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

Richmond Mutual Bancorporation, Inc. is the larger business by last-quarter revenue ($13.1M vs $12.0M, roughly 1.1× iPower Inc.). On growth, Richmond Mutual Bancorporation, Inc. posted the faster year-over-year revenue change (18.1% 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.

Richmond Mutual Bancorporation, Inc. is a U.S.-based bank holding company operating primarily in Indiana. It offers a full range of personal and commercial banking solutions including deposit accounts, mortgage loans, small business lending, and wealth management services, serving local retail consumers and small-to-medium enterprise clients via its regional branch network.

IPW vs RMBI — Head-to-Head

Bigger by revenue
RMBI
RMBI
1.1× larger
RMBI
$13.1M
$12.0M
IPW
Growing faster (revenue YoY)
RMBI
RMBI
+54.8% gap
RMBI
18.1%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
RMBI
RMBI
Revenue
$12.0M
$13.1M
Net Profit
$3.4M
Gross Margin
40.0%
Operating Margin
-14.1%
Net Margin
26.1%
Revenue YoY
-36.8%
18.1%
Net Profit YoY
37.7%
EPS (diluted)
$-0.51
$0.35

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
RMBI
RMBI
Q4 25
$13.1M
Q3 25
$12.0M
$12.6M
Q2 25
$11.8M
Q1 25
$11.4M
Q4 24
$11.1M
Q3 24
$10.8M
Q2 24
$10.7M
Q1 24
$11.0M
Net Profit
IPW
IPW
RMBI
RMBI
Q4 25
$3.4M
Q3 25
$3.6M
Q2 25
$2.6M
Q1 25
$2.0M
Q4 24
$2.5M
Q3 24
$2.5M
Q2 24
$2.1M
Q1 24
$2.4M
Gross Margin
IPW
IPW
RMBI
RMBI
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPW
IPW
RMBI
RMBI
Q4 25
Q3 25
-14.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
IPW
IPW
RMBI
RMBI
Q4 25
26.1%
Q3 25
28.6%
Q2 25
22.0%
Q1 25
17.2%
Q4 24
22.4%
Q3 24
23.0%
Q2 24
19.3%
Q1 24
21.6%
EPS (diluted)
IPW
IPW
RMBI
RMBI
Q4 25
$0.35
Q3 25
$-0.51
$0.36
Q2 25
$0.26
Q1 25
$0.20
Q4 24
$0.25
Q3 24
$0.24
Q2 24
$0.20
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
RMBI
RMBI
Cash + ST InvestmentsLiquidity on hand
$904.0K
$33.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$145.8M
Total Assets
$28.6M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
RMBI
RMBI
Q4 25
$33.1M
Q3 25
$904.0K
$34.3M
Q2 25
$27.2M
Q1 25
$27.0M
Q4 24
$21.8M
Q3 24
$19.6M
Q2 24
$19.0M
Q1 24
$20.3M
Stockholders' Equity
IPW
IPW
RMBI
RMBI
Q4 25
$145.8M
Q3 25
$17.9M
$140.0M
Q2 25
$132.3M
Q1 25
$130.9M
Q4 24
$132.9M
Q3 24
$140.0M
Q2 24
$131.1M
Q1 24
$132.4M
Total Assets
IPW
IPW
RMBI
RMBI
Q4 25
$1.5B
Q3 25
$28.6M
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B

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
RMBI
RMBI
Operating Cash FlowLast quarter
$1.7M
$16.0M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
111.9%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
4.68×
TTM Free Cash FlowTrailing 4 quarters
$26.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
RMBI
RMBI
Q4 25
$16.0M
Q3 25
$1.7M
$6.3M
Q2 25
$4.8M
Q1 25
$2.2M
Q4 24
$14.8M
Q3 24
$2.9M
Q2 24
$2.9M
Q1 24
$2.2M
Free Cash Flow
IPW
IPW
RMBI
RMBI
Q4 25
$14.6M
Q3 25
$5.8M
Q2 25
$4.2M
Q1 25
$2.1M
Q4 24
$14.3M
Q3 24
$2.8M
Q2 24
$2.8M
Q1 24
$2.0M
FCF Margin
IPW
IPW
RMBI
RMBI
Q4 25
111.9%
Q3 25
46.2%
Q2 25
35.6%
Q1 25
18.4%
Q4 24
129.3%
Q3 24
25.7%
Q2 24
26.2%
Q1 24
18.7%
Capex Intensity
IPW
IPW
RMBI
RMBI
Q4 25
10.4%
Q3 25
3.7%
Q2 25
5.3%
Q1 25
0.7%
Q4 24
4.2%
Q3 24
1.1%
Q2 24
1.1%
Q1 24
1.1%
Cash Conversion
IPW
IPW
RMBI
RMBI
Q4 25
4.68×
Q3 25
1.75×
Q2 25
1.86×
Q1 25
1.11×
Q4 24
5.96×
Q3 24
1.17×
Q2 24
1.42×
Q1 24
0.91×

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%

RMBI
RMBI

Segment breakdown not available.

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