Quarterly ResultMay 20, 2026, 05:02 PM
iPower Q3 GAAP Net Loss $(3.5)M; Non-GAAP Loss Narrows; Launches AI Strategy
AI Summary
iPower Inc. reported fiscal third-quarter 2026 financial results, showing continued progress in its strategic operating reset. Revenue from continuing operations was $3.5 million, with a GAAP net loss of $(3.5) million, primarily due to a non-cash goodwill impairment. However, non-GAAP net loss narrowed to $(0.3) million, and operating expenses significantly declined. The company also strengthened its platform through asset-light operations, contracted sublease income, and the launch of an AI infrastructure strategy.
Key Highlights
- Revenue from continuing operations was $3.5 million for fiscal Q3 2026.
- Gross profit was $0.8 million, with a gross margin of 21.6%.
- Total operating expenses declined 66% sequentially to $1.9 million.
- GAAP net loss was $(3.5) million, including a $3.0 million non-cash goodwill impairment.
- Non-GAAP net loss narrowed to $(0.3) million, compared to $(0.7) million in the prior-year quarter.
- Current assets were $14.5 million and current liabilities $6.6 million, resulting in a 2.2x current ratio.
- Entered a sublease agreement for over $2.6 million in contracted income through May 2028.
- Launched an AI infrastructure strategy with an initial commitment of up to $3 million for sUSDai.
- Inventory declined to $2.5 million from $8.1 million at June 30, 2025.
Price Impact
More from IPW