# iPower Inc. (IPW) · Edgar & Edgarette company card

> iPower (IPW) saw revenue fall 68.4% in FY2026 to $20 million, operating margin -72.3% against a 7.6% median for building materials, hardware, garden supply, equity 58.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1830072 · fiscal year ended 2026-06-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/IPW) · [JSON](https://www.pops4.com/boards/company/IPW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $20M |
| Revenue growth, 1 year | -68.4% |
| Revenue growth per year | -29.2% |
| Operating margin | -72.3% (prior year -10.0%) |
| Net margin | -58.2% |
| Operating cash flow | −$163,466 |
| Capital spending | $0 |
| Free cash flow | −$163,466 |
| Cash | $478,042 |
| Long-term debt | — |
| Total assets | $29M |
| Total equity | $17M |
| Equity ÷ assets | 58.4% |
| Return on equity | -68.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.12 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, late quarterly report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -72.3% in FY2026; revenue is hard to predict: its 80% range is ±74%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $20.0M (FY2026). Experience: revenue down 68.4% on the year, down 29.2% a year over 4 years; operating margin -72.3%, down from -10.0%. Soundness: equity 58.4% of assets, return on equity -68.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.5M and $23.4M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.1M to $26.7M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -72.3% against a 7.6% median; growth -68.4% against 3.1%.

Range logged 2026-10-03, receipt c468b7ace049bdf1, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-09-28 ([filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007458/0001683168-26-007458-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-05-15 ([filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826004034/0001683168-26-004034-index.htm))

## Recent filings

- S-1 · filed 2026-10-16 · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007908/0001683168-26-007908-index.htm)
- 8-K · filed 2026-10-15 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007863/0001683168-26-007863-index.htm)
- 10-K · filed 2026-10-02 · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007580/0001683168-26-007580-index.htm)
- 8-K · filed 2026-09-22 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007276/0001683168-26-007276-index.htm)
- 8-K · filed 2026-09-15 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007176/0001683168-26-007176-index.htm)
- DEF 14A · filed 2026-09-08 · [filing](https://www.sec.gov/Archives/edgar/data/1830072/000168316826007015/0001683168-26-007015-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001830072.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1830072

## Cite

POPS4, Edgar & Edgarette: iPower Inc. (IPW) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/IPW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.