Every 10-Q that Ipower Inc (IPW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IPW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IPW filings page.
iPower Inc. reported sharply lower revenues and a larger loss for the quarter ended March 31, 2026. Total revenue was $3.5 million for the quarter and $18.5 million for the nine-month period, compared with $16.0 million and $52.6 million a year earlier. The company posted a quarterly net loss attributable to iPower of $3.45 million and a nine-month net loss of $5.18 million, driven by weaker gross profit, higher interest expense and a $3.03 million goodwill impairment.
iPower closed the period with $713,685 in cash and cash equivalents and total assets of $31.3 million, down from $35.6 million at June 30, 2025, while inventories fell to $2.54 million. The company issued and partially converted senior secured convertible notes, creating a $4.47 million convertible note payable and a $1.26 million derivative liability. It also purchased Bitcoin and Ethereum totaling $2.21 million in cost basis, recognizing an unrealized loss of $544,173.
During the period iPower sold its Global Product Marketing business, treating it as discontinued operations, and recorded a loss on disposal of $1.82 million but a total after-tax gain from discontinued operations of $1.41 million for the nine months. Common shares outstanding increased from 1,045,330 to 1,773,999, mainly from conversions of notes and equity compensation. Stockholders’ equity declined modestly to $17.2 million, while total liabilities more than doubled on new convertible debt.
iPower Inc. reported a difficult quarter for the three months ended December 31, 2025, as total revenue fell to $7.1M from $19.1M a year earlier, driven by a sharp drop in product sales. Gross profit declined to $3.1M, and the company swung from prior operating income to an operating loss of $2.4M, resulting in a net loss attributable to iPower of $1.2M versus net income of $0.2M last year.
For the six-month period, revenue dropped to $19.2M from $38.1M, while net loss was $1.7M, similar to the prior-year loss. iPower generated $0.8M of operating cash but used $5.6M in investing, mainly to acquire $2.2M of Bitcoin and Ethereum and fund software and joint ventures. It raised $6.0M net through new senior secured convertible notes with an embedded derivative liability of $1.4M, repaid its asset-based revolver, and ended the period with $2.0M in cash, $2.2M in digital assets, and reduced inventories of $3.6M.
iPower Inc. (IPW) filed its quarterly report for the three months ended September 30, 2025. Total revenue was $12,017,467 versus $19,008,521 a year ago, reflecting lower product sales, partly offset by higher service income. Gross profit was $4,806,524 compared with $8,487,897. The company reported a net loss of $533,648, improving from a $2,032,117 loss, with losses per share of $0.51 versus $1.94.
Operating expenses fell sharply as general and administrative expenses decreased to $1,321,513 from $5,319,523, and selling and fulfillment costs declined to $5,180,190 from $5,914,808. Operating cash flow turned positive at $1,686,463, aided by inventory and receivables reductions; cash ended at $903,975. Inventories decreased to $4,332,605 from $8,131,203.
The company deconsolidated a variable interest entity on August 4, 2025, recording a $39,624 loss. As of September 30, 2025, the asset-based revolving loan balance was $1,449,438, and the company was in default due to covenant violations. Common shares outstanding were 1,049,799 as of November 14, 2025.