83M | -7.93M |
| EBIT Margin | -83.52% | -124.82% | -182.59% | -145.52% | -146.91% | -99.92% |
| Effective Tax Rate | 1.27% | |||||
| Revenue as Reported | 10.15M | 10.12M | 8.40M | 7.97M | 8.31M | 8.29M |
| Advertising Expenses | 337.68K | 427.40K | 920.88K | 1.22M | 300.26K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.36K | 245.28K | 453.16K | 76.88K | 223.03K | 205.28K |
| Cash & Short-Term Investments | 19.36K | 245.28K | 453.16K | 76.88K | 223.03K | 205.28K |
| Receivables | 1.01M | 347.76K | 638.89K | 721.93K | 494.71K | 224.47K |
| Inventory | 1.56M | 1.64M | 2.47M | 2.76M | 3.64M | 4.33M |
| Other Current Assets | 472.94K | 510.44K | 355.93K | 1.72M | 1.09M | 956.23K |
| Total Current Assets | 3.06M | 2.75M | 3.92M | 5.27M | 5.45M | 5.71M |
| Property, Plant & Equipment | 2.78M | 3.36M | 8.75M | 10.09M | 11.52M | 8.20M |
| Long-Term Investments | 10.93M | 10.93M | 14.29M | 10.86M | 10.86M | 10.86M |
| Goodwill | 589.87K | |||||
| Other Intangible Assets | 12.82M | 91.70M | 421.15K | |||
| Other Long-Term Assets | 11.96K | 17.96K | 31.67K | 44.82K | 121.09K | 121.09K |
| Total Assets | 29.60M | 108.76M | 28.00M | 26.27M | 27.96M | 24.90M |
| Accounts Payable | 3.77M | 1.98M | 4.98M | 5.23M | 3.15M | 1.76M |
| Accrued Expenses | 1.02M | 1.72M | 1.15M | 2.47M | 1.08M | 734.88K |
| Short-Term Debt | 14.12M | |||||
| Current Portion of Long-Term Debt | 2.36M | 2.35M | 3.76M | 36.43M | 13.88M | 2.99M |
| Current Portion of Leases | 671.26K | 730.93K | 1.13M | 1.29M | 1.45M | 52.65K |
| Current Income Taxes Payable | 1.41M | 1.56M | 1.54M | 1.47M | 1.29M | 1.64M |
| Current Unearned Revenue | 89.06K | 100.10K | 1.04M | 244.25K | 280.76K | |
| Other Current Liabilities | 578.32K | 446.96K | 1.15M | 787.15K | 753.12K | 569.11K |
| Total Current Liabilities | 9.81M | 8.89M | 13.81M | 62.85M | 21.85M | 8.04M |
| Long-Term Debt | 179.75K | 220.84K | 9.48M | 1.45M | 8.04M | 11.21M |
| Long-Term Leases | 1.28M | 1.44M | 2.81M | 3.08M | 3.29M | 13.45K |
| Other Long-Term Liabilities | 1.10M | 2.31M | 1.41M | 422.09K | ||
| Total Liabilities | 11.27M | 10.54M | 27.21M | 69.69M | 34.59M | 19.69M |
| Common Stock | 72.00 | 962.00 | 26.00 | 67.00 | 67.00 | 67.00 |
| Additional Paid-In Capital | 312.38M | 310.06M | 74.93M | 31.42M | 31.41M | 30.99M |
| Retained Earnings | -294.04M | -211.85M | -74.13M | -74.84M | -38.05M | -25.78M |
| Total Common Equity | 18.34M | 98.22M | 791.72K | -43.42M | -6.63M | 5.21M |
| Shareholders' Equity | 18.34M | 98.22M | 791.77K | -43.42M | -6.63M | 5.21M |
| Total Liabilities & Equity | 29.60M | 108.76M | 28.00M | 26.27M | 27.96M | 24.90M |
| Total Debt | 4.49M | 4.74M | 17.18M | 56.38M | 26.66M | 14.27M |
| Net Cash (Debt) | -4.47M | -4.50M | -16.73M | -56.31M | -26.44M | -14.07M |
| Net Cash Per Share | -4.37 | -10.43 | ||||
| Filing Date Shares Outstanding | 995.93K | 514.17K | 17.30K | 13.56K | ||
| Total Common Shares Outstanding | 721.58K | 482.55K | 13.18K | |||
| Working Capital | -6.74M | -6.14M | -9.89M | -57.58M | -16.40M | -2.32M |
| Book Value Per Share | 25.41 | 203.53 | 60.05 | |||
| Tangible Book Value | 5.52M | 6.51M | -219.30K | -43.42M | -6.63M | 5.21M |
| Tangible Book Value Per Share | 7.65 | 13.50 | -16.63 | |||
| Machinery | 3.19M | 4.71M | 6.21M | 6.21M | 5.93M | 5.82M |
| Construction In Progress | 84.96K | 11.50K | 128.60K | 412.18K | ||
| Leasehold Improvements | 478.79K | 478.79K | 6.93M | 7.38M | 7.35M | 6.37M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -209.58M | -137.72M | 710.46K | -36.80M | -12.27M | -7.22M |
| Depreciation & Amortization | 1.00M | 1.49M | 1.79M | 1.92M | 1.89M | 1.25M |
| Loss (Gain) From Sale of Assets | 1.19M | 991.65K | 241.54K | 43.29K | 38.38K | 294.38K |
| Loss (Gain) From Sale of Investments | 3.36M | 3.36M | -3.42M | |||
