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

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $12.0M, roughly 1.9× iPower Inc.). On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% 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.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

IPW vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
1.9× larger
TECTP
$23.0M
$12.0M
IPW
Growing faster (revenue YoY)
TECTP
TECTP
+54.7% gap
TECTP
17.9%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IPW
IPW
TECTP
TECTP
Revenue
$12.0M
$23.0M
Net Profit
$5.5M
Gross Margin
40.0%
Operating Margin
-14.1%
30.6%
Net Margin
23.8%
Revenue YoY
-36.8%
17.9%
Net Profit YoY
15.9%
EPS (diluted)
$-0.51
$0.73

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
TECTP
TECTP
Q3 25
$12.0M
$23.0M
Q2 25
$21.6M
Q1 25
$21.8M
Q4 24
$21.4M
Q3 24
$19.5M
Q2 24
$18.6M
Q1 24
$17.6M
Q4 23
$1.7M
Net Profit
IPW
IPW
TECTP
TECTP
Q3 25
$5.5M
Q2 25
$4.3M
Q1 25
$4.5M
Q4 24
$3.0M
Q3 24
$4.7M
Q2 24
$3.1M
Q1 24
$3.1M
Q4 23
$3.3M
Gross Margin
IPW
IPW
TECTP
TECTP
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Operating Margin
IPW
IPW
TECTP
TECTP
Q3 25
-14.1%
30.6%
Q2 25
25.9%
Q1 25
26.0%
Q4 24
22.1%
Q3 24
29.1%
Q2 24
21.5%
Q1 24
22.2%
Q4 23
Net Margin
IPW
IPW
TECTP
TECTP
Q3 25
23.8%
Q2 25
19.8%
Q1 25
20.4%
Q4 24
14.0%
Q3 24
24.2%
Q2 24
16.9%
Q1 24
17.4%
Q4 23
197.4%
EPS (diluted)
IPW
IPW
TECTP
TECTP
Q3 25
$-0.51
$0.73
Q2 25
$0.55
Q1 25
$0.57
Q4 24
$0.35
Q3 24
$0.58
Q2 24
$0.38
Q1 24
$0.37
Q4 23
$0.40

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$119.2M
Total Assets
$28.6M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
TECTP
TECTP
Q3 25
$904.0K
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
IPW
IPW
TECTP
TECTP
Q3 25
$17.9M
$119.2M
Q2 25
$114.6M
Q1 25
$111.3M
Q4 24
$113.4M
Q3 24
$112.8M
Q2 24
$110.4M
Q1 24
$108.5M
Q4 23
$106.9M
Total Assets
IPW
IPW
TECTP
TECTP
Q3 25
$28.6M
$1.1B
Q2 25
$997.0M
Q1 25
$910.5M
Q4 24
$863.4M
Q3 24
$847.5M
Q2 24
$777.1M
Q1 24
$777.6M
Q4 23
$677.3M

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
TECTP
TECTP
Operating Cash FlowLast quarter
$1.7M
$-17.3M
Free Cash FlowOCF − Capex
$-17.3M
FCF MarginFCF / Revenue
-74.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-3.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
TECTP
TECTP
Q3 25
$1.7M
$-17.3M
Q2 25
$-32.5M
Q1 25
$-35.6M
Q4 24
$-86.6M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.2M
Q4 23
$-16.7M
Free Cash Flow
IPW
IPW
TECTP
TECTP
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.6M
Q4 24
$-86.8M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.3M
Q4 23
$-16.7M
FCF Margin
IPW
IPW
TECTP
TECTP
Q3 25
-74.9%
Q2 25
Q1 25
-163.2%
Q4 24
-406.5%
Q3 24
-115.0%
Q2 24
-165.5%
Q1 24
-18.8%
Q4 23
-996.2%
Capex Intensity
IPW
IPW
TECTP
TECTP
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.9%
Q4 23
0.4%
Cash Conversion
IPW
IPW
TECTP
TECTP
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×
Q4 23
-5.04×

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%

TECTP
TECTP

Segment breakdown not available.

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