iPower Inc.: financial statements
Price
$1.24
November 13, 2026
What Ploutos Investor adds for iPower
Part of Ploutos Investor, €9.99 a month
- The full history: 7 fiscal years, from FY2020
- The estimated fair value, with its range and its certainty
- The full analysis, 18 a month
- More questions to the chat on its filings
- Excel with every year
- An email when it reports, changes its dividend or an officer buys
Sign in with a free account to see the last 5 fiscal years.
Notes on these figures
- The share price has fallen 91% since Oct 2, 2026, when the 10-K these figures come from was filed ($13.44 then, $1.24 on Nov 13, 2026). The figures date from before that move.10-K
- The share price was recently adjusted for a split or a spin-off that the company's last filing does not include yet. Market value, P/E, yields and the other figures measured against the price would mix the new shares with the old figures, so we leave them out until the next filing.
Financial statements
Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.
Click a line to see it on the chart.
Revenue
Financial statements
IPW's revenue, profits and cash flows from FY2020 to FY2023, 4 more fiscal years
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By segment
Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.
- FY2024: Product $85M, Service $1.3M
- FY2025: Product $59M, Service $4.6M
- FY2026: Product $18M, Service $1.5M
From the XBRL of 6 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.
Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.
Debt and obligations
What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.
Leases
Jun 30, 2026Operating leases
$2.9M
Finance leases
–
The liability is the present value of the rent still to pay, at June 30, 2026. It is not counted in the ladder's debt. The filing
From the statutory to the effective tax rate, FY2026
Jun 30, 2026Statutory rate
21.0%
Effective rate
18.7%
The company paid 18.7% in tax on its profit, 2.3 points below the US federal rate (21.0%). Below, the reasons it gives.
The lines the company states do not reach its effective rate, so we do not show them. Both rates are the filing's. The filing
Earnings quality
How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.
Receivables and inventory against sales
In the quarter to Jun 30, 2026, sales were -89.4% on the same quarter a year earlier, and receivables -28.6%. Inventory was -100.0%, against -42.8% for the cost of sales.
- Days of sales in receivables rose more than at nine in ten S&P 500 companies.
- a year earlier 41 days
- 278 days
- a year earlier 100 days
- 0 days
Balances at Jun 30, 2026 and Jun 30, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.
Allowance for doubtful accounts
The allowance for receivables that may not be collected was 38.5% of gross receivables at Jun 30, 2026, against 23.9% a year earlier.
- a year earlier $1.9M
- $2.7M
The earnings per share split is not shown: it needs a profit before tax in both years, since a tax rate on a loss has no meaning as a source.
The tax part is not shown: a figure it needs is missing from the company's structured filings.
A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.
The full analysis
What do iPower's filings show?
These are iPower's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.
- A fair value range built from the filings
- Earnings quality, debt and red flags
- Insider and institutional moves
- The case for and the case against
How much revenue did IPW have in FY2026?
iPower had revenue of $20M and net income of -$12M in fiscal FY2026, a net margin of -58.2%.
How much debt does IPW have?
On June 30, 2026 iPower had total assets of $29M, debt of $2.7M and shareholders' equity of $17M.
How much free cash flow does IPW have?
In fiscal FY2026 iPower had cash from operations of -$163.5K and spent – on capital expenditure, leaving -$163.5K of free cash flow.
Where are the figures from?
From iPower Inc.'s annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.
Related pages
The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.
The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.