IPX - IperionX Limited
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$46.50
DETAILS
HIGH:
$53.00
LOW:
$40.00
MEDIAN:
$46.50
CONSENSUS:
$46.50
UPSIDE:
79.88%
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 0 |
| Cost of Revenue | 2.0 | 0.7 | 1.5 | 0.4 | 0.3 | 0.3 | 0.1 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 | 0.0 | 0 | 0 |
| Gross Profit | (2.0) | (0.7) | (1.5) | (0.4) | (0.3) | (0.3) | (0.1) | 0 | 0 | (0.0) | 0 | 0.0 | 0 | 0.0 | (0.0) | 0 | 0 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 10.8 | 12.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 23.9 | 26.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Expenses | 0 | 0 | 0 | 12.1 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 34.7 | 39.3 | 0.0 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Income | |||||||||||||||||
| Operating Income | (36.7) | (18.7) | (20.5) | (0.0) | (10.2) | (0.0) | (0.0) | (0.0) | (0.0) | (8.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Interest Expense | 1.4 | 0.0 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.2 | (6.6) | 8.8 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Profitability | |||||||||||||||||
| EBITDA | (34.7) | (37.8) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (8.8) | (0.0) | (0.0) | (0.0) | 0 | 0 | 0 | 0 |
| EBIT | (36.7) | (39.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (8.8) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Income Before Tax | (34.8) | (19.1) | (0.0) | (0.0) | (10.6) | (0.0) | (0.0) | (0.0) | (0.0) | (13.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 |
| Net Income | (34.8) | (35.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (13.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | -10.40 | -0.00 | -0.06 | -0.05 | -5.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.75 | -0.00 | – | – | – | – | – | – |
| EPS (Diluted) | -10.40 | -0.00 | -0.06 | -0.05 | -5.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.75 | -0.00 | – | – | – | – | – | – |
| Shares Outstanding | 3.4 | 29.5 | 27.1 | 22.6 | 21.0 | 19.0 | 14.6 | 13.7 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||
| Cash & Cash Equivalents | 65.8 | 54.8 | 77.1 | 33.2 | 17.3 | 11.9 | 11.4 | 5.7 | 14.3 | 1.7 | 1.9 | 1.1 | 1.4 | 1.7 | 2.3 | 2.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 |
| Net Receivables | 1.2 | 0.8 | 1.0 | 2.3 | 2.7 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Inventory | 0.4 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 69.6 | 58.9 | 78.8 | 41.5 | 23.6 | 12.8 | 11.8 | 5.8 | 14.3 | 1.7 | 2.0 | 1.2 | 1.4 | 1.8 | 2.3 | 2.8 |
| Non-Current Assets | ||||||||||||||||
| Property, Plant & Equipment | 35.9 | 25.2 | 15.9 | 7.8 | 4.6 | 4.0 | 3.4 | 1.4 | 0.7 | 0.5 | 7.5 | 0.0 | 0.0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 12.9 | 13.6 | 14.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.7 | 7.4 | 6.5 | 6.1 | 5.9 | 6.1 | 2.8 | 2.4 | 0.9 | 0.5 | 7.5 | 0.8 | 0.8 | 0.8 | 0.5 | 0.4 |
| Total Non-Current Assets | 59.6 | 46.2 | 37.1 | 13.9 | 10.5 | 10.0 | 6.2 | 4.1 | 1.9 | 1.0 | 7.5 | 0.9 | 0.8 | 0.8 | 0.5 | 0.4 |
