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

Taoping Inc. is the larger business by last-quarter revenue ($17.6M vs $12.0M, roughly 1.5× iPower Inc.). On growth, Taoping Inc. posted the faster year-over-year revenue change (-2.6% 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.

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

IPW vs TAOP — Head-to-Head

Bigger by revenue
TAOP
TAOP
1.5× larger
TAOP
$17.6M
$12.0M
IPW
Growing faster (revenue YoY)
TAOP
TAOP
+34.1% gap
TAOP
-2.6%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
IPW
IPW
TAOP
TAOP
Revenue
$12.0M
$17.6M
Net Profit
$-4.7M
Gross Margin
40.0%
10.1%
Operating Margin
-14.1%
-23.8%
Net Margin
-26.6%
Revenue YoY
-36.8%
-2.6%
Net Profit YoY
-894.8%
EPS (diluted)
$-0.51
$-6.54

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
TAOP
TAOP
Q3 25
$12.0M
Q2 25
$17.6M
Q4 24
$18.6M
Q2 24
$18.1M
Net Profit
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
$-4.7M
Q4 24
$-2.4M
Q2 24
$588.7K
Gross Margin
IPW
IPW
TAOP
TAOP
Q3 25
40.0%
Q2 25
10.1%
Q4 24
19.5%
Q2 24
22.9%
Operating Margin
IPW
IPW
TAOP
TAOP
Q3 25
-14.1%
Q2 25
-23.8%
Q4 24
-8.0%
Q2 24
-0.7%
Net Margin
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
-26.6%
Q4 24
-13.0%
Q2 24
3.3%
EPS (diluted)
IPW
IPW
TAOP
TAOP
Q3 25
$-0.51
Q2 25
$-6.54
Q4 24
$-3.58
Q2 24
$3.29

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
TAOP
TAOP
Cash + ST InvestmentsLiquidity on hand
$904.0K
$2.2M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$17.9M
$14.5M
Total Assets
$28.6M
$30.3M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
TAOP
TAOP
Q3 25
$904.0K
Q2 25
$2.2M
Q4 24
$1.6M
Q2 24
$480.3K
Total Debt
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
$5.8M
Q4 24
$5.8M
Q2 24
Stockholders' Equity
IPW
IPW
TAOP
TAOP
Q3 25
$17.9M
Q2 25
$14.5M
Q4 24
$15.9M
Q2 24
$15.8M
Total Assets
IPW
IPW
TAOP
TAOP
Q3 25
$28.6M
Q2 25
$30.3M
Q4 24
$35.1M
Q2 24
$34.1M
Debt / Equity
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
0.40×
Q4 24
0.37×
Q2 24

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
TAOP
TAOP
Operating Cash FlowLast quarter
$1.7M
$-1.5M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-16.0%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
TAOP
TAOP
Q3 25
$1.7M
Q2 25
$-1.5M
Q4 24
$147.4K
Q2 24
$-2.5M
Free Cash Flow
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
$-2.8M
Q4 24
$-129.3K
Q2 24
$-3.3M
FCF Margin
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
-16.0%
Q4 24
-0.7%
Q2 24
-18.3%
Capex Intensity
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
7.6%
Q4 24
1.5%
Q2 24
4.3%
Cash Conversion
IPW
IPW
TAOP
TAOP
Q3 25
Q2 25
Q4 24
Q2 24
-4.30×

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%

TAOP
TAOP

Segment breakdown not available.

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