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Heritage Distilling Holding Company
(NASDAQ:IPST)
Heritage Distilling Holding Company (IPST) vs. SPDR S&P 500 ETF (SPY)
Heritage Distilling Holding Company Business Overview & Revenue Model
Heritage Distilling Holding Company Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.50M | 8.40M | 7.97M | 8.31M | 8.29M |
| Gross Profit | 2.45M | 2.13M | 2.15M | 2.21M | 2.24M |
| EBITDA | 234.48M | 5.05M | -32.34M | -7.76M | -3.30M |
| Net Income | 181.22M | 710.46K | -36.80M | -12.27M | -7.22M |
Balance Sheet | |||||
| Total Assets | 482.78M | 28.00M | 26.27M | 27.96M | 24.90M |
| Cash, Cash Equivalents and Short-Term Investments | 1.67M | 453.16K | 76.88K | 223.03K | 205.28K |
| Total Debt | 6.01M | 17.18M | 56.38M | 26.66M | 14.27M |
| Total Liabilities | 62.35M | 27.21M | 69.69M | 34.59M | 19.69M |
| Stockholders Equity | 420.43M | 791.77K | -43.42M | -6.63M | 5.21M |
Cash Flow | |||||
| Free Cash Flow | -12.96M | -11.32M | -8.51M | -9.94M | -8.88M |
| Operating Cash Flow | -12.81M | -11.22M | -8.48M | -9.30M | -7.69M |
| Investing Cash Flow | -21.02M | -101.33K | -24.11K | -614.38K | -1.19M |
| Financing Cash Flow | 35.47M | 11.69M | 8.36M | 9.93M | 8.88M |
Heritage Distilling Holding Company Technical Analysis
Heritage Distilling Holding Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.38B | 16.71 | 9.07% | 2.46% | 16.59% | 1.72% | |
68 Neutral | $2.15B | 23.74 | 9.58% | ― | -1.13% | 24.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ― | -0.14 | ― | ― | 9.54% | -112.67% | |
40 Underperform | $2.86M | -0.06 | ― | ― | -83.63% | 65.38% |
Heritage Distilling Holding Company Corporate Events
On December 4, 2025, IP Strategy announced the initiation of long-term self-staking for its $IP Tokens under custodial accounts at Crypto.com, aiming to significantly increase yields. This transition is expected to enhance the company’s validator operations by increasing yields to approximately 11.72% and potentially boosting validator earnings by 150% without substantial additional costs. The move marks a strategic shift to optimize its digital asset treasury and improve its high-margin revenue model, following recent developments including the launch of its in-house validator and a partnership with Crypto.com.
On December 2, 2025, IP Strategy released its monthly validator performance metrics for November 2025, highlighting near-perfect uptime and significant earnings from staking $IP tokens. The company has staked 42.5 million $IP tokens, generating substantial validator rewards and commission income from third-party delegations. This dual revenue model is expected to strengthen IP Strategy’s financial position and support its growth in the Story ecosystem. The Story ecosystem is experiencing rapid adoption, with significant developments such as Poseidon’s growth in AI data networks and EDUM’s migration to Story’s blockchain, enhancing the ecosystem’s strategic relevance.
On November 24, 2025, IP Strategy announced the availability of materials from its inaugural Investor Day 2025, including a webcast replay, investor presentation, and transcript on its website. The virtual event highlighted the company’s growth strategy and its alignment with the Story network’s programmable intellectual property ecosystem, emphasizing the convergence of AI, blockchain, and intellectual property into a new investable asset class. This announcement underscores IP Strategy’s strategic positioning in the digital asset space and its commitment to leveraging emerging technologies to create new market opportunities.
On November 20, 2025, IP Strategy announced it regained compliance with Nasdaq’s minimum bid price requirement, following a notice from Nasdaq confirming the closing bid price of its common stock was at or above $1.00 per share for ten consecutive business days from November 5 to November 18, 2025. This compliance marks a recovery from a prior deficiency noted by Nasdaq in April 2025, reinforcing the company’s standing in the market and providing reassurance to stakeholders regarding its adherence to Nasdaq’s listing standards.
On October 30, 2025, Heritage Distilling Holding Company, Inc., doing business as IP Strategy, announced a 1-for-20 reverse stock split of its common stock, effective November 5, 2025. This move is part of the company’s strategy to comply with Nasdaq’s listing requirements and enhance the marketability and liquidity of its stock. The reverse stock split will consolidate every 20 shares into one, without affecting the number of authorized shares or altering stockholder rights, except for adjustments related to fractional shares. The company’s stockholders approved this action on September 18, 2025, and it is expected to improve the company’s compliance with Nasdaq’s minimum bid price requirement.
Heritage Distilling Holding Company, Inc. is facing a compliance issue with the Nasdaq Stock Market as its common stock has not met the minimum bid price requirement of $1.00 per share for thirty consecutive business days as of April 14, 2025. The company has been granted an additional 180-day period until April 13, 2026, to regain compliance, potentially through a reverse stock split. If compliance is not achieved by this deadline, the company risks delisting, although it may appeal this decision.
On October 1, 2025, Heritage Distilling Holding Company entered into 18-month employment agreements with key executives, including CEO Justin Stiefel, President Jennifer Stiefel, and CFO Michael Carrosino. The agreements include base salaries and substantial restricted stock unit grants as incentives, reflecting the company’s strategic efforts to retain leadership following significant financial milestones, such as a recent private placement and successful public offerings. These arrangements are designed to ensure continued leadership stability and align executive interests with company performance, potentially impacting the company’s operational focus and market positioning.
On October 2, 2025, IP Strategy announced the launch of its validator business on the Story Network, marking a strategic shift towards generating recurring revenue from its $IP token holdings. This business, which began operations in September 2025, has already achieved $1.5 million in staking rewards within two weeks and is expected to be highly profitable with potential annual revenues of approximately $28.5 million. The validator business not only enhances IP Strategy’s financial position but also positions it as a central player in the programmable IP economy, offering scalable revenue streams and attracting third-party staking participants.
On September 18, 2025, Heritage Distilling Holding Company held a special meeting where stockholders approved an amendment to increase the number of authorized shares of capital stock by 500,000,000, resulting in a total of 995,000,000 shares. This amendment was filed with the Secretary of State of Delaware on September 26, 2025, and became effective immediately. The approval reflects a significant move in the company’s strategic planning, potentially impacting its market operations and shareholder value.