iPower (IPW)
Market Price (5/29/2026): $4.27 | Market Cap: $0.8 MilSector: Consumer Discretionary | Industry: Broadline Retail
iPower (IPW)
Market Price (5/29/2026): $4.27Market Cap: $0.8 MilSector: Consumer DiscretionaryIndustry: Broadline Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -87% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Future of Agriculture. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. | Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -177% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 905% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -51%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -22%, Rev Chg QQuarterly Revenue Change % is -78% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1035% High stock price volatilityVol 12M is 121% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 115% Key risksIPW key risks include [1] potential Nasdaq delisting due to its low share price, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -87% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Future of Agriculture. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -177% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 905% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -51%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -22%, Rev Chg QQuarterly Revenue Change % is -78% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1035% |
| High stock price volatilityVol 12M is 121% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 115% |
| Key risksIPW key risks include [1] potential Nasdaq delisting due to its low share price, Show more. |
Qualitative Assessment
AI Analysis | Feedback
iPower (IPW) stock has lost about 90% since 1/31/2026 because of the following key factors:
1. Severe Financial Underperformance and Persistent Losses.
iPower reported a substantial decline in its financial results, contributing significantly to the stock's downtrend. For the fiscal second quarter of 2026, announced on February 20, 2026, revenue decreased by 40.6% quarter-over-quarter to $7.1 million, and the company posted a net loss of $1.2 million, or $(1.08) per share. Year-over-year, Q2 2026 revenue dropped 62.60%. In fiscal Q3 2026, ended March 31, 2026, revenue from continuing operations was $3.5 million, marking a 78.2% year-over-year decline from $16.0 million in the prior-year quarter. The company also reported a GAAP net loss of $(3.5) million, largely due to a $3.0 million non-cash goodwill impairment. Overall, nine-month revenue fell from $52.6 million to $18.5 million, with a net loss attributable to iPower of $5.18 million.
2. Strategic Pivot to Digital Assets and Crypto Infrastructure.
The company's strategic shift into the volatile digital asset and crypto infrastructure markets led to significant investor apprehension. An announcement on December 29, 2025, regarding a pivot into digital assets, including Bitcoin and Ethereum, caused the stock to tumble 18%. This was followed by a further 28.9% decline in stock price after the company expanded into crypto infrastructure hardware distribution on February 23, 2026. By March 31, 2026, iPower had purchased Bitcoin and Ethereum with a cost basis of $2.21 million, recognizing an unrealized loss of $544,173.
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Stock Movement Drivers
Fundamental Drivers
The -87.7% change in IPW stock from 1/31/2026 to 5/28/2026 was primarily driven by a -71.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5282026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.72 | 4.27 | -87.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 61 | 36 | -40.4% |
| P/S Multiple | 0.1 | 0.0 | -71.5% |
| Shares Outstanding (Mil) | 0 | 0 | -27.7% |
| Cumulative Contribution | -87.7% |
Market Drivers
1/31/2026 to 5/28/2026| Return | Correlation | |
|---|---|---|
| IPW | -87.7% | |
| Market (SPY) | 9.3% | 27.6% |
| Sector (XLY) | 0.9% | 19.0% |
Fundamental Drivers
The -95.6% change in IPW stock from 10/31/2025 to 5/28/2026 was primarily driven by a -88.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5282026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.80 | 4.27 | -95.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 68 | 36 | -46.5% |
| P/S Multiple | 0.2 | 0.0 | -88.6% |
| Shares Outstanding (Mil) | 0 | 0 | -27.8% |
| Cumulative Contribution | -95.6% |
Market Drivers
10/31/2025 to 5/28/2026| Return | Correlation | |
|---|---|---|
| IPW | -95.6% | |
| Market (SPY) | 11.3% | 17.8% |
| Sector (XLY) | 2.2% | 15.8% |
Fundamental Drivers
The -96.8% change in IPW stock from 4/30/2025 to 5/28/2026 was primarily driven by a -90.2% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5282026 | Change |
|---|---|---|---|
