Filing Flows › iPower (IPW) › Q1 FY26
iPower (IPW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 14, 2025
iPower (IPW) reported revenue of $12.0M for the first quarter fiscal 2026 (Q1 FY26), -37% from a year earlier and +14% from the quarter before. Operating margin was -14.1%, net loss $534K (4.4% of revenue).
iPower, Q1 FY26: revenue $12.0M (-37% year over year), operating margin -14.1%, net loss $534K, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | +14% | -37% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$534K | — | — |
| Operating cash flow | $1.7M | — | — |
What changed
Revenue was $12.0M in Q1 FY26, down 37% year over year and up 14% from the previous quarter. Product was the largest line at 87% of revenue. Product lost $7.8M year over year (down 43%), 111% of the total change.
Gross margin was 40.0%, down 4.7 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -14.1%. Operating expenses fell 42% while revenue fell 37%. The quarter ended with a net loss of $534K, narrower than the previous quarter's $2.8M loss. Non-operating items added $698K, -70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.7M. Non-cash charges added back $198K of depreciation and amortization and $150K of share-based compensation. Working capital and other items added $1.9M.
Questions
What was iPower's revenue in the first quarter fiscal 2026?
iPower (IPW) reported revenue of $12.0M for the first quarter fiscal 2026 (Q1 FY26), -37% from a year earlier and +14% from the quarter before.
Was iPower profitable in the first quarter fiscal 2026?
Operating loss was $1.7M (-14.1% of revenue) and net loss $534K.
Source: iPower 10-Q on SEC EDGAR.