iPower Inc. (IPW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 3.5M | 7.13M | 12.02M | 11.49M | 16.57M | 19.07M | 19.01M | 19.45M | 23.31M | 16.8M | 26.51M | 23.4M | 20.23M | 19.25M | 26.02M | 22.12M | 22.81M | 17.13M | 17.37M | 14.73M |
| Revenue Growth % | -78.89% | -62.6% | -36.78% | -40.93% | -28.91% | 13.53% | -28.29% | -16.86% | 15.24% | -12.75% | 1.87% | 5.79% | -11.32% | 12.43% | 49.84% | 50.18% | 73.66% | 52.17% | 16.09% | 0.46% |
| Cost of Goods Sold | 2.74M | 3.99M | 7.21M | 6.55M | 9.39M | 10.68M | 10.52M | 10.23M | 12.94M | 9.48M | 14.75M | 14.35M | 12.43M | 11.29M | 16.04M | 13M | 13.6M | 9.57M | 10.05M | 8.18M |
| COGS % of Revenue | 78.4% | 56% | 60% | 57.02% | 56.69% | 56.01% | 55.35% | 52.57% | 55.52% | 56.44% | 55.64% | 61.32% | 61.48% | 58.61% | 61.63% | 58.77% | 59.62% | 55.87% | 57.89% | 55.57% |
| Gross Profit | 755.55K | 3.14M | 4.81M | 4.94M | 7.18M | 8.39M | 8.49M | 9.23M | 10.37M | 7.32M | 11.76M | 9.05M | 7.79M | 7.97M | 9.99M | 9.12M | 9.21M | 7.56M | 7.31M | 6.54M |
| Gross Margin % | 21.6% | 44% | 40% | 42.98% | 43.31% | 43.99% | 44.65% | 47.43% | 44.48% | 43.56% | 44.36% | 38.68% | 38.52% | 41.39% | 38.37% | 41.23% | 40.38% | 44.13% | 42.11% | 44.43% |
| Gross Profit Growth % | -89.47% | -62.59% | -43.37% | -46.48% | -30.77% | 14.64% | -27.82% | 1.96% | 33.05% | -8.17% | 17.76% | -0.75% | -15.4% | 5.45% | 36.53% | 39.36% | 59.76% | 52.75% | 31.48% | -0.26% |
| Operating Expenses | 1.9M | 5.58M | 6.5M | 8.47M | 7.45M | 7.71M | 11.23M | 7.97M | 8.77M | 9.87M | 13.03M | 12.05M | 9.6M | 12.05M | 14.58M | 10.61M | 7.83M | 6.42M | 6.02M | 6.3M |
| OpEx % of Revenue | 54.3% | 78.18% | 54.1% | 73.73% | 44.94% | 40.41% | 59.1% | 40.97% | 37.61% | 58.75% | 49.14% | 51.48% | 47.48% | 62.59% | 56.02% | 47.97% | 34.34% | 37.5% | 34.68% | 42.78% |
| Selling, General & Admin | 1.9M | 5.58M | 6.5M | 8.47M | 7.45M | 7.71M | 11.23M | 7.97M | 8.77M | 9.87M | 13.03M | 12.05M | 9.6M | 12.05M | 11.52M | 10.61M | 7.83M | 6.42M | 6.02M | 6.3M |
| SG&A % of Revenue | 54.3% | 78.18% | 54.1% | 73.73% | 44.94% | 40.41% | 59.1% | 40.97% | 37.61% | 58.75% | 49.14% | 51.48% | 47.48% | 62.59% | 44.27% | 47.97% | 34.34% | 37.5% | 34.68% | 42.78% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.14M | -2.44M | -1.7M | -3.53M | -269K | 683.61K | -2.75M | 1.26M | 1.6M | -2.55M | -1.27M | -3M | -1.81M | -4.08M | -4.59M | -1.49M | 1.38M | 1.14M | 1.29M | 242.35K |
| Operating Margin % | -32.71% | -34.18% | -14.11% | -30.75% | -1.62% | 3.58% | -14.45% | 6.46% | 6.87% | -15.19% | -4.79% | -12.81% | -8.96% | -21.2% | -17.65% | -6.74% | 6.04% | 6.63% | 7.43% | 1.65% |
