InsiderClue
Stocks · Consumer staples · Beverages

IP STRATEGY HOLDINGS, INC.

IPST Clue Score40
United States Fiscal year ends December CIK 0001788230
$3.01 +0.00% Close, 9 Oct 2026
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Price $3.01 +312.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Nov 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue8.0Operating income−11.3Net income−36.8EPS, diluted−96.45Fiscal year 2024Revenue8.4 +5.4%Operating income−14.9Net income0.7EPS, diluted−39.46Fiscal year 2025Revenue10.1 +20.4%Operating income−133.9Net income−137.7 −19,484.0%EPS, diluted−16.03
FY2023FY2024FY2025
Revenue 8.0 8.4 10.1
Growth +5.4% +20.4%
Operating income −11.3 −14.9 −133.9
Net income −36.8 0.7 −137.7
Growth −19,484.0%
EPS, diluted −96.45 −39.46 −16.03

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin27.0%Operating margin−141.3%Net margin−461.6%Free cash flow margin−106.7%Fiscal year 2024Gross margin25.3%Operating margin−177.6%Net margin8.5%Free cash flow margin−134.7%Fiscal year 2025Gross margin54.9%Operating margin−1,323.6%Net margin−1,360.9%Free cash flow margin−152.2%
FY2023FY2024FY2025
Gross margin 27.0% 25.3% 54.9%
Operating margin −141.3% −177.6% −1,323.6%
Net margin −461.6% 8.5% −1,360.9%
Free cash flow margin −106.7% −134.7% −152.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−8.5Capital expenditure−0.0Free cash flow−8.5Buybacks−0.0Fiscal year 2024Operating cash flow−11.2Capital expenditure−0.1Free cash flow−11.3Buybacks−0.0Fiscal year 2025Operating cash flow−15.3Capital expenditure−0.1Free cash flow−15.4Buybacks−0.0
FY2023FY2024FY2025
Operating cash flow −8.5 −11.2 −15.3
Capital expenditure −0.0 −0.1 −0.1
Free cash flow −8.5 −11.3 −15.4
Growth
Buybacks −0.0 −0.0 −0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash0.1Total debt14.3Net cash (debt)−14.2Shareholders’ equity−43.4Fiscal year 2024Cash0.5Total debt13.2Net cash (debt)−12.8Shareholders’ equity0.8Debt to equity16.72Fiscal year 2025Cash0.2Total debt2.6Net cash (debt)−2.3Shareholders’ equity98.2Debt to equity0.03
FY2023FY2024FY2025
Cash 0.1 0.5 0.2
Total debt 14.3 13.2 2.6
Net cash (debt) −14.2 −12.8 −2.3
Shareholders’ equity −43.4 0.8 98.2
Debt to equity n/a 16.72 0.03

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Assets
0.1 0.5 0.2
0.7 0.6 0.3
2.8 2.5 1.6
6.4 5.4 1.2
0.0 0.6 0.0
26.3 28.0 108.8
Growth +6.6% +288.4%
Liabilities
14.3 13.2 2.6
calc 14.3 13.2 2.6
69.7 27.2 10.5
Equity
−74.8 −74.1 −211.8
−43.4 0.8 98.2
Growth +12,304.7%
Per share and net cash
calc −14.2 −12.8 −2.3
0.4 0.3 9.7
calc −113.83 3.00 10.18

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.