Here are the 10-K annual reports from Ispire Technology Inc. (ISPR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ISPR 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 ISPR filings page.
Ispire Technology Inc. (ISPR) reported a sharp revenue decline and continued losses for the year ended June 30, 2026. Revenue fell 24.7% to $96.0 million, driven by weaker vaping hardware demand in the U.S., Europe and Asia Pacific, tighter U.S. credit terms, and regulatory uncertainty in Europe.
Gross profit dropped 45.7% to $12.3 million as gross margin compressed from 17.8% to 12.8%, hurt by competitive pricing, a shift away from higher-margin cannabis hardware (down from 29.0% to 16.6% of revenue), and higher inventory write-downs. Net loss narrowed to $33.2 million from $39.2 million, aided by a 25.8% reduction in operating expenses.
The company ended June 30, 2026 with modest working capital of $0.8 million, a small operating cash outflow of $0.6 million, and $53.6 million of non-affiliate equity market value as of December 31, 2025. Management discloses that internal control over financial reporting remained ineffective due to a material weakness in information technology general controls, though earlier weaknesses were remediated.
Ispire Technology Inc. (ISPR) reported a widening net loss of $39.24 million for the year ended June 30, 2025, compared with a $14.77 million loss the prior year, driven largely by higher operating expenses and a $22.03 million provision for expected credit losses. Weighted average shares outstanding were about 56.85 million, producing a net loss per share of $0.69.
The company generated material regional revenue, including $32.57 million in North America and $12.27 million in Asia Pacific for the most recent year. Material balance-sheet items include $39.66 million of current accounts receivable (with $7.37 million reclassified to noncurrent), $52.42 million payable to related-party supplier Shenzhen Yi Jia, and $25.00 million other liabilities. The filing discloses related-party control: founders and their affiliates own a majority stake and the chairman beneficially owns 95% of a key supplier.