IperionX Limited (IPX) Balance Sheet
IPX balance sheet, FY2026
June 30, 2026 · U.S. dollars$105.8M assets = $17.5M liabilities + $88.3M equity
Both columns are drawn to the same scale: what IPX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IPX financial health
Descriptive bands, not a rating. Fiscal FY2026.
IPX balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13,806FY2017 | $105.8MFY2026 | +1,871.2%/yr | |
| Total liabilities | $85,209FY2017 | $17.5MFY2026 | +489.5%/yr | |
| Shareholders’ equity | −$71,402FY2017 | $88.3MFY2026 | — | |
| Cash & short-term investments | $33.2MFY2024 | $35.2MFY2026 | +3.1%/yr | |
| Total debt | $50,837FY2017 | $4.2MFY2026 | +334.1%/yr | |
| Net cash (debt) | −$50,837FY2017 | $31.1MFY2026 | +$31.1M | |
| Working capital | −$82,908FY2017 | $30.4MFY2026 | +$30.5M | |
| Book value per share | −$0.00FY2017 | $3.14FY2025 | — | |
| Current ratio | 0.03FY2017 | 3.24FY2026 | +3.21 | |
| Debt / equity | 0.03FY2024 | 0.05FY2026 | +0.02 | |
| Shares outstanding | 23.8MFY2017 | 29.5MFY2025 | +11.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IPX assets
IPX liabilities and equity
IPX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IPX balance sheet
| FY2026 | FY2025 | FY2024 | FY2017 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $35.2M | $54.8M | $33.2M | — |
| Cash & equivalents | $35.2M | $54.8M | $33.2M | — |
| Receivables | $3.3M | $823,268 | $2.3M | $2,301 |
| Inventory | $3.9M | $0 | $16,920 | $0 |
| Other current assets | $1.5M | $3.2M | $6.1M | $0 |
| Total current assets | $44.0M | $58.9M | $41.5M | $2,301 |
| Property, plant & equipment (net) | $41.2M | $25.2M | $7.8M | $0 |
| Goodwill & intangible assets | $12.3M | $13.6M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.3M | $7.4M | $6.1M | $11,505 |
| Total assets | $105.8M | $105.0M | $55.4M | $13,806 |
| Liabilities | ||||
| Accounts payable | $8.7M | $6.0M | $1.3M | — |
| Short-term debt | $628,933 | $472,018 | $439,382 | $50,837 |
| Deferred revenue | $1.8M | — | $698,707 | — |
| Total current liabilities | $13.6M | $8.4M | $3.1M | $85,209 |
| Long-term debt | $0 | $0 | $18,520 | $0 |
| Lease obligations | — | — | $1.5M | — |
| Other long-term liabilities | $3.9M | $4.2M | $1.0M | $0 |
| Total liabilities | $17.5M | $12.6M | $4.1M | $85,209 |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $251.0M | $198.0M | $113.0M | $2,301 |
| Retained earnings (deficit) | −$176.0M | −$109.2M | −$73.9M | −$73,703 |
| Accumulated other comprehensive income | $13.3M | $3.7M | $12.3M | — |
| Total shareholders' equity | $88.3M | $92.4M | $51.3M | −$71,402 |
| Key figures | ||||
| Total debt | $4.2M | $3.9M | $1.5M | $50,837 |
| Net cash (debt) | $31.1M | $50.9M | $31.7M | −$50,837 |
| Working capital | $30.4M | $50.4M | $38.5M | −$82,908 |
| Tangible book value | $76.0M | $78.9M | $51.3M | −$71,402 |
| Book value per share | — | $3.14 | $2.36 | −$0.00 |
| Shares outstanding | — | 29.5M | 21.8M | 23.8M |
| Current ratio | 3.24 | 6.99 | 13.62 | 0.03 |
| Quick ratio | 2.84 | 6.60 | 11.62 | 0.03 |
| Debt / equity | 0.05 | 0.04 | 0.03 | — |
| Equity / assets | 83.5% | 88.0% | 92.6% | −517.2% |
| Jun '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $35.2M | $65.8M | $54.8M | $54.8M | $54.8M | $77.1M | $77.1M | $33.2M | $33.2M | $17.3M | $17.3M |
| Cash & equivalents | $35.2M | $65.8M | $54.8M | $54.8M | $54.8M | $77.1M | $77.1M | $33.2M | $33.2M | $17.3M | $17.3M |
| Receivables | $3.3M | $1.2M | $823,268 | $823,268 | $823,268 | $977,286 | $2.3M | $2.3M | $571,735 | $2.7M | $0 |
| Inventory | $3.9M | $425,712 | $0 | $0 | $0 | $0 | $16,920 | $16,920 | $16,920 | $3.5M | $0 |
| Other current assets | $1.5M | $2.2M | $3.2M | $3.2M | $3.2M | $674,324 | $0 | $6.1M | $7.8M | $6,233 | $6.2M |
| Total current assets | $44.0M | $69.6M | $58.9M | $58.9M | $58.9M | $78.8M | $78.8M | $41.5M | $41.5M | $23.6M | $23.6M |
| Property, plant & equipment (net) | $41.2M | $35.9M | $25.2M | $25.2M | $31.7M | $15.9M | $22.5M | $7.8M | $13.9M | $4.6M | $10.5M |
| Goodwill & intangible assets | $12.3M | $12.9M | $13.6M | $13.6M | $13.6M | $14.1M | $14.1M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $445,036 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.3M | $10.7M | $7.4M | $7.4M | $896,756 | $6.5M | $444,704 | $6.1M | $0 | $5.9M | $0 |
