IP Strategy (IPST)
Market Price (6/7/2026): $3.59 | Market Cap: $89,071Sector: Financials | Industry: Diversified Capital Markets
IP Strategy (IPST)
Market Price (6/7/2026): $3.59Market Cap: $89,071Sector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -99% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, Luxury Consumer Goods, Show more. | Weak multi-year price returns2Y Excs Rtn is -140%, 3Y Excs Rtn is -176% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -106% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5120% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 52% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -147%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -343% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -228051% High stock price volatilityVol 12M is 191% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 199% Key risksIPST key risks include [1] sustained operating losses challenging its financial viability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -99% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, Luxury Consumer Goods, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -140%, 3Y Excs Rtn is -176% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -106% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5120% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 52% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -147%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -343% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -228051% |
| High stock price volatilityVol 12M is 191% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 199% |
| Key risksIPST key risks include [1] sustained operating losses challenging its financial viability, Show more. |
Qualitative Assessment
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Updated on 6/4/2026
IP Strategy (IPST) stock has lost about 75% since 2/28/2026 because of the following key factors:
1. IP Strategy Holdings reported a significant net loss of $66.7 million in Q1 2026, largely attributed to a decline in the value of its primary reserve asset, the $IP Token. This substantial loss highlights the inherent volatility and risks associated with the company's core digital asset treasury strategy, despite its reported high-margin validator operations.
2. The company has a history of unprofitability, with reported losses increasing over the past five years at an annual rate of 24.5%. For the trailing 12 months ending December 31, 2025, IPST reported a net loss of -$137.72 million, representing a 19,484.02% decrease year over year, indicating a persistent and worsening financial performance.
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IP Strategy (IPST) stock has lost about 75% since 2/28/2026 because of the following key factors:
1. IP Strategy Holdings reported a significant net loss of $66.7 million in Q1 2026, largely attributed to a decline in the value of its primary reserve asset, the $IP Token. This substantial loss highlights the inherent volatility and risks associated with the company's core digital asset treasury strategy, despite its reported high-margin validator operations.
2. The company has a history of unprofitability, with reported losses increasing over the past five years at an annual rate of 24.5%. For the trailing 12 months ending December 31, 2025, IPST reported a net loss of -$137.72 million, representing a 19,484.02% decrease year over year, indicating a persistent and worsening financial performance.
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Stock Movement Drivers
Fundamental Drivers
The -74.0% change in IPST stock from 2/28/2026 to 6/6/2026 was primarily driven by a -82.3% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.68 | 3.56 | -74.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 11 | 26.4% |
| P/S Multiple | 0.0 | 0.0 | -82.3% |
| Shares Outstanding (Mil) | 0 | 0 | 16.4% |
| Cumulative Contribution | -74.0% |
Market Drivers
2/28/2026 to 6/6/2026| Return | Correlation | |
|---|---|---|
| IPST | -74.0% | |
| Market (SPY) | 7.8% | 15.5% |
| Sector (XLF) | 2.2% | 0.7% |
Fundamental Drivers
The -97.2% change in IPST stock from 11/30/2025 to 6/6/2026 was primarily driven by a -98.1% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 125.20 | 3.56 | -97.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 11 | 26.4% |
| P/S Multiple | 0.4 | 0.0 | -98.1% |
| Shares Outstanding (Mil) | 0 | 0 | 16.4% |
| Cumulative Contribution | -97.2% |
Market Drivers
11/30/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| IPST | -97.2% | |
| Market (SPY) | 8.5% | 13.3% |
| Sector (XLF) | -1.1% | 4.5% |
Fundamental Drivers
The -98.4% change in IPST stock from 5/31/2025 to 6/6/2026 was primarily driven by a -98.8% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 224.00 | 3.56 | -98.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 11 | 37.9% |
| P/S Multiple | 0.7 | 0.0 | -98.8% |
| Shares Outstanding (Mil) | 0 | 0 | -3.0% |
| Cumulative Contribution | -98.4% |
Market Drivers
5/31/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| IPST | -98.4% | |
| Market (SPY) | 26.6% | 15.1% |
| Sector (XLF) | 4.2% | 6.7% |
Fundamental Drivers
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Market Drivers
5/31/2023 to 6/6/2026| Return | Correlation | |
|---|---|---|
| IPST | ||
| Market (SPY) | 83.4% | 16.1% |
| Sector (XLF) | 72.8% | 13.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IPST Return | - | - | - | -49% | -95% | -88% | -100% |
| Peers Return | 66% | -84% | 420% | 85% | -25% | 20% | 135% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| IPST Win Rate | - | - | - | 0% | 33% | 17% | |
| Peers Win Rate | 48% | 31% | 71% | 46% | 47% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| IPST Max Drawdown | - | - | - | - | -96% | -90% | |
| Peers Max Drawdown | -67% | -85% | -49% | -54% | -58% | -47% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DVLT, COIN, MSTR, MARA, RIOT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
In The Past
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About IP Strategy (IPST)
