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Side-by-side financial comparison of iPower Inc. (IPW) and VisionWave Holdings, Inc. (VWAV). Click either name above to swap in a different company.
iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $10.0M, roughly 1.2× VisionWave Holdings, Inc.).
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.
CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...
IPW vs VWAV — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $10.0M |
| Net Profit | — | $-6.9M |
| Gross Margin | 40.0% | — |
| Operating Margin | -14.1% | -65.7% |
| Net Margin | — | -69.4% |
| Revenue YoY | -36.8% | — |
| Net Profit YoY | — | -1522.6% |
| EPS (diluted) | $-0.51 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $904.0K | $15.7K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.9M | $3.1M |
| Total Assets | $28.6M | $18.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.7K | ||
| Q3 25 | $904.0K | — |
| Q4 25 | — | $3.1M | ||
| Q3 25 | $17.9M | — |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $28.6M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-5.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $1.7M | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IPW
| Products | $10.5M | 87% |
| Services | $1.5M | 13% |
VWAV
Segment breakdown not available.
