iPower Reports Fiscal First Quarter 2026 Results
iPower (Nasdaq: IPW) reported fiscal Q1 2026 results for the quarter ended September 30, 2025. Total revenue was $12.0 million versus $19.0 million year‑ago. Gross profit was $4.8 million with a 40.0% gross margin versus $8.5 million and 44.7% a year earlier. Services income rose to $1.5 million (more than 2x). Operating expenses fell 42% to $6.5 million. Net loss attributable to iPower improved to $0.5 million, or $(0.51) per share, versus a $2.1 million loss, or $(1.94) per share, year‑ago. Cash was $0.9 million and total debt was reduced 48% to $1.9 million as of September 30, 2025.
Management cited cost optimization, a diversified domestic supply chain, scaling U.S. joint‑venture manufacturing, and a Digital Asset Strategy as priorities going forward.
iPower (Nasdaq: IPW) ha riportato i risultati del primo trimestre fiscale 2026 per il periodo terminato il 30 settembre 2025. Il fatturato totale è stato di 12,0 milioni di dollari rispetto a 19,0 milioni di dollari nello stesso periodo dell'anno precedente. Utile lordo è stato di 4,8 milioni di dollari con un margine lordo del 40,0% rispetto a 8,5 milioni di dollari e al 44,7% un anno prima. Ricavi da servizi sono aumentati a 1,5 milioni di dollari (più del doppio). Spese operative sono diminuite del 42% a 6,5 milioni di dollari. Perdita netta attribuibile a iPower è migliorata a 0,5 milioni di dollari, ovvero (0,51) dollari per azione, rispetto a una perdita di 2,1 milioni di dollari, ovvero (1,94) dollari per azione, nello stesso periodo dell'anno precedente. Cassa era di 0,9 milioni di dollari e debito totale ridotto del 48% a 1,9 milioni di dollari al 30 settembre 2025.
La direzione ha citato come priorità l'ottimizzazione dei costi, una catena di fornitura domestica diversificata, la scalabilità della produzione congiunta statunitense e una Digital Asset Strategy (Strategia degli asset digitali) per il futuro.
iPower (Nasdaq: IPW) reportó los resultados del primer trimestre fiscal de 2026 para el trimestre finalizado el 30 de septiembre de 2025. Los ingresos totales fueron de 12,0 millones de dólares frente a 19,0 millones de dólares en el año anterior. La utilidad bruta fue de 4,8 millones de dólares con un margen bruto del 40,0% frente a 8,5 millones de dólares y 44,7% un año antes. Los ingresos por servicios aumentaron a 1,5 millones de dólares (más del doble). Los ingresos operativos cayeron un 42% a 6,5 millones de dólares. La pérdida neta atribuible a iPower mejoró a 0,5 millones de dólares, o (0,51) por acción, frente a una pérdida de 2,1 millones de dólares, o (1,94) por acción, año anterior. Efectivo era de 0,9 millones de dólares y la deuda total se redujo un 48% a 1,9 millones de dólares al 30 de septiembre de 2025.
La dirección citó como prioridades la optimización de costos, una cadena de suministro nacional diversificada, escalar la fabricación conjunta en Estados Unidos y una Estrategia de activos digitales como prioridades para el futuro.
아이파워(Nasdaq: IPW)는 2025년 9월 30일 종료된 2026 회계연도 1분기 실적을 보고했습니다. 총매출은 전년동기 대비 1,200만 달러로, 1년 전 1,900만 달러였습니다. 총이익은 4.8백만 달러로 40.0%의 총 이익률을 기록했고, 전년 동기에는 8.5백만 달러와 44.7%였습니다. 서비스 수익은 150만 달러로 두 배 이상 증가했습니다. 영업비용은 42% 감소하여 650만 달러가 되었습니다. 순손실은 iPower에 귀속되는 금액이 50만 달러로 개선되었으며 주당 0.51달러의 손실(주당 -0.51달러)로 나타났고, 전년 동기에는 210만 달러의 손실 혹은 주당 1.94달러의 손실이었습니다. 현금은 90만 달러였고 총부채는 48% 감소하여 190만 달러로 2025년 9월 30일 기준으로 나타났습니다.
