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IPX logoIperionX Limited(IPX)Earnings, Financials & Key Ratios

IPX•NASDAQ
$37.75
$1.27B mkt cap·Price updated May 6, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustrySpecialty and Advanced Materials
AboutIperionX Limited engages in the exploration and development of mineral properties. It explores for epithermal and replacement style precious and base metal mineralization, as well as titanium, rare earth elements, silica sand, and zircon minerals. The company holds a 100% interest in the Milford project that includes 101 claims located in Utah, the United States. It also holds a 100% interest in Titan project covering an area of approximately 6,000 acres situated in Tennessee, the United States. The company was formerly known as Hyperion Metals Limited and changed its name to IperionX Limited in February 2022. IperionX Limited was incorporated in 2017 and is headquartered in Charlotte, North Carolina.Show more
  • Revenue$0
  • EBITDA-$38M-69.2%
  • Net Income-$35M-59.0%
  • EPS (Diluted)-1.20-20.0%
  • ROE-49.17%+20.5%
  • ROIC-96.2%+16.4%
  • Debt/Equity0.04+46.6%
  • Interest Coverage-128.45
Technical→

IPX Key Insights

IperionX Limited (IPX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Shares diluted 35.2% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 12.0x book value
  • ✗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.

IPX Price & Volume

IperionX Limited (IPX) stock price & volume — 10-year historical chart

Loading chart...

IPX Growth Metrics

IperionX Limited (IPX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-360756.73%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-

Return on Capital

10 Years-143.1%
5 Years-213.2%
3 Years-78.55%
Last Year-52.72%

IPX Recent Earnings

IperionX Limited (IPX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (60%)
Q2 2026Latest
Mar 12, 2026
EPS
$0.10
Est $0.04
-150.0%
Revenue
—
Est $4M
Q4 2025
Oct 3, 2025
EPS
$1.20
Est $0.05
-2298.9%
Revenue
—
Est $1M
Q4 2025
Sep 30, 2025
EPS
$1.20
Est $0.05
-2298.9%
Revenue
—
Est $1M
Q2 2025
Mar 13, 2025
EPS
$0.00
Est $0.09
+99.3%
Revenue
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 12, 2026
$0.10vs $0.04-150.0%
—vs $4M
Q4 2025Oct 3, 2025
$1.20vs $0.05-2298.9%
—vs $1M
Q4 2025Sep 30, 2025
$1.20vs $0.05-2298.9%
—vs $1M
Q2 2025Mar 13, 2025
$0.00vs $0.09+99.3%
—
Based on last 12 quarters of dataView full earnings history →

IPX Peer Comparison

IperionX Limited (IPX) competitors in Specialty and Advanced Materials — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
ATLX logoATLXAtlas Lithium CorporationDirect Competitor122.06M5.60-1.92-180.69%-91.66%0.47
AMTX logoAMTXAemetis, Inc.Direct Competitor220.79M3.24-2.53-22.29%-38.96%
ATI logoATIATI Inc.Product Competitor22.61B165.0857.925.16%9.26%22.73%1.02
CRS logoCRSCarpenter Technology CorporationProduct Competitor22.76B458.1661.754.25%15.82%24.41%0.39
KALU logoKALUKaiser Aluminum CorporationProduct Competitor2.92B180.4226.6511.54%4.14%18.68%1.36
CENX logoCENXCentury Aluminum CompanyProduct Competitor5.85B62.6219.031.6%3.37%12.22%0.78
BA logoBAThe Boeing CompanySupply Chain181.25B229.9392.7134.49%2.46%289.7%9.97

Compare IPX vs Peers

IperionX Limited (IPX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TPVG

Most directly comparable listed peer for IPX.

Scale Benchmark

vs GE

Larger-name benchmark to compare IPX against a more recognizable public peer.

