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

TELA Bio, Inc. is the larger business by last-quarter revenue ($20.9M vs $12.0M, roughly 1.7× iPower Inc.). On growth, TELA Bio, Inc. posted the faster year-over-year revenue change (18.2% 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.

TELA Bio, Inc. is a medical technology company focused on developing and commercializing innovative soft tissue repair solutions for surgical procedures. Its core product portfolio targets applications including hernia repair, abdominal wall reconstruction and other general surgery use cases, serving hospitals, ambulatory surgical centers and healthcare providers primarily across the United States and select global markets.

IPW vs TELA — Head-to-Head

Bigger by revenue
TELA
TELA
1.7× larger
TELA
$20.9M
$12.0M
IPW
Growing faster (revenue YoY)
TELA
TELA
+55.0% gap
TELA
18.2%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
TELA
TELA
Revenue
$12.0M
$20.9M
Net Profit
$-9.0M
Gross Margin
40.0%
65.9%
Operating Margin
-14.1%
-31.9%
Net Margin
-43.3%
Revenue YoY
-36.8%
18.2%
Net Profit YoY
1.8%
EPS (diluted)
$-0.51
$-0.17

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
TELA
TELA
Q4 25
$20.9M
Q3 25
$12.0M
$20.7M
Q2 25
$20.2M
Q1 25
$18.5M
Q4 24
$17.6M
Q3 24
$19.0M
Q2 24
$16.1M
Q1 24
$16.6M
Net Profit
IPW
IPW
TELA
TELA
Q4 25
$-9.0M
Q3 25
$-8.6M
Q2 25
$-9.9M
Q1 25
$-11.3M
Q4 24
$-9.2M
Q3 24
$-10.4M
Q2 24
$-12.6M
Q1 24
$-5.7M
Gross Margin
IPW
IPW
TELA
TELA
Q4 25
65.9%
Q3 25
40.0%
67.5%
Q2 25
69.8%
Q1 25
67.6%
Q4 24
63.6%
Q3 24
67.8%
Q2 24
68.8%
Q1 24
68.3%
Operating Margin
IPW
IPW
TELA
TELA
Q4 25
-31.9%
Q3 25
-14.1%
-36.5%
Q2 25
-45.0%
Q1 25
-56.5%
Q4 24
-47.3%
Q3 24
-49.4%
Q2 24
-71.9%
Q1 24
-29.1%
Net Margin
IPW
IPW
TELA
TELA
Q4 25
-43.3%
Q3 25
-41.6%
Q2 25
-49.1%
Q1 25
-60.8%
Q4 24
-52.2%
Q3 24
-54.7%
Q2 24
-78.3%
Q1 24
-34.1%
EPS (diluted)
IPW
IPW
TELA
TELA
Q4 25
$-0.17
Q3 25
$-0.51
$-0.19
Q2 25
$-0.22
Q1 25
$-0.25
Q4 24
$-0.17
Q3 24
$-0.42
Q2 24
$-0.51
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
TELA
TELA
Cash + ST InvestmentsLiquidity on hand
$904.0K
$50.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$6.3M
Total Assets
$28.6M
$81.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
TELA
TELA
Q4 25
$50.8M
Q3 25
$904.0K
$29.7M
Q2 25
$35.0M
Q1 25
$42.8M
Q4 24
$52.7M
Q3 24
$17.3M
Q2 24
$26.5M
Q1 24
$37.1M
Total Debt
IPW
IPW
TELA
TELA
Q4 25
Q3 25
Q2 25
$41.4M
Q1 25
$41.3M
Q4 24
$41.1M
Q3 24
$41.0M
Q2 24
$40.8M
Q1 24
$40.7M
Stockholders' Equity
IPW
IPW
TELA
TELA
Q4 25
$6.3M
Q3 25
$17.9M
$1.6M
Q2 25
$9.2M
Q1 25
$18.1M
Q4 24
$28.5M
Q3 24
$-6.3M
Q2 24
$2.9M
Q1 24
$14.4M
Total Assets
IPW
IPW
TELA
TELA
Q4 25
$81.4M
Q3 25
$28.6M
$61.6M
Q2 25
$67.5M
Q1 25
$77.3M
Q4 24
$86.6M
Q3 24
$53.0M
Q2 24
$60.2M
Q1 24
$71.8M
Debt / Equity
IPW
IPW
TELA
TELA
Q4 25
Q3 25
Q2 25
4.51×
Q1 25
2.28×
Q4 24
1.45×
Q3 24
Q2 24
14.22×
Q1 24
2.83×

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
TELA
TELA
Operating Cash FlowLast quarter
$1.7M
$-4.9M
Free Cash FlowOCF − Capex
$-5.0M
FCF MarginFCF / Revenue
-23.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
TELA
TELA
Q4 25
$-4.9M
Q3 25
$1.7M
$-5.7M
Q2 25
$-7.9M
Q1 25
$-9.7M
Q4 24
$-7.5M
Q3 24
$-9.0M
Q2 24
$-10.7M
Q1 24
$-14.4M
Free Cash Flow
IPW
IPW
TELA
TELA
Q4 25
$-5.0M
Q3 25
$-5.9M
Q2 25
$-8.0M
Q1 25
$-9.8M
Q4 24
$-7.8M
Q3 24
$-9.1M
Q2 24
$-11.0M
Q1 24
$-14.7M
FCF Margin
IPW
IPW
TELA
TELA
Q4 25
-23.8%
Q3 25
-28.7%
Q2 25
-39.7%
Q1 25
-52.7%
Q4 24
-44.2%
Q3 24
-48.0%
Q2 24
-68.3%
Q1 24
-88.5%
Capex Intensity
IPW
IPW
TELA
TELA
Q4 25
0.4%
Q3 25
1.0%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
1.5%
Q3 24
0.6%
Q2 24
1.9%
Q1 24
1.8%

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%

TELA
TELA

Ovitex$13.4M64%
Ovitex Prs$6.8M33%
Other$597.0K3%

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