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Side-by-side financial comparison of Evommune, Inc. (EVMN) 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 $10.0M, roughly 1.2× Evommune, Inc.).

Evommune, Inc. is a clinical-stage biotechnology company focused on developing innovative therapies for chronic inflammatory and immunological diseases. Its pipeline includes novel candidates targeting unmet medical needs for conditions such as atopic dermatitis, psoriasis, and other immune-mediated disorders, primarily serving global healthcare markets.

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.

EVMN vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.2× larger
IPW
$12.0M
$10.0M
EVMN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
EVMN
EVMN
IPW
IPW
Revenue
$10.0M
$12.0M
Net Profit
$-12.5M
Gross Margin
40.0%
Operating Margin
-133.3%
-14.1%
Net Margin
-124.8%
Revenue YoY
-36.8%
Net Profit YoY
EPS (diluted)
$-8.07
$-0.51

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

Balance Sheet & Financial Strength

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

Metric
EVMN
EVMN
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$76.1M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$-183.1M
$17.9M
Total Assets
$84.5M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVMN
EVMN
IPW
IPW
Q3 25
$76.1M
$904.0K
Stockholders' Equity
EVMN
EVMN
IPW
IPW
Q3 25
$-183.1M
$17.9M
Total Assets
EVMN
EVMN
IPW
IPW
Q3 25
$84.5M
$28.6M

Cash Flow & Capital Efficiency

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

Metric
EVMN
EVMN
IPW
IPW
Operating Cash FlowLast quarter
$-59.7M
$1.7M
Free Cash FlowOCF − Capex
$-59.9M
FCF MarginFCF / Revenue
-598.7%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVMN
EVMN
IPW
IPW
Q3 25
$-59.7M
$1.7M
Free Cash Flow
EVMN
EVMN
IPW
IPW
Q3 25
$-59.9M
FCF Margin
EVMN
EVMN
IPW
IPW
Q3 25
-598.7%
Capex Intensity
EVMN
EVMN
IPW
IPW
Q3 25
1.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVMN
EVMN

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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