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

Avidity Biosciences, Inc. is the larger business by last-quarter revenue ($12.5M vs $12.0M, roughly 1.0× iPower Inc.). On growth, Avidity Biosciences, Inc. posted the faster year-over-year revenue change (434.0% 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.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

IPW vs RNA — Head-to-Head

Bigger by revenue
RNA
RNA
1.0× larger
RNA
$12.5M
$12.0M
IPW
Growing faster (revenue YoY)
RNA
RNA
+470.8% gap
RNA
434.0%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IPW
IPW
RNA
RNA
Revenue
$12.0M
$12.5M
Net Profit
$-174.4M
Gross Margin
40.0%
Operating Margin
-14.1%
-1513.5%
Net Margin
-1398.3%
Revenue YoY
-36.8%
434.0%
Net Profit YoY
-117.0%
EPS (diluted)
$-0.51
$-1.27

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
RNA
RNA
Q3 25
$12.0M
$12.5M
Q2 25
$3.8M
Q1 25
$1.6M
Q4 24
$3.0M
Q3 24
$2.3M
Q2 24
$2.0M
Q1 24
$3.5M
Q4 23
$2.2M
Net Profit
IPW
IPW
RNA
RNA
Q3 25
$-174.4M
Q2 25
$-157.3M
Q1 25
$-115.8M
Q4 24
$-102.3M
Q3 24
$-80.4M
Q2 24
$-70.8M
Q1 24
$-68.9M
Q4 23
$-60.4M
Gross Margin
IPW
IPW
RNA
RNA
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Operating Margin
IPW
IPW
RNA
RNA
Q3 25
-14.1%
-1513.5%
Q2 25
-4448.7%
Q1 25
-8360.9%
Q4 24
-4069.6%
Q3 24
-4200.9%
Q2 24
-4040.4%
Q1 24
-2178.6%
Q4 23
-3043.5%
Net Margin
IPW
IPW
RNA
RNA
Q3 25
-1398.3%
Q2 25
-4089.3%
Q1 25
-7360.0%
Q4 24
-3439.5%
Q3 24
-3441.7%
Q2 24
-3461.8%
Q1 24
-1943.4%
Q4 23
-2756.2%
EPS (diluted)
IPW
IPW
RNA
RNA
Q3 25
$-0.51
$-1.27
Q2 25
$-1.21
Q1 25
$-0.90
Q4 24
$-0.80
Q3 24
$-0.65
Q2 24
$-0.65
Q1 24
$-0.79
Q4 23
$-0.80

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
RNA
RNA
Cash + ST InvestmentsLiquidity on hand
$904.0K
$350.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$1.9B
Total Assets
$28.6M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
RNA
RNA
Q3 25
$904.0K
$350.2M
Q2 25
$243.9M
Q1 25
$254.2M
Q4 24
$219.9M
Q3 24
$370.2M
Q2 24
$575.8M
Q1 24
$471.4M
Q4 23
$185.1M
Stockholders' Equity
IPW
IPW
RNA
RNA
Q3 25
$17.9M
$1.9B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.2B
Q1 24
$830.9M
Q4 23
$500.8M
Total Assets
IPW
IPW
RNA
RNA
Q3 25
$28.6M
$2.1B
Q2 25
$1.4B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.3B
Q1 24
$951.5M
Q4 23
$628.6M

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
RNA
RNA
Operating Cash FlowLast quarter
$1.7M
$-156.2M
Free Cash FlowOCF − Capex
$-156.9M
FCF MarginFCF / Revenue
-1257.6%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
RNA
RNA
Q3 25
$1.7M
$-156.2M
Q2 25
$-199.7M
Q1 25
$-124.8M
Q4 24
$-99.9M
Q3 24
$-65.6M
Q2 24
$-65.0M
Q1 24
$-70.4M
Q4 23
$16.5M
Free Cash Flow
IPW
IPW
RNA
RNA
Q3 25
$-156.9M
Q2 25
$-203.0M
Q1 25
$-128.6M
Q4 24
$-103.8M
Q3 24
$-67.3M
Q2 24
$-65.5M
Q1 24
$-71.3M
Q4 23
$15.6M
FCF Margin
IPW
IPW
RNA
RNA
Q3 25
-1257.6%
Q2 25
-5277.1%
Q1 25
-8174.3%
Q4 24
-3491.0%
Q3 24
-2881.8%
Q2 24
-3204.6%
Q1 24
-2012.3%
Q4 23
713.1%
Capex Intensity
IPW
IPW
RNA
RNA
Q3 25
5.7%
Q2 25
86.9%
Q1 25
238.6%
Q4 24
131.7%
Q3 24
72.9%
Q2 24
26.0%
Q1 24
25.8%
Q4 23
39.4%

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%

RNA
RNA

Segment breakdown not available.

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