iPower Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $20.0M | $63.2M | $86.1M | $88.9M | $79.4M | $54.1M | $39.9M |
| Cost of Revenue | $15.9M | $35.9M | $48.0M | $54.1M | $46.2M | $31.3M | $24.8M |
| Gross Profit | $4.0M | $27.4M | $38.1M | $34.8M | $33.2M | $22.8M | $15.1M |
| Gross Margin | 20.2% | 43.3% | 44.3% | 39.1% | 41.8% | 42.2% | 37.9% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | — | $12.7M | $12.1M | $12.8M | $11.7M | $6.4M | $3.3M |
| Operating Income | $-14.4M | $-6.3M | $-962.9K | $-13.5M | $2.3M | $3.0M | $2.9M |
| Operating Margin | -72.3% | -10.0% | -1.1% | -15.2% | 2.9% | 5.5% | 7.3% |
| Interest Expense | $132.1K | $427.0K | $739.2K | $980.1K | $359.4K | $0 | — |
| Pretax Income | $-16.5M | $-6.7M | $-1.8M | $-14.7M | $2.1M | $-9.0K | $2.8M |
| Income Tax Expense | $-3.1M | $-1.3M | $-251.4K | $-2.7M | $559.0K | $766.8K | $773.4K |
| Net Income | $-11.6M | $-5.0M | $-1.5M | $-12.0M | $1.5M | $-775.7K | $2.0M |
| Net Margin | -58.2% | -7.9% | -1.8% | -13.5% | 1.9% | -1.4% | 5.0% |
| EPS (Basic) | $-345.16 | $-341.28 | $-0.05 | $-0.40 | $0.06 | $-0.04 | $0.10 |
| EPS (Diluted) | $-345.16 | $-341.28 | $-0.05 | $-0.40 | $0.06 | $-0.04 | $0.10 |
| Shares Outstanding (Basic) | 33.7K | 31.4M | 29.9M | 29.7M | 27.8M | 21.1M | 20.2M |
| Shares Outstanding (Diluted) | 33.7K | 31.4M | 29.9M | 29.7M | 27.8M | 21.1M | 20.2M |
| Dividends Per Share | — | — | — | — | — | — | — |