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IP Strategy Holdings, Inc.(IPST)Earnings, Financials & Key Ratios
IPST•NASDAQ
$5.55
$54M mkt cap·Price updated May 6, 2026
AboutHeritage Distilling Holding Company, Inc. produces, markets, and sells craft spirits (whiskeys, vodkas, gins, rums, ready-to-drink canned cocktails) via wholesale distribution, its own distilleries, tasting rooms, and online. Recently announced an “IP Strategy” involving building a treasury reserve of the Story Protocol’s native $IP token, reflecting a move into cryptocurrency / IP token treasury management.Show more
- Revenue$10M+20.4%
- EBITDA-$11M+17.2%
- Net Income-$138M-19484.0%
- EPS (Diluted)-15.98+69.8%
- Gross Margin46.06%+82.1%
- EBITDA Margin-107.37%+31.3%
- Operating Margin-122.06%+31.3%
- Net Margin-1360.91%-16195.3%
- ROE-278.19%-410.0%
- ROIC-15.41%+79.1%
- Debt/Equity0.05-99.8%
- Interest Coverage-7.52-685.9%
IPST Key Insights
IP Strategy Holdings, Inc. (IPST) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
IPST Price & Volume
IP Strategy Holdings, Inc. (IPST) stock price & volume — 10-year historical chart
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IPST Growth Metrics
IP Strategy Holdings, Inc. (IPST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years6.79%
TTM20.43%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-19484.02%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM33.24%
Return on Capital
10 Years-65.7%
5 Years-65.7%
3 Years-59.5%
Last Year-21.66%
IPST Peer Comparison
IP Strategy Holdings, Inc. (IPST) competitors in Spirits and Ready-to-Drink Cocktails — 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 |
|---|---|---|---|---|---|---|---|---|
 MGPI | 412.89M | 19.32 | -3.87 | -23.77% | -45.97% | -32.05% | 0.37 | |
 KRUS | 662.77M | 55.62 | -347.63 | 18.88% | -1.37% | -1.75% | 0.74 | |
 SWKH | 192.33M | 15.90 | -75.71 | -7.85% | 8.4% | 0.14 | ||
 WVVI | 13.95M | 2.81 | -4.39 | -100% | -3.31% | -1.81% | 0.23 | |
 DEO | 47.01B | 84.58 | 19.95 | -0.12% | 14.7% | 54.04% | 1.85 | |
 STZ | 26.4B | 152.29 | -338.42 | 2.47% | 11.83% | 13.87% | 1.70 | |
 BEAM | 3.32B | 32.33 | -39.92 | 120.01% | -57.24% | -7.31% | 0.24 | |
 SAM | 2.21B | 206.36 | 20.87 | 3.69% | -2.92% | -7.3% | 0.04 |
Compare IPST vs Peers
IP Strategy Holdings, Inc. (IPST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IPST Income Statement
IP Strategy Holdings, Inc. (IPST) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Sales/Revenue | 8.29M | 8.31M | 7.97M | 8.4M | 10.12M |
| Revenue Growth % | - | 0.27% | -4.07% | 5.41% | 20.43% |
| Cost of Goods Sold | 6.05M | 6.1M | 5.82M | 6.28M | 5.46M |
| COGS % of Revenue | 72.99% | 73.38% | 73.01% | 74.7% | 53.94% |
| Gross Profit | 2.24M▲ 0% | 2.21M▼ 1.2% | 2.15M▼ 2.8% | 2.13M▼ 1.2% | 4.66M▲ 119.3% |
| Gross Margin % | 27.01% | 26.63% | 26.99% | 25.3% | 46.06% |
| Gross Profit Growth % | - | -1.16% | -2.77% | -1.17% | 119.26% |
| Operating Expenses | 10.17M | 14.04M | 13.42M | 17.04M | 17.01M |
