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Ibex Ltd (IBEX) stock

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NASDAQ: IBEX Nasdaq IT Consulting & Other Services Next results ~November 5, 2026

B Fundamentals grade

Ibex Ltd is a US-listed company in the IT consulting & other services industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$58

Cash-flow model

Base case. Range ~$44–$75 across our lower- and higher-growth cases (6.3%–16.3% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 22% below our base value.

Price used: $44.72, November 2, 2026

Ibex Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 11 selling0 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds78 adding, 80 cuttingOf 41 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ibex files

Where Ibex stands after its latest 10-K

Revenue for the twelve months to June 2026 was $644m, up 15.4% on a year earlier, slower than the 17.0% growth a quarter earlier. That growth ranks 4 of 23 among the it consulting & other services companies we cover. Free-cash-flow margin held at 4.8%. The diluted share count is down 5.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $52.44 a share, against a share price of $45.66. At that price, our model says the market is pricing in about 8.7% a year of cash-flow growth for five years, close to the 7.8% a year revenue growth it has delivered.

Source: 10-K filed September 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Ibex Ltd's trailing-twelve-month revenue grew 15.4% year on year, with a free-cash-flow margin of 4.8%. Where it stands out: change in share count of -5.8% ranks 5 of 39 it consulting & other services companies we cover.

Our discounted-cash-flow model values the business at ~$58 per share in the base case (~$44–$75 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Capital expenditure surging: TTM capex grew 51% year over year and now absorbs 4.3% of revenue.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $44.72 is 29% below our value per share of $58.
  • Fast growth. Revenue grew 15.4% over the last 12 months, against a median of 6.5% for it consulting & other services companies we cover.
  • Shrinking share count. Diluted shares fell 5.8% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weak cash conversion. Free cash flow was 67% of net income over the last 12 months.

Latest results: FY2026 Q4

Filed September 10, 2026
Earnings per share
$0.85 against an average estimate of $0.84: beat by 0.6%
Revenue
$164m, up 11.6% on a year earlier
Share reaction
+7.5% in the first session after the results on September 10, 2026, against +0.2% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.90

Ibex's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.0%
  • 1 week-5.0%
  • 1 month+2.6%
  • This year+17.1%
  • 1 year+19.7%
  • 5 years+150.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$644M
Operating margin
8.5%
Net margin
7.2%
EPS (TTM, diluted)
$3.13

Growth

Revenue growth
+15.4%
Change in growth rate
−1.7 pts
Share count change
−5.8%

Cash

Free cash flow (TTM)
$31.2M
FCF margin
4.8%
Stock pay % of revenue
1.2%

Earnings

Last results
September 10, 2026
Next results (est.)
December 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ibex Ltd valuation models and calculator

What the price is pricing in

The share price implies about 5.8% a year of cash-flow growth for five years.That is close to the 7.8% a year revenue growth Ibex has delivered.

  • Priced in5.8%
  • Last 12 months15.4%
  • 3 years a year7.2%
  • 5 years a year7.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($43.73, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$58
Price used
$43.73close November 3, 2026
Implied change
▲ +32%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Ibex Ltd's free cash flow after stock-based pay with after-tax interest added back ($26.7M, FY2026 Q4 TTM), growing 10.9% and 10.4% in the next two years (forecasts, guidance and its record), then back to 11.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$44–~$75 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Ibex Ltd's free cash flow after stock-based pay ( $26.7M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Ibex Ltd as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.02 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$58 ~$44–$75 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$37 ~$47–$86 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$72 ~$50–$100 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$43 ~$38–$51 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$54 ~$37–$72 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ibex Ltd with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −20%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $31$42$55$73$97$128
8.5% $24$32$42$55$72$93
10% $20$26$34$44$56$73

Valuation multiples over time Market data may be delayed

At fiscal year end 202120222023202420252026
Share price$19.52$16.87$21.23$16.18$29.10$30.37
Market value$358m$316m$401m$295m$458m$450m
+ Net debt (− = net cash)−$58m−$33m−$56m−$61m−$14m−$31m
Enterprise value$301m$283m$345m$234m$444m$419m
Multiples
Price / sales 0.8x0.6x0.8x0.6x0.8x0.7x
Price / earnings 27.4x14.7x12.7x8.8x12.4x9.7x
Price / free cash flow —22.4x17.5x10.9x16.8x14.4x
EV / EBITDA 9.6x7.3x5.8x4.0x7.0x5.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $169m and EPS of $0.90 (range $0.90 to $0.90) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.70 +5% $712m +11%
Next $4.08 +10% $760m +7%

Next year's EPS estimate has moved −0.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.1% on 90 days ago. In the last 30 days, 0 analysts raised Ibex Ltd's forecast and 0 cut it.

