Detailed financial statements for IP Strategy Holdings, Inc. (IPST): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
IP Strategy Holdings, Inc. (IPST) offers public investors a streamlined entry into the expanding programmable intellectual property landscape via a regulated equity framework. The company utilizes a treasury of digital tokens, allowing for direct engagement with the Story ecosystem. This ecosystem is specifically designed to manage the on-chain registration, licensing, and commercialization of intellectual property assets. Co-founded by Justin B. Stiefel and Jennifer D. H.
Analysis Summary
Trailing-twelve-month margins: gross margin 58.3%, operating margin -7.1%, net margin -18.8%.
At the current price of $2.67, IPST has negative trailing earnings (P/E not meaningful) and an ROE of -146.98%. Market capitalisation stands at $1M.
Balance sheet quality for IPST: current ratio of 0.3, net debt of $4.5M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.3M | $8.3M | $8.0M | $8.4M | $10.1M |
| Cost of Revenue | $6.0M | $6.1M | $5.8M | $6.3M | $5.5M |
| Gross Profit | $2.2M | $2.2M | $2.2M | $2.1M | $4.7M |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $9.3M | $12.8M | $10.0M | $13.8M | $17.9M |
| Operating Expenses | $10.2M | $14.0M | $13.4M | $17.0M | $17.0M |
| Operating Income | -$7.9M | -$11.8M | -$11.3M | -$14.9M | -$12.4M |
| EBITDA | -$3.3M | -$7.8M | -$32.3M | $5.0M | -$134.6M |
| Interest Expense | $2.7M | $2.6M | $2.5M | $2.5M | $1.6M |
| Pre-tax Income | -$7.2M | -$12.3M | -$36.8M | $719608 | -$137.7M |
| Income Tax | $9030 | $8101 | $7000 | $9150 | -$8490 |
| Net Income | -$7.2M | -$12.3M | -$36.8M | $710458 | -$137.7M |
| EPS | $-622.22 | $-1057.40 | $-3171.67 | $4.76 | $-320.63 |
| EPS (Diluted) | $-622.22 | $-1057.40 | $-3171.67 | $-1059.26 | $-320.63 |
| Shares Outstanding (Diluted) | $232040 | $232040 | $232040 | $263680 | $430997 |
Balance Sheet (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $205278 | $223034 | $76878 | $453162 | $245282 |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 |
| Receivables | $224471 | $494714 | $721932 | $638890 | $347763 |
| Inventory | $4.3M | $3.6M | $2.8M | $2.5M | $1.6M |
| Total Current Assets | $5.7M | $5.4M | $5.3M | $3.9M | $2.7M |
| Property, Plant & Equipment | $8.2M | $11.5M | $10.1M | $8.8M | $3.4M |
| Goodwill | 0 | 0 | 0 | $589870 | 0 |
| Intangible Assets | 0 | 0 | 0 | $421151 | $91.7M |
| Total Assets | $24.9M | $28.0M | $26.3M | $28.0M | $108.8M |
| Accounts Payable | $1.8M | $3.2M | $5.2M | $5.0M | $2.0M |
| Short-term Debt | $3.0M | $13.9M | $50.6M | $3.8M | $2.4M |
| Total Current Liabilities | $8.0M | $21.9M | $62.8M | $13.8M | $8.9M |
| Long-term Debt | $11.2M | $8.0M | $1.5M | $9.5M | $220842 |
| Total Liabilities | $19.7M | $34.6M | $69.7M | $27.2M | $10.5M |
| Retained Earnings | -$25.8M | -$38.0M | -$74.8M | -$74.1M | -$211.8M |
| Total Equity | $5.2M | -$6.6M | -$43.4M | $791767 | $98.2M |
| Total Debt | $14.3M | $26.7M | $56.4M | $17.2M | $4.7M |
| Net Debt | $14.1M | $26.4M | $56.3M | $16.7M | $4.5M |
| Working Capital | -$2.3M | -$16.4M | -$57.6M | -$9.9M | -$6.1M |
