For fiscal 2026 (ended Jun 30, 2026), iPower Inc. reported $19.96M of revenue and -$11.62M of net income.
IPW revenue was $1.43M in fiscal Q4 2026 (ended Jun 30, 2026), down 86.5% from a year earlier and down 59.0% from the prior quarter. For the full fiscal 2026 it was $19.96M, down 68.4% from fiscal 2025. Compound annual growth was -18.1% over 5 years. It rose in 3 of the last 6 fiscal years.
IPW net income was -$6.44M in fiscal Q4 2026 (ended Jun 30, 2026), compared with -$2.82M a year earlier. For the full fiscal 2026 it was -$11.62M, compared with -$4.97M in fiscal 2025.
IPW diluted EPS was -$345.16 for fiscal 2026 (ended Jun 30, 2026).
IPW free cash flow was -$163.5K for fiscal 2026 (ended Jun 30, 2026), compared with -$742.8K in fiscal 2025.
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $19.96M | $63.22M | $86.07M | $88.90M | $79.42M | $54.08M | $39.94M |
| Cost of revenue | $15.92M | $35.85M | $47.95M | $54.10M | $46.22M | $31.26M | $24.81M |
| Gross profit | $4.04M | $27.37M | $38.12M | $34.80M | $33.20M | $22.82M | $15.13M |
| Selling, general and admin | - | $12.66M | $12.12M | $12.79M | $11.71M | $6.38M | $3.26M |
| Operating income | -$14.43M | -$6.33M | -$962.9K | -$13.48M | $2.31M | $2.96M | $2.91M |
| Interest expense | $132.1K | $427.0K | $739.2K | $980.1K | $359.4K | $0 | - |
| Pre-tax income | -$16.49M | -$6.70M | -$1.79M | -$14.67M | $2.06M | -$9.0K | $2.76M |
| Income tax | -$3.08M | -$1.35M | -$251.4K | -$2.69M | $559.0K | $766.8K | $773.4K |
| Net income | -$11.62M | -$4.97M | -$1.53M | -$11.97M | $1.52M | -$775.7K | $1.99M |
| EPS, basic | -$345.16 | -$341.28 | -$0.05 | -$0.40 | $0.06 | -$0.04 | $0.10 |
| EPS, diluted | -$345.16 | -$341.28 | -$0.05 | -$0.40 | $0.06 | -$0.04 | $0.10 |
| Diluted shares | 33,671 | 14,558 | 29.9M | 29.7M | 27.8M | 21.1M | 20.1M |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $478.0K | $1.68M | $7.38M | $3.74M | $1.82M | $6.65M | $977.6K |
| Receivables | $4.37M | $6.12M | $14.74M | $14.07M | $17.43M | $7.90M | $6.07M |
| Inventory | $0 | $8.13M | $10.55M | $20.59M | $30.43M | $13.07M | $5.74M |
| Current assets | $10.65M | $19.37M | $35.01M | $41.26M | $55.18M | $32.31M | $13.40M |
| Goodwill | $0 | $3.03M | $3.03M | $3.03M | $6.09M | $0 | - |
| Total assets | $28.99M | $35.64M | $51.30M | $60.09M | $78.58M | $35.64M | $13.67M |
| Current liabilities | $7.26M | $14.45M | $23.77M | $23.33M | $22.88M | $9.02M | $10.24M |
| Short-term debt | - | $0 | $491.2K | - | - | - | - |
| Long-term debt | $2.74M | $0 | - | - | - | - | - |
| Total debt | $2.74M | $0 | - | - | - | $458.6K | $500.0K |
| Total liabilities | $12.04M | $17.37M | $28.28M | $39.23M | $46.18M | $10.65M | $10.74M |
| Shareholders' equity | $16.94M | $18.28M | $23.02M | $20.86M | $32.40M | $24.99M | $2.93M |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$163.5K | -$579.2K | $6.16M | $9.21M | -$16.60M | -$12.76M | $1.11M |
| Capital expenditures | $0 | $163.6K | $0 | $140.8K | $484.2K | $61.5K | $6.3K |
| Free cash flow | -$163.5K | -$742.8K | $6.16M | $9.07M | -$17.09M | -$12.82M | $1.10M |
| Investing cash flow | -$4.68M | -$2.04M | $0 | -$140.8K | -$139.4K | -$61.5K | -$6.3K |
