iPower (IPW) Gross Margin (2020 - 2026)

iPower has reported Gross Margin for 7 years, with the latest figure at 21.6% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 2114.0% year-over-year to 21.6%; the trailing twelve-month figure through Mar 2026 stood at 40.94% (down 311.0% YoY), and the FY2025 full-year result was 43.84%, down 46.0% from the prior year.
• Gross Margin for Q1 2026 stood at 21.6%, down from 44.0% in the prior quarter.
• The five-year high for Gross Margin was 45.17% in Q2 2025, with the low at 21.6% in Q1 2026.
• Historically, Gross Margin has averaged 41.07% across 5 years, with a median of 43.56% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin jumped 599 bps — and 2026, when it plunged 2114 bps.
• iPower's Gross Margin 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.