IBEX Ltd
Business
IBEX Ltd is a technology-enabled business process outsourcing (BPO) provider delivering customer lifecycle experience (CLX) solutions including customer engagement, digital marketing, and customer experience management. The company's primary service offering, ibex Connect, provides omnichannel customer service, technical support, and back-office services, while ibex Digital offers customer acquisition and e-commerce technology solutions. IBEX operates through a global delivery model across onshore (United States), nearshore (Nicaragua, Honduras, Jamaica), and offshore (Philippines, Pakistan, India) locations, serving clients across retail, fintech, healthtech, telecommunications, and technology verticals through its proprietary Wave iX platform.
Summary from 10-K filed 2025-09-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenue | 558 | 509 | 523 | 493 | 443 | |
| Cost of services (exclusive of depreciation and amortization presented separately below) | 386 | 357 | 375 | 374 | 335 | |
| Selling, general and administrative | 109 | 93 | 89 | 80 | 77 | |
| Depreciation and amortization | 17 | 19 | 19 | 18 | 14 | |
| Total operating expenses | 512 | 469 | 483 | 472 | 426 | |
| Income from operations | 47 | 39 | 40 | 21 | 17 | |
| Interest income | 955,000 | 2 | 640,000 | 43,000 | — | |
| Interest expense | −2 | −514,000 | −792,000 | — | — | |
| Income before income taxes | 46 | 41 | 40 | 19 | 15 | |
| Provision for income tax expense | −9 | −7 | −9 | 2 | −2 | |
| Net income | 37 | 34 | 32 | 21 | 13 | |
| Foreign currency translation adjustments | 1 | −2 | −2 | −2 | −650,000 | |
| Unrealized gain / (loss) on cash flow hedging instruments, net of tax | 775,000 | −111,000 | 515,000 | −323,000 | 202,000 | |
| Actuarial (loss) / gain on defined benefit plan | −312,000 | 133,000 | −31,000 | 440,000 | 137,000 | |
| Total other comprehensive income / (loss) | 2 | −2 | −2 | −2 | −311,000 | |
| Total comprehensive income | 38 | 32 | 30 | 19 | 13 | |
| Basic (in dollars per share) | 2.51 | 1.9 | 1.74 | 1.18 | 0.74 | |
| Diluted (in dollars per share) | 2.36 | 1.84 | 1.67 | 1.15 | 0.71 | |
| Basic (in shares) | 15 | 18 | 18 | 18 | 18 | |
| Diluted (in shares) | 16 | 18 | 19 | 19 | 18 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 15 | 63 | 57 | 49 | — | |
| Accounts receivable, net of allowance of $232 and $72 | 117 | 98 | 86 | 75 | — | |
| Prepaid expenses | 9 | 8 | 7 | 7 | — | |
| Due from related parties | 40,000 | 192,000 | 43,000 | 13,000 | — | |
| Tax advances and receivables | 2 | 9 | 6 | 6 | — | |
| Other current assets | 2 | 2 | 2 | 5 | — | |
| Total current assets | 146 | 180 | 159 | 142 | — | |
| Property and equipment, net | 33 | 30 | 41 | 42 | — | |
| Operating lease assets | 62 | 59 | 71 | 83 | — | |
| Goodwill | 12 | 12 | 12 | 12 | — | |
| Deferred tax asset, net | 7 | 4 | 5 | 9 | — | |
| Other non-current assets | 14 | 9 | 6 | 6 | — | |
| Total non-current assets | 128 | 114 | 135 | 152 | — | |
| Total assets | 273 | 294 | 293 | 294 | — | |
| Accounts payable and accrued liabilities | 19 | 17 | 19 | 21 | — | |
| Accrued payroll and employee-related liabilities | 39 | 31 | 29 | 33 | — | |
| Current deferred revenue | 5 | 5 | 6 | 9 | — | |
| Current operating lease liabilities | 14 | 12 | 13 | 14 | — | |
| Current debt | 823,000 | 660,000 | 413,000 | 15 | — | |
| Due to related parties | 22,000 | 60,000 | 2 | 3 | — | |
| Income taxes payable | 2 | 6 | 3 | 3 | — | |
| Total current liabilities | 80 | 71 | 73 | 98 | — | |
| Non-current deferred revenue | 1 | 1 | 1 | 4 | — | |
| Non-current operating lease liabilities | 54 | 53 | 65 | 76 | — | |
| Long-term debt | 796,000 | 867,000 | 600,000 | 661,000 | — | |
| Other non-current liabilities | 3 | 2 | 3 | 2 | — | |
