Filing Flows › iPower (IPW) › Q4 FY25
iPower (IPW) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Oct 9, 2025
iPower (IPW) reported revenue of $10.6M for the fourth quarter fiscal 2025 (Q4 FY25), -46% from a year earlier and -34% from the quarter before. Operating margin was -33.4%, net loss $2.8M (26.6% of revenue).
iPower, Q4 FY25: revenue $10.6M (-46% year over year), operating margin -33.4%, net loss $2.8M, operating cash flow −$79K. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | -34% | -46% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | −$79K | -109% | — |
What changed
Revenue was $10.6M in Q4 FY25, down 46% year over year and down 34% from the previous quarter.
Gross margin was 57.6%, up 13.0 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -33.4%. Operating expenses grew 30% against a revenue fall of 46%. The fastest-growing cost line was Other operating costs (+61%). The quarter ended with a net loss of $2.8M, wider than the previous quarter's $342K loss.
Operating cash flow was −$79K. Non-cash charges added back $193K of depreciation and amortization and $130K of share-based compensation. Working capital and other items added $2.4M.
Questions
What was iPower's revenue in the fourth quarter fiscal 2025?
iPower (IPW) reported revenue of $10.6M for the fourth quarter fiscal 2025 (Q4 FY25), -46% from a year earlier and -34% from the quarter before.
Was iPower profitable in the fourth quarter fiscal 2025?
Operating loss was $3.5M (-33.4% of revenue) and net loss $2.8M.
Source: iPower 10-K on SEC EDGAR.