{"id":938765,"date":"2026-02-20T17:29:13","date_gmt":"2026-02-20T22:29:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/"},"modified":"2026-02-20T17:29:13","modified_gmt":"2026-02-20T22:29:13","slug":"ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/","title":{"rendered":"iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset"},"content":{"rendered":"
\n

RANCHO CUCAMONGA, Calif., Feb. 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today reported financial results for the fiscal second quarter ended December 31, 2025. Revenue was $7.1 million<\/strong>, reflecting the Company\u2019s deliberate supply chain restructuring and transition to predominantly U.S.-based sourcing during the quarter<\/strong>, while gross profit was $3.1 million<\/strong> and gross margin remained strong at 44.0%<\/strong>. Total operating expenses declined 28% year-over-year to $5.6 million<\/strong> compared to the quarter ended December 31, 2024. Net loss attributable to iPower was $1.2 million<\/strong>, or $(1.08) per share<\/strong>. The Company reported $2.0 million of cash and cash equivalents, $2.2 million of restricted cash, and approximately $2.2 million of digital assets.<\/p>\n

During December 2025, the Company implemented a Digital Asset Treasury (\u201cDAT\u201d) strategy with an institutional investor<\/strong> after closing on the first tranche of an up to $30 million convertible note offering, receiving $6.5 million in gross proceeds. Subsequent to quarter-end, in February 2026, iPower completed the divestiture of Global Product Marketing Inc. (\u201cGPM\u201d) for approximately $2.3 million in total consideration<\/strong> and authorized a $2 million share repurchase program<\/strong>.<\/p>\n

\n Management Commentary<\/strong>\n <\/p>\n

\u201cOur fiscal second quarter reflects a deliberate strategic transition,\u201d said Lawrence Tan, CEO of iPower. \u201cIn December 2025, we implemented our first institutional Digital Asset Treasury strategy, advancing our crypto infrastructure initiatives while maintaining disciplined execution across our core operations.\u201d<\/p>\n

\u201cAt the same time, we made the active decision to restructure our supply chain, consolidate vendors, and shift toward primarily U.S.-based sourcing. While this transition temporarily reduced revenue levels, we believe this transition will strengthen long-term reliability, margin stability, and operational control. Subsequent to quarter-end, we divested GPM, which historically represented a significant operating cost center, materially lowering our forward expense base.\u201d<\/p>\n

\n \u201cImportantly, our Board authorized iPower\u2019s first-ever $2 million share repurchase program, reflecting confidence in our strengthened balance sheet and the long-term value of our business.<\/strong>\n <\/p>\n

\n \u201cThe February restructuring was not simply a divestiture \u2014 it marked the beginning of a new chapter for iPower. We streamlined our sourcing, strengthened our financial position, reduced structural costs, and positioned our business to selectively invest in infrastructure-driven growth opportunities.\u201d<\/strong>\n <\/p>\n

\n Fiscal Second Quarter 2026 Financial Summary<\/strong>\n <\/p>\n

Revenue for the fiscal second quarter of 2026 was $7.1 million<\/strong>. The decline from prior-year levels was primarily attributable to the Company\u2019s proactive supply chain restructuring. During the quarter, iPower intentionally reduced purchase volumes from certain legacy international vendors and paused selected SKUs while transitioning to a predominantly U.S.-based sourcing model. This deliberate shift temporarily reduced available inventory and sales volume but was undertaken to improve supply chain transparency, reduce geopolitical and logistics risk, and enhance long-term gross margin durability.<\/p>\n

Gross profit was $3.1 million<\/strong>, and gross margin remained stable at 44.0%<\/strong>, demonstrating that the core economics of the Company\u2019s supply chain platform remained intact despite lower revenue during the transition period.<\/p>\n

Total operating expenses declined to $5.6 million<\/strong>, down 28% year-over-year, driven by personnel reductions, tighter expense controls, and operational efficiencies implemented alongside our supply chain restructuring.<\/p>\n

Net loss attributable to iPower was $1.2 million<\/strong>, or $(1.08) per share<\/strong>, reflecting lower revenue during the transition period and ongoing strategic investments, including the initial implementation of the Company\u2019s Digital Asset Treasury initiative.<\/p>\n

During the quarter, iPower continued to reduce traditional borrowings, with short-term debt declining to $2.6 million as of December 31, 2025 from $3.7 million as of June 30, 2025. As of December 31, 2025, the Company reported $2.0 million of cash and cash equivalents, $2.2 million of restricted cash, and approximately $2.2 million of digital assets; total debt was approximately $8.4 million, including $5.8 million of convertible notes.<\/p>\n

