IPW · Ipower Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50M | $7.13M | $12.02M | $19.07M | $16.57M | $19.01M | $16.80M | $23.31M | $26.51M | $19.25M |
| Cost of Revenue | $2.74M | $3.99M | $7.21M | $10.68M | $9.39M | $10.52M | $9.48M | $12.36M | $14.75M | $11.29M |
| Gross Profit | $755.5K | $3.14M | $4.81M | $8.39M | $7.18M | $8.49M | $7.32M | $10.95M | $11.76M | $7.97M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $2.50M | $1.32M | $3.08M | $1.91M | $5.32M | $2.93M | $3.32M | $2.96M | $2.71M |
| Total Operating Expenses | $1.90M | $5.58M | $6.50M | $7.71M | $7.45M | $11.23M | $9.87M | $9.35M | $13.03M | $12.05M |
| D&A | - | - | $198.2K | - | - | $201.7K | - | - | $201.7K | - |
| Operating Income | ($1.14M) | ($2.44M) | ($1.70M) | $683.6K | ($269.0K) | ($2.75M) | ($2.55M) | $1.60M | ($1.27M) | ($4.08M) |
| Interest Expense | $0 | $70.3K | $61.7K | $140.2K | $81.9K | $131.2K | $154.5K | $180.4K | $215.4K | $280.4K |
| Income Tax | ($326.5K) | ($820.5K) | ($463.6K) | $120.5K | $26.0K | ($636.5K) | ($688.9K) | $377.1K | ($275.9K) | ($1.05M) |
| Net Income | ($3.45M) | $218.8K | ($533.6K) | $218.8K | $1.02M | ($2.03M) | ($1.91M) | $1.02M | ($1.29M) | ($3.29M) |
| EPS - Basic | ($19.04) | ($8.64) | ($4.08) | $2.40 | ($2.40) | ($14.40) | ($14.40) | $7.20 | ($9.60) | ($26.40) |
| EPS - Diluted | ($19.04) | ($8.64) | ($4.08) | $2.40 | ($2.40) | ($14.40) | ($14.40) | $7.20 | ($9.60) | ($26.40) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $713.7K | $2.01M | $904.0K | $1.77M | $2.19M | $2.58M | $7.38M | $2.71M | $2.73M | $3.74M |
| Accounts Receivable | $7.06M | $5.17M | $5.11M | $6.12M | $10.18M | $12.28M | $14.74M | $16.84M | $13.24M | $14.07M |
| Inventory | $2.54M | $3.61M | $4.33M | $8.13M | $9.77M | $8.67M | $10.55M | $11.87M | $15.06M | $20.59M |
| Accounts Payable | $3.02M | $3.06M | $3.60M | $7.18M | $8.03M | $8.35M | $11.23M | $14.20M | $12.03M | $13.24M |
| Current Assets | $14.50M | $14.69M | $11.83M | $19.37M | $24.81M | $26.33M | $35.01M | $33.06M | $32.83M | $41.26M |
| Total Assets | $31.31M | $34.00M | $28.59M | $35.64M | $40.51M | $42.40M | $51.30M | $50.42M | $51.59M | $60.09M |
| Current Liabilities | $6.60M | $8.02M | $8.12M | $14.45M | $12.95M | $14.18M | $23.77M | $26.50M | $21.07M | $23.33M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $14.16M | $16.01M | $10.67M | $17.37M | $19.79M | $21.26M | $28.28M | $31.45M | $31.90M | $39.23M |
| Stockholders' Equity | $17.15M | $17.98M | $17.92M | $18.28M | $20.72M | $21.13M | $23.02M | $18.97M | $19.69M | $20.86M |
| Retained Earnings | ($20.38M) | ($16.93M) | ($15.73M) | ($15.20M) | ($12.38M) | ($12.26M) | ($10.23M) | ($10.89M) | ($9.99M) | ($8.70M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $1.69M | - | - | ($1.42M) | - | - | $4.05M | - |
| Investing Cash Flow | - | - | ($1.04M) | - | - | ($202.1K) | - | - | $0 | - |
| Financing Cash Flow | - | - | ($1.78M) | - | - | ($3.31M) | - | - | ($5.08M) | - |
| CapEx | - | - | - | - | - | - | - | - | $0 | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | $4.05M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 21.6% | 44.0% | 40.0% | 44.0% | 43.3% | 44.7% | 43.6% | 47.0% | 44.4% | 41.4% |
| Operating margin | -32.7% | -34.2% | -14.1% | 3.6% | -1.6% | -14.4% | -15.2% | 6.9% | -4.8% | -21.2% |
