Filing Flows › iPower (IPW) › Q2 FY26
iPower (IPW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 20, 2026
iPower (IPW) reported revenue of $7.1M for the second quarter fiscal 2026 (Q2 FY26), -63% from a year earlier and -41% from the quarter before. Operating margin was -34.2%, net loss $1.2M (16.7% of revenue).
iPower, Q2 FY26: revenue $7.1M (-63% year over year), operating margin -34.2%, net loss $1.2M, operating cash flow −$923K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -41% | -63% |
| Operating profit | −$2.4M | — | -457% |
| Net earnings | −$1.2M | — | -653% |
| Operating cash flow | −$923K | -155% | -3428% |
What changed
Revenue was $7.1M in Q2 FY26, down 63% year over year and down 41% from the previous quarter.
Gross margin was 44.0%, unchanged from Q2 FY25. Operating costs exceeded revenue by $2.4M, an operating margin of -34.2%. Operating expenses fell 28% while revenue fell 63%. The quarter ended with a net loss of $1.2M, wider than the previous quarter's $534K loss. Non-operating items added $424K, -21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$923K. Non-cash charges added back $198K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $877K.
Questions
What was iPower's revenue in the second quarter fiscal 2026?
iPower (IPW) reported revenue of $7.1M for the second quarter fiscal 2026 (Q2 FY26), -63% from a year earlier and -41% from the quarter before.
Was iPower profitable in the second quarter fiscal 2026?
Operating loss was $2.4M (-34.2% of revenue) and net loss $1.2M.
Source: iPower 10-Q on SEC EDGAR.