Estados financieros detallados de iPower Inc. (IPW): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
iPower Inc. registró ingresos de $66.1M en el último ejercicio fiscal, con un CAGR de 5 años del 10.6%.
Márgenes de los últimos 12 meses: margen bruto 40.0%, margen operativo -25.8%, margen neto -23.4%.
Al precio actual de $1.82, IPW presenta beneficios negativos (P/E no significativo) y un ROE del -44.74%. La capitalización bursátil es de $0M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $22.8M | $39.9M | $54.1M | $79.4M | $88.9M | $86.1M | $66.1M |
| Coste de Ventas | $15.0M | $24.8M | $31.3M | $46.2M | $54.1M | $46.8M | $37.1M |
| Beneficio Bruto | $7.9M | $15.1M | $22.8M | $33.2M | $34.8M | $39.3M | $29.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $7.0M | $12.2M | $19.9M | $30.9M | $45.2M | $39.1M | $34.9M |
| Gastos Operativos | $7.0M | $12.2M | $19.9M | $30.9M | $48.3M | $40.2M | $34.9M |
| Beneficio Operativo | $834673 | $2.9M | $3.0M | $2.3M | -$13.5M | -$962892 | -$5.9M |
| EBITDA | $834673 | $2.9M | $305028 | $3.2M | -$10.2M | $1.5M | -$3.2M |
| Gastos por Intereses | $109834 | $168283 | $301924 | $538169 | $1.1M | $788425 | $436201 |
| Beneficio Antes de Impuestos | $723894 | $2.8M | -$8987 | $2.1M | -$14.7M | -$1.8M | -$6.2M |
| Impuestos | $195496 | $773438 | $766762 | $558975 | -$2.7M | -$251365 | -$1.3M |
| Beneficio Neto | $528398 | $2.0M | -$775749 | $1.5M | -$12.0M | -$1.5M | -$5.0M |
| BPA | $40.39 | $151.92 | $-63.36 | $118.08 | $-869.76 | $-110.16 | $-341.28 |
| BPA Diluido | $40.39 | $151.92 | $-63.36 | $118.08 | $-869.76 | $-110.16 | $-341.28 |
| Acciones en Circulación (Diluidas) | $13102 | $13102 | $12245 | $12862 | $13756 | $13833 | $14558 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $11.5M | $12.0M | $7.1M | $3.5M |
| Beneficio Bruto | $4.9M | $4.8M | $3.1M | $755549 |
| Beneficio Operativo | -$3.5M | -$1.7M | -$2.4M | -$1.1M |
| EBITDA | -$3.0M | -$424937 | -$1.3M | -$4.7M |
| Beneficio Neto | -$2.8M | -$533648 | -$1.2M | -$3.5M |
| BPA | $-192.96 | $-36.72 | $-77.76 | $-251.01 |
| BPA Diluido | $-192.96 | $-36.72 | $-77.76 | $-251.01 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $471458 | $977635 | $6.7M | $1.8M | $3.7M | $7.4M | $2.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $3.6M | $6.4M | $7.9M | $17.4M | $14.1M | $14.7M | $6.1M |
| Inventario | $3.1M | $5.7M | $13.1M | $30.4M | $20.6M | $10.5M | $8.1M |
| Activos Corrientes | $7.7M | $13.4M | $32.3M | $55.2M | $41.3M | $35.0M | $19.4M |
| Inmovilizado Material | $750337 | $269127 | $1.9M | $11.0M | $8.4M | $6.5M | $4.3M |
| Fondo de Comercio | 0 | 0 | 0 | $6.1M | $3.0M | $3.0M | $3.0M |
| Activos Intangibles | 0 | 0 | 0 | $4.9M | $4.3M | $3.6M | $3.0M |
| Activos Totales | $8.4M | $13.7M | $35.6M | $78.6M | $60.1M | $51.3M | $35.6M |
| Cuentas por Pagar | $2.3M | $4.2M | $3.9M | $9.5M | $13.2M | $11.2M | $7.4M |
| Deuda a Corto | $217789 | $1.3M | $192013 | $1.9M | $2.0M | $6.3M | $3.7M |
| Pasivos Corrientes | $7.6M | $10.2M | $9.0M | $22.9M | $23.3M | $23.8M | $14.5M |
| Deuda a Largo | 0 | $500000 | $458571 | $14.1M | $9.8M | 0 | 0 |
| Pasivos Totales | $7.9M | $10.7M | $10.7M | $46.2M | $39.2M | $28.3M | $17.4M |
| Reservas | $533860 | $2.5M | $1.7M | $3.3M | -$8.7M | -$10.2M | -$15.2M |
| Patrimonio Neto | $516544 | $2.9M | $25.0M | $32.4M | $20.9M | $23.1M | $18.3M |
| Deuda Total | $968126 | $2.1M | $2.6M | $26.8M | $20.1M | $12.9M | $8.0M |