| Financing cash flow | $6.50M | -$3.00M | -$2.40M | -$7.15M | $11.91M | $18.49M | -$596.6K |
| Share repurchases | $41.8K | $0 | - | - | - | - | - |
| Stock-based compensation | $792.4K | -$13.0K | $512.5K | $512.8K | $372.4K | $110.7K | $0 |
| Depreciation and amortization | $761.3K | $780.0K | $796.2K | $796.4K | $277.9K | $12.1K | - |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -68.4% | -26.5% | -3.2% | 11.9% | 46.9% | 35.4% | - |
| Gross margin | 20.2% | 43.3% | 44.3% | 39.1% | 41.8% | 42.2% | 37.9% |
| Operating margin | -72.3% | -10.0% | -1.1% | -15.2% | 2.9% | 5.5% | 7.3% |
| Net margin | -58.2% | -7.9% | -1.8% | -13.5% | 1.9% | -1.4% | 5.0% |
| Free cash flow margin | -0.8% | -1.2% | 7.2% | 10.2% | -21.5% | -23.7% | 2.8% |
| Return on equity | -68.6% | -27.2% | -6.6% | -57.3% | 4.7% | -3.1% | 67.8% |
| Return on assets | -40.1% | -13.9% | -3.0% | -19.9% | 1.9% | -2.2% | 14.5% |
| Current ratio | 1.47 | 1.34 | 1.47 | 1.77 | 2.41 | 3.58 | 1.31 |
| Debt to equity | 0.16 | 0.00 | - | - | - | 0.02 | 0.17 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43M | $3.50M | $7.13M | $12.02M | $10.58M | $16.04M | $19.07M | $19.01M | $19.45M | $23.31M | $16.80M | $26.51M |
| Cost of revenue | $4.23M | $2.74M | $3.99M | $7.21M | $6.11M | $9.19M | $10.68M | $10.52M | $10.78M | $12.94M | $9.48M | $14.75M |
| Gross profit | -$2.80M | $755.5K | $3.14M | $4.81M | $4.47M | $6.86M | $8.39M | $8.49M | $8.68M | $10.37M | $7.32M | $11.76M |
| Selling, general and admin | - | - | $2.50M | $1.32M | $2.35M | $1.91M | $3.08M | $5.32M | $2.90M | $3.32M | $2.93M | $2.96M |
| Operating income | -$9.29M | -$1.14M | -$2.44M | -$1.70M | -$3.51M | -$334.5K | $683.6K | -$2.75M | $1.26M | $1.60M | -$2.55M | -$1.27M |
| Interest expense | $0 | $0 | $70.3K | $61.7K | $73.7K | $81.9K | $140.2K | $131.2K | $188.9K | $180.4K | $154.5K | $215.4K |
| Pre-tax income | -$8.06M | -$5.61M | -$2.01M | -$997.2K | -$3.56M | -$382.2K | $336.2K | -$2.67M | $989.7K | $1.39M | -$2.61M | -$1.57M |
| Income tax | -$1.24M | -$326.5K | -$820.5K | -$463.6K | -$711.2K | $6.4K | $120.5K | -$636.5K | $336.3K | $377.1K | -$688.9K | -$275.9K |
| Net income | -$6.44M | -$3.45M | -$1.19M | -$533.6K | -$2.82M | -$339.6K | $218.8K | -$2.03M | $657.1K | $1.02M | -$1.91M | -$1.29M |
| EPS, basic | - | -$2.38 | -$1.08 | -$0.51 | - | -$0.33 | $0.21 | -$1.94 | $0.02 | $0.03 | -$0.06 | -$0.04 |
| EPS, diluted | - | -$2.38 | -$1.08 | -$0.51 | - | -$0.33 | $0.21 | -$1.94 | $0.02 | $0.03 | -$0.06 | -$0.04 |
| Diluted shares | - | 1.5M | 1.1M | 1.0M | - | 1.0M | 1.0M | 1.0M | - | 29.8M | 29.8M | 29.8M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $478.0K | $713.7K | $2.01M | $904.0K | $1.68M | $2.19M | $2.88M | $2.58M | $7.38M | $2.71M | $1.49M | $2.73M |
| Receivables | $4.37M | $7.06M | $5.17M | $5.11M | $6.12M | $10.18M | $13.93M | $12.28M | $14.74M | $16.84M | $11.77M | $13.24M |
| Inventory | $0 | $2.54M | $3.61M | $4.33M | $8.13M | $9.77M | $9.18M | $8.67M | $10.55M | $11.87M | $15.78M | $15.06M |
| Current assets | $10.65M | $14.50M | $14.69M | $11.83M | $19.37M | $24.81M | $28.28M | $26.33M | $35.01M | $33.06M | $30.52M | $32.83M |
