Filing Flows › IP Strategy Holdings (IPST) › Q2 2026 › vs Q1 2026
IP Strategy Holdings (IPST) Q2 2026 vs Q1 2026 (quarter over quarter)
IP Strategy Holdings's revenue fell $976K (-57%) from $1.7M in Q1 2026 to $736K in Q2 2026. The biggest changes: Crypto and Related −$899K (-62%); Product and Service −$77K (-30%).
IP Strategy Holdings, Q2 2026: revenue $736K (-44% year over year), net loss $15.4M, operating cash flow −$1.6M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Wholesale | $96K | $194K | −$98K | -50% |
| Direct to Consumer | $70K | $52K | $18K | +35% |
| Spirits Services | $16K | $14K | $2K | +15% |
| Product and Service | $183K | $260K | −$77K | -30% |
| Crypto and Related | $554K | $1.5M | −$899K | -62% |
| Revenue | $736K | $1.7M | −$976K | -57% |
| Net loss | $15.4M | $66.7M | −$51.3M | -77% |
| Costs & expenses | $16.2M | $68.5M | −$52.3M | -76% |
| Operating costs | $15.6M | $68.1M | −$52.5M | -77% |
| Interest & other, net | $615K | $352K | $263K | +75% |
| Income tax | $1K | $0 | $1K | — |
| Cost of revenue | $327K | $543K | −$216K | -40% |
| Sales & marketing | $324K | $442K | −$118K | -27% |
| General & admin | $3.3M | $2.7M | $603K | +23% |
| Other operating costs | $11.7M | $64.5M | −$52.8M | -82% |
| Operating cash sources | $15.4M | $66.7M | −$51.3M | -77% |
| Depreciation & amortization | $34K | $31K | $3K | +9% |
| Share-based compensation | $1.4M | $943K | $425K | +45% |
| Working capital & other | $12.4M | $63.3M | −$50.9M | -80% |
| Cash used in operations | $1.6M | $2.5M | −$809K | -33% |
| Net loss absorbed | $15.4M | $66.7M | −$51.3M | -77% |
Questions
How much did IP Strategy Holdings's revenue grow quarter over quarter in Q2 2026?
IP Strategy Holdings's revenue fell $976K (-57%) from $1.7M in Q1 2026 to $736K in Q2 2026.
What drove IP Strategy Holdings's revenue change in Q2 2026?
Crypto and Related −$899K (-62%); Product and Service −$77K (-30%).