Peer Set

Compare Top 5

vs TPVG, ATLX, AMTX, ATI

IPX Income Statement

IperionX Limited (IPX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25TTM
Sales/Revenue0000000000
Revenue Growth %----------
Cost of Goods Sold00022.73K9.38K152.9K634.11K648.22K2.27M2.63M
COGS % of Revenue----------
Gross Profit
0▲ 0%
0▲ 0%
0▲ 0%
-22.73K▲ 0%
-9.38K▲ 58.7%
-152.9K▼ 1529.4%
-634.11K▼ 314.7%
-648.22K▼ 2.2%
-2.27M▼ 250.9%
-4.58M▲ 0%
Gross Margin %----------
Gross Profit Growth %----58.72%-1529.41%-314.71%-2.22%-250.87%-
Operating Expenses73.55K711.26K398.37K381.53K8.11M21.87M25.62M22.36M38.28M51.41M
OpEx % of Revenue----------
Selling, General & Admin73.55K711.26K398.37K365.91K8.11M11.4M17.3M13.49M25.53M50.44M
SG&A % of Revenue----------
Research & Development0000180.19K1.08M8.33M8.87M12.75M23.56M
R&D % of Revenue----------
Other Operating Expenses00015.62K-180.19K9.39M0000
Operating Income
-73.56K▲ 0%
-711.26K▼ 867.0%
-398.37K▲ 44.0%
-352.96K▲ 11.4%
-8.12M▼ 2199.8%
-21.85M▼ 169.2%
-17.66M▲ 19.2%
-22.46M▼ 27.2%
-39.27M▼ 74.9%
-75.88M▲ 0%
Operating Margin %----------
Operating Income Growth %--866.97%43.99%11.4%-2199.79%-169.21%19.18%-27.15%-74.87%-
EBITDA-33.35K-592.64K-278.23K-330.23K-8.12M-21.7M-17.24M-22.33M-37.79M-72.44M
EBITDA Margin %----------
EBITDA Growth %--1676.77%53.05%-18.69%-2357.79%-167.36%20.57%-29.58%-69.21%-609.23%
D&A (Non-Cash Add-back)40.2K118.61K120.14K22.73K1.05K153.43K426.53K124.75K1.48M3.44M
EBIT-96.09K-1.31M-769.63K-741.34K-8.12M-21.87M-17.58M-22.62M-39.27M-75.95M
Net Interest Income00011.98K-2.42K-21.5K76.65K645.97K1.89M3.37M
Interest Income01.62K21.58K15.18K5.09K24.04K207.68K555.59K2.2M3.73M
Interest Expense0003.2K7.52K45.54K131.03K-90.38K305.73K366.8K
Other Income/Expense22.21K-139.64K38.28K-5.16M348.77K216.8K773.62K3.92M1.46M
Pretax Income
-73.55K▲ 0%
-709.63K▼ 864.8%
-376.79K▲ 46.9%
-355.23K▲ 5.7%
-13.28M▼ 3638.4%
-21.52M▼ 62.1%
-17.44M▲ 18.9%
-21.84M▼ 25.2%
-35.35M▼ 61.8%
-53.97M▲ 0%
Pretax Margin %----------
Income Tax-40.2K-118.61K-120.14K20.06K000-382.42K00
Effective Tax Rate %54.65%16.71%31.88%-5.65%0%0%0%1.75%0%0%
Net Income
-73.55K▲ 0%
-709.63K▼ 864.8%
-376.79K▲ 46.9%
-355.23K▲ 5.7%
-13.28M▼ 3638.4%
-21.52M▼ 62.1%
-17.44M▲ 18.9%
-22.23M▼ 27.4%
-35.35M▼ 59.0%
-70.18M▲ 0%
Net Margin %----------
Net Income Growth %--864.8%46.9%5.72%-3638.39%-62.06%18.94%-27.41%-59.04%-360756.73%
Net Income (Continuing)-96.09K-1.31M-769.63K-746.12K-13.28M-21.52M-17.44M-21.84M-35.35M-70.18M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
-0.00▲ 0%
-0.05▼ 1690.0%
-0.03▲ 46.6%
-0.03▲ 5.9%
-0.75▼ 2677.8%
-1.60▼ 113.3%
-1.50▲ 6.3%
-1.00▲ 33.3%
-1.20▼ 20.0%
-20.87▲ 0%
EPS Growth %--46.55%5.92%-2677.78%-113.33%6.25%33.33%-20%-
EPS (Basic)-0.00-0.05-0.03-0.03-0.75-1.60-1.50-1.00-1.20-
Diluted Shares Outstanding23.75M13.2M13.2M13.2M13.2M13.46M16.8M21.78M29.46M3.36M
Basic Shares Outstanding23.75M13.2M13.2M13.2M13.2M13.46M16.8M21.78M29.46M3.36M
Dividend Payout Ratio----------

IPX Balance Sheet

IperionX Limited (IPX) balance sheet — assets, liabilities & shareholders' equity

Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25TTM
Total Current Assets2.3K2.77M1.76M1.18M1.75M5.84M12.75M41.55M58.88M69.57M
Cash & Short-Term Investments02.69M1.73M1.14M1.7M5.67M11.94M33.16M54.81M65.83M
Cash Only02.69M1.73M1.14M1.7M5.67M11.94M33.16M54.81M65.83M
Short-Term Investments0000000000
Accounts Receivable2.3K68.11K10.62K29.22K34122.54K228.4K2.3M823.27K1.15M
Days Sales Outstanding----------
Inventory000000016.92K0425.71K
Days Inventory Outstanding-------9.53-15.37
Other Current Assets00035000000
Total Non-Current Assets11.51K425.64K758.7K864.55K1.04M4.07M10.05M13.89M46.16M59.58M
Property, Plant & Equipment00021.2K539.62K1.39M3.99M7.77M25.2M35.94M
Fixed Asset Turnover---------0.00x
Goodwill0000000000
Intangible Assets0000000013.55M12.91M
Long-Term Investments00000250K000445.04K
Other Non-Current Assets11.51K425.64K758.7K843.34K504.75K2.43M6.06M6.11M7.41M30.79M
Total Assets
13.81K▲ 0%
3.2M▲ 23056.9%
2.51M▼ 21.4%
2.05M▼ 18.6%
2.79M▲ 36.4%
9.91M▲ 254.9%
22.8M▲ 130.1%
55.44M▲ 143.1%
105.03M▲ 89.5%
129.16M▲ 0%
Asset Turnover---------0.00x
Asset Growth %-23056.92%-21.37%-18.6%36.42%254.93%130.14%143.1%89.47%484.32%
Total Current Liabilities85.21K188.57K47.93K65.11K637.01K2.08M1.65M3.05M8.43M17.27M
Accounts Payable0108.67K2.25K3.82K286.85K1.68M711.01K1.31M6M5.2M
Days Payables Outstanding---61.3511.16K4.01K409.26737.11963.55485.33
Short-Term Debt50.84K0017.87K81.1K134.25K382.63K445.75K472.02K1.11M
Deferred Revenue (Current)0000000000
Other Current Liabilities34.37K53.62K25.66K22.26K185.93K114.19K162.59K107.74K1.95M7.99M
Current Ratio0.03x14.70x36.62x18.15x2.74x2.81x7.74x13.62x6.99x6.99x
Quick Ratio0.03x14.70x36.62x18.15x2.74x2.81x7.74x13.61x6.99x6.99x
Cash Conversion Cycle----------469.96
Total Non-Current Liabilities0000394.55K408.78K592.69K1.04M4.16M0
Long-Term Debt0000394.55K30.86K24.89K18.52K12.3K9.39K
Capital Lease Obligations0000394.55K377.92K567.8K1.03M3.45M11.42M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000-394.55K000700K-2.65M
Total Liabilities85.21K188.57K47.93K65.11K1.03M2.49M2.24M4.1M12.59M0
Total Debt50.84K0017.87K475.65K543.03K975.31K1.49M3.93M4.46M
Net Debt50.84K-2.69M-1.73M-1.12M-1.22M-5.13M-10.96M-31.67M-50.88M-61.37M
Debt / Equity---0.01x0.27x0.07x0.05x0.03x0.04x0.04x
Debt / EBITDA----------0.06x
Net Debt / EBITDA---------0.85x
Interest Coverage----110.26x-1079.57x-479.85x-134.79x--128.45x-207.07x
Total Equity
-71.4K▲ 0%
3.01M▲ 4313.4%
2.47M▼ 18.0%
1.98M▼ 19.7%
1.76M▼ 11.2%
7.42M▲ 321.5%
20.56M▲ 177.1%
51.34M▲ 149.7%
92.44M▲ 80.1%
108.2M▲ 0%
Equity Growth %-4313.43%-18.03%-19.66%-11.16%321.55%177.14%149.67%80.06%482.01%
Book Value per Share-0.000.230.190.150.130.551.222.363.1432.17
Total Shareholders' Equity-71.4K3.01M2.47M1.98M1.76M7.42M20.56M51.34M92.44M108.2M
Common Stock2.3K3.33M3.18M3.15M10.26M29.78M58.76M112.96M197.99M243.33M
Retained Earnings-73.7K-1.04M-1.53M-2.01M-13.23M-34.75M-52.2M-73.88M-109.23M-144M
Treasury Stock0000000000
Accumulated OCI0719.79K817.11K842.83K4.74M12.39M14M12.26M3.69M8.87M
Minority Interest0000000000

