Ionic Digital Inc.
IOND
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Ionic Digital Inc. operates in the capital markets sector, which is poised for growth as digital transformation accelerates in financial services.
- The company reported a gross margin of 93.3% in Q2 2026, up from 88.2% in Q1 2026.
- Revenue for Q2 2026 was $48.647 million, showing a slight decrease of 5% compared to the prior quarter.
- Despite high gross margins, Ionic Digital Inc. has faced significant challenges with a negative profit margin of -1.84% in recent quarters.
- The company reported a net income loss of $35.305 million in Q2 2026, continuing a trend of negative earnings.
- For the year 2025, Ionic Digital Inc. had a total revenue of $141.398 million but a staggering net income loss of $247.723 million.
Fundamentals
| Market cap | $3.57B | Enterprise value | $3.51B | Trailing P/E | — | Forward P/E | 33.78 |
| PEG | — | Price / book | 5.81 | Beta | — | Dividend yield | 0.00% |
| Revenue growth | 30.8% | Earnings growth | — | Gross margin | 69.4% | Operating margin | 42.8% |
| Profit margin | -1.8% | ROE | — | ROA | — | Debt / equity | 0.00 |
| Current ratio | 24.39 | Free cash flow | — | Analyst recommendation | none | Mean target | $85.00 |
| 52w high | $89.36 | 52w low | $50.00 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|
| Revenue | $48.6M | $51.4M | $37.2M | $41.1M |
| Op margin | 42.8% | 45.4% | -35.0% | -19.4% |
| Net income | -$35.3M | -$13.0M | $31.9M | -$28.0M |
| Gross margin | 93.3% | 88.2% | 40.2% | 38.6% |
| Gross profit | $45.4M | $45.4M | $14.9M | $15.9M |
| Operating income | $20.8M | $23.4M | -$13.0M | -$8.0M |
- Revenue -5% vs prior quarter ($49M vs $51M).
- Gross margin 93.3% (was 88.2% prior quarter).
Yearly (6y)
| 2025 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Revenue | $141M | $115M | $147M | $150M |
| Op margin | -44.8% | -63.9% | -11.2% | 65.6% |
| Net income | -$248M | -$170M | -$436M | $57.0M |
| Gross margin | 37.8% | 35.6% | 53.4% | 82.6% |
| Gross profit | $53.4M | $41.1M | $78.4M | $124M |
| Operating income | -$63.3M | -$73.8M | -$16.4M | $98.5M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · 3 Great Growth Stocks To Own In October 2026
2026-10-07 · Ionic Digital Schedules Third Quarter 2026 Conference Call
2026-09-14 · Ionic Digital secures provisional Base Load status for 466 MW at Ward County
2026-09-10 · Here are all of the former BTC miners who received Batch Zero classifications
2026-09-10 · Ionic Digital Receives Base Load Provisional Classification in ERCOT’s Batch Zero Process
2026-08-24 · Jefferies Initiates Ionic Digital at Buy With $85 Price Target
2026-08-20 · Is Ionic Digital (IOND) Fully Priced After Its Revenue Reported A Premium Valuation?
2026-08-19 · Ionic Digital Q2 Earnings Call Highlights
2026-08-19 · Ionic Digital Swings to Q2 Loss, Revenue Rises; Reaffirms Guidance
2026-08-19 · Ionic Digital Announces Second Quarter 2026 Results
2026-08-17 · Ionic Digital Supports Governor Abbott’s Efforts to Ensure Responsible Data Center Development in Texas
Price (daily)
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