\n Post-Quarter Strategic Update<\/strong>\n <\/p>\n

In February 2026, subsequent to the quarter close, iPower completed the divestiture of GPM, eliminating a major operating cost center while retaining iPower\u2019s core supply chain, fulfillment, and infrastructure assets. The transaction generated approximately $2.3 million<\/strong> in consideration and reduces forward operating expense requirements.<\/p>\n

Because the divestiture was completed after December 31, 2025, the reported Q2 results do not reflect the full impact of the restructuring. Management expects the streamlined operating model and predominantly U.S.-based supply chain to provide a stronger and more resilient operating foundation going forward.<\/p>\n

The Company also authorized its first-ever $2 million share repurchase program<\/strong>, under which repurchases may be made from time to time through open market purchases or privately negotiated transactions, subject to market conditions and applicable legal requirements.<\/p>\n

\n About iPower Inc.<\/strong>\n <\/p>\n

iPower Inc. (Nasdaq: IPW) is a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, operating at the intersection of digital assets and real-world commerce. The Company delivers procurement, fulfillment, logistics, and software-enabled services, and is executing a broader crypto strategy through licensed partners and compliant infrastructure. For more information, please visit www.meetipower.com<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

All statements other than statements of historical fact in this press release are forward-looking statements, including statements regarding the share repurchase program, the anticipated benefits of the financing, the implementation of iPower\u2019s digital asset strategy, and iPower\u2019s future business plans. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cis\/are likely to\u201d or other similar expressions. iPower undertakes no obligation to update forward-looking statements except as may be required by law. Actual results may differ materially from those anticipated. Investors are encouraged to review iPower\u2019s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings.<\/p>\n

\n Media & Investor Contact<\/strong>\n <\/p>\n

\n IPW.IR@meetipower.com<\/a>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
iPower Inc. and Subsidiaries<\/td>\n<\/tr>\n
Consolidated Balance Sheets<\/td>\n<\/tr>\n
As of December 31, 2025 and June 30, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n ASSETS<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCash and cash equivalent<\/td>\n\u00a0<\/td>\n$<\/td>\n2,011,738<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,007,890<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts receivable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,168,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,124,008<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInventories, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,611,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,131,203<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRestricted Cash – BitGo<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,209,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nPrepayments and other current assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,691,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,111,210<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,692,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,374,311<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRight of use – non-current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,286,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,915,539<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProperty and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n187,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n390,349<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDeferred tax assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,753,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,724,462<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGoodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInvestment in joint venture<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n678,706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n385,180<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nIntangible assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,656,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,981,328<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDigital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,214,759<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,493,705<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,837,488<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,305,072<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,268,456<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal assets<\/td>\n\u00a0<\/td>\n$<\/td>\n33,997,288<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,642,767<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES AND EQUITY<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts payable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,056,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,180,009<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther payables and accrued liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n981,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,893,921<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLease liability – current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,418,909<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,361,111<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nShort-term loan payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,500,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nShort-term loan payable – related party<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,063,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRevolving loan payable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,737,602<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nIncome taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n280,155<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,024,466<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,452,798<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nConvertible notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,381,531<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDerivative liability – Conversion option<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,413,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLease liability – non-current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,193,849<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,913,967<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,988,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,913,967<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,012,946<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,366,765<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingency<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ Equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nPreferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\noutstanding at September 30, 2025 and June 30, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n**Common stock, $0.001 par value; 180,000,000 shares authorized; 1,081,460 and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n1,045,330 shares issued and outstanding at December 31, 2025 and June 30, 2025<\/td>\n1,082<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,045<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAdditional paid in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,891,869<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,481,201<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccumulated deficits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,925,818<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,198,889<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nNon-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,462<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,462<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccumulated other comprehensive loss<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,671<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,107<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,984,342<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,276,002<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n33,997,288<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,642,767<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n \u00a0<\/em>
\n <\/strong>
\n **all shares of common stock and per share numbers in the unaudited condensed consolidated financial statements have been adjusted retroactively to reflect the 1-for-30 reverse stock split effected on October 27, 2025 for all periods presented.<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
iPower Inc. and Subsidiaries<\/td>\n<\/tr>\n
Consolidated Statements of Operations and Comprehensive Loss<\/td>\n<\/tr>\n
For the Three and Six Months Ended December 31, 2025 and 2024<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nFor the Three Months Ended December 31,<\/td>\n\u00a0<\/td>\nFor the Six Months Ended December 31,<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n2024<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n<\/tr>\n
REVENUES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProduct sales<\/td>\n\u00a0<\/td>\n$<\/td>\n7,133,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,606,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,618,347<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,882,301<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nService income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,465,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,532,722<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,198,791<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,133,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,072,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,151,069<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,081,092<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
COST OF REVENUES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProduct costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,994,680<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,461,119<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,872,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,378,567<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nService costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,221,566<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,332,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,824,742<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal cost of revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,994,680<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,682,685<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,205,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,203,309<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GROSS PROFIT<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,138,922<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,389,886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,945,446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,877,783<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OPERATING EXPENSES:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSelling and fulfillment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,075,161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,628,914<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,255,351<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,543,722<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGeneral and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,501,738<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,077,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,823,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,396,888<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,576,899<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,706,279<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,078,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,940,610<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
INCOME (LOSS) FROM OPERATIONS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,437,977<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n683,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,133,156<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,062,827<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OTHER INCOME (EXPENSE)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(167,222<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(140,672<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(228,941<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(280,634<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on equity method investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(802<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,721<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on deconsolidation of VIE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(39,624<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nUnrealized gain (loss) on digital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,759<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,759<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nChange in fair value of derivative liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n176,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n176,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,100<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,100<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther non-operating income (expenses)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n433,151<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(205,958<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,232,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,728<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal other income (expenses), net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n424,188<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(347,432<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,122,135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269,627<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
INCOME (LOSS) BEFORE INCOME TAXES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,013,789<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n336,175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,011,021<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,332,454<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
PROVISION FOR INCOME TAX EXPENSE (BENEFIT)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(820,508<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n120,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,284,092<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(516,001<\/td>\n)<\/td>\n<\/tr>\n
NET INCOME (LOSS)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,193,281<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n215,664<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,726,929<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,816,453<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNon-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,155<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,991<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NET INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,193,281<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n218,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,726,929<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,810,462<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OTHER COMPREHENSIVE INCOME (LOSS)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nForeign currency translation adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(379<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,564<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101,076<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,193,660<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n374,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,702,365<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,709,386<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
WEIGHTED AVERAGE NUMBER OF COMMON STOCK<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic**<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,102,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,917<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,075,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,570<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDiluted**<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,102,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,917<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,075,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,570<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
EARNINGS (LOSSES) PER SHARE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.08<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.60<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.73<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDiluted<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.08<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.60<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.73<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n **all shares of common stock and per share numbers in the unaudited condensed consolidated financial statements have been adjusted retroactively to reflect the 1-for-30 reverse stock split effected on October 27, 2025 for all periods presented. <\/em>\n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

RANCHO CUCAMONGA, Calif., Feb. 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today reported financial results for the fiscal second quarter ended December 31, 2025. Revenue was $7.1 million, reflecting the Company\u2019s deliberate supply chain restructuring and transition to predominantly U.S.-based sourcing during the quarter, while gross profit was $3.1 million and gross margin remained strong at 44.0%. Total operating expenses declined 28% year-over-year to $5.6 million compared to the quarter ended December 31, 2024. Net loss attributable to iPower was $1.2 million, or $(1.08) per share. The Company reported $2.0 million of cash and cash equivalents, $2.2 million of restricted cash, and approximately $2.2 million of digital assets. During December 2025, the Company implemented … <\/p>\n

Continue reading “iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-938765","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\niPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RANCHO CUCAMONGA, Calif., Feb. 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today reported financial results for the fiscal second quarter ended December 31, 2025. Revenue was $7.1 million, reflecting the Company\u2019s deliberate supply chain restructuring and transition to predominantly U.S.-based sourcing during the quarter, while gross profit was $3.1 million and gross margin remained strong at 44.0%. Total operating expenses declined 28% year-over-year to $5.6 million compared to the quarter ended December 31, 2024. Net loss attributable to iPower was $1.2 million, or $(1.08) per share. The Company reported $2.0 million of cash and cash equivalents, $2.2 million of restricted cash, and approximately $2.2 million of digital assets. 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(Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today reported financial results for the fiscal second quarter ended December 31, 2025. Revenue was $7.1 million, reflecting the Company\u2019s deliberate supply chain restructuring and transition to predominantly U.S.-based sourcing during the quarter, while gross profit was $3.1 million and gross margin remained strong at 44.0%. Total operating expenses declined 28% year-over-year to $5.6 million compared to the quarter ended December 31, 2024. Net loss attributable to iPower was $1.2 million, or $(1.08) per share. The Company reported $2.0 million of cash and cash equivalents, $2.2 million of restricted cash, and approximately $2.2 million of digital assets. During December 2025, the Company implemented … Continue reading \"iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-20T22:29:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1ODU4MCM3NDM2NjQ5IzIyMDg3MjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset","datePublished":"2026-02-20T22:29:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/"},"wordCount":1382,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1ODU4MCM3NDM2NjQ5IzIyMDg3MjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-q2-2026-results-and-completes-strategic-operating-reset\/","name":"iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating Reset - 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