# Ip Strategy Holdings, Inc. (IPST)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/ip-strategy-holdings-inc/ JSON: https://steadybase.io/company/ip-strategy-holdings-inc.json Checked Nov 10, 2026. Latest filing read: Oct 23, 2026.

## Company

- Legal name: IP STRATEGY HOLDINGS, INC.
- Ticker: IPST, CASK (Nasdaq, Nasdaq)
- SEC CIK: 0001788230
- Industry: Beverages (SIC 2080)
- Headquarters: Gig Harbor, WA
- Fiscal year ends: December 31
- SEC filer category: <br>Emerging growth company
- Website: heritagedistilling.com
- Investor relations: https://ir.ipstrategy.co/
- LinkedIn: https://www.linkedin.com/company/cryptocom
- Next earnings date: Nov 16, 2026

## Key facts

- Revenue: $10.1M for the fiscal year ended Dec 31, 2025 (10-K filed Apr 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/0001788230-26-000046-index.html
- Operating income: -$133.9M for the fiscal year ended Dec 31, 2025 (10-K filed Apr 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/0001788230-26-000046-index.html
- Net income: -$137.7M for the fiscal year ended Dec 31, 2025 (10-K filed Apr 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/0001788230-26-000046-index.html
- SG&A: $17.9M for the fiscal year ended Dec 31, 2025 (10-K filed Apr 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/0001788230-26-000046-index.html
- Employees: 21 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Shares outstanding: 995,933 as of Oct 22, 2026 (10-Q filed Oct 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000085/0001788230-26-000085-index.html
- Auditor: Cbiz Cpas P.C., Costa Mesa, California, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm

## Business

We operate a diversified business centered on digital asset–based infrastructure and intellectual property (“IP”) management, supplemented by a legacy craft spirits operating segment.2 million $IP Tokens for our digital asset treasury. The $IP Token is the native utility token of the Story Network, a decentralized layer 1 blockchain that allows network participants to register, license and enforce IP assets.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $10.1M | -$133.9M | -$137.7M | $17.9M |
| Dec 31, 2024 | $8.4M | -$14.9M | $710,458 | $17.0M |
| Dec 31, 2023 | $8.0M | -$11.3M | -$36.8M | $13.4M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/ip-strategy-holdings-inc.json

## Officers and directors

- Justin B. Stiefel, CEO & Treasurer. Source: Form 4 filed Aug 3, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000204420726000015/0002044207-26-000015-index.htm
- Michael Carrosino, EVP of Finance & CFO. Source: Form 4 filed Aug 3, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000126229026000015/0001262290-26-000015-index.htm
- Jennifer D. H. Stiefel, President & Secretary. Source: Form 4 filed Aug 3, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000204435026000015/0002044350-26-000015-index.htm
- Beth A. Marker, SVP of Tribal Partnerships. Source: Form 4 filed Jul 6, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000204442526000011/0002044425-26-000011-index.htm
- Danielle B. Perkins, SVP of Wholesale Operations. Source: Form 4 filed Jul 6, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000204435626000011/0002044356-26-000011-index.htm
- Andrew M. Varga, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Christopher H. Smith, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Eric S. Trevan, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Jeffrey P. Wensel, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Jennifer Stiefel, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Matthew J. Swann, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- Troy Alstead, Director. Source: 10-K filed Apr 14, 2026, https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm

## Recent 8-K events

- Oct 27, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000091/ipst-20261026.htm
- Sep 1, 2026: Item 3.01, Notice of delisting or failure to meet listing standards; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000079/ipst-20260826.htm
- Jun 25, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000071/ipst-20260625.htm
- May 14, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000062/ipst-20260511.htm
- Apr 21, 2026: Item 3.03, Material modification to rights of security holders; Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000053/ipst-20260421.htm
- Apr 16, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000050/ipst-20260410.htm
- Apr 14, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000048/ipst-20260410.htm
- Mar 20, 2026: Item 3.01, Notice of delisting or failure to meet listing standards; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000026/ipst-20260320.htm
- Feb 27, 2026: Item 2.02, Results of operations and financial condition (earnings release). Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000018/ipst-20260227.htm
- Feb 19, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000015/ipst-20260219.htm

## Latest filings

- 8-K filed Oct 27, 2026: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000091/ipst-20261026.htm
- 10-K filed Apr 14, 2026: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000046/ipst-20251231.htm
- 10-Q filed Oct 23, 2026: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000085/ipst-20260630.htm
- DEF 14A filed Apr 29, 2026: https://www.sec.gov/Archives/edgar/data/1788230/000178823026000057/ipst-20260429.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/