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IPOWER
(NASDAQ:IPW)
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Rating:40Underperform
Price Target:
$2.50
▲(16.28% Upside)
Action:Downgraded
Date:10/27/26
IPW scores low primarily due to weak financial performance (ongoing losses, volatile revenue, and recently negative operating/free cash flow, reinforced by KPI red flags on revenue and gross profit). Technicals further pressure the score given a pronounced downtrend and bearish momentum indicators. Corporate events provide only modest offset via potential AI-services upside and financing access, but dilution/listing-compliance actions temper the benefit, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Potential recurring AI services
The proposed AI infrastructure relationship could broaden iPower beyond hydroponics equipment into recurring services and management revenue. If converted into a definitive agreement and expanded as contemplated, this model could improve revenue visibility and create a scalable growth platform over multiple years.
Negative Factors
Severe profitability deterioration
Persistent operating and net losses indicate that the current business model is not yet producing dependable earnings. Continued losses can consume equity, restrict internally funded investment, and make any future growth initiative more dependent on external financing or improved execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Potential recurring AI services
The proposed AI infrastructure relationship could broaden iPower beyond hydroponics equipment into recurring services and management revenue. If converted into a definitive agreement and expanded as contemplated, this model could improve revenue visibility and create a scalable growth platform over multiple years.
Read all positive factors
IPOWER Key Performance Indicators (KPIs)
Any
Revenue By Type
Highlights the different sources of revenue, providing insight into which products or services are driving growth and how diversified the company's income streams are.
Highlights the different sources of revenue, providing insight into which products or services are driving growth and how diversified the company's income streams are.
Data provided by:
The Fly
The FlyIPOWER (IPW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.54M
Dividend Yield0.42%
Average Volume (3M)6.95M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth-63.59%
EPS Growth-18.43%
CountryUS
Employees10
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-6681.24
Shares Outstanding6,394,999
10 Day Avg. Volume11,016,354
30 Day Avg. Volume6,945,565
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.04
Price to Sales (P/S)0.03
P/FCF Ratio-0.51
Enterprise Value/Market Cap3.42
Enterprise Value/Revenue0.22
Enterprise Value/Gross Profit0.89
Enterprise Value/Ebitda-0.37
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5,961.6
Revenue Forecast (FY)$138.90M
IPOWER Business Overview & Revenue Model
Company Description
iPower Inc. operates as an online retail enterprise in the United States, specializing in equipment for hydroponics. The company offers a comprehensive array of products designed for both indoor and outdoor cultivation. Their catalog features soph...
IPOWER Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong efforts in supply chain diversification and debt reduction, as well as a significant milestone in SuperSuite's revenue contribution. However, the company faced challenges with a decline in total revenue, gross margin, and profitability. While strategic initiatives are promising, the financial declines slightly overshadow the positive developments.Positive Updates
SuperSuite Revenue Milestone
SuperSuite now accounts for approximately 20% of iPower's total revenue mix, highlighting the growing demand and adoption of their integrated supply chain offerings.
Negative Updates
Revenue Decline
Total revenue for fiscal Q3 2025 was $16.6 million, a decrease from $23.3 million in the previous year, primarily due to lower product sales to the largest channel partner.
Read all updates
Q3-2025 Updates
Positive
Negative
SuperSuite Revenue Milestone
SuperSuite now accounts for approximately 20% of iPower's total revenue mix, highlighting the growing demand and adoption of their integrated supply chain offerings.
