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Heritage Distilling Holding Company
(NASDAQ:IPST)
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Rating:42Neutral
Price Target:
$2.00
▲(412.82% Upside)
Action:Reiterated
Date:06/26/26
The score is held down primarily by weak financial performance—very large losses, negative cash flow, and pressured equity—despite improved gross margins. Technicals are also bearish, with price below key moving averages and negative MACD. Corporate events slightly help by reducing delisting risk, while valuation signals are constrained by a negative P/E and no dividend support.
Positive Factors
Improving gross margins & revenue
A material gross-margin improvement (about 56% TTM) alongside modest revenue growth suggests better product economics and pricing or mix benefits. Durable margin expansion strengthens unit profitability, enabling the business to better absorb fixed distillation costs and improve path to sustainable profitability if scale continues.
Negative Factors
Deep, persistent net losses
Extremely large net losses dominate the income statement and erode retained equity, limiting retained earnings available for reinvestment. Persistent negative profitability undermines returns on invested capital and requires either rapid margin improvement or outsized growth to achieve sustainable enterprise economics over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margins & revenue
A material gross-margin improvement (about 56% TTM) alongside modest revenue growth suggests better product economics and pricing or mix benefits. Durable margin expansion strengthens unit profitability, enabling the business to better absorb fixed distillation costs and improve path to sustainable profitability if scale continues.
Read all positive factors
Heritage Distilling Holding Company (IPST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.52M
Dividend YieldN/A
Average Volume (3M)3.35M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth37.89%
EPS Growth-120.25%
CountryUS
Employees21
SectorFinancial
Sector Strength70
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)N/A
Shares Outstanding721,578
10 Day Avg. Volume448,407
30 Day Avg. Volume3,349,743
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.14
Price to Sales (P/S)1.33
P/FCF Ratio-0.87
Enterprise Value/Market Cap4.27
Enterprise Value/Revenue0.61
Enterprise Value/Gross Profit1.04
Enterprise Value/Ebitda-0.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Heritage Distilling Holding Company Business Overview & Revenue Model
Company Description
IP Strategy Holdings, Inc. (IPST) offers public investors a streamlined entry into the expanding programmable intellectual property landscape via a regulated equity framework. The company utilizes a treasury of digital tokens, allowing for direct ...
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 | 6.26M | 4.66M | 2.13M | 2.15M | 2.21M | 2.24M |
| EBITDA | -199.06M | -134.59M | 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 | 42.77M | 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 | 10.36M | 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
2.82
Negative
4.68
Negative
45.53
Negative
Market Momentum
-0.24
Negative
31.74
Neutral
59.55
Neutral
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 2.31, below the 50-day MA of 2.82, and below the 200-day MA of 45.53, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 31.74 is Neutral, neither overbought nor oversold. The STOCH value of 59.55 is Neutral, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $2.22B | 19.90 | 7.53% | 2.49% | 0.56% | -28.00% | |
56 Neutral | $1.92B | -26.66 | -8.89% | ― | -6.06% | -195.51% | |
43 Neutral | $2.72M | >-0.01 | 592.71% | ― | -83.63% | 65.38% | |
42 Neutral | $1.52M | >-0.01 | ― | ― | 37.89% | -120.25% |
* Financial Sector Average
IPST
Heritage Distilling Holding Company
1.91
-198.09
-99.05%
SAM
Boston Beer
180.99
-32.88
-15.37%
CCU
Compania Cervecerias Unidas SA
12.12
0.08
0.68%
SBEV
Splash Beverage Group
0.41
-6.03
-93.60%
YHC
LQR House
1.77
-91.86
-98.11%
IBG
Innovation Beverage Group Ltd.
0.95
-15.47
-94.20%
Heritage Distilling Holding Company Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Heritage Distilling Shareholders Approve Directors and Equity Plan
Positive
Jun 25, 2026
On June 25, 2026, Heritage Distilling Holding Company held its 2026 Annual Meeting, at which stockholders representing about 48% of outstanding common shares constituted a quorum. Shareholders elected three Class II directors, Matthew J. Swann, Je...
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...
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.