iPower Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $478.0K | $1.7M | $7.2M | $3.7M | $1.8M | $6.7M | $977.6K |
| Accounts Receivable | $4.4M | $6.1M | $14.7M | $14.1M | $17.4M | $7.9M | $6.1M |
| Inventory | $0 | $8.1M | $10.5M | $20.6M | $30.4M | $13.1M | $5.7M |
| Total Current Assets | $10.6M | $19.4M | $35.0M | $41.3M | $55.2M | $32.3M | $13.4M |
| Property, Plant & Equipment | $136.5K | $390.3K | $370.9K | $536.4K | $544.6K | $55.7K | $6.3K |
| Goodwill | $0 | $3.0M | $3.0M | $3.0M | $6.1M | $0 | — |
| Intangible Assets (Excl. Goodwill) | $2.3M | $3.0M | $3.6M | $4.3M | $4.9M | $0 | — |
| Total Assets | $29.0M | $35.6M | $51.3M | $60.1M | $78.6M | $35.6M | $13.7M |
| Liabilities | |||||||
| Accounts Payable | $3.5M | $7.2M | $11.2M | $13.2M | $9.5M | $3.9M | $4.2M |
| Total Current Liabilities | $7.3M | $14.5M | $23.8M | $23.3M | $22.9M | $9.0M | $10.2M |
| Long-Term Debt | — | — | — | — | — | $458.6K | $500.0K |
| Total Liabilities | $12.0M | $17.4M | $28.3M | $39.2M | $46.2M | $10.7M | $10.7M |
| Stockholders' Equity | |||||||
| Retained Earnings | $-26.8M | $-15.2M | $-10.2M | $-8.7M | $3.3M | $1.7M | $2.5M |
| Total Stockholders' Equity | $16.9M | $18.3M | $23.0M | $20.9M | $32.4M | $25.0M | $2.9M |