Consensus EPS forecast Ibex Ltd, last 90 days
$3.60 $3.80 $4.00 $4.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.63 Current fiscal year, 60 days ago: $3.63 Current fiscal year, 30 days ago: $3.63 Current fiscal year, 7 days ago: $3.70 Current fiscal year, Now: $3.70 $3.70 Next fiscal year, 90 days ago: $4.10 Next fiscal year, 60 days ago: $4.10 Next fiscal year, 30 days ago: $4.10 Next fiscal year, 7 days ago: $4.08 Next fiscal year, Now: $4.08 $4.08

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.63$4.10
60 days ago $3.63$4.10
30 days ago $3.63$4.10
7 days ago $3.70$4.08
Now $3.70$4.08

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.84 $0.85 +0.6%
Mar 2026 $0.85 $0.91 +6.4%
Dec 2025 $0.79 $0.87 +10.8%
Sept 2025 $0.73 $0.90 +22.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 10, 2026

No numeric guidance in Ibex Ltd's latest earnings release (filed September 10, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Ibex Ltd's revenue by +10.9% next year and +10.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.6%, weight 56%) and the company's own record (+11.3%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy00%
Hold2100%
Sell00%

Monthly trend

  1. Oct 202622

Counts of recommendations published by analysts covering Ibex Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.6%
of tradable shares
Days to cover
1.35
at average volume
Short interest, 1 month
−53%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
6.4%
of shares
Employees
35,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +19.7%

$37.37 on October 31, 2025 to $44.72

ThenNowEffect
Revenue (last 12 months) $558m $644m +15.4%
Net margin 6.6% 7.2% +8.9%
P/E multiple 15.9x 14.3x −10.3%
Share count 16m 15m +6.2%

Biggest factor: revenue.

Last 3 years +158.5%

$17.30 on November 3, 2023 to $44.72

ThenNowEffect
Revenue (last 12 months) $523m $644m +23.1%
Net margin 6.0% 7.2% +19.2%
P/E multiple 10.3x 14.3x +38.1%
Share count 19m 15m +27.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IBEX−31%+93%−24%+13%+78%+17%
Industry peers (median)+10%−35%+8%+24%−23%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IBEX25%67%58%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IBEX−52%−22%−54%−32%−19%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since August 7, 2020: 56% from February 16, 2023 to April 17, 2024. Getting back needed a 128% gain, reached on May 9, 2025, 387 days after the low.

