Executive Summary
Integrated Ventures Inc (INTV) reported QQ2 2025 revenue of 142,861 USD, representing a strong sequential uptick from Q1 2025 but still signaling a highly volatile and capital-intensive business cycle tied to crypto market dynamics. Gross profit of 139,446 and a gross margin of 97.6% reflect a very low cost of revenue relative to top-line in the quarter; however, the sizable fixed cost base drove a negative EBITDA of -304,649 and an operating loss of -716,662, resulting in a net loss of -673,911 and an EPS of -0.13. The quarter featured substantial depreciation and amortization (412,014) and elevated other expenses (230,909), underscoring the heavy capital and ongoing operating spend required in a hardware-centric, crypto-mining operation.
From a cash-flow perspective, operating cash flow was negative at -216,691 and free cash flow deteriorated to -261,278, with cash at period end of 234,519. The balance sheet shows total assets of 2,815,774 against total liabilities of 8,021,278 and negative stockholders’ equity of -5,458,829, indicating meaningful balance-sheet fragility and liquidity risk. Liquidity ratios are stressed (current ratio 0.398, quick ratio 0.398, cash ratio 0.0617), underscoring the need for capital discipline or external financing to sustain ongoing mining operations and potential expansion plans.
Management commentary is not captured in the provided transcript data for QQ2 2025, limiting the ability to quote management language directly. Given the sector’s cyclicality and INTV’s capital-intensive, crypto-exposed model, investors should treat the stock as high risk with sensitivity to cryptocurrency prices, energy costs, mining difficulty, and financing terms. The near-term outlook hinges on balance-sheet repair, potential capacity optimization, and any forthcoming strategic actions to stabilize cash flow and long-term liquidity.