HIGHBuilt-inGeographic
96%
United States
“10-K Item 1A: 'We derived 96% of our revenue from customers based in the United States during the fiscal year ended June 30, 2025'”
IBEX · Concentration risk · 10-K extracted
IBEX (IBEX) concentration risks
Updated
The most significant concentration IBEX discloses is United States at 96%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: IBEX’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
26%
top three clients
“10-K Item 1A: 'Our top three clients accounted for 26% of our revenue, and our top client accounted for approximately 11% of our revenue'”
MEDIUMOutside partyCustomer
26%
Retail & E-commerce vertical
“10-K Item 1A: '26.0% of our revenue was derived from clients in the Retail & E-commerce vertical'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11IBEX's concentration is mainly geographic and vertical, with a smaller client element. It derived 96% of revenue from customers based in the United States during the fiscal year ended June 30, 2025, a high-share and structural exposure: the business is effectively tied to U.S. demand for outsourced customer experience services, whatever the location of its delivery centers. Client concentration is more contained. The top three clients accounted for 26% of revenue, a medium-share exposure and a dependency, and the top client accounted for approximately 11%. Separately, 26.0% of revenue came from clients in the Retail & E-commerce vertical, also a medium-share exposure, which links results to consumer-spending cycles. Together the picture is a company whose revenue base is geographically narrow but not dependent on any one account. The U.S. and retail exposures are macro and cyclical, while the top-client exposure is the idiosyncratic one that could move results on a contract loss. All three are plainly disclosed in Item 1A of the 10-K.
For the engine’s reasoning on IBEX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Information Technology Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APLD | Applied Digital Corporation | 2 | 0 | 0 | 2 |
| IBEX● | IBEX Limited | 1 | 2 | 0 | 3 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| CACI | CACI International, Inc. | 1 | 1 | 0 | 2 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| BR | Broadridge Financial Solutions, | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.