Price behaviour

52-week range
$26.40 – $47.23
From 52-week high
−5.3%
vs 50-day average
+5.6%
vs 200-day average
+30.6%
Volatility (1 year)
37%
Beta vs S&P 500
0.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±11.2%
After a week
9 up, 3 down
typical move ±13.4%
After a month
9 up, 3 down
typical move ±12.2%
Results releasedNext dayS&P 500 next day5 days21 days
September 10, 2026 +7.5% +0.2% +10.5% +20.2%
May 6, 2026 +15.6% +1.1% +7.4% +5.6%
February 5, 2026 +1.5% +0.6% −13.5% −13.3%
November 6, 2025 −1.5% −1.0% −3.8% −3.1%
September 11, 2025 +43.8% +0.8% +45.2% +24.0%
May 8, 2025 +21.1% +0.6% +12.3% +16.7%
February 6, 2025 +10.1% −0.6% +22.5% +11.2%
November 7, 2024 −0.8% +1.2% +0.1% +3.7%
September 12, 2024 +18.8% +1.4% +21.4% +17.4%
May 9, 2024 +2.2% +0.7% +6.5% +11.7%
February 8, 2024 −8.7% +0.6% −13.9% −11.3%
November 9, 2023 +2.2% +0.8% +4.1% +7.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Ibex Ltd’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Ibex Ltd in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ibex Ltd
$500M $550M $600M $650M FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $519.9M Revenue (TTM), FY24 Q2: $513.2M Revenue (TTM), FY24 Q3: $508.5M Revenue (TTM), FY24 Q4: $508.6M Revenue (TTM), FY25 Q1: $513.7M Revenue (TTM), FY25 Q2: $521.7M Revenue (TTM), FY25 Q3: $535.7M Revenue (TTM), FY25 Q4: $558.3M Revenue (TTM), FY26 Q1: $579.7M Revenue (TTM), FY26 Q2: $603.3M Revenue (TTM), FY26 Q3: $626.9M Revenue (TTM), FY26 Q4: $644.1M $644.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $519.9M
FY24 Q2 $513.2M
FY24 Q3 $508.5M
FY24 Q4 $508.6M
FY25 Q1 $513.7M
FY25 Q2 $521.7M
FY25 Q3 $535.7M
FY25 Q4 $558.3M
FY26 Q1 $579.7M
FY26 Q2 $603.3M
FY26 Q3 $626.9M
FY26 Q4 $644.1M
Revenue growth, TTM YoY Ibex Ltd
-5% 0% 5% 10% 15% 20% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY26 Q4 Revenue growth, TTM YoY, FY24 Q4: -2.8% Revenue growth, TTM YoY, FY25 Q1: -1.2% Revenue growth, TTM YoY, FY25 Q2: 1.7% Revenue growth, TTM YoY, FY25 Q3: 5.3% Revenue growth, TTM YoY, FY25 Q4: 9.8% Revenue growth, TTM YoY, FY26 Q1: 12.9% Revenue growth, TTM YoY, FY26 Q2: 15.6% Revenue growth, TTM YoY, FY26 Q3: 17.0% Revenue growth, TTM YoY, FY26 Q4: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q4 -2.8%
FY25 Q1 -1.2%
FY25 Q2 1.7%
FY25 Q3 5.3%
FY25 Q4 9.8%
FY26 Q1 12.9%
FY26 Q2 15.6%
FY26 Q3 17.0%
FY26 Q4 15.4%
Operating margin (TTM) Ibex Ltd
6% 7% 8% 9% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 7.9% Operating margin (TTM), FY24 Q2: 7.1% Operating margin (TTM), FY24 Q3: 6.9% Operating margin (TTM), FY24 Q4: 7.8% Operating margin (TTM), FY25 Q1: 7.8% Operating margin (TTM), FY25 Q2: 8.7% Operating margin (TTM), FY25 Q3: 8.8% Operating margin (TTM), FY25 Q4: 8.3% Operating margin (TTM), FY26 Q1: 8.8% Operating margin (TTM), FY26 Q2: 9.0% Operating margin (TTM), FY26 Q3: 9.2% Operating margin (TTM), FY26 Q4: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 7.9%
FY24 Q2 7.1%
FY24 Q3 6.9%
FY24 Q4 7.8%
FY25 Q1 7.8%
FY25 Q2 8.7%
FY25 Q3 8.8%
FY25 Q4 8.3%
FY26 Q1 8.8%
FY26 Q2 9.0%
FY26 Q3 9.2%
FY26 Q4 8.5%
FCF margin (TTM) Ibex Ltd
3.5% 4% 4.5% 5% 5.5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 5.3% FCF margin (TTM), FY24 Q2: 5.0% FCF margin (TTM), FY24 Q3: 5.0% FCF margin (TTM), FY24 Q4: 5.3% FCF margin (TTM), FY25 Q1: 4.8% FCF margin (TTM), FY25 Q2: 5.0% FCF margin (TTM), FY25 Q3: 3.7% FCF margin (TTM), FY25 Q4: 4.9% FCF margin (TTM), FY26 Q1: 5.4% FCF margin (TTM), FY26 Q2: 4.9% FCF margin (TTM), FY26 Q3: 5.2% FCF margin (TTM), FY26 Q4: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 5.3%
FY24 Q2 5.0%
FY24 Q3 5.0%
FY24 Q4 5.3%
FY25 Q1 4.8%
FY25 Q2 5.0%
FY25 Q3 3.7%
FY25 Q4 4.9%
FY26 Q1 5.4%
FY26 Q2 4.9%
FY26 Q3 5.2%
FY26 Q4 4.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Ibex took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $644M
  2. Selling, general and admin $113M · 17.5%
  3. Other operating costs $476M · 73.9%
  4. Operating income $55M · 8.5%
  5. Income tax $8M · 1.2%
  6. Net income $46.3M · 7.2%

