IP Strategy Holdings Inc. Common Stock (IPST)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at IP Strategy Holdings at the 2026-10-13 close: a $1.9 million market cap, $2.82 per share, and FairStock's price-to-book of 0.04. That looks like a deep-value bargain until I read the earnings. In fiscal FY2025, the year ended 2025-12-31, the company filed revenue of $10.1 million and a net loss of $137.7 million. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $1.7 million and net loss was $66.7 million. The swings are extraordinary: fiscal Q3 2025, ended 2025-09-30, filed net income of $196.3 million, yet the full FY2025 still produced a large loss. Earlier, FY2024 filed net income of $710,458 on $8.4 million of revenue, while FY2023 lost $36.8 million on $8.0 million of revenue. Revenue is growing, but profits are not consistent. FairStock's ROE is -1255.58%, ROCE is -21.16%, and Piotroski F-score is 3/9. The business—crypto/IP token treasury plus a craft spirits brand, with 20 employees—has no visible moat. Its IP token reserve is volatile, so the 0.04 price-to-book may not be a true margin of safety. Debt/equity of 0.14 is modest, but for a financial company I would want CET1, NIM, or combined ratio; those are not in the data. FairStock calls it a TURNAROUND: loss in the latest year after earlier profits. I prefer consistent earning power and conservatively valued assets. Here the price is low, but the quality and predictability are not.

In plain English: IP Strategy Holdings is a tiny company that runs crypto and intellectual-property related businesses plus a legacy craft spirits brand. Its revenue has been growing, but it has recently suffered huge losses and its profits have swung wildly. The stock price is very low compared with its stated accounting value, but because the business is losing money and its assets are volatile, the price looks speculative rather than clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer