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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $7.5M, roughly 1.6× Semler Scientific, Inc.). On growth, iPower Inc. posted the faster year-over-year revenue change (-36.8% vs -44.6%).

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.

Semler Scientific, Inc. develops, manufactures and distributes non-invasive medical diagnostic devices for chronic disease screening. Its flagship QuantaFlo system delivers fast, accurate peripheral arterial disease testing, serving hospitals, clinics, primary care practices and other healthcare providers primarily in the United States.

IPW vs SMLR — Head-to-Head

Bigger by revenue
IPW
IPW
1.6× larger
IPW
$12.0M
$7.5M
SMLR
Growing faster (revenue YoY)
IPW
IPW
+7.8% gap
IPW
-36.8%
-44.6%
SMLR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IPW
IPW
SMLR
SMLR
Revenue
$12.0M
$7.5M
Net Profit
$16.9M
Gross Margin
40.0%
91.5%
Operating Margin
-14.1%
-72.0%
Net Margin
225.6%
Revenue YoY
-36.8%
-44.6%
Net Profit YoY
201.3%
EPS (diluted)
$-0.51
$1.07

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
SMLR
SMLR
Q3 25
$12.0M
$7.5M
Q2 25
$8.2M
Q1 25
$8.8M
Q4 24
$12.4M
Q3 24
$13.5M
Q2 24
$14.5M
Q1 24
$15.9M
Q4 23
$15.1M
Net Profit
IPW
IPW
SMLR
SMLR
Q3 25
$16.9M
Q2 25
$66.9M
Q1 25
$-64.7M
Q4 24
$29.2M
Q3 24
$5.6M
Q2 24
$11.0K
Q1 24
$6.1M
Q4 23
$4.2M
Gross Margin
IPW
IPW
SMLR
SMLR
Q3 25
40.0%
91.5%
Q2 25
91.0%
Q1 25
89.4%
Q4 24
91.1%
Q3 24
91.4%
Q2 24
91.3%
Q1 24
92.2%
Q4 23
77.5%
Operating Margin
IPW
IPW
SMLR
SMLR
Q3 25
-14.1%
-72.0%
Q2 25
-25.0%
Q1 25
-352.0%
Q4 24
28.5%
Q3 24
37.5%
Q2 24
37.0%
Q1 24
43.9%
Q4 23
16.7%
Net Margin
IPW
IPW
SMLR
SMLR
Q3 25
225.6%
Q2 25
814.6%
Q1 25
-732.3%
Q4 24
235.3%
Q3 24
41.5%
Q2 24
0.1%
Q1 24
38.2%
Q4 23
28.0%
EPS (diluted)
IPW
IPW
SMLR
SMLR
Q3 25
$-0.51
$1.07
Q2 25
$5.04
Q1 25
$-6.74
Q4 24
$3.63
Q3 24
$0.72
Q2 24
$0.00
Q1 24
$0.78
Q4 23
$0.54

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
SMLR
SMLR
Cash + ST InvestmentsLiquidity on hand
$904.0K
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$459.7M
Total Assets
$28.6M
$596.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
SMLR
SMLR
Q3 25
$904.0K
$10.2M
Q2 25
$13.5M
Q1 25
$9.7M
Q4 24
$8.8M
Q3 24
$6.6M
Q2 24
$7.3M
Q1 24
$62.8M
Q4 23
$57.2M
Stockholders' Equity
IPW
IPW
SMLR
SMLR
Q3 25
$17.9M
$459.7M
Q2 25
$383.4M
Q1 25
$161.7M
Q4 24
$230.8M
Q3 24
$85.4M
Q2 24
$78.4M
Q1 24
$77.9M
Q4 23
$71.8M
Total Assets
IPW
IPW
SMLR
SMLR
Q3 25
$28.6M
$596.7M
Q2 25
$522.6M
Q1 25
$293.4M
Q4 24
$239.8M
Q3 24
$92.2M
Q2 24
$84.8M
Q1 24
$83.9M
Q4 23
$78.1M

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
SMLR
SMLR
Operating Cash FlowLast quarter
$1.7M
$-33.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
SMLR
SMLR
Q3 25
$1.7M
$-33.0M
Q2 25
$514.0K
Q1 25
$-1.9M
Q4 24
$7.4M
Q3 24
$6.4M
Q2 24
$4.9M
Q1 24
$5.6M
Q4 23
$4.4M
Free Cash Flow
IPW
IPW
SMLR
SMLR
Q3 25
Q2 25
Q1 25
Q4 24
$7.4M
Q3 24
Q2 24
$4.9M
Q1 24
$5.6M
Q4 23
$4.4M
FCF Margin
IPW
IPW
SMLR
SMLR
Q3 25
Q2 25
Q1 25
Q4 24
59.8%
Q3 24
Q2 24
33.8%
Q1 24
35.3%
Q4 23
29.3%
Capex Intensity
IPW
IPW
SMLR
SMLR
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.0%
Q4 23
0.2%
Cash Conversion
IPW
IPW
SMLR
SMLR
Q3 25
-1.95×
Q2 25
0.01×
Q1 25
Q4 24
0.25×
Q3 24
1.15×
Q2 24
448.55×
Q1 24
0.93×
Q4 23
1.05×

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%

SMLR
SMLR

Segment breakdown not available.

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