iPower (IPW) Cost of Revenue (2020 - 2026)
iPower's Cost of Revenue came in at $2.74 million for fiscal Q3 2026 (quarter ended Mar 31, 2026), down 70.1% from $9.19 million a year earlier and down 31.3% from the prior quarter.
Powered by 
Analysis
iPower (IPW) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, iPower reported Cost of Revenue of $21.35 million, down 48.1% year-over-year; for FY2025 (ended Jun 30, 2025), it came in at $37.15 million, down 22.5% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 8.4% (FY2020 to FY2025).
- Going back by fiscal year, Cost of Revenue was $47.95 million in FY2024 (-11.4%), $54.1 million in FY2023 (+17.1%), $46.22 million in FY2022 (+47.9%) and $31.26 million in FY2021 (+26.0%).
- The fiscal Q3 2026 figure represents the lowest quarterly Cost of Revenue in data going back to fiscal Q3 2020.
- Year-over-year, Cost of Revenue has declined for five consecutive quarters, with an average decline of 33.2% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q3 2022 (growth of 84.5%), and the weakest in fiscal Q3 2026 (a decline of 70.1%).
- Business Quant data shows IPW's Cost of Revenue at $3.99 million (Q2 2026), $7.21 million (Q1 2026) and $7.4 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 95.78 Bn |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 31.75 Bn |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 10.11 Bn |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 17.38 Bn |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 4.15 Bn |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 17.60 Bn |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 5.99 Bn |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 2.38 Bn |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 2.32 Bn |
| 10 | iPower | 37,711.52 | -4.12 Mn | -2.80 Mn | 4.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.23 Mn |
| Mar 31, 2026 | 2.74 Mn |
| Dec 31, 2025 | 3.99 Mn |
| Sep 30, 2025 | 7.21 Mn |
| Jun 30, 2025 | 7.40 Mn |
| Mar 31, 2025 | 9.19 Mn |
| Dec 31, 2024 | 10.68 Mn |
| Sep 30, 2024 | 10.52 Mn |
| Jun 30, 2024 | 10.78 Mn |
| Mar 31, 2024 | 12.94 Mn |
| Dec 31, 2023 | 9.48 Mn |
| Sep 30, 2023 | 14.75 Mn |
| Jun 30, 2023 | 14.35 Mn |
| Mar 31, 2023 | 12.43 Mn |
| Dec 31, 2022 | 11.29 Mn |
| Sep 30, 2022 | 16.04 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Mar 31, 2022 | 13.60 Mn |
| Dec 31, 2021 | 9.57 Mn |
| Sep 30, 2021 | 10.05 Mn |
API Access
iPower Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=IPW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "IPW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=IPW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();