Where Ipower stands after its latest 10-K
Revenue for the twelve months to June 2026 was $24m, down 62.8% on a year earlier, a steeper fall than the 54.8% decline a quarter earlier. Free-cash-flow margin held at -0.7%. Operating margin narrowed to -60.5% from -9.1%. The diluted share count is up 857.5% on a year earlier, which dilutes existing holders. It passes 3 of our 7 financial-health checks.
Our model value for Ipower is under review, so past values are not shown until it is resolved.
Source: 10-K filed October 2, 2026 on SEC EDGAR · Financials · Valuation