iPower (IPW) Cost of Revenue (2020 - 2026)
iPower's (IPW) quarterly Cost of Revenue came in at $2.7 million in Q1 2026, down 70.14% YoY from $9.2 million in Q1 2025, and down 31.33% on a QoQ basis from $4.0 million in Q4 2025.
iPower (IPW) Cost of Revenue (2020 - 2026) Analysis & Trends
iPower (IPW) has 7 years of Cost of Revenue data on file, last reported at $2.7 million in Q1 2026.
- Quarterly Cost of Revenue fell 70.14% year-over-year to $2.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$15.4 million (down 137.32% YoY) and the FY2025 annual result came in at $435155.0, down 99.09% from the prior year.
- Cost of Revenue eased to $2.7 million in Q1 2026, from $4.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $16.0 million in Q3 2022 to a low of -$29.3 million in Q2 2025.
- A 5-year average of $8.5 million and a median of $10.8 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 84.53% — and 2025, when it slumped 371.99%.
- Tracing IPW's Cost of Revenue over 5 years: stood at $11.3 million in 2022, then fell by 15.98% to $9.5 million in 2023, then increased by 12.66% to $10.7 million in 2024, then slumped by 62.61% to $4.0 million in 2025, then plunged by 31.33% to $2.7 million in 2026.
- The last three Cost of Revenue figures came in at $2.7 million (Q1 2026), $4.0 million (Q4 2025), and $7.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.01 Bn | 2,804.03 Bn | 198.88 Bn | 183.24 Bn |
| 2 | PDD Holdings | 506.82 Bn | 447.28 Bn | 9.83 Bn | 7.89 Bn |
| 3 | Mercadolibre | 97.24 Bn | 82.05 Bn | 4.16 Bn | 6.01 Bn |
| 4 | DoorDash | 92.91 Bn | 87.56 Bn | 2.35 Bn | 2.11 Bn |
| 5 | JD.com | 87.42 Bn | 58.24 Bn | 7.66 Bn | 38.08 Bn |
| 6 | Sea | 77.89 Bn | 69.37 Bn | 3.15 Bn | 587.04 Mn |
| 7 | Ebay | 47.61 Bn | 44.30 Bn | 2.30 Bn | 832.00 Mn |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | 6.36 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | 255.12 Mn |
| 10 | iPower | 630,616.99 | -83,068.01 | 755,549.00 | 2.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.74 Mn |
| Mar 31, 2026 | 2.74 Mn |
| Dec 31, 2025 | 3.99 Mn |
| Dec 31, 2025 | 3.99 Mn |
| Sep 30, 2025 | 7.21 Mn |
| Sep 30, 2025 | 7.21 Mn |
| Jun 30, 2025 | -29.31 Mn |
| Jun 30, 2025 | -29.31 Mn |
| Mar 31, 2025 | 9.19 Mn |
| Mar 31, 2025 | 9.19 Mn |
| Dec 31, 2024 | 10.68 Mn |
| Dec 31, 2024 | 10.68 Mn |
| Sep 30, 2024 | 10.52 Mn |
| Sep 30, 2024 | 10.52 Mn |
| Jun 30, 2024 | 10.78 Mn |
| Jun 30, 2024 | 10.78 Mn |
| Mar 31, 2024 | 12.94 Mn |
| Mar 31, 2024 | 12.94 Mn |
| Dec 31, 2023 | 9.48 Mn |
| Dec 31, 2023 | 9.48 Mn |