HIGHBuilt-inGeographic
97%
offshore and nearshore delivery capacity
“10-K Item 1: 'As of June 30, 2025, 97% of our total on-site capacity resides in our high-growth, high margin offshore and nearshore geographies'”
IBEX · Concentration risk · 10-K extracted
IBEX (IBEX) concentration risks
Updated
The most significant concentration IBEX discloses is offshore and nearshore delivery capacity at 97%, 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 · 5 disclosed concentrations
HIGH2
MEDIUM2
LOW1
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).
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.'”
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, for the fiscal year ended June 30, 2025.'”
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'”
LOWOutside partyCustomer
11%
top client
“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, for the fiscal year ended June 30, 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06IBEX's concentration profile has two structural pillars and two overlapping dependency exposures. Structurally, 97% of the company's total on-site capacity resides in offshore and nearshore geographies, while 96% of revenue is derived from customers based in the United States — meaning the delivery footprint is heavily offshore even though the demand base is overwhelmingly domestic. On the customer side, the top three clients account for 26% of revenue, with the top client alone contributing approximately 11%. Notably, the Retail & E-commerce vertical also represents 26.0% of revenue, a figure that lines up closely with the top-three-client share. Together, these exposures describe a business whose delivery model and demand base are both concentrated but in different ways. The offshore delivery footprint and U.S. revenue base are structural features of IBEX's operating model, unlikely to shift quickly. The client concentration and vertical concentration are the more idiosyncratic risks — a loss of the top client or a downturn concentrated in Retail & E-commerce could weigh on revenue in a way the structural exposures would not.
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 |
|---|---|---|---|---|---|
| CACI | CACI International, Inc. | 3 | 1 | 0 | 4 |
| IBEX● | IBEX Limited | 2 | 2 | 1 | 5 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| APLD | Applied Digital Corporation | 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.