NASDAQ : IPX
IperionX Limited — Financial statements
Materials · Other Industrial Metals & Mining · United States
Last price 15.01 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 782.44M
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Financial statements
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 29.75M | 29.75M | 13.07M | 8.00M | 6.65M | 6.26M |
| Research & Development | 25.19M | 25.19M | 12.57M | 8.66M | 5.60M | 1.08M |
| Other Operating Expenses | 218.10K | 218.10K | 1.18M | 209.18K | ||
| Operating Expenses | 69.71M | 69.71M | 39.27M | 22.62M | 17.66M | 21.87M |
| Operating Income | -69.71M | -69.71M | -39.27M | -22.62M | -17.66M | -21.87M |
| Interest Expense | -311.74K | -311.74K | -279.54K | -122.74K | -88.14K | -44.51K |
| Interest & Investment Income | 1.87M | 1.87M | 2.20M | 546.03K | 139.70K | 401.05K |
| Currency Exchange Gain (Loss) | -3.15M | -3.15M | 1.35M | -48.59K | 354.77K | |
| Other Non Operating Income (Expenses) | 4.58M | 4.58M | 912.70K | 614.02K | 60.47K | -7.76K |
| EBT Excluding Unusual Items | -66.72M | -66.72M | -35.09M | -21.63M | -17.19M | -21.52M |
| Gain (Loss) on Sale of Investments | -250.00K | |||||
| Gain (Loss) on Sale of Assets | -50.57K | -50.57K | -260.57K | -16.35K | ||
| Asset Writedown | -198.75K | |||||
| Pretax Income | -66.77M | -66.77M | -35.35M | -21.84M | -17.44M | -21.52M |
| Net Income | -66.77M | -66.77M | -35.35M | -21.84M | -17.44M | -21.52M |
| Net Income to Common | -66.77M | -66.77M | -35.35M | -21.84M | -17.44M | -21.52M |
| Shares Outstanding (Basic) | 335.74M | 335.74M | 296.89M | 217.84M | 168.03M | 134.61M |
| Shares Outstanding (Diluted) | 335.74M | 335.74M | 296.89M | 217.84M | 168.03M | 134.61M |
| EPS (Basic) | -0.20 | -0.20 | -0.12 | -0.10 | -0.10 | -0.16 |
| EPS (Diluted) | -0.20 | -0.20 | -0.12 | -0.10 | -0.10 | -0.16 |
| Free Cash Flow | -63.99M | -63.99M | -39.41M | -26.68M | -18.57M | -14.95M |
| Free Cash Flow Per Share | -0.19 | -0.19 | -0.13 | -0.12 | -0.11 | -0.11 |
| EBITDA | -66.13M | -66.13M | -37.79M | -22.49M | -17.48M | -21.84M |
| D&A For EBITDA | 3.58M | 3.58M | 1.48M | 124.75K | 177.15K | 33.73K |
| EBIT | -69.71M | -69.71M | -39.27M | -22.62M | -17.66M | -21.87M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 35.24M | 35.24M | 54.81M | 33.16M | 11.94M | 5.67M |
| Cash & Short-Term Investments | 35.24M | 35.24M | 54.81M | 33.16M | 11.94M | 5.67M |
| Other Receivables | 3.28M | 3.28M | 823.27K | 2.30M | 228.40K | 22.54K |
| Receivables | 3.28M | 3.28M | 823.27K | 2.30M | 228.40K | 22.54K |
| Inventory | 3.91M | 3.91M | 16.92K | |||
| Prepaid Expenses | 802.52K | 802.52K | 497.67K | 571.74K | 588.39K | 144.18K |
| Other Current Assets | 731.20K | 731.20K | 2.74M | 5.50M | ||
| Total Current Assets | 43.97M | 43.97M | 58.88M | 41.55M | 12.75M | 5.84M |
| Property, Plant & Equipment | 48.95M | 48.95M | 31.71M | 13.89M | 7.05M | 3.82M |
| Other Intangible Assets | 12.27M | 12.27M | 13.55M | |||
| Other Long-Term Assets | 559.83K | 559.83K | 897.74K | 3.00M | 250.00K | |
