Heritage Distilling Holding Company (IPST)
NASDAQ:IPST
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Heritage Distilling Holding Company
(NASDAQ:IPST)
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Rating:42Neutral
Price Target:
$5.50
▲(1310.26% Upside)
Action:Reiterated
Date:05/21/26
The score is held down primarily by very weak financial quality—large losses and persistent negative operating/free cash flow—despite improved gross margin and modest revenue growth. Technicals also remain unfavorable with the stock below major moving averages and negative MACD. Corporate events are mixed (recent Nasdaq compliance regained but preceded by delisting risk and reverse splits), while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Improved gross margin & revenue growth
A meaningful gross-margin improvement alongside modest TTM revenue growth indicates better product economics and mix. Higher gross margins are durable levers that can shrink operating losses as volume scales or SG&A is controlled, improving long-term cash absorption risk over months.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow drains reserves and forces reliance on external financing or asset sales. Ongoing cash burn limits the company's ability to invest in growth or marketing, raising durable funding risk and making recovery dependent on structural margin or revenue shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved gross margin & revenue growth
A meaningful gross-margin improvement alongside modest TTM revenue growth indicates better product economics and mix. Higher gross margins are durable levers that can shrink operating losses as volume scales or SG&A is controlled, improving long-term cash absorption risk over months.
Read all positive factors
Heritage Distilling Holding Company (IPST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)3.35M
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth37.89%
EPS Growth-120.25%
CountryUS
Employees83
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)N/A
Shares Outstanding686,080
10 Day Avg. Volume448,407
30 Day Avg. Volume3,349,743
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.74
Price to Sales (P/S)26.58
P/FCF Ratio-17.46
Enterprise Value/Market Cap10.00T>
Enterprise Value/Revenue0.65
Enterprise Value/Gross Profit1.15
Enterprise Value/Ebitda0.04
Forecast
1Y Price Target
$8.20Price Target Upside2002.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Heritage Distilling Holding Company Business Overview & Revenue Model
Company Description
IP Strategy Holdings, Inc. provides public market investors with broad exposure to the programmable intellectual property economy in a regulated equity format. Its treasury reserve of digital tokens enables direct participation in the Story ecosys...
How the Company Makes Money
Heritage Distilling makes money primarily by selling its spirits products. Its revenue model generally includes: (1) Wholesale sales: selling branded spirits into the three-tier alcohol system (to distributors and/or retailers), generating revenue...
Heritage Distilling Holding Company Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
43
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.74M | 10.12M | 8.40M | 7.97M | 8.31M | 8.29M |
| Gross Profit | 6.04M | 4.66M | 2.13M | 2.15M | 2.21M | 2.24M |
| EBITDA | 171.75M | -10.86M | 5.05M | -32.34M | -7.76M | -3.30M |
| Net Income | -201.43M | -137.72M | 710.46K | -36.80M | -12.27M | -7.22M |
Balance Sheet | ||||||
| Total Assets | 38.95M | 108.76M | 28.00M | 26.27M | 27.96M | 24.90M |
| Cash, Cash Equivalents and Short-Term Investments | 92.70K | 245.28K | 453.16K | 76.88K | 223.03K | 205.28K |
| Total Debt | 4.62M | 4.74M | 17.18M | 56.38M | 26.66M | 14.27M |
| Total Liabilities | 1.56M | 10.54M | 27.21M | 69.69M | 34.59M | 19.69M |
| Stockholders Equity | 32.41M | 98.22M | 791.77K | -43.42M | -6.63M | 5.21M |
Cash Flow | ||||||
| Free Cash Flow | -15.83M | -15.40M | -11.32M | -8.51M | -9.94M | -8.88M |
| Operating Cash Flow | -15.75M | -15.33M | -11.22M | -8.48M | -9.30M | -7.69M |
| Investing Cash Flow | -14.27M | -16.52M | -101.33K | -24.11K | -614.38K | -1.19M |
| Financing Cash Flow | 30.02M | 31.64M | 11.69M | 8.36M | 9.93M | 8.88M |
Heritage Distilling Holding Company Technical Analysis
Negative
0.39
Price Trends
7.05
Negative
14.62
Negative
109.02
Negative
Market Momentum
-0.34
Negative
43.98
Neutral
15.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPST, the sentiment is Negative. The current price of 0.39 is below the 20-day moving average (MA) of 5.96, below the 50-day MA of 7.05, and below the 200-day MA of 109.02, indicating a bearish trend. The MACD of -0.34 indicates Negative momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 15.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPST.
Heritage Distilling Holding Company Risk Analysis
Heritage Distilling Holding Company disclosed 123 risk factors in its most recent earnings report. Heritage Distilling Holding Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Heritage Distilling Holding Company Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $2.15B | 9.05 | 7.53% | 2.53% | 0.23% | -28.74% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | $1.91B | ― | -7.30% | ― | -4.69% | -204.08% | |
42 Neutral | ― | >-0.01 | ― | ― | 37.89% | -120.25% | |
40 Underperform | $2.10M | ― | ― | ― | -83.63% | 65.38% |
* Consumer Defensive Sector Average
IPST
Heritage Distilling Holding Company
4.43
-211.61
-97.95%
SAM
Boston Beer
190.10
-41.96
-18.08%
CCU
Compania Cervecerias Unidas SA
11.53
-2.10
-15.41%
SBEV
Splash Beverage Group
0.18
-3.80
-95.40%
YHC
LQR House
0.85
-0.47
-35.53%
IBG
Innovation Beverage Group Ltd.
0.82
-15.44
-94.95%
Heritage Distilling Holding Company Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Heritage Distilling Regains Nasdaq Compliance After Reverse Split
Positive
May 14, 2026
On March 20, 2026, IP Strategy Holdings, Inc. was notified by Nasdaq that its common stock had fallen below the $1.00 minimum bid price requirement for 30 consecutive business days, putting its listing at risk. Effective April 23, 2026, the compan...
Regulatory Filings and ComplianceShareholder MeetingsStock Split
Heritage Distilling Announces 1-for-20 Reverse Stock Split
Neutral
Apr 21, 2026
On April 21, 2026, IP Strategy Holdings, Inc. announced that it had filed a certificate of amendment in Delaware to implement a 1-for-20 reverse stock split of its common stock, with the split becoming effective at 12:01 a.m. Eastern Time on April...
Business Operations and StrategyExecutive/Board Changes
Heritage Distilling Appoints Brian Jun to Board, Committees
Positive
Apr 16, 2026
On April 10, 2026, IP Strategy director Troy Alstead notified the company he would resign from the board and its committees, effective with the filing of the firm’s 2025 Form 10‑K on April 14, 2026, citing increased responsibilities at...
Regulatory Filings and ComplianceShareholder MeetingsStock Split
Heritage Distilling Holders Approve Flexible Reverse Stock Split
Neutral
Apr 14, 2026
On April 10, 2026, IP Strategy Holdings, Inc. held a special meeting of stockholders at which 4,912,975 shares, representing approximately 47.77% of outstanding common stock as of the March 19, 2026 record date, were present or represented by prox...
Delistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Heritage Distilling Faces Nasdaq Delisting, Plans Reverse Split
Negative
Mar 20, 2026
On March 20, 2026, IP Strategy Holdings, Inc. disclosed that it received a Nasdaq notice stating its common stock had failed to meet the $1.00 minimum bid price for 30 consecutive business days and that, due to a 1-for-20 reverse stock split compl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.