Insiders sold $7.9M in the last 30 days, all through pre-planned sales
Institutions cut 1.7% from their holdings in the quarter ending June 2026 (64 bought, 59 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$48.76+0.1% that day
Company value
$1.1B
Share price times all shares
Price vs sales
3.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
13%
Cash as a share of company value
From IBTA's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$88.9M+3.3% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $343.2M, down 6.6% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of IBTA. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$239M
Profit in 5 years$24M
Price these guesses point to$9.55-80% vs $48.76 todayAbout -28% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 29% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.0%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.0%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$75.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+247.1% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.79.2%
Revenue
$342.4M
-6.8% vs prior year
Total debt
None
0.00x equity
Current ratio
1.96x
short-term assets / bills due
Free cash flow
$75.0M
21.9% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 3
Revenue
$88.9M
+3.3% YoY
EPS
-$0.05
vs $0.08
Op. margin
-2.1%
-3.5 pts
Gross margin
78.4%
-0.8 pts
Free cash flow
$12.4M
Share count
-23.5%
vs a year ago
Insider rating
Last 90 days
43Mixed
Pre-planned sales of $7.9M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
74/ 100
This week
10
Normal week
3.6
vs normal
2.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.7%
Institutions cut 1.7% from their holdings. 64 bought, 59 sold. 3 quarters of net selling in a row.
Shares held by institutions14.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+38.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
23M
Why moderate risk
Share count growing 38% a year (dilution)
Earnings reports
Last 10
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 6
Results filedFeb 25
Results filedNov 12, 2025
Results filedAug 13, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.