| EBITDA margin | - | - | -12.5% | - | - | -13.4% | - | - | -4.0% | - |
| Net margin | -98.7% | 3.1% | -4.4% | 1.1% | 6.1% | -10.7% | -11.4% | 4.4% | -4.9% | -17.1% |
| Free cash flow margin | - | - | - | - | - | - | - | - | 15.3% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | -3.15 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 35.1% | 11.0% | 16.1% | 11.6% | 28.0% | 17.5% | 14.2% | 11.2% | 14.1% |
| Effective tax rate | - | - | - | 35.5% | 2.5% | - | - | 27.1% | - | - |
| Return on assets | -11.0% | 0.6% | -1.9% | 0.6% | 2.5% | -4.8% | -3.7% | 2.0% | -2.5% | -5.5% |
| Return on equity | -20.1% | 1.2% | -3.0% | 1.2% | 4.9% | -9.6% | -8.3% | 5.4% | -6.5% | -15.8% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.20 | 1.83 | 1.46 | 1.34 | 1.92 | 1.86 | 1.47 | 1.25 | 1.56 | 1.77 |
| Quick ratio | 1.81 | 1.38 | 0.92 | 0.78 | 1.16 | 1.25 | 1.03 | 0.80 | 0.84 | 0.89 |
| Cash ratio | 0.11 | 0.25 | 0.11 | 0.12 | 0.17 | 0.18 | 0.31 | 0.10 | 0.13 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -34.7x | -27.5x | 4.9x | -3.3x | -20.9x | -16.5x | 8.9x | -5.9x | -14.6x |
| Equity multiplier | 1.83 | 1.89 | 1.60 | 1.95 | 1.96 | 2.01 | 2.23 | 2.66 | 2.62 | 2.88 |
| Liabilities / Assets | 0.45 | 0.47 | 0.37 | 0.49 | 0.49 | 0.50 | 0.55 | 0.62 | 0.62 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.21 | 0.42 | 0.54 | 0.41 | 0.45 | 0.33 | 0.46 | 0.51 | 0.32 |
| Inventory turnover | 1.08 | 1.11 | 1.66 | 1.31 | 0.96 | 1.21 | 0.90 | 1.04 | 0.98 | 0.55 |
| Days sales outstanding | 737d | 264d | 155d | 117d | 224d | 236d | 320d | 264d | 182d | 267d |
| Days inventory outstanding | 338d | 330d | 219d | 278d | 380d | 301d | 406d | 351d | 373d | 666d |
| Days payable outstanding | 401d | 279d | 182d | 245d | 312d | 290d | 432d | 419d | 298d | 428d |
| Cash conversion cycle | 673d | 315d | 192d | 150d | 292d | 247d | 294d | 195d | 257d | 504d |
| Valuation | ||||||||||
| P / E | - | - | - | 64.7x | - | - | - | 17.7x | - | - |
| P / B | 0.9x | 3.7x | 7.3x | 267.1x | 182.2x | 645.7x | 646.1x | 200.0x | 261.2x | 376.3x |
| P / S | 4.6x | 9.2x | 10.9x | 255.9x | 227.8x | 718.0x | 885.2x | 162.7x | 194.0x | 407.8x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -78.9% | -62.6% | -36.8% | 13.5% | -28.9% | -28.3% | -12.7% | 15.2% | 1.9% | 12.4% |
| Revenue CAGR (3y) | -44.3% | -28.2% | -22.7% | 3.7% | -10.1% | 3.1% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | 11.1% | - | - | - | - | - |
| Gross profit growth (YoY) | -89.5% | -62.6% | -43.4% | 14.6% | -34.4% | -27.8% | -8.2% | 40.5% | 17.8% | 61.1% |
| Operating income growth (YoY) | -325.4% | - | 38.3% | - | - | -116.5% | 37.5% | - | 72.4% | - |
| Net income growth (YoY) | - | 0.0% | 73.7% | - | 0.0% | -57.7% | 41.8% | - | 69.2% | - |
| EPS growth (YoY) | -693.3% | - | 71.7% | - | - | -50.0% | 45.5% | - | -6757.1% | - |
| EPS CAGR (3y) | - | - | - | 330.9% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 1162.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -17.2% | -1.6% | -15.2% | -20.6% | 9.2% | 7.3% | 10.3% | -20.1% | -30.3% | -22.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$66.35M totalProduct$61.52M · 92.7%
Service$4.62M · 7.0%
Fulfillment Services$202.9K · 0.3%
Peer comparison
Same SIC group: Retail-Building Materials, Hardware, Garden Supply
Comparing iPower Inc. against the 4 most active filers in the same SIC group.