| Stock Price ($) | 134.88 | 4.27 | -96.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 81 | 36 | -55.3% |
| P/S Multiple | 0.2 | 0.0 | -90.2% |
| Shares Outstanding (Mil) | 0 | 0 | -27.9% |
| Cumulative Contribution | -96.8% |
Market Drivers
4/30/2025 to 5/28/2026| Return | Correlation | |
|---|---|---|
| IPW | -96.8% | |
| Market (SPY) | 37.6% | 20.4% |
| Sector (XLY) | 24.7% | 14.6% |
Fundamental Drivers
The -96.7% change in IPW stock from 4/30/2023 to 5/28/2026 was primarily driven by a -87.9% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5282026 | Change |
|---|---|---|---|
| Stock Price ($) | 129.60 | 4.27 | -96.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 90 | 36 | -59.9% |
| P/S Multiple | 0.2 | 0.0 | -87.9% |
| Shares Outstanding (Mil) | 0 | 0 | -31.8% |
| Cumulative Contribution | -96.7% |
Market Drivers
4/30/2023 to 5/28/2026| Return | Correlation | |
|---|---|---|
| IPW | -96.7% | |
| Market (SPY) | 88.5% | 10.6% |
| Sector (XLY) | 69.2% | 9.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IPW Return | -87% | -83% | 13% | 85% | -70% | -94% | -100% |
| Peers Return | -22% | -69% | 16% | -19% | 3% | -3% | -77% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| IPW Win Rate | 17% | 17% | 42% | 50% | 33% | 0% | |
| Peers Win Rate | 43% | 27% | 45% | 40% | 47% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| IPW Max Drawdown | -88% | -84% | -68% | -82% | -74% | -94% | |
| Peers Max Drawdown | -54% | -73% | -52% | -45% | -53% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GRWG, HYFM, SMG, CENT, W.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/28/2026 (YTD)
How Low Can It Go
| Event | IPW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.4% | -18.8% |
| % Gain to Breakeven | 43.8% | 23.1% |
| Time to Breakeven | 9 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -24.6% | -7.8% |
| % Gain to Breakeven | 32.5% | 8.5% |
| Time to Breakeven | 40 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.3% | -9.5% |
| % Gain to Breakeven | 79.6% | 10.5% |
| Time to Breakeven | 204 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -48.5% | -6.7% |
| % Gain to Breakeven | 94.3% | 7.1% |
| Time to Breakeven | 40 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -77.7% | -24.5% |
| % Gain to Breakeven | 349.0% | 32.4% |
| Time to Breakeven | 582 days | 427 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.3% | -12.2% |
| % Gain to Breakeven | 35.7% | 13.9% |
| Time to Breakeven | 90 days | 62 days |
In The Past
iPower's stock fell -30.4% during the 2025 US Tariff Shock. Such a loss loss requires a 43.8% gain to breakeven.
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| Event | IPW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.4% | -18.8% |
| % Gain to Breakeven | 43.8% | 23.1% |
| Time to Breakeven | 9 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -24.6% | -7.8% |
| % Gain to Breakeven | 32.5% | 8.5% |
| Time to Breakeven | 40 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.3% | -9.5% |
| % Gain to Breakeven | 79.6% | 10.5% |
| Time to Breakeven | 204 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -48.5% | -6.7% |
| % Gain to Breakeven | 94.3% | 7.1% |
| Time to Breakeven | 40 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -77.7% | -24.5% |
| % Gain to Breakeven | 349.0% | 32.4% |
| Time to Breakeven | 582 days | 427 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -26.3% | -12.2% |
| % Gain to Breakeven | 35.7% | 13.9% |
| Time to Breakeven | 90 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.7% | -17.9% |
| % Gain to Breakeven | 38.3% | 21.8% |
| Time to Breakeven | 911 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.9% | -15.4% |
| % Gain to Breakeven | 28.1% | 18.2% |
| Time to Breakeven | 127 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -48.4% | -53.4% |
| % Gain to Breakeven | 93.7% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
iPower's stock fell -30.4% during the 2025 US Tariff Shock. Such a loss loss requires a 43.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About iPower (IPW)
AI Analysis | Feedback
Analogy 1: Amazon for hydroponics and indoor growing equipment.
Analogy 2: Chewy for plant growers.
AI Analysis | Feedback
- Grow-light systems: Advanced lighting setups for indoor and greenhouse plant cultivation.
- Ventilation systems: Equipment designed to manage air circulation within growing environments.
- Activated carbon filters: Filters used for air purification and odor control.
- Nutrients: Essential supplements for promoting plant growth.
- Growing media: Substrates used to support plant roots.
- Hydroponic grow tents: Water-resistant enclosures for controlled indoor plant cultivation.
- Trimming machines: Devices utilized for processing harvested plant material.
- Pumps: Equipment for circulating water and nutrient solutions.
- Accessories for hydroponic gardening: Various tools and components supporting hydroponic operations.
- Other indoor and outdoor growing products: A general range of products for diverse plant cultivation needs.
AI Analysis | Feedback
iPower Inc. (IPW) primarily sells its hydroponics equipment and other indoor/outdoor growing products directly to individual consumers.
Here are the primary categories of customers that iPower serves:
- Dedicated Hydroponic and Indoor Plant Cultivators: These customers are individuals who are actively involved in hydroponic gardening or intensive indoor plant cultivation. This group includes hobbyists, enthusiasts, and small-scale home growers who utilize iPower's comprehensive range of products such as grow tents, advanced lighting systems, ventilation, nutrients, and growing media to create optimal environments for their plants. They are typically seeking specialized equipment for personal use or small-scale production.
- General Home Gardeners and DIY Enthusiasts: This category encompasses individuals who might not be exclusively focused on hydroponics but require specific components for their broader gardening projects (both indoor and outdoor) or other home utility and improvement tasks. They might purchase items like ventilation fans, water pumps, basic grow lights, or general accessories, often attracted by the value and versatility offered by brands like Simple Deluxe for various applications beyond dedicated hydroponic systems.
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Chenlong Tan, Co-Founder, Chairman, Chief Executive Officer, President, and Interim Chief Financial Officer
Chenlong Tan co-founded iPower Inc. in 2018 and has served as its Chief Executive Officer since April 2018. He also assumed the role of Interim Chief Financial Officer effective May 31, 2025, a position he previously held from January 2020 to January 2021. Prior to iPower Inc., Mr. Tan co-founded BizRight LLC in 2010, where he served as Chief Executive Officer and Chief Information Officer, developing the business to achieve $20 million in sales. From 2002 to 2010, he worked as a Solution Architect and Senior Software Engineer at various companies. He holds a B.Sc. with honors from the University of Auckland.
AI Analysis | Feedback
```htmlKey Risks to iPower (IPW)
- Strategic Restructuring and Operational Disruptions: iPower is undergoing a significant strategic overhaul, including a deliberate restructuring of its supply chain to primarily U.S.-based sourcing, vendor consolidation, and a new "Digital Asset Treasury strategy" involving crypto infrastructure. This transition has led to substantial revenue decline, reduced inventory availability, and operational disruptions in the near term. The company faces execution risks associated with these strategic shifts.
- Highly Competitive and Fragmented Market & Concentration Risk: iPower operates in a highly competitive and fragmented market for hydroponics equipment and consumer goods. It faces competition from numerous online retailers, specialized hydroponic suppliers, and large generalist e-commerce platforms such as Amazon, many of which possess greater financial resources and broader product portfolios. Furthermore, the company has a significant dependence on Amazon, which accounts for a large portion of its revenue, and historically, a single supplier for a substantial percentage of its purchases, creating concentration risks.
- Financial Instability and Liquidity Concerns: iPower has faced considerable financial challenges, marked by significant revenue declines, negative revenue growth over the past three years, and consistent net losses. The company's financial health indicators, such as its Altman Z-Score, suggest potential financial instability. There are also concerns regarding declining cash reserves and increased debt, including high-cost convertible notes linked to its new Digital Asset Treasury strategy, which could also lead to potential shareholder dilution.
AI Analysis | Feedback
The clear emerging threat for iPower (IPW) is the rise of **fully integrated, automated, and often AI-controlled indoor farming appliances or "smart grow systems."**
iPower's core business revolves around supplying individual components for hydroponic gardening, such as grow-light systems, ventilation systems, activated carbon filters, nutrients, grow tents, and pumps. However, an emerging trend is the development and increasing market penetration of all-in-one smart grow boxes or cabinets. These systems combine lighting, ventilation, nutrient delivery, environmental sensing, and often app-based control into a single, comprehensive unit.
This shift represents a move from a do-it-yourself, component-based approach to a plug-and-play, appliance-based solution. For a significant segment of iPower's target market (home and small-scale growers), these integrated systems could render the purchase of separate, modular hydroponics equipment redundant or less appealing, fundamentally disrupting demand for iPower's primary product offerings.
AI Analysis | Feedback
iPower Inc. (IPW) operates within several addressable markets in the United States for its hydroponics equipment and other indoor and outdoor growing products.
