IPOWER (IPW)
NASDAQ:IPW
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IPOWER
(NASDAQ:IPW)
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Rating:44Neutral
Price Target:
$1.50
▼(-77.27% Downside)
Action:ReiteratedDate:03/28/26
The score is primarily held down by weak financial performance (declining revenue, recurring losses, and cash flow turning negative) and very bearish technicals (deep downtrend with negative MACD). Corporate events provide some offset via restructuring and capital actions (financing and buyback authorization), but valuation support is limited given a negative P/E and no stated dividend yield.
Positive Factors
Improved leverage and positive equity
Capital structure has meaningfully improved over recent years, lowering leverage and preserving positive equity. A more moderate debt load reduces refinancing and insolvency risk, providing durable financial flexibility to support operations and strategic choices over the next several quarters.
Negative Factors
Declining revenue and recurring losses
Sustained top-line decline and repeated net losses indicate weakening demand and scale erosion. Persistent losses undermine reinvestment ability and make achieving durable operating leverage harder, increasing reliance on external financing over the next several quarters if revenue does not stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and positive equity
Capital structure has meaningfully improved over recent years, lowering leverage and preserving positive equity. A more moderate debt load reduces refinancing and insolvency risk, providing durable financial flexibility to support operations and strategic choices over the next several quarters.
Read all positive factors
IPOWER (IPW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.49M
Dividend YieldN/A
Average Volume (3M)33.40K
Price to Earnings (P/E)―
Beta (1Y)2.77
Revenue Growth-24.72%
EPS Growth-51.43%
CountryUS
Employees60
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-1.08
Shares Outstanding1,322,477
10 Day Avg. Volume19,189
30 Day Avg. Volume33,400
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.11
Price to Sales (P/S)0.31
P/FCF Ratio-27.38
Enterprise Value/Market Cap6.65
Enterprise Value/Revenue0.21
Enterprise Value/Gross Profit0.50
Enterprise Value/Ebitda-2.33
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IPOWER Business Overview & Revenue Model
Company Description
iPower Inc. engages in the online retail of hydroponics equipment in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing medi...
How the Company Makes Money
iPower primarily makes money by selling products through e-commerce channels. Its main revenue stream is product sales to end customers via online marketplaces (and, where applicable, its own e-commerce storefronts), which include both (a) branded...
IPOWER Key Performance Indicators (KPIs)
Any
Revenue By Type
Highlights the different sources of revenue, providing insight into which products or services are driving growth and how diversified the company's income streams are.
Highlights the different sources of revenue, providing insight into which products or services are driving growth and how diversified the company's income streams are.
Data provided by:
The Fly
The FlyIPOWER Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong efforts in supply chain diversification and debt reduction, as well as a significant milestone in SuperSuite's revenue contribution. However, the company faced challenges with a decline in total revenue, gross margin, and profitability. While strategic initiatives are promising, the financial declines slightly overshadow the positive developments.Positive Updates
SuperSuite Revenue Milestone
SuperSuite now accounts for approximately 20% of iPower's total revenue mix, highlighting the growing demand and adoption of their integrated supply chain offerings.
Negative Updates
Revenue Decline
Total revenue for fiscal Q3 2025 was $16.6 million, a decrease from $23.3 million in the previous year, primarily due to lower product sales to the largest channel partner.
Read all updates
Q3-2025 Updates
Positive
Negative
SuperSuite Revenue Milestone
SuperSuite now accounts for approximately 20% of iPower's total revenue mix, highlighting the growing demand and adoption of their integrated supply chain offerings.
