Innovation Beverage Group Limited(IBG)Earnings, Financials & Key Ratios
IBG•NASDAQ
$0.98
$2M mkt cap·Price updated May 6, 2026
SectorConsumer DefensiveIndustryAlcoholic BeveragesSub-IndustryAlcohol E-commerce and Brand Incubators
AboutInnovation Beverage Group, together with its subsidiaries, develops, manufactures, sells, and exports alcoholic beverages in Australia and the United States. The company offers bitters under the Australian Bitters Company and BitterTales brands; bottled cocktails under the Twisted Shaker brand; light spirits; and mixers. It also provides non-alcoholic beverages; non-alcoholic spirits under the Drummerboy brands; and other alcoholic beverages under the Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs brands. In addition, the company retails wines and spirits, as well as its other products, through its online marketplaces consisting of www.wiredforwine.com, www.bevmart.com, www.bevmart.com.au, and www.drummerboy.com. The company was formerly known as Australian Boutique Spirits PTY LTD and changed its name to Innovation Beverage Group Limited in June 2022. Innovation Beverage Group was incorporated in 2018 and is based in Seven Hills, Australia.Show more
- Revenue$3M-6.9%
- EBITDA-$2M-13.2%
- Net Income-$3M-27.7%
- EPS (Diluted)-1.55-16.5%
- Gross Margin20.41%-68.7%
- EBITDA Margin-72.84%-21.5%
- Operating Margin-88.19%-29.8%
- Net Margin-87.72%-37.1%
- ROE-159.34%+64.2%
- ROIC-87.31%-15.5%
- Debt/Equity0.07-97.4%
- Interest Coverage-10.59-28.9%
IBG Key Insights
Innovation Beverage Group Limited (IBG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
IBG Price & Volume
Innovation Beverage Group Limited (IBG) stock price & volume — 10-year historical chart
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IBG Growth Metrics
Innovation Beverage Group Limited (IBG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-7.87%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-132.61%
5 Years-132.61%
3 Years-233.75%
Last Year-155.2%
IBG Peer Comparison
Innovation Beverage Group Limited (IBG) competitors in Alcohol E-commerce and Brand Incubators — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WVVI | 13.95M | 2.81 | -4.39 | -100% | -3.31% | -1.81% | 0.23 | |
 MGPI | 412.89M | 19.32 | -3.87 | -23.77% | -45.97% | -32.05% | 0.37 | |
 SAM | 2.21B | 206.36 | 20.87 | 3.69% | -2.92% | -7.3% | 0.04 | |
 CRBP | 137.7M | 10.99 | -1.86 | -65.76% | 0.01 | |||
 FIZZ | 3.27B | 34.96 | 17.57 | 0.81% | 15.55% | 39.28% | 0.16 | |
 CELH | 8.43B | 32.80 | 131.20 | 85.54% | 4.29% | 4.66% | 0.23 | |
 COCO | 3.92B | 68.64 | 57.68 | 18.17% | 12.59% | 25.43% | 0.04 | |
 STZ | 26.4B | 152.29 | -338.42 | 2.47% | 11.83% | 13.87% | 1.70 |
Compare IBG vs Peers
Innovation Beverage Group Limited (IBG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IBG Income Statement
Innovation Beverage Group Limited (IBG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 2.18M | 3.75M | 4.53M | 3.15M | 2.93M | 7.68M |
| Revenue Growth % | - | 71.8% | 20.87% | -30.52% | -6.88% | - |
| Cost of Goods Sold | 441.71K | 1.26M | 2.12M | 1.09M | 699.33K | 6.81M |
| COGS % of Revenue | 20.25% | 33.51% | 46.9% | 34.73% | 23.86% | - |
| Gross Profit | 1.74M▲ 0% | 2.49M▲ 43.2% | 2.41M▼ 3.5% | 2.05M▼ 14.6% | 598.32K▼ 70.9% | 867.01K▲ 0% |