| Total Assets | 129.2 | 105.0 | 115.8 | 55.4 | 34.0 | 22.8 | 18.0 | 9.9 | 16.2 | 2.8 | 9.5 | 2.0 | 2.3 | 2.5 | 2.8 | 3.2 |
| Current Liabilities | ||||||||||||||||
| Account Payables | 5.2 | 6.0 | 1.5 | 1.3 | 1.1 | 0.7 | 0.4 | 1.7 | 0.6 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Short-Term Debt | 1.1 | 0.5 | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.1 | 0.1 | 0.1 | 0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 8.0 | 2.0 | 3.3 | 0.1 | 1.1 | 0.5 | 0.4 | 0.2 | 0 | 0.3 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Total Current Liabilities | 17.3 | 8.4 | 6.7 | 3.1 | 2.6 | 1.6 | 1.8 | 2.1 | 0.6 | 0.6 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.2 |
| Non-Current Liabilities | ||||||||||||||||
| Long-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.3 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 3.7 | 4.2 | 3.6 | 1.0 | 1.2 | 0.6 | 0.8 | 0.4 | 0.5 | 0.4 | 0 | 0 | 0.0 | 0 | 0 | 0 |
| Total Liabilities | 21.0 | 12.6 | 10.3 | 4.1 | 3.9 | 2.2 | 2.6 | 2.5 | 1.1 | 1.0 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.2 |
| Stockholders' Equity | ||||||||||||||||
| Common Stock | 243.3 | 198.0 | 194.8 | 113.0 | 78.9 | 58.8 | 44.9 | 29.8 | 29.7 | 10.3 | 10.0 | 3.2 | 3.2 | 3.2 | 3.2 | 3.3 |
| Retained Earnings | (144.0) | (109.2) | (90.1) | (73.9) | (62.7) | (52.2) | (43.5) | (34.8) | (23.8) | (13.2) | (4.0) | (2.0) | (1.8) | (1.5) | (1.3) | (1.0) |
| Accumulated Other Comprehensive Income | 8.9 | 3.7 | 0.9 | 12.3 | 14.0 | 14.0 | 14.0 | 12.4 | 9.2 | 4.7 | 3.2 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 |
| Total Stockholders' Equity | 108.2 | 92.4 | 105.5 | 51.3 | 30.2 | 20.6 | 15.4 | 7.4 | 15.1 | 1.8 | 9.3 | 2.0 | 2.2 | 2.5 | 2.7 | 3.0 |
| Total Liabilities & Equity | 129.2 | 105.0 | 115.8 | 55.4 | 34.0 | 22.8 | 18.0 | 9.9 | 16.2 | 2.8 | 9.5 | 2.0 | 2.3 | 2.5 | 2.8 | 3.2 |
| Debt Metrics | ||||||||||||||||
| Total Debt | 4.5 | 3.9 | 4.2 | 1.5 | 1.7 | 1.0 | 1.2 | 0.5 | 0.6 | 0.5 | 0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Net Debt | (61.4) | (50.9) | (72.9) | (31.7) | (15.6) | (11.0) | (10.3) | (5.1) | (13.7) | (1.2) | (1.9) | (1.1) | (1.4) | (1.7) | (2.3) | (2.7) |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||
| Net Income | (34.8) | (35.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (5.5) | (5.3) | (13.2) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Depreciation & Amortization | 2.0 | 2.3 | 0.0 | 0.0 | 0.3 | 0.0 | 0.1 | 0.1 | 0 | 0.0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 9.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.8 | 2.4 | 4.1 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0 |
| Change in Working Capital | 0 | 1.1 | 0 | (0.0) | 0 | (0.0) | 0 | 0.6 | 0 | 0.4 | 0 | (0.0) | 0 | 0.0 | 0 | 0 | 0 |
| Other Non-Cash Items | 24.0 | 12.3 | (11.7) | (4.7) | (3.8) | (0.0) | (0.0) | (0.1) | (0.1) | 5.1 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 |
| Operating Cash Flow | (8.9) | (10.1) | (11.7) | (0.0) | (3.8) | (0.0) | (0.0) | (3.1) | (3.0) | (3.6) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Investing Activities | |||||||||||||||||
