iPower Inc. (IPW) Financial Statements
Industry: Building Materials, Hardware, Garden Supply (Retail)
In fiscal 2026, iPower reported revenue of $20.0M, down 69.8% from $66.1M the year before. Net income was -$11.6M (a -58.2% net margin), or -$0.35 per diluted share. Gross margin was 20.2% and operating margin was -72.3%. Operating activities generated -$163,466 of cash. At fiscal year end, iPower held $29.0M in total assets against $12.0M in total liabilities, including $478,042 of cash and equivalents.
Open the full interactive iPower financials → Quarterly statements, key ratios, valuation history and price charts.
iPower Key Stats
| Share Price | $0.54 |
|---|---|
| Market Cap | $18.0M |
| Revenue YoY Growth | -69.8% |
| 52-Week Range | $0.54 – $2,095.20 |
| Shares Outstanding | 33.7 million (basic, 2026 Q4) |
iPower Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $54.1M | $79.4M | $88.9M | $86.1M | $66.1M | $20.0M |
| Cost of Goods Sold | — | — | — | — | — | $0 |
| Gross Profit | $22.8M | $33.2M | $34.8M | $39.3M | $29.0M | $4.0M |
| Operating Income | $3.0M | $2.3M | -$13.5M | -$962,892 | -$5.9M | -$14.4M |
| Pre-Tax Income | -$8,987 | $2.1M | -$14.7M | -$1.8M | -$6.2M | -$16.5M |
| Income Tax | $766,762 | $558,975 | -$2.7M | -$251,365 | -$1.3M | -$3.1M |
| Net Income | -$775,749 | $1.5M | -$12.0M | -$1.5M | -$5.0M | -$11.6M |
| Diluted EPS | -$86.40 | $108.00 | -$870.48 | -$108.00 | -$345.60 | -$0.35 |
iPower Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $12.0M | $7.1M | $3.5M | — |
| Net Income | -$533,648 | -$1.2M | -$3.5M | -$6.4M |
| Diluted EPS | -$36.72 | -$77.76 | -$171.36 | -$0.19 |
iPower Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.7M | $1.8M | $3.7M | $7.4M | $1.8M | $478,042 |
| Current Assets | $32.3M | $55.2M | $41.3M | $35.0M | $19.4M | $10.6M |
| Total Assets | $35.6M | $78.6M | $60.1M | $51.3M | $35.6M | $29.0M |
| Current Liabilities | $9.0M | $22.9M | $23.3M | $23.8M | $14.5M | $7.3M |
| Total Long-Term Debt | $458,571 | $14.1M | $9.8M | — | — | $2.7M |
| Total Liabilities | $10.7M | $46.2M | $39.2M | $28.3M | $17.4M | $12.0M |
| Shareholders' Equity | $25.0M | $32.4M | $20.9M | $23.0M | $18.3M | $16.9M |
iPower Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$12.8M | -$16.6M | $9.2M | $6.2M | -$579,187 | -$163,466 |
| Cash From Investing | -$61,498 | -$139,386 | -$140,813 | $0 | -$2.0M | -$4.7M |
| Cash From Financing | $18.5M | $11.9M | -$7.2M | -$2.4M | -$3.0M | $6.5M |
| Free Cash Flow | -$12.8M | -$17.1M | $9.1M | $6.2M | -$742,775 | -$163,466 |
Figures from iPower's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full iPower financials page for every line item.
iPower Company Profile
| Ticker | IPW |
|---|---|
| Exchange | Nasdaq |
| Industry | Building Materials, Hardware, Garden Supply (Retail) |
| Headquarters | Rancho Cucamonga, California |
| Incorporated in | Nevada |
| Fiscal Year End | June 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001830072 |
Frequently Asked Questions
What was iPower's revenue in fiscal 2026?
iPower (IPW) reported revenue of $20.0M for fiscal 2026.
What is iPower's annual revenue history?
iPower's annual revenue by fiscal year: 2021: $54.1M; 2022: $79.4M; 2023: $88.9M; 2024: $86.1M; 2025: $66.1M; 2026: $20.0M.
What was iPower's net income in fiscal 2026?
iPower reported net income of -$11.6M for fiscal 2026.
What was iPower's earnings per share (EPS) in fiscal 2026?
iPower's diluted EPS was -$0.35 for fiscal 2026 (adjusted for any later stock splits).
How much debt does iPower have?
iPower reported $2.7M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of iPower are outstanding?
iPower reported a weighted average of 33.7 million basic shares outstanding in 2026 Q4.
What is iPower's market cap?
Based on its latest closing price, iPower (IPW) has a market capitalization of about $18.0M.
When does iPower's fiscal year end?
iPower's fiscal year end, as registered with the SEC, is June 30.
Where is iPower headquartered?
iPower lists its business address in Rancho Cucamonga, California in its SEC filings.