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How IP Strategy Holdings (IPST) makes money
IP Strategy Holdings (IPST) made $736K of revenue in the second quarter 2026 (Q2 2026), -44% from a year earlier. Crypto and Related brought in $554K (75%); Product and Service brought in $183K (25%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Crypto and Related | $554K | 75.2% | -62% | — |
| Product and Service | $183K | 24.8% | -30% | -86% |
| ↳ Wholesale | $96K | 13.0% | -50% | -79% |
| ↳ Direct to Consumer | $70K | 9.6% | +35% | -88% |
| ↳ Spirits Services | $16K | 2.2% | +15% | -94% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $736K | 100.0% |
| Income tax | $1K | 0.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $736K | -44% |
| Q1 2026 | $1.7M | +57% |
| Q4 2025 | $4.7M | +52% |
| Q3 2025 | $3.0M | +70% |
| Q2 2025 | $1.3M | -28% |
| Q1 2025 | $1.1M | -36% |
| Q4 2024 | $3.1M | +26% |
From IP Strategy Holdings' 10-Q filed Oct 23, 2026 (on EDGAR).
Questions
How does IP Strategy Holdings make money?
IP Strategy Holdings (IPST) made $736K of revenue in the second quarter 2026 (Q2 2026), -44% from a year earlier. Crypto and Related brought in $554K (75%); Product and Service brought in $183K (25%).
What is IP Strategy Holdings' biggest business?
Crypto and Related: $554K in the second quarter 2026, 75% of revenue.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.