| Gross Margin % | 79.75% | 66.49% | 53.1% | 65.27% | 20.41% | 11.29% |
| Gross Profit Growth % | - | 43.24% | -3.48% | -14.6% | -70.88% | - |
| Operating Expenses | 1.05M | 2.44M | 5.74M | 4.19M | 5.43M | 6.34M |
| OpEx % of Revenue | 48.34% | 65.05% | 126.75% | 133.22% | 185.21% | - |
| Selling, General & Admin | 871.34K | 2.14M | 4.57M | 3.41M | 3.18M | 6.34M |
| SG&A % of Revenue | 39.94% | 56.97% | 100.98% | 108.27% | 108.6% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 183.42K | 302.74K | 1.17M | 785.34K | 2.25M | 0 |
| Operating Income | 685.29K▲ 0% | 54.17K▼ 92.1% | -3.34M▼ 6259.8% | -2.14M▲ 35.9% | -2.58M▼ 20.8% | -5.48M▲ 0% |
| Operating Margin % | 31.41% | 1.45% | -73.65% | -67.96% | -88.19% | -71.31% |
| Operating Income Growth % | - | -92.1% | -6259.81% | 35.89% | -20.84% | - |
| EBITDA | 731.56K | 212.41K | -3.09M | -1.89M | -2.14M | -4.98M |
| EBITDA Margin % | 33.53% | 5.67% | -68.24% | -59.94% | -72.84% | -64.84% |
| EBITDA Growth % | - | -70.97% | -1555.54% | 38.97% | -13.15% | - |
| D&A (Non-Cash Add-back) | 46.27K | 158.24K | 244.88K | 252.17K | 449.91K | 497.05K |
| EBIT | 831.98K | 120.84K | -4.27M | -1.99M | -2.81M | -6.27M |
| Net Interest Income | 30.73K | 39.9K | -171.58K | -206.71K | -180.48K | -378.29K |
| Interest Income | 36.88K | 72.45K | 31.32K | 53.76K | 63.69K | 85.08K |
| Interest Expense | 6.14K | 32.55K | 202.9K | 260.47K | 244.17K | 463.37K |
| Other Income/Expense | 140.54K | 34.12K | -1.14M | -115.99K | 139.43K | -1.26M |
| Pretax Income | 825.83K▲ 0% | 88.29K▼ 89.3% | -4.48M▼ 5171.8% | -2.26M▲ 49.6% | -3.06M▼ 35.6% | -6.73M▲ 0% |
| Pretax Margin % | 37.85% | 2.36% | -98.84% | -71.64% | -104.31% | -87.69% |
| Income Tax | 230.07K | 56.53K | -350.06K | -241.11K | -486.28K | -591.17K |
| Effective Tax Rate % | 27.86% | 64.02% | 7.82% | 10.69% | 15.9% | 8.78% |
| Net Income | 595.77K▲ 0% | 31.76K▼ 94.7% | -4.13M▼ 13095.5% | -2.01M▲ 51.2% | -2.57M▼ 27.7% | -6.14M▲ 0% |
| Net Margin % | 27.31% | 0.85% | -91.11% | -63.98% | -87.72% | -79.99% |
| Net Income Growth % | - | -94.67% | -13095.53% | 51.21% | -27.68% | - |
| Net Income (Continuing) | 595.77K | 31.76K | -4.13M | -2.01M | -2.57M | -6.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.30▲ 0% | 0.02▼ 95.0% | -2.75▼ 18433.3% | -1.33▲ 51.6% | -1.55▼ 16.5% | -4.06▲ 0% |
| EPS Growth % | - | -95% | -18433.33% | 51.64% | -16.54% | - |
| EPS (Basic) | 0.30 | 0.02 | -2.75 | -1.33 | -1.55 | - |
| Diluted Shares Outstanding | 2M | 2M | 1.5M | 1.51M | 1.66M | 1.51M |
| Basic Shares Outstanding | 2M | 2M | 1.5M | 1.51M | 1.66M | 1.51M |
| Dividend Payout Ratio | - | - | - | - | - | - |
IBG Balance Sheet
Innovation Beverage Group Limited (IBG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 858.53K | 3.81M | 3.38M | 2.07M | 2.59M | 2.07M |
| Cash & Short-Term Investments | 403.49K | 1.56M | 91.99K | 14.14K | 619.94K | 14.14K |
| Cash Only | 403.49K | 1.56M | 91.99K | 14.14K | 619.94K | 14.14K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 15.04K | 995.67K | 1.61M | 455.04K | 14.68K | 455.04K |
| Days Sales Outstanding | 2.52 | 96.96 | 129.77 | 52.76 | 1.83 | 57.58 |
| Inventory | 428.45K | 1.07M | 1.41M | 989.59K | 1.12M | 989.59K |
| Days Inventory Outstanding | 354.04 | 311.06 | 242.54 | 330.36 | 582.73 | 69.05 |
