iPower (IPW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Oct 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IPW SEC filings page.
iPower, Inc. (IPW) reported $20.0M in revenue for fiscal year 2026, down 68.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business has shrunk sharply while fixed operating costs now overwhelm a much thinner gross-profit base.
From FY2024 to FY2026, revenue fell76.8% while operating profit margin fell71.2 percentage points . The latest loss therefore reflects costs that did not contract with the smaller business, rather than merely weaker sales.
FY2026 net loss reached
Reported liquidity equaled 35.1 months of latest annual outflow, while the current ratio was 1.5x; this indicates short-term coverage, not operating profitability. Financing inflows of
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of iPower, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
iPower, Inc. held $478K in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $163K of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and iPower, Inc. scores 62/100 among other emerging companies.
iPower, Inc. had 1M shares outstanding at the end of fiscal year 2026. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and iPower, Inc. scores 98/100 among other emerging companies.
Not available for iPower, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
iPower, Inc. reported revenue of $20.0M in fiscal year 2026, against $63.2M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and iPower, Inc. scores 6/100 among other emerging companies.
Not available for iPower, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
iPower, Inc.'s cash, cash equivalents and investments came to $478K at the end of fiscal year 2026, against $12.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and iPower, Inc. scores 9/100 among other emerging companies.
iPower, Inc. scores -2.08, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $14.4M against total assets of $29.0M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
iPower, Inc. passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
iPower, Inc. reported a net loss of $11.6M while operations used $163K of cash. With neither figure positive, the ratio between the two carries no quality signal.
iPower, Inc. reported an operating loss of $14.4M against $132K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2026.
Cash & Balance Sheet
iPower, Inc. held $478K in cash against $2.7M in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
None of these metrics is reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
IPW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $3.5M-78.2% | $7.1M-62.6% | $12.0M-36.8% | $9.1M-53.2% | $16.0M-31.2% | $19.1M+13.5% | $19.0M-28.3% |
| Cost of Revenue | N/A | $2.7M-70.1% | $4.0M-62.6% | $7.2M-31.5% | -$30.3M-381.5% | $9.2M-29.0% | $10.7M+12.7% | $10.5M-28.7% |
| Gross Profit | N/A | $756K-89.0% | $3.1M-62.6% | $4.8M-43.4% | $3.6M-58.1% | $6.9M-33.9% | $8.4M+14.6% | $8.5M-27.8% |
| SG&A Expenses | N/A | N/A | $2.5M-18.7% | $1.3M-75.2% | $2.3M-19.1% | $1.9M-42.4% | $3.1M+4.9% | $5.3M+79.5% |
| Operating Income | N/A | -$1.1Mn/m | -$2.4M-456.6% | -$1.7Mn/m | -$3.9M-412.9% | -$335K-120.9% | $684Kn/m | -$2.7Mn/m |
| EBITDA | N/A | -$961Kn/m | -$2.2M-354.7% | -$1.5Mn/m | -$3.7M-357.2% | -$141K-107.8% | $880Kn/m | -$2.5Mn/m |
| Interest Expense | N/A | $0-100.0% | $70K-49.9% | $62K-53.0% | $74K-61.0% | $82K-54.6% | $140K-9.3% | $131K-39.1% |
| Income Tax | N/A | -$327K-5230.5% | -$821K-780.9% | -$464Kn/m | -$839K-349.4% | $6K-98.3% | $121Kn/m | -$637Kn/m |
| Net Income | N/A | -$3.5Mn/m | -$1.2M-645.3% | -$534Kn/m | -$2.8M-528.0% | -$345K-134.0% | $219Kn/m | -$2.0Mn/m |
| EPS (Basic) | N/A | -$2.38n/m | -$1.08 | -$0.51n/m | -$0.09-550.0% | -$0.33 | $0.21 | -$1.94 |
| EPS (Diluted) | N/A | -$2.38n/m | -$1.08 | -$0.51n/m | -$0.09-550.0% | -$0.33 | $0.21 | -$1.94 |
| Diluted Shares (Avg) | N/A | 1M+38.7% | 1M | 1M+0.2% | N/A | 1M | 1M | 1M |
Not reported in any period shown, so not listed: R&D Expenses.
IPW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.0M-18.7% | $31.3M-22.7% | $34.0M-22.5% | $28.6M-32.6% | $35.6M-30.5% | $40.5M-19.7% | $43.9M-10.6% | $42.4M-17.8% |
| Current Assets | $10.6M-45.0% | $14.5M-41.6% | $14.7M-48.0% | $11.8M-55.1% | $19.4M-44.7% | $24.8M-25.0% | $28.3M-7.3% | $26.3M-19.8% |
| Cash & Equivalents | $478K-71.5% | $714K-67.4% | $2.0M-30.1% | $904K-64.9% | $1.7M-76.8% | $2.2M-19.2% | $2.9M+93.4% | $2.6M-5.6% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $0-100.0% | $2.5M-74.0% | $3.6M-60.7% | $4.3M-50.0% | $8.1M-22.9% | $9.8M-17.7% | $9.2M-41.8% | $8.7M-42.4% |
| Accounts Receivable | $4.4M-28.6% | $7.1M-30.6% | $5.2M-62.9% | $5.1M-58.4% | $6.1M-58.5% | $10.2M-39.6% | $13.9M+18.4% | $12.3M-7.2% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $0-100.0% | $0-100.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% |
| Total Liabilities | $12.0M-30.6% | $14.2M-28.5% | $16.0M-27.8% | $10.7M-49.8% | $17.4M-38.6% | $19.8M-37.1% | $22.2M-29.2% | $21.3M-33.3% |
| Current Liabilities | $7.3M-49.7% | $6.6M-49.0% | $8.0M-44.7% | $8.1M-42.8% | $14.5M-39.2% | $12.9M-51.1% | $14.5M-43.8% | $14.2M-32.7% |
| Non-Current Liabilities | $4.8M+64.0% | $7.6M+10.4% | $8.0M+4.4% | $2.6M-63.9% | $2.9M-35.4% | $6.8M+38.2% | $7.7M+39.1% | $7.1M-34.7% |
| Long-Term Debt | $2.7Mn/m | $4.5M | $4.4M | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $17.0M-7.3% | $17.2M-17.2% | $18.0M-17.1% | $18.0M-15.2% | $18.3M-20.5% | $20.8M+9.3% | $21.7M+22.3% | $21.2M+7.4% |
| Retained Earnings | -$26.8Mn/m | -$20.4Mn/m | -$16.9Mn/m | -$15.7Mn/m | -$15.2Mn/m | -$12.4Mn/m | -$12.0Mn/m | -$12.3Mn/m |
IPW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$594Kn/m | -$334K-137.6% | -$923K-3428.5% | $1.7Mn/m | -$79K-107.8% | $888K+735.7% | $28K-97.2% | -$1.4M-134.9% |
| Depreciation & Amortization | $182K-5.8% | $183K-5.5% | $198K+0.8% | $198K+0.8% | $193K-1.8% | $194K-1.5% | $196K-2.3% | $197K-2.6% |
| Stock-Based Compensation | N/A | N/A | N/A | $150K-27.1% | N/A | N/A | N/A | $206K+74.7% |
| Investing Cash Flow | $989Kn/m | -$77Kn/m | -$4.6Mn/m | -$1.0Mn/m | -$522Kn/m | -$856Kn/m | -$462Kn/m | -$202Kn/m |
| Financing Cash Flow | $2.6M+1412.0% | -$884Kn/m | $6.6M+779.8% | -$1.8Mn/m | $170K-95.4% | -$611K-156.8% | $750Kn/m | -$3.3Mn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
IPW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 21.6%-21.1pp | 44.0%0.0pp | 40.0%-4.6pp | 40.0%-4.6pp | 42.7%-1.7pp | 44.0%+0.4pp | 44.6%+0.3pp |
| Operating Margin | N/A | -32.7%-30.6pp | -34.2%-37.8pp | -14.1%+0.3pp | -43.2%-49.7pp | -2.1%-9.0pp | 3.6%+18.8pp | -14.4%-9.7pp |
| Net Margin | N/A | -98.8%-96.6pp | -16.7%-17.9pp | -4.4%+6.2pp | -30.9%-34.3pp | -2.1%-6.5pp | 1.1%+12.6pp | -10.7%-5.8pp |
| Return on Equity | N/A | -20.1%-18.4pp | -6.6%-7.6pp | -3.0%+6.6pp | -15.4%-18.2pp | -1.7%-7.0pp | 1.0%+11.8pp | -9.6%-3.1pp |
| Return on Assets | N/A | -11.0%-10.2pp | -3.5%-4.0pp | -1.9%+2.9pp | -7.9%-9.2pp | -0.9%-2.9pp | 0.5%+4.4pp | -4.8%-2.3pp |
| Current Ratio | 1.47+0.1x | 2.20+0.3x | 1.83-0.1x | 1.46-0.4x | 1.34-0.1x | 1.92+0.7x | 1.95+0.8x | 1.86+0.3x |
| Debt-to-Equity | 0.16+0.2x | 0.26 | 0.24 | N/A | 0.00 | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.71-0.2x | 0.82-0.1x | 0.89-0.1x | 0.59-0.4x | 0.95-0.3x | 0.95-0.7x | 1.02-0.7x | 1.00-0.6x |
| Asset Turnover | N/A | 0.11-0.3x | 0.21-0.2x | 0.420.0x | 0.26-0.1x | 0.40-0.1x | 0.43+0.1x | 0.45-0.1x |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| iPower, Inc. IPW | FY2026 | $20.0M | -$11.6M | -58.2% | $647K | 44/100 |
| NFT Limited MI | FY2025 | $726K | -$1.4M | N/A | $37.5M | — |
| Yunji Inc. YJ | FY2025 | $45.3M | -$19.1M | -42.0% | $6.3M | 61/100 |
| MOGU Inc. MOGU | FY2026 | $18.2M | $267K | 1.5% | $16.1M | 22/100 |
| Meiwu Technology Company Limited WNW | FY2025 | $7.1M | -$18.6M | N/A | $54.8M | 60/100 |
Where iPower, Inc. Ranks
Frequently Asked Questions
What is iPower, Inc.'s annual revenue?