| OpEx % of Revenue | 122.68% | 168.96% | 168.3% | 202.85% | 168.12% |
| Selling, General & Admin | 9.27M | 12.79M | 10.04M | 13.83M | 17.91M |
| SG&A % of Revenue | 111.91% | 153.96% | 125.89% | 164.57% | 177.01% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 892.24K | 1.25M | 3.38M | 3.22M | -899K |
| Operating Income | -7.93M▲ 0% | -11.83M▼ 49.2% | -11.26M▲ 4.8% | -14.92M▼ 32.4% | -12.35M▲ 17.2% |
| Operating Margin % | -95.67% | -142.33% | -141.32% | -177.55% | -122.06% |
| Operating Income Growth % | - | -49.19% | 4.76% | -32.44% | 17.21% |
| EBITDA | -6.68M | -9.94M | -9.34M | -13.13M | -10.86M |
| EBITDA Margin % | -80.6% | -119.59% | -117.19% | -156.22% | -107.37% |
| EBITDA Growth % | - | -48.79% | 6% | -40.51% | 17.23% |
| D&A (Non-Cash Add-back) | 1.25M | 1.89M | 1.92M | 1.79M | 1.49M |
| EBIT | -4.55M | -9.65M | -34.26M | 3.26M | -12.35M |
| Net Interest Income | -2.66M | -2.61M | -2.53M | -2.54M | -1.64M |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 2.66M | 2.61M | 2.53M | 2.54M | 1.64M |
| Other Income/Expense | 717.8K | -432.77K | -25.53M | 15.64M | -125.37M |
| Pretax Income | -7.21M▲ 0% | -12.26M▼ 70.0% | -36.79M▼ 200.1% | 719.61K▲ 102.0% | -137.72M▼ 19238.7% |
| Pretax Margin % | -87.01% | -147.54% | -461.55% | 8.56% | -1360.99% |
| Income Tax | 9.03K | 8.1K | 7K | 9.15K | -8.49K |
| Effective Tax Rate % | -0.13% | -0.07% | -0.02% | 1.27% | 0.01% |
| Net Income | -7.22M▲ 0% | -12.27M▼ 69.9% | -36.8M▼ 199.9% | 710.46K▲ 101.9% | -137.72M▼ 19484.0% |
| Net Margin % | -87.11% | -147.64% | -461.64% | 8.46% | -1360.91% |
| Net Income Growth % | - | -69.94% | -199.95% | 101.93% | -19484.02% |
| Net Income (Continuing) | -7.22M | -12.27M | -36.8M | 710.46K | -137.72M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -31.11▲ 0% | -52.87▼ 69.9% | -158.58▼ 199.9% | -52.96▲ 66.6% | -15.98▲ 69.8% |
| EPS Growth % | - | -69.95% | -199.94% | 66.6% | 69.83% |
| EPS (Basic) | -31.11 | -52.87 | -158.58 | -52.96 | -15.98 |
| Diluted Shares Outstanding | 232.04K | 232.04K | 232.04K | 263.68K | 8.62M |
| Basic Shares Outstanding | 232.04K | 232.04K | 232.04K | 263.68K | 8.62M |
| Dividend Payout Ratio | - | - | - | - | - |
IPST Balance Sheet
IP Strategy Holdings, Inc. (IPST) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Total Current Assets | 5.71M | 5.45M | 5.27M | 3.92M | 2.75M |
| Cash & Short-Term Investments | 205.28K | 223.03K | 76.88K | 453.16K | 245.28K |
| Cash Only | 205.28K | 223.03K | 76.88K | 453.16K | 245.28K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 224.47K | 494.71K | 721.93K | 638.89K | 347.76K |
| Days Sales Outstanding | 9.89 | 21.73 | 33.06 | 27.75 | 12.54 |
| Inventory | 4.33M | 3.64M | 2.76M | 2.47M | 1.64M |
| Days Inventory Outstanding | 261.11 | 218.02 | 172.86 | 143.73 | 109.87 |
| Other Current Assets | 956.23K | 1.09M | 1.72M | 355.93K | 510.44K |
| Total Non-Current Assets | 19.18M | 22.51M | 21M | 24.08M | 106.01M |
| Property, Plant & Equipment | 8.2M | 11.52M | 10.09M | 8.75M | 3.36M |
