iPower Inc. IPW

Consumer discretionary SIC 5200 - Retail-Building Materials, Hardware, Garden Supply NAICS Retail Trade › Building Material and Garden Equipment and Supplies Dealers derived Nasdaq

Inc.), a California-based corporation, was formed in Nevada in April 2018 ("iPower," "we," or "us").

Driven by tech and data, iPower is an online retailer and supplier of consumer home, pet, garden products, outdoor and consumer electronics,

as well as a provider of value-added ecommerce services for third-party products and brands. iPower's capabilities include a full spectrum

of online channels, robust fulfillment capacity, a network of warehouses serving the U.S., competitive last mile delivery partners and

Last close 0.20 2026-10-23
Market cap $1.1M 2026-03-31 share count
52-week range 0.18 - 2,095.20

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.16

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $66.1M$86.1M$88.9M$79.4M$54.1M$39.9M—
Cost of revenue $37.1M$48.0M$54.1M$46.2M$31.3M$24.8M—
Gross profit $29.0M$38.1M$34.8M$33.2M$22.8M$15.1M—
SG&A $12.7M$12.1M$12.8M$11.7M$6.4M$3.3M—
Total operating expenses $34.9M$39.1M$48.3M$30.9M$19.9M$12.2M—
Operating income -$5.9M-$962.9K-$13.5M$2.3M$3.0M$2.9M—
Interest expense $427.0K$739.2K$980.1K$359.4K$0$168.3K—
Pre-tax income —-$1.8M-$14.7M$2.1M-$9.0K$2.8M—
Income tax $1.3M$251.4K$2.7M$559.0K$766.8K$773.4K—
Net income —-$1.5M-$12.0M$1.5M-$775.7K$2.0M—
EPS, basic -0.16-0.05-0.400.06-0.04——
EPS, diluted -0.16-0.05-0.400.06-0.040.10—
Shares, diluted (wtd. avg.) 31.4M29.9M29.7M27.8M21.1M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $1.8M$7.2M$3.7M$1.8M$6.7M$977.6K$471.5K
Receivables $6.1M$14.7M$14.1M$17.4M$7.9M$6.1M—
Inventory $8.1M$10.5M$20.6M$30.4M$13.1M$5.7M—
Total current assets $19.4M$35.0M$41.3M$55.2M$32.3M$13.4M—
Property, plant and equipment $390.3K$370.9K$536.4K$544.6K$55.7K$6.3K—
Goodwill $3.0M$3.0M$3.0M$6.1M$0——
Other intangibles $3.0M$3.6M$4.3M$4.9M$0——
Total assets $35.6M$51.3M$60.1M$78.6M$35.6M$13.7M—
Accounts payable $7.2M$11.2M$13.2M$9.5M$3.9M$4.2M—
Short-term debt $0$491.2K—————
Total current liabilities $14.5M$23.8M$23.3M$22.9M$9.0M$10.2M—
Long-term debt ————$458.6K$500.0K—
Total liabilities $17.4M$28.3M$39.2M$46.2M$10.7M$10.7M—
Retained earnings -$15.2M-$10.2M-$8.7M$3.3M$1.7M$2.5M—
Total equity $18.3M$23.0M$20.9M$32.4M$25.0M$2.9M$516.5K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$579.2K$6.2M$9.2M-$16.6M-$12.8M$1.1M—
Depreciation and amortisation $780.0K$796.2K$796.4K—$12.1K$0—
Stock-based compensation —$512.5K$512.8K$372.4K$110.7K$0—
Capital expenditure $163.6K$0$140.8K$484.2K$61.5K$6.3K—
Investing cash flow -$2.0M$0-$140.8K-$139.4K-$61.5K-$6.3K—
Financing cash flow -$3.0M-$2.4M-$7.2M$11.9M$18.5M-$596.6K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-25-007480.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M Revenue, FY2020: 39.9M Gross profit, FY2020: 15.1M Net income, FY2020: 2M Revenue, FY2021: 54.1M Gross profit, FY2021: 22.8M Net income, FY2021: -775.7K Revenue, FY2022: 79.4M Gross profit, FY2022: 33.2M Net income, FY2022: 1.5M Revenue, FY2023: 88.9M Gross profit, FY2023: 34.8M Net income, FY2023: -12M Revenue, FY2024: 86.1M Gross profit, FY2024: 38.1M Net income, FY2024: -1.5M Revenue, FY2025: 66.1M Gross profit, FY2025: 29M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $39.9M $54.1M $79.4M $88.9M $86.1M $66.1M
Gross profit — $15.1M $22.8M $33.2M $34.8M $38.1M $29.0M
Net income — $2.0M -$775.7K $1.5M -$12.0M -$1.5M —

Recent filings and events

  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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