InsiderClue
Stocks · Consumer staples · Beverages

IP STRATEGY HOLDINGS, INC.

IPST Clue Score40
United States Fiscal year ends December CIK 0001788230
$2.85 -5.32% Close, 12 Oct 2026
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Price $2.85 +316.18% Close, 12 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

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
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Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
27.0% 25.3% 54.9%
−141.3% −177.6% −1,323.6%
−461.6% 8.6% −1,361.0%
−461.6% 8.5% −1,360.9%
−106.7% −134.7% −152.2%
Spending
93.8% 131.0% 122.7%
0.3% 1.3% 0.7%
n/a 1.3% n/a
Returns
n/a 89.7% −140.2%
−140.1% 2.5% −126.6%
Balance and payout
n/a 16.72 0.03
265.3% 97.2% 9.7%