| Fixed Asset Turnover | 1.01x | 0.72x | 0.79x | 0.96x | 3.01x |
| Goodwill | 0 | 0 | 0 | 589.87K | 0 |
| Intangible Assets | 0 | 0 | 0 | 421.15K | 91.7M |
| Long-Term Investments | 10.86M | 10.86M | 10.86M | 14.29M | 10.93M |
| Other Non-Current Assets | 121.09K | 121.09K | 44.82K | 31.67K | 17.96K |
| Total Assets | 24.9M▲ 0% | 27.96M▲ 12.3% | 26.27M▼ 6.0% | 28M▲ 6.6% | 108.76M▲ 288.4% |
| Asset Turnover | 0.33x | 0.30x | 0.30x | 0.30x | 0.09x |
| Asset Growth % | - | 12.3% | -6.05% | 6.59% | 288.42% |
| Total Current Liabilities | 8.04M | 21.85M | 62.85M | 13.81M | 8.89M |
| Accounts Payable | 1.76M | 3.15M | 5.23M | 4.98M | 1.98M |
| Days Payables Outstanding | 106.48 | 188.78 | 327.91 | 289.56 | 132.4 |
| Short-Term Debt | 2.99M | 13.88M | 50.55M | 3.76M | 2.35M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 849.87K | 997.36K | 1.83M | 1.25M | 2.26M |
| Current Ratio | 0.71x | 0.25x | 0.08x | 0.28x | 0.31x |
| Quick Ratio | 0.17x | 0.08x | 0.04x | 0.10x | 0.12x |
| Cash Conversion Cycle | 164.51 | 50.97 | -122 | -118.08 | -9.99 |
| Total Non-Current Liabilities | 11.65M | 12.74M | 6.84M | 13.4M | 1.66M |
| Long-Term Debt | 11.21M | 8.04M | 1.45M | 9.48M | 220.84K |
| Capital Lease Obligations | 13.45K | 3.29M | 3.08M | 2.81M | 1.44M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 422.09K | 1.41M | 2.31M | 1.1M | 0 |
| Total Liabilities | 19.69M | 34.59M | 69.69M | 27.21M | 10.54M |
| Total Debt | 14.27M | 26.66M | 56.38M | 17.18M | 4.74M |
| Net Debt | 14.07M | 26.44M | 56.31M | 16.73M | 4.5M |
| Debt / Equity | 2.74x | - | - | 21.70x | 0.05x |
| Debt / EBITDA | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - |
| Interest Coverage | -1.71x | -3.69x | -13.56x | 1.28x | -7.52x |
| Total Equity | 5.21M▲ 0% | -6.63M▼ 227.3% | -43.42M▼ 554.8% | 791.77K▲ 101.8% | 98.22M▲ 12304.7% |
| Equity Growth % | - | -227.27% | -554.81% | 101.82% | 12304.68% |
| Book Value per Share | 22.45 | -28.58 | -187.13 | 3.00 | 11.39 |
| Total Shareholders' Equity | 5.21M | -6.63M | -43.42M | 791.77K | 98.22M |
| Common Stock | 67 | 67 | 67 | 556 | 962 |
| Retained Earnings | -25.78M | -38.05M | -74.84M | -74.13M | -211.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
IPST Cash Flow Statement
IP Strategy Holdings, Inc. (IPST) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash from Operations | -7.69M | -9.3M | -8.48M | -11.22M | -15.33M |
| Operating CF Margin % | -92.77% | -111.88% | -106.38% | -133.48% | -151.48% |
| Operating CF Growth % | - | -20.92% | 8.79% | -32.26% | -36.67% |
| Net Income | -7.22M | -12.27M | -36.8M | 710.46K | -137.72M |
| Depreciation & Amortization | 1.25M | 1.89M | 1.92M | 1.79M | 1.49M |
| Stock-Based Compensation | 73.22K | 86.66K | 18.59K | 4.89M | 125K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -2.02M | -1.01M | 23.48M | -17.59M | 128.96M |
| Working Capital Changes | 231.55K | 2M | 2.89M | -1.02M | -8.18M |
| Change in Receivables | 67.84K | -270.24K | -227.22K | 83.04K | 291.13K |
