6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $66M | — | 43.8% | -8.9% | -$742775 | — | $2M |
| 2024 | $86M | -$2M | 44.3% | -1.1% | $6M | — | $7M |
| 2023 | $89M | -$12M | 39.1% | -15.2% | $9M | — | $4M |
| 2022 | $79M | $2M | 41.8% | 2.9% | -$17M | — | $2M |
| 2021 | $54M | -$775749 | 42.2% | 5.5% | -$13M | $458571 | $7M |
| 2020 | $40M | $2M | 37.9% | 7.3% | $1M | $500000 | $977635 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $3M | -$3M | 21.6% | -32.7% | — | — | $713685 |
| Dec '25 | $7M | -$1M | 44.0% | -34.2% | — | — | $2M |
| Sep '25 | $12M | — | 40.0% | -14.1% | — | — | $903975 |
| Jun '25 | $11M | — | 43.0% | -30.8% | — | — | $2M |
| Mar '25 | $16M | -$342373 | 42.7% | -2.1% | — | — | $2M |
| Dec '24 | $19M | $215664 | 44.0% | 3.6% | — | — | $3M |
| Sep '24 | $19M | — | 44.7% | -14.4% | — | — | $3M |
| Jun '24 | $19M | — | 44.6% | 6.5% | $1M | — | $7M |
| Mar '24 | $23M | — | 44.5% | 6.9% | $106225 | — | $3M |
| Dec '23 | $17M | — | 43.6% | -15.2% | $993390 | — | $1M |
| Sep '23 | $27M | — | 44.4% | -4.8% | $4M | — | $3M |
| Jun '23 | $23M | — | 38.7% | -12.8% | $1M | — | $4M |
| Mar '23 | $20M | -$2M | 38.5% | -9.0% | -$9894 | — | $1M |
| Dec '22 | $19M | -$3M | 41.4% | -21.2% | $7M | — | $4M |
| Sep '22 | $26M | -$4M | 38.4% | -17.7% | $321036 | — | $5M |
| Jun '22 | $22M | — | 41.2% | -6.7% | -$2M | — | $2M |
| Mar '22 | $23M | $1M | 40.4% | 6.0% | -$3M | — | $3M |
| Dec '21 | $17M | $797861 | 44.1% | 6.6% | -$7M | $441512 | $1M |
| Sep '21 | $17M | $887528 | 42.1% | 7.4% | -$5M | $448823 | $1M |
| Jun '21 | $15M | — | 44.4% | 1.6% | -$8M | $458571 | $7M |
How the market has priced IPW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, iPower Inc.'s revenue has grown 10.6% per year. These are computed facts, not advice.
As of FY2025, iPower Inc. reported — of total debt against $2M of cash; operating income covered interest expense -13.7×.
In FY2025, gross margin was 43.8%, operating margin -8.9%, and net margin —.
As of Jun '26, iPower Inc. traded at a price-to-earnings ratio of about 2.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.