How do iPower Inc. and Pattern Group Inc. compare by revenue?

iPower Inc. reported revenue of $12.0M in Q1 2026, while Pattern Group Inc. reported $639.7M in Q3 2025. Pattern Group Inc. is 53.2× larger by last-quarter revenue.

Which has a higher gross margin, iPower Inc. or Pattern Group Inc.?

iPower Inc.'s gross margin is 40.0% vs Pattern Group Inc.'s 44.3%. Pattern Group Inc. converts more of each revenue dollar into gross profit.

Where does this IPW vs PTRN data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of iPower Inc. (IPW) and Pattern Group Inc. (PTRN), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Pattern Group Inc. is the larger business by last-quarter revenue ($639.7M vs $12.0M, roughly 53.2× iPower Inc.).

iPower Inc.IPWEarnings & Financial Report

Nasdaq · electricity generation

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.

Pattern Group Inc.PTRNEarnings & Financial Report

Nasdaq · electricity generation

Pattern Energy Group LP is an American company that develops, owns and operates utility scale wind and solar power facilities in the United States, Canada, and Mexico. It is headquartered in San Francisco, California with an operations center in Houston, Texas.

IPW vs PTRN — Head-to-Head

Bigger by revenue

PTRN

53.2× larger

$639.7M

$12.0M

Income Statement — Q1 2026 vs Q3 2025

Metric	IPW	PTRN
Revenue	$12.0M	$639.7M
Net Profit	—	$-59.1M
Gross Margin	40.0%	44.3%
Operating Margin	-14.1%	-9.4%
Net Margin	—	-9.2%
Revenue YoY	-36.8%	—
Net Profit YoY	—	—
EPS (diluted)	$-0.51	$-2.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	IPW	PTRN
Cash + ST InvestmentsLiquidity on hand	$904.0K	$312.8M
Total DebtLower is stronger	—	—
Stockholders' EquityBook value	$17.9M	$541.4M
Total Assets	$28.6M	$843.1M
Debt / EquityLower = less leverage	—	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

IPW

PTRN

Q3 25

$904.0K

$312.8M

Stockholders' Equity

IPW

PTRN

Q3 25

$17.9M

$541.4M

Total Assets

IPW

PTRN

Q3 25

$28.6M

$843.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	IPW	PTRN
Operating Cash FlowLast quarter	$1.7M	—
Free Cash FlowOCF − Capex	—	—
FCF MarginFCF / Revenue	—	—
Capex IntensityCapex / Revenue; lower = less reinvestment burden	—	—
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	—	—
TTM Free Cash FlowTrailing 4 quarters	—	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

IPW

PTRN

Q3 25

$1.7M

—

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.