IBEX Limited (IBEX) Stock Price & Analysis
IBEX Limited (IBEX) closed at USD 45.65 on Wednesday, October 28, 2026, down 0.63% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 45.94; the Oct 28, 2026 session ranged USD 45.19–46.45 on volume of 106,944 shares. Market capitalization is $606.17M, with a 52-week range of USD 25.94–48.17 (NGM). Source: Nexqual, retrieved October 28, 2026 at 23:52 UTC.
Also available as compact Markdown for AI agents: nexqual.com/IBEX.md
Key facts (IBEX)
- Last four reported quarters (through Jun 30, 2026): revenue $644M, net income $46.3M (7.2% margin), free cash flow $31.2M (SEC filings).
- Valuation: P/E 13.1x (avg 10.3x at the last 3 fiscal year-ends), EV/EBITDA 7.7x, net cash $30.9M.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 42 (range 40–44).
- Total return with dividends: 1Y +21.7% vs S&P 500 +13.6%; 5Y +180.9% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.9, revenue estimate $169M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (IBEX)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $493M | $523M | $509M | $558M | $644M | $644M |
| Operating income | $20.6M | $40.5M | $39.4M | $46.6M | $55.0M | $55.0M |
| Net income | $21.5M | $31.6M | $33.7M | $36.9M | $46.3M | $46.3M |
| EPS (diluted) | $1.15 | $1.67 | $1.84 | $2.36 | $3.13 | — |
| Free cash flow | $14.1M | $22.9M | $27.0M | $27.3M | $31.2M | $31.2M |
| Operating margin | 4.2% | 7.7% | 7.8% | 8.3% | 8.5% | 8.5% |
| Net margin | 4.4% | 6.0% | 6.6% | 6.6% | 7.2% | 7.2% |
| Revenue growth | +11.2% | +6.1% | -2.8% | +9.8% | +15.4% | — |
| Cash + short-term investments | $48.8M | $57.4M | $62.7M | $15.3M | $32.6M | — |
| Total debt | $15.7M | $1.0M | $1.5M | $1.6M | $1.7M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (IBEX)
P/E 13.1x · P/S 0.9x · EV/EBITDA 7.7x · EV/Sales 0.9x · P/FCF 19.4x · P/B 3.6x · FCF yield 5.15% · Earnings yield 7.64% · Buyback yield (TTM) 2.37% · Net cash $30.9M · EV $575M
P/E at fiscal year-ends: Jun 2026 9.7x, Jun 2025 12.4x, Jun 2024 8.8x.
Analysts (IBEX)
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 42 (low 40, high 44).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-28 | Baird | Target raised | Neutral | $40 → $44 |
| 2026-09-11 | Baird | Target raised | Neutral | $35 → $40 |
Total return (dividends reinvested) (IBEX)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +21.7% | +180.9% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +21.8% | +22.9% |
| Volatility (annualized) | 36.4% | 45.1% |
| Max drawdown | -32.7% (Jan 2026→Mar 2026) | -55.5% (Feb 2023→Apr 2024) |
IBEX earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Sep 10, 2026 | Quarter ended Jun 30, 2026 | $0.85 | $0.85 | In line | +7.5% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.91 | $0.86 | Beat +5.8% | +15.6% |
| Feb 5, 2026 | Quarter ended Dec 31, 2025 | $0.87 | $0.79 | Beat +10.1% | +1.5% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.90 | $0.74 | Beat +21.6% | -1.5% |
| Sep 11, 2025 | — | — | — | — | +43.8% |
| May 8, 2025 | — | — | — | — | +21.1% |
| Feb 6, 2025 | — | — | — | — | +10.1% |
| Nov 7, 2024 | — | — | — | — | -0.8% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
IBEX recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | DEF 14A | Proxy statement (pay, board, votes) · period ended Jun 30, 2026 |
| Sep 10, 2026 | 10-K | Annual report · period ended Jun 30, 2026 |
| Sep 10, 2026 | 8-K | Entered a material agreement; Quarterly results; New debt or off-balance-sheet obligation “Amendment 1 to U.S. Credit Agreement On September 8, 2026 (the "Effective Date"), Ibex Global Solutions, Inc. (the "Company"), Ibex Limited, Ibex Global Limited, the other borrowers party thereto from time to time, the other guarantors party thereto from time to time, the lenders party thereto from time to time and HSBC Bank USA, National Association, as administrative agent, entered into Amendment No. 1 (the "Amendment") to the Credit Agreement, dated as of October 29, 2024 (as amended, modified, supplemented or…” |
