iPower Inc. (IPW) Stock

iPower Inc. (IPW) is a Consumer Discretionary stock trading at $2.96 (as of 2026-08-20), with a market capitalization of $1.74M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

iPower Inc. operates an online retail business selling hydroponics equipment in the United States through its website and third-party e-commerce channels. It offers items such as grow lights, ventilation components, filters, nutrients and growing media, grow tents, pumps, trimming machines, and related accessories under the iPower and Simple Deluxe brands.

Understand iPower Inc.: how it makes money

iPower Inc. sells hydroponics and indoor or greenhouse growing equipment online, making money by selling products under the iPower and Simple Deluxe brands through its Zenhydro.com website and third-party e-commerce channels.

The profit model is tied to online product sales of hydroponics equipment through its brands (iPower and Simple Deluxe) across Zenhydro.com and third-party e-commerce channels, where gross profit from those sales must cover operating costs to reach positive operating income.

Business quality (Weak): Business description is clear, but no official reportable segments or operational KPIs were provided, and the latest quarter showed gross margin of 21.6% alongside an operating margin of -32.7%, indicating the company is not currently covering operating costs from gross profit.

Bull case

  • Gross profit exists in the business model: For the latest period (2026-03-31), gross margin was 21.6%, showing that product sales can generate gross profit.
  • Multiple online routes to customers: The company sells through Zenhydro.com and various third-party e-commerce channels, which can diversify customer acquisition points within online retail.

Bear case

  • Operating losses in the latest quarter: Operating margin was -32.7% for 2026-03-31, meaning operating costs exceeded operating gross profit.
  • No segment or KPI visibility provided: With no official reportable segments or operational KPIs provided here, it is harder to pinpoint what specifically is driving operating expense and performance.
Valuation — source: SEC EDGAR (first-party)
Price$2.96
Market Cap$1.74M
Price / Book0.10
Price / Sales0.05
DCF Value (model)$1.99
DCF Upside vs Price-32.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$66.14M
Net Margin-7.5%
Revenue Growth (YoY)-78.9%
EPS Growth (YoY)23700.0%
Financial Health — source: SEC EDGAR
Altman Z-Score4.10 (safe)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Retail)19.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($115491.00)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRetail
CEOChenlong Tan
Employees60
CountryUS
IPO Date2021-05-12

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IPW earnings history · IPW institutional & insider holders · IPW KPIs & operating metrics · IPW financials · IPW investor presentations & press releases · IPW SEC filings · IPW peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.