IPERIONX Ltd
IPX Nasdaq Miscellaneous Metal Ores Financials FY2022–FY2026
What IPERIONX Ltd does
No business description yet.
- Legal name
- IPERIONX Ltd
- Fiscal year ends
- June 30, 2026
- Latest annual report
- 20-F · Sep 29, 2026
- Accession · CIK
- 0001898601-26-000030
0001898601
Revenue and margins
IPERIONX Ltd had — of revenue in fiscal 2026.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$62.7M in fiscal 2026, — of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
IPERIONX Ltd returned — to shareholders in fiscal 2026. The diluted share count rose 13.1%.
Balance sheet
Cash, debt and the ratios that show how comfortably IPERIONX Ltd can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $5.7M | $11.9M | $33.2M | $54.8M | $35.2M |
| Debt incl. finance leases | $0.5M | $1.0M | $1.5M | $3.9M | $4.2M |
| Debt / equity | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 2.8x | 7.7x | 13.6x | 7.0x | 3.2x |
| Quick ratio | 2.8x | 7.7x | 13.6x | 7.0x | 2.9x |
| Total assets | $9.9M | $22.8M | $55.4M | $105M | $106M |
| Total liabilities | $2.5M | $2.2M | $4.1M | $12.6M | $17.5M |
| Shareholders' equity | $7.4M | $20.6M | $51.3M | $92.4M | $88.3M |
| Net debt (− = net cash) | −$5.1M | −$11.0M | −$31.7M | −$50.9M | −$31.1M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✓ | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ | ✕ | ✕ |
| Current ratio rose | — | ✓ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — |
| Revenue rose relative to assets | — | — | — | — | — |
| F-score | — / 3 | 4 / 7 | 4 / 7 | 2 / 7 | 1 / 7 |
| Accruals ratio | −94.7% | −9.7% | −8.3% | −16.9% | −20.7% |
| Altman Z'' | — | — | — | — | — |
5 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Income statement | |||||
| Research and development | $1.1M | $5.6M | $8.7M | $12.7M | $25.2M |
| Interest expense | $0.0M | $0.1M | $0.1M | $0.3M | $0.3M |
| Pretax income | −$21.5M | −$17.4M | −$21.8M | −$35.3M | −$66.8M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | −$21.5M | −$17.4M | −$21.8M | −$35.3M | −$66.8M |
| Net income to common | −$21.5M | −$17.4M | −$21.8M | −$35.3M | −$66.8M |
| Diluted EPS | −$1.60 | −$1.10 | −$1.00 | −$1.20 | −$2.00 |
| Diluted shares | 0.01B | 0.02B | 0.02B | 0.03B | 0.03B |
| Cash flow | |||||
| Cash from operations | −$12.1M | −$15.9M | −$18.6M | −$21.8M | −$45.0M |
| Capital expenditure | $0.9M | $2.1M | $5.0M | $17.0M | $17.8M |
| Free cash flow | −$13.0M | −$17.9M | −$23.6M | −$38.8M | −$62.7M |
| Depreciation and amortization | $0.2M | $0.4M | $0.6M | — | — |
| Stock-based compensation | $8.3M | $2.6M | $3.8M | $9.6M | $9.2M |
| Balance sheet | |||||
| Cash and short-term investments | $5.7M | $11.9M | $33.2M | $54.8M | $35.2M |
| Total debt | $0.5M | $1.0M | $1.5M | $3.9M | $4.2M |
| Current assets | $5.8M | $12.8M | $41.5M | $58.9M | $44.0M |
| Current liabilities | $2.1M | $1.6M | $3.1M | $8.4M | $13.6M |
| Inventory | — | $0.0M | $0.0M | $0.0M | $3.9M |
| Property and equipment, net | $1.4M | $4.0M | $7.8M | $25.2M | $41.2M |
| Intangible assets | — | — | $0.0M | $13.6M | $12.3M |
| Total assets | $9.9M | $22.8M | $55.4M | $105M | $106M |
| Total liabilities | $2.5M | $2.2M | $4.1M | $12.6M | $17.5M |
| Shareholders' equity | $7.4M | $20.6M | $51.3M | $92.4M | $88.3M |
| Returns | |||||
| Return on equity | −290.1% | −124.7% | −60.8% | −49.2% | −73.9% |
| Return on assets | −217.2% | −106.7% | −55.8% | −44.1% | −63.4% |
| Return on tangible equity | −290.1% | −84.8% | −42.5% | −44.8% | −87.8% |
| Growth | |||||
| Share count change | — | 24.8% | 29.6% | 36.3% | 13.1% |
| Financial health | |||||
| Debt / equity | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 2.8x | 7.7x | 13.6x | 7.0x | 3.2x |
| Quick ratio | 2.8x | 7.7x | 13.6x | 7.0x | 2.9x |
| Quality scores | |||||
| Piotroski F-score | — | 4.0 | 4.0 | 2.0 | 1.0 |
| Accruals ratio | −94.7% | −9.7% | −8.3% | −16.9% | −20.7% |
Source: SEC EDGAR XBRL filings (CIK 0001898601). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Per-share figures are per US-listed share (1 ADS = 10 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.