Ionic Digital Inc. Class A (IOND) is a publicly traded company in the Technology — Software - Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ionic Digital, Inc. engages in the monetization of its digital infrastructure assets. It operates under the Cryptocurrency Mining Business and the Digital Infrastructure Solutions Business. The company was founded in January 2024 and is headquartered in Washington, DC.
Is Ionic Digital Inc. Class A stock overvalued or undervalued in 2026?
As of October 30, 2026, Ionic Digital Inc. Class A (IOND) trades at $66.26 with no positive earnings over the last twelve months, according to Kaplio. No valuation verdict: it has no earnings to calculate a P/E from.
Kaplio overview: Ionic Digital Inc. Class A
Market cap $3B · 52 weeks $53 – $87 (24 % below the high) · P/E no earnings · 2027 est. P/E 30.0× · Dividend none · Next earnings November 4, 2026 · expected EPS $0.64 · Closing price, Oct 30 · accounts published Aug 19.
- Valuation: EV/EBITDA 46.8× (no earnings).
- Business: ROIC 5 % (weak).
- Balance sheet: Net cash/EBITDA 12.8× (solid).
- Earnings: Next.
What would it be worth at its usual multiples?
No valuation verdict: it has no earnings to calculate a P/E from.
What matters in technology: 2 of 5 pass
- Gross margin 37.8 %, fails.
- FCF / Revenue −76.1 %, fails.
- ROIC 5.0 %, fails.
- SBC / Revenue 2.5 %, passes.
- Net debt / EBITDA −12.8×, passes.
Against its peers (reference peers) — Ionic Digital Inc. Class A: P/E —; EV/EBITDA 46.8×; ROIC 5.0 %; $3.0B. Galaxy Digital (P/E —; EV/EBITDA 49.6×; ROIC 2.5 %; $5.3B), Maplebear Inc. (P/E 29.4×; EV/EBITDA 16.8×; ROIC 17.5 %; $13.4B), Verisk Analytics, Inc. (P/E 30.1×; EV/EBITDA 17.6×; ROIC 34.2 %; $25.5B).
Profitability
| Return on Equity | -9.22% |
| Return on Invested Capital | 4.95% |
| Return on Assets | -5.23% |
| Gross Margin | 85.77% |
| Operating Margin | 44.34% |
| Net Margin | -48.25% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 24.39 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 22.79 |
Price Performance
| 1 month | -19.90% |
| 3 months | +7.85% |
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Explore sector: Technology · Software - Services
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