iPower | 8-K: FY2026 Q1 Revenue: USD 12.02 M

Revenue: As of FY2026 Q1, the actual value is USD 12.02 M.

EPS: As of FY2026 Q1, the actual value is USD -0.51.

EBIT: As of FY2026 Q1, the actual value is USD -1.633 M.

Segment Revenue

• Total revenue for the fiscal first quarter of 2026 was $12.0 million, a decrease from $19.0 million in the same period of fiscal 2025. This decline was primarily due to lower product sales to the Company’s largest channel partner, partially offset by growth in iPower’s SuperSuite supply chain offerings.

Operational Metrics

• Gross profit was $4.8 million compared to $8.5 million in the year-ago quarter, with a gross margin of 40.0% versus 44.7%.
• Net loss attributable to iPower improved to $0.5 million or - $0.51 per share, compared to a net loss of $2.1 million or - $1.94 per share in the previous year.
• Total operating expenses reduced by 42% to $6.5 million from $11.2 million in the same period of fiscal 2025, driven by personnel reductions and improved efficiencies.

Cash Flow

• Cash and cash equivalents were $0.9 million as of September 30, 2025, down from $2.0 million at June 30, 2025.
• Total debt was reduced by 48% to $1.9 million compared to $3.7 million as of June 30, 2025.

Unique Metrics

• Service income more than doubled to $1.5 million, contributing to the revenue mix.

Outlook / Guidance

• iPower is focused on building a more efficient, agile, and profitable organization, aiming to leverage its retail and e-commerce infrastructure to connect consumers with digital-asset products from licensed providers.
• The company plans to continue optimizing its cost structure and streamlining operations to drive sustainable growth and create long-term value for shareholders.
• iPower is seeing benefits from its transition to a diversified and domestically anchored supply chain, enhancing logistical control and reducing exposure to tariff-related volatility.