For the twelve months ended Jun 30, 2026, IP Strategy Holdings Inc. reported $10.15M of revenue and -$209.58M of net income.
IPST revenue was $736.3K in fiscal Q2 2026 (ended Jun 30, 2026), down 44.3% from a year earlier and down 57.0% from the prior quarter. For the full fiscal 2025 it was $10.12M, up 20.4% from fiscal 2024.
IPST net income was -$15.45M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.30M a year earlier. For the full fiscal 2025 it was -$137.72M, compared with $710.5K in fiscal 2024.
IPST diluted EPS was -$13.30 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$16.03.
IPST free cash flow was -$1.64M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$708.9K a year earlier. For the full fiscal 2025 it was -$15.40M, compared with -$11.32M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $10.12M | $8.40M | $7.97M |
| Cost of revenue | $4.56M | $6.28M | $230.2K |
| Gross profit | $5.56M | $2.13M | $2.15M |
| Selling, general and admin | $12.41M | $11.01M | $7.48M |
| Operating income | -$133.94M | -$14.92M | -$11.26M |
| Interest expense | $1.64M | $2.54M | $2.53M |
| Pre-tax income | -$137.72M | $719.6K | -$36.79M |
| Income tax | -$8.5K | $9.2K | $7.0K |
| Net income | -$137.72M | $710.5K | -$36.80M |
| EPS, basic | -$16.03 | $0.98 | -$1929.00 |
| EPS, diluted | -$16.03 | -$39.46 | -$1929.00 |
| Diluted shares | 8.6M | 353,887 | 19,077.15 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $245.3K | $453.2K | $76.9K |
| Receivables | $347.8K | $638.9K | $721.9K |
| Inventory | $1.64M | $2.47M | $2.76M |
| Current assets | $2.75M | $3.92M | $5.27M |
| Goodwill | $0 | $589.9K | $0 |
| Total assets | $108.76M | $28.00M | $26.27M |
| Current liabilities | $8.89M | $13.81M | $62.85M |
| Long-term debt | - | $0 | $1.45M |
| Total debt | $2.57M | $0 | $1.45M |
| Total liabilities | $10.54M | $27.21M | $69.69M |
| Shareholders' equity | $98.22M | $791.8K | -$43.42M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$15.33M | -$11.22M | -$8.48M |
| Capital expenditures | $74.8K | $106.4K | $26.5K |
| Free cash flow | -$15.40M | -$11.32M | -$8.51M |
| Investing cash flow | -$16.52M | -$101.3K | -$24.1K |
| Financing cash flow | $31.64M | $11.69M | $8.36M |
| Share repurchases | $2.0K | $3.7K | $11.3K |
| Stock-based compensation | $4.49M | $4.89M | $18.6K |
| Depreciation and amortization | $1.06M | $1.28M | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | 20.4% | 5.4% | - |
| Gross margin | 54.9% | 25.3% | 27.0% |
| Operating margin | -1323.6% | -177.6% | -141.3% |
| Net margin | -1360.9% | 8.5% | -461.6% |
| Free cash flow margin | -152.2% | -134.7% | -106.7% |
| Return on equity | -140.2% | 89.7% | - |
| Return on assets | -126.6% | 2.5% | -140.1% |
| Current ratio | 0.31 | 0.28 | 0.08 |
| Debt to equity | 0.03 | 0.00 | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $736.3K | $1.71M | $4.72M | $2.99M | $1.32M | $1.09M | $3.09M | $1.76M | $1.84M | $1.71M | $2.45M | $2.09M |
| Cost of revenue | $327.4K | $543.1K | $1.49M | $1.16M | $1.09M | $820.1K | $2.75M | $1.13M | $47.2K | $45.8K | -$3.90M | $1.37M |
| Gross profit | $408.9K | $1.17M | $3.23M | $1.83M | $227.1K | $271.9K | $339.8K | $629.7K | $747.8K | $408.5K | $760.5K | $715.7K |
| Selling, general and admin | $3.25M | $2.65M | $4.15M | $1.96M | $4.90M | $1.41M | $6.37M | $1.44M | $1.75M | $1.45M | $1.47M | $1.30M |
| Operating income | -$14.83M | -$66.39M | -$123.70M | -$1.15M | -$6.65M | -$2.45M | -$8.31M | -$2.08M | -$2.30M | -$2.23M | -$2.09M | -$2.06M |
| Interest expense | $14.8K | $12.5K | - | - | $595.3K | $523.2K | - | - | $634.6K | $601.0K | - | - |
| Pre-tax income | -$15.45M | -$66.74M | -$373.09M | $245.69M | -$7.29M | -$3.03M | -$4.72M | -$3.43M | $8.42M | $452.8K | -$5.15M | -$3.43M |
| Income tax | $710 | $0 | -$49.44M | $49.43M | $3.1K | $0 | $0 | $0 | $9.2K | $0 | - | - |
| Net income | -$15.45M | -$66.74M | -$323.65M | $196.26M | -$7.30M | -$3.03M | -$4.72M | -$3.43M | $8.41M | $452.8K | -$5.16M | -$3.43M |
| EPS, basic | -$13.30 | -$134.70 | - | $16.97 | -$308.12 | -$135.34 | - | -$160.41 | $398.00 | $22.40 | - | -$179.80 |