| Goodwill | $0 | $0 | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M | $3.03M |
| Total assets | $28.99M | $31.31M | $34.00M | $28.59M | $35.64M | $40.51M | $43.87M | $42.40M | $51.30M | $50.42M | $49.07M | $51.59M |
| Current liabilities | $7.26M | $6.60M | $8.02M | $8.12M | $14.45M | $12.95M | $14.51M | $14.18M | $23.77M | $26.50M | $25.81M | $21.07M |
| Short-term debt | - | - | $1.50M | - | $0 | $0 | $0 | $0 | $491.2K | - | - | - |
| Long-term debt | $2.74M | $4.47M | $4.38M | - | $0 | - | - | - | - | - | - | - |
| Total debt | $2.74M | $4.47M | $5.88M | - | $0 | - | - | - | - | - | - | - |
| Total liabilities | $12.04M | $14.16M | $16.01M | $10.67M | $17.37M | $19.79M | $22.17M | $21.26M | $28.28M | $31.45M | $31.31M | $31.90M |
| Shareholders' equity | $16.94M | $17.15M | $17.98M | $17.92M | $18.28M | $20.72M | $21.70M | $21.13M | $23.02M | $18.97M | $17.76M | $19.69M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$593.9K | -$333.5K | -$922.6K | $1.69M | -$79.0K | $887.7K | $27.7K | -$1.42M | $1.01M | $106.2K | $993.4K | $4.05M |
| Capital expenditures | - | - | - | - | - | - | - | - | $0 | $0 | $0 | $0 |
| Free cash flow | - | - | - | - | - | - | - | - | $1.01M | $106.2K | $993.4K | $4.05M |
| Investing cash flow | $989.4K | -$77.4K | -$4.56M | -$1.04M | -$522.3K | -$855.6K | -$462.2K | -$202.1K | $0 | $0 | $0 | $0 |
| Financing cash flow | $2.56M | -$884.3K | $6.60M | -$1.78M | $169.6K | -$610.5K | $750.2K | -$3.31M | $3.70M | $1.07M | -$2.10M | -$5.08M |
| Stock-based compensation | -$458.2K | $150.2K | $950.2K | $150.2K | $129.8K | -$546.1K | $197.3K | $206.0K | $123.0K | $130.5K | $141.2K | $117.9K |
| Depreciation and amortization | $182.3K | $183.3K | $197.5K | $198.2K | $193.5K | $193.9K | $196.0K | $196.6K | $197.0K | $196.9K | $200.6K | $201.7K |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -86.5% | -78.2% | -62.6% | -36.8% | -45.6% | -31.2% | 13.5% | -28.3% | -16.9% | 15.2% | -12.7% | 1.9% |
| Gross margin | -195.2% | 21.6% | 44.0% | 40.0% | 42.3% | 42.7% | 44.0% | 44.7% | 44.6% | 44.5% | 43.6% | 44.4% |
| Operating margin | -648.0% | -32.7% | -34.2% | -14.1% | -33.1% | -2.1% | 3.6% | -14.4% | 6.5% | 6.9% | -15.2% | -4.8% |
| Net margin | -449.4% | -98.7% | -16.7% | -4.4% | -26.6% | -2.1% | 1.1% | -10.7% | 3.4% | 4.4% | -11.4% | -4.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | 5.2% | 0.5% | 5.9% | 15.3% |
| Current ratio | 1.47 | 2.20 | 1.83 | 1.46 | 1.34 | 1.92 | 1.95 | 1.86 | 1.47 | 1.25 | 1.18 | 1.56 |
| Debt to equity | 0.16 | 0.26 | 0.33 | - | 0.00 | - | - | - | - | - | - | - |
Source: XBRL data iPower Inc. files with the SEC, latest filing dated Oct 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| IPW | $19.96M | -68.4% | -$11.62M | -58.2% | $823,595 |
| HD | $169.18B | +2.5% | $14.23B | 8.4% | $342.68B |
| LOW | $90.43B | +8.2% | $6.64B | 7.3% | $125.98B |
| SHW | $24.91B | +7.0% | $2.68B | 10.7% | $83.13B |
| FAST | $9.08B | +13.5% | $1.42B | 15.6% | $60.79B |
| TSCO | $15.94B | +3.5% | $1.85B | 11.6% | $18.94B |
| QXO | $9.90B | +408.3% | -$511.70M | -5.2% | $11.99B |
| BLDR | $14.36B | -8.3% | $40.58M | 0.3% | $6.73B |
| FND | $4.75B | +1.8% | $239.73M | 5.1% | $5.34B |