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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $9.9M, roughly 1.2× Maase Inc.).

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.

IPW vs MAAS — Head-to-Head

Bigger by revenue
IPW
IPW
1.2× larger
IPW
$12.0M
$9.9M
MAAS

Income Statement — Q1 FY2026 vs Q2 FY2023

Metric
IPW
IPW
MAAS
MAAS
Revenue
$12.0M
$9.9M
Net Profit
Gross Margin
40.0%
78.7%
Operating Margin
-14.1%
-55.9%
Net Margin
Revenue YoY
-36.8%
Net Profit YoY
EPS (diluted)
$-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
IPW
IPW
MAAS
MAAS
Cash + ST InvestmentsLiquidity on hand
$904.0K
$10.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$31.6M
Total Assets
$28.6M
$47.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
MAAS
MAAS
Q3 25
$904.0K
Q4 22
$10.9M
Stockholders' Equity
IPW
IPW
MAAS
MAAS
Q3 25
$17.9M
Q4 22
$31.6M
Total Assets
IPW
IPW
MAAS
MAAS
Q3 25
$28.6M
Q4 22
$47.0M

Cash Flow & Capital Efficiency

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

Metric
IPW
IPW
MAAS
MAAS
Operating Cash FlowLast quarter
$1.7M
$-18.2M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
MAAS
MAAS
Q3 25
$1.7M
Q4 22
$-18.2M
Free Cash Flow
IPW
IPW
MAAS
MAAS
Q3 25
Q4 22
$-18.3M
FCF Margin
IPW
IPW
MAAS
MAAS
Q3 25
Q4 22
-184.4%
Capex Intensity
IPW
IPW
MAAS
MAAS
Q3 25
Q4 22
1.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPW
IPW

Products$10.5M87%
Services$1.5M13%

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

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