iPower Inc. (IPW) Balance Sheet
IPW balance sheet, FY2026
June 30, 2026 · U.S. dollars$28.99T assets = $12.04T liabilities + $16.94T equity
Both columns are drawn to the same scale: what IPW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IPW financial health
Descriptive bands, not a rating. Fiscal FY2026.
IPW balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.4MFY2019 | $28.99TFY2026 | +758.6%/yr | |
| Total liabilities | $7.9MFY2019 | $12.04TFY2026 | +664.2%/yr | |
| Shareholders’ equity | $516,544FY2019 | $16.94TFY2026 | +1,084.9%/yr | |
| Cash & short-term investments | $471,458FY2019 | $478.04BFY2026 | +621.1%/yr | |
| Total debt | $968,126FY2019 | $5.66TFY2026 | +826.1%/yr | |
| Net cash (debt) | −$496,668FY2019 | −$5.18TFY2026 | −$5.2T | |
| Working capital | $29,082FY2019 | $3.38TFY2026 | +$3.4T | |
| Current ratio | 1.00FY2019 | 1.47FY2026 | +0.46 | |
| Debt / equity | 1.87FY2019 | 0.33FY2026 | −1.54 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IPW assets
IPW liabilities and equity
IPW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IPW balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $478.04B | $2.0M | $7.4M | $3.7M | $1.8M | $6.7M | $977,635 | $471,458 |
| Cash & equivalents | $478.04B | $2.0M | $7.4M | $3.7M | $1.8M | $6.7M | $977,635 | $471,458 |
| Receivables | $5.2M | $6.1M | $14.7M | $14.1M | $17.4M | $7.9M | $6.4M | $3.6M |
| Inventory | $0 | $8.1M | $10.5M | $20.6M | $30.4M | $13.1M | $5.7M | $3.1M |
| Other current assets | $10.17T | $3.1M | $2.3M | $2.9M | $5.5M | $4.7M | $298,841 | $453,135 |
| Total current assets | $10.65T | $19.4M | $35.0M | $41.3M | $55.2M | $32.3M | $13.4M | $7.7M |
| Property, plant & equipment (net) | $2.78T | $4.3M | $6.5M | $8.4M | $11.0M | $1.9M | $269,127 | $750,337 |
| Goodwill & intangible assets | $2.33T | $6.0M | $6.7M | $7.3M | $11.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $33,113 | $43,385 | $0 | $0 | $0 |
| Other non-current assets | $13.23T | $5.9M | $3.1M | $3.1M | $1.3M | $1.5M | $0 | $0 |
| Total assets | $28.99T | $35.6M | $51.3M | $60.1M | $78.6M | $35.6M | $13.7M | $8.4M |
| Liabilities | ||||||||
| Accounts payable | $4.2M | $7.4M | $11.2M | $13.2M | $9.5M | $3.9M | $4.2M | $2.3M |
| Short-term debt | $1.48T | $5.1M | $8.4M | $4.2M | $4.5M | $923,957 | $1.6M | $705,251 |
| Deferred revenue | — | — | $313,358 | $350,595 | $273,457 | $297,407 | $741,301 | $420,180 |
| Total current liabilities | $7.26T | $14.5M | $23.8M | $23.3M | $22.9M | $9.0M | $10.2M | $7.6M |
| Long-term debt | $0 | $0 | $0 | $9.8M | $14.1M | $458,570 | $500,000 | $0 |
| Lease obligations | — | — | $6.5M | $8.3M | $10.8M | $1.9M | $262,875 | $750,337 |
| Other long-term liabilities | $4.78T | $2.9M | $4.5M | $6.1M | $9.2M | $1.2M | $0 | $262,875 |
| Total liabilities | $12.04T | $17.4M | $28.3M | $39.2M | $46.2M | $10.7M | $10.7M | $7.9M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $169.0M | $31,361 | $31,361 | $29,712 | $29,573 | $26,449 | $34,204 | $34,000 |
| Retained earnings (deficit) | −$26.82T | −$15.2M | −$10.2M | −$8.7M | $3.3M | $1.7M | $2.5M | $533,860 |
| Accumulated other comprehensive income | $38.32B | $40,107 | −$210,406 | −$62,134 | $5,678 | $0 | −$13,999 | −$51,316 |
| Minority interest | — | — | −$38,204 | −$24,915 | −$13,232 | — | — | — |
