Independence Power Holdings, Inc.

ITXP

Independence Power Holdings, Inc.

ITXP/Services-Engineering, Accounting, Research, Management/NV

Corporate History and Background The Company Independence Power Holdings, Inc. (f/k/a TriUnity Business Services Limited, the Company and, prior to the Merger (as defined herein), TriUnity ), was incorporated under the laws of the State of Nevada on April 30, 2024. Prior to the Merger, TriUnity was headquartered in Kuala Lumpur, Malaysia and provided business related services such as accounting…

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ProfitabilityStrong margins GrowthAccelerating Cash FlowCash burn ValuationN/A

What stands out

Margins and capital returns are both well above average: 88.20% operating margin, ROIC at 183.13%. Consistent with durable pricing power, though that alone doesn't make it a buy.

What's changing

Revenue up 439216.1% YoY with margins expanding 202.6pp.

What deserves caution

Negative free cash flow of -$337K. The business is consuming cash, not generating it.

Profitability & Returns

TTM as of 2026-06 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue (TTM)

$97M

▲ +439216.1% YoY

Net Income (TTM)

$66M

▲ +272139.0% YoY

Op. Margin

83.08%

▲ +202.6pp YoY

ROIC

113.66%

▲ +196.7pp YoY

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF (TTM)

-$1M

▼ -950.7% YoY

Op. Cash Flow (TTM)

-$1M

▼ -950.7% YoY

Net Debt

$234K

Cash & Equiv.

$164K

3Y CAGR: +2199.0%

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

DCF Valuation

What is it worth?

Financials

Full income, cash flow, balance sheet

SourceComputed from the 10-Q filed 11 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Aug 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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