SequelSEC

iPower Inc. IPW

Retail-Building Materials, Hardware, Garden Supply · CIK 0001830072 · Fiscal year ends 0630

Revenue
$19.96M
Fiscal year ended 2026-06-30
Operating income
-$14.43M
Fiscal year ended 2026-06-30
Free cash flow
-$163.47K
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$9.78MMarket value of stock held by non-affiliates, as stated on the cover page for 2024-12-31
Float per share$0.31Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.1×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2024-12-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-06-30 — the year that filing covered.

How this compares in its industry

Percentile among the Retail-Building Materials, Hardware, Garden Supply filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth-68.4%0th
Current ratio1.47x25th
Gross margin20.2%50th

iPower Inc. (IPW) reported revenue of $19.96M for the fiscal year ended 2026-06-30. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from iPower Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Building Materials, Hardware, Garden Supply.

Income

iPower Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-30
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
Operating income-$14.43M-$6.33M-$962.89K-$13.48M$2.31M$2.96M$2.91M
Net incomeUnavailableUnavailable-$1.53M-$11.97M$1.52M-$775.75K$1.99M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 33.67Kshares 14.56Kshares 29.88Mshares 29.71Mshares 27.78Mshares 21.12MUnavailable
Pretax income-$16.49M-$6.70M-$1.79M-$14.67M$2.06M-$8.99K$2.76M
Income tax expense-$3.08M-$1.35M-$251.36K-$2.69M$558.98K$766.76K$773.44K
Diluted EPS$-345.16$-341.28$-0.05$-0.40$0.06$-0.04Unavailable
Selling, general & administrativeUnavailable$12.66M$12.12M$12.79M$11.71M$6.38M$3.26M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

iPower Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-30
Cash & equivalents$478.04K$1.68M$7.22M$3.74M$1.82M$6.65M$977.64K
Total assets$28.99M$35.64M$51.30M$60.09M$78.58M$35.64M$13.67M
Current assets$10.65M$19.37M$35.01M$41.26M$55.18M$32.31M$13.40M
Total liabilities$12.04M$17.37M$28.28M$39.23M$46.18M$10.65M$10.74M
Current liabilities$7.26M$14.45M$23.77M$23.33M$22.88M$9.02M$10.24M
Total equity incl. NCI$16.94M$18.28M$23.02M$20.86M$32.40M$24.99M$2.93M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$0$8.13M$10.55M$20.59M$30.43M$13.07M$5.74M
Accounts receivable$4.37M$6.12M$14.74M$14.07M$17.43M$7.90M$6.07M
Goodwill$0$3.03M$3.03M$3.03M$6.09M$0Unavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailable$458.57K$500.00K
Accounts payableUnavailable$7.18M$11.23M$13.24M$9.53M$3.94M$4.22M

Cash flow

iPower Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-30
Operating cash flow-$163.47K-$579.19K$6.16M$9.21M-$16.60M-$12.76M$1.11M
Capital expenditures$0$163.59K$0$140.81K$484.17K$61.50K$6.25K
Investing cash flow-$4.68M-$2.04M$0-$140.81K-$139.39K-$61.50K-$6.25K
Financing cash flow$6.50M-$3.00M-$2.40M-$7.15M$11.91M$18.49M-$596.61K
Net change in cash$1.72M-$5.37M$3.64M$1.91M-$4.83M$5.67MUnavailable
Stock-based compensation$792.38K-$13.00K$512.54K$512.80K$372.35K$110.68K$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$41.76K$0UnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$761.33K$779.98K$796.22K$796.38K$277.92K$12.09KUnavailable

Derived

iPower Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302025-06-302024-06-302023-06-302022-06-302021-06-302020-06-30
Free cash flow-$163.47K-$742.78K$6.16M$9.07M-$17.09M-$12.82M$1.10M
Gross margin20.2%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%
FCF margin-0.8%-1.2%7.2%10.2%-21.5%-23.7%2.8%
SBC / revenue4.0%-0.0%Unavailable0.6%0.5%0.2%0.0%
Current ratio1.47x1.34x1.47x1.77x2.41x3.58x1.31x
Revenue YoY growth-68.4%-26.5%-3.2%11.9%46.9%35.4%Unavailable
Net marginUnavailableUnavailableUnavailable-13.5%1.9%-1.4%5.0%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue0.0%0.3%0.0%0.2%0.6%0.1%0.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable27.1%Unavailable28.0%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open IPW in the interactive workspace to inspect any figure back to its filing.

Source filings

10-K · Filed 2026-10-02View SEC filing
10-Q · Filed 2026-05-20View SEC filing
10-Q · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-K · Filed 2025-10-09View SEC filing
10-Q · Filed 2025-05-15View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.