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Side-by-side financial comparison of GLOBUS MARITIME LTD (GLBS) 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 $9.5M, roughly 1.3× GLOBUS MARITIME LTD). On growth, GLOBUS MARITIME LTD posted the faster year-over-year revenue change (0.2% vs -36.8%).

Globus Maritime Ltd is a global shipping enterprise specializing in ownership, operation and chartering of dry bulk cargo vessels. It transports iron ore, coal, grain and other industrial raw materials across major global trade routes, serving clients in logistics, commodities trading and manufacturing sectors worldwide.

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.

GLBS vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.3× larger
IPW
$12.0M
$9.5M
GLBS
Growing faster (revenue YoY)
GLBS
GLBS
+37.0% gap
GLBS
0.2%
-36.8%
IPW

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
GLBS
GLBS
IPW
IPW
Revenue
$9.5M
$12.0M
Net Profit
$-1.9M
Gross Margin
40.0%
Operating Margin
-4.3%
-14.1%
Net Margin
-19.6%
Revenue YoY
0.2%
-36.8%
Net Profit YoY
-157.0%
EPS (diluted)
$-0.09
$-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
GLBS
GLBS
IPW
IPW
Q3 25
$12.0M
Q2 25
$9.5M
Q2 24
$9.5M
Q2 23
$7.8M
Q2 22
$19.1M
Net Profit
GLBS
GLBS
IPW
IPW
Q3 25
Q2 25
$-1.9M
Q2 24
$3.3M
Q2 23
$-1.2M
Q2 22
$11.0M
Gross Margin
GLBS
GLBS
IPW
IPW
Q3 25
40.0%
Q2 25
Q2 24
Q2 23
Q2 22
Operating Margin
GLBS
GLBS
IPW
IPW
Q3 25
-14.1%
Q2 25
-4.3%
Q2 24
39.2%
Q2 23
-17.2%
Q2 22
57.8%
Net Margin
GLBS
GLBS
IPW
IPW
Q3 25
Q2 25
-19.6%
Q2 24
34.5%
Q2 23
-14.8%
Q2 22
57.5%
EPS (diluted)
GLBS
GLBS
IPW
IPW
Q3 25
$-0.51
Q2 25
$-0.09
Q2 24
$0.16
Q2 23
$-0.06
Q2 22
$0.53

Balance Sheet & Financial Strength

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

Metric
GLBS
GLBS
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$48.3M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$173.1M
$17.9M
Total Assets
$309.4M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLBS
GLBS
IPW
IPW
Q3 25
$904.0K
Q2 25
$48.3M
Q2 24
$70.8M
Q2 23
$53.2M
Q2 22
$43.6M
Stockholders' Equity
GLBS
GLBS
IPW
IPW
Q3 25
$17.9M
Q2 25
$173.1M
Q2 24
$178.9M
Q2 23
$172.1M
Q2 22
$169.5M
Total Assets
GLBS
GLBS
IPW
IPW
Q3 25
$28.6M
Q2 25
$309.4M
Q2 24
$256.3M
Q2 23
$217.3M
Q2 22
$206.2M

Cash Flow & Capital Efficiency

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

Metric
GLBS
GLBS
IPW
IPW
Operating Cash FlowLast quarter
$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
GLBS
GLBS
IPW
IPW
Q3 25
$1.7M
Q2 25
Q2 24
Q2 23
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLBS
GLBS

Other$4.8M51%
Property Plant And Equipment Subject To Operating Leases$4.7M49%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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