iPower Inc. Common Stock (IPW)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

iPower operates in consumer cyclical internet retail, but its own description points to technology/data infrastructure, digital treasury, and supply chain management with only two employees. In my experience, a business with two employees and shrinking revenue is not a business with a durable moat. The filed numbers are stark. In fiscal 2026, the year ended 2026-06-30, revenue was $20.0M and net income was -$11.6M, or diluted EPS -$345.16. That follows fiscal 2025 revenue of $63.2M and net income of -$5.0M, and fiscal 2024 revenue of $86.1M and net income of -$1.5M. Revenue is collapsing while losses are widening. In the quarter ended 2026-03-31, revenue was $3.5M and net income was -$3.5M, so the company lost about a dollar for every dollar of sales. Free cash flow over the trailing twelve months was -$440,211, and FairStock's FCF yield at the 2026-10-13 close is -65.2%. FairStock's score is 38/100, its Piotroski F-Score is 3/9, and its Altman Z-Score is -0.59, all pointing to financial weakness. ROE is -47.88%, ROCE is -14.24%, and debt-to-equity is 0.45, so leverage is not enormous, but there is little earning power to support it. The stock price is $0.54 and market cap is $675,482, which sounds cheap, but with negative earnings and book metrics FairStock reports P/E and P/B of 0.00; cheapness is an illusion. A value investor wants a margin of safety in assets or earnings; here both are deteriorating. I see no competitive moat, no consistent profit, and no growth. This is a speculative turnaround, not a Graham-style bargain.

In plain English: iPower is a tiny company tied to internet retail and technology/data services. Its latest filed year, ended June 30, 2026, showed $20.0 million in sales and an $11.6 million loss, much worse than the year before. At $0.54 a share, the price may look low, but the business is losing money and burning cash, so it does not look like a safe bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer