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Ipower Inc. key statistics and ratios

In fiscal 2026, Ipower Inc. had return on equity of -66.0% and a net margin of -58.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Jun 20202021Jun 20212022Jun 20222023Jun 20232024Jun 20242025Jun 20252026Jun 2026
Net margin5.0%−1.4%1.9%−13.5%−1.8%−7.9%−58.2%
Return on equity67.8%−5.6%5.3%−44.9%−7.0%−24.1%−66.0%
Return on assets14.5%−3.1%2.7%−17.3%−2.7%−11.4%−36.0%
Effective tax rate28.0%—27.1%————
SG&A as % of revenue8.2%11.8%14.7%14.4%14.1%20.0%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · June 30, 2026
What it owns · $29m
Short-term assets $11mLonger-term assets $18m
What it owes, and who funded it · $29m
Short-term liabilities $7mLonger-term liabilities $5mShareholders' equity $17m
  • Short-term assets cover short-term liabilities $11m of assets due within a year against $7m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $11m short-term assets against $5m of longer-dated liabilities.
  • More cash than debt $478,042 of cash against $3m of debt.
  • Debt below 40% of shareholders' equity Debt is 16% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 2% to 16% over five years.
  • A year's operating cash flow covers at least 20% of debt −$163,466 of operating cash flow against $3m of debt.
  • Operating profit covers interest at least five times over Operating income of −$15m against $132,025 of interest.

From Ipower Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

50 /100

Moderate moat

How hard Ipower's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 56.8% of total assets over 5 years.

  • Pricing power 10 / 20

    Gross margin has been a median 42.0%, moving by 6.8 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -5.1%; its worst year was -60.5%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: IPW vs NAASIPW vs NEXRIPW vs RECT

More: Other Specialty Retail stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Ipower Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ipower Inc.