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Heritage Distilling(NASDAQ) IPST

Market Cap$1.56MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2024)-100%
5 YearN/A
1 Year-99%
1 Month-12%
$2.27
-4.22%
-0.10Today
After hours$2.17-$0.10 (-4.45%)
Heritage Distilling last closing stock price
MetricPriceDate
Last closeUSD 2.162026-07-31
Heritage Distilling stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-11.48%USD 2.442026-07-24
1 month-11.84%USD 2.452026-07-01
3 month-60.73%USD 5.502026-05-01
Year to date-93.08%USD 31.202025-12-31
1 year-99.02%USD 219.602025-07-31
Since inception-99.84%USD 1,360.002024-11-22

Heritage Distilling Financials at a Glance

Market Cap

$1.56MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$10.74M

Net Income (TTM)

-$201.43M

EPS (TTM)

-$772.46

P/E Ratio

0.00

Dividend

$0.00

Beta (Volatility)

1.64 (High)

Price

$2.27

Volume

6,017.104

Open

$2.25

Previous Close

$2.16

Daily Range

$2.10 - $2.27

52-Week Range

$2.10 - $532.00

Estimated Earnings Date

Sep 2, 2026

IPST News

No articles available.

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About Heritage Distilling

IP Strategy Holdings helps people manage digital intellectual property and enjoy craft spirits. Its digital platform lets creators register and license their work securely. The company also offers specialty whiskeys for consumers and partners.

Products and Services

  • Digital Asset Management: Manages $IP Tokens for on-chain registration, licensing, and monetization of intellectual property.
  • Validator Operations (part of Digital Asset Management): Runs validator nodes on the Story Network, earning rewards and transaction fees.
  • Craft Spirits Products (41.5%): Produces and sells whiskeys and flavored spirits, targeting retail and wholesale buyers.
  • Spirits Services (9.6%): Offers licensing and royalty agreements, mainly through partnerships with Native American tribes.
  • Direct-to-Consumer Sales: Ships spirits to customers in 46 states via online channels.

Growth and Expansion

  • Launched validator operations on the Story Network in September 2025.
  • Adopted a digital asset treasury reserve policy in August 2025.
  • Closed all retail tasting rooms by December 2025, shifting to contract production in early 2026.
  • Expanded Tribal Beverage Network licensing with Native American tribes throughout 2025.
  • Partnered with Crypto.com, BitGo, and Kraken for digital asset custody in 2025.

What Makes IP Strategy Holdings Stand Out

The company combines digital asset management with craft spirits, offering public market exposure to both. Its asset-light model reduces overhead by focusing on licensing and third-party production. The Tribal Beverage Network creates unique partnerships for spirits distribution and brand growth.

Five Things You Need to Know

  • Revenue was $10.1 million in 2025, up 20.4% from 2024.
  • Crypto segment contributed 48.9% of 2025 revenue after launching validator operations.
  • Gross profit reached $5.56 million in 2025, up from $2.13 million in 2024.
  • Net loss was $137.7 million in 2025, mainly from digital asset value swings.

Bottom Line

IP Strategy Holdings has shifted from traditional spirits to a dual focus on digital assets and licensing. Its evolving model highlights adaptability in two regulated industries.

AI Generated • Apr 16, 2026

Industry

Beverages

Sector

Consumer Staples

Employees

21

CEO

Justin B. Stiefel

Website

ipstrategy.co

Headquarters

Gig Harbor, WA 98332, US

IPST Financials

Key Financial Metrics (TTM)

Gross Margin

58.27%

Operating Margin

-710.72%

Net Income Margin

-1875.55%

Return on Equity

-146.98%

Return on Capital

-12.00%

Return on Assets

-470.95%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.56MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

721.60K

Volume

6.02K

Avg. Volume

62.99K

Financials (TTM)

Gross Profit

$6.26M

Operating Income

-$76.33M

EBITDA

-$199.06M

Operating Cash Flow

-$15.75M

Capital Expenditure

-$77.43K

Free Cash Flow

-$15.83M

Cash & ST Invst.

$92.70K

Total Debt

$4.62M

Heritage Distilling Performance Analysis

Heritage Distilling annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 8,309,5650.3%
20232023-12-31USD 7,971,224-4.1%
20242024-12-31USD 8,402,4885.4%
20252025-12-31USD 10,119,38720.4%
Heritage Distilling sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3021.0%
Q32025-09-30126.1%
Q42025-12-3157.8%
Q12026-03-31-63.7%
Heritage Distilling annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -1,057.4069.9%
20232023-12-31USD -3,171.67199.9%
20242024-12-31USD -1,059.26-66.6%
20252025-12-31USD -320.63-69.7%
Heritage Distilling sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-63.8%
Q32025-09-30210.1%
Q42025-12-31-297.1%
Q12026-03-3179.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.71M

+56.8%

Gross Profit

$1.17M

+330.0%

Gross Margin

68.28%

N/A

Market Cap

$1.56MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$74.22K

N/A

Employees

21

N/A

Net Income

-$66.74M

-2100.6%

EBITDA

-$66.58M

-3044.0%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$92.70K

-6.9%

Total Debt

$4.62M

-72.8%

Accounts Receivable

$1.66M

+731.8%

Inventory

$1.57M

-37.2%

Long Term Debt

$1.56M

-87.3%

Short Term Debt

$3.05M

-34.9%

Return on Assets

-4.71%

N/A

Return on Invested Capital

-2.25%

N/A

Free Cash Flow

-$2.45M

-19.8%

Operating Cash Flow

-$2.45M

-20.8%

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Questions About IPST

What is the current price of Heritage Distilling?

Heritage Distilling is trading at $2.16 per share.

What is the 52-week range for Heritage Distilling?

Over the past 52 weeks, Heritage Distilling has traded between $2.10 and $532.00.

How much debt does Heritage Distilling have?

As of the most recent reporting period, Heritage Distilling reported total debt of $4.62M.

How much cash does Heritage Distilling have on hand?

Heritage Distilling reported $92.70K in cash and cash equivalents in its most recent financial results.

What is Heritage Distilling’s dividend yield?

Heritage Distilling does not currently have a dividend yield.

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