IPX Cash Flow Statement

IperionX Limited (IPX) cash flow — operating, investing & free cash flow history

Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25TTM
Cash from Operations0-226-503-311-3.56M-12.13M-15.86M-18.61M-21.8M-21.8M
Operating CF Margin %----------
Operating CF Growth %---122.24%38.13%-1143959.49%-241.03%-30.74%-17.29%-17.15%-114641.19%
Net Income-443-971-540-356-13.23M-21.52M-17.44M-21.84K-35.35M-70.18M
Depreciation & Amortization000169.32K153.43K426.53K648.22K2.28M2.28M
Stock-Based Compensation057823434.08M8.34M2.59M09.57M9.57M
Deferred Taxes000-300-377K-105.92K000
Other Non-Cash Items443237-40295.14M-2.11K1.15K-19.23M582.56K-13.08M
Working Capital Changes0-6954-13437.6K1.27M-1.33M-2.07K1.12M1.12M
Change in Receivables0-6654-13-34.41K-98.8K-650.07K01.12M1.12M
Change in Inventory0000000000
Change in Payables0000000000
Cash from Investing0-15.72K-419.87K-61.98K1.76M-3.07M-5.71M-6.53M-24.28M-32.53M
Capital Expenditures0-16-421-3.06K-66.82K-1.93M-2.71M-8.07M-17.61M-22.95M
CapEx % of Revenue----------
Acquisitions0-63002.34M00000
Investments----------
Other Investing0-15.72K-419.45K-58.93K-513.38K-889.99K-3M2.04M-6.67M-9.59M
Cash from Financing0-329.63K100-17.14K3.5M19.39M27.89M46.59M67.99M97.45M
Debt Issued (Net)0-183.65K00-6.47K-42.32K-518.25K-423.84K-517.58K-982.47K
Equity Issued (Net)00107.68K01000K1000K1000K1000K1000K2M
Dividends Paid0000000000
Share Repurchases0000000000
Other Financing0186.65K-107.58K-17.14K-85.47K-430.81K-1.51M-172.35K116.47K245.13K
Net Change in Cash
0▲ 0%
-345.57K▲ 0%
-422.56K▼ 22.3%
-388.95K▲ 8.0%
1.7M▲ 537.2%
3.97M▲ 133.8%
6.27M▲ 57.6%
21.22M▲ 238.7%
21.66M▲ 2.1%
29.34M▲ 0%
Free Cash Flow
0▲ 0%
-242▲ 0%
-924▼ 281.8%
-3.37K▼ 264.6%
-3.62M▼ 107494.0%
-14.06M▼ 287.9%
-18.57M▼ 32.1%
-26.68M▼ 43.7%
-39.41M▼ 47.7%
-54.7M▲ 0%
FCF Margin %----------
FCF Growth %---281.61%-264.81%-107487.65%-287.89%-32.07%-43.66%-47.71%-862.51%
FCF per Share--0.00-0.00-0.00-0.27-1.04-1.11-1.22-1.34-1.34
FCF Conversion (FCF/Net Income)-0.00x0.00x0.00x0.27x0.56x0.91x0.84x0.62x0.78x
Interest Paid0000000000
Taxes Paid0000000000

IPX Key Ratios

IperionX Limited (IPX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025TTM
Return on Equity (ROE)-48.32%-13.77%-15.98%-709.89%-468.88%-124.68%-61.82%-49.17%-78.52%
Return on Invested Capital (ROIC)-356.79%-56.64%-33.11%-868.76%-1159.06%-222.8%-115.07%-96.2%-96.2%
Debt / Equity--0.01x0.27x0.07x0.05x0.03x0.04x0.04x
Interest Coverage---110.26x-1079.57x-479.85x-134.79x--128.45x-207.07x
FCF Conversion0.00x0.00x0.00x0.27x0.56x0.91x0.84x0.62x0.78x

IPX Frequently Asked Questions

IperionX Limited (IPX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

IperionX Limited (IPX) grew revenue by 0.0% over the past year. Growth has been modest.

IperionX Limited (IPX) reported a net loss of $70.2M for fiscal year 2025.

Dividend & Returns

IperionX Limited (IPX) has a return on equity (ROE) of -49.2%. Negative ROE indicates the company is unprofitable.

IperionX Limited (IPX) had negative free cash flow of $54.7M in fiscal year 2025, likely due to heavy capital investments.

Explore More IPX

IperionX Limited (IPX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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