Valuation for IPW - findataslice

	iPower Inc. (IPW)
	Q4-CY2026	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014
Balance Sheet Date			2026-Jun-30	2026-Mar-31	2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31											2021-Mar-31
Fiscal Period			Q4-FY2026	Q3-FY2026	Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024											Q3-FY2020
Close Price of Common Stock	0.56$	1.15$	2.11$	1.41$	7.59$	0.51$	0.59$	0.51$	0.79$	1.81$	2.02$	0.53$	0.46$	0.72$	1.07$	0.59$	0.37$	0.76$	1.07$	1.82$	2.35$	4.05$	7.08$
Market Cap of Common Stock	707,047$	6,083,407$	11,161,729$	1,858,080$	7,962,725$	16,062,540$	18,565,060$	16,164,836$	24,682,954$	56,879,775$	60,083,737$	15,833,510$								48,136,567$	62,154,358$	106,984,842$	187,256,534$
QoQ%	(88.38%)	(45.50%)	500.71%	(76.67%)	(50.43%)	(13.48%)	14.85%	(34.51%)	(56.61%)	(5.33%)	279.47%									(22.55%)	(41.90%)	(42.87%)
YoY%	(91.12%)	(62.13%)	(39.88%)	(88.51%)	(67.74%)	(71.76%)	(69.10%)	2.09%
Common Shares Outstanding	1,262,584		167,196	1,773,999	1,081,460	1,049,790	14,518	31,359,899	31,359,899	31,359,899	31,359,899	29,818,232	29,710,939	29,710,939	29,710,939	29,572,382	29,572,382	29,572,382	29,572,382				26,448,663	20,204,496				20,170,788
QoQ%			(90.58%)	64.04%	3.02%	7,130.96%	(99.95%)	.00%	.00%	.00%	5.17%	.36%		.00%	.47%	.00%	.00%	.00%					30.91%
YoY%	16.75%		1,051.65%	(94.34%)	(96.55%)	(96.65%)	(99.95%)	5.17%	5.55%					.47%	.47%				11.81%					.17%
Price to Sales	.03x	.25x	.46x	.06x	.17x	.28x	.29x	.22x	.31x	.72x
Price to Earnings	-	-	-	-	-	-	-	-	-	-
Price to Book	.04x	.36x	.66x	.11x	.44x	.90x	1.02x	.78x	1.14x	2.69x	2.61x	.83x									15.25x	26.25x	45.95x
Total Revenue			1,433,257$	3,498,681$	7,133,602$	12,017,467$	10,579,748$	16,041,672$	19,072,571$	19,008,521$	19,454,481$	23,308,508$	16,800,122$	26,508,374$	23,399,166$	20,225,619$	19,254,590$							13,133,902$				9,772,108$
QoQ%			(59.03%)	(50.96%)	(40.64%)	13.59%	(34.05%)	(15.89%)	.34%	(2.29%)	(16.54%)	38.74%		13.29%	15.69%	5.04%
YoY%			(86.45%)	(78.19%)	(62.60%)	(36.78%)	(45.62%)	(31.18%)	13.53%															34.40%
TTM			24,083,007$	33,229,498$	45,772,489$	57,711,458$	64,702,512$	73,577,245$	80,844,081$	78,571,632$				89,387,749$
TTM_QoQ%			(27.53%)	(27.40%)	(20.69%)	(10.81%)	(12.06%)	(8.99%)	2.89%
TTM_YoY%			(62.78%)	(54.84%)	(43.38%)	(26.55%)
Gross Margin			(195.23%)	21.60%	44.00%	40.00%	42.28%	42.74%	43.99%	44.65%	44.60%	44.48%	43.56%	44.36%	38.68%	38.52%	41.39%							43.89%				32.33%
QoQ			(216.83%)	(22.41%)	4.01%	(2.28%)	(.46%)	(1.25%)	(.66%)	.05%	.12%	.92%		5.68%	.16%	(2.87%)
YoY			(237.51%)	(21.14%)	.01%	(4.66%)	(2.32%)	(1.74%)	.43%															11.56%
Operating Income			(9,287,686$)	(1,144,261$)	(2,437,977$)	(1,695,179$)	(3,505,936$)	(334,504$)	683,607$	(2,746,434$)	1,256,856$	1,601,276$	(2,552,347$)	(1,268,677$)	(2,996,473$)	(1,811,198$)	(4,082,566$)							788,734$				340,185$
QoQ%			(711.68%)	53.07%	(43.82%)	51.65%	(948.10%)	(148.93%)	124.89%	(318.52%)	(21.51%)	162.74%		57.66%	(65.44%)	55.64%
