Filing Flows

Filing Flows › Consumer Discretionary › iPower (IPW)

iPower (IPW) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Oct 2, 2026 · iPower (IPW) Q4 FY26 earnings results →

Q4 FY26 Revenue down 86% year over year to $1.4M · 449¢ of every $1 of revenue lost · operating margin -648.0%

iPower made $1.4M in Q4 FY26 (-86% Y/Y): Product $1.4M, Service $1K. Operating margin -648.0%, net loss $6.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Oct 2, 2026.

Revenue$1.4M
Year over year-86%
Operating margin-648.0%
Net earnings−$6.4M
Operating cash flow−$594K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.4M in Q4 FY26, down 86% year over year and down 59% from the previous quarter. Product was the largest line at 100% of revenue.

Operating costs exceeded revenue by $9.3M, an operating margin of -648.0%. The fastest-growing cost line was Other operating costs (+15%). The quarter ended with a net loss of $6.4M, wider than the previous quarter's $3.5M loss. Non-operating items added $1.6M, -21% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$594K. Non-cash charges added back $182K of depreciation and amortization. Working capital and other items added $5.7M.

Quarterly history

iPower revenue by quarteriPower revenue by quarter$19.1MQ2 FY25$16.0MQ3 FY25$10.6MQ4 FY25$12.0MQ1 FY26$7.1MQ2 FY26$3.5MQ3 FY26$1.4MQ4 FY26
iPower net earnings by quarteriPower net earnings by quarter$216KQ2 FY25−$342KQ3 FY25−$2.8MQ4 FY25−$534KQ1 FY26−$1.2MQ2 FY26−$3.5MQ3 FY26−$6.4MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KOct 2, 2026$1.4M-86%-648.0%−$6.4M−$594K
Q3 FY2610-QMay 20, 2026$3.5M-78%-32.7%−$3.5M−$334K
Q2 FY2610-QFeb 20, 2026$7.1M-63%-34.2%−$1.2M−$923K
Q1 FY2610-QNov 14, 2025$12.0M-37%-14.1%−$534K$1.7M
Q4 FY2510-KOct 9, 2025$10.6M-46%-33.4%−$2.8M−$79K
Q3 FY2510-QMay 15, 2025$16.0M-31%-1.7%−$342K$888K
Q2 FY2510-QFeb 14, 2025$19.1M+14%3.6%$216K$28K

Charts

iPower: revenue growth, year over year and quarter over quarteriPower: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q2 FY25-31%-16%Q3 FY25-46%-34%Q4 FY25-37%+14%Q1 FY26-63%-41%Q2 FY26-78%-51%Q3 FY26-86%-59%Q4 FY26
Latest (Q4 FY26): Y/Y -86%, Q/Q -59%.
iPower: where the cash came from (+) and went (−), FY26iPower: where the cash came from (+) and went (−), FY26Net borrowing (+) / repaid (−)$6.5MOther investing−$4.9MCash drawn (+) / kept (−)−$1.7MAsset & business sales$192KOperating cash flow−$163KExchange rates$66KBuybacks−$42K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
iPower: profit against cash, quarter by quarteriPower: profit against cash, quarter by quarterNet incomeOperating cash flow−$2.0M−$1.4MQ1 FY25$219K$28KQ2 FY25−$340K$888KQ3 FY25−$2.8M−$79KQ4 FY25−$534K$1.7MQ1 FY26−$1.2M−$923KQ2 FY26−$3.5M−$334KQ3 FY26−$6.4M−$594KQ4 FY26
Latest (Q4 FY26): Net income −$6.4M, Operating cash flow −$594K.
iPower: diluted shares by fiscal yeariPower: diluted shares by fiscal year21MFY2128MFY2230MFY2330MFY240MFY250MFY26
-99.8% since FY21: buybacks shrank the count.
iPower in its industry: growth against margin (5 companies, SIC 5200)iPower in its industry: growth against margin (5 companies, SIC 5200)revenue growth, year over year →↑ operating marginmedian +6%median 8%SHWTSCOFASTGRWGIPW (-86%, -100%)
Retail-Building Materials, Hardware, Garden Supply; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Sells to

About iPower

iPower Inc., formerly known as BZRTH Inc., a Nevada corporation (the “Company”), was incorporated on April 11, 2018. The Company is principally engaged in the marketing and sale of consumer home, garden and other products and accessories mainly in North America. On May 18, 2021, the Company acquired 100% of the equity ownership of its variable interest entity, E Marketing Solution Inc. (“E Marketing”), an entity incorporated in California and owned by one of the minority shareholders of the Company. As a result, E Marketing became the Company’s wholly owned subsidiary.

In its own words, from its 10-Q, filed May 20, 2026.

iPower against its Retail-Building Materials, Hardware, Garden Supply peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -86% against the peers' median +6%. Operating margin: -648.0% against the peers' median 7.9%.

CompanyQuarterRevenueY/YOp. margin
IPW iPowerQ4 FY26$1.4M-86%-648.0%
SHW Sherwin WilliamsQ3 2026$6.9B+8%15.5%
TSCO Tractor SupplyQ3 2026$3.9B+5%7.9%
FAST FastenalQ3 2026$2.5B+16%21.5%
GRWG GrowGenerationQ2 2026$43.2M+6%-5.4%

Source: iPower 10-K on SEC EDGAR · CIK 1830072 · Retail-Building Materials, Hardware, Garden Supply

More on IPW

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

Compare IPW with

中文版：iPower（IPW）财报

Español · Français