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IBEXIBEX Limited
$33.23$448M
Overview & Verdict
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IBEX logoIBEX Limited(IBEX)Earnings, Financials & Key Ratios

IBEX•NASDAQ
$33.23
14.1× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryCustomer Experience Outsourcing and BPO
AboutIBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution that comprises customer service, technical support, revenue generation, and other value-added outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that includes digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience. As of October 1, 2021, the company operated 33 customer engagement and three customer acquisition delivery centers. It serves banking and financial services, delivery and logistics, health tech and wellness, high tech, retail and e-commerce, streaming and entertainment, travel and hospitality, and utility industries. The company was formerly known as IBEX Holdings Limited and changed its name to IBEX Limited in September 2019. The company was incorporated in 2017 and is headquartered in Washington, District of Columbia. IBEX Limited is a subsidiary of The Resource Group International Limited.Show more
  • Revenue$558M+9.8%
  • EBITDA$64M+8.4%
  • Net Income$37M+9.5%
  • EPS (Diluted)2.36+28.3%
  • Gross Margin30.91%+3.4%
  • EBITDA Margin11.44%-1.2%
  • Operating Margin8.35%+7.7%
  • Net Margin6.6%-0.2%
  • ROE24.57%+15.2%

IBEX Price & Volume

IBEX Limited (IBEX) stock price & volume — 10-year historical chart

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Accelerating Revenue Growth Amidst Structural Margin Volatility

Investment Thesis • Updated 2026Q3

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Client concentration and attrition

Key Thesis Takeaways

  • IBEX has successfully pivoted to a growth-oriented trajectory, evidenced by a 16.8% year-over-year revenue increase in 2026Q3, though investors should remain cautious regarding the sustainability of these gains given the inherent sensitivity of its labor-intensive delivery model.
  • While the company has significantly improved its equity position, moving from negative retained earnings in 2024 to $63.3M by 2026Q3, the persistent volatility in cash conversion and tight liquidity buffers warrant close monitoring.
  • The current valuation, trading at a forward P/E of 8.55, appears to price in significant execution risk related to the company's ability to maintain operating margins above the 9.8% level achieved in the most recent quarter.

Verdict Logic

while the forward P/E of 8.55 and PEG ratio of 0.32 suggest potential undervaluation, the volatility in free cash flow margins and the significant decline in cash reserves to $15.4M necessitate a more conservative stance.

IBEX Growth Metrics

IBEX Limited (IBEX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years6.62%
3 Years4.24%
TTM17.04%

Profit CAGR

10 Years-
5 Years36.53%
3 Years19.77%
TTM27.13%

EPS CAGR

10 Years-
5 Years39.92%
3 Years27.08%
TTM39.74%

Return on Capital

10 Years9.78%
5 Years16.83%
3 Years19.88%
Last Year22.4%

IBEX Recent Earnings

IBEX Limited (IBEX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.91+6.4%
$0.85
Rev
$164M+4.7%
$157M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$0.87+10.8%
$0.79
Rev
$164M+4.6%
$157M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.90+11.1%
$0.81
Rev
$151M-2.8%
$156M
Q4 2025
Sep 11, 2025
Metric
Actual
Est
EPS
$0.87+18.4%
$0.73
Rev
$147M+1.7%
$145M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.91vs $0.85+6.4%
$164Mvs $157M+4.7%
Q1 2026Feb 5, 2026
$0.87vs $0.79+10.8%
$164Mvs $157M+4.6%
Q4 2025Nov 6, 2025
$0.90vs $0.81+11.1%
$151Mvs $156M-2.8%
Q4 2025Sep 11, 2025
$0.87vs $0.73+18.4%
$147Mvs $145M+1.7%
Based on last 12 quarters of dataView full earnings history →

Latest IBEX News

Recent stock market news and headlines for IBEX Limited (IBEX)

GlobeNewsWire·6 days ago
ibex Honors the Winners of the 5th Annual CX Leadership Awards at CCW Las Vegas

LAS VEGAS, July 01, 2026 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a global leader in outsourced business services and AI-powered customer experience solutions, today announced the winners of the 2026 CX Leadership Awards, which honor the top customer experience (CX) innovators, leaders, and pioneers around the world. This year's winners, who were selected from an exceptionally strong list of CX professionals, were recognized last week at ibex's Fifth Annual CX Leadership Awards Dinner at Customer Contact Week (CCW) in Las Vegas.

GlobeNewsWire·Jun 17, 2026
ibex Names Shannon Hodges Senior Vice President of Wave iX

WASHINGTON, June 17, 2026 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a global leader in outsourced business services and AI-powered customer experience solutions, today announced that Shannon Hodges has joined the company as Senior Vice President of Wave iX, ibex's AI-powered customer experience (CX) solutions suite. In his key role, Hodges will lead the growth and expansion of Wave iX.

Peers Comparison

Key metrics vs top competitors for IBEX Limited (IBEX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IBEX logoIBEXIBEX LimitedCurrent
$33.23$447.51M14.089.77%6.6%24.57%—
TTEC logoTTECTTEC Holdings, Inc.
$2.08$101.21M-0.52-3.2%-9.6%-101.92%—
CNXC logoCNXCConcentrix Corporation
$22.85$1.39B-1.122.15%-13.15%-41.8%—
TASK logoTASKTaskUs, Inc.
$5.03$453.77M4.5718.95%8.7%21.23%—
TLYS logoTLYSTilly's, Inc.
$4.25$127.96M-7.33-2.79%-0.57%-3.98%—
EPAM logoEPAMEPAM Systems, Inc.
$89.55$4.68B13.3315.42%6.96%10.66%—

Compare IBEX vs Peers

IBEX Limited (IBEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TTEC

Most directly comparable listed peer for IBEX.

Scale Benchmark

vs CRM

Larger-name benchmark to compare IBEX against a more recognizable public peer.

Peer Set

Compare Top 5

vs TTEC, CNXC, TASK, TLYS

IBEX SEC Filings & Documents

IBEX Limited (IBEX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Dec 19, 2025·SEC

10-K Annual Reports

3
FY 2025

Sep 11, 2025·SEC

FY 2024

Sep 12, 2024·SEC

FY 2023

Sep 13, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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IBEX Frequently Asked Questions

IBEX Limited (IBEX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is IBEX Limited's revenue?

IBEX Limited (IBEX) reported $626.9M in revenue for fiscal year 2025. This represents a 94% increase from $323.0M in 2016.

How fast is IBEX Limited growing?

IBEX Limited (IBEX) grew revenue by 9.8% over the past year. This is steady growth.

Is IBEX profitable?

Yes, IBEX Limited (IBEX) is profitable, generating $47.2M in net income for fiscal year 2025 (6.6% net margin).

Dividend & Returns
What is IBEX's return on equity?

IBEX Limited (IBEX) has a return on equity (ROE) of 24.6%. This is excellent, indicating efficient use of shareholder capital.

What is IBEX Limited's free cash flow?

IBEX Limited (IBEX) generated $32.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in IBEX back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →