Symbols / IPST Stock $4.19 -8.22% IP Strategy Holdings, Inc.

Financial Services • Capital Markets • United States • NCM
IPST (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Justin B. Stiefel J.D.
Exch · Country NCM · United States
Market Cap 2.87M
Enterprise Value 7.65M
Income -201.77M
Sales 10.54M
FCF (ttm) -5.09M
Book/sh 203.53
Cash/sh 0.14
Employees 20
Insider 10d —
IPO Nov 22, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 19.02
PEG —
P/S 0.27
P/B 0.02
P/C —
EV/EBITDA -0.69
EV/Sales 0.73
Quick Ratio 0.20
Current Ratio 0.43
Debt/Eq 14.24
LT Debt/Eq —
EPS (ttm) -319.96
EPS next Y 0.22
EPS Growth —
Revenue Growth 60.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) —
Earnings (prior) —
ROA -21.16%
ROE -12.56%
ROIC —
Gross Margin 61.27%
Oper. Margin -112.77%
Profit Margin 0.00%
Shs Outstand 686.08K
Shs Float 664.14K
Insider Own 2.83%
Instit Own 10.88%
Short Float 9.34%
Short Ratio 0.47
Short Interest 49.26K
52W High 532.00
vs 52W High -99.21%
52W Low 3.42
vs 52W Low 22.37%
Beta —
Impl. Vol. —
Rel Volume 0.12
Avg Volume 210.72K
Volume 25.71K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $4.56
Price $4.18
Change -8.22%
About

IP Strategy Holdings, Inc. operates as a diversified business centered on digital asset–based infrastructure and intellectual property (“IP”) management, supplemented by a legacy craft spirit. The company operates through Crypto and Related Business and Spirits Business segments. The company's treasury reserve of IP tokens provides direct participation in the Story blockchain ecosystem, which enables on-chain registration, licensing, and monetization of intellectual property. The company was formerly known as Heritage Distilling Holding Company, Inc. and change its name to IP Strategy Holdings, Inc. in February 2026. The company was founded in 2011 and is based in Gig Harbor, Washington.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$4.19
Latest analyst target
3. DCF / Fair value
$-133.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.19
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-23 init Roth Capital — → Buy $8
News
RSS: Latest IPST news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-02 MARKER BETH A Officer — 1,875 — —
2026-04-02 PERKINS DANIELLE B Officer — 1,875 — —
2026-02-02 CARROSINO MICHAEL Chief Financial Officer — 22,312 — —
2026-02-02 MARKER BETH A Officer — 1,875 — —
2026-02-02 PERKINS DANIELLE B Officer — 1,875 — —
2025-09-18 VARGA ANDREW M Director — 300,000 $0.00 $30
2025-09-18 STIEFEL JUSTIN B Chief Executive Officer — 3,309,615 $0.00 $331
2025-05-23 SMITH CHRISTOPHER H. Director — 102,000 $0.53 $54,080
2025-05-23 STIEFEL JUSTIN B Chief Executive Officer — 545,295 — —
2025-05-23 MARKER BETH A Officer — 97,554 $0.53 $51,719
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
10.12
+20.43%
8.40
+5.41%
7.97
-4.07%
8.31
Operating Revenue
10.12
+20.43%
8.40
+5.41%
7.97
-4.07%
8.31
Cost Of Revenue
4.56
-27.36%
6.28
+7.84%
5.82
-4.54%
6.10
Reconciled Cost Of Revenue
3.97
-27.87%
5.51
+8.87%
5.06
-7.26%
5.45
Gross Profit
5.56
+161.55%
2.13
-1.17%
2.15
-2.77%
2.21
Operating Expense
17.92
+5.23%
17.02
+28.47%
13.25
-5.23%
13.98
Selling General And Administration
17.02