| Total shareholders' equity | $16.94T | $18.3M | $23.1M | $20.9M | $32.4M | $25.0M | $2.9M | $516,544 |
| Key figures | ||||||||
| Total debt | $5.66T | $8.0M | $12.9M | $20.1M | $26.8M | $2.6M | $2.1M | $968,126 |
| Net cash (debt) | −$5.18T | −$6.0M | −$5.5M | −$16.3M | −$25.0M | $4.1M | −$1.1M | −$496,668 |
| Working capital | $3.38T | $4.9M | $11.2M | $17.9M | $32.3M | $23.3M | $3.2M | $29,082 |
| Tangible book value | $14.61T | $12.3M | $16.4M | $13.6M | $21.4M | $25.0M | $2.9M | $516,544 |
| Current ratio | 1.47 | 1.34 | 1.47 | 1.77 | 2.41 | 3.58 | 1.31 | 1.00 |
| Quick ratio | 0.07 | 0.56 | 0.93 | 0.76 | 0.84 | 1.61 | 0.72 | 0.54 |
| Debt / equity | 0.33 | 0.44 | 0.56 | 0.96 | 0.83 | 0.10 | 0.71 | 1.87 |
| Equity / assets | 58.4% | 51.4% | 44.9% | 34.8% | 41.2% | 70.1% | 21.4% | 6.1% |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.7M | $713,685 | $4.2M | $903,975 | $2.0M | $2.2M | $2.9M | $2.6M | $7.4M | $2.7M | $1.5M | $2.7M |
| Cash & equivalents | $3.7M | $713,685 | $4.2M | $903,975 | $2.0M | $2.2M | $2.9M | $2.6M | $7.4M | $2.7M | $1.5M | $2.7M |
| Short-term investments | — | — | — | — | — | — | $2.88T | — | — | — | — | — |
| Receivables | $5.2M | $7.1M | $5.2M | $5.4M | $6.1M | $10.7M | $13.9M | $13.1M | $15.5M | $16.8M | $11.8M | $13.2M |
| Inventory | $0 | $2.5M | $4.5M | $4.3M | $8.1M | $9.8M | $9.2M | $8.7M | $10.5M | $11.9M | $15.8M | $15.1M |
| Other current assets | $1.7M | $3.6M | $758,433 | $1.2M | $3.1M | $2.2M | $2.3M | $2.0M | $1.6M | $1.6M | $1.5M | $1.8M |
| Total current assets | $10.6M | $13.9M | $14.7M | $11.8M | $19.4M | $24.8M | $28.3M | $26.3M | $35.0M | $33.1M | $30.5M | $32.8M |
| Property, plant & equipment (net) | $2.8M | $166,441 | $3.5M | $4.0M | $0 | $4.6M | $5.1M | $5.6M | $6.5M | $7.0M | $7.6M | $8.3M |
| Goodwill & intangible assets | $7.3M | $2.5M | $7.9M | $5.9M | $6.0M | $6.2M | $6.3M | $6.5M | $6.7M | $6.8M | $7.0M | $7.2M |
| Long-term investments | $0 | $13,264 | $678,706 | $678,706 | $0 | $0 | $0 | $0 | $0 | $30,495 | $31,287 | $32,088 |
| Other non-current assets | $8.9M | $14.7M | $8.0M | $7.1M | $10.3M | $5.0M | $4.2M | $4.0M | $3.1M | $3.5M | $3.9M | $3.3M |
| Total assets | $29.6M | $31.3M | $34.8M | $29.4M | $35.6M | $40.5M | $43.9M | $42.4M | $51.3M | $50.4M | $49.1M | $51.6M |
| Liabilities | ||||||||||||
| Accounts payable | $4.2M | $3.0M | $3.1M | $3.6M | — | $8.0M | $8.9M | $8.4M | $11.2M | $14.2M | $13.9M | $12.0M |
| Short-term debt | $1.7M | $1.5M | $4.2M | $3.3M | $0 | $1.4M | $1.9M | $2.0M | $8.4M | $8.1M | $7.1M | $4.3M |
| Deferred revenue | — | $1.2M | — | $197,511 | — | $315,783 | $321,884 | $326,364 | $313,358 | $339,968 | $340,876 | $362,826 |
| Total current liabilities | $7.3M | $6.6M | $8.0M | $8.1M | $14.5M | $12.9M | $14.5M | $14.2M | $23.8M | $26.5M | $25.8M | $21.1M |
| Long-term debt | $0 | $4.5M | $4.4M | $0 | $0 | $3.6M | $4.0M | $3.1M | $0 | $0 | $0 | $4.8M |
| Lease obligations | — | $3.3M | $3.6M | $3.9M | — | $4.7M | $5.2M | $5.6M | $6.5M | $7.1M | $7.6M | $8.2M |
| Other long-term liabilities | $5.4M | $3.1M | $4.4M | $3.4M | $2.9M | $3.3M | $3.6M | $3.9M | $4.5M | $4.9M | $5.5M | $6.0M |
| Total liabilities | $12.7M | $14.2M | $16.8M | $11.5M | $17.3M | $19.8M | $22.2M | $21.3M | $28.3M | $31.4M | $31.3M | $31.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $169 | $1,774 | $1,082 | $1,050 | $31,360 | $31,361 | $31,361 | $31,361 | $31,361 | $29,819 | $29,712 | $29,712 |
