iPower Inc (IPW) - Net Assets
Based on the latest financial reports, iPower Inc (IPW) has net assets worth $17.98 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.76 Million) and total liabilities ($16.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of iPower Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.98 Million |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 81.16% |
| 5-Year Change | -26.85% |
| 10-Year Change | N/A |
| Growth Volatility | 301.66 |
iPower Inc - Net Assets Trend (2019–2025)
This chart illustrates how iPower Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of iPower Inc for the complete picture of this company's asset base.
Annual Net Assets for iPower Inc (2019–2025)
The table below shows the annual net assets of iPower Inc from 2019 to 2025. For live valuation and market cap data, see iPower Inc (IPW) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $18.28 Million | -20.59% |
| 2024-06-30 | $23.02 Million | +10.31% |
| 2023-06-30 | $20.86 Million | -35.60% |
| 2022-06-30 | $32.40 Million | +29.66% |
| 2021-06-30 | $24.99 Million | +752.61% |
| 2020-06-30 | $2.93 Million | +467.33% |
| 2019-06-30 | $516.54K | -- |
Equity Component Analysis
This analysis shows how different components contribute to iPower Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2947.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.36K | 0.17% |
| Other Comprehensive Income | $40.11K | 0.22% |
| Other Components | $33.45 Million | 182.56% |
| Total Equity | $18.32 Million | 100.00% |
iPower Inc Competitors by Market Cap
The table below lists competitors of iPower Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
International Frontier Resources Corporation
V:IFR
|
$964.26K |
|
FINEQIA INTERN. INC. O.N.
F:FNQA
|
$964.99K |
|
Nuwellis Inc
NASDAQ:NUWE
|
$965.85K |
|
Lapidoth-Heletz Limited Partnership
TA:LPHL-L
|
$966.23K |
|
Rare Foods Australia Ltd
AU:RFA
|
$962.23K |
|
BIOCURE TECHNOLOGY INC.
F:1WH
|
$960.84K |
|
Bladeranger Ltd
TA:BLRN
|
$960.22K |
|
Schroder European Reit Plc
LSE:SERE
|
$959.31K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in iPower Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,054,237 to 18,323,463, a change of -4,730,774 (-20.5%).
- Net loss of 4,968,288 reduced equity.
- Other comprehensive income increased equity by 250,513.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.97 Million | -27.11% |
| Other Comprehensive Income | $250.51K | +1.37% |
| Other Changes | $-13.00K | -0.07% |
| Total Change | $- | -20.52% |
Book Value vs Market Value Analysis
This analysis compares iPower Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.68x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | $0.55 | $0.92 | x |
| 2020-06-30 | $3.11 | $0.92 | x |
| 2021-06-30 | $28.34 | $0.92 | x |
| 2022-06-30 | $35.00 | $0.92 | x |
| 2023-06-30 | $21.09 | $0.92 | x |
| 2024-06-30 | $23.15 | $0.92 | x |
| 2025-06-30 | $17.48 | $0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently iPower Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -27.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.51%
- • Asset Turnover: 1.86x
- • Equity Multiplier: 1.95x
- Recent ROE (-27.11%) is below the historical average (11.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 102.29% | 2.31% | 2.71x | 16.32x | $476.74K |
| 2020 | 67.80% | 4.98% | 2.92x | 4.67x | $1.69 Million |
| 2021 | -3.10% | -1.43% | 1.52x | 1.43x | $-3.27 Million |
| 2022 | 4.68% | 1.91% | 1.01x | 2.42x | $-1.72 Million |
| 2023 | -57.28% | -13.46% | 1.48x | 2.88x | $-14.05 Million |
| 2024 | -6.63% | -1.78% | 1.68x | 2.23x | $-3.83 Million |
| 2025 | -27.11% | -7.51% | 1.86x | 1.95x | $-6.80 Million |
Industry Comparison
This section compares iPower Inc's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $7,541,565,044
- Average return on equity (ROE) among peers: 6.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| iPower Inc (IPW) | $17.98 Million | 102.29% | 0.93x | $963.81K |
| Winamp Group SA (ALPET) | $3.19 Million | -19.36% | 0.11x | $13.13 Million |
| Amazon.com Inc (AMZN) | $62.06 Billion | 18.67% | 2.63x | $2.51 Trillion |
| Beyond, Inc. (BYON) | $54.91 Million | -21.03% | 0.78x | $541.91 Million |
| Baozun Inc (BZUN) | $5.78 Billion | -3.20% | 0.77x | $138.03 Million |
| Maplebear Inc. (CART) | $50.26 Million | 5.87% | 8.45x | $10.15 Billion |
| Chewy Inc (CHWY) | $-403.97 Million | 0.00% | 0.00x | $6.09 Billion |
| Coupang LLC (CPNG) | $4.10 Billion | 3.75% | 2.74x | $33.89 Billion |
| Dada Nexus Ltd (DADA) | $-7.19 Billion | 0.00% | 0.00x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $1.18 Billion | -56.43% | 0.47x | $69.45 Billion |
| eBay Inc (EBAY) | $9.78 Billion | 139.17% | 1.72x | $39.55 Billion |
About iPower Inc
iPower Inc. operates as an online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products for commercial and home cultivators growing specialty crops, and home goods customers in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fer… Read more