| Other Current Assets | 0 | 0 | 0 | 441.03K | 405.69K | 441.03K |
| Total Non-Current Assets | 2.6M | 2.71M | 1.19M | 2.86M | 2.37M | 2.86M |
| Property, Plant & Equipment | 637.89K | 549.65K | 371.57K | 203.69K | 322.44K | 203.69K |
| Fixed Asset Turnover | 3.42x | 6.82x | 12.19x | 15.45x | 9.09x | 23.57x |
| Goodwill | 0 | 951.8K | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 421.56K | 392.49K | 371.63K | 339.03K | 371.63K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.92M | 733.89K | 34.69K | 1.82M | 814.74K | 2.68M |
| Total Assets | 3.46M▲ 0% | 6.51M▲ 88.5% | 4.56M▼ 29.9% | 4.93M▲ 8.1% | 4.96M▲ 0.5% | 4.93M▲ 0% |
| Asset Turnover | 0.63x | 0.58x | 0.99x | 0.64x | 0.59x | 1.59x |
| Asset Growth % | - | 88.51% | -29.94% | 8.08% | 0.48% | -40.04% |
| Total Current Liabilities | 1.57M | 2.55M | 4.13M | 4.28M | 2.28M | 4.28M |
| Accounts Payable | 1.42M | 2.21M | 3.65M | 3.89M | 1.9M | 3.89M |
| Days Payables Outstanding | 1.17K | 643.45 | 627.75 | 1.3K | 992.49 | 101.03 |
| Short-Term Debt | 197.78K | 708.06K | 1.51M | 1.6M | 144.25K | 1.6M |
| Deferred Revenue (Current) | 0 | 170.83K | 159.51K | 161.04K | 0 | 638.83K |
| Other Current Liabilities | -197.78K | -708.06K | -1.35M | -1.43M | 88.4K | -1.43M |
| Current Ratio | 0.55x | 1.49x | 0.82x | 0.48x | 1.14x | 1.14x |
| Quick Ratio | 0.27x | 1.07x | 0.48x | 0.25x | 0.65x | 0.65x |
| Cash Conversion Cycle | -814.72 | -235.44 | -255.44 | -914.39 | -407.93 | 25.6 |
| Total Non-Current Liabilities | 422.45K | 267.02K | 135.45K | 45.85K | 57.8K | 45.85K |
| Long-Term Debt | 0 | 0 | 47.26K | 0 | 0 | 0 |
| Capital Lease Obligations | 410.45K | 248.78K | 69.72K | 0 | 40.11K | 219.94K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12K | 18.24K | 18.46K | 45.85K | 17.69K | 113.08K |
| Total Liabilities | 1.99M | 2.82M | 4.27M | 4.32M | 2.34M | 4.32M |
| Total Debt | 758.98K | 1.12M | 1.78M | 1.66M | 184.35K | 1.66M |
| Net Debt | 355.5K | -435.68K | 1.69M | 1.65M | -435.59K | 1.65M |
| Debt / Equity | 0.52x | 0.30x | 6.03x | 2.73x | 0.07x | 0.07x |
| Debt / EBITDA | 1.04x | 5.29x | - | - | - | -0.33x |
| Net Debt / EBITDA | 0.49x | -2.05x | - | - | - | -0.33x |
| Interest Coverage | 111.52x | 1.66x | -16.44x | -8.21x | -10.59x | -13.53x |
| Total Equity | 1.46M▲ 0% | 3.69M▲ 152.3% | 295.7K▼ 92.0% | 608.47K▲ 105.8% | 2.62M▲ 330.4% | 608.47K▲ 0% |
| Equity Growth % | - | 152.3% | -92% | 105.77% | 330.44% | -76.78% |
| Book Value per Share | 0.73 | 1.84 | 0.20 | 0.40 | 1.58 | 0.40 |
| Total Shareholders' Equity | 1.46M | 3.69M | 295.7K | 608.47K | 2.62M | 608.47K |
| Common Stock | 420 | 3.94M | 4.63M | 6.98M | 11.62M | 6.98M |
| Retained Earnings | 1.36M | -203.03K | -4.22M | -6.21M | -8.8M | -6.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 103.07K | -44.44K | -112.93K | -158.65K | -204.72K | -158.65K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
IBG Cash Flow Statement
Innovation Beverage Group Limited (IBG) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 1M | -843.59K | -2.86M | 30.09K | -1.58M | -1.58M |
| Operating CF Margin % | 45.98% | -22.51% | -63.17% | 0.96% | -53.74% | - |
| Operating CF Growth % | - | -184.09% | -239.22% | 101.05% | -5334.42% | 206.79% |
| Net Income | 595.77K | 31.76K | -4.13M | -2.01M | -2.57M | -6.14M |