| Total assets | $105.8M | $129.2M | $105.0M | $105.0M | $105.0M | $115.8M | $115.8M | $55.4M | $55.4M | $34.0M | $34.0M |
| Liabilities | |||||||||||
| Accounts payable | $8.7M | $5.2M | $6.0M | $6.0M | $7.5M | $1.5M | $1.5M | $1.3M | $1.3M | $1.1M | $1.1M |
| Short-term debt | $628,933 | $1.1M | $472,018 | $472,018 | $472,018 | $570,621 | $577,169 | $439,382 | $445,755 | $440,482 | $440,482 |
| Deferred revenue | $1.8M | — | — | — | — | — | $0 | $698,707 | $698,707 | — | — |
| Total current liabilities | $13.6M | $17.3M | $8.4M | $8.4M | $8.4M | $6.7M | $6.7M | $3.1M | $3.1M | $2.6M | $2.6M |
| Long-term debt | $0 | $9,388 | $0 | $0 | $0 | $15,739 | $0 | $18,520 | $0 | $21,766 | $0 |
| Lease obligations | — | $3.7M | — | — | — | $4.2M | — | $1.5M | — | $1.7M | — |
| Other long-term liabilities | $3.9M | $3.7M | $4.2M | $4.2M | $4.2M | $3.6M | $3.6M | $1.0M | $1.0M | $1.2M | $1.2M |
| Total liabilities | $17.5M | $21.0M | $12.6M | $12.6M | $12.6M | $10.3M | $10.3M | $4.1M | $4.1M | $3.9M | $3.9M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $251.0M | $243.3M | $198.0M | $198.0M | $198.0M | $194.8M | $194.8M | $113.0M | $113.0M | $78.9M | $78.9M |
| Retained earnings (deficit) | −$176.0M | −$144.0M | −$109.2M | −$109.2M | −$109.2M | −$90.1M | −$90.1M | −$73.9M | −$73.9M | −$62.7M | −$62.7M |
| Accumulated other comprehensive income | $13.3M | $8.9M | $3.7M | $3.7M | $3.7M | $869,889 | $869,889 | $12.3M | $12.3M | $14.0M | $14.0M |
| Total shareholders' equity | $88.3M | $108.2M | $92.4M | $92.4M | $92.4M | $105.5M | $105.5M | $51.3M | $51.3M | $30.2M | $30.2M |
| Key figures | |||||||||||
| Total debt | $4.2M | $4.5M | $3.9M | $3.9M | $3.9M | $4.2M | $4.2M | $1.5M | $1.5M | $1.7M | $1.2M |
| Net cash (debt) | $31.1M | $61.4M | $50.9M | $50.9M | $50.9M | $72.9M | $72.9M | $31.7M | $31.7M | $15.6M | $16.1M |
| Working capital | $30.4M | $52.3M | $50.4M | $50.4M | $50.4M | $72.1M | $72.1M | $38.5M | $38.5M | $20.9M | $20.9M |
| Tangible book value | $76.0M | $95.3M | $78.9M | $78.9M | $78.9M | $91.4M | $91.4M | $51.3M | $51.3M | $30.2M | $30.2M |
| Book value per share | — | — | $3.14 | $3.14 | — | $3.90 | $3.90 | $2.27 | $2.40 | $1.44 | $1.44 |
| Shares outstanding | — | — | 29.5M | 29.5M | — | 27.1M | 27.1M | 22.6M | 21.4M | 21.0M | 21.0M |
| Current ratio | 3.24 | 4.03 | 6.99 | 6.99 | 6.99 | 11.80 | 11.80 | 13.62 | 13.62 | 8.97 | 8.97 |
| Quick ratio | 2.84 | 3.88 | 6.60 | 6.60 | 6.60 | 11.70 | 11.90 | 11.62 | 11.05 | 7.63 | 6.60 |
| Debt / equity | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.06 | 0.04 |
| Equity / assets | 83.5% | 83.8% | 88.0% | 88.0% | 88.0% | 91.1% | 91.1% | 92.6% | 92.6% | 88.6% | 88.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 29, 2026); data from EODHD.
IPX financial position
At the end of fiscal 2026 (June 30, 2026), IperionX had total assets of $105.8 million (up 0.7% from a year earlier), total liabilities of $17.5 million and shareholders' equity of $88.3 million. It held $35.2 million in cash and short-term investments against $4.2 million of debt, a net cash position of $31.1 million. Its current ratio was 3.24.
Related: IPX income statement, IPX cash flow statement, IPX key metrics. See the IPX stock overview for the latest quote and news.
IPX balance sheet FAQ
What are IperionX's total assets?
IperionX reported total assets of $105.8 million at the end of fiscal 2026 (June 30, 2026), compared with $105.0 million a year earlier.
How much debt does IperionX have?
IperionX had $4.2 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.05.
How much cash does IperionX have?
IperionX held $35.2 million in cash and short-term investments at the end of fiscal 2026; with $4.2 million of debt that is net cash of $31.1 million.
What is IperionX's book value?
IperionX's shareholders' equity (book value) was $88.3 million at the end of fiscal 2026.
What is IperionX's current ratio?
IperionX had current assets of $44.0 million and current liabilities of $13.6 million, a current ratio of 3.24 (it can cover its short-term obligations).
How much goodwill does IperionX have?
IperionX carried $12.3 million of goodwill and intangible assets, 11.6% of total assets, at the end of fiscal 2026.