Heritage Distilling Holding Company, Inc. (IPST) Stock

Heritage Distilling Holding Company, Inc. (IPST) is a Consumer Staples stock trading at $9.58 (as of 2026-08-21), with a market capitalization of $6.57M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Heritage Distilling Holding Company, Inc. produces, markets, and sells craft spirits such as whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails through wholesale distribution, its own distilleries, tasting rooms, and online channels. It also announced an IP-focused strategy involving building a treasury reserve of the Story Protocol’s native $IP token.

Understand Heritage Distilling Holding Company, Inc.: how it makes money

Heritage Distilling Holding Company, Inc. produces and sells craft spirits (including whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails) through wholesale distribution, its distilleries, tasting rooms, and online, generating money from selling these products through those channels.

The profit engine is selling its craft spirits through multiple go-to-market channels (wholesale, on-site locations, and online), so results primarily depend on product demand and how effectively the company converts that demand into sell-through versus its operating cost structure.

Business quality (Weak): Core operations are craft spirits production and multi-channel sales, but the latest quarter shows a very large negative operating margin, and management has also announced an IP token treasury reserve strategy that adds uncertainty to the risk profile.

Bull case

  • Multi-channel distribution for spirits: The company sells craft spirits through wholesale distribution, its own distilleries, tasting rooms, and online.
  • Product breadth in craft spirits and RTD: Its portfolio includes whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails.

Bear case

  • Significant operating losses in the latest period: For the period ended 2026-03-31, the reported operating margin is -3877.6%, indicating heavy operating loss versus reported revenue.
  • Crypto related treasury strategy increases non-core uncertainty: The company recently announced an IP Strategy involving building a treasury reserve of the Story Protocol native $IP token, which can introduce volatility and regulatory uncertainty beyond traditional distilling operations.
Valuation — source: SEC EDGAR (first-party)
Price$9.58
Market Cap$6.57M
Price / Book0.20
Price / Sales0.61
FCF Yield-240.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.12M
Net Margin-1360.9%
Revenue Growth (YoY)56.8%
EPS Growth (YoY)39517.6%
FCF Growth (YoY)19.8%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.16 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Staples)26.7
Industry P/E (Beer & Liquor)32.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($263931.00)
Institutional Holders Tracked10
Company
SectorConsumer Staples
IndustryBeer & Liquor
CEOJustin Stiefel
Employees83
CountryUS
IPO Date2024-11-26

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IPST earnings history · IPST institutional & insider holders · IPST KPIs & operating metrics · IPST financials · IPST investor presentations & press releases · IPST SEC filings · IPST peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.