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Side-by-side financial comparison of Flux Power Holdings, Inc. (FLUX) and iPower Inc. (IPW). Click either name above to swap in a different company.

Flux Power Holdings, Inc. is the larger business by last-quarter revenue ($14.1M vs $12.0M, roughly 1.2× iPower Inc.). On growth, Flux Power Holdings, Inc. posted the faster year-over-year revenue change (-16.1% vs -36.8%).

Adrian Flux is a British insurance broker that has its head office at East Winch Hall in King's Lynn, Norfolk. The company has become the country’s largest specialist motor insurance brokers and employs around 1,850 staff.

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.

FLUX vs IPW — Head-to-Head

Bigger by revenue
FLUX
FLUX
1.2× larger
FLUX
$14.1M
$12.0M
IPW
Growing faster (revenue YoY)
FLUX
FLUX
+20.7% gap
FLUX
-16.1%
-36.8%
IPW

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FLUX
FLUX
IPW
IPW
Revenue
$14.1M
$12.0M
Net Profit
$601.0K
Gross Margin
34.7%
40.0%
Operating Margin
5.6%
-14.1%
Net Margin
4.3%
Revenue YoY
-16.1%
-36.8%
Net Profit YoY
131.8%
EPS (diluted)
$0.03
$-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
FLUX
FLUX
IPW
IPW
Q4 25
$14.1M
Q3 25
$13.2M
$12.0M
Q2 25
$16.7M
Q1 25
$16.7M
Q4 24
$16.8M
Q3 24
$16.1M
Q2 24
$13.4M
Q1 24
$14.5M
Net Profit
FLUX
FLUX
IPW
IPW
Q4 25
$601.0K
Q3 25
$-2.6M
Q2 25
$-1.2M
Q1 25
$-1.9M
Q4 24
$-1.9M
Q3 24
$-1.7M
Q2 24
$-2.2M
Q1 24
$-3.0M
Gross Margin
FLUX
FLUX
IPW
IPW
Q4 25
34.7%
Q3 25
28.6%
40.0%
Q2 25
34.5%
Q1 25
31.6%
Q4 24
32.5%
Q3 24
32.4%
Q2 24
26.9%
Q1 24
27.8%
Operating Margin
FLUX
FLUX
IPW
IPW
Q4 25
5.6%
Q3 25
-16.5%
-14.1%
Q2 25
-4.5%
Q1 25
-9.4%
Q4 24
-8.8%
Q3 24
-7.5%
Q2 24
-13.5%
Q1 24
-17.8%
Net Margin
FLUX
FLUX
IPW
IPW
Q4 25
4.3%
Q3 25
-19.4%
Q2 25
-7.0%
Q1 25
-11.6%
Q4 24
-11.2%
Q3 24
-10.4%
Q2 24
-16.8%
Q1 24
-20.8%
EPS (diluted)
FLUX
FLUX
IPW
IPW
Q4 25
$0.03
Q3 25
$-0.15
$-0.51
Q2 25
$-0.07
Q1 25
$-0.12
Q4 24
$-0.11
Q3 24
$-0.10
Q2 24
$-0.13
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
FLUX
FLUX
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$17.9M
Total Assets
$30.1M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUX
FLUX
IPW
IPW
Q4 25
Q3 25
$1.6M
$904.0K
Q2 25
$1.3M
Q1 25
$505.0K
Q4 24
$883.0K
Q3 24
$559.0K
Q2 24
$643.0K
Q1 24
$1.3M
Stockholders' Equity
FLUX
FLUX
IPW
IPW
Q4 25
$7.5M
Q3 25
$-3.3M
$17.9M
Q2 25
$-5.4M
Q1 25
$4.4M
Q4 24
$-2.7M
Q3 24
$-1.1M
Q2 24
$194.0K
Q1 24
$2.1M
Total Assets
FLUX
FLUX
IPW
IPW
Q4 25
$30.1M
Q3 25
$29.7M
$28.6M
Q2 25
$34.8M
Q1 25
$30.6M
Q4 24
$29.0M
Q3 24
$30.6M
Q2 24
$32.3M
Q1 24
$34.0M

Cash Flow & Capital Efficiency

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

Metric
FLUX
FLUX
IPW
IPW
Operating Cash FlowLast quarter
$-5.2M
$1.7M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-37.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-8.59×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUX
FLUX
IPW
IPW
Q4 25
$-5.2M
Q3 25
$889.0K
$1.7M
Q2 25
$610.0K
Q1 25
$-1.6M
Q4 24
$2.8M
Q3 24
$944.0K
Q2 24
$-4.8M
Q1 24
$-229.0K
Free Cash Flow
FLUX
FLUX
IPW
IPW
Q4 25
$-5.3M
Q3 25
$726.0K
Q2 25
$-43.0K
Q1 25
$-1.7M
Q4 24
$2.7M
Q3 24
$746.0K
Q2 24
$-5.7M
Q1 24
$-479.0K
FCF Margin
FLUX
FLUX
IPW
IPW
Q4 25
-37.4%
Q3 25
5.5%
Q2 25
-0.3%
Q1 25
-10.4%
Q4 24
16.1%
Q3 24
4.6%
Q2 24
-42.2%
Q1 24
-3.3%
Capex Intensity
FLUX
FLUX
IPW
IPW
Q4 25
0.9%
Q3 25
1.2%
Q2 25
3.9%
Q1 25
1.1%
Q4 24
0.7%
Q3 24
1.2%
Q2 24
6.4%
Q1 24
1.7%
Cash Conversion
FLUX
FLUX
IPW
IPW
Q4 25
-8.59×
Q3 25
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

FLUX
FLUX

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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