Cash Flow (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Income | -$7.2M | -$12.3M | -$36.8M | $710458 | -$137.7M |
| Depreciation & Amortization | $1.2M | $1.9M | $1.9M | $1.8M | $1.5M |
| Stock-based Compensation | $73217 | $86659 | $18594 | $4.9M | $125000 |
| Change in Working Capital | $231550 | $2.0M | $2.9M | -$1.0M | -$8.2M |
| Operating Cash Flow | -$7.7M | -$9.3M | -$8.5M | -$11.2M | -$15.3M |
| Capital Expenditure | -$1.2M | -$639383 | -$26512 | -$106421 | -$74754 |
| Acquisitions | 0 | 0 | 0 | $5090 | 0 |
| Stock Repurchased | 0 | -$12960 | -$11340 | -$3690 | -$2000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$8.9M | -$9.9M | -$8.5M | -$11.3M | -$15.4M |
Growth & Margins (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth (YoY) | +0.3% | -4.1% | +5.4% | +20.4% | |
| Net Income Growth (YoY) | -69.9% | -199.9% | +101.9% | -19484.0% | |
| EPS Growth (YoY) | -69.9% | -199.9% | +100.2% | -6835.9% | |
| Shares Change (YoY) | +0.0% | +0.0% | +13.6% | +63.5% | |
| FCF Growth (YoY) | -11.9% | +14.4% | -33.1% | -36.0% | |
| Gross Margin | 27.0% | 26.6% | 27.0% | 25.3% | 46.1% |
| Operating Margin | -95.7% | -142.3% | -141.3% | -177.6% | -122.1% |
| EBITDA Margin | -39.8% | -93.4% | -405.7% | 60.1% | -1330.1% |
| Net Margin | -87.1% | -147.6% | -461.6% | 8.5% | -1360.9% |
| FCF Margin | -107.1% | -119.6% | -106.7% | -134.7% | -152.2% |
| Effective Tax Rate | -0.1% | -0.1% | -0.0% | 1.3% | 0.0% |
Per-Share Data (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| FCF Per Share | $-38.26 | $-42.82 | $-36.66 | $-42.94 | $-35.74 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $232040 | $232040 | $232040 | $263680 | $430997 |
What to look at in Consumer Defensive companies
- Gross margin (stable 5y) (Stable >=35%) — Brand pricing power — Coca-Cola does not drop margins.
- ROE / ROIC stable (ROE >=15% stable) — Defensive businesses have high consistent ROEs — Lynch's stalwarts.
- FCF / Net Income (>=90%) — Earnings to cash conversion — best names exceed 95%.
- Dividend growth 10y (>=6%/year) — Dividend Aristocrats raise 25+ years — moat signal.
- Payout Ratio (<75%) — >80% = dividend at risk. <60% comfortable.
- Net Debt / EBITDA (<2.5x) — Defensive with high debt loses its essence.
Profitability
| Return on Equity | -146.98% |
| Return on Invested Capital | -206.12% |
| Return on Assets | -470.95% |
| Gross Margin | 58.27% |
| Operating Margin | -710.72% |
| Net Margin | -1875.55% |
Financial Health
| Debt / Equity | 0.14 |
| Current Ratio | 0.43 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 12.23 |
Key Ratios (10y)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| P/E | -2.19 | -1.29 | -0.43 | 144.54 | -0.10 |
| P/B | 60.57 | -47.59 | -7.27 | 229.12 | 0.14 |
| P/S | 38.08 | 37.98 | 39.59 | 21.59 | 1.33 |
| Gross Margin | 27.0% | 26.6% | 27.0% | 25.3% | 46.1% |
| Operating Margin | -95.7% | -142.3% | -141.3% | -177.6% | -122.1% |
| Net Margin | -87.1% | -147.6% | -461.6% | 8.5% | -1360.9% |
Related companies: AGRI · AMZE · EDBL · HCWC · IBG · PHH · RAY
Explore sector: Consumer Defensive · Beverages - Alcoholic
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