iPower reported fiscal Q2 2026 results with revenue of USD 7.1 million as it restructured its supply chain and transitioned to predominantly U.S.-based sourcing. Gross profit was USD 3.1 million, with gross margin of 44.0%. Total operating expenses fell 28% year-over-year to USD 5.6 million. Net loss attributable to shareholders was USD 1.2 million, or USD (1.08) per share. iPower ended the quarter with USD 2 million in cash and cash equivalents, USD 2.2 million of restricted cash, and approximately USD 2.2 million of digital assets. Total debt was approximately USD 8.4 million, including USD 5.8 million of convertible notes, and short-term debt declined to USD 2.6 million from USD 3.7 million as of June 30, 2025. During December 2025, iPower implemented a Digital Asset Treasury strategy with an institutional investor after closing the first tranche of an up to USD 30 million convertible note offering, receiving USD 6.5 million in gross proceeds. After quarter-end, iPower completed the divestiture of Global Product Marketing for approximately USD 2.3 million in total consideration and authorized its first-ever USD 2 million share repurchase program. Management said the supply chain shift temporarily reduced revenue levels and that the GPM divestiture materially lowers its forward expense base.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iPower Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602201630PRIMZONEFULLFEED9658580) on February 20, 2026, and is solely responsible for the information contained therein.
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