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

Medirom Healthcare Technologies Inc. is the larger business by last-quarter revenue ($21.1M vs $12.0M, roughly 1.8× iPower 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.

Medirom Healthcare Technologies Inc. develops and delivers integrated digital health and remote patient monitoring solutions targeted at chronic disease management, post-operative care, and senior health support. It serves healthcare providers, insurance payers, and institutional care partners across key markets in North America and the Asia-Pacific region, prioritizing accessible, data-driven care to improve patient outcomes.

IPW vs MRM — Head-to-Head

Bigger by revenue
MRM
MRM
1.8× larger
MRM
$21.1M
$12.0M
IPW

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
IPW
IPW
MRM
MRM
Revenue
$12.0M
$21.1M
Net Profit
$-4.5M
Gross Margin
40.0%
10.8%
Operating Margin
-14.1%
-28.5%
Net Margin
-21.3%
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
MRM
MRM
Cash + ST InvestmentsLiquidity on hand
$904.0K
$252.3K
Total DebtLower is stronger
$8.8M
Stockholders' EquityBook value
$17.9M
$1.6M
Total Assets
$28.6M
$52.0M
Debt / EquityLower = less leverage
5.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
MRM
MRM
Q3 25
$904.0K
Q2 25
$252.3K
Total Debt
IPW
IPW
MRM
MRM
Q3 25
Q2 25
$8.8M
Stockholders' Equity
IPW
IPW
MRM
MRM
Q3 25
$17.9M
Q2 25
$1.6M
Total Assets
IPW
IPW
MRM
MRM
Q3 25
$28.6M
Q2 25
$52.0M
Debt / Equity
IPW
IPW
MRM
MRM
Q3 25
Q2 25
5.55×

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
MRM
MRM
Operating Cash FlowLast quarter
$1.7M
$-2.3K
Free Cash FlowOCF − Capex
$-2.4K
FCF MarginFCF / Revenue
-0.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
MRM
MRM
Q3 25
$1.7M
Q2 25
$-2.3K
Free Cash Flow
IPW
IPW
MRM
MRM
Q3 25
Q2 25
$-2.4K
FCF Margin
IPW
IPW
MRM
MRM
Q3 25
Q2 25
-0.0%
Capex Intensity
IPW
IPW
MRM
MRM
Q3 25
Q2 25
0.0%

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%

MRM
MRM

Professional services expense$20.0M95%
Other$1.1M5%

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