iPower, Inc. (IPW) reported $20.0M in total revenue for fiscal year 2026. This represents a -68.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is iPower, Inc.'s revenue growing?
iPower, Inc. (IPW) revenue declined by 68.4% year-over-year, from $63.2M to $20.0M in fiscal year 2026.
Is iPower, Inc. profitable?
No, iPower, Inc. (IPW) reported a net loss of $11.6M in fiscal year 2026, with a net profit margin of -58.2%.
What is iPower, Inc.'s EBITDA?
iPower, Inc. (IPW) had EBITDA of -$13.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does iPower, Inc. have?
As of fiscal year 2026, iPower, Inc. (IPW) had $478K in cash and equivalents against $2.7M in long-term debt.
What is iPower, Inc.'s gross margin?
iPower, Inc. (IPW) had a gross margin of 20.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is iPower, Inc.'s operating margin?
iPower, Inc. (IPW) had an operating margin of -72.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is iPower, Inc.'s net profit margin?
iPower, Inc. (IPW) had a net profit margin of -58.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is iPower, Inc.'s return on equity (ROE)?
iPower, Inc. (IPW) has a return on equity of -68.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is iPower, Inc.'s free cash flow?
iPower, Inc. (IPW) recorded an outflow of $163K in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is iPower, Inc.'s operating cash flow?
iPower, Inc. (IPW) recorded an outflow of $163K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are iPower, Inc.'s total assets?
iPower, Inc. (IPW) had $29.0M in total assets as of fiscal year 2026, including both current and long-term assets.
What are iPower, Inc.'s capital expenditures?
iPower, Inc. (IPW) reported no capital expenditure during fiscal year 2026.
What is iPower, Inc.'s current ratio?
iPower, Inc. (IPW) had a current ratio of 1.47 as of fiscal year 2026, which is considered adequate.
What is iPower, Inc.'s debt-to-equity ratio?
iPower, Inc. (IPW) had a debt-to-equity ratio of 0.16 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is iPower, Inc.'s liabilities-to-equity ratio?
iPower, Inc. (IPW) had a liabilities-to-equity ratio of 0.71 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is iPower, Inc.'s return on assets (ROA)?
iPower, Inc. (IPW) had a return on assets of -40.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is iPower, Inc.'s P/E ratio?
iPower, Inc. (IPW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $647K as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is iPower, Inc.'s price-to-sales ratio?
iPower, Inc. (IPW) trades at 0.0x sales, its market capitalization divided by $20.0M revenue, FY2026. The market capitalization is $647K as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does iPower, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, iPower, Inc. (IPW) held $478K in cash, cash equivalents and investments, and reported an operating cash outflow of $163K over that year. Dividing the one by the other, the reported balance equals about 35 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is iPower, Inc.'s Altman Z-Score?
iPower, Inc. (IPW) has an Altman Z-Score of -2.08, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is iPower, Inc.'s Piotroski F-Score?
iPower, Inc. (IPW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are iPower, Inc.'s earnings high quality?
iPower, Inc. (IPW) reported a net loss of $11.6M while operations used $163K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can iPower, Inc. cover its interest payments?
iPower, Inc. (IPW) reported an operating loss of $14.4M against $132K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is iPower, Inc.?
iPower, Inc. (IPW) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For iPower, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.