| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 12.02 | 36.8% |
| Total Income | 12.02 | 36.8% |
| Expenditure | 13.71 | 37.0% |
| PBT | -1.00 | 62.5% |
| Net Profit | -0.53 | 73.9% |
| OPM | -14.11% | 0.34pp |
| NPM | -4.44% | 6.24pp |
| EPS | -0.51 | 750.0% |
iPower Reports Q1 2026 Revenue at $12.0 Million
04 May 2026 · 4 May, 7:11 am
Summary
iPower Inc. reported its fiscal first quarter 2026 results, with total revenue at $12.0 million compared to $19.0 million in the same period last year. The net loss attributable to iPower improved to $0.5 million, or $(0.51) per share, compared to a net loss of $2.1 million, or $(1.94) per share, in the prior year. The company's total debt was reduced by 48% to $1.9 million. Management is focused on building a more efficient, agile, and profitable organization.
Key Highlights
- 1
Total revenue was $12.0 million compared to $19.0 million in the year-ago quarter.
- 2
Service income increased by more than 2x to $1.5 million.
- 3
Gross profit was $4.8 million, with a gross margin of 40.0% compared to 44.7% in the prior year.
- 4
Net loss attributable to iPower improved to $0.5 million, or $(0.51) per share, compared to a net loss of $2.1 million, or $(1.94) per share, in the same period last year.
- 5
Total operating expenses decreased by 42% to $6.5 million.
- 6
Total debt was reduced by 48% to $1.9 million as of September 30, 2025, compared to $3.7 million as of June 30, 2025.
Management Comments
Lawrence Tan
Fiscal 2026 is off to a solid start as we are beginning to see the benefits of the strategic optimization initiatives we implemented last year. Our disciplined approach to cost management, including targeted reductions in operating expenses, contributed to a meaningful improvement in our bottom line for the quarter. These efficiencies, combined with our material reduction in debt obligations, underscore the progress we are making in strengthening the fundamentals of our business. We are also seeing tangible benefits from our transition toward a more diversified and domestically anchored supply chain. The shift away from a China import–centric model has enhanced our logistical control, reduced exposure to tariff-related volatility, and improved our ability to respond quickly to customer demand. Additionally, our U.S. joint-venture manufacturing line continues to scale, supporting margin stability and providing a platform for long-term operational resilience. Looking ahead, we remain focused on building a more efficient, agile, and profitable organization. As part of our Digital Asset Strategy, which remains subject to implementation, we aim to leverage our retail and e-commerce infrastructure to connect consumers with digital-asset products from licensed providers, broadening access and creating value for customers, partners, and shareholders. With a streamlined cost structure, strong operational momentum, and an expanding network of SuperSuite partners, we believe we are well positioned to drive sustainable growth and create long-term value for our shareholders.
Informational and educational content only. Not investment advice.