# Ionic Digital Inc. (IOND) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $67.96, market value $3.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ionic Digital Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 21.6×**. Each dollar of revenue is priced at 21.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 5.0×**. The shares trade at 5.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.5%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 37.8%**. Ionic Digital Inc. keeps 37.8% of revenue after the direct cost of what it sells.
- **Operating margin: -44.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -175.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -45.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -19.1%**. Return on all capital, debt included, is -19.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -40.9%**. Each dollar of assets produces -40.9% of profit.

## Growth
- **Revenue growth (1 yr): 22.5%** (3-yr -2.0%/yr). Revenue grew 22.5% over the last year.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Current ratio: 5.00** (quick 5.00). Current assets cover the next year's liabilities 5.00 times.
- **Altman Z-score: 31.41**. A Z-score of 31.41 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Ionic Digital Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Ionic Digital Inc.; the consensus is strong_buy, with an average price target of $92.67 (+36% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -23.9%** (35.9% above the low). Trading 24% below its 52-week high.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 0.80** (volatility 60%). Beta of 0.80 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IOND · Page: https://foliofundamentals.com/stocks/iond

Not investment advice.