Shares of revenue. Source: Ibex's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 443 493 523 509 558 644
EBITDA 31 39 59 59 64 75
Operating income 17 21 40 39 47 55
Net income 13 21 32 34 37 46
Diluted EPS $0.71 $1.15 $1.67 $1.84 $2.36 $3.13
Growth (year on year)
Revenue — +11.2% +6.1% −2.8% +9.8% +15.4%
EBITDA — +24.3% +53.6% −1.0% +8.4% +17.3%
Operating income — +21.0% +96.3% −2.6% +18.2% +17.9%
Net income — +63.9% +47.2% +6.6% +9.5% +25.7%
Diluted EPS — +62.0% +45.2% +10.2% +28.3% +32.6%
Margins
EBITDA margin 7.0% 7.9% 11.4% 11.6% 11.4% 11.6%
Operating margin 3.8% 4.2% 7.7% 7.8% 8.3% 8.5%
Net margin 3.0% 4.4% 6.0% 6.6% 6.6% 7.2%
Free-cash-flow margin −1.1% 2.9% 4.4% 5.3% 4.9% 4.8%
Cash flow
Cash from operations 16 40 42 36 46 59
Capital spending 21 26 19 9 18 28
Free cash flow −5 14 23 27 27 31
Stock-based pay 5 2 5 4 5 8
Free cash flow after stock pay −10 12 18 23 22 23
Balance sheet
Cash 58 49 57 63 15 33
Total debt 0 16 1 2 2 2
Net debt (negative = net cash) −58 −33 −56 −61 −14 −31
Diluted shares 18m 19m 19m 18m 16m 15m
Returned to shareholders
Dividends 4 0 0 — — —
Buybacks 0 3 0 22 78 14
Total returned 4 3 0 22 78 14

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · June 30, 2026
What it owns · $309m
Short-term assets $180mLonger-term assets $129m
What it owes, and who funded it · $309m
Short-term liabilities $86mLonger-term liabilities $53mShareholders' equity $170m
  • Short-term assets cover short-term liabilities $180m of assets due within a year against $86m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $180m short-term assets against $53m of longer-dated liabilities.
  • More cash than debt $33m of cash against $2m of debt.
  • Debt below 40% of shareholders' equity Debt is 1% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $59m of operating cash flow against $2m of debt.
  • Operating profit covers interest at least five times over Operating income of $55m against $936,000 of interest.

From Ibex Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$14.4M
Returned to shareholders
46%
of free cash flow
Buybacks, last 3 fiscal years
$114M
Diluted share count
−5.8%
year over year
Total shareholder yield
2.4%
dividends 0.0% + buybacks 2.4% of market value
Sales & admin spending
17.5%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated IBEX ECX RMNI GDYN RCMT INOD Median
Revenue, last 12 months $644m $848m $438m $433m $334m $317m $383m
Revenue growth, last 12 months 15.4% 9.9% 2.9% 6.6% 11.2% 39.0% 5.7%
Revenue growth, 3-year average 7.2% — 0.8% 11.1% 8.3% 60.8% 4.3%
Revenue growth, latest quarter 11.6% — 8.3% 9.7% 20.0% 57.8% 4.7%
Gross margin — 19.0% 60.5% 36.5% 26.9% 39.5% 28.0%
Operating margin 8.5% −6.5% 5.9% 1.7% 7.7% 15.8% 5.9%
Operating margin, 3-year average 8.2% — 4.7% 0.0% 8.2% — 7.5%
Net margin 7.2% −7.8% 2.5% 1.8% 5.1% 14.7% 2.2%
Cash from operations / revenue 9.2% −11.1% 6.2% 9.3% 7.1% 61.9% 6.7%
Free-cash-flow margin 4.8% −12.6% 5.1% 6.1% 6.8% 58.0% 5.0%
Free-cash-flow margin, 3-year average 5.0% — 0.9% 5.9% 2.9% 25.0% 6.7%
Stock pay / revenue 1.2% 1.6% 2.3% 5.7% 1.1% 5.9% 2.2%
Change in share count −5.8% 0.6% 1.9% −3.2% −3.4% 1.7% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth 15.4% 6.5% 10 of 40
Change in growth rate Growth -1.7pp -0.8pp 25 of 40
Operating margin Profitability 8.5% 5.9% 13 of 36
Net margin Profitability 7.2% 2.5% 12 of 40
Free-cash-flow margin Cash generation 4.8% 5.1% 20 of 38
Stock pay as % of revenue Cash generation 1.2% 2.3% 14 of 36
Long-term debt as % of assets Balance sheet 0.3% 11.8% 5 of 27
Change in share count Balance sheet -5.8% 0.9% 5 of 39
Days sales outstanding Balance sheet 71 days 71 days 14 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Geography
Region Revenue YoY
United States $623M ▲ 15.9%
Offshore $327M ▲ 15.9%
Onshore $170M ▲ 24.7%
Nearshore $147M ▲ 5.2%
Outside the US $21M ▲ 2.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Ibex Ltd's 10-K filed September 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$316M
Institutions reporting
152
Shares held vs prior quarter
▲ 0.8%
Positions opened / closed
14 / 25

