Ipower Inc. income statement
In fiscal 2026, Ipower Inc. reported revenue of $20.0m, down 68.4% on the year before, operating income of −$14.4m (a -72.3% margin) and net income of −$11.6m, or −$345.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Jun 2020 | 2021Jun 2021 | 2022Jun 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 40 | 54 | 79 | 89 | 86 | 63 | 20 |
| Cost of revenue | 25 | 31 | 46 | 54 | 48 | 36 | 16 |
| Gross profit | 15 | 23 | 33 | 35 | 38 | 27 | 4 |
| Selling, general and administrative | 3 | 6 | 12 | 13 | 12 | 13 | — |
| Operating income | 3 | 3 | 2 | −13 | −1 | −6 | −14 |
| Interest expense | — | 0 | 0 | 1 | 1 | 0 | 0 |
| Net interest income | −0 | −0 | −0 | −1 | −1 | −0 | −1 |
| Income before tax | 3 | −0 | 2 | −15 | −2 | −7 | −16 |
| Income tax | 1 | 1 | 1 | −3 | −0 | −1 | −3 |
| Net income | 2 | −1 | 2 | −12 | −2 | −5 | −12 |
| Diluted EPS | $0.10 | −$0.04 | $0.06 | −$0.40 | −$0.05 | −$341.28 | −$345.16 |
| Diluted shares (average) | 20m | 21m | 28m | 30m | 30m | — | — |
| EBITDA | 3 | 3 | 3 | −13 | −0 | −6 | −14 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 19 | 16 | 11 | 12 | 7 | 3 | 1 |
| Cost of revenue | 11 | 11 | 9 | 6 | 7 | 4 | 3 | 4 |
| Gross profit | 8 | 8 | 7 | 4 | 5 | 3 | 1 | −3 |
| Selling, general and administrative | 5 | 3 | 2 | 2 | 1 | 3 | — | — |
| Operating income | −3 | 1 | −0 | −4 | −2 | −2 | −1 | −9 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net interest income | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Income before tax | −3 | 0 | −0 | −4 | −1 | −2 | −6 | −8 |
| Income tax | −1 | 0 | 0 | −1 | −0 | −1 | −0 | −1 |
| Net income | −2 | 0 | −0 | −3 | −1 | −1 | −3 | −6 |
| Diluted EPS | −$1.94 | $0.21 | −$0.33 | −$339.22 | −$0.51 | −$1.08 | −$2.38 | −$340.84 |
| EBITDA | −3 | 1 | −0 | −3 | −1 | −2 | −1 | −9 |
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