iPower 2025 Q4 Earnings Sharp Net Loss Amid Strategic Shifts

iPower (IPW) reported its fiscal 2025 Q4 earnings on October 9, 2025. The results marked a significant decline in profitability, with the company posting a net loss of $0.09 per share compared to a profit of $0.02 per share a year ago. The earnings missed expectations, with no guidance provided for future periods.

Revenue
iPower’s total revenue for the quarter fell sharply by 40.9% year-over-year to $11.49 million, compared to $19.45 million in the same period in 2024.

Earnings/Net Income
The company swung from a net income of $653,417 in 2024 Q4 to a net loss of $2.82 million in 2025 Q4, representing a 531.4% deterioration. On a per-share basis, the EPS shifted from a profit of $0.02 to a loss of $0.09, reflecting a 528.1% negative change. The earnings performance was notably weak, underscoring the financial challenges the company is currently facing.

Price Action
The stock price of iPower has experienced a strong upward trend, rising 8.82% during the latest trading day, 11.04% during the most recent full trading week, and 11.37% month-to-date.

Post-Earnings Price Action Review
Following the release of the earnings report, iPower’s stock price has seen a strong rebound, with significant gains recorded over the latest trading day, the most recent full week, and on a month-to-date basis. The market appears to be responding positively to the company's strategic initiatives and forward-looking plans, despite the earnings shortfall. This price action suggests some optimism among investors regarding the firm’s long-term direction.

CEO Commentary
Lawrence Tan, CEO of iPower, emphasized fiscal 2025 as a critical year for the company’s operational realignment. Despite tariff-related disruptions, iPower maintained stable gross margins, reduced debt by 41% to $3.7 million, and optimized inventory to improve working-capital efficiency. A major strategic move involved shifting nearly all supply chains from China imports to U.S.-based inventory, reducing exposure to tariffs and freight risks. Tan also highlighted the disciplined exit from unprofitable partnerships and the launch of a domestic joint-venture manufacturing line. Looking ahead, the CEO is optimistic about the leaner inventory position and new brand collaborations, including with TCL, and outlined plans to expand the SuperSuite platform and domestic manufacturing infrastructure to enhance supply chain agility and long-term scalability.

Guidance
The earnings report did not include specific quantitative guidance for revenue, EPS, or CAPEX. Management remains focused on operational optimization and diversification but has not provided numerical targets or financial projections for future periods.

Additional News
In the three weeks following the earnings release on October 9, 2025, iPower announced a major joint venture with a domestic manufacturer, signaling a strategic shift toward localized production. The company also confirmed the appointment of a new Chief Operations Officer, bringing in seasoned industry leadership to support its domestic expansion. Additionally, iPower unveiled a new partnership initiative aimed at enhancing product distribution and brand visibility through digital platforms. No dividend-related actions or buyback programs were disclosed during this period. These developments underscore the company’s ongoing commitment to operational and strategic realignment.