IPSI · XBRL financial data
Innovative Payment Solutions financial statements, every fiscal year
The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (IPSI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 1 | 0 | — | — |
| Cost of goods and services sold | — | — | 5 | 4 | — | — |
| Gross profit | — | — | (4) | (3) | — | — |
| General and administrative | 1,742 | 10,285 | 5,541 | 3,576 | 1,883 | 1,017 |
| Total operating expenses | 1,755 | 10,303 | 5,673 | 3,957 | 1,885 | 1,019 |
| Operating income (loss) | (1,755) | (10,303) | (5,677) | (3,960) | (1,885) | (1,019) |
| Interest income | — | — | — | — | 33 | 54 |
| Interest expense | 367 | 222 | 194 | 320 | 604 | 902 |
| Net income (loss) | (5,445) | (14,482) | (10,288) | (5,836) | (4,553) | (4,394) |
| Earnings per share, basic USD per share | — | (0.04) | (0.03) | (0.45) | (0.30) | (0.02) |
| Earnings per share, diluted USD per share | — | (0.04) | (0.03) | (0.45) | (0.30) | (0.02) |
| Weighted average shares, basic thousands of shares | — | 334,344 | 372,200 | 12,845 | 15,078 | 317,105 |
| Weighted average shares, diluted thousands of shares | — | 334,344 | 372,200 | 12,845 | 15,078 | 317,105 |
- † Share count changed about 1/27 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 5x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 10x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (IPSI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 95 | 5,450 | 375 | 50 | 1 | 30 |
| Total current assets | 100 | 5,535 | 472 | 89 | 380 | 71 |
| Property and equipment, net | 38 | 29 | 40 | 7 | 5 | 3 |
| Right-of-use asset | 52 | — | — | — | — | — |
| Total assets | 193 | 6,723 | 2,753 | 805 | 384 | 4,274 |
| Accounts payable | 462 | 465 | 762 | 2,023 | 2,986 | 2,511 |
| Total current liabilities | 4,464 | 2,834 | 6,543 | 8,233 | 10,819 | 11,718 |
| Lease liability, non-current | 8 | — | — | — | — | — |
| Total liabilities | 4,624 | 2,992 | 6,707 | 8,383 | 10,969 | 11,868 |
| Accumulated deficit | (27,630) | (42,112) | (52,400) | (58,236) | (62,789) | (68,998) |
| Total stockholders' equity | (4,431) | 3,696 | (3,956) | (7,578) | (10,585) | (7,594) |
| Total liabilities and equity | 193 | 6,723 | 2,753 | 805 | 384 | 4,274 |
| Common shares outstanding (cover page) thousands of shares | 329,839 | 367,902 | 376,902 | 13,820 | 70,378 | 723,873 |
- † Share count changed about 1/27 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 5x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 10x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (IPSI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | †Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (5,445) | (14,482) | (10,288) | (5,836) | (4,553) | (4,394) |
| Stock-based compensation | — | 6,574 | 1,595 | 378 | 220 | 22 |
| Depreciation and amortization | 13 | 18 | 132 | — | — | — |
| Net cash from operating activities | (1,256) | (2,608) | (3,062) | (1,417) | (648) | (788) |
| Purchases of property and equipment | 50 | 9 | 43 | — | — | — |
| Net cash from investing activities | (50) | (1,169) | (876) | (1,065) | (339) | — |
| Proceeds from issuing common stock | 33 | 4,550 | — | — | — | — |
| Proceeds from long-term debt | 85 | — | — | — | — | — |
| Net cash from financing activities | 1,398 | 9,132 | (1,137) | 2,157 | 937 | 817 |
| Net change in cash | 92 | — | — | — | — | — |
- † Share count changed about 1/27 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 5x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
- † Share count changed about 10x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 5961 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 5961 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Innovative Payment Solutions | 0 | not reported | (123)* | 994.2M | 0.0 quarters | 10-QJun 30, 2026 |
| Hour Loop | 985 | 33,944 | (1,355)* | 35.2M | 0.7 quarters | 10-QJun 30, 2026 |
| Lulu's Fashion Lounge Holdings | 4,123 | 67,807 | 586* | 2.9M | — | 10-QJun 28, 2026 |
| Caro Holdings | 0.6 | 1 | (15) | 60.7M | 0.0 quarters | 10-QJun 30, 2026 |
| Kaival Brands Innovations Group | 0 | 55 | (145)* | 19.5M | 0.0 quarters | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.