| EPS, diluted | -$13.30 | -$134.70 | - | $16.97 | -$308.12 | -$135.34 | - | -$160.41 | $25.80 | $2.60 | - | -$179.80 |
| Diluted shares | 1.2M | 496,228 | - | 11.6M | 27,501 | 24,056 | - | 22,097 | 228,653.15 | 173,691.6 | - | 19,075.9 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $19.4K | $92.7K | $245.3K | $1.67M | $1.00M | $99.5K | $453.2K | $31.8K | $151.6K | $453.6K | $76.9K | $28.7K |
| Receivables | $283.5K | $179.6K | $347.8K | $202.8K | $210.7K | $199.3K | $638.9K | $300.5K | - | - | $721.9K | - |
| Inventory | $1.56M | $1.57M | $1.64M | $2.28M | $2.32M | $2.51M | $2.47M | $3.59M | - | - | $2.76M | - |
| Current assets | $3.06M | $3.82M | $2.75M | $4.94M | $3.10M | $3.25M | $3.92M | $5.91M | - | - | $5.27M | - |
| Goodwill | - | - | $0 | $589.9K | $589.9K | $589.9K | $589.9K | $637.0K | - | - | $0 | - |
| Total assets | $29.60M | $42.77M | $108.76M | $482.78M | $26.54M | $27.06M | $28.00M | $31.09M | - | - | $26.27M | - |
| Current liabilities | $9.81M | $8.79M | $8.89M | $10.36M | $16.44M | $13.94M | $13.81M | $46.50M | - | - | $62.85M | - |
| Long-term debt | - | - | - | - | - | - | $0 | $14.28M | - | - | $1.45M | - |
| Total debt | $2.54M | $2.56M | $2.57M | $2.60M | $12.98M | $12.96M | $0 | $14.28M | - | - | $1.45M | - |
| Total liabilities | $11.27M | $10.36M | $10.54M | $62.35M | $29.42M | $27.39M | $27.21M | $65.08M | - | - | $69.69M | - |
| Shareholders' equity | $18.34M | $32.41M | $98.22M | $420.43M | -$2.89M | -$329.0K | $791.8K | -$33.99M | -$32.74M | -$42.97M | -$43.42M | -$38.26M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.64M | -$2.45M | -$7.51M | -$5.09M | -$697.7K | -$2.03M | -$4.99M | -$845.3K | -$2.72M | -$2.66M | -$2.41M | - |
| Capital expenditures | $0 | $0 | $0 | $46.2K | $11.3K | $17.3K | $74.3K | -$259.9K | $292.0K | $0 | - | - |
| Free cash flow | -$1.64M | -$2.45M | -$7.51M | -$5.14M | -$708.9K | -$2.05M | -$5.06M | -$1.11M | -$3.01M | -$2.66M | - | - |
| Investing cash flow | $1.59M | $2.31M | $4.43M | -$21.00M | -$10.0K | $65.3K | -$74.3K | $259.9K | -$292.0K | $5.1K | $149.6K | - |
| Financing cash flow | -$21.9K | -$11.0K | $1.65M | $26.77M | $1.61M | $1.61M | $5.48M | $465.6K | $2.71M | $3.03M | $2.31M | - |
| Share repurchases | - | - | $2.0K | $0 | - | - | $0 | $1.3K | - | - | $810 | - |
| Stock-based compensation | $1.37M | $942.9K | $1.44M | -$77.1K | $3.13M | $0 | $4.89M | $0 | - | - | $0 | - |
| Depreciation and amortization | $33.6K | $30.8K | - | - | $273.9K | $296.5K | $300.3K | - | - | - | - | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -44.3% | 56.8% | 52.5% | 69.7% | -28.3% | -36.0% | 26.4% | -15.6% | - | - | - | - |
| Gross margin | 55.5% | 68.3% | 68.5% | 61.3% | 17.2% | 24.9% | 11.0% | 35.8% | 40.6% | 23.9% | 31.1% | 34.3% |
| Operating margin | -2014.3% | -3877.6% | -2622.6% | -38.4% | -503.0% | -224.5% | -268.8% | -118.1% | -124.7% | -130.5% | -85.4% | -98.5% |
| Net margin | -2098.0% | -3898.1% | -6862.0% | 6566.2% | -551.9% | -277.8% | -152.5% | -194.9% | 456.3% | 26.5% | -210.8% | -164.3% |
| Free cash flow margin | -223.3% | -143.3% | -159.2% | -171.9% | -53.6% | -187.6% | -163.7% | -62.7% | -163.6% | -155.9% | - | - |
| Current ratio | 0.31 | 0.43 | 0.31 | 0.48 | 0.19 | 0.23 | 0.28 | 0.13 | - | - | 0.08 | - |
| Debt to equity | 0.14 | 0.08 | 0.03 | 0.01 | - | - | 0.00 | - | - | - | - | - |
Source: XBRL data IP Strategy Holdings Inc. files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported Nov 18, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| IPST | $10.15M | +39.7% | -$209.58M | -2064.0% | $2.1M |
| KO | $51.05B | +7.1% | $14.63B | 28.7% | $411.56B |
| PEP | $98.24B | +6.4% | $10.90B | 11.1% | $192.61B |
| KOF | MXN 291.75B | +4.3% | MXN 23.84B | 8.2% | $192.32B |
| BUD | $59.32B | -0.7% | $6.84B | 11.5% | $165.57B |
| MNST | $9.58B | +20.2% | $2.17B | 22.7% | $134.35B |
| DEO | $27.76B | -0.7% | $1.96B | 7.1% | $55.53B |
| CCEP | €20.90B | +2.3% | €1.94B | 9.3% | $52.72B |
| KDP | $20.09B | +27.5% | $1.43B | 7.1% | $49.84B |