NASDAQ : IPW
iPower Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 1.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 186.23K
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Financial statements
iPower Inc. (IPW) reported revenue of 19.96M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 19.96M | 19.96M | 63.22M | 86.07M | 88.90M | 79.42M |
| Cost of Revenue | 15.92M | 15.92M | 35.85M | 47.95M | 54.10M | 46.22M |
| Gross Profit | 4.04M | 4.04M | 27.37M | 38.12M | 34.80M | 33.20M |
| Selling, General & Admin | 15.43M | 15.43M | 33.70M | 39.08M | 45.22M | 30.89M |
| Operating Expenses | 15.43M | 15.43M | 33.70M | 39.08M | 45.22M | 30.89M |
| Operating Income | -11.39M | -11.39M | -6.33M | -962.89K | -10.42M | 2.31M |
| Interest Expense | -851.84K | -851.84K | -436.20K | -788.42K | -1.07M | -458.16K |
| Earnings From Equity Investments | -490.00 | -490.00 | -14.34K | -5.51K | -10.00K | -6.62K |
| Other Non Operating Income (Expenses) | 1.16M | 1.16M | 83.10K | -35.99K | -107.75K | 216.36K |
| EBT Excluding Unusual Items | -11.09M | -11.09M | -6.70M | -1.79M | -11.61M | 2.06M |
| Impairment of Goodwill | -3.03M | -3.03M | -3.06M | |||
| Gain (Loss) on Sale of Assets | -41.52K | -41.52K | ||||
| Other Unusual Items | -2.32M | -2.32M | ||||
| Pretax Income | -16.49M | -16.49M | -6.70M | -1.79M | -14.67M | 2.06M |
| Income Tax Expense | -3.08M | -3.08M | -1.35M | -251.37K | -2.69M | 558.98K |
| Earnings From Continuing Operations | -13.41M | -13.41M | -5.35M | -1.54M | -11.98M | 1.50M |
| Earnings From Discontinued Operations | 1.79M | 1.79M | 371.58K | |||
| Net Income to Company | -11.62M | -11.62M | -4.98M | -1.54M | -11.98M | 1.50M |
| Minority Interest in Earnings | 320.00 | 320.00 | 9.26K | 13.29K | 11.68K | 13.23K |
| Net Income | -11.62M | -11.62M | -4.97M | -1.53M | -11.97M | 1.52M |
| Net Income to Common | -11.62M | -11.62M | -4.97M | -1.53M | -11.97M | 1.52M |
| Free Cash Flow | -163.47K | -163.47K | -742.77K | 6.16M | 9.07M | -17.09M |
| Gross Margin | 20.24% | 20.24% | 43.29% | 44.29% | 39.14% | 41.80% |
| Operating Margin | -57.09% | -57.09% | -10.01% | -1.12% | -11.72% | 2.91% |
| Profit Margin | -58.24% | -58.24% | -7.86% | -1.77% | -13.46% | 1.91% |
| Free Cash Flow Margin | -0.82% | -0.82% | -1.18% | 7.16% | 10.20% | -21.52% |
| EBITDA | -10.63M | -10.63M | -5.55M | -166.67K | -9.63M | 2.59M |
| EBITDA Margin | -53.28% | -53.28% | -8.78% | -0.19% | -10.83% | 3.26% |
| D&A For EBITDA | 761.33K | 761.33K | 779.98K | 796.23K | 796.38K | 277.92K |
| EBIT | -11.39M | -11.39M | -6.33M | -962.89K | -10.42M | 2.31M |
| EBIT Margin | -57.09% | -57.09% | -10.01% | -1.12% | -11.72% | 2.91% |
| Effective Tax Rate | 27.09% | |||||
| Revenue as Reported | 19.96M | 19.96M | 63.22M | 86.07M | 88.90M | 79.42M |
