IPW
iPower Inc
NASDAQ: IPW · CONSUMER CYCLICAL · INTERNET RETAIL
$0.95
+5.01% today
Updated 2026-04-29
Market cap
$1.26M
P/E ratio
—
P/S ratio
0.03x
EPS (TTM)
$-4.67
Dividend yield
—
52W range
$1 – $29
Volume
1.2M
iPower Inc (IPW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $22.84M | $39.94M | $54.08M | $79.42M | $88.90M | $86.07M | $66.14M |
| Revenue growth (YoY) | — | +74.8% | +35.4% | +46.9% | +11.9% | -3.2% | -23.2% |
| Cost of revenue | $14.97M | $24.81M | $31.26M | $46.22M | $54.10M | $46.82M | $37.15M |
| Gross profit | $7.88M | $15.13M | $22.82M | $33.20M | $34.80M | $39.25M | $28.99M |
| Gross margin | 34.5% | 37.9% | 42.2% | 41.8% | 39.1% | 45.6% | 43.8% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $2.48M | $4.63M | $6.38M | $11.71M | $12.79M | $12.12M | $12.66M |
| Operating income | $834673.00 | $2.91M | $2.96M | $2.31M | $-13.48M | $-962892.00 | $-5.87M |
| Operating margin | 3.7% | 7.3% | 5.5% | 2.9% | -15.2% | -1.1% | -8.9% |
| EBITDA | $834673.00 | $2.91M | $2.97M | $3.20M | $-10.19M | $1.51M | $-3.24M |
| EBITDA margin | 3.7% | 7.3% | 5.5% | 4.0% | -11.5% | 1.7% | -4.9% |
| EBIT | $834673.00 | $2.91M | $2.96M | $2.60M | $-13.60M | $-1.00M | $-5.80M |
| Interest expense | $110779.00 | $147549.00 | $301924.00 | $538169.00 | $1.07M | $788425.00 | $436201.00 |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $528398.00 | $1.99M | $-775749.00 | $1.52M | $-11.97M | $-1.53M | $-4.97M |
| Net income growth (YoY) | — | +276.0% | -139.0% | +295.7% | -888.3% | +87.2% | -225.1% |
| Profit margin | 2.3% | 5.0% | -1.4% | 1.9% | -13.5% | -1.8% | -7.5% |