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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $6.3M, roughly 1.9× UR-ENERGY INC). On growth, UR-ENERGY INC posted the faster year-over-year revenue change (-1.2% 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.

UR-Energy Inc. is a specialized uranium mining firm that uses low-environmental-impact in-situ recovery extraction technology. It operates assets in the western United States, supplying uranium concentrate to nuclear power utilities across North America and global markets to support clean energy production.

IPW vs URG — Head-to-Head

Bigger by revenue
IPW
IPW
1.9× larger
IPW
$12.0M
$6.3M
URG
Growing faster (revenue YoY)
URG
URG
+35.6% gap
URG
-1.2%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IPW
IPW
URG
URG
Revenue
$12.0M
$6.3M
Net Profit
$-27.5M
Gross Margin
40.0%
Operating Margin
-14.1%
-313.3%
Net Margin
-434.3%
Revenue YoY
-36.8%
-1.2%
Net Profit YoY
-243.2%
EPS (diluted)
$-0.51
$-0.07

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
URG
URG
Q3 25
$12.0M
$6.3M
Q2 25
$10.4M
Q4 24
$22.7M
Q3 24
$6.4M
Q2 24
$4.7M
Q1 24
$0
Net Profit
IPW
IPW
URG
URG
Q3 25
$-27.5M
Q2 25
$-21.0M
Q4 24
Q3 24
$-8.0M
Q2 24
$-6.6M
Q1 24
$-18.5M
Gross Margin
IPW
IPW
URG
URG
Q3 25
40.0%
Q2 25
18.6%
Q4 24
Q3 24
12.3%
Q2 24
28.5%
Q1 24
Operating Margin
IPW
IPW
URG
URG
Q3 25
-14.1%
-313.3%
Q2 25
-151.1%
Q4 24
Q3 24
-185.4%
Q2 24
-245.2%
Q1 24
Net Margin
IPW
IPW
URG
URG
Q3 25
-434.3%
Q2 25
-200.8%
Q4 24
Q3 24
-125.0%
Q2 24
-141.5%
Q1 24
EPS (diluted)
IPW
IPW
URG
URG
Q3 25
$-0.51
$-0.07
Q2 25
$-0.06
Q4 24
Q3 24
$-0.02
Q2 24
$-0.02
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
URG
URG
Cash + ST InvestmentsLiquidity on hand
$904.0K
$52.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$90.7M
Total Assets
$28.6M
$170.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
URG
URG
Q3 25
$904.0K
$52.0M
Q2 25
$57.6M
Q4 24
$76.1M
Q3 24
$118.5M
Q2 24
$61.3M
Q1 24
$53.9M
Stockholders' Equity
IPW
IPW
URG
URG
Q3 25
$17.9M
$90.7M
Q2 25
$102.1M
Q4 24
$132.8M
Q3 24
$152.1M
Q2 24
$92.8M
Q1 24
$76.9M
Total Assets
IPW
IPW
URG
URG
Q3 25
$28.6M
$170.9M
Q2 25
$171.3M
Q4 24
$194.1M
Q3 24
$201.4M
Q2 24
$140.6M
Q1 24
$124.9M

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
URG
URG
Operating Cash FlowLast quarter
$1.7M
$-15.0M
Free Cash FlowOCF − Capex
$-20.4M
FCF MarginFCF / Revenue
-322.5%
Capex IntensityCapex / Revenue
84.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-129.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
URG
URG
Q3 25
$1.7M
$-15.0M
Q2 25
$-12.1M
Q4 24
$-71.9M
Q3 24
$-6.8M
Q2 24
$-11.3M
Q1 24
$-14.4M
Free Cash Flow
IPW
IPW
URG
URG
Q3 25
$-20.4M
Q2 25
$-17.2M
Q4 24
$-81.0M
Q3 24
$-10.7M
Q2 24
$-12.3M
Q1 24
$-15.2M
FCF Margin
IPW
IPW
URG
URG
Q3 25
-322.5%
Q2 25
-164.5%
Q4 24
-357.4%
Q3 24
-167.1%
Q2 24
-263.7%
Q1 24
Capex Intensity
IPW
IPW
URG
URG
Q3 25
84.5%
Q2 25
48.5%
Q4 24
39.9%
Q3 24
60.1%
Q2 24
21.7%
Q1 24

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%

URG
URG

Segment breakdown not available.

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