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iPower Inc. logo

iPower Inc.

IPW

NASDAQConsumer CyclicalSpecialty Retail

Open in GoAI

Regular session

$2.2125

−$0.5475 · -19.84%

Aug 24, 3:08 PM ET

IPW company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

20

Strong Down

Sentiment

55

Mixed

Risk resilience

11

Extreme Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

iPower Inc. operates as an online retail enterprise in the United States, specializing in equipment for hydroponics. The company offers a comprehensive array of products designed for both indoor and outdoor cultivation. Their catalog features sophisticated grow-light systems for indoor and greenhouse environments, ventilation solutions, activated carbon filters, various plant nutrients, and different growing media. They also provide water-resistant hydroponic grow tents, trimming machines, pumps, and a wide selection of accessories for hydroponic gardening, alongside general indoor and outdoor growing supplies. These items are sold under the iPower and Simple Deluxe brands through their proprietary Zenhydro.com website, as well as via numerous third-party e-commerce channels. Established in 2018, the company underwent a name change in September 2020, transitioning from its former identity as BZRTH Inc. to iPower Inc. Its corporate headquarters are located in Duarte, California.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Chenlong Tan
Listed since
May 12, 2021
Employees
10

Market position

Day range

Current $2.2125

52-week range

Current $2.2125

Open
$2.61
Previous close
$2.76
Volume
317.78K
1.79× average
Average volume
177.85K
Average daily volume
Market cap
35.72K USD
Beta
2.99
Market reference 1
50-day average
$11.5085
-80.78% below average
200-day average
$244.26
-99.09% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.34M USD
P/E (TTM)
-0×
P/B (TTM)
0×
P/S (TTM)
0×
EV / EBITDA
-8.13×
Earnings yield
-24.43%
Free cash flow yield
-3.65%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
39.95%
Operating margin
-25.81%
Net margin
-23.43%
Return on equity
-27.11%
Return on assets
-13.94%
Return on invested capital
-17.82%

Financial health

Debt / equity
0.45×
Current ratio
1.34×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%27%3%-21%Gross margin, FY2021: 42.20%Gross margin, FY2022: 41.80%Gross margin, FY2023: 39.14%Gross margin, FY2024: 45.61%Gross margin, FY2025: 43.84%Operating margin, FY2021: 5.47%Operating margin, FY2022: 2.91%Operating margin, FY2023: -15.17%Operating margin, FY2024: -1.12%Operating margin, FY2025: -8.87%Net margin, FY2021: -1.43%Net margin, FY2022: 1.91%Net margin, FY2023: -13.46%Net margin, FY2024: -1.78%Net margin, FY2025: -7.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 42.20%. Gross margin FY2022 41.80%. Gross margin FY2023 39.14%. Gross margin FY2024 45.61%. Gross margin FY2025 43.84%. Operating margin FY2021 5.47%. Operating margin FY2022 2.91%. Operating margin FY2023 -15.17%. Operating margin FY2024 -1.12%. Operating margin FY2025 -8.87%. Net margin FY2021 -1.43%. Net margin FY2022 1.91%. Net margin FY2023 -13.46%. Net margin FY2024 -1.78%. Net margin FY2025 -7.51%.

