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Heritage Distilling Holding Company
(NASDAQ:IPST)
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Rating:41Neutral
Price Target:
$3.00
▼(-61.44% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance—very large losses and ongoing negative operating/free cash flow—despite improved gross margin and modest revenue growth. Technical signals are mixed-to-weak with price below key moving averages and subdued momentum, while valuation offers limited support due to negative earnings. A Nasdaq filing noncompliance event adds incremental risk.
Positive Factors
Revenue Growth
Continued TTM revenue growth indicates the company is expanding sales despite its weak profitability profile. If maintained, a growing revenue base can improve operating leverage, support broader distribution, and provide a foundation for restoring earnings over the next several quarters.
Negative Factors
Severe Losses
Extremely large net losses and the sharp swing from a small 2024 profit to losses indicate that earnings quality remains weak and highly volatile. Without a durable path to profitability, revenue growth and better gross margins may not translate into sustainable shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Continued TTM revenue growth indicates the company is expanding sales despite its weak profitability profile. If maintained, a growing revenue base can improve operating leverage, support broader distribution, and provide a foundation for restoring earnings over the next several quarters.
Read all positive factors
Heritage Distilling Holding Company (IPST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.13M
Dividend YieldN/A
Average Volume (3M)550.03K
Price to Earnings (P/E)―
Beta (1Y)0.44
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. Volume558,249
30 Day Avg. Volume550,026
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 Cap3.06
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 manufacturing and selling spirits under its owned brands. Its revenue model is generally driven by (1) sales of bottled spirits to distributors/retailers and on-premise accounts (wholesale), where reven...
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
7.78
Price Trends
3.97
Negative
3.83
Negative
11.18
Negative
Market Momentum
-0.35
Negative
45.51
Neutral
23.96
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 7.78 is above the 20-day moving average (MA) of 3.23, above the 50-day MA of 3.97, and below the 200-day MA of 11.18, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 45.51 is Neutral, neither overbought nor oversold. The STOCH value of 23.96 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)
IPST
Heritage Distilling Holding Company
3.08
-328.52
-99.07%
SAM
Boston Beer
167.50
-49.81
-22.92%
CCU
Compania Cervecerias Unidas SA
10.59
-0.92
-7.97%
YHC
LQR House
1.28
-82.14
-98.47%
IBG
Innovation Beverage Group Ltd.
0.85
-16.30
-95.04%
Heritage Distilling Holding Company Corporate Events
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Heritage Distilling Receives Nasdaq Noncompliance Listing Notice
Negative
Sep 1, 2026
IP Strategy Holdings, Inc., a Nasdaq-listed vehicle for exposure to DATA tokens and the AI-native data economy, operates validator infrastructure for the DATA Network and uses its token treasury to participate in ecosystems that verify and commerc...
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.