YoY%			(164.91%)	(242.08%)	(456.63%)	38.28%	(378.95%)	(120.89%)	126.78%															131.85%
TTM			(14,565,103$)	(8,783,353$)	(7,973,596$)	(4,852,012$)	(5,903,267$)	(1,140,475$)	795,305$	(2,440,649$)				(10,158,914$)
TTM_QoQ%			(65.83%)	(10.16%)	(64.34%)	17.81%	(417.62%)	(243.40%)	132.59%
TTM_YoY%			(146.73%)	(670.15%)	(1,102.58%)	(98.80%)
Operating Margin			(648.01%)	(32.71%)	(34.18%)	(14.11%)	(33.14%)	(2.09%)	3.58%	(14.45%)	6.46%	6.87%	(15.19%)	(4.79%)	(12.81%)	(8.96%)	(21.20%)							6.01%				3.48%
QoQ			(615.31%)	1.47%	(20.07%)	19.03%	(31.05%)	(5.67%)	18.03%	(20.91%)	(.41%)	22.06%		8.02%	(3.85%)	12.25%
YoY			(614.88%)	(30.62%)	(37.76%)	.34%	(39.60%)	(8.96%)	18.78%															2.52%
Net Income			(6,440,755$)	(3,454,878$)	(1,193,281$)	(533,648$)	(2,818,720$)	(342,373$)	215,664$	(2,029,281$)	657,102$	1,016,082$	(1,914,828$)	(1,286,515$)	(2,962,041$)	(1,530,534$)	(3,290,439$)							(206,823$)				220,724$
QoQ%			(86.43%)	(189.53%)	(123.61%)	81.07%	(723.29%)	(258.75%)	110.63%	(408.82%)	(35.33%)	153.06%		56.57%	(93.53%)	53.49%
YoY%			(128.50%)	(909.10%)	(653.31%)	73.70%	(528.96%)	(133.70%)	111.26%															(193.70%)
TTM			(11,622,562$)	(8,000,527$)	(4,888,022$)	(3,479,077$)	(4,974,710$)	(1,498,888$)	(140,433$)	(2,270,925$)				(9,069,529$)
TTM_QoQ%			(45.27%)	(63.68%)	(40.50%)	30.07%	(231.89%)	(967.33%)	93.82%
TTM_YoY%			(133.63%)	(433.76%)	(3,380.68%)	(53.20%)
Profit Margin			(449.38%)	(98.75%)	(16.73%)	(4.44%)	(26.64%)	(2.13%)	1.13%	(10.68%)	3.38%	4.36%	(11.40%)	(4.85%)	(12.66%)	(7.57%)	(17.09%)							(1.58%)				2.26%
QoQ			(350.63%)	(82.02%)	(12.29%)	22.20%	(24.51%)	(3.27%)	11.81%	(14.05%)	(.98%)	15.76%		7.81%	(5.09%)	9.52%
YoY			(422.74%)	(96.61%)	(17.86%)	6.24%	(30.02%)	(6.49%)	12.53%															(3.83%)
Equity to Common Shareholders			16,942,374$	17,150,624$	17,984,342$	17,917,500$	18,276,002$	20,717,947$	21,703,929$	21,134,822$	23,016,033$	18,967,620$	17,755,572$	19,692,565$	20,864,741$	23,725,603$	25,124,197$	28,238,056$	32,396,830$					4,075,165$	4,281,988$		2,930,516$	1,741,500$
QoQ			(208,250$)	(833,718$)	66,842$	(358,502$)	(2,441,945$)	(985,982$)	569,107$	(1,881,211$)	4,048,413$	1,212,048$		(1,172,176$)	(2,860,862$)	(1,398,594$)	(3,113,859$)	(4,158,774$)						(206,823$)			1,189,016$
QoQ%			(1.21%)	(4.64%)	.37%	(1.96%)	(11.79%)	(4.54%)	2.69%	(8.17%)	21.34%	6.83%		(5.62%)	(12.06%)	(5.57%)	(11.03%)	(12.84%)						(4.83%)			68.28%
YoY			(1,333,628$)	(3,567,323$)	(3,719,587$)	(3,217,322$)	(4,740,031$)	1,750,327$	3,948,357$					(8,545,491$)	(11,532,089$)									2,333,665$
YoY%			(7.30%)	(17.22%)	(17.14%)	(15.22%)	(20.59%)	9.23%	22.24%					(30.26%)	(35.60%)									134.00%
Dividends Paid
Additional Paid-In Capital QoQ			6,286,472$	2,636,211$	1,260,470$	149,168$	161,128$	(546,053$)	197,313$	205,960$	3,449,886$	130,350$
Treasury Stock			41,755$
QoQ
Goodwill			0$	0$	3,034,110$	3,034,110$	3,034,110$	3,034,110$	3,034,110$	3,034,110$	3,034,110$	3,034,110$	3,034,110$		3,034,110$		3,034,110$		6,094,144$	6,100,000$
QoQ%			.00%	(100.00%)	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%							(.10%)
