IP Strategy Holdings Inc
ir.ipstrategy.coWhat Do They Do?
Runs validator services that check transactions on the Story Network and sells craft spirits directly to consumers and through distributors.
10-K for FY2025, filed Apr 14, 2026We are among the largest corporate holders of $IP Tokens, and we actively deploy these holdings to generate yield and service revenue…View ↗
In parallel with our digital asset management operations, we continue to operate a streamlined spirits business through our Heritage…View ↗
Sales and DistributionView ↗
How Do They Make Money?
The validator earns token rewards for checking Story Network transactions, receiving them when blocks are completed; spirits customers pay when products ship or are delivered. Tribal partners pay development fees and ongoing royalties on gross sales under brand and support arrangements.
10-K for FY2025, filed Apr 14, 2026The Company earns commission income and staking rewards in the form of $IP Tokens from validator operations. A contract with enforceable…View ↗
The Company’s Spirits business revenue consists primarily of the sale of spirits domestically in the United States. Customers consist…View ↗
Direct-to-Consumer Sales. We sell spirits directly to consumers online where legally permitted, utilizing a three-tier-compliant…View ↗
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10-K for FY2025, filed Apr 14, 2026
FY2025 revenue by product or service ↗
$10.1M
-
10-K for FY2025, filed Apr 14, 2026
$10.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Crypto and Related
Usage-based
10-K for FY2025, filed Apr 14, 2026 |
49% |
Crypto and Related, FY2025
$5M Sources
|
Usage-based |
|
Spirits Products
Sold outright
10-K for FY2025, filed Apr 14, 2026 |
41% |
Spirits Products, FY2025
$4.2M Sources
|
Sold outright |
|
Spirits Services
Licensed
10-K for FY2025, filed Apr 14, 2026 |
9.6% |
Spirits Services, FY2025
$968.9K Sources
|
Licensed |
Who Are Their Customers?
Customers buy spirits directly online; wholesale distributors carry the products, and tribal partners operate branded production and retail businesses under licenses.
10-K for FY2025, filed Apr 14, 2026Sales and DistributionView ↗
Direct-to-Consumer Sales. We sell spirits directly to consumers online where legally permitted, utilizing a three-tier-compliant…View ↗
The Company’s Spirits business revenue consists primarily of the sale of spirits domestically in the United States. Customers consist…View ↗
Do Revenues Turn Into Profits?
No. It lost $137.7M in FY2025.
10-K for FY2025, filed Apr 14, 2026
−$133.9MView ↗
10-K for FY2025, filed Apr 14, 2026
−$137.7MView ↗
10-K for FY2025, filed Apr 14, 2026
−$15.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Oct 23, 2026
−$15.4MView ↗
- ▲ +112% (Loss)
- vs −$7.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Oct 23, 2026
Open tableView ↗
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Sep 1, 2026
Nasdaq notified the company of a late-filing compliance violation
The notice had no immediate effect on the listing, but the company must regain compliance to avoid possible delisting.
Sources
8-K, filed Sep 1, 2026
On August 26, 2026, IP Strategy Holdings, Inc. (the “Company”) received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”)…View ↗
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May 14, 2026
Nasdaq confirmed the company regained minimum-bid compliance
The company remained subject to a mandatory panel monitor.
Sources
8-K, filed May 14, 2026
On May 11, 2026, the Company received a notification letter from Nasdaq stating that the Panel found (the “Panel Determination”) the…View ↗
Who Do They Compete With?
Competes with Audius, LBRY, and Royal.io
10-K for FY2025, filed Apr 14, 2026Competition for $IP Tokens. Thousands of digital assets have been developed since the inception of Bitcoin, which is currently the most…View ↗
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