Ionic Digital Inc. (IOND)Financial Services | Capital Markets | Washington, United States | NasdaqGS
65.59 USD
-1.74
(-2.584%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 1:44 a.m. EDT
The investment case for Ionic Digital is currently paralyzed by a fundamental disconnect between its pristine balance sheet and its operational reality. On paper, the company holds a fortress-like liquidity position with a current ratio of 24.39 and negligible debt, yet it is hemorrhaging cash with operating flows of -$51 million and negative earnings. This creates a classic value trap scenario where the safety of the balance sheet is being eroded by the inability to generate profit. The stock trades at a premium multiple of 21x sales despite these losses, a valuation that demands a credible turnaround story that is currently absent. While the recent price action shows some resilience, trading above its 50-day moving average, the lack of analyst coverage and the absence of recent news suggest the market is waiting for a catalyst that hasn't materialized. The options market reflects this uncertainty, with heavy positioning for both a crash and a spike, but no clear consensus on a trend. Until the company demonstrates a path to profitability or a massive strategic inflection point, the risk of capital destruction outweighs the speculative upside. |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 0.02 |
| Revenue per Share | 4.367 |
| Market Cap | 2,951,299,072 |
| Forward P/E | 27.91 |
| Profit Margins | -183.75% |
| Website | https://ionicdigital.com |
As of Oct. 10, 2026, 1:44 a.m. EDT: Speculators are positioning for significant volatility rather than a specific directional breakout. Call open interest is heavily skewed out-of-the-money (OTM) at strikes like $90 and $105, suggesting bets on a sharp rally, while put open interest clusters deep in-the-money (ITM) at strikes like $50 and $60, indicating a hedge against a severe crash. This 'long gamma' setup implies the market expects a binary event or high volatility regime, but the lack of volume in the immediate near-term OTM calls suggests caution on a quick pop.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.070429206 |
| Address1 | 650 Massachusetts Avenue NW |
| Address2 | 6th Floor |
| All Time High | 89.36 |
| All Time Low | 50.0 |
| Ask | 70.65 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 318,290 |
| Average Daily Volume3 Month | 764,769 |
| Average Volume | 764,769 |
| Average Volume10Days | 318,290 |
| Bid | 65.95 |
| Bid Size | 1 |
| Book Value | 13.661 |
| City | Washington |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 65.59 |
| Current Ratio | 24.39 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 66.255 |
| Day Low | 60.475 |
| Debt To Equity | 0.02 |
| Display Name | Ionic Digital |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,822,400 |
| Earnings Call Timestamp Start | 1,793,822,400 |
| Earnings Timestamp | 1,793,822,400 |
| Earnings Timestamp End | 1,793,822,400 |
| Earnings Timestamp Start | 1,793,822,400 |
| Ebitda | 45,661,000 |
| Ebitda Margins | 0.27976 |
| Enterprise To Ebitda | 63.211 |
| Enterprise To Revenue | 17.684 |
| Enterprise Value | 2,886,284,032 |
| Eps Current Year | 0.695 |
| Eps Forward | 2.35 |
| Eps Trailing Twelve Months | -5.96 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 75.0196 |
| Fifty Day Average Change | -9.429604 |
| Fifty Day Average Change Percent | -0.1256952 |
| Fifty Two Week Change Percent | 7.0429206 |
| Fifty Two Week High | 89.36 |
| Fifty Two Week High Change | -23.770004 |
| Fifty Two Week High Change Percent | -0.26600274 |
| Fifty Two Week Low | 50.0 |
| Fifty Two Week Low Change | 15.589996 |
| Fifty Two Week Low Change Percent | 0.3117999 |
| Fifty Two Week Range | 50.0 - 89.36 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,785,245,400,000 |
| Float Shares | 36,364,559 |
| Forward Eps | 2.35 |
| Forward P E | 27.910639 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 15 |
| Fullday Change | -1.7400055 |
| Fullday Change Percent | -2.5862148 |
| Fullday Price | 65.59 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.69447 |
| Gross Profits | 113,346,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.022 |
| Held Percent Institutions | 0.058520004 |
| Implied Shares Outstanding | 44,996,175 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Ipo Expected Date | 2,026-07-28 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Ionic Digital Inc. operates as a digital infrastructure solutions and cryptocurrency mining company. It leases digital infrastructure assets to hyperscalers, enterprise customers, and other businesses for high-performance computing and artificial intelligence cloud infrastructure. Ionic Digital Inc. was incorporated in 2024 and is based in Washington, District Of Columbia. |
| Long Name | Ionic Digital Inc. |
| Market | us_market |
| Market Cap | 2,951,299,072 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1869696763 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -299,895,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,892,169,137 |
| Number Of Analyst Opinions | 2 |
| Open | 65.94 |
| Operating Cashflow | -51,205,000 |
| Operating Margins | 0.42788 |
| Payout Ratio | 0.0 |
| Phone | 754 273 6593 |
| Previous Close | 67.33 |
| Price Eps Current Year | 94.3741 |
| Price Hint | 2 |
| Price To Book | 4.8012586 |
| Price To Sales Trailing12 Months | 18.082611 |
| Profit Margins | -1.83746 |
| Quick Ratio | 17.64 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -1.74001 |
| Regular Market Change Percent | -2.58429 |
| Regular Market Day High | 66.255 |
| Regular Market Day Low | 60.475 |
| Regular Market Day Range | 60.475 - 66.255 |
| Regular Market Open | 65.94 |
| Regular Market Previous Close | 67.33 |
| Regular Market Price | 65.59 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 804,741 |
| Revenue Growth | 0.308 |
| Revenue Per Share | 4.367 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 44,996,175 |
| Shares Percent Shares Out | 0.0374 |
| Shares Short | 1,682,848 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 279,684 |
| Short Name | Ionic Digital Inc. |
| Short Ratio | 2.22 |
| Source Interval | 15 |
| State | DC |
| Symbol | IOND |
| Target High Price | 85.0 |
| Target Low Price | 85.0 |
| Target Mean Price | 85.0 |
| Target Median Price | 85.0 |
| Total Cash | 415,737,984 |
| Total Cash Per Share | 9.239 |
| Total Debt | 176,000 |
| Total Revenue | 163,212,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -5.96 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 74.148575 |
| Two Hundred Day Average Change | -8.5585785 |
| Two Hundred Day Average Change Percent | -0.11542472 |
| Type Disp | Equity |
| Volume | 804,741 |
| Website | https://ionicdigital.com |
| Zip | 20,001 |