📊 IPW Key Takeaways
Is iPower Inc. (IPW) a Good Investment?
iPower is experiencing explosive revenue growth (15263% YoY) but remains deeply unprofitable with negative operating and net margins, suggesting the revenue surge is not yet translating to sustainable earnings. The company exhibits concerning profitability trends with net income deteriorating 225% YoY despite massive top-line growth, indicating operational challenges and potential losses on incremental sales.
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.
Why Buy iPower Inc. Stock? IPW Key Strengths
- Exceptional revenue growth of 15263% year-over-year demonstrates significant market traction and demand
- Solid gross margin of 41.5% indicates reasonable product pricing power and cost management at the unit level
- Strong liquidity position with current ratio of 1.83x and quick ratio of 1.38x provides financial flexibility
- Minimal leverage with debt-to-equity ratio of 0.02x provides debt capacity for future capital needs
- 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
- Company is unprofitable with negative operating margin of -21.6% and net margin of -9.0%, losing money on revenues
- Net income deteriorated 225% year-over-year despite 15263% revenue growth, signaling severe operational inefficiency and inability to scale profitably
- Negative interest coverage ratio of -31.3x indicates operating losses cannot service debt, creating financial distress risk
- Low absolute cash position of $2.0M relative to $16.0M liabilities limits runway for continued losses
- Negative ROE of -9.6% and ROA of -5.1% show value destruction for shareholders and asset base
- 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
- Path to operating profitability and operating margin expansion toward positive territory
- Gross margin sustainability as revenue scales and competitive dynamics potentially intensify
- Operating cash flow sustainability and whether $600.3K free cash flow can support ongoing losses
- Cash burn rate and timeline to cash depletion at current loss levels
- 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 3.1% FCF margin may limit capital allocation flexibility.
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 Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are IPW's key strengths?
Claude: Exceptional revenue growth of 15263% year-over-year demonstrates significant market traction and demand. Solid gross margin of 41.5% indicates reasonable product pricing power and cost management at the unit level. 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: Company is unprofitable with negative operating margin of -21.6% and net margin of -9.0%, losing money on revenues. Net income deteriorated 225% year-over-year despite 15263% revenue growth, signaling severe operational inefficiency and inability to scale profitably. 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 $19.2M.
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 $-1.60.
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 rating reflects both perspectives for balanced insights.
Is IPW a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, iPower Inc. has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is IPW stock overvalued or undervalued?
Valuation metrics for IPW: ROE of -9.6% (sector avg: 18%), net margin of -9.0% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.
Should I buy IPW stock in 2026?
Our dual AI analysis gives iPower Inc. a combined SELL rating 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 $763.9K, with capital expenditures of $163.6K. FCF margin is 3.1%.
How does IPW compare to other Consumer stocks?
Vs Consumer sector averages: Net margin -9.0% (avg: 8%), ROE -9.6% (avg: 18%), current ratio 1.83 (avg: 1.5).