Friday 6 November 2026
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iPower Inc.
IPW Consumer Cyclical Internet Retail
iPower Inc.’s revenue for fiscal 2026 (year ended June 2026) was $20.0 million, down 68.4% from fiscal 2025.
- Revenue
- −84.3%
- EPS
- −267.1%
- Free cash flow
- −169.1%
- Total debt
- −23.3%
Quarter to June 2026, against a year earlier
1.30
0.18
−12.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | — | — | 23 | 40 | 54 | 79 | 89 | 86 | 63 | 20 | (1.9%) | — | — | — | — | |
| Gross margin, % | — | — | 34.48 | 37.88 | 42.20 | 41.80 | 39.14 | 44.29 | 43.29 | 20.24 | (14.2) pt | ||||||
| EBT | — | — | 1 | 3 | 0 | 2 | (15) | (2) | (7) | (16) | n/m | ||||||
| EBT margin, % | — | — | 3.17 | 6.91 | (0.02) | 2.60 | (16.50) | (2.08) | (10.59) | (82.62) | (85.8) pt | ||||||
| Net income | 0 | — | 1 | 2 | (1) | 2 | (12) | (2) | (5) | (12) | n/m | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | — | — | 28,553.50 | 49,923.13 | 67,594.88 | 72,198.64 | 80,820.09 | 71,726.25 | 52,687.33 | 7,127.46 | (18.0%) | |||||
| Earnings | — | — | 685.83 | 2,567.03 | (953.63) | 1,405.96 | (10,463.83) | (1,339.26) | (345.98) | (345.16) | n/m | ||||||
| Cash flow | — | — | 883.63 | 1,386.25 | (15,946.25) | (15,093.64) | 8,373.91 | 5,136.75 | (482.67) | (58.39) | n/m | ||||||
| Capex | — | — | 0.00 | (7.87) | (76.87) | (440.18) | (128.00) | 0.00 | (1,391.92) | (330.82) | n/m | ||||||
| Free cash flow | — | — | 883.63 | 1,378.38 | (16,023.12) | (15,533.82) | 8,245.91 | 5,136.75 | (1,874.58) | (389.21) | n/m | ||||||
| Book value | — | — | 645.63 | 3,663.13 | 31,232.25 | 29,451.64 | 18,967.91 | 19,180.00 | 15,230.00 | 6,050.86 | +37.7% | ||||||
| Shares, m | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +19.6% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | — | — | 85.68 | 85.68 | 0.00 | 1.67 | 0.00 | 0.00 | 0.00 | 0.00 | 21.6 | |||||
| P/S | — | — | 2.42 | 2.42 | 2.72 | 0.03 | 0.35 | 0.69 | 0.32 | 0.03 | 1.1 | ||||||
| P/B | — | — | 29.21 | 29.21 | 5.89 | 0.08 | 1.50 | 2.57 | 1.10 | 0.04 | 8.7 | ||||||
| EV/Sales | — | — | 2.46 | 2.46 | 2.61 | 0.21 | 0.44 | 0.67 | 0.35 | 0.09 | 1.2 | ||||||
| EV/FCF | — | — | (26.79) | (26.79) | (11.02) | (0.98) | 4.35 | 9.55 | (9.94) | (2.04) | (8.0) | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 1 | 1 | (13) | (17) | 9 | 6 | (1) | 0 | n/m | |||||
| Capex | — | — | — | 0 | 0 | 0 | 0 | — | (2) | (1) | +129.7% | ||||||
| Free cash flow | — | — | 1 | 1 | (13) | (17) | 9 | 6 | (2) | (1) | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 3 | 23 | 32 | 18 | 11 | 5 | 3 | +97.3% | |||||
| Net debt | — | — | 0 | 1 | (6) | 14 | 8 | (7) | (2) | (1) | n/m | ||||||
| Shareholders’ equity | — | — | 1 | 3 | 25 | 32 | 21 | 23 | 18 | 17 | +64.6% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | — | — | 12.54 | 17.98 | (3.15) | 2.66 | (17.26) | (2.74) | (11.43) | (35.97) | (48.5) pt | |||||
| ROIC | — | — | 99.24 | 48.05 | 9.75 | 3.10 | (29.12) | (3.65) | (23.84) | (56.52) | (155.8) pt | ||||||
| ROE | — | — | 30.41 | 115.29 | (5.56) | 5.29 | (44.93) | (6.97) | (24.06) | (66.00) | (96.4) pt | ||||||
| People | |||||||||||||||||
| People | Employees | — | — | — | 27 | 28 | 87 | 75 | 64 | 14 | 4 | (27.3%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 1.48 | 1.93 | 0.91 | 1.19 | 1.34 | 4.52 | 4.99 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
iPower Inc. vs peers in Internet Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SBDS Solo Brands, Inc. | $12.5M | — (loss-making) | — (loss-making) | −4.12% (below 0%: shrinking) | n/m | +349.83% (above 0%: growing) | 59.94% | 3.97% | Compare |
| NHTC Natural Health Trends Corp. | $7.2M | — (loss-making) | 75.1× | −20.23% (below 0%: shrinking) | n/m | −1,670.00% (below 0%: shrinking) | 74.15% | (3.66%) | Compare |
| JWEL Jowell Global Ltd. | $4.1M | — (loss-making) | 19.9× | +23.99% (above 0%: growing) | −10,966.67% (below 0%: shrinking) | +88.58% (above 0%: growing) | 0.76% | 0.00% | Compare |
| UZX Linkage Global Inc. | $3.4M | — | — | — | — | −59.33% (below 0%: shrinking) | — | — | Compare |
| OCG Oriental Culture Holding LTD | $3.0M | — (loss-making) | 9.2× | −96.73% (below 0%: shrinking) | −202.04% (below 0%: shrinking) | +144.19% (above 0%: growing) | 76.04% | 0.00% | Compare |
| YJ Yunji Inc. Sponsored ADR | $2.9M | — (loss-making) | — (loss-making) | −40.68% (below 0%: shrinking) | n/m | +63.14% (above 0%: growing) | 48.05% | (83.20%) | Compare |
| WBUY WeBuy Global Ltd. | $2.8M | — | — | — | — | +61.71% (above 0%: growing) | — | — | Compare |
| IPW iPower Inc. | $810.0K | — (loss-making) | 5.5× | −84.25% (below 0%: shrinking) | n/m | −169.14% (below 0%: shrinking) | (325.25%) | (638.47%) | |
| NEXR Nexera Technologies Ltd | $140.0K | — (loss-making) | — | −32.01% (below 0%: shrinking) | n/m | −185.96% (below 0%: shrinking) | 4.41% | (21.43%) | Compare |
| Median of peers | $3.2M | — | 19.9× | −26.12% | — | +62.43% | 54.00% | (1.83%) |