경영진은 비용 최적화, 국내 다변화된 공급망, 미국 합작 제조의 규모화, 그리고 디지털 자산 전략을 향후의 우선순위로 꼽았습니다.
iPower (Nasdaq : IPW) a publié les résultats du premier trimestre fiscal 2026 pour le trimestre clos le 30 septembre 2025. Le chiffre d'affaires total était de 12,0 millions de dollars, contre 19,0 millions de dollars l'année précédente. Le bénéfice brut était de 4,8 millions de dollars avec une marge brute de 40,0% contre 8,5 millions et 44,7% l'année précédente. Les revenus de services ont augmenté à 1,5 million de dollars (plus du double). Les charges d'exploitation ont chuté de 42% à 6,5 millions de dollars. La perte nette attribuable à iPower s'est améliorée à 0,5 million de dollars, soit (0,51) dollar par action, contre une perte de 2,1 millions de dollars, ou (1,94) dollar par action, l'année précédente. La trésorerie était de 0,9 million de dollars et la dette totale a été réduite de 48% à 1,9 million de dollars au 30 septembre 2025.
La direction a cité comme priorités l'optimisation des coûts, une chaîne d'approvisionnement nationale diversifiée, la montée en puissance de la fabrication conjointe américaine et une Digital Asset Strategy comme priorités pour l'avenir.
iPower (Nasdaq: IPW) meldete die Ergebnisse des Geschäftsjahres Q1 2026 für das Quartal, das am 30. September 2025 endete. Gesamtumsatz betrug 12,0 Mio. USD gegenüber 19,0 Mio. USD im Vorjahr. Bruttogewinn betrug 4,8 Mio. USD bei einer Bruttomarge von 40,0% gegenüber 8,5 Mio. USD und 44,7% im Vorjahr. Dienstleistungsumsatz stieg auf 1,5 Mio. USD (mehr als das Doppelte). Betriebsaufwendungen sanken um 42% auf 6,5 Mio. USD. Nettoverlust von iPower verbesserte sich auf 0,5 Mio. USD bzw. (0,51) USD je Aktie gegenüber einem Verlust von 2,1 Mio. USD bzw. (1,94) USD je Aktie im Vorjahr. Barbestand betrug 0,9 Mio. USD und Gesamtverschuldung wurde bis zum 30. September 2025 um 48% auf 1,9 Mio. USD reduziert.
Management nannte Kostenoptimierung, eine diversifizierte nationale Lieferkette, die Skalierung der US-Gemeinschaftsproduktion und eine Digital Asset Strategy als Prioritäten für die Zukunft.
iPower (ناسداك: IPW) أبلغت عن نتائج الربع الأول من السنة المالية 2026 للربع المنتهي في 30 سبتمبر 2025. الإيرادات الإجمالية بلغت 12.0 مليون دولار مقابل 19.0 مليون دولار في العام السابق. الربح الإجمالي كان 4.8 مليون دولار مع هامش إجمالي قدره 40.0% مقابل 8.5 مليون دولار و44.7% في العام السابق. دخل الخدمات ارتفع إلى 1.5 مليون دولار (أكثر من الضعف). المصاريف التشغيلية انخفضت بنسبة 42% إلى 6.5 مليون دولار. الخسارة الصافية المنسوبة إلى iPower تحسّنت لتصل إلى 0.5 مليون دولار، أو (0.51) دولار للسهم، مقابل خسارة قدرها 2.1 مليون دولار، أو (1.94) دولار للسهم، في العام السابق. النقد كان 0.9 مليون دولار وإجمالي الدين خُفض بنسبة 48% إلى 1.9 مليون دولار كما في 30 سبتمبر 2025.
أشارت الإدارة إلى الأولويات التالية: تحسين التكاليف، سلسلة إمداد محلية متعددة التنوع، توسيع التصنيع المشترك في الولايات المتحدة واستراتيجية الأصول الرقمية كأولويات للمضي قدماً.
- Services income >2x to $1.5M in Q1 2026
- Operating expenses down 42% to $6.5M
- Net loss improved to $0.5M (Q1 2026)
- Total debt reduced 48% to $1.9M as of 9/30/2025
- Total revenue down from $19.0M to $12.0M year‑over‑year
- Gross profit declined from $8.5M to $4.8M
- Gross margin fell 4.7 percentage points to 40.0%
- Cash and equivalents decreased to $0.9M from $2.0M
Insights
Mixed fiscal Q1: revenue and gross profit fell, but operating expense cuts, smaller net loss, and large debt paydown show improving financial discipline.
iPower reported total revenue of
The company materially reduced leverage, cutting total debt by
Watch near term for quarterly revenue trends and whether services/SuperSuite growth offsets concentration risk within the next two quarters and for any announced milestones on the Digital Asset Strategy implementation; also monitor cash and debt levels at the next reported period around
RANCHO CUCAMONGA, Calif., Nov. 14, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a data and technology driven e-commerce retailer and infrastructure company, today announced its financial results for the fiscal first quarter ended September 30, 2025.
Fiscal Q1 2026 Results vs. Year-Ago Quarter
- Total revenue was
$12.0 million compared to$19.0 million , with services income up more than 2x to$1.5 million . - Gross profit was
$4.8 million compared to$8.5 million , with gross margin of40.0% compared to44.7% . - Net loss attributable to iPower improved to
$0.5 million or$(0.51) per share, compared to net loss attributable to iPower of$2.1 million or$(1.94) per share. - As of September 30, 2025, total debt was reduced by
48% to$1.9 million as compared to$3.7 million as of June 30, 2025.
Management Commentary
“Fiscal 2026 is off to a solid start as we are beginning to see the benefits of the strategic optimization initiatives we implemented last year,” said Lawrence Tan, CEO of iPower. “Our disciplined approach to cost management, including targeted reductions in operating expenses, contributed to a meaningful improvement in our bottom line for the quarter. These efficiencies, combined with our material reduction in debt obligations, underscore the progress we are making in strengthening the fundamentals of our business.”
“We are also seeing tangible benefits from our transition toward a more diversified and domestically anchored supply chain. The shift away from a China import–centric model has enhanced our logistical control, reduced exposure to tariff-related volatility, and improved our ability to respond quickly to customer demand. Additionally, our U.S. joint-venture manufacturing line continues to scale, supporting margin stability and providing a platform for long-term operational resilience.”
“Looking ahead, we remain focused on building a more efficient, agile, and profitable organization. As part of our Digital Asset Strategy, which remains subject to implementation, we aim to leverage our retail and e-commerce infrastructure to connect consumers with digital-asset products from licensed providers, broadening access and creating value for customers, partners, and shareholders. With a streamlined cost structure, strong operational momentum, and an expanding network of SuperSuite partners, we believe we are well positioned to drive sustainable growth and create long-term value for our shareholders.”
Fiscal First Quarter 2026 Financial Results
Total revenue in the fiscal first quarter of 2026 was
Gross profit in the fiscal first quarter of 2026 was
Total operating expenses in the fiscal first quarter of 2026 reduced by
Net loss attributable to iPower in the fiscal first quarter of 2026 improved to
Cash and cash equivalents were
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. iPower operates a nationwide fulfillment network and is expanding infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration. For more information, please visit www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's Annual Report on Form 10-K and in its other SEC filings, including its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Media & Investor Contact
| iPower Inc. and Subsidiaries | |||||||||||
| Unaudited Condensed Consolidated Balance Sheets | |||||||||||
| As of September 30, 2025 and June 30, 2025 | |||||||||||
| September 30, | June 30, | ||||||||||
| 2025 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalent | $ | 903,975 | $ | 2,007,890 | |||||||
| Accounts receivable, net | 5,106,192 | 6,124,008 | |||||||||
| Inventories, net | 4,332,605 | 8,131,203 | |||||||||
| Prepayments and other current assets, net | 1,491,528 | 3,111,210 | |||||||||
| Total current assets | 11,834,300 | 19,374,311 | |||||||||
| Non-current assets | |||||||||||
| Right of use - non-current | 3,603,165 | 3,915,539 | |||||||||
| Property and equipment, net | 350,972 | 390,349 | |||||||||
| Deferred tax assets, net | 3,916,706 | 3,724,462 | |||||||||
| Goodwill | 3,034,110 | 3,034,110 | |||||||||
| Investment in joint venture | 678,706 | 385,180 | |||||||||
| Intangible assets, net | 2,818,986 | 2,981,328 | |||||||||
| Other non-current assets | 2,355,349 | 1,837,488 | |||||||||
| Total non-current assets | 16,757,994 | 16,268,456 | |||||||||
| Total assets | $ | 28,592,294 | $ | 35,642,767 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Accounts payable, net | 3,603,377 | 7,180,009 | |||||||||