We are a craft distillery producing, marketing, and selling a diverse line of award-winning craft spirits, including whiskeys, vodkas, gins, rums, and “ready-to-drink” canned cocktails. We recognize that taste and innovation are key criteria for consumer choices in spirits and innovate new products for trial in our company-owned distilleries and tasting rooms. We have developed differentiated products that are responsive to consumer desires for rewarding and novel taste experiences. We compete in the craft spirits segment, which is the most rapidly-growing segment of the overall $288 billion spirits market. According to the American Craft Spirits Association, a craft distillery is defined generally as a distillery that produces fewer than 750,000 gallons annually and holds an ownership interest of 51% or more of a distilled spirits plant that is licensed by the Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury. According to the Craft Spirits Global Market Report 2023 of Grand View Research, the craft spirits segment had revenues of more than $21.4 billion in 2023, an increase of 20.9% from 2021, and is estimated to grow at a compound annual growth rate (“CAGR”) of 29.4% between 2024 and 2030. We believe we are well positioned to grow in excess of the growth rate of the market by increasing our marketing efforts, increasing the size of our sales teams, and broadening our wholesale distribution. Out of the more than 2,600 craft producers in North America, we have been recognized with more awards for our products from the American Distilling Institute, the leading independent spirits association in the U.S., than any other North American craft distiller for each of the last ten years, plus numerous other Best of Class, Double Gold, and Gold medals from multiple national and international spirits competitions. We are one of the largest craft spirits producers on the West Coast based on revenues and are developing a national reach in the U.S. through traditional sales channels (wholesale, on-premises, and e-commerce) and our unique and recently-developed Tribal Beverage Network (“TBN”) sales channel. Based upon our revenues and our continued track record of winning industry awards in an increasingly competitive environment, we believe we are one of the leading craft spirits producers in the United States. We sell our products through wholesale distribution, directly to consumers through our five owned and operated distilleries and tasting rooms located in Washington and Oregon, and by shipping directly to consumers on-line where legal. Currently, we sell products primarily in the Pacific Northwest with limited distribution in other states throughout the U.S. In addition, in collaboration with Native American tribes, we have recently developed a new sales, manufacturing, and distribution channel on tribal lands that we expect will increase and broaden the recognition of our brand as that network expands nationally. Our growth strategy is based on three primary areas. First, we are focused on growing our direct-to-consumer (“DtC”) sales by shipping to legal purchasers to their homes where allowed. We currently use a three-tier compliant, third-party platform to conduct these sales and deliveries in 46 states in which approximately 96.8% of the U.S. population reside. This allows us to develop a relationship directly with the consumer through higher-margin sales while collecting valuable data about our best performing products. We can then use this data to target the consumer based on location, age, key demographics, and product types. With the data collected, we can also retarget and resell to these customers thereby generating more revenue. We are also focused on growing our wholesale volume and revenue, which is supported by our DtC strategy. Our distributors resell our products through local, regional and key national accounts both on-premises and off-premises. By building brand recognition for key products in selected regions or states through DtC sales, we can better support the wholesale launch, marketing, and product pull-through of those products in partnership with wholesalers in those targeted states. While DtC sales result in singular high-margin sales, growing volume through wholesale distribution is the most efficient way to drive large-scale growth across retail chains. Third, we are focused on expanded growth of our collaboration with Native American tribes through the TBN model we created. In concert with tribal partners, this sales channel includes Heritage-branded micro production hubs, Heritage-branded stores and tasting rooms, and the sale of our products and new tribally-branded products. In the typical TBN collaboration, the tribes will own these businesses and we will receive a royalty on gross sales through licenses we grant to use our brands, products, recipes, programs, IP, new product development, on-going compliance support, and the other support we provide. The TBN is expected to form a network of regional production hubs that will support product trials and sampling and will generate sales of finished, intermediate, and bulk spirits depending on location, equipment, and market. Importantly, because these premium spirits will be produced locally, we believe the TBN will promote the positioning of our brands as local and regional. We expect that, as the brands grow and the TBN footprint expands, there will be an important synergy with increased adoption and growth through our wholesale channels in the regions where the TBN locations are driving trial and awareness. Similarly, as demand for our products grows through our wholesale channels, there should be a positive effect on the demand for our products through the tribal distilleries. We were incorporated in the State of Delaware on April 25, 2019. Heritage Distilling Company, Inc. (“HDC”) was incorporated in the State of Washington on July 19, 2011 to own and operate a network of craft distilleries for the purpose of creating products and services around craft distilling, blending, bottling, and marketing premium distilled spirits. HDC’s first distillery began production in late 2012 in Gig Harbor, WA. On March 4, 2019, as part of a corporate restructuring, HDC became our wholly-owned subsidiary. As a result of the restructuring, we are a holding company and HDC and Thinking Tree Spirits are our operating subsidiaries through which all of our business is conducted. Our principal executive offices are located at 9668 Bujacich Road, Gig Harbor, Washington.
