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

Ip Strategy Holdings (IPST) recorded quarterly Operating Expenses of $67.6 million in Q1 2026, down 46.77% quarter-over-quarter from $126.9 million in Q4 2025, and up 2381.1% on a YoY basis from $2.7 million in Q1 2025.

Ip Strategy Holdings (IPST) Operating Expenses (2023 - 2026) Analysis & Trends

Ip Strategy Holdings' Operating Expenses history runs 4 years deep, the most recent figure standing at $67.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2381.1% year-over-year to $67.6 million; the TTM figure through Mar 2026 stood at $204.3 million (up 1092.74% YoY), while the FY2025 annual figure was $139.5 million, up 718.46% from the prior year.
  • Operating Expenses was $67.6 million for Q1 2026 at Ip Strategy Holdings, down from $126.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $126.9 million in Q4 2025 to a low of $687018.0 in Q3 2023.
  • Historically, Operating Expenses has averaged $21.5 million across 4 years, with a median of $3.0 million in 2024.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses declined 24.9% in 2024, then soared 2381.1% in 2026.
  • A 4-year view of Operating Expenses shows it stood at $11.5 million in 2023, then slipped by 24.9% to $8.7 million in 2024, then surged by 1366.67% to $126.9 million in 2025, then plunged 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 Ip Strategy Holdings 1.94 Mn 1.94 Mn 1.17 Mn 67.56 Mn

Historic Data

Download Data
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 687,018.00