| Depreciation & Amortization | 46.27K | 158.24K | 244.88K | 252.17K | 449.91K | 497.05K |
| Stock-Based Compensation | 0 | 0 | 201.1K | 803.22K | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 0 | 951.8K | 380.16K | 1.73M | 2.34M |
| Working Capital Changes | 361.15K | -1.03M | -131.69K | 608.49K | -1.18M | 474.73K |
| Change in Receivables | 101.56K | -959.66K | 7.4K | -126.6K | 720.03K | -119.2K |
| Change in Inventory | -285.92K | -318.18K | -341.63K | 422.32K | -126.91K | 80.68K |
| Change in Payables | 500.75K | 255.82K | 799.32K | 434.21K | -677.44K | 1.23M |
| Cash from Investing | -708.83K | -1.76M | 36.96K | -119.5K | -61.02K | -82.54K |
| Capital Expenditures | -4.25K | -46.32K | -10.35K | -502 | -6.38K | -39.28K |
| CapEx % of Revenue | 0.19% | 1.24% | 0.23% | 0.02% | 0.22% | - |
| Acquisitions | 0 | -748.76K | 0 | 0 | 0 | 2.39K |
| Investments | - | - | - | - | - | - |
| Other Investing | -704.57K | -963.15K | 47.31K | -119K | -54.64K | -45.65K |
| Cash from Financing | -5.21K | 3.91M | 1.34M | 25.94K | 2.14M | 1.37M |
| Debt Issued (Net) | -5.21K | -36.63K | 829.75K | -247.68K | -1.18M | -23.32K |
| Equity Issued (Net) | 0 | 1000K | 512.29K | 273.61K | 1000K | 785.91K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 605.39K |
| Net Change in Cash | 371.98K▲ 0% | 1.16M▲ 210.7% | -1.47M▼ 227.0% | -77.85K▲ 94.7% | 605.8K▲ 878.2% | -22.08K▲ 0% |
| Free Cash Flow | 998.93K▲ 0% | -1.36M▼ 236.1% | -2.9M▼ 113.3% | 28.55K▲ 101.0% | -1.58M▼ 5641.0% | -2.84M▲ 0% |
| FCF Margin % | 45.79% | -36.27% | -64% | 0.91% | -53.96% | -37.02% |
| FCF Growth % | - | -236.1% | -113.26% | 100.98% | -5641.01% | - |
| FCF per Share | 0.50 | -0.68 | -1.93 | 0.02 | -0.95 | -0.95 |
| FCF Conversion (FCF/Net Income) | 1.68x | -26.56x | 0.69x | -0.01x | 0.61x | 0.46x |
| Interest Paid | 6.14K | 32.55K | 5.73K | 131.15K | 0 | 0 |
| Taxes Paid | 0 | 158.2K | 0 | 0 | 0 | 0 |
IBG Key Ratios
Innovation Beverage Group Limited (IBG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 1.23% | -206.89% | -445.48% | -159.34% | -1009.37% |
| Return on Invested Capital (ROIC) | 1.6% | -95.39% | -75.58% | -87.31% | -87.31% |
| Gross Margin | 66.49% | 53.1% | 65.27% | 20.41% | 11.29% |
| Net Margin | 0.85% | -91.11% | -63.98% | -87.72% | -79.99% |
| Debt / Equity | 0.30x | 6.03x | 2.73x | 0.07x | 0.07x |
| Interest Coverage | 1.66x | -16.44x | -8.21x | -10.59x | -13.53x |
| FCF Conversion | -26.56x | 0.69x | -0.01x | 0.61x | 0.46x |
| Revenue Growth | 71.8% | 20.87% | -30.52% | -6.88% | - |
IBG Frequently Asked Questions
Innovation Beverage Group Limited (IBG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Innovation Beverage Group Limited (IBG) reported $7.7M in revenue for fiscal year 2024. This represents a 252% increase from $2.2M in 2020.
Innovation Beverage Group Limited (IBG) saw revenue decline by 6.9% over the past year.
Innovation Beverage Group Limited (IBG) reported a net loss of $6.1M for fiscal year 2024.
Dividend & Returns
Innovation Beverage Group Limited (IBG) has a return on equity (ROE) of -159.3%. Negative ROE indicates the company is unprofitable.
Innovation Beverage Group Limited (IBG) had negative free cash flow of $2.8M in fiscal year 2024, likely due to heavy capital investments.
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