| Annual · values | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Cash Flow | -15.33 M USD | -11.22 M USD | -8.48 M USD |
| Depreciation & Amortization | 1.06 M USD | 1.28 M USD | 1.43 M USD |
| Stock-Based Compensation | 4.49 M USD | 4.89 M USD | 18594 USD |
| Capital Expenditures | 74754 USD | 106421 USD | 26512 USD |
| Cash Flow from Investing | -16.52 M USD | -101331 USD | -24112 USD |
| Cash Flow from Financing | 31.64 M USD | 11.69 M USD | 8.36 M USD |
| Dividends Paid | — | — | — |
| Stock Buybacks | 2000 USD | 3690 USD | 11340 USD |
| Free Cash Flow | -15.40 M USD | -11.32 M USD | -8.51 M USD |
IP Strategy Holdings, Inc. operates as a diversified business centered on digital assetbased infrastructure and intellectual property (IP) management, supplemented by a legacy craft spirit. The company operates through Crypto and Related Business and Spirits Business segments. The company's treasury reserve of IP tokens provides direct participation in the Story blockchain ecosystem, which enables on-chain registration, licensing, and monetization of intellectual property. The company was formerly known as Heritage Distilling Holding Company, Inc. and change its name to IP Strategy Holdings, Inc. in February 2026. The company was founded in 2011 and is based in Gig Harbor, Washington.