| Total Assets | 105.75M | 105.75M | 105.03M | 55.44M | 22.80M | 9.91M |
| Accounts Payable | 8.75M | 8.75M | 6.00M | 1.31M | 711.01K | 1.68M |
| Accrued Expenses | 2.43M | 2.43M | 1.77M | 259.32K | 455.24K | 221.59K |
| Current Portion of Long-Term Debt | 187.04K | 187.04K | 6.76K | 6.37K | 5.97K | 5.59K |
| Current Portion of Leases | 441.89K | 441.89K | 465.25K | 439.38K | 376.65K | 128.65K |
| Current Unearned Revenue | 1.77M | 1.77M | ||||
| Other Current Liabilities | 15.63K | 15.63K | 178.24K | 1.04M | 98.74K | 46.39K |
| Total Current Liabilities | 13.59M | 13.59M | 8.43M | 3.05M | 1.65M | 2.08M |
| Long-Term Debt | 5.72K | 5.72K | 12.30K | 18.52K | 24.89K | 30.86K |
| Long-Term Leases | 3.52M | 3.52M | 3.45M | 1.03M | 567.80K | 377.92K |
| Other Long-Term Liabilities | 333.00K | 333.00K | 700.00K | |||
| Total Liabilities | 17.45M | 17.45M | 12.59M | 4.10M | 2.24M | 2.49M |
| Common Stock | 250.98M | 250.98M | 197.99M | 112.96M | 58.76M | 29.78M |
| Retained Earnings | -176.00M | -176.00M | -109.23M | -73.88M | -52.20M | -34.75M |
| Comprehensive Income & Other | 13.32M | 13.32M | 3.69M | 12.26M | 14.00M | 12.39M |
| Shareholders' Equity | 88.30M | 88.30M | 92.44M | 51.34M | 20.56M | 7.42M |
| Total Liabilities & Equity | 105.75M | 105.75M | 105.03M | 55.44M | 22.80M | 9.91M |
| Total Debt | 4.16M | 4.16M | 3.93M | 1.49M | 975.31K | 543.03K |
| Net Cash (Debt) | 31.09M | 31.09M | 50.88M | 31.67M | 10.96M | 5.13M |
| Net Cash Per Share | 0.09 | 0.09 | 0.17 | 0.15 | 0.07 | 0.04 |
| Filing Date Shares Outstanding | 362.24M | 362.24M | 333.92M | 260.97M | 193.49M | 140.29M |
| Total Common Shares Outstanding | 339.38M | 339.38M | 319.93M | 257.24M | 193.49M | 140.29M |
| Working Capital | 30.38M | 30.38M | 50.45M | 38.50M | 11.11M | 3.76M |
| Book Value Per Share | 0.26 | 0.26 | 0.29 | 0.20 | 0.11 | 0.05 |
| Tangible Book Value | 76.03M | 76.03M | 78.89M | 51.34M | 20.56M | 7.42M |
| Tangible Book Value Per Share | 0.22 | 0.22 | 0.25 | 0.20 | 0.11 | 0.05 |
| Machinery | 40.07M | 40.07M | 22.35M | 6.51M | 3.03M | 956.80K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -66.77M | -66.77M | -35.35M | -21.84M | -17.44M | -21.52M |
| Depreciation & Amortization | 4.35M | 4.35M | 2.28M | 645.85K | 426.53K | 153.43K |
| Loss (Gain) From Sale of Assets | 50.57K | 50.57K | 260.57K | 16.35K | ||
| Asset Writedown & Restructuring Costs | 198.75K | |||||
| Loss (Gain) From Sale of Investments | 250.00K | |||||
| Stock-Based Compensation | 14.40M | 14.40M | 9.57M | 3.79M | 2.59M | 8.34M |
| Other Operating Activities | 3.15M | 3.15M | -1.35M | 48.59K | -354.77K | -379.12K |
| Change in Accounts Receivable | -282.58K | -282.58K | 1.12M | -2.07M | -650.07K | |
| Change in Inventory | -1.15M | -1.15M | ||||
| Change in Accounts Payable | 1.30M | 1.30M | 1.67M | 609.12K | -680.75K | |
| Change in Other Net Operating Assets | 1.27M | |||||
| Operating Cash Flow | -44.95M | -44.95M | -21.80M | -18.61M | -15.86M | -12.13M |
| Capital Expenditures | -19.04M | -19.04M | -17.61M | -8.07M | -2.71M | -2.82M |
