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

USCB FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($22.2M vs $12.0M, roughly 1.8× iPower Inc.). On growth, USCB FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (14.7% 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.

USCB Financial Holdings, Inc. is a U.S.-headquartered bank holding company that offers comprehensive retail and commercial banking services, including deposit products, personal and business loans, wealth management, and digital banking tools. It primarily serves individual consumers, small and medium-sized enterprises, and local corporate clients across its operating regions in the United States, prioritizing personalized customer experiences and community-oriented financial services.

IPW vs USCB — Head-to-Head

Bigger by revenue
USCB
USCB
1.8× larger
USCB
$22.2M
$12.0M
IPW
Growing faster (revenue YoY)
USCB
USCB
+51.5% gap
USCB
14.7%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
USCB
USCB
Revenue
$12.0M
$22.2M
Net Profit
$1.4M
Gross Margin
40.0%
Operating Margin
-14.1%
14.7%
Net Margin
6.1%
Revenue YoY
-36.8%
14.7%
Net Profit YoY
-80.3%
EPS (diluted)
$-0.51

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
USCB
USCB
Q4 25
$22.2M
Q3 25
$12.0M
$25.0M
Q2 25
$24.4M
Q1 25
$22.8M
Q4 24
$23.0M
Q3 24
$21.5M
Q2 24
$20.5M
Q1 24
$17.6M
Net Profit
IPW
IPW
USCB
USCB
Q4 25
$1.4M
Q3 25
$8.9M
Q2 25
$8.1M
Q1 25
$7.7M
Q4 24
$6.9M
Q3 24
$6.9M
Q2 24
$6.2M
Q1 24
$4.6M
Gross Margin
IPW
IPW
USCB
USCB
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPW
IPW
USCB
USCB
Q4 25
14.7%
Q3 25
-14.1%
47.3%
Q2 25
44.0%
Q1 25
44.2%
Q4 24
39.6%
Q3 24
42.5%
Q2 24
39.8%
Q1 24
34.3%
Net Margin
IPW
IPW
USCB
USCB
Q4 25
6.1%
Q3 25
35.8%
Q2 25
33.4%
Q1 25
33.5%
Q4 24
30.0%
Q3 24
32.3%
Q2 24
30.3%
Q1 24
26.2%
EPS (diluted)
IPW
IPW
USCB
USCB
Q4 25
Q3 25
$-0.51
$0.45
Q2 25
Q1 25
Q4 24
Q3 24
$0.35
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
USCB
USCB
Cash + ST InvestmentsLiquidity on hand
$904.0K
$38.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$217.2M
Total Assets
$28.6M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
USCB
USCB
Q4 25
$38.5M
Q3 25
$904.0K
$56.8M
Q2 25
$54.8M
Q1 25
$98.0M
Q4 24
$77.0M
Q3 24
$38.5M
Q2 24
$77.3M
Q1 24
$126.5M
Stockholders' Equity
IPW
IPW
USCB
USCB
Q4 25
$217.2M
Q3 25
$17.9M
$209.1M
Q2 25
$231.6M
Q1 25
$225.1M
Q4 24
$215.4M
Q3 24
$213.9M
Q2 24
$201.0M
Q1 24
$195.0M
Total Assets
IPW
IPW
USCB
USCB
Q4 25
$2.8B
Q3 25
$28.6M
$2.8B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B

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
USCB
USCB
Operating Cash FlowLast quarter
$1.7M
$42.8M
Free Cash FlowOCF − Capex
$42.5M
FCF MarginFCF / Revenue
191.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
31.40×
TTM Free Cash FlowTrailing 4 quarters
$95.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
USCB
USCB
Q4 25
$42.8M
Q3 25
$1.7M
$20.1M
Q2 25
$18.0M
Q1 25
$14.6M
Q4 24
$34.8M
Q3 24
$11.3M
Q2 24
$18.3M
Q1 24
$8.1M
Free Cash Flow
IPW
IPW
USCB
USCB
Q4 25
$42.5M
Q3 25
$20.0M
Q2 25
$18.0M
Q1 25
$14.6M
Q4 24
$34.5M
Q3 24
$11.2M
Q2 24
$18.2M
Q1 24
$8.0M
FCF Margin
IPW
IPW
USCB
USCB
Q4 25
191.4%
Q3 25
80.3%
Q2 25
73.7%
Q1 25
63.9%
Q4 24
150.2%
Q3 24
52.2%
Q2 24
88.8%
Q1 24
45.4%
Capex Intensity
IPW
IPW
USCB
USCB
Q4 25
1.4%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
1.4%
Q3 24
0.4%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
IPW
IPW
USCB
USCB
Q4 25
31.40×
Q3 25
2.25×
Q2 25
2.22×
Q1 25
1.91×
Q4 24
5.05×
Q3 24
1.63×
Q2 24
2.95×
Q1 24
1.75×

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%

USCB
USCB

Segment breakdown not available.

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