IOND · Ionic Digital Inc.
Market Cap
$2.80B
Shares
45.00M
Volume · Oct 23
287.43K
Avg daily vol (3M)
736.63K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$62.28
Open$63.67
Day$61.64–65.13
Available close range$58.65–86.64
Avg vol 30d623K
Short int1.7M · 3.7% float · 1.7d
Short vol64%
Last earningsNov 4, 2026
DataJul 2026–Oct 2026
Filing10-Q · Sep 1
The closing range uses available history since Jul 28, 2026; less than a full year is stored.
Up next
Next earnings call
Nov 4, 2026
Scheduled
· in 1 wks
filed Sep 1, 2026
call held Aug 19, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
+30.8%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$415.74M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.0%
Year over year
Price change (1Y)
—
Trailing year
Short interest
3.7%
Latest settlement · 1.7 days to cover
Quarterly results
AI Brief
Q2 FY26 earnings call · Aug 19, 2026
Q2 FY26
TL;DR. Ionic Digital completed its direct listing and began cash rent on its Ward County N-Scale lease while reaffirming full-year 2026 guidance, but faces regulatory risk as ERCOT's batch zero review could delay the 466 MW expansion and its Q2 GAAP result was a net loss driven by a non-cash Bitcoin fair value mark and tax provision.
Bullish
- + Cash rent commenced in August under the N-Scale lease with a fully ramped run rate of ~$183M by end of 2028.
- + Revenue mix shifted to 90% digital infrastructure leasing with adjusted gross margin of 93% and Adjusted EBITDA of $37.6M vs $3.8M prior year.
- + Company is debt-free with over $415M cash plus $168.7M in Bitcoin and reaffirmed 2026 outlook.
- + N-Scale lease amended to 323 MW and $2.6B of contracted revenue with NVIDIA guaranteeing initial rent and Microsoft option on additional power.
Bearish
- − Q2 GAAP net loss of $35.3M driven by $28.2M non-cash Bitcoin fair value loss and $27.2M tax provision.
- − Reported Q2 digital infrastructure revenue of $43.8M is entirely straight-line non-cash; cash conversion is still ramping.
- − G&A was elevated at $19.5M, including $9M of non-cash stock-based comp and ~$2.9M of one-time direct listing/private placement costs.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Limited
Sentiment
Neutral
Fundamentals
Limited
Quant / Vol
Very High
Market backdrop
VIX 19.5 · elevated
Equity put/call 0.67
Technical
price trend
50 / 200-day cross
No cross
Price vs 50-day avg
−17%
below
RSI (14)
29
oversold
MACD trend
Negative
52-week position
13%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
Not enough data for a confident read.
Sentiment
smart money
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Flat
No 13F holder data
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.74% of float · ▲ +114.6% MoM · 1.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
No 13F holder history
Squeeze score
62
elevated · 0–100
Fundamentals
Not enough data for a confident read.
Quant / Vol
risk profile
Volatility
60%
annualized · 1-yr
Max drawdown
−28%
past year
ATR
6.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 19, 2026
August
Cash rent
$3.3M
fourth quarter
Cash rent
$23M
full year 2026
Cash rent
$29M
Total revenue
$190M – $195M
Adjusted EBITDA
Non-GAAP
$137.5M – $142.5M
Capital expenditures
$45M – $60M
end of 2028
Cash rent run rate
$183M
full year 2027
Cash rent
$135M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 50-day avg
−17%
Bearish
RSI (14)
29
Neutral
MACD trend
Negative
Bearish
52-week position
13%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 1 of 6
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Flat
No 13F holder data
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.74% of float · ▲ +114.6% MoM · 1.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
No 13F holder history
Price context
position in its available closing range
Range low $59
Now $62 · 13%
Range high $87
vs 50-day avg -17%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Reportable segments' total adjusted gross profit non-GAAP | $45.38M | three months ended June 30, 2026 filing | +203.8% |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Gross profit (loss) 40.48M
+4.9M Depreciation
= Adjusted gross profit 45.38M
|
|||
| Adjusted EBITDA non-GAAP | $37.6M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net income (loss) -35.31M
-179K Interest income
+27.25M Provision for income taxes
+4.9M Depreciation
+5K Amortization
+8.99M Stock-based compensation expense
+28.2M Loss (gain) on fair value of cryptocurrency
+0K Realized gain on sale of cryptocurrency assets
+847K Realized loss (gain) on the sale of property and equipment
+1.45M Direct listing and fee expenses
+1.43M Private placement issuance costs
+0K Loss on litigation settlement
= Adjusted EBITDA 37.59M
|
|||
| Capital Expenditures | $5.8M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IOND
this stock
Ionic Digital Inc.
|
$2.80B | — | — | — | 3.7% |
|
MS
Morgan Stanley
|
$281.90B | +1.1% | +5.5% | 14.5 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$254.97B | -0.4% | +8.9% | 13.5 | 2.3% |
|
SCHW
Schwab Charles Corp
|
$156.64B | -9.3% | +22.0% | 16.5 | 1.1% |
|
HOOD
Robinhood Markets, Inc.
|
$85.48B | -15.9% | +51.6% | 42.1 | 4.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionShort & Settlement
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IOND | -0.8% | -24.0% | — | -22.5% | — |
| SPY | -0.4% | -1.5% | +5.8% | -0.4% | +11.5% |
| vs SPY | -0.4% | -22.6% | — | -22.1% | — |
Key facts
CIK
2007691
CUSIP
462210105
13F (30d)
10 filings
10 filers
Visit website
Investor relations