| Total non-current liabilities | 59 | 57 | 70 | 83 | — | |
| Total liabilities | 139 | 128 | 143 | 181 | — | |
| Commitments (Note 9) | — | — | — | — | — | |
| Common stock: par value $0.0001, 108,057,967 shares authorized, 13,357,990 and 17,017,476 shares outstanding as of June 30, 2025 and 2024, respectively | 1,000 | 2,000 | 2,000 | 2,000 | — | |
| Additional paid-in capital | 218 | 210 | 205 | 198 | — | |
| Treasury stock at cost: 5,515,403 and 1,567,552 shares as of June 30, 2025 and 2024, respectively | −103 | −25 | −4 | −3 | — | |
| Accumulated other comprehensive loss | −6 | −8 | −6 | −5 | — | |
| Retained earnings / (deficit) | 26 | −11 | −45 | −76 | — | |
| Total stockholders' equity | 134 | 166 | 150 | 113 | 95 | |
| Total liabilities and stockholders' equity | 273 | 294 | 293 | 294 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Noncash lease expense | 13 | 13 | 14 | 14 | 12 | |
| Warrant contra revenue | 0 | 1 | 1 | 1 | 800,000 | |
| Deferred income tax | −3 | 344,000 | 5 | −5 | −2 | |
| Stock-based compensation expense | 5 | 4 | 5 | 2 | 5 | |
| Allowance of expected credit losses | 514,000 | 33,000 | 295,000 | 0 | 291,000 | |
| Impairment losses | 1 | 2 | 0 | 0 | — | |
| Loss on lease terminations | 0 | 0 | 251,000 | 0 | −634,000 | |
| Gain on sale of subsidiaries | 0 | 0 | −246,000 | 0 | 0 | |
| Increase in accounts receivable | −19 | −12 | −12 | −10 | −13 | |
| Decrease / (increase) in prepaid expenses and other current assets | 361,000 | −8 | 1 | 4 | −2 | |
| Increase / (decrease) in accounts payable and accrued liabilities | 6 | −2 | −4 | 2 | −4 | |
| Increase / (decrease) in deferred revenue | 752,000 | −2 | −5 | 6 | 3 | |
| Decrease in operating lease liabilities | −14 | −14 | −14 | −13 | −11 | |
| Net cash inflow from operating activities | 46 | 36 | 42 | 40 | 16 | |
| Purchase of property and equipment | −18 | −9 | −19 | −26 | −21 | |
| Cash outflow from sale of subsidiaries, net of cash received | 0 | 0 | −85,000 | 0 | 0 | |
| Net cash outflow from investing activities | −18 | −9 | −19 | −26 | −21 | |
| Proceeds from line of credit | 83 | 238,000 | 43 | 88 | 116 | |
| Repayments of line of credit | −83 | −291,000 | −55 | −99 | −115 | |
| Repayment of debt | 0 | 0 | −4 | −7 | −11 | |
| Proceeds from the exercise of options | 4 | 366,000 | 2 | 35,000 | 28,000 | |
| Principal payments on finance leases | −953,000 | −490,000 | −447,000 | −818,000 | −7 | |
| Purchase of treasury shares | −78 | −22 | −276,000 | −3 | 0 | |
| Net cash outflow from financing activities | −75 | −22 | −14 | −22 | 41 | |
| Effects of exchange rate difference on cash and cash equivalents | −3,000 | −21,000 | −610,000 | −965,000 | −181,000 | |
| Net (decrease) / increase in cash and cash equivalents | −47 | 5 | 9 | −9 | 36 | |
| Cash paid for interest | 2 | 514,000 | 152,000 | 1 | 2 | |
| Cash paid for income taxes | 12 | 8 | 4 | 2 | 6 | |
| Change in accounts payable related to fixed assets | 384,000 | −548,000 | −621,000 | — | −849,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IBEX Ltd's CIK number?
IBEX Ltd's SEC CIK number is 0001720420 (1720420). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IBEX Ltd's SEC filings?
All of IBEX Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IBEX Ltd last report earnings?
IBEX Ltd (IBEX) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001720420-26-000010). This is IBEX Ltd's most recent earnings filing of record — not a forecast of its next earnings date.
What is IBEX Ltd's most recent earnings 8-K?
IBEX Ltd's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001720420-26-000010. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IBEX Ltd's latest earnings 8-K →
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