IPSC: the cash flow

MyFinsight

For the quarter ending 2026-03-31, IPSC had -$11,254K decrease in cash & cash equivalents over the period. -$25,846K in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income (loss)	-21,645	-19,171	-34,428	44,019
Depreciation	3,004	3,550	3,129	6,422
Non-cash operating lease expense (benefit)	412	427	517	968
Stock based compensation	1,445	1,300	892	4,648
Impairment	-	0	6,763	-
Accretion of investments	211	349	507	1,501
Change in fair value of contingent liabilities	1,818	4,919	-240	-145
Gain on reduction in lease liability due to lease termination	-	0	1,395	-
Deferred tax (benefit) expense	-	-73	-	-
Prepaid expenses and other assets	62	-1,321	-585	-436
Operating lease liability	-786	-1,399	-1,232	-2,347
Deferred revenue	-	0	0	-109,164
Accounts payable	-1,625	2,157	-591	-4
Accrued expenses and other liabilities	-3,956	1,079	443	-5,837
Security deposit	-20	-	-	-
Net cash used in operating activities	-25,262	-16,077	-25,584	-62,215
Acquisition of property and equipment	584	-139	195	792
Acquisition of fixed maturity securities, available for sale	140,691	15,599	11,023	24,552
Sale of fixed maturity securities, available for sale	28,660	37,821	35,889	85,813
Net cash provided (used in) by investing activities	-112,615	22,361	24,671	60,469
Proceeds from issuance of common stock and espp	202	53	0	120
Proceeds from pipe, net of issuance costs	126,421	-	-	-
Net cash provided by financing activities	126,623	53	0	120
Net decrease in cash, cash equivalents, and restricted cash	-11,254	6,337	-913	-1,626
Cash, cash equivalents and restricted cash, beginning of period	65,011	58,674	61,213	-
Cash, cash equivalents and restricted cash, end of period	53,757	65,011	58,674	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.