| Aug 14, 2026 | Schedule 13G/A | American Century Investment Management, Inc., American Century Companies, Inc.: 3.8% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
IBEX revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $159.0M | 96.8% | +11.9% |
| Offshore (Philippines, Pakistan, India) | $82.2M | 50.0% | +14.4% |
| Onshore (United States) | $46.7M | 28.4% | +15.4% |
| Nearshore (Jamaica, Nicaragua, Honduras) | $35.4M | 21.5% | +1.5% |
| Other countries | $5.3M | 3.2% | +4.6% |
| Total revenue | $164.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
IBEX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Alphabet (Google) (GOOGL) | “We derive a significant portion of our customer acquisition website traffic from consumers who search products or services using Internet search engines, such as Google and Bing.” |
| Partner | The Resource Group International | “Interest expense during the fiscal year ended June 30, 2026 was $0.9 million, a decrease of $0.7 million, or 42.7% primarily due to lower interest on borrowings in the current year as well as expenses incurred during the prior year including the loss on extinguishment of $0.2 million related to the termination of our PNC Credit Facility and interest expense of $0.2 million on the convertible promissory note issued…” |
Quoted from the company's 10-K filed Sep 10, 2026.
IBEX customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 9% of revenue, per the company's 10-K filed Sep 10, 2026. The company does not name it.
IBEX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.90 | $0.86 | +4.0% | $169.3M | 2 |
| Next quarter (ends Dec 2026) | $0.91 | $0.89 | +2.8% | $181.5M | 2 |
| Current fiscal year (ends Jun 2027) | $3.70 | $3.63 | +2.1% | $712.3M | 2 |
| Next fiscal year (ends Jun 2028) | $4.08 | $4.10 | -0.4% | $760.4M | 2 |
IBEX options: expected move
Options price a move of about ±14.4% (±$6.60) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±12.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 69.9% | ±14.4% |
| Dec 18, 2026 | 51 | 56.5% | ±17.0% |
| Mar 19, 2027 | 142 | 53.5% | ±26.4% |
| Jun 17, 2027 | 232 | 53.7% | ±33.7% |
30-day implied volatility 64.7% vs 24.2% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 28, 2026 at 23:52 UTC)
| Price | USD 45.65 |
|---|---|
| Change | ▼ 0.63% (down) |
| Previous Close | USD 45.94 |
| Open | USD 45.87 |
| Day Range | USD 45.19 – 46.45 |
| 52-Week Range | USD 25.94 – 48.17 |
| Volume | 106,944 shares |
| Market Cap | $606.17M |
| Exchange | NGM |
Technical Analysis (IBEX)
Nexqual's technical model rates IBEX "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 28, 2026 at 23:52 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 60.18 (neutral) |
| vs SMA50 | Above (USD 41.8) |
| MACD | 1.34 (positive) |
Analyst Ratings (IBEX)
Wall Street analysts rate IBEX "Hold" based on 2 analysts, with a mean price target of USD 42 (range USD 40–44), per Nexqual as of October 28, 2026 at 23:52 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 42 |
| High Target | USD 44 |
| Low Target | USD 40 |
| Buy / Hold / Sell | 0 / 2 / 0 |
Earnings (IBEX)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.9 |
| Revenue Estimate | $169.31M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.85 vs est 0.85 ▲ beat |
| 2026-03-31 | USD 0.91 vs est 0.86 ▲ beat |
| 2025-12-31 | USD 0.87 vs est 0.79 ▲ beat |
| 2025-09-30 | USD 0.9 vs est 0.74 ▲ beat |
Source: Nexqual, October 28, 2026 at 23:52 UTC.