| Capital Expenditure | (5.3) | (17.6) | (0.0) | (1.1) | (1.0) | (0.4) | (0.5) | (1.2) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.3) | 4.3 | (11.0) | (2.6) | (2.0) | (1.6) | (0.3) | 0 | (0.1) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (5.6) | (13.4) | (11.0) | (2.6) | (3.0) | (1.9) | (0.8) | (1.2) | (0.4) | 1.8 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Financing Activities | |||||||||||||||||
| Net Debt Issuance | (0.5) | (0.5) | (0.0) | (0.0) | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.1) | 68.6 | (68.2) | (0.1) | 0.1 | 0.1 | 14.3 | 0.0 | 9.6 | (0.1) | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0 | 0 |
| Financing Cash Flow | 0.9 | 0.1 | 68.2 | 28.3 | 0.1 | 0.1 | 14.3 | 0.0 | 9.6 | 3.5 | 0.0 | (0.0) | (0.0) | 0 | 0.0 | 0 | 0 |
| Cash Position | |||||||||||||||||
| Net Change in Cash | (13.4) | (22.3) | 44.0 | 21.1 | (6.8) | (6.2) | 9.2 | (4.3) | 6.3 | 1.7 | 0.0 | (0.0) | (0.0) | (0.0) | 0.0 | 0 | 0 |
| Cash at Beginning | 79.2 | 33.2 | 33.2 | 17.3 | 11.9 | 11.4 | 5.7 | 14.3 | 1.9 | (0.0) | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Cash at End | 65.8 | 54.8 | 77.1 | 33.2 | 5.1 | 5.3 | 14.9 | 10.0 | 6.3 | 1.7 | 0.0 | 0 | (0.0) | (0.0) | 0.0 | 0 | 0 |
| Free Cash Flow | (14.2) | (39.4) | (0.0) | (1.1) | (4.8) | (0.4) | (0.5) | (4.3) | (3.2) | (3.6) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Key Metrics | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 0 |
| Gross Profit | (2.0) | (0.7) | (1.5) | (0.4) | (0.3) | (0.3) | (0.1) | 0 | 0 | (0.0) | 0 | 0.0 | 0 | 0.0 | (0.0) | 0 | 0 |
| Operating Income | (36.7) | (18.7) | (20.5) | (0.0) | (10.2) | (0.0) | (0.0) | (0.0) | (0.0) | (8.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Net Income | (34.8) | (35.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (13.3) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| EPS (Diluted) | -10.40 | -0.00 | -0.06 | -0.05 | -5.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.75 | -0.00 | – | – | – | – | – | – |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 65.8 | 54.8 | 77.1 | 33.2 | 17.3 | 11.9 | 11.4 | 5.7 | 14.3 | 1.7 | 1.9 | 1.1 | 1.4 | 1.7 | 2.3 | 2.7 | |
| Total Assets | 129.2 | 105.0 | 115.8 | 55.4 | 34.0 | 22.8 | 18.0 | 9.9 | 16.2 | 2.8 | 9.5 | 2.0 | 2.3 | 2.5 | 2.8 | 3.2 | |
| Total Debt | 4.5 | 3.9 | 4.2 | 1.5 | 1.7 | 1.0 | 1.2 | 0.5 | 0.6 | 0.5 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | |
| Stockholders' Equity | 108.2 | 92.4 | 105.5 | 51.3 | 30.2 | 20.6 | 15.4 | 7.4 | 15.1 | 1.8 | 9.3 | 2.0 | 2.2 | 2.5 | 2.7 | 3.0 | |
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | (8.9) | (10.1) | (11.7) | (0.0) | (3.8) | (0.0) | (0.0) | (3.1) | (3.0) | (3.6) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Capital Expenditure | (5.3) | (17.6) | (0.0) | (1.1) | (1.0) | (0.4) | (0.5) | (1.2) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |
| Free Cash Flow | (14.2) | (39.4) | (0.0) | (1.1) | (4.8) | (0.4) | (0.5) | (4.3) | (3.2) | (3.6) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 |