Filing Flows › IP Strategy Holdings (IPST) › Q4 2025
IP Strategy Holdings (IPST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 14, 2026
IP Strategy Holdings (IPST) reported revenue of $4.7M for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +58% from the quarter before.
IP Strategy Holdings, Q4 2025: revenue $4.7M (+52% year over year), net loss $324M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | +58% | +53% |
| Operating profit | −$124M | — | — |
| Net earnings | −$324M | -265% | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $4.7M in Q4 2025, up 53% year over year and up 58% from the previous quarter. Crypto and Related was the largest line at 65% of revenue.
Gross margin was 68.5%, up 57.5 points from Q4 2024. Operating costs exceeded revenue by $123.7M, an operating margin of -2622.6%. Operating expenses grew 1367% against revenue growth of 53%. The quarter ended with a net loss of $323.7M, after a profit of $196.3M the previous quarter. Net interest and other expense of $249.4M was the main reason.
Operating cash flow was −$7.5M. Non-cash charges added back $232K of depreciation and $1.4M of share-based compensation. Working capital and other items added $314.5M.
Questions
What was IP Strategy Holdings' revenue in the fourth quarter 2025?
IP Strategy Holdings (IPST) reported revenue of $4.7M for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +58% from the quarter before.