# Ionic Digital Inc. (IOND) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Consumer Finance. Price $76.17, market value $3.4 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: 24.2×**. Each dollar of revenue is priced at 24.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 5.6×**. The shares trade at 5.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -3.1%**. 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; low single digits are normal for banks and insurers.

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

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $281 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

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

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover Ionic Digital Inc.; the consensus is strong_buy, with an average price target of $85.00 (+12% 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: -1.4%** (52.3% above the low). Trading within 5% of its 52-week high.
- **RSI (14-day): 69**. An RSI of 69 is neutral.

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

Not investment advice.