For the quarter ending 2026-03-31, IPW made $3,498,681 in revenue. -$3,470,621 in net income. Net profit margin of -99.20%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenues | 3,498,681 | 7,133,602 | 12,017,467 | 11,492,009 |
| Product | 2,743,132 | 3,994,680 | 5,878,262 | 5,235,174* |
| Service | 0 | - | 1,332,681 | 1,317,898* |
| Total cost of revenues | 2,743,132 | 3,994,680 | 7,210,943 | 6,553,072 |
| Gross profit | 755,549 | 3,138,922 | 4,806,524 | 4,938,937 |
| Selling and fulfillment | 991,037 | 3,075,161 | 5,180,190 | 6,126,355 |
| General and administrative | 908,773 | 2,501,738 | 1,321,513 | 2,346,514 |
| Total operating expenses | 1,899,810 | 5,576,899 | 6,501,703 | 8,472,869 |
| Loss from operations | -1,144,261 | -2,437,977 | -1,695,179 | -3,533,932 |
| Interest expenses | -432,167 | -167,222 | -61,719 | -73,599 |
| Loss on equity method investment | 0 | 0 | 0 | - |
| Loss on deconsolidation of vie | -1,269 | 0 | -39,624 | - |
| Unrealized gain (loss) on digital assets | -549,932 | 5,759 | - | - |
| Impairment loss - goodwill | 3,034,110 | - | - | - |
| Change in fair value of derivative liability | 89,600 | 176,600 | - | - |
| Loss on equity method investment | - | - | - | -11,635 |
| Gain (loss) on extinguishment of debt | -539,634 | -24,100 | - | - |
| Other non-operating income (expenses) | 3,897 | 433,151 | 799,290 | 35,941 |
| Total other income (expenses), net | -4,463,615 | 424,188 | 697,947 | -49,293 |
| Income (loss) before income taxes | - | - | - | -3,583,225 |
| Loss before income taxes | -5,607,876 | -2,013,789 | -997,232 | - |
| Provision for income tax expense (benefit) | -326,502 | -820,508 | -463,584 | -764,505 |
| Net loss from continuing operations | -5,281,374 | - | - | - |
| Discontinued operations, net of tax | 1,826,496 | - | - | - |
| Net income (loss) | - | - | - | -2,818,720 |
| Net loss | -3,454,878 | -1,193,281 | -533,648 | - |
| Non-controlling interest | 0 | 0 | 0 | -493 |
| Net loss attributable to ipower inc | -3,454,878 | -1,193,281 | -533,648 | -2,818,227 |
| Foreign currency translation adjustments | -15,743 | -379 | 24,943 | 246,993 |
| Comprehensive loss attributable to ipower inc | -3,470,621 | -1,193,660 | -508,705 | -2,571,234 |
| Basic EPS | -2.38 | -1.08 | -0.51 | -0.082 |
| Diluted EPS | -2.38 | -1.08 | -0.51 | -0.082 |
| Basic Average Shares | 1,453,875 | 1,102,378 | 1,049,595 | 31,472,564 |
| Diluted Average Shares | 1,453,875 | 1,102,378 | 1,049,595 | 31,472,564 |
iPower Inc. (IPW)
iPower Inc. (IPW)