+6.34%
16.00
+32.34%
12.09
-5.07%
12.74
Selling And Marketing Expense
1.20
-28.09%
1.67
-15.30%
1.97
-1.94%
2.01
General And Administrative Expense
15.82
+10.34%
14.34
+41.60%
10.12
-5.66%
10.73
Salaries And Wages
8.65
+6.75%
8.10
+55.23%
5.22
-7.05%
5.62
Other Gand A
5.84
+19.16%
4.90
+38.64%
3.54
+16.51%
3.03
Total Expenses
22.48
-3.55%
23.30
+22.18%
19.07
-5.02%
20.08
Operating Income
-12.36
+17.07%
-14.90
-34.22%
-11.10
+5.70%
-11.77
Total Operating Income As Reported
-133.94
-797.82%
-14.92
-32.44%
-11.26
+4.76%
-11.83
EBITDA
-134.59
-2766.23%
5.05
+115.61%
-32.34
-316.83%
-7.76
Normalized EBITDA
-11.32
+13.68%
-13.12
-42.99%
-9.17
+7.99%
-9.97
Reconciled Depreciation
1.49
-17.06%
1.79
-6.77%
1.92
+1.76%
1.89
EBIT
-136.08
-4280.30%
3.26
+109.50%
-34.26
-255.12%
-9.65
Total Unusual Items
-123.27
-778.59%
18.17
+178.41%
-23.17
-1147.85%
2.21
Total Unusual Items Excluding Goodwill
-123.27
-778.59%
18.17
+178.41%
-23.17
-1147.85%
2.21
Special Income Charges
-5.07
-249.11%
3.40
+2186.64%
-0.16
-196.36%
-0.06
Other Special Charges
-1.67
—
—
—
Restructuring And Mergern Acquisition
-0.01
-125.00%
0.02
-87.73%
0.16
+196.36%
0.06
Write Off
3.36
+198.12%
-3.42
0.00
—
Net Income
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Pretax Income
-137.72
-19238.73%
0.72
+101.96%
-36.79
-200.09%
-12.26
Net Non Operating Interest Income Expense
-1.64
+35.24%
-2.54
-0.35%
-2.53
+3.24%
-2.61
Interest Expense Non Operating
1.64
-35.24%
2.54
+0.35%
2.53
-3.24%
2.61
Net Interest Income
-1.64
+35.24%
-2.54
-0.35%
-2.53
+3.24%
-2.61
Interest Expense
1.64
-35.24%
2.54
+0.35%
2.53
-3.24%
2.61
Other Income Expense
-123.72
-781.52%
18.15
+178.38%
-23.16
-1190.75%
2.12
Other Non Operating Income Expenses
-0.45
-3757.36%
-0.01
-340.14%
0.00
+105.60%
-0.09
Gain On Sale Of Security
-118.20
-900.56%
14.76
+164.18%
-23.01
-1115.23%
2.27
Tax Provision
-0.01
-192.79%
0.01
+30.71%
0.01
-13.59%
0.01
Tax Rate For Calcs
0.00
-99.21%
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
-0.01
-105.34%
0.23
0.00
-100.00%
0.46
Net Income Including Noncontrolling Interests
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Net Income From Continuing Operation Net Minority Interest
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Net Income From Continuing And Discontinued Operation
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Net Income Continuous Operations
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Normalized Income
-14.46
+16.07%
-17.22
-26.37%
-13.63
+2.74%
-14.01
Net Income Common Stockholders
-138.19
-220102.42%
0.06
+100.17%
-36.80
-199.95%
-12.27
Otherunder Preferred Stock Dividend
0.00
-100.00%
0.16
0.00
—
Diluted EPS
-320.60
+59.38%
-789.20
+73.78%
-3,009.60
-199.95%
-1,003.37
Basic EPS
-320.60
-1735.71%
19.60
+100.65%
-3,009.60
-199.95%
-1,003.37
Basic Average Shares
0.43
+13356.04%
0.00
-73.80%
0.01
-40.93%
0.02
Diluted Average Shares
0.43
+2335.84%
0.02
-16.21%
0.02
+2.01%
0.02
Diluted NI Availto Com Stockholders
-138.19
-889.53%
-13.97
+62.05%
-36.80
-199.95%
-12.27
Average Dilution Earnings
0.00
+100.00%
-14.03
0.00
—
Depreciation Amortization Depletion Income Statement
0.90
-12.04%
1.02
-11.90%
1.16
-6.90%
1.25
Depreciation And Amortization In Income Statement
