iPower Inc.

23.21-5.89 (-20.2%)

Oct 29, 4:00:01 PM EDT · NasdaqCM · IPW · USD

Upcoming Earnings

Report date

≈ Nov 13, 2025 (in 14 days)

Key Stats

Market Cap

24.37M

P/E (TTM)

Basic EPS (TTM)

-4.80

Dividend Yield

Recent Filings

8-K

10/21/25Oct 21, 2025

10-K

FY2025 results

10/9/25Oct 9, 2025

iPower Inc. posted FY2025 revenue of $66.1M, down 23% y/y, with Q4 contributing $11.5M—a 41% sequential drop from Q3's $19.5M—amid tariff uncertainties curbing Amazon orders and inventory optimization. Gross margins held steady at 43.8% annually, dipping to 43.0% in Q4 from 44.6% y/y, as service income grew but product volumes fell; operating loss widened to $5.9M from $1.0M, driven by higher G&A from SuperSuite expansion and credit reserves. Q4 momentum showed deceleration in growth rates, with home goods (81% of sales) sustaining the core but hydroponics (19%) softening; no segments drove outsized Q4 gains. Liquidity strengthened with debt cut 41% to $3.7M and $2.0M cash, supporting capex in domestic manufacturing via a new joint venture—no dividends or buybacks occurred. No annual guidance disclosed. Yet supply chain localization curbs tariff risks.

8-K

LLC Agreement Amendment

9/9/25Sep 9, 2025

iPower Inc. amended its LLC operating agreement with United Package NV on September 8, 2025, clarifying its contribution of initial production materials, equipment, and facility space in Rancho Cucamonga for 2,280 Class A voting units, while the LLC handles to-be-determined monthly rentals. Separately, on September 3, the board shortened the insider trading blackout to two weeks before quarter-end and tweaked 10b5-1 plan rules. This bolsters operational clarity for the joint venture.

8-K

Packaging Line Delivered

8/19/25Aug 19, 2025

iPower Inc. announced the delivery of its newly acquired packaging production line to its U.S. facility on August 19, 2025, marking a key step in its Made-in-USA initiative via the United Package NV LLC joint venture. Assembly will take about one week, followed by a two-to-four-week test run, with full-scale production targeted soon after. Confirmed purchase orders signal early demand. This bolsters supply chain resiliency, though success hinges on test outcomes.

8-K

VIE structure terminated

8/12/25Aug 12, 2025

iPower Inc. terminated its VIE agreements with Daheshou (Shenzhen) Information Technology Co., Ltd. on August 4, 2025, ending control over the PRC entity that handled sales, supply chain, and distribution. The company will shift these services to iPower and contractors, streamlining operations after years of efficiency gains. No material impact on business or PRC revenue is expected. Deregistration follows swiftly.

About

iPower Inc. operates as an online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products for commercial and home cultivators growing specialty crops, and home goods customers in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products made from soil, rock wool or coconut fiber, and others. It also provides general gardening products, including environmental sensors, controls, and nutrients; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs. The company sells its products under the iPower, Simple Deluxe, and other brand names through zenhydro.com, simpledeluxe.com, and various third-party online platforms. Additionally, the company engages in the manufacturing of packaging solutions. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was incorporated in 2018 and is based in Rancho Cucamonga, California.

CEO

Mr. Chenlong Tan

IPO

5/12/2021

Website

https://www.meetipower.com

Employees

Sector

Consumer Cyclical

Industry

Internet Retail