Companies/US/IPW

IPOWER INC.

Last · NASDAQ$0.4029-0.1321 (-24.69%)close · yahoo · 17h ago
Vol 1.11M ≈ 448.8K
Market cap$1.12M2.8M sh
P/E · TTM-0.0fwd 6.7 · eps -330.53 · loss
Beta2.94vs S&P 500
Div yield0.00%annual · TTM
52w range
$0.34$2095.20
Volume1.1Msession

Issuer

Legal nameIPOWER INC.
HQUnited States (US)
ListingUS IPW
ISINUS46265P3055
SectorTechnology
IndustryRetail (Building Supply)
SIC5200
CurrencyUSD
Entity registrysec:0001830072
CIK0001830072
Employees12
AddressiPower, Inc. 8798 9th Street 91730, Rancho Cucamonga
Headline financial metrics
Revenue$20.0M
Operating income$-14.4M
Net income$-11.6M
Free cash flow$-163,466
Operating margin-72.3%
Net margin-58.2%
Return on equity-68.6%
Period2026
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OpenFilings analyst

Our analyst

10-K · 2026-10-02

From latest 10-K · 2026-10-02

  • Ai Infrastructure Pivot
  • Convertible Note Dilution
  • Customer Concentration
  • Receivable Collectability
  • Material Weakness
  • Digital Asset Collateral
  • Supply Chain Concentration

Red flags

  • Management concluded that disclosure controls and internal control over financial reporting were not effective because the financial-statement close controls could not identify material misstatements timely.
  • The $2.736 million allowance is roughly 38% of $7.107 million of gross accounts receivable, a material collectability concern alongside the $4.372 million net balance.
  • Amazon Vendor and Amazon Seller accounted for 38% of revenue and 62% of receivables in FY2026, while one supplier accounted for 60.8% of purchases.
  • The senior secured notes bear 10% interest, rise to 17% on default, mature December 23, 2027, and $9.360 million has already converted into 849,697 shares, leaving continuing dilution and collateral risk.
  • GPM, which accounted for 37% of revenue and 34% of receivables, was sold for a seven-year $2.3 million promissory note rather than cash, increasing replacement-revenue risk.

Press & signals

3 of 4 recent
  • GlobeNewswire

    iPower Inc. Announces 1-for-9 Reverse Stock Split

  • GlobeNewswire

    iPower Signs Non-Binding LOI for Proposed $6 Million GPU Deployment

  • GlobeNewswire

    iPower to Form Dedicated AI Subsidiary to Pursue AI Hardware Leasing Business

The rest of this company's wire — with summaries and source links — is part of Pro.

See plans

Documents

FormReporting forFiledFlags
2026-06-302026-10-02 5