iPower | 10-Q: FY2026 Q1 Revenue: USD 12.02 M

LB filings
2025.11.14 16:16
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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

  • Product Sales: Revenue from product sales decreased by 42.6% to $10,484,661 for the three months ended September 30, 2025, compared to $18,275,412 for the same period in 2024.
  • Service Income: Revenue from service income increased by 109.1% to $1,532,806 for the three months ended September 30, 2025, compared to $733,109 for the same period in 2024.

Operational Metrics

  • Gross Profit: Gross profit decreased by 43.4% to $4,806,524 for the three months ended September 30, 2025, compared to $8,487,897 for the same period in 2024.
  • Operating Expenses: Operating expenses decreased by 42.1% to $6,501,703 for the three months ended September 30, 2025, compared to $11,234,331 for the same period in 2024.
  • Loss from Operations: Loss from operations was $1,695,179 for the three months ended September 30, 2025, compared to $2,746,434 for the same period in 2024.
  • Net Loss: Net loss attributable to iPower Inc. was $533,648 for the three months ended September 30, 2025, compared to $2,029,281 for the same period in 2024.

Cash Flow

  • Operating Cash Flow: Net cash provided by operating activities was $1,686,463 for the three months ended September 30, 2025, compared to net cash used in operating activities of - $1,415,643 for the same period in 2024.
  • Investing Cash Flow: Net cash used in investing activities was - $1,037,272 for the three months ended September 30, 2025, compared to - $202,140 for the same period in 2024.
  • Financing Cash Flow: Net cash used in financing activities was - $1,778,026 for the three months ended September 30, 2025, compared to - $3,308,599 for the same period in 2024.

Unique Metrics

  • Customer Concentration: Amazon Vendor and Amazon Seller customers accounted for 70% of the Company’s total revenues for the three months ended September 30, 2025.

Future Outlook and Strategy

  • Core Business Focus: iPower Inc. plans to increase investments in product and brand development and actively evaluates potential acquisition opportunities to complement its product catalog and improve supply chain efficiencies.
  • Non-Core Business: The company adopted a digital asset reserve, allocation, and development strategy with the plan of creating a Digital Treasury Strategy business, although it has not been effectuated yet.
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