Financials & Fundamentals (IBEX)
| Total Revenue | $644.08M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.60% |
| Gross Margin | +29.31% |
| Operating Margin | +7.38% |
| Profit Margin | +7.19% |
| ROE | +30.43% |
| Debt / Equity | 0.37 |
| Current Ratio | 2.1 |
| Total Cash | $32.57M |
| Total Debt | $62.44M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $31.19M (4.8% of revenue) |
Source: Nexqual, October 28, 2026 at 23:52 UTC.
Financial Health Score (IBEX)
Nexqual rates IBEX Limited's overall financial health "Solid" across five dimensions, as of October 28, 2026 at 23:52 UTC.
| Growth | Strong — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 29%, operating 9% (last 12 months) |
| Balance Sheet | Strong — $33M cash and investments vs $2M debt (Jun 2026, SEC), net cash |
| Cash Flow | Mixed — FCF $31M (last 4 quarters to Jun 2026, SEC), slim 4.8% margin |
| Efficiency | Strong — ROE 27%, ROA 15.0% (last 4 quarters, SEC) |
Ownership (IBEX)
| Insider Ownership | +6.41% |
|---|---|
| Institutional Ownership | +100.91% |
| Shares Outstanding | 13.28M |
| Float | 11.02M |
| Short % of Float | +1.57% |
Source: Nexqual, October 28, 2026 at 23:52 UTC.
Leadership (IBEX)
IBEX Limited is led by Robert T. Dechant, CEO & Director, per Nexqual as of October 28, 2026 at 23:52 UTC.
| CEO & Director | Robert T. Dechant |
|---|---|
| Chief Financial Officer | Taylor C. Greenwald |
| Chief Operating Officer | David Afdahl |
| Chief Marketing & Strategic Accounts Officer | Julie M. Casteel |
| Chief Technology Officer | Michael Ringman |
Major Backers & Investors (IBEX)
Notable institutional backers of IBEX Limited include American Century Companies Inc, Two Sigma Investments, LP, Ameriprise Financial, Inc., according to Nexqual as of October 28, 2026 at 23:52 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 3.85% |
| Two Sigma Investments, LP | 2.87% |
| Ameriprise Financial, Inc. | 2.82% |
| Royce & Associates LP | 2.81% |
| Boston Partners | 2.6% |
| Acadian Asset Management. LLC | 2.26% |
| JPMorgan | 2.25% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.8% |
| Dimensional Fund Advisors | 2.9% |
| Vanguard Group | 2.65% |
Source: Nexqual, October 28, 2026 at 23:52 UTC.
From IBEX Limited's Latest SEC 10-K Filing (filed 2026-09-10)
Key Strengths & Strategy (as disclosed to the SEC)
- Leveraging our proprietary technology platform, company culture and operational excellence, ibex helps approximately 140 clients create innovative and differentiated customer experiences to help increase loyalty, enhance brand awareness and drive revenue in an era of rapid change and digital transformation.
- We believe this capability allows us to provide innovative, automated and customizable solutions to our clients more efficiently versus a pure labor arbitrage-based delivery model. ibex has invested significant resources into building and implementing proprietary technology, focusing on software deployed across the full customer lifecycle journey.
- While many of these digital-first clients are smaller, fast-growing companies, there are several Fortune 500 companies within this group, such as Amazon and one of the leading ride-sharing companies in the United States.
- Our proprietary technology, combined with our Wave Zero launch process helps us to accelerate the pathway to proficiency ("Speed to Green") for our clients and outperform our competition.
Partnerships
- Our contracts with clients generally take the form of a master services agreement, which is a framework agreement that is then supplemented by one or more statements of work.
Legal & Regulatory Risks (Item 1A, quoted)
- We cannot predict whether any material suits, claims, or investigations may arise in the future.
- Our insurance coverage may not be adequate to cover losses associated with security incidents, and in any case, such insurance may not cover all of the types of costs, expenses and losses we could incur to address a security incident.
- We or our clients may be subject to claims that our technology infringes upon the intellectual property rights of others.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 23:52 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt