iPower Inc. (IPW) Cash Flow Statement
Where IPW’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$163,466
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$163,466 −0.8% margin
- Returned to shareholders
- $41,755
- Change in cash
- $1.7M cash at year-end $3.7M
Cash from operations
−$163,466
Acquisitions & other
−$4.7M
Share buybacks (net)
−$41,755
Other financing
+$6.5M
Currency & other
+$65,731
Change in cash
$1.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
IPW operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
IPW cash flow trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $706,899FY2019 | −$163,466FY2026 | — | |
| Capital expenditures | $6,252FY2019 | $0FY2026 | −100.0% | |
| Free cash flow | $706,899FY2019 | −$163,466FY2026 | — | |
| Free cash flow margin | 3.1%FY2019 | −0.8%FY2026 | −3.9 pts | |
| Operating cash flow / net income | 1.34FY2019 | −10.94FY2022 | −12.28 | |
| Stock-based compensation | $0FY2020 | $1.2MFY2026 | — | |
| Share buybacks (net) | $0FY2020 | $41,755FY2026 | — | |
| Capex / revenue | 0.0%FY2019 | 0.0%FY2026 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IPW cash flow by activity
OperatingInvestingFinancingChange in cash
IPW net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
IPW cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$11.6M | −$5.3M | −$1.5M | −$12.0M | $1.5M | −$775,749 | $2.0M | $528,398 |
| Depreciation & amortization | $2.0M | $2.6M | $2.5M | $828,988 | $277,924 | $12,091 | $12,091 | $12,091 |
| Stock-based compensation | $1.2M | −$12,998 | $512,542 | $512,796 | $372,351 | $110,683 | $0 | — |
| Change in working capital | $4.4M | $1.8M | $4.1M | $19.6M | −$19.6M | −$15.0M | −$973,493 | $178,501 |
| Other non-cash items | $3.8M | $457,388 | $613,436 | $237,591 | $783,152 | $2.9M | $83,483 | −$12,091 |
| Cash from operating activities | −$163,466 | −$579,187 | $6.2M | $9.2M | −$16.6M | −$12.8M | $1.1M | $706,899 |
| Investing activities | ||||||||
| Capital expenditures | $0 | −$163,593 | −$3 | −$140,813 | −$484,172 | −$61,498 | −$6,252 | −$6,252 |
| Investments (net) | — | — | $0 | −$140,813 | −$50,000 | −$61,498 | −$6,252 | −$50,000 |
| Acquisitions & other investing | −$4.7M | −$1.9M | $3 | $140,813 | $394,786 | $61,498 | $6,252 | $50,000 |
| Cash from investing activities | −$4.7M | −$2.0M | $0 | −$140,813 | −$139,386 | −$61,498 | −$6,252 | −$6,252 |
| Financing activities | ||||||||
| Share repurchases & issuance (net) | −$41,755 | $0 | $4.5M | — | $0 | $19.7M | $427,010 | — |
| Net borrowing (repayment) | — | — | −$6.0M | −$5.7M | $12.7M | $1.7M | −$1.0M | −$235,541 |
| Shares issued | $0 | $0 | $4.5M | $0 | $19.3M | $19.7M | $427,010 | $0 |
| Other financing | $6.5M | −$3.0M | −$5.5M | −$1.5M | −$20.1M | −$22.6M | −$427,010 | $0 |
| Cash from financing activities | $6.5M | −$3.0M | −$2.4M | −$7.2M | $11.9M | $18.5M | −$596,614 | −$235,541 |
| Summary | ||||||||
| Net change in cash | $1.7M | −$5.4M | $3.6M | $1.9M | −$4.8M | $5.7M | $506,177 | $471,358 |
| Cash at end of period | $3.7M | $2.0M | $7.4M | $3.7M | $1.8M | $6.7M | $977,635 | $471,458 |
| Free cash flow | −$163,466 | −$742,780 | $6.2M | $9.1M | −$17.1M | −$12.8M | $1.1M | $706,899 |
| Free cash flow margin | −0.8% | −1.1% | 7.2% | 10.2% | −21.5% | −23.7% | 2.8% | 3.1% |
| Capex / revenue | 0.0% | 0.2% | 0.0% | 0.2% | 0.6% | 0.1% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | −10.94 | — | 0.56 | 1.34 |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$6.4M | −$3.5M | −$1.2M | −$533,648 | −$5.0M | −$342,373 | $215,664 | −$2.0M | $653,417 | $1.0M | −$1.9M | −$1.3M |
| Depreciation & amortization | $182,303 | $503,824 | $513,961 | $510,577 | $779,980 | $669,720 | $606,173 | $719,096 | $1.9M | $706,183 | $211,243 | $886,811 |
| Stock-based compensation | −$151,724 | $212,703 | $971,174 | $150,203 | — | −$546,053 | $197,313 | $205,960 | $122,958 | $130,457 | $141,245 | $117,882 |
| Change in working capital | $3.0M | −$264,116 | −$1.0M | $1.4M | $1.4M | $1.1M | −$1.3M | −$2.0M | −$1.9M | −$1.8M | $1.1M | $4.2M |
| Other non-cash items | $2.8M | $2.7M | −$199,633 | $147,790 | $2.2M | $53,075 | $283,937 | $1.6M | $224,306 | $60,652 | $1.5M | $159,943 |
| Cash from operating activities | −$593,865 | −$333,507 | −$922,557 | $1.7M | −$579,190 | $887,712 | $27,717 | −$1.4M | $1.0M | $106,225 | $993,390 | $4.1M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$180,771 | −$138,356 | −$583,633 | −$1.7M | −$855,562 | −$462,226 | −$202,140 | $0 | −$3 | −$5 | −$5 |
| Investments (net) | — | — | — | −$1.0M | — | −$855,562 | −$462,226 | −$202,140 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | −$1.2M | $103,325 | −$4.4M | $583,633 | −$358,730 | $855,562 | $462,226 | $202,140 | — | — | — | — |
| Cash from investing activities | −$1.2M | −$77,446 | −$4.6M | −$1.0M | −$2.0M | −$855,562 | −$462,226 | −$202,140 | — | — | — | — |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$41,755 | — | — | — | $0 | — | — | — | — | — | — | — |
| Net borrowing (repayment) | — | −$884,267 | $6.6M | −$1.8M | — | −$610,536 | $750,210 | −$3.0M | $133,599 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $2.6M | $0 | $0 | $0 | −$3.0M | $0 | $0 | −$325,000 | $3.6M | $1.1M | −$2.1M | −$5.1M |
| Cash from financing activities | $2.6M | −$884,267 | $6.6M | −$1.8M | −$3.0M | −$610,536 | $750,210 | −$3.3M | $3.7M | $1.1M | −$2.1M | −$5.1M |
| Summary | ||||||||||||
| Net change in cash | $807,497 | −$1.3M | $1.1M | −$1.1M | −$5.4M | −$685,203 | $300,152 | −$4.8M | $4.7M | $1.2M | −$1.2M | −$1.0M |
| Cash at end of period | $3.7M | $713,685 | $2.0M | $903,975 | $2.01T | $2.2M | $2.9M | $2.6M | $7.4M | $2.7M | $1.5M | $2.7M |
| Free cash flow | −$593,865 | −$514,278 | −$1.1M | $1.1M | −$2.3M | $32,150 | −$434,509 | −$1.6M | $1.0M | $106,225 | $993,390 | $4.1M |
| Free cash flow margin | −41.4% | −14.7% | −14.9% | 9.2% | −19.7% | 0.2% | −2.3% | −8.5% | 5.2% | 0.5% | 5.9% | 15.3% |
| Capex / revenue | 0.0% | 5.2% | 1.9% | 4.9% | 14.6% | 5.2% | 2.4% | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | — | — | 0.13 | — | 1.55 | 0.10 | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
IPW cash generation
In fiscal 2026 (ended June 30, 2026), iPower generated -$0.2 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$0.2 million, −0.8% of revenue. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents rose by $1.7 million over the year.
Related: IPW income statement, IPW balance sheet. See the IPW stock overview for the latest quote and news.
IPW cash flow FAQ
What is iPower's free cash flow?
iPower's free cash flow was -$0.2 million in fiscal 2026: -$0.2 million of operating cash flow minus $0 of capital expenditures It was -$0.7 million a year earlier..
How much cash does iPower generate from operations?
iPower generated -$0.2 million of cash from operating activities in fiscal 2026.
How much stock does iPower buy back?
iPower spent $0.0 million on net share repurchases in fiscal 2026.