📊 IPW Key Takeaways
Is iPower Inc. (IPW) a Good Investment?
iPower exhibits severe operational losses despite 15,263% revenue growth and a healthy 36.9% gross margin, indicating uncontrolled SG&A expenses and inability to scale profitably. While positive operating cash flow and minimal debt are offsetting factors, the company's thin cash position (~$714K) relative to operating burn and negative net margin of -28% present material solvency risks.
iPower shows explosive reported revenue growth, but the quality of that growth is weak because it is still generating negative operating income, negative net income, and deeply negative operating margins. The balance sheet is relatively clean with low debt and adequate liquidity, and free cash flow turned positive, but fundamentals still point to a business that has not yet translated scale into sustainable profitability.
iPower Inc. Key Strengths (IPW)
- Explosive revenue growth of 15,263% YoY indicates strong market demand or successful market entry
- Positive operating cash flow of $430.4K and free cash flow of $266.8K despite net losses show operational viability
- Conservative capital structure with debt-to-equity of 0.03x and manageable long-term debt of $441.5K
- Strong reported revenue growth and a solid 41.5% gross margin indicate underlying product-level economics are not the main issue
- Balance sheet leverage is very low, with debt/equity of 0.02x and only modest long-term debt
- Liquidity is acceptable and free cash flow is positive, supported by positive operating cash flow
IPW Stock Risks: iPower Inc. Investment Risks
- Critical cash burn with only $713.7K cash against negative net income of -$5.2M; runway concerns at current operating cadence
- Operating margin of -27.8% indicates fundamental inability to control operating expenses despite 36.9% gross margin; SG&A ratio likely exceeds 60% of revenue
- Negative return metrics (ROE -30.2%, ROA -16.6%) and interest coverage of -38.9x signal deteriorating shareholder value and financial stress
- Operating losses remain significant, with a -21.6% operating margin showing weak cost control or inefficient scaling
- Net income and diluted EPS deteriorated sharply year over year despite the revenue surge, raising concerns about growth quality
- Cash is limited at $2.01M, so continued losses could pressure liquidity if cash generation weakens
Key Metrics to Watch
- Operating expense ratio and path to operating margin breakeven
- Cash burn rate and quarterly cash position relative to operating liabilities
- Gross margin sustainability and SG&A efficiency gains as revenue scales
- Operating margin and net margin progression
- Operating cash flow consistency relative to revenue growth
iPower Inc. (IPW) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 1.4% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.20x current ratio provides a solid financial cushion.
IPW Profit Margin, ROE & Profitability Analysis
IPW vs Consumer Sector: How iPower Inc. Compares
How iPower Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is iPower Inc. Stock Overvalued? IPW Valuation Analysis 2026
Based on fundamental analysis, iPower Inc. has mixed fundamental signals relative to the Consumer sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
iPower Inc. Balance Sheet: IPW Debt, Cash & Liquidity
IPW Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: iPower Inc.'s revenue has grown significantly by 64% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.05 indicates the company is currently unprofitable.
IPW Revenue Growth, EPS Growth & YoY Performance
IPW Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $20.2M | $1.0M | $0.03 |
| Q2 2024 | $16.8M | -$1.9M | $-0.06 |
| Q1 2024 | $26.0M | -$1.3M | $-0.04 |
| Q3 2023 | $20.2M | $1.2M | $0.04 |
| Q2 2023 | $17.1M | $797.9K | $0.03 |
| Q1 2023 | $17.4M | $887.5K | $0.03 |
| Q3 2022 | $13.1M | -$206.8K | $-0.01 |
| Q2 2022 | $11.3M | $575.5K | $0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
iPower Inc. Dividends, Buybacks & Capital Allocation
IPW SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for iPower Inc. (CIK: 0001830072)
📋 Recent SEC Filings
❓ Frequently Asked Questions about IPW
What is the AI rating for IPW?
iPower Inc. (IPW) has a Combined AI Grade of C from Claude (C) and ChatGPT (C) with 72% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are IPW's key strengths?
Claude: Explosive revenue growth of 15,263% YoY indicates strong market demand or successful market entry. Positive operating cash flow of $430.4K and free cash flow of $266.8K despite net losses show operational viability. ChatGPT: Strong reported revenue growth and a solid 41.5% gross margin indicate underlying product-level economics are not the main issue. Balance sheet leverage is very low, with debt/equity of 0.02x and only modest long-term debt.
What are the risks of investing in IPW?
Claude: Critical cash burn with only $713.7K cash against negative net income of -$5.2M; runway concerns at current operating cadence. Operating margin of -27.8% indicates fundamental inability to control operating expenses despite 36.9% gross margin; SG&A ratio likely exceeds 60% of revenue. ChatGPT: Operating losses remain significant, with a -21.6% operating margin showing weak cost control or inefficient scaling. Net income and diluted EPS deteriorated sharply year over year despite the revenue surge, raising concerns about growth quality.
What is IPW's revenue and growth?
iPower Inc. reported revenue of $18.5M.
Does IPW pay dividends?
iPower Inc. does not currently pay dividends.
Where can I find IPW SEC filings?
Official SEC filings for iPower Inc. (CIK: 0001830072) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is IPW's EPS?
iPower Inc. has a diluted EPS of $-4.32.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is IPW's fundamental grade?
Based on our AI fundamental analysis in June 2026, iPower Inc. has a C grade with 72% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is IPW stock overvalued or undervalued?
Valuation metrics for IPW: ROE of -30.2% (sector avg: 18%), net margin of -28.0% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.
What is IPW's AI grade for 2026?
Our dual AI analysis gives iPower Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is IPW's free cash flow?
iPower Inc.'s operating cash flow is $430.4K, with capital expenditures of $163.6K. FCF margin is 1.4%.
How does IPW compare to other Consumer stocks?
Vs Consumer sector averages: Net margin -28.0% (avg: 8%), ROE -30.2% (avg: 18%), current ratio 2.20 (avg: 1.5).