0.90
-12.04%
1.02
-11.90%
1.16
-6.90%
1.25
Depreciation Income Statement
0.90
-12.04%
1.02
-11.90%
1.16
-6.90%
1.25
Gain On Sale Of PPE
-3.39
—
—
—
Preferred Stock Dividends
0.47
-3.57%
0.49
—
—
Rent And Landing Fees
1.33
-0.30%
1.33
-2.70%
1.37
-34.20%
2.08
Rent Expense Supplemental
1.33
-0.30%
1.33
-2.70%
1.37
-34.20%
2.08
Line Item Trend 2024-12-31
Total Assets
28.00
Current Assets
3.92
Cash Cash Equivalents And Short Term Investments
0.45
Cash And Cash Equivalents
0.45
Cash Financial
0.45
Receivables
0.64
Accounts Receivable
0.64
Inventory
2.47
Raw Materials
1.07
Work In Process
0.94
Finished Goods
0.46
Other Current Assets
0.36
Total Non Current Assets
24.08
Net PPE
8.75
Gross PPE
16.53
Accumulated Depreciation
-7.78
Properties
0.00
Machinery Furniture Equipment
6.21
Construction In Progress
0.08
Other Properties
3.30
Leases
6.93
Goodwill And Other Intangible Assets
1.01
Goodwill
0.59
Other Intangible Assets
0.42
Investments And Advances
14.29
Long Term Equity Investment
14.29
Other Non Current Assets
0.03
Total Liabilities Net Minority Interest
27.21
Current Liabilities
13.81
Payables And Accrued Expenses
7.67
Payables
6.51
Accounts Payable
4.98
Current Accrued Expenses
1.15
Total Tax Payable
1.54
Current Debt And Capital Lease Obligation
4.89
Current Debt
3.76
Other Current Borrowings
—
Current Capital Lease Obligation
1.13
Other Current Liabilities
1.25
Total Non Current Liabilities Net Minority Interest
13.40
Long Term Debt And Capital Lease Obligation
12.29
Long Term Debt
9.48
Long Term Capital Lease Obligation
2.81
Other Non Current Liabilities
0.13
Stockholders Equity
0.79
Common Stock Equity
0.79
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
0.01
Ordinary Shares Number
0.01
Treasury Shares Number
0.00
Additional Paid In Capital
74.93
Retained Earnings
-74.13
Total Equity Gross Minority Interest
0.79
Total Capitalization
10.27
Working Capital
-9.89
Invested Capital
14.03
Total Debt
17.18
Net Debt
12.79
Capital Lease Obligations
3.94
Net Tangible Assets
-0.22
Tangible Book Value
-0.22
Current Notes Payable
3.76
Derivative Product Liabilities
0.00
Interest Payable
0.20
Non Current Accrued Expenses
0.98
Preferred Stock Equity
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-15.33
-36.67%
-11.22
-32.26%
-8.48
+8.79%
-9.30
Cash Flow From Continuing Operating Activities
-15.33
-36.67%
-11.22
-32.26%
-8.48
+8.79%
-9.30
Net Income From Continuing Operations
-137.72
-19484.02%
0.71
+101.93%
-36.80
-199.95%
-12.27
Depreciation Amortization Depletion
1.49
-17.06%
1.79
-6.77%
1.92
+1.76%
1.89
Depreciation
1.49
-17.06%
1.79
-6.77%
1.92
+1.76%
1.89
Depreciation And Amortization
1.49
-17.06%
1.79
-6.77%
1.92
+1.76%
1.89
Other Non Cash Items
3.60
+911.99%
0.36
-18.40%
0.44
-64.33%
1.22
Stock Based Compensation
4.61
-5.72%
4.89
+26210.15%
0.02
-78.54%
0.09
Operating Gains Losses
2.68
+168.32%
-3.92
-1481.65%
0.28
+357.73%
-0.11
Gain Loss On Investment Securities
3.36
+180.74%
-4.16
-1831.27%
0.24
+261.87%
-0.15
Unrealized Gain Loss On Investment Securities
118.20
+942.60%
-14.03
-161.62%
22.76
+1175.01%
-2.12
Gain Loss On Sale Of PPE
0.99
+310.55%
0.24
+457.96%
0.04
+12.78%
0.04
Change In Working Capital
-8.18
-700.75%
-1.02