| Stock-Based Compensation | 3.67M | 4.49M | 4.89M | 18.59K | 86.66K | 73.22K |
| Other Operating Activities | 196.18M | 120.25M | -14.41M | 23.44M | -1.05M | -2.32M |
| Change in Accounts Receivable | -72.83K | 291.13K | 83.04K | -227.22K | -270.24K | 67.84K |
| Change in Inventory | 410.05K | 484.79K | 1.41M | 885.55K | 685.01K | 473.55K |
| Change in Accounts Payable | -3.11M | -3.00M | -672.35K | 1.08M | 1.36M | -698.24K |
| Change in Other Net Operating Assets | -9.74M | -5.96M | -1.84M | 1.16M | 227.60K | 388.40K |
| Operating Cash Flow | -16.70M | -15.33M | -11.22M | -8.48M | -9.30M | -7.69M |
| Capital Expenditures | -46.16K | -74.75K | -106.42K | -26.51K | -639.38K | -1.19M |
| Sale of Property, Plant & Equipment | 113.53K | 118.94K | 2.40K | 25.00K | ||
| Cash Acquisitions | 5.09K | |||||
| Other Investing Activities | -12.74M | -16.56M | ||||
| Investing Cash Flow | -12.67M | -16.52M | -101.33K | -24.11K | -614.38K | -1.19M |
| Short-Term Debt Issued | 250.00K | |||||
| Long-Term Debt Issued | 4.35M | 8.81M | 10.74M | 14.52M | ||
| Total Debt Issued | 4.35M | 8.81M | 10.99M | 14.52M | ||
| Short-Term Debt Repaid | -892.62K | |||||
| Long-Term Debt Repaid | -6.17M | -1.72M | -183.06K | -52.70K | -4.45M | |
| Total Debt Repaid | -5.90M | -6.17M | -1.72M | -183.06K | -945.33K | -4.45M |
| Net Debt Issued (Repaid) | -5.90M | -6.17M | 2.63M | 8.63M | 10.04M | 10.07M |
| Issuance of Common Stock | 4.09M | 4.82M | 5.96M | 49.98K | ||
| Repurchase of Common Stock | -2.85K | -2.00K | -3.69K | -11.34K | -12.96K | |
| Other Financing Activities | 30.08M | 30.08M | 1.08M | -262.90K | -152.95K | -1.19M |
| Financing Cash Flow | 28.39M | 31.64M | 11.69M | 8.36M | 9.93M | 8.88M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -982.13K | -207.88K | 376.28K | -146.16K | 17.76K | -128.00 |
| Free Cash Flow | -16.74M | -15.40M | -11.32M | -8.51M | -9.94M | -8.88M |
| Free Cash Flow Margin | -167.59% | -155.66% | -138.57% | -109.89% | -123.42% | -111.89% |
| Free Cash Flow Per Share | -16.37 | -35.74 | ||||
| Levered Free Cash Flow | -4.96M | -4.43M | -4.68M | -2.19M | -5.88M | |
| Unlevered Free Cash Flow | -4.61M | -3.41M | -3.09M | -612.15K | -4.25M | |
| Cash Interest Paid | 2.73M | 3.62M | 2.19M | 2.09M | 1.69M | 1.26M |
| Cash Income Tax Paid | 710.00 | 3.12K | 1.65K | 7.00K | 8.10K | 9.03K |
| Change in Working Capital | -12.52M | -8.18M | -1.02M | 2.89M | 2.00M | 231.55K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.60M | 14.31M | 7.98M | |||
| Enterprise Value | 7.07M | 18.64M | 59.62M | |||
| Last Close Price | 2.61 | 31.20 | 688.00 | |||
| PE Ratio | 127.08 | |||||
| PS Ratio | 0.26 | 1.45 | 0.98 | |||
| PB Ratio | 0.10 | 0.15 | 10.08 | |||
| P/TBV Ratio | 0.47 | 2.20 | ||||
| EV/Sales Ratio | 0.71 | 1.88 | 7.30 | |||
| Debt / Equity Ratio | 0.24 | 0.05 | 21.70 | -1.30 | -4.02 | 2.74 |
| Net Debt / Equity Ratio | 0.24 | 0.05 | 21.13 | -1.30 | -3.99 | 2.70 |
| Net Debt / EBITDA Ratio | -0.57 | -0.40 | -1.23 | -5.73 | -2.56 | -2.11 |
| Net Debt / FCF Ratio | -0.27 | -0.29 | -1.48 | -6.62 | -2.66 | -1.58 |
| Asset Turnover | 0.36 | 0.14 | 0.30 | 0.29 | 0.30 | |
| Inventory Turnover | 1.73 | 2.11 | 2.31 | 1.75 | 1.47 | |
| Quick Ratio | 0.10 | 0.07 | 0.08 | 0.01 | 0.03 | 0.05 |
| Current Ratio | 0.31 | 0.31 | 0.28 | 0.08 | 0.25 | 0.71 |
| Return on Equity (ROE) | -2,713.20% | -278.19% | ||||
| Return on Assets (ROA) | -18.58% | -11.29% | -34.36% | -25.97% | -27.97% | |
| Return on Invested Capital (ROIC) | -27.93% | -20.55% | -93.19% | -41.12% | ||
| Return on Capital Employed (ROCE) | -42.10% | -12.40% | -105.10% | 30.80% | -193.70% | -47.00% |
| Earnings Yield | -7,812.64% | -962.28% | 8.90% | |||
| FCF Yield | -644.11% | -107.63% | -141.84% |