Top buyers and sellers, Q2 2026: 78 institutions bought and 80 sold ; the biggest buyer was Vanguard Capital Management LLC (+352K shares) and the biggest seller American Century Companies Inc (−170K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $31.4M 1.0M 10.0% ▲ 7.9%
American Century Companies Inc $15.5M 511K 4.9% ▼ 25.0%
Dimensional Fund Advisors LP $11.7M 385K 3.7% ▲ 7.5%
Two Sigma Investments, LP $11.6M 381K 3.7% ▼ 0.8%
Ameriprise Financial Inc $11.4M 375K 3.6% ▲ 11.0%
Royce & Associates LP $11.3M 373K 3.6% ▲ 2.2%
Vanguard Capital Management LLC $10.7M 352K 3.4% New
Boston Partners $10.5M 345K 3.3% ▲ 20.1%
Acadian Asset Management LLC $9.1M 300K 2.9% ▼ 27.6%
Jpmorgan Chase & Co $9M 299K 2.9% ▼ 12.1%
Hillsdale Investment Management Inc. $8.8M 291K 2.8% ▲ 10.2%
Wellington Management Group LLP $8.4M 277K 2.7% ▼ 1.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ibex Ltd's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.9M 25 trades by 11 insiders · 39% under pre-set plans
Net ▼ $5.9M net selling
Insider Date Trade Shares Price Value
Dechant Robert Thomas Chief Executive Officer September 25, 2026 Sell pre-set plan 5,000 $45.02 $225,100
Inson Paul Joseph Chief People Officer September 16, 2026 Sell 2,500 $40.07 $100,175
Trofimuk-O'Connor Christina Alice Chief Legal Officer September 16, 2026 Sell 2,376 $39.34 $93,472
Zhuang Mingzhe Director September 15, 2026 Sell 5,522 $40.10 $221,432
Dechant Robert Thomas Chief Executive Officer September 15, 2026 Sell 25,000 $39.99 $999,750
Trofimuk-O'Connor Christina Alice Chief Legal Officer September 15, 2026 Sell 7,500 $40.30 $302,250
Casteel Julie K Chief Sales/Marketing Officer September 15, 2026 Sell 17,474 $40.41 $706,124
Ballou-Aares Daniella Director September 15, 2026 Sell 1,500 $40.29 $60,435
Inson Paul Joseph Chief People Officer September 14, 2026 Sell pre-set plan 2,274 $40.00 $90,960
Afdahl David Martin Chief Operating Officer September 14, 2026 Sell pre-set plan 10,819 $40.07 $433,517
Afdahl David Martin Chief Operating Officer September 8, 2026 Sell pre-set plan 17,500 $37.09 $649,075
Casteel Julie K Chief Sales/Marketing Officer June 11, 2026 Sell 3,600 $30.61 $110,196

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 10, 2026 estimated from the company's past filing pattern, not announced

  • September 10, 2026
  • May 6, 2026
  • February 5, 2026
  • November 6, 2025
  • September 11, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Ibex Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ibex Ltd in brief

What does Ibex Ltd do?
Ibex Ltd is a US-listed company in the IT consulting & other services industry. Its financial year ends in June.
What is Ibex Ltd's stock ticker?
Ibex Ltd trades under the ticker IBEX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ibex Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ibex Ltd reported revenue of $644M, 15.4% higher than a year earlier, according to its SEC filings.
What is Ibex Ltd's free cash flow?
Ibex Ltd's free-cash-flow margin is 4.8% of revenue over the trailing twelve months, ranking 20 of the 38 it consulting & other services companies we cover.
What is Ibex Ltd's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Ibex Ltd's free cash flow after stock-based pay gives ~$58 per share in the base case, and ~$44–$75 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Ibex Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., American Century Companies Inc and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Ibex Ltd buying back stock, and does it pay a dividend?
Ibex Ltd spent $14.4M on share repurchases over the trailing twelve months, and its diluted share count fell 5.8% over the year.
What is Ibex Ltd's market cap?
On June 30, 2026, Ibex Ltd's market capitalisation was about $450M, with a price-to-earnings ratio of 9.7 and net debt of -$30.9M. Market figures come from third-party market data and may be delayed.
How much debt does Ibex Ltd have?
Ibex Ltd's debt-to-equity ratio is 1.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Ibex Ltd's competitors?
In our IT Consulting & Other Services peer group, the companies closest to Ibex Ltd are Ecarx Holdings Inc., Rimini Street, Inc., Grid Dynamics Holdings, Inc., RCM Technologies, Inc. and Innodata Inc. The side-by-side comparison below sets their revenue, margins and growth against Ibex Ltd's.
Are insiders buying or selling Ibex Ltd stock?
Over the last 12 months, Ibex Ltd's directors and officers reported 0 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Ibex Ltd's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ibex Ltd announces its own schedule.