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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $8.4M, roughly 1.4× OmniAb, Inc.). On growth, OmniAb, Inc. posted the faster year-over-year revenue change (-22.5% vs -36.8%).

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.

OmniAb, Inc. is a global biotechnology firm specializing in proprietary transgenic animal platforms and antibody discovery solutions. It partners with pharma and biotech clients to accelerate fully human therapeutic antibody development for oncology, autoimmune diseases and high-need medical areas across key global markets.

IPW vs OABI — Head-to-Head

Bigger by revenue
IPW
IPW
1.4× larger
IPW
$12.0M
$8.4M
OABI
Growing faster (revenue YoY)
OABI
OABI
+14.3% gap
OABI
-22.5%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
OABI
OABI
Revenue
$12.0M
$8.4M
Net Profit
$-14.2M
Gross Margin
40.0%
Operating Margin
-14.1%
-188.2%
Net Margin
-169.3%
Revenue YoY
-36.8%
-22.5%
Net Profit YoY
-8.5%
EPS (diluted)
$-0.51
$-0.11

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
IPW
IPW
OABI
OABI
Q4 25
$8.4M
Q3 25
$12.0M
Q4 24
$10.8M
Q2 24
$7.6M
Q4 23
$4.8M
Q3 23
$5.5M
Q2 23
$6.9M
Q1 23
$16.9M
Net Profit
IPW
IPW
OABI
OABI
Q4 25
$-14.2M
Q3 25
Q4 24
$-13.1M
Q2 24
$-13.6M
Q4 23
$-14.1M
Q3 23
$-15.7M
Q2 23
$-14.7M
Q1 23
$-6.1M
Gross Margin
IPW
IPW
OABI
OABI
Q4 25
Q3 25
40.0%
Q4 24
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
Operating Margin
IPW
IPW
OABI
OABI
Q4 25
-188.2%
Q3 25
-14.1%
Q4 24
-147.0%
Q2 24
-214.1%
Q4 23
-439.8%
Q3 23
-370.9%
Q2 23
-279.9%
Q1 23
-50.0%
Net Margin
IPW
IPW
OABI
OABI
Q4 25
-169.3%
Q3 25
Q4 24
-121.0%
Q2 24
-179.0%
Q4 23
-291.4%
Q3 23
-287.3%
Q2 23
-212.0%
Q1 23
-36.1%
EPS (diluted)
IPW
IPW
OABI
OABI
Q4 25
$-0.11
Q3 25
$-0.51
Q4 24
$-0.13
Q2 24
$-0.13
Q4 23
$-0.14
Q3 23
$-0.16
Q2 23
$-0.15
Q1 23
$-0.06

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
OABI
OABI
Cash + ST InvestmentsLiquidity on hand
$904.0K
$25.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$267.0M
Total Assets
$28.6M
$300.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
OABI
OABI
Q4 25
$25.5M
Q3 25
$904.0K
Q4 24
$27.6M
Q2 24
$20.8M
Q4 23
$16.4M
Q3 23
$21.2M
Q2 23
$21.0M
Q1 23
$22.9M
Stockholders' Equity
IPW
IPW
OABI
OABI
Q4 25
$267.0M
Q3 25
$17.9M
Q4 24
$287.6M
Q2 24
$294.2M
Q4 23
$314.6M
Q3 23
$324.5M
Q2 23
$333.8M
Q1 23
$340.8M
Total Assets
IPW
IPW
OABI
OABI
Q4 25
$300.9M
Q3 25
$28.6M
Q4 24
$325.6M
Q2 24
$337.3M
Q4 23
$375.2M
Q3 23
$391.7M
Q2 23
$405.2M
Q1 23
$413.0M

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
OABI
OABI
Operating Cash FlowLast quarter
$1.7M
$-5.7M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-67.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-31.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
OABI
OABI
Q4 25
$-5.7M
Q3 25
$1.7M
Q4 24
$-3.9M
Q2 24
$-12.2M
Q4 23
$-9.1M
Q3 23
$-6.2M
Q2 23
$-10.0M
Q1 23
$27.7M
Free Cash Flow
IPW
IPW
OABI
OABI
Q4 25
$-5.7M
Q3 25
Q4 24
$-3.9M
Q2 24
$-12.9M
Q4 23
$-9.2M
Q3 23
$-6.7M
Q2 23
$-10.8M
Q1 23
$27.5M
FCF Margin
IPW
IPW
OABI
OABI
Q4 25
-67.8%
Q3 25
Q4 24
-36.3%
Q2 24
-169.9%
Q4 23
-191.4%
Q3 23
-122.1%
Q2 23
-156.0%
Q1 23
162.3%
Capex Intensity
IPW
IPW
OABI
OABI
Q4 25
0.1%
Q3 25
Q4 24
0.4%
Q2 24
9.9%
Q4 23
2.2%
Q3 23
8.9%
Q2 23
11.7%
Q1 23
1.4%

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%

OABI
OABI

Segment breakdown not available.

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