Ip Strategy Holdings (IPST) Operating Expenses (2023 - 2026)
Ip Strategy Holdings' Operating Expenses was $67.56 million in Q1 2026, compared with $2.72 million a year earlier and down 46.8% from the prior quarter.
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Analysis
Ip Strategy Holdings (IPST) Operating Expenses (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ip Strategy Holdings' Operating Expenses was $204.34 million through Mar 31, 2026; for FY2025, it was $139.5 million, up 718.5% from FY2024.
- In earlier years, Operating Expenses was $17.04 million in FY2024 (+27.1%) and $13.42 million in FY2023.
- Quarterly Operating Expenses has moved between $2.64 million (Q1 2024) and $126.92 million (Q4 2025) over five years.
- Compared with a year earlier, Operating Expenses was higher in four of the last five quarters, with growth averaging 68.1%.
- Per Business Quant data, IPST's Operating Expenses in the three quarters before Q1 2026 was $126.92 million (Q4 2025), $2.98 million (Q3 2025) and $6.88 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 1.33 Bn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 7.26 Bn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 2.72 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 128.25 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 260.40 Mn |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 4.28 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 2.98 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 207.36 Mn |
| 10 | Ip Strategy Holdings | 1.70 Mn | 1.70 Mn | 1.17 Mn | 67.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 67.56 Mn |
| Dec 31, 2025 | 126.92 Mn |
| Sep 30, 2025 | 2.98 Mn |
| Jun 30, 2025 | 6.88 Mn |
| Mar 31, 2025 | 2.72 Mn |
| Dec 31, 2024 | 8.65 Mn |
| Sep 30, 2024 | 2.71 Mn |
| Jun 30, 2024 | 3.05 Mn |
| Mar 31, 2024 | 2.64 Mn |
| Dec 31, 2023 | 2.85 Mn |
| Sep 30, 2023 | 2.77 Mn |
API Access
Ip Strategy Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();