| Other payables and accrued liabilities | 1,176,041 | 1,893,921 | |||||||||
| Lease liability - current | 1,389,834 | 1,361,111 | |||||||||
| Short-term loan payable - related party | 500,000 | - | |||||||||
| Revolving loan payable, net | 1,449,438 | 3,737,602 | |||||||||
| Income taxes payable | - | 280,155 | |||||||||
| Total current liabilities | 8,118,690 | 14,452,798 | |||||||||
| Non-current liabilities | |||||||||||
| Lease liability - non-current | 2,556,104 | 2,913,967 | |||||||||
| Total non-current liabilities | 2,556,104 | 2,913,967 | |||||||||
| Total liabilities | 10,674,794 | 17,366,765 | |||||||||
| Commitments and contingency | - | - | |||||||||
| Stockholders' Equity | |||||||||||
| Preferred stock, | |||||||||||
| outstanding at September 30, 2025 and June 30, 2025 | - | - | |||||||||
| **Common stock, | |||||||||||
| 1,045,330 shares issued and outstanding at September 30, 2025 and June 30, 2025 | 1,050 | 1,045 | |||||||||
| Additional paid in capital | 33,631,399 | 33,481,201 | |||||||||
| Accumulated deficits | (15,732,537 | ) | (15,198,889 | ) | |||||||
| Non-controlling interest | (47,462 | ) | (47,462 | ) | |||||||
| Accumulated other comprehensive loss | 65,050 | 40,107 | |||||||||
| Total stockholders' equity | 17,917,500 | 18,276,002 | |||||||||
| Total liabilities and stockholders' equity | $ | 28,592,294 | $ | 35,642,767 | |||||||
| iPower Inc. and Subsidiaries | |||||||||
| Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss | |||||||||
| For the Three Months Ended September 30, 2025 and 2024 | |||||||||
| For the Three Months Ended September 30, | |||||||||
| 2025 | 2024 | ||||||||
| REVENUES | |||||||||
| Product sales | $ | 10,484,661 | $ | 18,275,412 | |||||
| Service income | 1,532,806 | 733,109 | |||||||
| Total revenues | 12,017,467 | 19,008,521 | |||||||
| COST OF REVENUES | |||||||||
| Product costs | 5,878,262 | 9,917,448 | |||||||
| Service costs | 1,332,681 | 603,176 | |||||||
| Total cost of revenues | 7,210,943 | 10,520,624 | |||||||
| GROSS PROFIT | 4,806,524 | 8,487,897 | |||||||
| OPERATING EXPENSES: | |||||||||
| Selling and fulfillment | 5,180,190 | 5,914,808 | |||||||
| General and administrative | 1,321,513 | 5,319,523 | |||||||
| Total operating expenses | 6,501,703 | 11,234,331 | |||||||
| LOSS FROM OPERATIONS | (1,695,179 | ) | (2,746,434 | ) | |||||
| OTHER INCOME (EXPENSE) | |||||||||
| Interest expenses | (61,719 | ) | (139,962 | ) | |||||
| Loss on equity method investment | - | (919 | ) | ||||||
| Loss on deconsolidation of VIE | (39,624 | ) | - | ||||||
| Other non-operating income (expenses) | 799,290 | 218,686 | |||||||
| Total other income, net | 697,947 | 77,805 | |||||||
| LOSS BEFORE INCOME TAXES | (997,232 | ) | (2,668,629 | ) | |||||
| PROVISION FOR INCOME TAX BENEFIT | (463,584 | ) | (636,512 | ) | |||||
| NET LOSS | (533,648 | ) | (2,032,117 | ) | |||||
| Non-controlling interest | - | (2,836 | ) | ||||||
| NET LOSS ATTRIBUTABLE TO IPOWER INC. | $ | (533,648 | ) | $ | (2,029,281 | ) | |||
| OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||
| Foreign currency translation adjustments | 24,943 | (55,054 | ) | ||||||
| COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC. | $ | (508,705 | ) | $ | (2,084,335 | ) | |||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK | |||||||||
| Basic | 1,049,595 | 1,047,240 | |||||||
| Diluted | 1,049,595 | 1,047,240 | |||||||
| LOSSES PER SHARE | |||||||||
| Basic | $ | (0.51 | ) | $ | (1.94 | ) | |||
| Diluted | $ | (0.51 | ) | $ | (1.94 | ) | |||
All share of common stock and per share numbers in the unaudited condensed consolidated financial statements have been adjusted retroactively to reflect the 1-for-30 reverse stock split effected on October 27, 2025, for all periods presented.
FAQ
What were iPower's total revenue and net loss for fiscal Q1 2026 (IPW)?
How much did iPower (IPW) reduce its debt by as of September 30, 2025?
Why did iPower's revenue decline in fiscal Q1 2026 (IPW)?
How did iPower's operating expenses change in fiscal Q1 2026 (IPW)?
What operational shifts did iPower report for fiscal 2026 (IPW)?
How much cash did iPower have on hand at September 30, 2025 (IPW)?
