Friday 6 November 2026
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Ionic Digital Inc.
IOND Financial Capital Markets
Ionic Digital Inc.’s revenue for fiscal 2025 (year ended December 2025) was $141.4 million.
55.04
5.51
−9.10%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | 141 | 178 | — | 193 | 213 | 287 | +26.7% | |
| Gross margin, % | — | — | — | — | — | — | — | — | — | 100.00 | 68.15 | — | ||||||
| EBT | — | — | — | — | — | — | — | — | — | 141 | (32) | — | ||||||
| EBT margin, % | — | — | — | — | — | — | — | — | — | 100.00 | (18.00) | — | ||||||
| Net income | — | — | — | — | — | — | — | — | — | — | (44) | — | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | — | 3.78 | 4.77 | — | |||||
| Earnings | — | — | — | — | — | — | — | — | — | (6.63) | (1.19) | — | ||||||
| Cash flow | — | — | — | — | — | — | — | — | — | 0.00 | (2.60) | — | ||||||
| Capex | — | — | — | — | — | — | — | — | — | 0.00 | (0.25) | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | — | 0.00 | (2.85) | — | ||||||
| Book value | — | — | — | — | — | — | — | — | — | 0.00 | 23.04 | — | ||||||
| Shares, m | — | — | — | — | — | — | — | — | — | 37 | 37 | — | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | 13.18 | 11.53 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | 4.60 | 4.03 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | 10.85 | 10.83 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | (18.17) | (18.14) | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | — | — | (97) | — | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | (9) | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | — | — | (106) | — | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | — | — | 616 | — | |||||
| Net debt | — | — | — | — | — | — | — | — | — | — | (416) | — | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | — | — | 861 | — | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | |||||
| ROIC | — | — | — | — | — | — | — | — | — | 0.00 | (3.52) | — | ||||||
| ROE | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | 15 | — | — | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | — | 9.43 | — | — | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
Ionic Digital Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PJT PJT Partners Inc. | $3.9B | 18.7× | 35.4× | −13.86% (below 0%: shrinking) | +35.37% (above 0%: growing) | +26.53% (above 0%: growing) | 32.91% | 17.86% | Compare |
| LAZ Lazard, Inc. | $3.8B | 22.0× | 22.9× | +8.84% (above 0%: growing) | −61.97% (below 0%: shrinking) | +9.21% (above 0%: growing) | 100.00% | 6.72% | Compare |
| MIAX Miami International Holdings, Inc. | $3.5B | 10.7× | 12.0× | +10.71% (above 0%: growing) | n/m | −62.61% (below 0%: shrinking) | 34.83% | 12.55% | Compare |
| LCLN Lincoln International Inc. | $2.7B | — | — | — | — | — | 100.00% | (7.04%) | Compare |
| IOND Ionic Digital Inc. | $2.5B | — (loss-making) | — | — | n/m | — | 93.28% | (16.93%) | |
| PURR Hyperliquid Strategies Inc | $2.4B | — (loss-making) | — (loss-making) | +6,940.21% (above 0%: growing) | n/m | −6,672.51% (below 0%: shrinking) | 100.00% | 7,380.58% | Compare |
| MARA Marathon Digital Holdings, Inc. | $2.3B | — (loss-making) | — (loss-making) | −26.67% (below 0%: shrinking) | n/m | +85.60% (above 0%: growing) | 17.19% | (297.96%) | Compare |
| ETOR eToro Group Ltd. | $1.8B | 7.4× | 10.1× | −23.93% (below 0%: shrinking) | +71.05% (above 0%: growing) | −32.39% (below 0%: shrinking) | 15.03% | 4.80% | Compare |
| CLSK Cleanspark, Inc. | $1.5B | — (loss-making) | — (loss-making) | −30.53% (below 0%: shrinking) | n/m | +202.37% (above 0%: growing) | 38.06% | (168.40%) | Compare |
| Median of peers | $2.6B | 14.7× | 17.5× | −13.86% | +35.37% | +9.21% | 36.45% | 5.76% |