iPower (IPW) Gross Margin (2020 - 2026)
iPower's (IPW) quarterly Gross Margin came in at 21.6% in Q1 2026, down 2114.0% YoY from 1.07% in Q1 2025, and down 50.92% on a QoQ basis from 44.0% in Q4 2025.
iPower (IPW) Gross Margin (2020 - 2026) Analysis & Trends
iPower (IPW) has 7 years of Gross Margin data on file, last reported at 21.6% in Q1 2026.
- Quarterly Gross Margin fell 2114.0% year-over-year to 21.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 40.94% (down 311.0% YoY) and the FY2025 annual result came in at 43.84%, down 46.0% from the prior year.
- Gross Margin eased to 21.6% in Q1 2026, from 44.0% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.17% in Q2 2025 to a low of 21.6% in Q1 2026.
- A 5-year average of 41.03% and a median of 43.15% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 599 bps — and 2026, when it plunged 2114 bps.
- Tracing IPW's Gross Margin over 5 years: stood at 41.39% in 2022, then climbed by 5 bps to 43.56% in 2023, then climbed by 1 bps to 43.99% in 2024, then rose by 0 bps to 44.0% in 2025, then slumped by 51 bps to 21.6% in 2026.
- The last three Gross Margin figures came in at 21.6% (Q1 2026), 44.0% (Q4 2025), and 40.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.23 Bn | 2,804.24 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 505.53 Bn | 445.99 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 97.91 Bn | 82.71 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 93.36 Bn | 88.01 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.12 Bn | 57.94 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.15 Bn | 69.63 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | 16.68% |
| 10 | iPower | 639,703.68 | -73,981.32 | 755,549.00 | 21.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.60% |
| Dec 31, 2025 | 44.00% |
| Sep 30, 2025 | 40.00% |
| Jun 30, 2025 | 45.17% |
| Mar 31, 2025 | 42.74% |
| Dec 31, 2024 | 43.99% |
| Sep 30, 2024 | 44.65% |
| Jun 30, 2024 | 44.60% |
| Mar 31, 2024 | 44.48% |
| Dec 31, 2023 | 43.56% |
| Sep 30, 2023 | 44.36% |
| Jun 30, 2023 | 38.68% |
| Mar 31, 2023 | 38.52% |
| Dec 31, 2022 | 41.39% |
| Sep 30, 2022 | 38.37% |
| Mar 31, 2022 | 40.38% |
| Dec 31, 2021 | 44.13% |
| Sep 30, 2021 | 42.11% |
| Jun 30, 2021 | 44.43% |
| Mar 31, 2021 | 43.89% |