| Change in Inventory | 473.55K | 685.01K | 885.55K | 1.41M | 484.79K |
| Change in Payables | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.19M | -614.38K | -24.11K | -101.33K | -16.52M |
| Capital Expenditures | -1.19M | -639.38K | -26.51K | -106.42K | -74.75K |
| CapEx % of Revenue | 14.35% | 7.69% | 0.33% | 1.27% | 0.74% |
| Acquisitions | 0 | 0 | 0 | 5.09K | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 25K | 2.4K | 0 | -16.44M |
| Cash from Financing | 8.88M | 9.93M | 8.36M | 11.69M | 31.64M |
| Debt Issued (Net) | 10.07M | 10.04M | 8.63M | 2.63M | -6.17M |
| Equity Issued (Net) | 0 | -12.96K | -11.34K | 7.98M | 37.81M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -12.96K | -11.34K | -3.69K | -2K |
| Other Financing | -1.19M | -102.97K | -262.9K | 1.08M | 0 |
| Net Change in Cash | -128▲ 0% | 17.76K▲ 13971.9% | -146.16K▼ 923.1% | 376.28K▲ 357.5% | -207.88K▼ 155.2% |
| Free Cash Flow | -8.88M▲ 0% | -9.94M▼ 11.9% | -8.51M▲ 14.4% | -11.32M▼ 33.1% | -15.4M▼ 36.0% |
| FCF Margin % | -107.12% | -119.57% | -106.71% | -134.75% | -152.21% |
| FCF Growth % | - | -11.93% | 14.39% | -33.1% | -36.05% |
| FCF per Share | -38.26 | -42.82 | -36.66 | -42.94 | -1.79 |
| FCF Conversion (FCF/Net Income) | 1.06x | 0.76x | 0.23x | -15.79x | 0.11x |
| Interest Paid | 1.26M | 1.69M | 2.09M | 2.19M | 3.62M |
| Taxes Paid | 9.03K | 8.1K | 7K | 1.65K | 3.12K |
IPST Key Ratios
IP Strategy Holdings, Inc. (IPST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -138.56% | - | - | 89.73% | -278.19% |
| Return on Invested Capital (ROIC) | -30.84% | -45.39% | -51.68% | -73.6% | -15.41% |
| Gross Margin | 27.01% | 26.63% | 26.99% | 25.3% | 46.06% |
| Net Margin | -87.11% | -147.64% | -461.64% | 8.46% | -1360.91% |
| Debt / Equity | 2.74x | - | - | 21.70x | 0.05x |
| Interest Coverage | -1.71x | -3.69x | -13.56x | 1.28x | -7.52x |
| FCF Conversion | 1.06x | 0.76x | 0.23x | -15.79x | 0.11x |
| Revenue Growth | - | 0.27% | -4.07% | 5.41% | 20.43% |
IPST SEC Filings & Documents
IP Strategy Holdings, Inc. (IPST) SEC filings — annual & quarterly reports (10-K, 10-Q)
IPST Frequently Asked Questions
IP Strategy Holdings, Inc. (IPST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
IP Strategy Holdings, Inc. (IPST) reported $10.1M in revenue for fiscal year 2025. This represents a 22% increase from $8.3M in 2021.
IP Strategy Holdings, Inc. (IPST) grew revenue by 20.4% over the past year. This is strong growth.
IP Strategy Holdings, Inc. (IPST) reported a net loss of $137.7M for fiscal year 2025.
Dividend & Returns
IP Strategy Holdings, Inc. (IPST) has a return on equity (ROE) of -278.2%. Negative ROE indicates the company is unprofitable.
IP Strategy Holdings, Inc. (IPST) had negative free cash flow of $15.4M in fiscal year 2025, likely due to heavy capital investments.
Explore More IPST
IP Strategy Holdings, Inc. (IPST) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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