IOND Stock Analysis: Ionic Digital Common Stock | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 3.754m USD | 12M Return: 26.3% | US4622101057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 45.7M
Rev. Trend: -14.2%
Warnings
No concerns identified
Tailwinds
Seasonality 0.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ionic Digital Inc. (NASDAQ: IOND) operates as a digital infrastructure company serving the needs of AI and high-performance computing (HPC) workloads. The company focuses on providing ready assets and due diligence for clients, with an emphasis on performance, scalability, and speed to market.
Despite its technology-focused operations, the company is classified under the Financial Services sector and Capital Markets industry. It was incorporated in 2024 and is headquartered in Coral Gables, Florida, making it a relatively new public market entrant.
IOND is a mid-cap stock with a market capitalization of $2,635M USD, having completed its IPO on July 28, 2026.
- AI compute demand lifts HPC capacity utilization rates
- Power costs and grid availability squeeze data center margins
- Hyperscaler lease contracts anchor recurring AI revenue base
| Net Income: -44.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.12 > 0.02 and ΔFCF/TA 1.86 > 1.0 |
| NWC/Revenue: 345.5% < 20% (prev 235.0%; Δ 110.5% < -1%) |
| CFO/TA -0.11 > 3% & CFO -97.2m > Net Income -44.4m |
| Net Debt (-415.6m) to EBITDA (67.3m): -6.18 < 3 |
| Current Ratio: 24.39 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (37.4m) vs prev -16.80% < -2% |
| Gross Margin: 65.40% > 18% (prev 35.60%; Δ 29.80% > 0.5%) |
| Asset Turnover: 20.50% > 50% (prev 14.11%; Δ 6.38% > 0%) |
| Interest Coverage Ratio: 0.09 > 6 (EBIT TTM 23.4m / Interest Expense TTM 250.5m) |
| A: 0.67 (Total Current Assets 642.6m - Total Current Liabilities 26.3m) / Total Assets 922.5m |
| B: -0.28 (Retained Earnings -255.9m / Total Assets 922.5m) |
| C: 0.03 (EBIT TTM 23.4m / Avg Total Assets 870.2m) |
| D: 8.31 (Book Value of Equity 510.6m / Total Liabilities 61.4m) |
| Altman-Z'' = 12.39 = AAA |
| DSRI: 3.0 (Receivables 49.0m/2.85m, Revenue 178.4m/115.4m) |
| GMI: 0.54 (GM 35.60% / 65.40%) |
| AQI: 0.77 (AQ_t 0.23 / AQ_t-1 0.30) |
| SGI: 1.54 (Revenue 178.4m / 115.4m) |
| TATA: 0.06 (NI -44.4m - CFO -97.2m) / TA 922.5m) |
| Beneish M = -1.53 (Cap -4..+1) = CCC |
As of September 22, 2026, the stock is trading at USD 85.89 with a total of 1,190,374 shares traded. Over the past week, the price has changed by +7.55%, over one month by +24.97%, over three months by +26.31% and over the past year by +26.31%.
Current recommended Stop Loss: 80.30 (which is 6.5% or 1.1 ATR below the current price).
Ionic Digital Common Stock has no consensus analysts rating.
P/S = 23.001
P/B = 7.196
Revenue TTM = 178.4m USD
EBIT TTM = 23.4m USD
EBITDA TTM = 67.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 138k USD (from shortLongTermDebtTotal, last quarter) (leases 138k already included)
Net Debt = -415.6m USD (calculated: Debt 138k - CCE 415.7m)
Enterprise Value = 3.34b USD (3.75b + Debt 138k - CCE 415.7m)
Interest Coverage Ratio = 0.09 (Ebit TTM 23.4m / Interest Expense TTM 250.5m)
EV/FCF = -31.16x (Enterprise Value 3.34b / FCF TTM -107.1m)
FCF Yield = -3.21% (FCF TTM -107.1m / Enterprise Value 3.34b)
FCF Margin = -60.07% (FCF TTM -107.1m / Revenue TTM 178.4m)
Net Margin = -24.90% (Net Income TTM -44.4m / Revenue TTM 178.4m)
Gross Margin = 65.40% ((Revenue TTM 178.4m - Cost of Revenue TTM 61.7m) / Revenue TTM)
Gross Margin QoQ = 83.20% (prev 88.20%)
Tobins Q-Ratio = 3.62 (Enterprise Value 3.34b / Total Assets 922.5m)
Interest Expense / Debt = 181k% (Interest Expense 250.5m / Debt 138k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 18.5m (EBIT 23.4m * (1 - 21.00%))
Current Ratio = 24.39 (Total Current Assets 642.6m / Total Current Liabilities 26.3m)
Debt / Equity = 0.00 (Debt 138k / totalStockholderEquity, last quarter 510.6m)
Debt / EBITDA = -6.18 (Net Debt -415.6m / EBITDA 67.3m)
Debt / FCF = 3.88 (negative FCF - burning cash) (Net Debt -415.6m / FCF TTM -107.1m)
Total Stockholder Equity = 543.4m (last fiscal year from totalStockholderEquity)
RoA = -5.10% (Net Income -44.4m / Total Assets 922.5m)
RoE = -8.17% (Net Income TTM -44.4m / Total Stockholder Equity 543.4m)
RoCE = 2.61% (EBIT 23.4m / Capital Employed (Total Assets 922.5m - Current Liab 26.3m))
RoIC = 2.08% (NOPAT 18.5m / Invested Capital 887.3m)
WACC = 0.0% (E(3.75b)/V(3.75b) * Re(0.0%) + (debt cost/tax rate unavailable))
Discount Rate = 5.29% (= Risk Free + ERP)
[DCF] Fair Price = unknown (Cash Flow -107.1m)
Revenue Correlation: -14.19 | Revenue CAGR: -1.81% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.61 | Chg30d=N/A | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.69 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=2.35 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+238.1% | GrowthRev=+17.3%
[Analyst] Revisions Ratio: +0% (up=0, down=0)