| Retained earnings (deficit) | −$26.8M | −$20.4M | −$16.9M | −$15.7M | −$15.2M | −$12.4M | −$12.0M | −$12.3M | −$10.2M | −$10.9M | −$11.9M | −$10.0M |
| Accumulated other comprehensive income | $38,321 | $48,928 | $64,671 | $65,050 | — | −$206,886 | −$109,330 | −$265,460 | −$210,406 | −$153,974 | −$223,096 | −$62,841 |
| Minority interest | — | −$47,462 | −$47,462 | −$47,462 | — | −$46,969 | — | — | — | — | — | — |
| Total shareholders' equity | $17.0M | $17.2M | $18.0M | $18.0M | $18.3M | $20.8M | $21.7M | $21.2M | $23.1M | $19.0M | $17.8M | $19.7M |
| Key figures | ||||||||||||
| Total debt | $5.8M | $7.7M | $13.0M | $5.9M | $0 | $8.2M | $9.5M | $9.1M | $12.9M | $13.1M | $12.6M | $15.2M |
| Net cash (debt) | −$2.1M | −$7.0M | −$8.8M | −$5.0M | $2.0M | −$6.0M | −$6.7M | −$6.5M | −$5.5M | −$10.4M | −$11.1M | −$12.4M |
| Working capital | $3.4M | $7.3M | $6.7M | $3.7M | $4.9M | $11.9M | $13.8M | $12.2M | $11.2M | $6.6M | $4.7M | $11.8M |
| Tangible book value | $9.7M | $14.7M | $10.1M | $12.1M | $12.3M | $14.6M | $15.4M | $14.7M | $16.4M | $12.2M | $10.8M | $12.6M |
| Book value per share | — | — | — | — | $17.53 | — | — | — | — | — | — | — |
| Shares outstanding | — | — | — | — | 1.0M | — | — | — | — | — | — | — |
| Current ratio | 1.47 | 2.10 | 1.83 | 1.46 | 1.34 | 1.92 | 1.95 | 1.86 | 1.47 | 1.25 | 1.18 | 1.56 |
| Quick ratio | 1.23 | 1.18 | 1.17 | 0.78 | 0.56 | 0.99 | 1.16 | 1.11 | 0.96 | 0.74 | 0.51 | 0.76 |
| Debt / equity | 0.34 | 0.45 | 0.72 | 0.33 | 0.00 | 0.40 | 0.44 | 0.43 | 0.56 | 0.69 | 0.71 | 0.77 |
| Equity / assets | 57.3% | 54.9% | 51.9% | 61.1% | 51.4% | 51.3% | 49.6% | 49.9% | 44.9% | 37.7% | 36.2% | 38.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 2, 2026); data from EODHD.
IPW financial position
At the end of fiscal 2026 (June 30, 2026), iPower had total assets of $28.99 trillion (up 81,326,678.0% from a year earlier), total liabilities of $12.04 trillion and shareholders' equity of $16.94 trillion. It held $478.0 billion in cash and short-term investments against $5.66 trillion of debt, net debt of $5.18 trillion. Its current ratio was 1.47. In the latest quarter (ended September 30, 2026) total assets were $29.6 million and equity $17.0 million.
Related: IPW income statement, IPW cash flow statement, IPW key metrics. See the IPW stock overview for the latest quote and news.
IPW balance sheet FAQ
What are iPower's total assets?
iPower reported total assets of $28.99 trillion at the end of fiscal 2026 (June 30, 2026), compared with $35.6 million a year earlier.
How much debt does iPower have?
iPower had $5.66 trillion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.33.
How much cash does iPower have?
iPower held $478.0 billion in cash and short-term investments at the end of fiscal 2026; with $5.66 trillion of debt that is net debt of $5.18 trillion.
What is iPower's book value?
iPower's shareholders' equity (book value) was $16.94 trillion at the end of fiscal 2026.
What is iPower's current ratio?
iPower had current assets of $10.65 trillion and current liabilities of $7.26 trillion, a current ratio of 1.47 (it can cover its short-term obligations).
How much goodwill does iPower have?
iPower carried $2.33 trillion of goodwill and intangible assets, 8.0% of total assets, at the end of fiscal 2026.