| Operating Income Growth % | -325.37% | -456.63% | 38.28% | -381.17% | -116.8% | 126.78% | -116.48% | 141.94% | 188.41% | 37.48% | 72.38% | -101.03% | -231.53% | -459.61% | -455.98% | -715.04% | 74.58% | 33.08% | 19.88% | -86.26% |
| EBITDA | -640.44K | -1.92M | -1.18M | -2.97M | 400.72K | 1.29M | -2.03M | 3.17M | 2.31M | -2.34M | -1.07M | -2.79M | -1.61M | -3.88M | -4.4M | -1.31M | 1.46M | 1.14M | 1.29M | 246.05K |
| EBITDA Margin % | -18.31% | -26.97% | -9.86% | -25.88% | 2.42% | 6.76% | -10.67% | 16.28% | 9.9% | -13.94% | -4.03% | -11.94% | -7.96% | -20.16% | -16.91% | -5.91% | 6.42% | 6.66% | 7.45% | 1.67% |
| EBITDA Growth % | -259.82% | -249.17% | 41.57% | -193.92% | -82.63% | 155.09% | -90.01% | 213.32% | 243.35% | 39.68% | 75.76% | -113.68% | -209.99% | -440.43% | -440.04% | -631.58% | 84.71% | 33.15% | 20.06% | -86.05% |
| D&A (Non-Cash Add-back) | 503.82K | 513.96K | 510.58K | 559.58K | 669.72K | 606.17K | 719.1K | 1.91M | 706.18K | 211.24K | 201.71K | 201.66K | 201.55K | 201.23K | 191.93K | 182.6K | 86.43K | 4.84K | 4.05K | 3.7K |
| EBIT | -5.18M | -1.85M | -935.51K | -3.51M | -234.39K | 476.85K | -2.53M | 1.19M | 1.57M | -2.42M | -1.34M | -3.3M | -1.88M | -4.03M | -4.38M | -1.27M | 1.44M | 1.2M | 1.29M | -1.81M |
| Net Interest Income | -432.17K | -167K | -61.72K | -73.6K | -81.97K | -140.67K | -139.96K | -196.25K | -181.2K | -182.61K | -228.37K | -265.5K | -238.62K | -314.12K | -248.04K | -231.02K | -223.04K | -75.11K | -59K | -94.13K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 432.17K | 167.22K | 61.72K | 73.6K | 81.97K | 140.67K | 139.96K | 196.25K | 181.2K | 182.61K | 228.37K | 265.5K | 238.62K | 314.12K | 248.04K | 231.02K | 223.04K | 75.11K | 59K | 94.13K |
| Other Income/Expense | -4.46M | 424.19K | 697.95K | -49.29K | -47.35K | -347.43K | 77.81K | -267.13K | -211.66K | -54.58K | -296.56K | -573.75K | -312.15K | -258.46K | -39.67K | -14.45K | -159.45K | -14.71K | -59.81K | -2.14M |
| Pretax Income | -5.61M | -2.01M | -997.23K | -3.58M | -316.36K | 336.18K | -2.67M | 989.73K | 1.39M | -2.61M | -1.57M | -3.57M | -2.12M | -4.34M | -4.63M | -1.51M | 1.22M | 1.12M | 1.23M | -1.9M |
| Pretax Margin % | -160.29% | -28.23% | -8.3% | -31.18% | -1.91% | 1.76% | -14.04% | 5.09% | 5.96% | -15.52% | -5.9% | -15.26% | -10.5% | -22.55% | -17.8% | -6.8% | 5.34% | 6.54% | 7.09% | -12.9% |
| Income Tax | -326.5K | -820.51K | -463.58K | -764.5K | 26.02K | 120.51K | -636.51K | 336.31K | 377.15K | -688.94K | -275.88K | -605.37K | -589.58K | -1.05M | -447.8K | -146.57K | 39.85K | 322.71K | 342.98K | 6.08K |
| Effective Tax Rate % | 5.82% | 40.74% | 46.49% | 21.34% |