Filing Flows › IP Strategy Holdings (IPST) › Q2 2026
IP Strategy Holdings (IPST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Oct 23, 2026
IP Strategy Holdings (IPST) reported revenue of $736K for the second quarter 2026 (Q2 2026), -44% from a year earlier and -57% from the quarter before.
IP Strategy Holdings, Q2 2026: revenue $736K (-44% year over year), net loss $15.4M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $736K | -57% | -44% |
| Operating profit | −$14.8M | — | — |
| Net earnings | −$15.4M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $736K in Q2 2026, down 44% year over year and down 57% from the previous quarter. Crypto and Related was the largest line at 75% of revenue. Direct to Consumer lost $533K year over year (down 88%), 91% of the total change.
Gross margin was 55.5%, up 38.4 points from Q2 2025. Operating costs exceeded revenue by $14.8M, an operating margin of -2014.3%. Operating expenses grew 122% against a revenue fall of 44%. The quarter ended with a net loss of $15.4M, narrower than the previous quarter's $66.7M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $34K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $12.4M.
Questions
What was IP Strategy Holdings' revenue in the second quarter 2026?
IP Strategy Holdings (IPST) reported revenue of $736K for the second quarter 2026 (Q2 2026), -44% from a year earlier and -57% from the quarter before.