iPower Inc. (IPW) AI Stock Analysis

iPower Inc. operates as an online retailer specializing in hydroponics equipment and accessories for commercial enterprises and individual consumers across the United States. Its product catalog features indoor and greenhouse grow-light systems, water-resistant grow tents, ventilation systems, carbon filters, nutrients, growing media, trimming machines, and pumps. The company also offers general gardening products such as environmental sensors and controls, alongside home essentials including commercial fans, storage units, and chairs. Products are marketed under the iPower and Simple Deluxe brands, distributed through the Zenhydro.com platform and third-party e-commerce channels.

Revenue increased 46.9% in FY2022 to $79.4M and reached $88.9M in FY2023 before contracting to $86.1M in FY2024 and $66.1M in FY2025. In FY2026, revenue fell 69.8% to $20.0M, contributing to a 5-year revenue CAGR of -18.1%. Gross margin declined from 41.8% in FY2022 to 20.2% in FY2026, while operating margin fell to -72.3%. Annual net income moved from $1.5M in FY2022 to -$11.6M in FY2026, yielding diluted EPS of -$135.56. In the latest quarter ended September 30, 2026, quarterly revenue fell 86.5% year-over-year, while quarterly earnings grew 7.1%.

As of September 30, 2026, iPower held $3.7M in cash and short-term investments alongside total debt of $5.8M, resulting in net debt of $2.1M. Shareholders' equity was $17.0M, corresponding to a debt-to-equity ratio of 0.34 and a current ratio of 1.47. Operating cash flow in FY2026 was -$163,466, matching free cash flow of -$163,466. The company used $41,755 for share buybacks during FY2026, while its share count rose 174.0% over the past five years.

With a market capitalization of $1.1M and an enterprise value of $8.5M, iPower trades at a forward P/E of 27.3x, above the 14.1x median of its US-listed Consumer Cyclical peers. Its price-to-sales ratio of 0.1x is below the peer median of 0.7x, while its EV/EBITDA multiple of 14.3x compares to the peer median of 11.1x. Over the past year, the stock fell 99.7% against a 16.8% return for the S&P 500 (SPY), and its 5-year return of -99.9% lagged the index's 83.0% gain.

Wall Street analysts track a mean price target of $2.75 for IPW, representing an implied upside of 585.8% above its last close of $0.40. For the next fiscal year, consensus estimates project revenue of $126.3M, representing expected revenue growth of 36.8%, and an EPS estimate of $0.00. The company delivered zero EPS beats over the past four quarters. The next earnings date is scheduled for November 13, 2026.

This page is an AI-written research summary of iPower Inc. (IPW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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