| Advertising Expenses | 709.26K | 709.26K | 3.35M | 4.27M | 5.33M | 2.72M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 478.04K | 478.04K | 1.68M | 7.38M | 3.74M | 1.82M |
| Cash & Short-Term Investments | 478.04K | 478.04K | 1.68M | 7.38M | 3.74M | 1.82M |
| Accounts Receivable | 4.37M | 4.37M | 6.12M | 14.74M | 14.07M | 17.43M |
| Other Receivables | 4.00K | 165.96K | 108.65K | |||
| Receivables | 4.37M | 4.37M | 6.12M | 14.74M | 14.24M | 17.54M |
| Inventory | 8.13M | 10.55M | 20.59M | 30.43M | ||
| Prepaid Expenses | 754.22K | 754.22K | 1.05M | 743.51K | 1.23M | 1.07M |
| Restricted Cash | 3.25M | 3.25M | ||||
| Other Current Assets | 1.79M | 1.79M | 2.39M | 1.60M | 1.46M | 4.31M |
| Total Current Assets | 10.65M | 10.65M | 19.37M | 35.01M | 41.26M | 55.18M |
| Property, Plant & Equipment | 2.78M | 2.78M | 4.31M | 6.50M | 8.37M | 11.00M |
| Long-Term Investments | 12.77K | 12.77K | 13.26K | 27.61K | 43.38K | |
| Goodwill | 3.03M | 3.03M | 3.03M | 6.09M | ||
| Other Intangible Assets | 4.97M | 4.97M | 4.04M | 3.63M | 4.28M | 4.93M |
| Long-Term Deferred Tax Assets | 6.15M | 6.15M | 3.72M | 2.45M | 2.16M | |
| Other Long-Term Assets | 2.74M | 2.74M | 1.15M | 652.05K | 991.82K | 1.33M |
| Total Assets | 28.99M | 28.99M | 35.64M | 51.30M | 60.09M | 78.58M |
| Accounts Payable | 4.20M | 4.20M | 7.44M | 12.63M | 16.19M | 13.75M |
| Accrued Expenses | 781.87K | 781.87K | 1.20M | 1.56M | 1.59M | 1.70M |
| Short-Term Debt | 841.21K | |||||
| Current Portion of Long-Term Debt | 3.74M | 5.50M | 2.02M | 1.88M | ||
| Current Portion of Leases | 1.48M | 1.48M | 1.36M | 2.04M | 2.16M | 2.58M |
| Current Income Taxes Payable | 183.19K | 276.16K | 276.68K | 299.56K | ||
| Current Unearned Revenue | 630.39K | 630.39K | 292.00K | 313.36K | 350.60K | 273.46K |
| Other Current Liabilities | 173.76K | 173.76K | 241.28K | 607.85K | 747.78K | 2.40M |
| Total Current Liabilities | 7.26M | 7.26M | 14.45M | 23.77M | 23.33M | 22.88M |
| Long-Term Debt | 2.74M | 2.74M | 9.79M | 14.10M | ||
| Long-Term Leases | 1.43M | 1.43M | 2.91M | 4.51M | 6.11M | 8.27M |
| Long-Term Deferred Tax Liabilities | 939.12K | |||||
| Other Long-Term Liabilities | 606.70K | 606.70K | ||||
| Total Liabilities | 12.04M | 12.04M | 17.37M | 28.28M | 39.23M | 46.18M |
| Common Stock | 169.00 | 169.00 | 15.00 | 31.36K | 29.71K | 29.57K |
| Additional Paid-In Capital | 43.81M | 43.81M | 33.48M | 33.46M | 29.62M | 29.11M |
| Retained Earnings | -26.82M | -26.82M | -15.20M | -10.23M | -8.70M | 3.26M |
| Treasury Stock | -41.76K | -41.76K | ||||
| Comprehensive Income & Other | 38.32K | 38.32K | 40.11K | -210.41K | -62.13K | 5.68K |
| Total Common Equity | 16.99M | 16.99M | 18.32M | 23.05M | 20.89M | 32.41M |
| Minority Interest | -47.78K | -47.78K | -47.46K | -38.20K | -24.91K | -13.23K |
| Shareholders' Equity | 16.94M | 16.94M | 18.28M | 23.02M | 20.86M | 32.40M |
| Total Liabilities & Equity | 28.99M | 28.99M | 35.64M | 51.30M | 60.09M | 78.58M |
| Total Debt | 5.66M | 5.66M | 8.01M | 12.89M | 20.07M | 26.82M |
| Net Cash (Debt) | -5.18M | -5.18M | -6.33M | -5.51M | -16.34M | -25.00M |
| Filing Date Shares Outstanding | 105.22K | 105.22K | ||||
| Total Common Shares Outstanding | 13.93K | 13.93K | ||||
| Working Capital | 3.38M | 3.38M | 4.92M | 11.24M | 17.93M | 32.30M |
| Book Value Per Share | 1,219.42 | 1,219.42 | ||||
| Tangible Book Value | 12.02M | 12.02M | 11.25M | 16.39M | 13.58M | 21.39M |
| Tangible Book Value Per Share | 862.70 | 862.70 |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -11.62M | -11.62M | -4.97M | -1.53M | -11.97M | 1.52M |
| Depreciation & Amortization | 2.04M | 2.04M | 2.55M | 2.51M | 3.41M | 277.92K |
| Other Amortization | 395.70K | 395.70K | 125.91K | 233.62K | 214.80K | 158.20K |
| Loss (Gain) From Sale of Assets | -1.64M | -1.64M | ||||
| Asset Writedown & Restructuring Costs | 3.03M | 3.03M | 3.06M | |||
| Loss (Gain) on Equity Investments | 665.93K | 665.93K | 14.34K | 5.51K | 10.00K | 6.62K |
| Stock-Based Compensation | 792.38K | 792.38K | -13.00K | 512.54K | 512.80K | 372.35K |
| Other Operating Activities | 4.20M | 4.20M | 1.22M | 361.02K | 476.34K | 618.33K |
| Change in Accounts Receivable | 1.75M | 1.75M | 7.05M | -953.94K | 3.33M | -9.54M |
| Change in Inventory | 8.16M | 8.16M | 2.75M | 9.96M | 9.60M | -17.59M |
| Change in Accounts Payable | -2.98M | -2.98M | -4.08M | -2.02M | 4.12M | 5.59M |
| Change in Unearned Revenue | -23.95K | |||||
| Change in Income Taxes | -183.19K | -183.19K | 4.00K | -22.88K | -489.26K | |
| Change in Other Net Operating Assets | -2.35M | -2.35M | -3.96M | -2.63M | -448.61K | 2.94M |
| Operating Cash Flow | -163.47K | -163.47K | -579.19K | 6.16M | 9.21M | -16.60M |
| Capital Expenditures | -163.59K | -140.81K | -484.17K | |||
| Sale of Property, Plant & Equipment | 192.00K | 192.00K | 13.18K | |||
| Cash Acquisitions | 394.79K | |||||
| Divestitures | -167.77K | -167.77K | ||||
| Sale (Purchase) of Intangibles | -1.12M | -1.12M | -1.52M | |||
| Investment in Securities | -293.53K | -293.53K | -371.92K | -50.00K | ||
| Other Investing Activities | -3.29M | -3.29M | ||||
| Investing Cash Flow | -4.68M | -4.68M | -2.04M | -140.81K | -139.39K | |
| Short-Term Debt Issued | 2.55M | 2.55M | 2.83M | 165.65K | 1.98M | |
| Long-Term Debt Issued | 13.93M | 13.93M | 8.36M | 6.95M | 5.02M | 13.03M |
| Total Debt Issued | 16.48M | 16.48M | 8.36M | 9.78M | 5.19M | 15.01M |
| Short-Term Debt Repaid | -2.55M | -2.55M | -833.60K | -3.84M | -2.24M | -1.82M |
| Long-Term Debt Repaid | -7.38M | -7.38M | -10.20M | -12.00M | -8.60M | -487.81K |
| Total Debt Repaid | -9.93M | -9.93M | -11.03M | -15.84M | -10.84M | -2.31M |
| Net Debt Issued (Repaid) | 6.54M | 6.54M | -2.67M | -6.05M | -5.65M | 12.71M |
| Issuance of Common Stock | 4.63M | |||||
