Growth Metrics

Ip Strategy Holdings (IPST) Operating Expenses (2023 - 2026)

Ip Strategy Holdings' quarterly Operating Expenses came in at $67.6 million in Q1 2026, up 2381.1% year-on-year from $2.7 million in Q1 2025, and down 46.77% quarter-over-quarter from $126.9 million in Q4 2025.

Ip Strategy Holdings has reported Operating Expenses for 4 years, with the latest figure at $67.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 2381.1% year-over-year to $67.6 million; the trailing twelve-month figure through Mar 2026 stood at $204.3 million (up 1092.74% YoY), and the FY2025 full-year result was $139.5 million, up 718.46% from the prior year.
  • Operating Expenses for Q1 2026 stood at $67.6 million, down from $126.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $126.9 million in Q4 2025, with the low at $687018.0 in Q3 2023.
  • Average Operating Expenses over 4 years is $21.5 million, with a median of $3.0 million recorded in 2024.
  • Year-over-year, Operating Expenses retreated 24.9% in 2024 and surged 2381.1% in 2026.
  • Tracing IPST's Operating Expenses over 4 years: stood at $11.5 million in 2023, then dropped by 24.9% to $8.7 million in 2024, then soared by 1366.67% to $126.9 million in 2025, then tumbled by 46.77% to $67.6 million in 2026.
  • The last three Operating Expenses figures came in at $67.6 million (Q1 2026), $126.9 million (Q4 2025), and $3.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Ip Strategy Holdings 2.57 Mn 2.57 Mn 1.17 Mn 67.56 Mn

Historic Data

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DateValue
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 11.52 Mn
Sep 30, 2023 2.77 Mn