Ibex Ltd Financials
This page shows Ibex Ltd (IBEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
IBEX’s recent story is margin-led profit expansion paired with aggressive buybacks that reshape per-share results.
From FY2024 to FY2025, EPS climbed from$1.84 to$2.36 even though net income rose much less sharply. The hidden driver was share-count shrinkage: large repurchases made each remaining share claim more of the earnings stream, which also helps explain why cash fell despite stronger operating cash flow and almost no debt.
Between FY2023 and FY2025, gross margin widened from
FY2025 return on equity reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Ibex Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ibex Ltd has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is up from 7.8% the prior year.
Ibex Ltd's revenue grew 9.8% year-over-year to $558.3M, a solid pace of expansion. This earns a growth score of 39/100.
Ibex Ltd carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Ibex Ltd's current ratio of 1.82 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
Ibex Ltd has a free cash flow margin of 4.9%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ibex Ltd earns a strong 27.5% return on equity (ROE), meaning it generates $27 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 20.3% the prior year.
Ibex Ltd scores 4.88, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ibex Ltd passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ibex Ltd generates $1.24 in operating cash flow ($45.7M OCF vs $36.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Ibex Ltd earns $28.5 in operating income for every $1 of interest expense ($46.6M vs $1.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Ibex Ltd generated $558.3M in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.
Ibex Ltd's EBITDA was $63.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.4% from the prior year.
Ibex Ltd reported $36.9M in net income in fiscal year 2025. This represents an increase of 9.5% from the prior year.
Ibex Ltd earned $2.36 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.3% from the prior year.
Cash & Balance Sheet
Ibex Ltd generated $27.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 0.9% from the prior year.
Ibex Ltd held $15.3M in cash against $796K in long-term debt as of fiscal year 2025.
Ibex Ltd had 13M shares outstanding in fiscal year 2025. This represents a decrease of 21.5% from the prior year.
Margins & Returns
Ibex Ltd's gross margin was 30.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Ibex Ltd's operating margin was 8.3% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Ibex Ltd's net profit margin was 6.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.
Ibex Ltd's ROE was 27.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.2 percentage points from the prior year.
Capital Allocation
Ibex Ltd spent $78.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 261.9% from the prior year.
Ibex Ltd invested $18.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 107.5% from the prior year.
IBEX Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $164.4M+0.1% | $164.2M+8.6% | $151.2M+2.7% | $147.1M+4.5% | $140.7M0.0% | $140.7M+8.5% | $129.7M+4.2% | $124.5M |
| Cost of Revenue | $115.6M-0.9% | $116.6M+9.4% | $106.6M+5.7% | $100.9M+5.1% | $96.0M-2.8% | $98.8M+9.7% | $90.0M+5.5% | $85.4M |
