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MARKETS / NASDAQ / IPST
NASDAQ · BEVERAGES

IP Strategy Holdings, Inc. IPST

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$10.1M
▲ 20.4% YoY
$-137.7M
▼ 19484.0% YoY
$-15.4M
In brief

What this company does

We operate a diversified business centered on digital asset–based infrastructure and intellectual property (“IP”) management, supplemented by a legacy craft spirits operating segment. In August 2025, we consummated a $220 million offering of our pre-paid stock purchase warrants in which we acquired 53.2 million $IP Tokens for our digital asset treasury. We established our validator business in September 2025 to allow us to derive yield and revenue from our large $IP Token holdings. At December 31, 2025, we were staking approximately 81.8% of the $IP Tokens in our treasury.

Written from the business description in IP Strategy Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 14 April 2026. Every sentence was checked against that document before publication.

Growth
USD 10.1M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 10.1 · Net income -137.7
-50M-100M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1361 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1323.6% · Net -1360.9%
-500%-1000%202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Each USD of equity lost 278 cents this year.

Cash & shareholders
USD 2,000.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.4
-8M202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 0.0
-2M-4M202320242025

USD 2,000.00 in buybacks went back to shareholders in a year without profit.

Total assetsUSD 108.8M
EquityUSD 98.2M
CashUSD 245,282.00
Gross debtUSD 2.6M
Net debtUSD 2.3M
Current ratio0.31×

Net debt stands at 2% of equity.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B−0.1−0.0−0.0
EBITDA $B−0.1−0.0−0.0
Income tax $B−0.00.00.0
Net income $B−0.10.0−0.0
Free cash flow $B−0.0−0.0−0.0
EPS, diluted $−16.03−39.46−96.45
Dividend / sh $0.000.00·
Payout %···
ROE %−278.2··
Shares out B0.010.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 15 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 80 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBeverages
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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