| Repurchase of Common Stock | -41.76K | -41.76K | ||||
| Other Financing Activities | -325.00K | -975.00K | -1.50M | -796.03K | ||
| Financing Cash Flow | 6.50M | 6.50M | -3.00M | -2.40M | -7.15M | 11.91M |
| Foreign Exchange Rate Adjustments | 65.73K | 65.73K | 250.85K | -124.08K | -3.14K | 717.00 |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | 1.72M | 1.72M | -5.37M | 3.64M | 1.91M | -4.83M |
| Free Cash Flow | -163.47K | -163.47K | -742.77K | 6.16M | 9.07M | -17.09M |
| Free Cash Flow Margin | -0.82% | -0.82% | -1.18% | 7.16% | 10.20% | -21.52% |
| Levered Free Cash Flow | -1.60M | -1.60M | 656.87K | 8.29M | 13.39M | -15.90M |
| Unlevered Free Cash Flow | -1.46M | -1.46M | 803.59K | 8.54M | 13.84M | -15.78M |
| Cash Interest Paid | 185.57K | 185.57K | 323.08K | 308.59K | ||
| Cash Income Tax Paid | 55.00K | 1.85M | ||||
| Change in Working Capital | 1.97M | 1.97M | 482.87K | 4.07M | 13.49M | -19.55M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 186.23K | 1.41M | 20.26M | 66.42M | 32.70M | 32.21M |
| Enterprise Value | 5.36M | 8.39M | 26.25M | 76.74M | 49.85M | 54.18M |
| Last Close Price | 1.77 | 231.12 | 16,757.30 | 53,913.67 | 28,512.03 | 28,252.83 |
| PE Ratio | 21.22 | |||||
| Forward PE | 10.15 | 10.15 | 69.33 | 7.44 | 6.81 | |
| PS Ratio | 0.01 | 0.07 | 0.32 | 0.77 | 0.37 | 0.41 |
| PB Ratio | 0.00 | 0.08 | 1.11 | 2.89 | 1.57 | 0.99 |
| P/TBV Ratio | 0.02 | 0.12 | 1.80 | 4.05 | 2.41 | 1.51 |
| P/FCF Ratio | 10.78 | 3.60 | ||||
| P/OCF Ratio | 10.78 | 3.55 | ||||
| PEG Ratio | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | |
| EV/Sales Ratio | 0.27 | 0.42 | 0.41 | 0.89 | 0.56 | 0.68 |
| EV/EBITDA Ratio | 20.92 | |||||
| EV/EBIT Ratio | 23.44 | |||||
| EV/FCF Ratio | 12.45 | 5.50 | ||||
| Debt / Equity Ratio | 0.33 | 0.33 | 0.44 | 0.56 | 0.96 | 0.83 |
| Debt / EBITDA Ratio | 4.95 | 7.01 | ||||
| Debt / FCF Ratio | 2.09 | 2.21 | ||||
| Net Debt / Equity Ratio | 0.31 | 0.31 | 0.35 | 0.24 | 0.78 | 0.77 |
| Net Debt / EBITDA Ratio | -0.49 | -0.49 | -1.14 | -33.08 | -1.70 | 9.65 |
| Net Debt / FCF Ratio | -31.68 | -31.68 | -8.53 | 0.89 | 1.80 | -1.46 |
| Asset Turnover | 0.62 | 0.62 | 1.45 | 1.54 | 1.28 | 1.39 |
| Inventory Turnover | 3.92 | 3.92 | 3.84 | 3.08 | 2.12 | 2.12 |
| Quick Ratio | 0.67 | 0.67 | 0.54 | 0.93 | 0.77 | 0.85 |
| Current Ratio | 1.47 | 1.47 | 1.34 | 1.47 | 1.77 | 2.41 |
| Return on Equity (ROE) | -76.15% | -76.15% | -25.91% | -7.03% | -44.97% | 5.24% |
| Return on Assets (ROA) | -22.04% | -22.04% | -9.10% | -1.08% | -9.40% | 2.53% |
| Return on Invested Capital (ROIC) | -49.22% | -48.76% | -23.82% | -2.93% | -22.04% | 4.31% |
| Return on Capital Employed (ROCE) | -52.50% | -52.50% | -29.90% | -3.50% | -28.40% | 4.20% |
| Earnings Yield | -6,240.77% | -821.41% | -24.52% | -2.30% | -36.59% | 4.71% |
| FCF Yield | -87.78% | -11.55% | -3.67% | 9.28% | 27.74% | -53.05% |