| Sale of Property, Plant & Equipment | 1.90M | 1.90M | 9.42K | 2.04M | ||
| Sale (Purchase) of Intangibles | -1.35M | -1.35M | -6.68M | |||
| Investment in Securities | -250.00K | |||||
| Other Investing Activities | -73.69K | -73.69K | -500.00K | -3.00M | ||
| Investing Cash Flow | -18.56M | -18.56M | -24.28M | -6.53M | -5.71M | -3.07M |
| Long-Term Debt Issued | 38.68K | |||||
| Long-Term Debt Repaid | -1.31M | -1.31M | -517.58K | -423.84K | -518.25K | -81.00K |
| Lease Payments | -521.94K | -521.94K | -511.75K | -417.87K | -512.66K | -78.78K |
| Total Debt Repaid | -1.31M | -1.31M | -517.58K | -423.84K | -518.25K | -81.00K |
| Net Debt Issued (Repaid) | -1.31M | -1.31M | -517.58K | -423.84K | -518.25K | -42.32K |
| Issuance of Common Stock | 46.28M | 46.28M | 71.13M | 48.33M | 29.92M | 19.87M |
| Other Financing Activities | -1.79M | -1.79M | -2.62M | -1.32M | -1.51M | -430.81K |
| Financing Cash Flow | 43.18M | 43.18M | 67.99M | 46.59M | 27.89M | 19.39M |
| Foreign Exchange Rate Adjustments | 764.24K | 764.24K | -260.17K | -236.12K | -57.14K | -216.91K |
| Net Cash Flow | -19.57M | -19.57M | 21.66M | 21.22M | 6.27M | 3.97M |
| Free Cash Flow | -63.99M | -63.99M | -39.41M | -26.68M | -18.57M | -14.95M |
| Free Cash Flow Per Share | -0.19 | -0.19 | -0.13 | -0.12 | -0.11 | -0.11 |
| Levered Free Cash Flow | -45.07M | -45.07M | -27.48M | -24.08M | -12.11M | -6.75M |
| Unlevered Free Cash Flow | -44.87M | -44.87M | -27.31M | -24.00M | -12.06M | -6.72M |
| Free Cash Flow After Leases | -64.51M | -64.51M | -39.92M | -27.09M | -19.08M | -15.03M |
| Cash Interest Paid | 327.02K | 327.02K | 329.74K | 120.31K | 49.49K | 45.54K |
| Cash Income Tax Paid | 12.62K | 12.62K | ||||
| Change in Working Capital | -136.98K | -136.98K | 2.79M | -1.46M | -1.33M | 1.27M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 782.44M | 957.93M | 995.86M | 350.13M | 143.59M | 79.26M |
| Enterprise Value | 737.51M | 894.28M | 918.59M | 334.82M | 133.52M | 66.28M |
| Last Close Price | 15.01 | 29.73 | 31.50 | 13.93 | 7.29 | 5.80 |
| PB Ratio | 8.86 | 10.85 | 10.77 | 6.82 | 6.98 | 10.68 |
| P/TBV Ratio | 10.29 | 12.60 | 12.62 | 6.82 | 6.98 | 10.68 |
| Debt / Equity Ratio | 0.05 | 0.05 | 0.04 | 0.03 | 0.05 | 0.07 |
| Net Debt / Equity Ratio | -0.35 | -0.35 | -0.55 | -0.62 | -0.53 | -0.69 |
| Net Debt / EBITDA Ratio | 0.47 | 0.47 | 1.35 | 1.41 | 0.63 | 0.23 |
| Net Debt / FCF Ratio | 0.49 | 0.49 | 1.29 | 1.19 | 0.59 | 0.34 |
| Quick Ratio | 2.83 | 2.83 | 6.60 | 11.62 | 7.38 | 2.74 |
| Current Ratio | 3.24 | 3.24 | 6.99 | 13.62 | 7.74 | 2.81 |
| Return on Equity (ROE) | -73.88% | -73.88% | -49.17% | -60.76% | -124.68% | -468.88% |
| Return on Assets (ROA) | -41.34% | -41.34% | -30.59% | -36.13% | -67.49% | -215.25% |
| Return on Capital Employed (ROCE) | -75.60% | -75.60% | -40.70% | -43.20% | -83.50% | -279.40% |
| Earnings Yield | -13.52% | -6.97% | -3.55% | -6.24% | -12.15% | -27.15% |
| FCF Yield | -8.18% | -6.68% | -3.96% | -7.62% | -12.93% | -18.86% |
| Buyback Yield / Dilution | -13.09% | -13.09% | -36.29% | -29.65% | -24.83% | -95.66% |