| Gross Profit | $48.8M+2.5% | $47.6M+6.7% | $44.6M-3.6% | $46.3M+3.5% | $44.7M+6.7% | $41.9M+5.7% | $39.7M+1.3% | $39.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $27.5M-0.3% | $27.6M+3.9% | $26.5M-10.9% | $29.8M+10.0% | $27.1M+5.3% | $25.7M-1.9% | $26.2M+20.9% | $21.7M |
| Operating Income | $16.2M+5.7% | $15.3M+11.6% | $13.7M+11.7% | $12.3M-8.0% | $13.3M+11.7% | $11.9M+31.2% | $9.1M-29.3% | $12.9M |
| Interest Expense | $249K+0.4% | $248K+14.3% | $217K-51.6% | $448K+10.9% | $404K-34.8% | $620K+282.7% | $162K-7.4% | $175K |
| Income Tax | $2.6M-8.2% | $2.9M+96.0% | $1.5M-34.6% | $2.2M-9.7% | $2.5M+5.8% | $2.4M+18.6% | $2.0M-41.6% | $3.4M |
| Net Income | $13.3M+9.1% | $12.2M+1.5% | $12.0M+25.5% | $9.6M-8.3% | $10.5M+13.0% | $9.3M+23.1% | $7.5M-23.5% | $9.8M |
| EPS (Diluted) | $0.89+7.2% | $0.83+1.2% | $0.82 | N/A | $0.73+28.1% | $0.57+32.6% | $0.43 | N/A |
IBEX Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $297.2M+0.5% | $295.8M+4.2% | $283.9M+3.9% | $273.2M-0.6% | $274.7M+0.8% | $272.5M-11.0% | $306.3M+4.2% | $293.9M |
| Current Assets | $165.4M+4.4% | $158.5M+3.8% | $152.8M+4.9% | $145.6M-2.0% | $148.7M-6.5% | $159.0M-15.7% | $188.5M+4.8% | $180.0M |
| Cash & Equivalents | $15.4M-0.3% | $15.5M-31.9% | $22.7M+47.8% | $15.3M+18.3% | $13.0M-35.8% | $20.2M-67.6% | $62.3M-0.7% | $62.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $129.2M-1.0% | $130.5M+12.5% | $116.0M-0.9% | $117.1M-2.4% | $120.0M-0.5% | $120.6M+13.7% | $106.0M+7.8% | $98.4M |
| Goodwill | $11.8M0.0% | $11.8M0.0% | $11.8M0.0% | $11.8M0.0% | $11.8M0.0% | $11.8M0.0% | $11.8M0.0% | $11.8M |
| Total Liabilities | $136.5M-3.4% | $141.3M+0.7% | $140.2M+1.0% | $138.9M-7.7% | $150.6M-8.0% | $163.6M+21.0% | $135.2M+5.5% | $128.1M |
| Current Liabilities | $84.8M-2.0% | $86.5M+3.0% | $84.0M+5.1% | $79.9M-10.2% | $89.0M-19.6% | $110.6M+42.3% | $77.8M+9.5% | $71.0M |
| Long-Term Debt | $572K-3.7% | $594K-18.2% | $726K-8.8% | $796K+8.3% | $735K+5.8% | $695K-13.3% | $802K-7.5% | $867K |
| Total Equity | $160.8M+4.1% | $154.5M+7.6% | $143.6M+6.9% | $134.3M+8.2% | $124.2M+14.0% | $108.9M-36.3% | $171.1M+3.2% | $165.8M |
| Retained Earnings | $63.3M+26.7% | $50.0M+32.3% | $37.8M+46.8% | $25.7M+59.4% | $16.1M+184.4% | $5.7M+258.0% | -$3.6M+67.7% | -$11.1M |
IBEX Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.9M+78.6% | $6.6M-57.6% | $15.7M-43.9% | $27.9M+216.5% | $8.8M+673.7% | $1.1M-85.3% | $7.8M-55.4% | $17.4M |
| Capital Expenditures | $5.3M-55.1% | $11.7M+53.6% | $7.6M+48.1% | $5.2M-2.1% | $5.3M+21.9% | $4.3M+19.0% | $3.6M+63.5% | $2.2M |
| Free Cash Flow | $6.6M+229.5% | -$5.1M-163.4% | $8.0M-64.7% | $22.8M+539.7% | $3.6M+212.1% | -$3.2M-176.9% | $4.1M-72.8% | $15.2M |
| Investing Cash Flow | -$5.3M+55.1% | -$11.7M-53.6% | -$7.6M-48.1% | -$5.2M+2.1% | -$5.3M-21.9% | -$4.3M-19.0% | -$3.6M-63.5% | -$2.2M |
| Financing Cash Flow | -$6.7M-210.0% | -$2.1M-232.0% | -$647K+96.8% | -$20.2M-85.2% | -$10.9M+71.9% | -$38.9M-746.4% | -$4.6M-45.9% | -$3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.6M+64.4% | $2.8M+0.7% | $2.8M+73.7% | $1.6M-93.6% | $25.1M-46.2% | $46.6M+868.6% | $4.8M+60.0% | $3.0M |
IBEX Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.7%+0.7pp | 29.0%-0.5pp | 29.5%-1.9pp | 31.4%-0.3pp | 31.8%+2.0pp | 29.8%-0.8pp | 30.6%-0.9pp | 31.4% |
| Operating Margin | 9.8%+0.5pp | 9.3%+0.3pp | 9.1%+0.7pp | 8.3%-1.1pp | 9.5%+1.0pp | 8.5%+1.5pp | 7.0%-3.3pp | 10.3% |
