iPower Inc.

iPower Inc. is a U.S.-based online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products. The company also provides value-added e-commerce and logistics services for third-party brands through its own websites, marketplace channels, and fulfillment network.

−7,7 %

43,8 %

−23,2 %

1.34

0.78

— iPower Inc.
%
Consumer home and garden products55% Household, gardening, hydroponic, and outdoor products sold through online channels.
Pet and specialty consumer goods15% Pet-related and adjacent consumer products marketed under company and partner brands.
Consumer electronics and accessories10% Selected electronics and accessory products sold across marketplace and owned channels.
Third-party e-commerce services20% Value-added services for brands and sellers, including merchandising and logistics support.

iPower sells primarily to online consumers who buy home, garden, hydroponic, pet, and outdoor products through...

  • Online retail consumersprimary

    Buy branded and third-party consumer goods for home, garden, pet, and outdoor use.

  • Marketplace shoppersprimary

    Purchase through Amazon, Walmart.com, TikTok, Temu, and similar channels where search ranking and price matter.

  • Brand and seller partnerssecondary

    Use iPower for fulfillment, merchandising, and value-added e-commerce services.

  • Specialty growing customerssecondary

    Buy hydroponic and gardening equipment for indoor growing and related applications.

iPower is headquartered in the United States and operates fulfillment centers in California, with distribution support...

  • •Headquartered in the United States
  • •Fulfillment centers in Rancho Cucamonga and Los Angeles, California
  • •Distribution network serves customers across the U.S.
  • •Carrier network also reaches Canada and other global markets
  • •Online marketplaces extend reach beyond owned websites

iPower’s strategy centers on expanding its product catalog, strengthening in-house brands, and using data-driven...

01
Grow proprietary brandsmedium-term

Owned brands can improve differentiation and reduce reliance on third-party listings.

02
Expand marketplace and direct channelsshort-term

Multiple online channels broaden reach and reduce dependence on any single platform.

03
Improve supply-chain efficiencymedium-term

Warehouse and logistics execution support faster shipping and better inventory availability.

iPower depends on third-party marketplaces, suppliers, and consumer demand for niche home and garden categories, so...

high

Marketplace concentration

A large share of sales flows through Amazon, Walmart.com, TikTok, and Temu, so policy or ranking changes can affect traffic and conversion.

Scope
Online retail channels
Materiality
high
high

Supplier and inventory dependence

The company relies on third-party vendors and supply-chain partners for product availability and replenishment.

Scope
Product sourcing
Materiality
high
high

Competitive pressure

The company competes with large online resellers and local specialty vendors that may have greater resources.

Scope
Home and garden e-commerce
Materiality
high
medium

Brand and quality risk

Proprietary brands and third-party products must maintain customer trust to support repeat purchases and pricing power.

Scope
iPower and Simple Deluxe brands
Materiality
medium
medium

Regulatory and demand uncertainty in hydroponics

Some products are tied to cannabis and hemp-related end markets that may not develop as expected.

Scope
Hydroponic gardening products
Materiality
medium
Revenue recognition
Product sales vs. service income
Seasonality and working capital
Comparability across periods
Inventory valuation
Gross margin and asset values
Intangible asset and brand valuation
Balance sheet carrying values

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: 29/04/2026