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Side-by-side financial comparison of CISO Global, Inc. (CISO) 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 $6.3M, roughly 1.9× CISO Global, Inc.). On growth, CISO Global, Inc. posted the faster year-over-year revenue change (-15.4% vs -36.8%).

CISO Global, Inc. is a specialized cybersecurity services provider. It offers managed security monitoring, risk assessment, compliance advisory and incident response, serving North American SMEs, government and commercial clients across healthcare, retail and finance to help safeguard digital assets and mitigate cyber risks.

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.

CISO vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.9× larger
IPW
$12.0M
$6.3M
CISO
Growing faster (revenue YoY)
CISO
CISO
+21.4% gap
CISO
-15.4%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CISO
CISO
IPW
IPW
Revenue
$6.3M
$12.0M
Net Profit
$-2.2M
Gross Margin
28.6%
40.0%
Operating Margin
-33.7%
-14.1%
Net Margin
-35.4%
Revenue YoY
-15.4%
-36.8%
Net Profit YoY
59.8%
EPS (diluted)
$0.10
$-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
CISO
CISO
IPW
IPW
Q4 25
$6.3M
Q3 25
$6.5M
$12.0M
Q2 25
$6.7M
Q1 25
$7.2M
Q4 24
$7.4M
Q3 24
$7.5M
Q2 24
$7.8M
Q1 24
$8.0M
Net Profit
CISO
CISO
IPW
IPW
Q4 25
$-2.2M
Q3 25
$2.5M
Q2 25
$-3.0M
Q1 25
$-5.4M
Q4 24
$-5.5M
Q3 24
$-3.7M
Q2 24
$-8.4M
Q1 24
$-6.6M
Gross Margin
CISO
CISO
IPW
IPW
Q4 25
28.6%
Q3 25
24.9%
40.0%
Q2 25
24.4%
Q1 25
24.9%
Q4 24
24.8%
Q3 24
13.8%
Q2 24
12.0%
Q1 24
8.8%
Operating Margin
CISO
CISO
IPW
IPW
Q4 25
-33.7%
Q3 25
-40.8%
-14.1%
Q2 25
-34.7%
Q1 25
-23.9%
Q4 24
-26.1%
Q3 24
-46.8%
Q2 24
-54.3%
Q1 24
-61.0%
Net Margin
CISO
CISO
IPW
IPW
Q4 25
-35.4%
Q3 25
39.2%
Q2 25
-44.8%
Q1 25
-75.1%
Q4 24
-74.5%
Q3 24
-49.0%
Q2 24
-108.0%
Q1 24
-82.4%
EPS (diluted)
CISO
CISO
IPW
IPW
Q4 25
$0.10
Q3 25
$-0.05
$-0.51
Q2 25
$-0.09
Q1 25
$-0.38
Q4 24
$-0.47
Q3 24
$-0.32
Q2 24
$-0.69
Q1 24
$-0.55

Balance Sheet & Financial Strength

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

Metric
CISO
CISO
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$1.7M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$14.8M
$17.9M
Total Assets
$25.0M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CISO
CISO
IPW
IPW
Q4 25
$1.7M
Q3 25
$1.1M
$904.0K
Q2 25
$760.8K
Q1 25
$1.8M
Q4 24
$992.6K
Q3 24
$443.1K
Q2 24
$1.1M
Q1 24
$1.5M
Total Debt
CISO
CISO
IPW
IPW
Q4 25
Q3 25
$2.1M
Q2 25
$9.9M
Q1 25
$10.6M
Q4 24
$11.7M
Q3 24
$11.9M
Q2 24
$12.8M
Q1 24
$15.1M
Stockholders' Equity
CISO
CISO
IPW
IPW
Q4 25
$14.8M
Q3 25
$16.3M
$17.9M
Q2 25
$7.6M
Q1 25
$7.0M
Q4 24
$1.1M
Q3 24
$3.0M
Q2 24
$5.6M
Q1 24
$11.2M
Total Assets
CISO
CISO
IPW
IPW
Q4 25
$25.0M
Q3 25
$25.1M
$28.6M
Q2 25
$25.8M
Q1 25
$27.8M
Q4 24
$26.7M
Q3 24
$26.6M
Q2 24
$43.2M
Q1 24
$47.5M
Debt / Equity
CISO
CISO
IPW
IPW
Q4 25
Q3 25
0.13×
Q2 25
1.31×
Q1 25
1.52×
Q4 24
10.20×
Q3 24
3.92×
Q2 24
2.27×
Q1 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
CISO
CISO
IPW
IPW
Operating Cash FlowLast quarter
$-1.8M
$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
CISO
CISO
IPW
IPW
Q4 25
$-1.8M
Q3 25
$-876.7K
$1.7M
Q2 25
$-2.3M
Q1 25
$-3.0M
Q4 24
$-259.0K
Q3 24
$-903.1K
Q2 24
$-1.3M
Q1 24
$-1.4M
Free Cash Flow
CISO
CISO
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-1.3M
Q1 24
$-1.5M
FCF Margin
CISO
CISO
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-16.4%
Q1 24
-18.5%
Capex Intensity
CISO
CISO
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.9%
Cash Conversion
CISO
CISO
IPW
IPW
Q4 25
Q3 25
-0.35×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CISO
CISO

Security Managed Services$5.4M87%
Other$823.3K13%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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