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Side-by-side financial comparison of Coherus Oncology, Inc. (CHRS) and iPower Inc. (IPW). Click either name above to swap in a different company.

Coherus Oncology, Inc. is the larger business by last-quarter revenue ($12.7M vs $12.0M, roughly 1.1× iPower Inc.). On growth, Coherus Oncology, Inc. posted the faster year-over-year revenue change (64.9% vs -36.8%).

Coherus Oncology, Inc. is a commercial-stage biopharmaceutical company focused on developing, manufacturing and commercializing affordable oncology treatments, including FDA-approved biosimilars and novel targeted immuno-oncology therapies. Its core market is North America, serving patients with solid tumors and hematological malignancies to expand access to life-saving cancer care.

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.

CHRS vs IPW — Head-to-Head

Bigger by revenue
CHRS
CHRS
1.1× larger
CHRS
$12.7M
$12.0M
IPW
Growing faster (revenue YoY)
CHRS
CHRS
+101.6% gap
CHRS
64.9%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CHRS
CHRS
IPW
IPW
Revenue
$12.7M
$12.0M
Net Profit
$-37.6M
Gross Margin
68.3%
40.0%
Operating Margin
-359.9%
-14.1%
Net Margin
-295.3%
Revenue YoY
64.9%
-36.8%
Net Profit YoY
25.7%
EPS (diluted)
$-0.34
$-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
CHRS
CHRS
IPW
IPW
Q4 25
$12.7M
Q3 25
$11.6M
$12.0M
Q2 25
$10.3M
Q2 24
$10.3M
Q3 23
$74.6M
Q2 23
$58.7M
Q1 23
$32.4M
Q4 22
$45.4M
Net Profit
CHRS
CHRS
IPW
IPW
Q4 25
$-37.6M
Q3 25
$-35.5M
Q2 25
$297.8M
Q2 24
$-12.9M
Q3 23
$-39.6M
Q2 23
$-42.9M
Q1 23
$-75.7M
Q4 22
$-58.9M
Gross Margin
CHRS
CHRS
IPW
IPW
Q4 25
68.3%
Q3 25
67.8%
40.0%
Q2 25
66.9%
Q2 24
82.4%
Q3 23
56.1%
Q2 23
57.7%
Q1 23
48.0%
Q4 22
68.7%
Operating Margin
CHRS
CHRS
IPW
IPW
Q4 25
-359.9%
Q3 25
-383.1%
-14.1%
Q2 25
-443.6%
Q2 24
-384.9%
Q3 23
-42.9%
Q2 23
-58.8%
Q1 23
-208.9%
Q4 22
-113.5%
Net Margin
CHRS
CHRS
IPW
IPW
Q4 25
-295.3%
Q3 25
-307.1%
Q2 25
2903.9%
Q2 24
-125.5%
Q3 23
-53.2%
Q2 23
-73.0%
Q1 23
-233.5%
Q4 22
-129.8%
EPS (diluted)
CHRS
CHRS
IPW
IPW
Q4 25
$-0.34
Q3 25
$-0.31
$-0.51
Q2 25
$2.57
Q2 24
$-0.11
Q3 23
$-0.41
Q2 23
$-0.49
Q1 23
$-0.96
Q4 22
$-0.76

Balance Sheet & Financial Strength

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

Metric
CHRS
CHRS
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$172.1M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$61.0M
$17.9M
Total Assets
$258.3M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHRS
CHRS
IPW
IPW
Q4 25
$172.1M
Q3 25
$191.7M
$904.0K
Q2 25
$237.6M
Q2 24
$159.2M
Q3 23
$131.1M
Q2 23
$144.7M
Q1 23
$128.1M
Q4 22
$128.1M
Stockholders' Equity
CHRS
CHRS
IPW
IPW
Q4 25
$61.0M
Q3 25
$87.8M
$17.9M
Q2 25
$119.8M
Q2 24
$-84.1M
Q3 23
$-133.6M
Q2 23
$-174.8M
Q1 23
$-196.5M
Q4 22
Total Assets
CHRS
CHRS
IPW
IPW
Q4 25
$258.3M
Q3 25
$516.5M
$28.6M
Q2 25
$439.5M
Q2 24
$674.9M
Q3 23
$583.8M
Q2 23
$469.6M
Q1 23
$402.4M
Q4 22
$480.8M

Cash Flow & Capital Efficiency

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

Metric
CHRS
CHRS
IPW
IPW
Operating Cash FlowLast quarter
$-19.7M
$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
CHRS
CHRS
IPW
IPW
Q4 25
$-19.7M
Q3 25
$-46.3M
$1.7M
Q2 25
$-46.6M
Q2 24
$59.7M
Q3 23
$-54.3M
Q2 23
$-38.9M
Q1 23
$-68.7M
Q4 22
$-100.0M
Free Cash Flow
CHRS
CHRS
IPW
IPW
Q4 25
Q3 25
Q2 25
Q2 24
Q3 23
Q2 23
$-39.0M
Q1 23
$-68.9M
Q4 22
$-100.0M
FCF Margin
CHRS
CHRS
IPW
IPW
Q4 25
Q3 25
Q2 25
Q2 24
Q3 23
Q2 23
-66.4%
Q1 23
-212.4%
Q4 22
-220.6%
Capex Intensity
CHRS
CHRS
IPW
IPW
Q4 25
Q3 25
Q2 25
Q2 24
Q3 23
0.0%
Q2 23
0.2%
Q1 23
0.5%
Q4 22
0.2%
Cash Conversion
CHRS
CHRS
IPW
IPW
Q4 25
Q3 25
Q2 25
-0.16×
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHRS
CHRS

Toripalimab$12.4M97%
Other$388.0K3%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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