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Here are 1-3 brief analogies for IP Strategy (IPST):
- A Tesla for craft spirits.
- Sierra Nevada Brewing Co. for craft spirits, pioneering a royalty-based distribution network.
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- Craft Spirits Production and Sales: Production, marketing, and sales of a diverse line of award-winning craft spirits, including whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails.
- Tribal Beverage Network (TBN) Licensing and Support: Providing licenses for its brands, products, recipes, IP, and offering new product development and ongoing support to Native American tribal partners in exchange for royalties.
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IP Strategy (IPST) sells its products through multiple channels, reaching both businesses and individual consumers. However, given the company's strong emphasis on "developing a relationship directly with the consumer" through its high-margin direct-to-consumer (DtC) sales, its focus on "consumer desires for rewarding and novel taste experiences," and its strategy to collect and utilize consumer data, it primarily serves individuals as its ultimate customers. Its wholesale and Tribal Beverage Network (TBN) channels are designed to broaden reach and drive volume to these end consumers.
The company serves the following categories of individual customers:
- Direct-to-Consumer (DtC) Enthusiasts: These are individuals who actively seek out and purchase IPST's craft spirits directly from its five owned and operated distilleries and tasting rooms in Washington and Oregon, or through its online shipping platform available in 46 states. This category includes craft spirits connoisseurs and individuals who appreciate direct engagement with the brand, often drawn to its award-winning products. The company specifically targets and retargets these customers based on location, age, key demographics, and product preferences to foster direct relationships and higher-margin sales.
- General Craft Spirits Consumers (Wholesale Channel): This category encompasses individuals who purchase IPST's products through traditional retail outlets (both on-premises like bars and restaurants, and off-premises like liquor stores) supplied by wholesale distributors. These consumers represent a broader market for craft spirits, making purchasing decisions based on availability, brand recognition, and general marketing efforts in local, regional, and national accounts. The DtC strategy is used to build brand recognition in selected regions to support wholesale pull-through to this customer group.
- Tribal Beverage Network (TBN) Patrons: These are individuals who purchase Heritage-branded or new tribally-branded products from the micro production hubs, stores, and tasting rooms established on Native American tribal lands through IPST's TBN collaboration model. This customer group may include local tribal members, visitors to tribal lands, or regional consumers who are attracted to locally produced, premium craft spirits and the unique cultural positioning offered by the TBN.
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Justin Stiefel, Co-Founder, CEO & ChairmanMr. Stiefel is the co-founder and CEO of Heritage Distilling, appointed in January 2011. He is credited with creating the Tribal Beverage Network (TBN) concept. Before co-founding Heritage, he spent 13 years in Washington D.C., primarily working in the United States Senate on taxation, economic development, banking, and oil and gas policy. He also served as Of Counsel at the international law firm Dorsey and Whitney LLP.
Michael Carrosino, Executive Vice President of Finance & Chief Financial OfficerMr. Carrosino has served as Heritage's Acting Chief Financial Officer since June 2023. He is a veteran Finance and Operations executive with over 40 years of experience across multiple public and private industries. His expertise includes Accounting, FP&A, Human Resources, Operations, M&A, divestitures, fundraisings, and restructurings. He has held CFO positions at several companies, including Pacific Biometrics Inc., Experticity, Conversay, Helix BioMedix, and Tatoosh, and also consulted at CFO Selections.
Jennifer Stiefel, Co-Founder, President & DirectorMrs. Stiefel is a co-founder of Heritage Distilling and has been the company's President since 2011. She oversees the Heritage brand preservation and consumer experience and plays a key role in the growth of the Tribal Beverage Network (TBN). Prior to founding Heritage, Mrs. Stiefel worked as a staff assistant for the United States Senate Committee on Appropriations and was a teacher at Fairfax County Public Schools.