| Net Margin | 8.1%+0.7pp | 7.4%-0.5pp | 8.0%+1.4pp | 6.5%-0.9pp | 7.4%+0.8pp | 6.6%+0.8pp | 5.8%-2.1pp | 7.9% |
| Return on Equity | 8.3%+0.4pp | 7.9%-0.5pp | 8.4%+1.2pp | 7.1%-1.3pp | 8.4%-0.1pp | 8.5%+4.1pp | 4.4%-1.5pp | 5.9% |
| Return on Assets | 4.5%+0.3pp | 4.1%-0.1pp | 4.2%+0.7pp | 3.5%-0.3pp | 3.8%+0.4pp | 3.4%+0.9pp | 2.5%-0.9pp | 3.4% |
| Current Ratio | 1.95+0.1 | 1.83+0.0 | 1.820.0 | 1.82+0.2 | 1.67+0.2 | 1.44-1.0 | 2.42-0.1 | 2.53 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.010.0 | 0.010.0 | 0.010.0 | 0.010.0 | 0.000.0 | 0.01 |
| FCF Margin | 4.0%+7.1pp | -3.1%-8.4pp | 5.3%-10.2pp | 15.5%+13.0pp | 2.5%+4.8pp | -2.3%-5.4pp | 3.2%-9.0pp | 12.2% |
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Frequently Asked Questions
What is Ibex Ltd's annual revenue?
Ibex Ltd (IBEX) reported $558.3M in total revenue for fiscal year 2025. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ibex Ltd's revenue growing?
Ibex Ltd (IBEX) revenue grew by 9.8% year-over-year, from $508.6M to $558.3M in fiscal year 2025.
Is Ibex Ltd profitable?
Yes, Ibex Ltd (IBEX) reported a net income of $36.9M in fiscal year 2025, with a net profit margin of 6.6%.
What is Ibex Ltd's EBITDA?
Ibex Ltd (IBEX) had EBITDA of $63.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ibex Ltd have?
As of fiscal year 2025, Ibex Ltd (IBEX) had $15.3M in cash and equivalents against $796K in long-term debt.
What is Ibex Ltd's gross margin?
Ibex Ltd (IBEX) had a gross margin of 30.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ibex Ltd's operating margin?
Ibex Ltd (IBEX) had an operating margin of 8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ibex Ltd's net profit margin?
Ibex Ltd (IBEX) had a net profit margin of 6.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ibex Ltd's return on equity (ROE)?
Ibex Ltd (IBEX) has a return on equity of 27.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ibex Ltd's free cash flow?
Ibex Ltd (IBEX) generated $27.3M in free cash flow during fiscal year 2025. This represents a 0.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ibex Ltd's operating cash flow?
Ibex Ltd (IBEX) generated $45.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ibex Ltd's total assets?
Ibex Ltd (IBEX) had $273.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ibex Ltd's capital expenditures?
Ibex Ltd (IBEX) invested $18.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ibex Ltd's current ratio?
Ibex Ltd (IBEX) had a current ratio of 1.82 as of fiscal year 2025, which is generally considered healthy.
What is Ibex Ltd's debt-to-equity ratio?
Ibex Ltd (IBEX) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ibex Ltd's return on assets (ROA)?
Ibex Ltd (IBEX) had a return on assets of 13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ibex Ltd's Altman Z-Score?
Ibex Ltd (IBEX) has an Altman Z-Score of 4.88, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ibex Ltd's Piotroski F-Score?
Ibex Ltd (IBEX) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ibex Ltd's earnings high quality?
Ibex Ltd (IBEX) has an earnings quality ratio of 1.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ibex Ltd cover its interest payments?
Ibex Ltd (IBEX) has an interest coverage ratio of 28.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ibex Ltd?
Ibex Ltd (IBEX) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.