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Side-by-side financial comparison of Bionano Genomics, Inc. (BNGO) 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 $8.0M, roughly 1.5× Bionano Genomics, Inc.). On growth, Bionano Genomics, Inc. posted the faster year-over-year revenue change (-2.6% vs -36.8%).

Bionano Genomics develops and commercializes proprietary optical genome mapping technology and diagnostic solutions. Its products detect large structural genomic variants with high precision, serving global research institutions, biopharma firms, and clinical labs for oncology, rare disease, and reproductive health use cases.

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.

BNGO vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.5× larger
IPW
$12.0M
$8.0M
BNGO
Growing faster (revenue YoY)
BNGO
BNGO
+34.2% gap
BNGO
-2.6%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BNGO
BNGO
IPW
IPW
Revenue
$8.0M
$12.0M
Net Profit
$-7.9M
Gross Margin
42.8%
40.0%
Operating Margin
-107.4%
-14.1%
Net Margin
-99.8%
Revenue YoY
-2.6%
-36.8%
Net Profit YoY
60.6%
EPS (diluted)
$-0.12
$-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
BNGO
BNGO
IPW
IPW
Q4 25
$8.0M
Q3 25
$7.4M
$12.0M
Q2 25
$6.7M
Q1 25
$6.5M
Q4 24
$8.2M
Q3 24
$6.1M
Q2 24
$7.8M
Q1 24
$8.8M
Net Profit
BNGO
BNGO
IPW
IPW
Q4 25
$-7.9M
Q3 25
$-8.5M
Q2 25
$-6.9M
Q1 25
$-3.1M
Q4 24
$-20.1M
Q3 24
$-44.2M
Q2 24
$-16.2M
Q1 24
$-31.4M
Gross Margin
BNGO
BNGO
IPW
IPW
Q4 25
42.8%
Q3 25
45.7%
40.0%
Q2 25
51.6%
Q1 25
45.5%
Q4 24
41.9%
Q3 24
-139.1%
Q2 24
33.3%
Q1 24
32.2%
Operating Margin
BNGO
BNGO
IPW
IPW
Q4 25
-107.4%
Q3 25
-115.9%
-14.1%
Q2 25
-115.8%
Q1 25
-131.1%
Q4 24
-146.3%
Q3 24
-722.9%
Q2 24
-219.0%
Q1 24
-354.9%
Net Margin
BNGO
BNGO
IPW
IPW
Q4 25
-99.8%
Q3 25
-115.4%
Q2 25
-101.8%
Q1 25
-48.0%
Q4 24
-246.5%
Q3 24
-728.6%
Q2 24
-208.8%
Q1 24
-358.3%
EPS (diluted)
BNGO
BNGO
IPW
IPW
Q4 25
$-0.12
Q3 25
$-1.59
$-0.51
Q2 25
$-1.99
Q1 25
$-1.15
Q4 24
$-7.05
Q3 24
$-30.92
Q2 24
$-14.41
Q1 24
$-35.75

Balance Sheet & Financial Strength

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

Metric
BNGO
BNGO
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$3.0M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$44.4M
$17.9M
Total Assets
$73.6M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNGO
BNGO
IPW
IPW
Q4 25
$3.0M
Q3 25
$3.1M
$904.0K
Q2 25
$3.6M
Q1 25
$3.6M
Q4 24
$9.2M
Q3 24
$8.8M
Q2 24
$10.4M
Q1 24
$15.8M
Stockholders' Equity
BNGO
BNGO
IPW
IPW
Q4 25
$44.4M
Q3 25
$49.8M
$17.9M
Q2 25
$45.4M
Q1 25
$48.2M
Q4 24
$35.4M
Q3 24
$48.9M
Q2 24
$80.3M
Q1 24
$82.8M
Total Assets
BNGO
BNGO
IPW
IPW
Q4 25
$73.6M
Q3 25
$79.1M
$28.6M
Q2 25
$76.0M
Q1 25
$78.4M
Q4 24
$76.7M
Q3 24
$87.4M
Q2 24
$129.4M
Q1 24
$158.0M

Cash Flow & Capital Efficiency

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

Metric
BNGO
BNGO
IPW
IPW
Operating Cash FlowLast quarter
$-4.2M
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNGO
BNGO
IPW
IPW
Q4 25
$-4.2M
Q3 25
$-5.9M
$1.7M
Q2 25
$-3.5M
Q1 25
$-2.8M
Q4 24
$-6.5M
Q3 24
$-13.3M
Q2 24
$-21.0M
Q1 24
$-28.1M

Financial Flow Comparison

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

Revenue Breakdown by Segment

BNGO
BNGO

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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