Andrew Varga, Chief Revenue Officer & DirectorMr. Varga was appointed strategic consultant and Chief Revenue Officer to Heritage Distilling in April 2023, joining the Board of Directors after the company's IPO in November 2024. He is the founder and principal of AV Train Consulting. With over four decades of experience in the adult beverage industry, he previously served as President of Zimmerman Advertising, Senior Vice President and Chief Marketing Officer of Papa John's International, Inc., and held various executive positions at Brown-Forman Corporation, including Senior Vice President/Managing Director, Wines Marketing, and Vice President/Director of Corporate Strategy.
Dani Perkins, Senior Vice President, Wholesale OperationsMs. Perkins serves as the Senior Vice President of Sales of Heritage Distilling and has been with the company since 2018. She is also identified as the Senior Vice President, Wholesale Operations.
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Key Risks to IP Strategy (IPST)
- Execution and Partnership Risk of the Tribal Beverage Network (TBN): IP Strategy's growth strategy heavily relies on the successful development and expansion of its recently created Tribal Beverage Network (TBN), a unique sales and distribution channel in collaboration with Native American tribes. The success of this model, which involves tribes owning businesses and IP Strategy receiving royalties, carries inherent execution risks related to establishing regional production hubs, stores, and managing partnerships. Unforeseen challenges in scaling this novel network or issues in collaboration with tribal partners could significantly impact the company's projected national expansion and revenue growth.
- Intense Competition and Evolving Consumer Preferences in the Craft Spirits Market: The craft spirits segment is described as an "increasingly competitive environment" with over 2,600 producers in North America, and consumer choices are driven by taste and innovation. Despite its award-winning history, IP Strategy faces substantial ongoing challenges in differentiating its products, maintaining market share, and responding to rapidly changing consumer tastes. Failure to consistently innovate or compete effectively against numerous existing and new craft and larger spirit producers could hinder its growth rate and profitability.
- Regulatory Complexity and Distribution Channel Dependence: Operating in the alcohol industry exposes IP Strategy to a complex and varying regulatory landscape across states for production, distribution, and sales, including direct-to-consumer (DtC) shipping. The company's reliance on a three-tier compliant, third-party platform for DtC sales in 46 states and traditional wholesale distributors means it is susceptible to changes in alcohol regulations, disruptions in third-party platform services, or challenges in managing distributor relationships. Such changes or disruptions could limit market access, increase compliance costs, or impede expansion efforts.
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The addressable market for IP Strategy's main products, which include a diverse line of award-winning craft spirits such as whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails, was more than $21.4 billion in 2023 globally.AI Analysis | Feedback
IP Strategy Holdings, Inc. (IPST) is focused on driving future revenue growth through its strategic involvement in the programmable intellectual property economy and the Story blockchain ecosystem. The company, which recently changed its name from Heritage Distilling Holding Company, Inc., has shifted its primary business model to digital assets and intellectual property. The expected drivers of future revenue growth for IP Strategy (IPST) over the next 2-3 years include:- Expansion of Validator Operations on the Story Network: IP Strategy operates a validator for the Story Protocol, which is a core revenue driver. This involves generating on-chain yield by validating transactions and securing the Story Network, earning rewards in $IP tokens, and receiving commission income from third-party delegations. The company expects increased staking participation and transaction volume within the Story ecosystem to strengthen this revenue stream.
- Growth in the Value and Utilization of its $IP Token Treasury: The company holds $IP tokens as a primary reserve asset, providing exposure to the programmable intellectual property economy. Revenue growth is anticipated from the appreciation of these holdings and their strategic utilization within the Story ecosystem.
- Implementation of Treasury Yield-Enhancement Programs: IP Strategy has launched programs, such as covered-call strategies, designed to generate enhanced recurring treasury income from its existing $IP token holdings without requiring liquidation. These programs are expected to contribute significantly to the company's revenue base.
- Increased Participation and Transaction Volume within the Story Ecosystem: As the broader Story blockchain ecosystem expands, enabling more on-chain registration, licensing, and monetization of intellectual property, IP Strategy's validator operations and its $IP token holdings are expected to benefit from the increased activity and transaction volume, thereby driving revenue growth.
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Share Repurchases
- IP Strategy Holdings, Inc. authorized a share buyback program in February 2026 to repurchase up to 1 million shares by the end of 2026.
