iPower (IPW) Cost of Revenue (2020 - 2026)

iPower has reported Cost of Revenue for 7 years, with the latest figure at $2.7 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 70.14% year-over-year to $2.7 million; the trailing twelve-month figure through Mar 2026 stood at -$15.4 million (down 137.32% YoY), and the FY2025 full-year result was $435155.0, down 99.09% from the prior year.
• Cost of Revenue for Q1 2026 stood at $2.7 million, down from $4.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $16.0 million in Q3 2022, with the low at -$29.3 million in Q2 2025.
• Historically, Cost of Revenue has averaged $8.5 million across 5 years, with a median of $10.8 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 84.53% — and 2025, when it slumped 371.99%.
• iPower's Cost of Revenue 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.