Filing Flows › iPower (IPW) › Q3 FY26
iPower (IPW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 20, 2026
iPower (IPW) reported revenue of $3.5M for the third quarter fiscal 2026 (Q3 FY26), -78% from a year earlier and -51% from the quarter before. Operating margin was -32.7%, net loss $3.5M (98.7% of revenue).
iPower, Q3 FY26: revenue $3.5M (-78% year over year), operating margin -32.7%, net loss $3.5M, operating cash flow −$334K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | -51% | -78% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$334K | — | -138% |
What changed
Revenue was $3.5M in Q3 FY26, down 78% year over year and down 51% from the previous quarter.
Gross margin was 21.6%, down 21.1 points from Q3 FY25. Operating costs exceeded revenue by $1.1M, an operating margin of -32.7%. Operating expenses fell 74% while revenue fell 78%. The quarter ended with a net loss of $3.5M, wider than the previous quarter's $1.2M loss. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was −$334K. Non-cash charges added back $183K of depreciation and amortization and $150K of share-based compensation. Working capital and other items added $2.8M.
Questions
What was iPower's revenue in the third quarter fiscal 2026?
iPower (IPW) reported revenue of $3.5M for the third quarter fiscal 2026 (Q3 FY26), -78% from a year earlier and -51% from the quarter before.
Was iPower profitable in the third quarter fiscal 2026?
Operating loss was $1.1M (-32.7% of revenue) and net loss $3.5M.
Source: iPower 10-Q on SEC EDGAR.