- This program has the potential to reduce the total number of shares outstanding by nearly 10%, based on approximately 10.26 million shares outstanding as of mid-February 2026.
Share Issuance
- The number of shares outstanding for IP Strategy Holdings, Inc. increased by 1,803.37% in the year leading up to early March 2026.
- In Q3 2025, IP Strategy Holdings Inc. reported 9 million shares outstanding, marking a 12.5% increase from the preceding quarter.
- A reverse stock split with a ratio of 1:20 was implemented on November 5, 2025.
Capital Expenditures
- IP Strategy Holdings Inc. invested $46,000 in capital expenditures during Q3 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| 7-Day Sell-Off Sends Heritage Distilling Stock Down 43% | 11/26/2025 | |
| Heritage Distilling Stock 8-Day Losing Spree: Stock Falls -58% | 11/26/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.49 |
| Mkt Cap | 6.6 |
| Rev LTM | 572 |
| Op Inc LTM | -44 |
| FCF LTM | -655 |
| FCF 3Y Avg | -460 |
| CFO LTM | -37 |
| CFO 3Y Avg | -31 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 30.5% |
| Rev Chg 3Y Avg | 38.6% |
| Rev Chg Q | 7.8% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | -35.9% |
| Op Inc Chg 3Y Avg | -66.1% |
| Op Mgn LTM | -82.0% |
| Op Mgn 3Y Avg | -73.8% |
| QoQ Delta Op Mgn LTM | -7.8% |
| CFO/Rev LTM | -96.6% |
| CFO/Rev 3Y Avg | -76.5% |
| FCF/Rev LTM | -268.9% |
| FCF/Rev 3Y Avg | -220.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.6 |
| P/S | 9.6 |
| P/Op Inc | -5.2 |
| P/EBIT | -1.2 |
| P/E | -2.3 |
| P/CFO | -8.2 |
| Total Yield | -36.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -29.5% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -18.8% |
| 3M Rtn | -16.3% |
| 6M Rtn | -38.1% |
| 12M Rtn | -44.0% |
| 3Y Rtn | 82.7% |
| 1M Excs Rtn | -20.8% |
| 3M Excs Rtn | -25.8% |
| 6M Excs Rtn | -48.3% |
| 12M Excs Rtn | -70.3% |
| 3Y Excs Rtn | -11.0% |
Price Behavior
Price Behavior
| Market Price | $3.56 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/22/2024 | |
| Distance from 52W High | -99.1% | |
| 50 Days | 200 Days | |
| DMA Price | $6.08 | $260.26 |
| DMA Trend | down | down |
| Distance from DMA | -41.5% | -98.6% |
| 3M | 1YR | |
| Volatility | 245.4% | 191.2% |
| Downside Capture | 523.46 | 593.34 |
| Upside Capture | -124.98 | -65.96 |
| Correlation (SPY) | 13.0% | 14.7% |
IPST Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.37 | 0.73 | 2.61 | 2.09 | 2.50 | -0.74 |
| Up Beta | 3.47 | 1.57 | 2.70 | 2.32 | 1.06 | 0.87 |
| Down Beta | -15.56 | -2.57 | 2.21 | 2.07 | 2.91 | 0.12 |
| Up Capture | -77% | -17% | -27% | -123% | -16% | -3% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 18 | 25 | 46 | 96 | 145 |
| Down Capture | 270% | 117% | 392% | 322% | 220% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 23 | 38 | 77 | 152 | 227 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPST | |
|---|---|---|---|---|
| IPST | -98.6% | 190.7% | -1.37 | - |
| Sector ETF (XLF) | 4.6% | 14.6% | 0.09 | 6.6% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 15.1% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 10.2% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | 2.7% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 3.4% |
| Bitcoin (BTCUSD) | -42.0% | 42.5% | -1.16 | 19.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPST | |
|---|---|---|---|---|
| IPST | -69.6% | 172.9% | -1.47 | - |
| Sector ETF (XLF) | 8.5% | 18.6% | 0.34 | 13.6% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 16.1% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 10.9% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 5.2% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 9.0% |
| Bitcoin (BTCUSD) | 11.3% | 54.6% | 0.40 | 16.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPST | |
|---|---|---|---|---|
| IPST | -44.8% | 172.9% | -1.47 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 13.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 16.1% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 10.9% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 5.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 9.0% |
| Bitcoin (BTCUSD) | 63.3% | 66.9% | 1.03 | 16.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Diversified Capital Markets Resources |
| International Financing Review (IFR) |
| Financial News |
| Global Capital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/6/2026