The company's capital structure appears highly vulnerable, evidenced by a current ratio of 0.43 and an accumulated deficit that has reached $278.6 million.
| Total Current Assets | 3.82M | 2.75M | 3.92M | 5.27M | 5.45M | 5.71M |
| Cash & Short-Term Investments | 92.7K | 245.28K | 453.16K | 76.88K | 223.03K | 205.28K |
| Cash Only | 92.7K | 245.28K | 453.16K | 76.88K | 223.03K | 205.28K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.66M | 347.76K | 638.89K | 721.93K | 494.71K | 224.47K |
| Days Sales Outstanding | 20.55 | 12.54 | 27.75 | 33.06 | 21.73 | 9.89 |
| Inventory | 1.57M | 1.64M | 2.47M | 2.76M | 3.64M | 4.33M |
| Days Inventory Outstanding | 151.53 | 109.87 | 143.73 | 172.86 | 218.02 | 261.11 |
| Other Current Assets | 497.08K | 510.44K | 355.93K | 1.72M | 1.09M | 956.23K |
| Total Non-Current Assets | 38.95M | 106.01M | 24.08M | 21M | 22.51M | 19.18M |
| Property, Plant & Equipment | 3.17M | 3.36M | 8.75M | 10.09M | 11.52M | 8.2M |
| Fixed Asset Turnover | 1.99x | 3.01x | 0.96x | 0.79x | 0.72x | 1.01x |
| Goodwill | 0 | 0 | 589.87K | 0 | 0 | 0 |
| Intangible Assets | 24.84M | 91.7M | 421.15K | 0 | 0 | 0 |
| Long-Term Investments | 506.07M | 10.93M | 14.29M | 10.86M | 10.86M | 10.86M |
| Other Non-Current Assets | 11.96K | 17.96K | 31.67K | 44.82K | 121.09K | 121.09K |
| Total Assets | 42.77M | 108.76M | 28M | 26.27M | 27.96M | 24.9M |
| Asset Turnover | 0.07x | 0.09x | 0.30x | 0.30x | 0.30x | 0.33x |
| Asset Growth % | 1784.28% | 288.42% | 6.59% | -6.05% | 12.3% | - |
| Total Current Liabilities | 8.79M | 8.89M | 13.81M | 62.85M | 21.85M | 8.04M |
| Accounts Payable | 2.03M | 1.98M | 4.98M | 5.23M | 3.15M | 1.76M |
| Days Payables Outstanding | 270.83 | 132.4 | 289.56 | 327.91 | 188.78 | 106.48 |
| Short-Term Debt | 3.05M | 2.35M | 3.76M | 50.55M | 13.88M | 2.99M |
| Deferred Revenue (Current) | 91.31K | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.3M | 2.26M | 1.25M | 1.83M | 997.36K | 849.87K |
| Current Ratio | 0.43x | 0.31x | 0.28x | 0.08x | 0.25x | 0.71x |
| Quick Ratio | 0.26x | 0.12x | 0.10x | 0.04x | 0.08x | 0.17x |
| Cash Conversion Cycle | -98.75 | -9.99 | -118.08 | -122 | 50.97 | 164.51 |
| Total Non-Current Liabilities | 1.56M | 1.66M | 13.4M | 6.84M | 12.74M | 11.65M |
| Long-Term Debt | 203.35K | 220.84K | 9.48M | 1.45M | 8.04M | 11.21M |
| Capital Lease Obligations | 7.82M | 1.44M | 2.81M | 3.08M | 3.29M | 13.45K |
| Deferred Tax Liabilities | 49.43M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 1.1M | 2.31M | 1.41M | 422.09K |
| Total Liabilities | 10.36M | 10.54M | 27.21M | 69.69M | 34.59M | 19.69M |
| Total Debt | 4.62M | 4.74M | 17.18M | 56.38M | 26.66M | 14.27M |
| Net Debt | 4.52M | 4.5M | 16.73M | 56.31M | 26.44M | 14.07M |
| Debt / Equity | 0.14x | 0.05x | 21.70x | - | - | 2.74x |
| Debt / EBITDA | -0.06x | - | - | - | - | - |
| Net Debt / EBITDA | -0.06x | - | - | - | - | - |
| Interest Coverage | 150.82x | -7.52x | 1.28x | -13.56x | -3.69x | -1.71x |
| Total Equity | 32.41M | 98.22M | 791.77K | -43.42M | -6.63M | 5.21M |
| Equity Growth % | 23685.83% | 12304.68% | 101.82% | -554.81% | -227.27% | - |
| Book Value per Share | 65.32 | 11.39 | 3.00 | -187.13 | -28.58 | 22.45 |
| Total Shareholders' Equity | 32.41M | 98.22M | 791.77K | -43.42M | -6.63M | 5.21M |
| Common Stock | 51 | 962 | 556 | 67 | 67 | 67 |
| Retained Earnings | -278.59M | -211.85M | -74.13M | -74.84M | -38.05M | -25.78M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall
As reported in recent financial filings, IPST's total assets have experienced extreme fluctuations, dropping from $482.8 million in 2025Q3 to $42.8 million by 2026Q1, signaling a highly unstable capital base that appears to be contracting rapidly as the company struggles to maintain its operational footprint.
The dramatic decline in asset value suggests that the company may have undergone significant write-downs or divestitures, undermining the stability of its financial position. Investors should monitor whether this contraction reflects a strategic pivot or a forced liquidation of assets to cover ongoing operational deficits.
Based on the most recent quarterly data, IPST maintains a precarious cash position of only $92,700, which, when compared to the current ratio of 0.43, indicates a severe lack of liquidity to meet short-term obligations and suggests an urgent need for external capital infusion.
The current ratio consistently below 1.0 over the last ten quarters highlights a structural inability to cover current liabilities with existing liquid assets. This persistent liquidity shortfall implies that the company remains highly dependent on dilutive financing or asset sales to sustain its day-to-day operations.
According to the company's balance sheet, goodwill accounts for $24.8 million of the $42.8 million in total assets as of 2026Q1, representing a significant portion of the asset base that may be subject to future impairment if the underlying business units fail to perform.
The high concentration of intangible assets relative to tangible property, plant, and equipment suggests that the company's valuation is heavily reliant on subjective accounting estimates rather than physical productive capacity. This composition warrants further investigation into the recoverability of these assets given the company's history of negative net margins.
As indicated by the financial statements, the company's equity has been severely eroded by accumulated deficits totaling $278.6 million as of 2026Q1, which effectively masks the true extent of the capital destruction occurring beneath the headline asset figures.
The reliance on negative retained earnings to balance the books suggests that the company has consistently failed to generate profitable growth over the long term. This trend implies that the current equity position may be misleading, as it does not reflect the ongoing consumption of shareholder capital required to fund the business.
Quick answers to the most common questions about buying IPST stock.
As of 2025, IP Strategy Holdings, Inc. (IPST) had total assets of $108.8M including $2.7M in current assets.
IP Strategy Holdings, Inc. (IPST) carries total debt of $4.7M, offset by $0.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
IP Strategy Holdings, Inc. (IPST) has total shareholders' equity (book value) of $98.2M ($11.39 book value per share). Book value represents the net worth of the company belonging to common stock holders.
IP Strategy Holdings, Inc. (IPST) reported a current ratio of 0.31x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.