Read all positive updates
Company Guidance
During the fiscal third quarter of 2025, iPower made strategic strides to strengthen its operational foundation amid a cautious demand environment. With total revenue at $16.6 million, down from $23.3 million the previous year, the company attributed this decline to reduced product sales to its largest channel partner, although it saw growth in its SuperSuite supply chain offerings, which now represent 20% of total revenue. Gross profit was $7.2 million with a gross margin at 43.3%, down from 47% a year prior due to increased service income. Operating expenses decreased by 15% to $7.4 million, driven by lower general and administrative costs and reduced selling expenses. Despite a net loss of $340,000, iPower improved its financial stability by reducing total debt by 43% to $3.6 million. The company continues to diversify its supply chain, emphasizing U.S.-based manufacturing and suppliers to enhance agility and reduce geopolitical risks. Looking forward, iPower's disciplined capital allocation and strategic initiatives, including its Made in USA module, aim to bolster long-term growth and market competitiveness.IPOWER Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Sep 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.96M | 66.14M | 86.07M | 88.90M | 79.42M |
| Gross Profit | 4.04M | 28.99M | 39.25M | 34.80M | 33.20M |
| EBITDA | -13.60M | -3.24M | 1.51M | -12.77M | 2.88M |
| Net Income | -11.62M | -4.97M | -1.53M | -11.97M | 1.52M |
Balance Sheet | |||||
| Total Assets | 28.99M | 35.64M | 51.30M | 60.09M | 78.58M |
| Cash, Cash Equivalents and Short-Term Investments | 478.04K | 2.01M | 7.38M | 3.74M | 1.82M |
| Total Debt | 5.66M | 8.01M | 12.89M | 20.07M | 26.82M |
| Total Liabilities | 12.04M | 17.37M | 28.28M | 39.23M | 46.18M |
| Stockholders Equity | 16.99M | 18.32M | 23.05M | 20.89M | 32.41M |
Cash Flow | |||||
| Free Cash Flow | -1.28M | -742.78K | 6.16M | 9.07M | -17.09M |
| Operating Cash Flow | -163.47K | -579.19K | 6.16M | 9.21M | -16.60M |
| Investing Cash Flow | -4.68M | -2.04M | 0.00 | -140.81K | -139.39K |
| Financing Cash Flow | 6.50M | -3.00M | -2.40M | -7.15M | 11.91M |
IPOWER Technical Analysis
Negative
2.15
Price Trends
17.42
Negative
93.94
Negative
1007.22
Negative
Market Momentum
-5.65
Negative
19.83
Positive
10.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPW, the sentiment is Negative. The current price of 2.15 is below the 20-day moving average (MA) of 8.11, below the 50-day MA of 17.42, and below the 200-day MA of 1007.22, indicating a bearish trend. The MACD of -5.65 indicates Negative momentum. The RSI at 19.83 is Positive, neither overbought nor oversold. The STOCH value of 10.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPW.
IPOWER Risk Analysis
IPOWER disclosed 65 risk factors in its most recent earnings report. IPOWER reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
IPOWER Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $211.57M | -10.08 | -3.70% | ― | 11.59% | 25.34% | |
52 Neutral | $6.06M | -0.30 | -13.24% | ― | ― | ― | |
46 Neutral | $198.62M | 21.20 | 5.52% | ― | ― | ― | |
43 Neutral | $181.71M | -1.35 | -63.92% | ― | -10.81% | 33.07% | |
40 Underperform | $1.54M | >-0.01 | -66.24% | 0.42% | -63.59% | -18.43% | |
39 Underperform | $3.35M | 1.80 | -28.78% | ― | -38.84% | ― |
* Consumer Cyclical Sector Average
IPW
IPOWER
2.89
-19,549.26
-99.99%
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IPOWER Corporate Events
Business Operations and StrategyFinancial Disclosures
iPower AI unit lands major infrastructure services commitment
Positive
Oct 15, 2026
On October 15, 2026, iPower announced that its wholly owned subsidiary, iPower AI LLC, received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship. The customer plans an initial deploy...
Private Placements and FinancingShareholder MeetingsStock Split
IPOWER Stockholders Approve Capital and Incentive Changes
Positive
Sep 22, 2026
On September 21, 2026, IPOWER held a special meeting of stockholders at which shareholders voted on three key proposals affecting the company’s capital structure and incentive programs. With 36.13% of eligible votes cast, investors approved ...
Business Operations and StrategyPrivate Placements and Financing
iPower expands senior secured convertible note financing access
Positive
Sep 15, 2026
On September 15, 2026, iPower Inc. completed an additional optional closing under its senior secured convertible note facility, issuing $3 million in aggregate principal amount of Series A Notes to an institutional investor. The company received a...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
IPOWER Announces Reverse Stock Split to Maintain Nasdaq Listing
Negative
Aug 5, 2026
On August 5, 2026, iPower Inc. announced it would implement a 1-for-9 reverse stock split of its issued and outstanding common stock, effective at 12:01 a.m. Eastern Time on August 7, 2026. The company’s shares will begin trading on a split-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.