Read all positive updates
Company Guidance
During the fiscal third quarter of 2025, iPower made strategic strides to strengthen its operational foundation amid a cautious demand environment. With total revenue at $16.6 million, down from $23.3 million the previous year, the company attributed this decline to reduced product sales to its largest channel partner, although it saw growth in its SuperSuite supply chain offerings, which now represent 20% of total revenue. Gross profit was $7.2 million with a gross margin at 43.3%, down from 47% a year prior due to increased service income. Operating expenses decreased by 15% to $7.4 million, driven by lower general and administrative costs and reduced selling expenses. Despite a net loss of $340,000, iPower improved its financial stability by reducing total debt by 43% to $3.6 million. The company continues to diversify its supply chain, emphasizing U.S.-based manufacturing and suppliers to enhance agility and reduce geopolitical risks. Looking forward, iPower's disciplined capital allocation and strategic initiatives, including its Made in USA module, aim to bolster long-term growth and market competitiveness.IPOWER Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
49
Neutral
Cash Flow
37
Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.21M | 66.14M | 86.07M | 88.90M | 79.42M | 54.08M |
| Gross Profit | 20.06M | 28.99M | 39.25M | 34.80M | 33.20M | 22.82M |
| EBITDA | -4.27M | -3.24M | 1.51M | -10.19M | 3.20M | 2.97M |
| Net Income | -4.88M | -4.97M | -1.53M | -11.97M | 1.52M | -775.75K |
Balance Sheet | ||||||
| Total Assets | 34.76M | 35.64M | 51.30M | 60.09M | 78.58M | 35.64M |
| Cash, Cash Equivalents and Short-Term Investments | 4.22M | 2.01M | 7.38M | 3.74M | 1.82M | 6.65M |
| Total Debt | 12.99M | 8.01M | 12.89M | 20.07M | 26.82M | 2.55M |
| Total Liabilities | 16.77M | 17.37M | 28.28M | 39.23M | 46.18M | 10.65M |
| Stockholders Equity | 18.03M | 18.32M | 23.05M | 20.89M | 32.41M | 24.99M |
Cash Flow | ||||||
| Free Cash Flow | -30.14K | -742.78K | 6.16M | 9.07M | -17.09M | -12.82M |
| Operating Cash Flow | 1.57M | -579.19K | 6.16M | 9.21M | -16.60M | -12.76M |
| Investing Cash Flow | -6.97M | -2.04M | 0.00 | -140.81K | -139.39K | -61.50K |
| Financing Cash Flow | 4.38M | -3.00M | -2.40M | -7.15M | 11.91M | 18.49M |
IPOWER Technical Analysis
Negative
6.60
Price Trends
2.49
Negative
5.64
Negative
11.48
Negative
Market Momentum
-0.39
Negative
22.21
Positive
16.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPW, the sentiment is Negative. The current price of 6.6 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 2.49, and below the 200-day MA of 11.48, indicating a bearish trend. The MACD of -0.39 indicates Negative momentum. The RSI at 22.21 is Positive, neither overbought nor oversold. The STOCH value of 16.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPW.
IPOWER Risk Analysis
IPOWER disclosed 65 risk factors in its most recent earnings report. IPOWER reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
IPOWER Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $40.88M | 2.47 | -95.47% | ― | -34.42% | ― | |
49 Neutral | $18.64M | ― | -9.51% | ― | -12.53% | -3.24% | |
44 Neutral | $1.49M | -1.73 | -17.74% | ― | -24.72% | -51.43% | |
44 Neutral | $7.73M | -0.31 | ― | ― | -35.95% | 26.08% | |
40 Underperform | $4.42M | -0.27 | -373.22% | ― | -39.99% | -26.44% |
* Consumer Cyclical Sector Average
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IPOWER Corporate Events
Stock BuybackPrivate Placements and Financing
IPOWER Announces New Notes Financing and Share Repurchase
Positive
Feb 10, 2026
On February 9–10, 2026, iPower Inc. completed an additional mandatory closing under its existing securities purchase agreement with an institutional investor, issuing $2.0 million in principal amount of additional series A senior secured con...
Business Operations and StrategyM&A Transactions
iPower Restructures Operations and Divests GPM Sales Unit
Positive
Feb 2, 2026
On February 1, 2026, iPower Inc. executed a series of restructuring transactions under which it acquired software assets from its then-wholly owned subsidiary Global Product Marketing Inc. (GPM), granted GPM a perpetual license to use and modify t...
Business Operations and Strategy
iPower Launches Digital Asset Treasury with Bitcoin, Ethereum
Positive
Dec 29, 2025
On December 29, 2025, iPower Inc. announced the formal launch and initial execution of its Digital Asset Treasury strategy with the purchase of approximately $2.2 million in Bitcoin and Ethereum, executed on December 26, 2025 through a subsidiary ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.