| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 7.13 | 40.7% | 62.6% |
| Total Income | 7.13 | 40.7% | 62.6% |
| Expenditure | 9.57 | 30.2% | 48.0% |
| PBT | -2.01 | 101.0% | 691.2% |
| Net Profit | -1.19 | 124.5% | 640.9% |
| OPM | -34.18% | 20.07pp | 37.76pp |
| NPM | -16.73% | 12.29pp | 17.87pp |
| EPS | -1.08 | 111.8% | 10900.0% |
iPower Reports Fiscal Q2 2026 Results
04 May 2026 · 4 May, 1:12 am
Summary
iPower Inc. reported fiscal second quarter 2026 results, with revenue at $7.1 million. Gross profit was $3.1 million, maintaining a 44.0% gross margin. Operating expenses decreased 28% year-over-year to $5.6 million. The company reported a net loss of $1.2 million, or $(1.08) per share. Subsequent to quarter-end, iPower divested Global Product Marketing Inc. for approximately $2.3 million and authorized a $2 million share repurchase program.
Key Highlights
- 1
iPower's revenue for the fiscal second quarter of 2026 was $7.1 million.
- 2
Gross profit was $3.1 million, with a gross margin of 44.0%.
- 3
Total operating expenses decreased by 28% year-over-year to $5.6 million.
- 4
Net loss attributable to iPower was $1.2 million, or $(1.08) per share.
- 5
The company completed the divestiture of Global Product Marketing Inc. for approximately $2.3 million in total consideration.
- 6
iPower authorized a $2 million share repurchase program.
- 7
Short-term debt declined to $2.6 million as of December 31, 2025, from $3.7 million as of June 30, 2025.
Management Comments
Lawrence Tan
Our fiscal second quarter reflects a deliberate strategic transition. In December 2025, we implemented our first institutional Digital Asset Treasury strategy, advancing our crypto infrastructure initiatives while maintaining disciplined execution across our core operations. At the same time, we made the active decision to restructure our supply chain, consolidate vendors, and shift toward primarily U.S.-based sourcing. While this transition temporarily reduced revenue levels, we believe this transition will strengthen long-term reliability, margin stability, and operational control. Subsequent to quarter-end, we divested GPM, which historically represented a significant operating cost center, materially lowering our forward expense base. Importantly, our Board authorized iPower’s first-ever $2 million share repurchase program, reflecting confidence in our strengthened balance sheet and the long-term value of our business. The February restructuring was not simply a divestiture — it marked the beginning of a new chapter for iPower. We streamlined our sourcing, strengthened our financial position, reduced structural costs, and positioned our business to selectively invest in infrastructure-driven growth opportunities.
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