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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and iPower Inc. (IPW). Click either name above to swap in a different company.

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $10.7M, roughly 1.1× Arbutus Biopharma Corp). On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs -36.8%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

ABUS vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.1× larger
IPW
$12.0M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+559.0% gap
ABUS
522.2%
-36.8%
IPW

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
ABUS
ABUS
IPW
IPW
Revenue
$10.7M
$12.0M
Net Profit
$2.5M
Gross Margin
40.0%
Operating Margin
13.9%
-14.1%
Net Margin
23.5%
Revenue YoY
522.2%
-36.8%
Net Profit YoY
112.7%
EPS (diluted)
$0.01
$-0.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABUS
ABUS
IPW
IPW
Q3 25
$12.0M
Q2 25
$10.7M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
Q1 23
$6.7M
Q4 22
$6.2M
Q3 22
$6.0M
Net Profit
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
$2.5M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
Q1 23
$-16.3M
Q4 22
$-21.9M
Q3 22
$-17.6M
Gross Margin
ABUS
ABUS
IPW
IPW
Q3 25
40.0%
Q2 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Operating Margin
ABUS
ABUS
IPW
IPW
Q3 25
-14.1%
Q2 25
13.9%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
Q1 23
-260.4%
Q4 22
-361.3%
Q3 22
-299.2%
Net Margin
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
23.5%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
Q1 23
-244.3%
Q4 22
-351.2%
Q3 22
-295.1%
EPS (diluted)
ABUS
ABUS
IPW
IPW
Q3 25
$-0.51
Q2 25
$0.01
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
Q1 23
$-0.10
Q4 22
$-0.13
Q3 22
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABUS
ABUS
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$37.4M
$904.0K
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$17.9M
Total Assets
$103.3M
$28.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
IPW
IPW
Q3 25
$904.0K
Q2 25
$37.4M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
Q1 23
$40.6M
Q4 22
$146.9M
Q3 22
$24.0M
Total Debt
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
$0
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Q4 22
$0
Q3 22
$0
Stockholders' Equity
ABUS
ABUS
IPW
IPW
Q3 25
$17.9M
Q2 25
$83.0M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
Q1 23
$143.9M
Q4 22
$136.9M
Q3 22
$145.5M
Total Assets
ABUS
ABUS
IPW
IPW
Q3 25
$28.6M
Q2 25
$103.3M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
Q1 23
$191.2M
Q4 22
$195.4M
Q3 22
$203.8M
Debt / Equity
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
0.00×
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×
Q4 22
0.00×
Q3 22
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABUS
ABUS
IPW
IPW
Operating Cash FlowLast quarter
$-15.7M
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
IPW
IPW
Q3 25
$1.7M
Q2 25
$-15.7M
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
Q4 22
$-17.0M
Q3 22
$-18.7M
Free Cash Flow
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
Q4 22
$-17.1M
Q3 22
$-18.8M
FCF Margin
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Q4 22
-274.2%
Q3 22
-315.6%
Capex Intensity
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
0.0%
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Q4 22
2.1%
Q3 22
1.5%
Cash Conversion
ABUS
ABUS
IPW
IPW
Q3 25
Q2 25
-6.24×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABUS
ABUS

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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