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

PEDEVCO CORP is the larger business by last-quarter revenue ($23.1M vs $12.0M, roughly 1.9× iPower Inc.). On growth, PEDEVCO CORP posted the faster year-over-year revenue change (118.2% 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.

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

IPW vs PED — Head-to-Head

Bigger by revenue
PED
PED
1.9× larger
PED
$23.1M
$12.0M
IPW
Growing faster (revenue YoY)
PED
PED
+155.0% gap
PED
118.2%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
PED
PED
Revenue
$12.0M
$23.1M
Net Profit
$-8.5M
Gross Margin
40.0%
Operating Margin
-14.1%
-21.3%
Net Margin
-36.8%
Revenue YoY
-36.8%
118.2%
Net Profit YoY
-243.5%
EPS (diluted)
$-0.51
$-2.23

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
PED
PED
Q4 25
$23.1M
Q3 25
$12.0M
$7.0M
Q2 25
$7.0M
Q1 25
$8.7M
Q4 24
$10.6M
Q3 24
$9.1M
Q2 24
$11.8M
Q1 24
$8.1M
Net Profit
IPW
IPW
PED
PED
Q4 25
$-8.5M
Q3 25
$-325.0K
Q2 25
$-1.7M
Q1 25
$140.0K
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$2.7M
Q1 24
$773.0K
Gross Margin
IPW
IPW
PED
PED
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPW
IPW
PED
PED
Q4 25
-21.3%
Q3 25
-14.1%
-12.0%
Q2 25
-32.2%
Q1 25
1.7%
Q4 24
-12.9%
Q3 24
31.3%
Q2 24
22.3%
Q1 24
7.6%
Net Margin
IPW
IPW
PED
PED
Q4 25
-36.8%
Q3 25
-4.7%
Q2 25
-24.0%
Q1 25
1.6%
Q4 24
56.0%
Q3 24
32.2%
Q2 24
22.7%
Q1 24
9.5%
EPS (diluted)
IPW
IPW
PED
PED
Q4 25
$-2.23
Q3 25
$-0.51
$0.00
Q2 25
$-0.02
Q1 25
$0.00
Q4 24
$2.69
Q3 24
$0.03
Q2 24
$0.03
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
PED
PED
Cash + ST InvestmentsLiquidity on hand
$904.0K
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$207.4M
Total Assets
$28.6M
$375.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
PED
PED
Q4 25
$3.2M
Q3 25
$904.0K
$10.9M
Q2 25
$8.5M
Q1 25
$10.4M
Q4 24
$4.0M
Q3 24
$4.6M
Q2 24
$6.1M
Q1 24
$13.3M
Stockholders' Equity
IPW
IPW
PED
PED
Q4 25
$207.4M
Q3 25
$17.9M
$115.4M
Q2 25
$115.2M
Q1 25
$116.2M
Q4 24
$115.6M
Q3 24
$106.5M
Q2 24
$103.2M
Q1 24
$100.0M
Total Assets
IPW
IPW
PED
PED
Q4 25
$375.9M
Q3 25
$28.6M
$135.9M
Q2 25
$136.8M
Q1 25
$145.6M
Q4 24
$128.3M
Q3 24
$114.3M
Q2 24
$111.0M
Q1 24
$118.3M

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
PED
PED
Operating Cash FlowLast quarter
$1.7M
$-2.1M
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
IPW
IPW
PED
PED
Q4 25
$-2.1M
Q3 25
$1.7M
$7.4M
Q2 25
$-420.0K
Q1 25
$5.9M
Q4 24
$4.2M
Q3 24
$8.3M
Q2 24
$4.6M
Q1 24
$-4.3M
Cash Conversion
IPW
IPW
PED
PED
Q4 25
Q3 25
Q2 25
Q1 25
42.34×
Q4 24
0.71×
Q3 24
2.83×
Q2 24
1.71×
Q1 24
-5.56×

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%

PED
PED

Segment breakdown not available.

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