IBEX (IBEX) financial statements
IBEX reported revenue of $644M in fiscal 2026, up 8.2% a year over 8 years.
Net income was $46M and the operating margin 8.5%, against -5.2% in 2018.
Free cash flow was $31M, and the company returned $14M in net buybacks.
The diluted share count rose 32% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from IBEX's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $342M | $368M | $405M | $443M | $493M | $523M | $509M | $558M | $644M |
| Cost of revenue | — | — | — | $335M | $374M | $375M | $357M | $386M | $456M |
| Gross profit | — | — | — | $108M | $119M | $148M | $152M | $173M | $188M |
| Selling, general and admin | — | — | — | $77M | $80M | $89M | $93M | $109M | $113M |
| Operating income | -$18M | $7M | $20M | $17M | $21M | $40M | $39M | $47M | $55M |
| Interest expense | $3M | $8M | $9M | $2M | $1M | $792,000 | $514,000 | $2M | $936,000 |
| Pre-tax income | -$16M | $19M | $10M | $15M | $19M | $40M | $41M | $46M | $54M |
| Income tax | -$108,000 | $4M | $2M | $2M | -$2M | $9M | $7M | $9M | $8M |
| Net income | -$16M | $11M | $8M | $13M | $21M | $32M | $34M | $37M | $46M |
| EPS (diluted) | -$1.42 | $0.00 | $0.00 | $0.71 | $1.15 | $1.67 | $1.84 | $2.36 | $3.13 |
| Diluted shares | 11M | 12M | 13M | 18M | 19M | 19M | 18M | 16M | 15M |
| Gross margin | — | — | — | 24.4% | 24.1% | 28.3% | 29.9% | 30.9% | 29.2% |
| Operating margin | -5.2% | 1.8% | 4.8% | 3.8% | 4.2% | 7.7% | 7.8% | 8.3% | 8.5% |
| Net margin | -4.6% | 3.0% | 1.9% | 3.0% | 4.4% | 6.0% | 6.6% | 6.6% | 7.2% |
Balance sheet
Fiscal years, from IBEX's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $14M | $9M | $22M | $58M | $49M | $57M | $63M | $15M | $33M |
| Receivables | — | $71M | $63M | $81M | $75M | $86M | $98M | $117M | $125M |
| Total current assets | — | $82M | $86M | $141M | $142M | $159M | $180M | $146M | $180M |
| Property, plant and equipment | $19M | $82M | $13M | $31M | $42M | $41M | $30M | $33M | $41M |
| Goodwill | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M |
| Total assets | — | $188M | $195M | $274M | $294M | $293M | $294M | $273M | $309M |
| Total current liabilities | — | $111M | $106M | $106M | $98M | $73M | $71M | $80M | $86M |
| Long-term debt | — | $7M | $4M | $2M | $661,000 | $600,000 | $867,000 | $796,000 | $777,000 |
| Total liabilities | — | $180M | $179M | $194M | $181M | $143M | $128M | $139M | $139M |
| Shareholders' equity | $26M | $9M | $16M | $95M | $113M | $150M | $166M | $134M | $170M |
| Net debt | -$14M | $40M | $9M | -$58M | -$48M | -$57M | -$61M | -$14M | -$31M |
Cash flow
Fiscal years, from IBEX's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6M | $2M | $52M | $16M | $40M | $42M | $36M | $46M | $59M |
| Capital spending | $6M | $6M | $5M | $21M | $26M | $19M | $9M | $18M | $28M |
| Free cash flow | -$12M | -$4M | $46M | -$5M | $14M | $23M | $27M | $27M | $31M |
| Stock-based compensation | $9M | $5M | $359,000 | $5M | $2M | $5M | $4M | $5M | $8M |
| Dividends paid | $146,000 | $2M | $121,000 | $4M | $0 | $0 | — | — | — |
| Share buybacks (net) | $0 | -$6M | $0 | $0 | -$3M | -$276,000 | -$22M | -$78M | -$14M |
| Net borrowing | -$5M | $31M | -$7M | -$9M | -$7M | — | — | — | — |
| Free cash flow margin | -3.4% | -1.1% | 11.5% | -1.1% | 2.9% | 4.4% | 5.3% | 4.9% | 4.8% |
| Dividends per share | $0.01 | $0.13 | $0.01 | $0.22 | — | — | — | — | — |
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Open IBEX in InvestinglyQuestions
What was IBEX's revenue in 2026?
$644M in fiscal 2026, from its 10-K filing.
How much free cash flow does IBEX generate?
$31M in fiscal 2026 (operating cash flow minus capital spending).
From IBEX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.