-135.32%
2.89
+44.52%
2.00
Change In Receivables
0.29
+250.58%
0.08
+136.55%
-0.23
+15.92%
-0.27
Changes In Account Receivables
0.29
+250.58%
0.08
+136.55%
-0.23
+15.92%
-0.27
Change In Inventory
0.48
-65.60%
1.41
+59.13%
0.89
+29.27%
0.69
Change In Payables And Accrued Expense
-3.00
-346.11%
-0.67
-162.34%
1.08
-20.69%
1.36
Change In Payable
-3.00
-346.11%
-0.67
-162.34%
1.08
-20.69%
1.36
Change In Other Current Assets
-4.06
-3854.53%
-0.10
-174.61%
0.14
-84.29%
0.88
Change In Other Current Liabilities
-1.90
-9.40%
-1.74
-270.67%
1.02
+257.36%
-0.65
Investing Cash Flow
-16.52
-16202.32%
-0.10
-320.25%
-0.02
+96.08%
-0.61
Cash Flow From Continuing Investing Activities
-16.52
-16202.32%
-0.10
-320.25%
-0.02
+96.08%
-0.61
Net PPE Purchase And Sale
-0.07
+29.76%
-0.11
-301.41%
-0.03
+95.85%
-0.64
Purchase Of PPE
-0.07
+29.76%
-0.11
-301.41%
-0.03
+95.85%
-0.64
Sale Of PPE
—
—
—
0.03
Capital Expenditure
-21.09
-19721.98%
-0.11
-301.41%
-0.03
+95.85%
-0.64
Net Business Purchase And Sale
0.00
-100.00%
0.01
0.00
—
Net Intangibles Purchase And Sale
-16.56
0.00
—
—
Purchase Of Intangibles
-21.02
0.00
—
—
Net Other Investing Changes
0.12
—
0.00
-90.40%
0.03
Financing Cash Flow
31.64
+170.58%
11.69
+39.91%
8.36
-15.82%
9.93
Cash Flow From Continuing Financing Activities
31.64
+170.58%
11.69
+39.91%
8.36
-15.82%
9.93
Net Issuance Payments Of Debt
-6.17
-334.81%
2.63
-69.56%
8.63
-14.06%
10.04
Issuance Of Debt
0.00
-100.00%
4.35
-50.64%
8.81
-19.79%
10.99
Repayment Of Debt
-6.17
-257.98%
-1.72
-841.42%
-0.18
+80.64%
-0.95
Long Term Debt Issuance
0.00
-100.00%
4.35
-50.64%
8.81
-17.92%
10.74
Long Term Debt Payments
-6.17
-257.98%
-1.72
-841.42%
-0.18
-247.35%
-0.05
Net Long Term Debt Issuance
-6.17
-334.81%
2.63
-69.56%
8.63
-19.23%
10.69
Short Term Debt Issuance
—
—
0.25
+0.00%
0.25
Short Term Debt Payments
—
—
-0.18
+79.49%
-0.89
Net Short Term Debt Issuance
—
—
0.07
+110.42%
-0.64
Net Common Stock Issuance
4.82
-19.16%
5.96
+52624.78%
-0.01
+12.50%
-0.01
Common Stock Payments
-0.00
+45.80%
-0.00
+67.46%
-0.01
+12.50%
-0.01
Repurchase Of Capital Stock
-0.00
+45.80%
-0.00
+67.46%
-0.01
+12.50%
-0.01
Proceeds From Stock Option Exercised
32.99
+2260.10%
1.40
0.00
-100.00%
0.05
Net Other Financing Charges
—
-0.31
-19.24%
-0.26
-71.88%
-0.15
Changes In Cash
-0.21
-155.25%
0.38
+357.45%
-0.15
-923.14%
0.02
Beginning Cash Position
0.45
+489.46%
0.08
-65.53%
0.22
+8.65%
0.21
End Cash Position
0.25
-45.87%
0.45
+489.46%
0.08
-65.53%
0.22
Free Cash Flow
-36.42
-221.70%
-11.32
-33.10%
-8.51
+14.39%
-9.94
Interest Paid Supplemental Data
3.62
+65.39%
2.19
+4.68%
2.09
+23.48%
1.69
Income Tax Paid Supplemental Data
0.00
+89.21%
0.00
-76.43%
0.01
-13.59%
0.01
Change In Income Tax Payable
-3.00
-346.11%
-0.67
-162.34%
1.08
-20.69%
1.36
Change In Tax Payable
-3.00
-346.11%
-0.67
-162.34%
1.08
-20.69%
1.36
Common Stock Issuance
4.82
-19.17%
5.96
0.00
—
Issuance Of Capital Stock
4.82
-39.67%
7.99
0.00
—
Net Preferred Stock Issuance
0.00
-100.00%
2.02
0.00
—
Preferred Stock Issuance
0.00
-100.00%
2.02
0.00
—
Sale Of Business
0.00
-100.00%
0.01
0.00
—
Sale Of Intangibles
4.46
0.00
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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