| Deuda Neta | $496668 | $1.1M | -$4.1M | $25.0M | $16.3M | $5.5M | $6.0M |
| Capital Circulante | $29082 | $3.2M | $23.3M | $32.3M | $17.9M | $11.2M | $4.9M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $2.0M | $903975 | $4.2M | $713685 |
| Activos Totales | $35.6M | $29.4M | $34.8M | $31.3M |
| Pasivos Totales | $17.4M | $11.5M | $16.8M | $14.2M |
| Patrimonio Neto | $18.3M | $18.0M | $18.0M | $17.2M |
| Deuda Total | $8.0M | $5.9M | $13.0M | $7.7M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $528398 | $2.0M | -$775749 | $1.5M | -$12.0M | -$1.5M | -$5.0M |
| Amortizaciones | 0 | 0 | $12091 | $277924 | $828988 | $2.5M | $2.6M |
| Compensación en Acciones | 0 | 0 | $110683 | $372351 | $512796 | $512542 | -$12998 |
| Cambio en Capital Circulante | $178501 | -$973493 | -$15.0M | -$19.6M | $19.6M | $4.1M | $1.8M |
| Flujo de Caja Operativo | $706899 | $1.1M | -$12.8M | -$16.6M | $9.2M | $6.2M | -$579187 |
| Inversiones (CapEx) | 0 | -$6252 | -$61498 | -$484172 | -$140813 | $3 | -$163593 |
| Adquisiciones | 0 | 0 | 0 | $344786 | 0 | 0 | $13183 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $706899 | $1.1M | -$12.8M | -$17.1M | $9.1M | $6.2M | -$742780 |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$78973 | $1.7M | -$922557 | $430.40B |
| Inversiones (CapEx) | -$163586 | -$583633 | -$2.3M | $583636 |
| Flujo de Caja Libre | -$242560 | $1.1M | -$3.3M | $430.40B |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $129782 | $150203 | $971174 | $212703 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +74.8% | +35.4% | +46.9% | +11.9% | -3.2% | -23.2% |
| Crecimiento Beneficio Neto (anual) | | +276.0% | -139.0% | +295.7% | -888.3% | +87.2% | -225.1% |
| Crecimiento BPA (anual) | | +276.1% | -141.7% | +286.4% | -836.6% | +87.3% | -209.8% |
| Cambio en Acciones (anual) | | +0.0% | -6.5% | +5.0% | +7.0% | +0.6% | +5.2% |
| Crecimiento FCF (anual) | | +56.0% | -1262.4% | -33.3% | +153.1% | -32.0% | -112.1% |
| Margen Bruto | 34.5% | 37.9% | 42.2% | 41.8% | 39.1% | 45.6% | 43.8% |
| Margen Operativo | 3.7% | 7.3% | 5.5% | 2.9% | -15.2% | -1.1% | -8.9% |
| Margen EBITDA | 3.7% | 7.3% | 0.6% | 4.0% | -11.5% | 1.7% | -4.9% |
| Margen Neto | 2.3% | 5.0% | -1.4% | 1.9% | -13.5% | -1.8% | -7.5% |
| Margen FCF | 3.1% | 2.8% | -23.7% | -21.5% | 10.2% | 7.2% | -1.1% |
| Tasa Impositiva Efectiva | 27.0% | 28.0% | -8531.9% | 27.1% | 18.3% | 14.0% | 20.1% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $53.95 | $84.17 | $-1046.83 | $-1328.50 | $659.38 | $445.61 | $-51.02 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $13102 | $13102 | $12245 | $12862 | $13756 | $13833 | $14558 |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -44.74% |
| Rentabilidad sobre capital invertido | -32.87% |
| Rentabilidad sobre activos | -25.55% |
| Margen bruto | 39.95% |
| Margen operativo | -25.81% |
| Margen neto | -23.43% |
Salud financiera
| Deuda / Patrimonio | 0.45 |
| Ratio corriente | 2.10 |
| Piotroski F-Score | 1 |
| Altman Z-Score | 1.58 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 306.95 | 81.61 | -242.05 | 19.94 | -2.73 | -37.45 | -4.09 |
| P/VC | 314.48 | 55.43 | 7.52 | 0.93 | 1.56 | 2.48 | 1.11 |
| P/V | 7.11 | 4.07 | 3.47 | 0.38 | 0.37 | 0.66 | 0.31 |
| Margen Bruto | 34.5% | 37.9% | 42.2% | 41.8% | 39.1% | 45.6% | 43.8% |
| Margen Operativo | 3.7% | 7.3% | 5.5% | 2.9% | -15.2% | -1.1% | -8.9% |
| Margen Neto | 2.3% | 5.0% | -1.4% | 1.9% | -13.5% | -1.8% | -7.5% |