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- Goodwill Impairment (new) — A $3.0 million goodwill impairment charge was recorded, eliminating the entire goodwill balance.
- Material Weakness (worsened) — Disclosure controls and internal control over financial reporting remain ineffective due to material weaknesses.
- Going Concern (new) — A going-concern evaluation was added, though management concludes sufficient liquidity for at least twelve months.
iPower pivots to AI infrastructure and digital assets as revenue falls 68.4% and net loss widens to $20.0 million
Filed October 2, 2026 · Period ending June 30, 2026 · Compared to 10-K Oct 9, 2025 · ~1 min read
Key Changes
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Subsequent event: The Company evaluated subsequent events and transactions through the date the consolidated financial statements are issued. Other than as set forth below, there were no material subsequent events that required recogni…
Notes: Subsequent Events verify on EDGAR → -
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Revenue fell 68.4% to $20.0M and operating loss widened 128% to $14.4M, driven by the GPM divestiture and a $3.0M goodwill impairment.
MD&A verify on EDGAR → -
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Company repositioned from online retail to AI infrastructure and digital asset treasury, with $2.2M in Bitcoin/Ethereum purchases and a $30M convertible note facility.
Business verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 2, 2026 · How we verify