Income trends

Revenue

66.14M USD-23.15%

Operating income

−5.87M USD-509.18%

Net income

−4.97M USD-225.12%
Income trends across reported periods99.14M USD58.19M USD17.23M USD−23.72M USDRevenue, FY2021: 54.08M USDRevenue, FY2022: 79.42M USDRevenue, FY2023: 88.9M USDRevenue, FY2024: 86.07M USDRevenue, FY2025: 66.14M USDOperating income, FY2021: 2.96M USDOperating income, FY2022: 2.31M USDOperating income, FY2023: −13.48M USDOperating income, FY2024: −962.89K USDOperating income, FY2025: −5.87M USDNet income, FY2021: −775.75K USDNet income, FY2022: 1.52M USDNet income, FY2023: −11.97M USDNet income, FY2024: −1.53M USDNet income, FY2025: −4.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 54.08M USD. Revenue FY2022 79.42M USD. Revenue FY2023 88.9M USD. Revenue FY2024 86.07M USD. Revenue FY2025 66.14M USD. Operating income FY2021 2.96M USD. Operating income FY2022 2.31M USD. Operating income FY2023 −13.48M USD. Operating income FY2024 −962.89K USD. Operating income FY2025 −5.87M USD. Net income FY2021 −775.75K USD. Net income FY2022 1.52M USD. Net income FY2023 −11.97M USD. Net income FY2024 −1.53M USD. Net income FY2025 −4.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue66.14M USD86.07M USD88.9M USD79.42M USD54.08M USD
Cost of goods sold37.15M USD46.82M USD54.1M USD46.22M USD31.26M USD
Gross profit28.99M USD39.25M USD34.8M USD33.2M USD22.82M USD
Selling, general, and administrative34.86M USD39.08M USD45.22M USD30.89M USD19.86M USD
Operating expenses34.86M USD40.22M USD48.28M USD30.89M USD19.86M USD
Interest expense436.2K USD788.43K USD1.07M USD538.17K USD301.92K USD
Depreciation and amortization2.55M USD2.51M USD3.41M USD601.83K USD12.09K USD
Operating income−5.87M USD−962.89K USD−13.48M USD2.31M USD2.96M USD
Net income−4.97M USD−1.53M USD−11.97M USD1.52M USD−775.75K USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
33%
3 beats, 6 misses, 0 met estimates
Average EPS surprise
+11885.10%
9 comparable reports
Latest EPS result
-12.96
Estimate 0.6 · Miss by 2260.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates96.2548.641.04-46.57Q4 '24MissQ1 '25BeatQ2 '25MissQ4 '25MissQ4 '25No estimateQ1 '26No estimateQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 14, 2024: actual -0.54, estimate 0.18, surprise -400.00%, Miss. Q1 2025, reported Feb 13, 2025: actual 21.62, estimate -0.02, surprise +108200.00%, Beat. Q2 2025, reported May 15, 2025: actual -21.62, estimate 86.4, surprise -125.02%, Miss. Q4 2025, reported Oct 9, 2025: actual -1.95, estimate 1.3, surprise -250.16%, Miss. Q4 2025, reported Nov 14, 2025: actual -36.72, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 20, 2026: actual -0.778, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 20, 2026: actual -12.96, estimate 0.6, surprise -2260.00%, Miss. Q3 2026, reported Sep 29, 2026: actual —, estimate 43.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates30.07M21.04M12.01M2.97MQ4 '24MissQ1 '25MissQ2 '25MissQ4 '25MissQ4 '25No estimateQ1 '26No estimateQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 14, 2024: actual 19.01M USD, estimate 20.9M USD, surprise -9.05%, Miss. Q1 2025, reported Feb 13, 2025: actual 19.07M USD, estimate 19.2M USD, surprise -0.66%, Miss. Q2 2025, reported May 15, 2025: actual 16.57M USD, estimate 24M USD, surprise -30.96%, Miss. Q4 2025, reported Oct 9, 2025: actual 11.49M USD, estimate 28.1M USD, surprise -59.10%, Miss. Q4 2025, reported Nov 14, 2025: actual 12.02M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 20, 2026: actual 7.13M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 20, 2026: actual 3.5M USD, estimate 12.4M USD, surprise -71.78%, Miss. Q3 2026, reported Sep 29, 2026: actual —, estimate 12.4M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

IPW news

globenewswire.com

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

RANCHO CUCAMONGA, Calif., Aug. 05, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology- and data-driven supply chain and infrastructure provider for online retailers and brands,…

Read source
globenewswire.com

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

RANCHO CUCAMONGA, Calif. , Aug. 05, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a technology- and data-driven supply chain and infrastructure provider for online retailers and brands,…

Read source
globenewswire.com

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

RANCHO CUCAMONGA, Calif., July 23, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company") today announced that it has signed a non-binding letter of intent with a prospective customer for the…

Read source
globenewswire.com

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

RANCHO CUCAMONGA, Calif., July 21, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company") today announced plans to form a dedicated artificial intelligence subsidiary focused on AI hardware…

Read source
globenewswire.com

iPower Announces Plan to Evaluate Expansion Into AI Infrastructure Hardware

Company to evaluate potential acquisition or financing of AI compute hardware, data center relationships and equipment leasing opportunities Company to evaluate potential acquisition or financing of AI compute hardware,…

Read source
globenewswire.com

iPower Secures $2.0 Million Growth Capital to Advance AI, Supply Chain Infrastructure and Other Strategic Initiatives

Unrestricted financing strengthens balance sheet flexibility as Company advances expansion into high-growth AI and supply chain infrastructure opportunities Unrestricted financing strengthens balance sheet flexibility as…

Read source

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