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IPW

iPower Inc.

IPW

iPower Inc. • NASDAQ
$10.53 ▲ 3.64% (+0.37)
Market Cap $11.05 M
52w High $34.65
52w Low $8.43
Dividend Yield 0%
P/E -3.12
Volume 2.79K
Outstanding Shares 1.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $12.017M ▲ $6.502M ▼ $-533.648K ▲ -4.441% ▲ $-0.51 ▲ $-424.937K ▲
Q4-2025 $11.492M ▼ $8.473M ▲ $-2.818M ▼ -24.523% ▼ $-2.68 ▼ $-2.95M ▼
Q3-2025 $16.57M ▼ $7.446M ▼ $-339.599K ▼ -2.05% ▼ $-0.324 ▼ $435.332K ▼
Q2-2025 $19.073M ▲ $7.706M ▼ $218.819K ▲ 1.147% ▲ $0.21 ▲ $1.083M ▲
Q1-2025 $19.009M $11.234M $-2.029M -10.676% $-1.938 $-1.81M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $903.975K ▼ $29.405M ▼ $11.487M ▼ $17.965M ▼
Q4-2025 $2.008M ▼ $35.643M ▼ $17.367M ▼ $18.323M ▼
Q3-2025 $2.192M ▼ $40.506M ▼ $19.789M ▼ $20.765M ▼
Q2-2025 $2.877M ▲ $43.87M ▲ $22.166M ▲ $21.748M ▲
Q1-2025 $2.577M $42.395M $21.261M $21.176M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-534K ▲ $1.686T ▲ $-1.037T ▼ $-1.778T ▼ $-1.104T ▼ $1.686T ▲
Q4-2025 $-2.818M ▼ $-78.973K ▼ $-522.321K ▲ $169.563K ▲ $-184.364K ▲ $-242.56K ▼
Q3-2025 $-342.373K ▼ $887.712K ▲ $-855.562K ▼ $-610.536K ▼ $-685.203K ▼ $32.15K ▲
Q2-2025 $215.664K ▲ $27.717K ▲ $-462.226K ▼ $750.21K ▲ $300.152K ▲ $-434.509K ▲
Q1-2025 $-2.029M $-874.094K $-202.14K $-3.85M $-4.801M $-874.09K

Revenue by Products

Product Q3-2025Q4-2025Q1-2026
Product
Product
 $0 ▲$0 ▲$10.00M ▲
Service
Service
 $0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The business has grown from a very small base and now generates modest but steady revenue with reasonably healthy mark‑ups on its products. Operating results hover around break‑even, with only small profits or losses from year to year. That means the company has not yet built a wide profitability cushion: a downturn in sales or a jump in costs could quickly push results deeper into the red. The dramatic swings shown in earnings per share mainly reflect changes in share count and the recent reverse split rather than large changes in the underlying dollar profits, so the core income statement picture is one of a small, thin‑margin retailer still stabilizing its earnings profile.

Balance Sheet

Balance Sheet The balance sheet is compact, reflecting a small company. Assets and shareholders’ equity are positive but have not meaningfully expanded in recent years, suggesting limited balance‑sheet-driven growth. Debt is present but does not look overwhelming relative to the size of the business; however, the cash position appears lean, leaving only a modest financial buffer against shocks. Overall, the company has a workable but tight capital structure that leaves less room for prolonged losses or heavy investment without new funding.

Cash Flow

Cash Flow Historically, cash flow from operations has been close to break‑even, with small inflows and outflows over time, which is consistent with the income statement profile. The latest period, however, shows an extremely large negative operating and free cash flow figure, which stands out sharply from prior years and likely reflects a one‑off event, a data anomaly, or a very significant working capital or business shift. Capital spending is minimal, so this is an asset‑light model, but the combination of low cash on hand and a sudden large cash outflow—if accurate—would be a key risk area that warrants closer scrutiny and explanation from management.

Competitive Edge

Competitive Edge iPower competes in a niche of hydroponics and home gardening, selling through major online marketplaces and its own websites. Its strengths include deep know‑how in e‑commerce, strong placement on platforms like Amazon, and in‑house brands that have earned prominent marketplace rankings, which helps differentiate it from generic resellers. The SuperSuite platform, which offers third‑party brands a bundled service for online sales, logistics, and data insights, provides an additional layer of competitive edge and can create sticky relationships with partners. That said, the company is still small and operates in a crowded, price‑sensitive retail category, facing competition from other specialized players as well as larger generalist e‑commerce platforms, and remains exposed to swings in consumer spending.

Innovation and R&D

Innovation and R&D Innovation at iPower is centered on technology, data, and supply chain execution rather than heavy laboratory research. The SuperSuite platform is the core innovation, integrating multiple online sales channels, analytics, and logistics into a single offering for partner brands. The company also focuses on developing and refining its own product lines under proprietary brands and is working to shift more of its sourcing and inventory base to the United States, which could improve reliability and branding. Management has signaled interest in digital assets and smarter, more energy‑efficient gardening products, which could open new niches, but the commercial impact of these initiatives is still uncertain and will depend on adoption and execution rather than pure technical breakthroughs.

Summary

Overall, iPower is a young, small‑scale specialty e‑commerce player with an interesting position in hydroponics and home gardening and a technology‑enabled service platform layered on top of a traditional retail model. Financially, the company operates close to break‑even with thin margins, a modest equity base, some debt, and limited cash, which leaves little room for prolonged setbacks. Strategically, its strengths lie in marketplace expertise, proprietary brands, and the SuperSuite ecosystem, which together form a credible competitive niche despite the presence of much larger rivals. The key uncertainties are the stability of cash flows, the company’s ability to scale profitably without overextending its balance sheet, and how effectively it can turn its platform and innovation efforts into durable, higher‑margin growth over time.

NEWS

November 14, 2025 · 9:20 AM UTC

iPower Reports Fiscal First Quarter 2026 Results

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November 11, 2025 · 11:30 AM UTC

iPower Regains Compliance with Nasdaq Minimum Bid Price Requirement

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October 22, 2025 · 9:20 AM UTC

iPower Actively Pursuing Alternative Funding Solutions to Enhance Capital Flexibility

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October 21, 2025 · 2:15 PM UTC

iPower Announces 1-for-30 Reverse Stock Split

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October 9, 2025 · 4:55 PM UTC

iPower Reports Fiscal Fourth Quarter and Full Fiscal Year 2025 Results

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