Consumer Defensive · Beverages - Alcoholic
Price
$2.37
Market Cap
$1.3M
Employees
83
Beta
4.85
Avg Volume
210,860
CEO
Justin Stiefel
Business Description
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. Stiefel on July 19, 2011, the firm's operations are based in Gig Harbor, Washington.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.15
Stock Price: $2.37
EPS (Diluted): -15.98
EPS (Diluted): -15.98
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.74
Stock Price: $2.37
Total Equity: $98.22M
Shares: 8,619,951
Total Equity: $98.22M
Shares: 8,619,951
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-2.03
Market Cap: $1.30M
Total Debt: $2.57M
Cash: $245,282
EBITDA: -$134.59M
Total Debt: $2.57M
Cash: $245,282
EBITDA: -$134.59M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$273.4M
Market Cap: $1.30M
Total Debt: $2.57M
Cash: $245,282
Total Debt: $2.57M
Cash: $245,282
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
26.58
Stock Price: $2.37
Revenue: $10.12M
Shares: 8,619,951
Revenue: $10.12M
Shares: 8,619,951
EV/Sales (Total value vs revenue — works when P/E can't)
API27.02
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
46.1%
Gross Profit: $4.66M
Revenue: $10.12M
Revenue: $10.12M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-122.1%
Operating Income: -$12.35M
Revenue: $10.12M
Revenue: $10.12M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-1,360.9%
Net Income: -$137.72M
Revenue: $10.12M
Revenue: $10.12M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-140.2%
Net Income: -$137.72M
Total Equity: $98.22M
Total Equity: $98.22M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-12.3%
Operating Income: -$12.35M
Tax Rate: 0.0%
Equity: $98.22M
Total Debt: $2.57M
Cash: $245,282
Tax Rate: 0.0%
Equity: $98.22M
Total Debt: $2.57M
Cash: $245,282
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.31
Current Assets: $2.75M
Current Liabilities: $8.89M
Current Liabilities: $8.89M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.03
Short-Term Debt: $2.35M
Long-Term Debt: $220,842
Total Debt: $2.57M
Total Equity: $98.22M
Long-Term Debt: $220,842
Total Debt: $2.57M
Total Equity: $98.22M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.17
Revenue: $10.12M
Shares: 8,619,951
Shares: 8,619,951
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$11.39
Total Equity: $98.22M
Shares: 8,619,951
Shares: 8,619,951
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.79
Operating CF: -$15.33M
CapEx: -$74,754
Shares: 8,619,951
CapEx: -$74,754
Shares: 8,619,951
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.37
Stock Price: $2.37
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$137.72M
Net Income: -$137.72M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares IPST against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 2:30pm (3d ago)| Metric | 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 |
| Operating Expenses | $10.2M | $14.0M | $13.4M | $17.0M | $17.0M |
| Operating Income | -$7.9M | -$11.8M | -$11.3M | -$14.9M | -$12.4M |
| Net Income | -$7.2M | -$12.3M | -$36.8M | $710,458 | -$137.7M |
| EBITDA | -$3.3M | -$7.8M | -$32.3M | $5.0M | -$134.6M |
| EPS | $-31.11 | $-52.87 | $-158.58 | $-52.96 | $-15.98 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 2:30pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $205,278 | $223,034 | $76,878 | $453,162 | $245,282 |
| Total Current Assets | $5.7M | $5.4M | $5.3M | $3.9M | $2.7M |
| Total Assets | $24.9M | $28.0M | $26.3M | $28.0M | $108.8M |
| Current Liabilities | $8.0M | $21.9M | $62.8M | $13.8M | $8.9M |
| Long-Term Debt | $11.2M | $8.0M | $1.5M | $9.5M | $220,842 |
| Total Liabilities | $19.7M | $34.6M | $69.7M | $27.2M | $10.5M |
| Total Equity | $5.2M | -$6.6M | -$43.4M | $791,767 | $98.2M |
| Retained Earnings | -$25.8M | -$38.0M | -$74.8M | -$74.1M | -$211.8M |
Cash Flow (Annual)
Last updated: Jun 23, 2026 2:30pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$7.7M | -$9.3M | -$8.5M | -$11.2M | -$15.3M |
| Capital Expenditure | -$1.2M | $-639,383 | $-26,512 | $-106,421 | $-74,754 |
| Free Cash Flow | -$8.9M | -$9.9M | -$8.5M | -$11.3M | -$15.4M |
| Acquisitions (net) | $0 | $0 | $0 | $5,090 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $-12,960 | $-11,340 | $-3,690 | $-2,000 |
| Net Change in Cash | $-128 | $17,756 | $-146,156 | $376,284 | $-207,880 |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:17am (23h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$7.4M $7.4M – $7.4M
|
$16.5M $16.5M – $16.5M
|
$26.5M $26.5M – $26.5M
|
$40.2M $40.2M – $40.2M
|
| EBITDA |
-$4.0M -$4.0M – -$4.0M
|
-$9.0M -$9.0M – -$9.0M
|
-$14.5M -$14.5M – -$14.5M
|
-$22.0M -$22.0M – -$22.0M
|
| Net Income |
$2.5B $2.5B – $2.5B
|
$37.9M $37.9M – $37.9M
|
$46.5M $46.5M – $46.5M
|
$60.3M $60.3M – $60.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 2:30pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +0.3% | -4.1% | +5.4% | +20.4% |
| Gross Profit Growth | -1.2% | -2.8% | -1.2% | +119.3% |
| Operating Income Growth | -49.2% | +4.8% | -32.4% | +17.2% |
| Net Income Growth | -69.9% | -199.9% | +101.9% | -19,484.0% |
| EBITDA Growth | -135.0% | -316.8% | +115.6% | -2,766.2% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for IPST — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30