YoY%			(100.00%)	(100.00%)	.00%	.00%	.00%	.00%	.00%
Other Intangible Assets			2,331,957$	2,494,300$	2,656,643$	2,818,986$	2,981,328$	3,143,671$	3,306,014$	3,468,357$	3,630,700$	3,793,042$	3,955,385$		4,280,071$
QoQ			(162,343$)	(162,343$)	(162,343$)	(162,342$)	(162,343$)	(162,343$)	(162,343$)	(162,343$)	(162,342$)	(162,343$)
Amortization of Intangible Assets			162,342$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$	162,343$
Total Assets			28,987,114$	31,306,588$	33,997,288$	28,592,294$	35,642,767$	40,506,481$	43,869,572$	42,395,487$	51,295,857$	50,416,673$	49,070,076$		60,094,287$									23,705,665$			13,673,373$
QoQ			(2,319,474$)	(2,690,700$)	5,404,994$	(7,050,473$)	(4,863,714$)	(3,363,091$)	1,474,085$	(8,900,370$)	879,184$	1,346,597$
YoY			(6,655,653$)	(9,199,893$)	(9,872,284$)	(13,803,193$)	(15,653,090$)	(9,910,192$)	(5,200,504$)
Total Liabilities			12,044,740$	14,155,964$	16,012,946$	10,674,794$	17,366,765$	19,788,534$	22,165,643$	21,260,665$	28,279,824$	31,449,053$	31,314,504$		39,229,546$									19,630,500$			10,742,857$
QoQ			(2,111,224$)	(1,856,982$)	5,338,152$	(6,691,971$)	(2,421,769$)	(2,377,109$)	904,978$	(7,019,159$)	(3,169,229$)	134,549$
YoY			(5,322,025$)	(5,632,570$)	(6,152,697$)	(10,585,871$)	(10,913,059$)	(11,660,519$)	(9,148,861$)
Current Ratio			1.47x	2.20x	1.83x	1.46x	1.34x	1.92x	1.95x	1.86x	1.47x	1.25x	1.18x		1.77x									1.27x			1.31x
Total Current Assets			10,648,637$	14,497,050$	14,692,216$	11,834,300$	19,374,311$	24,805,158$	28,280,264$	26,332,898$	35,010,737$	33,062,815$	30,519,391$		41,259,270$									21,506,604$			13,404,246$
QoQ			(3,848,413$)	(195,166$)	2,857,916$	(7,540,011$)	(5,430,847$)	(3,475,106$)	1,947,366$	(8,677,839$)	1,947,922$	2,543,424$
Total Current Liabilities			7,264,397$	6,603,693$	8,024,466$	8,118,690$	14,452,798$	12,947,147$	14,510,487$	14,182,775$	23,770,015$	26,499,251$	25,811,139$		23,332,308$									16,895,430$			10,242,857$
QoQ			660,704$	(1,420,773$)	(94,224$)	(6,334,108$)	1,505,651$	(1,563,340$)	327,712$	(9,587,240$)	(2,729,236$)	688,112$
Debt to Asset Ratio			.42x	.45x	.47x	.37x	.49x	.49x	.51x	.50x	.55x	.62x	.64x		.65x									.83x			.79x
Long Term Debt																								470,756$			500,000$
QoQ
YoY
Capital Lease Obligations			2,913,969$	3,267,493$	3,612,758$	3,945,938$	4,275,078$	4,659,637$	5,153,380$	5,632,824$	6,549,110$	7,056,669$	7,568,542$		8,265,220$
Cash and Cash Equivalents			478,042$	713,685$	2,011,738$	903,975$	1,677,879$	2,192,255$	2,877,457$	2,577,305$	7,219,296$	2,714,724$	1,488,027$		3,735,642$									474,322$			977,635$	877,156$
QoQ			(235,643$)	(1,298,053$)	1,107,763$	(773,904$)	(514,376$)	(685,202$)	300,152$	(4,641,991$)	4,504,572$	1,226,697$															100,479$
YoY			(1,199,837$)	(1,478,570$)	(865,719$)	(1,673,330$)	(5,541,417$)	(522,469$)	1,389,430$															(402,834$)
Interest Expenses			0$	0$	70,306$	61,719$	73,706$	81,904$	140,210$	131,217$	188,880$	180,369$	154,533$	215,445$	251,779$	218,554$	280,420$							60,118$				26,222$
Interest Income