One of iPower's primary addressable markets is the U.S. Indoor Farming Market. This market, which encompasses controlled environment agriculture including hydroponics, was estimated at approximately USD 3.99 billion in 2023. It is projected to reach USD 4.40 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2030, reaching USD 8.64 billion by 2030. The hardware segment, which includes many of iPower's offerings like grow lights and ventilation systems, dominated this market with over 60.83% revenue share in 2023.
More specifically, for its hydroponics equipment, iPower addresses the U.S. Hydroponics Market. This market was valued at approximately USD 2.74 billion in 2023 and is projected to grow to USD 8.34 billion by 2032, exhibiting a CAGR of 13.16% from 2024 to 2032. Within the broader U.S. indoor farming market, the hydroponics segment held more than a 56% market share in 2023.
For its "other indoor and outdoor growing products," iPower's addressable market includes the broader U.S. Gardening Market. This market was valued at around USD 22 billion in 2024 and is projected to reach USD 27.4 billion by 2030, growing at a CAGR of approximately 4.5% during the forecast period (2025-2030).
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for iPower (IPW) over the next 2-3 years:
- Completion and Benefits of Supply Chain Restructuring and U.S.-based Sourcing: iPower has been undergoing a strategic supply chain restructuring, transitioning towards predominantly U.S.-based sourcing. While this initiative temporarily impacted inventory availability and sales volumes, management anticipates that its completion will lead to enhanced long-term supply chain reliability, improved operational control, and a more resilient operating model, ultimately supporting increased sales volumes.
- Continued Growth of SuperSuite Supply Chain Offerings: iPower's "SuperSuite" business, which provides integrated supply chain solutions, has shown consistent growth. It accounted for approximately 10% of total revenue in fiscal Q3 2024 and grew to about 20% of the total revenue mix by fiscal Q3 2025. This momentum is expected to continue, with the SuperSuite platform driving future revenue growth as the company leverages its infrastructure and data-driven capabilities to support partner scaling in e-commerce.
- Strategic Expansion into Crypto Infrastructure Hardware: A recent strategic development for iPower is its expansion into crypto infrastructure hardware. This new market entry and product offering represents a potential significant new revenue stream for the company in the coming years.
- Normalized Purchasing Cycles from Largest Channel Partner: In fiscal Q3 2024, iPower experienced stronger order volumes from its largest channel partner as this partner returned to a more normalized inventory position and purchasing cycle. Continued stability and growth in purchasing from this key channel partner are expected to contribute to iPower's revenue as the company continues to invest in its product catalog to meet demand.
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Share Repurchases
- iPower's Board of Directors authorized a first-ever share repurchase program of up to $2,000,000 on February 10, 2026, with unified support from all creditors.
- The program is expected to be implemented in the near future, subject to market conditions and regulations.
Share Issuance
- In February 2026, iPower filed a prospectus for the resale of up to 5,221,451 shares of common stock, convertible from $28,184,024 in Series A senior secured convertible notes.
- Effective October 27, 2025, the company implemented a 1-for-30 reverse stock split of its common stock.
- For the fiscal year ended June 30, 2025, an equity offering raised net proceeds of $4.54 million.
Inbound Investments
- ATW funds disclosed a 9.9% stake in iPower (IPW) through senior convertible debt on February 11, 2026.
- The company completed a convertible note financing on December 23, 2025.
- An equity offering generated net proceeds of $4.54 million during the fiscal year ended June 30, 2025.
Outbound Investments
- iPower completed its initial acquisitions under its Digital Asset Treasury (DAT) strategy on December 29, 2025, marking its first deployment of capital into digital assets.
- These initial digital asset purchases included approximately $1,325,400 for 15.1 Bitcoin (BTC) and approximately $883,600 for 301.1 Ethereum (ETH).
- The company has a 60% equity interest in GSM and a 40% equity interest in Box Harmony.
Capital Expenditures
- In the last 12 months, capital expenditures for iPower were approximately -$163,588.
- iPower reported $0 in capital expenditures in Q4 2024.
- The company's capital expenditures are generally low as it does not manufacture its own products, instead relying on supply chain and manufacturing partners for development work.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| iPower Earnings Notes | 12/16/2025 | |
| Would You Still Hold iPower Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.75 |
| Mkt Cap | 1.3 |
| Rev LTM | 1,664 |
| Op Inc LTM | 70 |
| FCF LTM | 141 |
| FCF 3Y Avg | 94 |
| CFO LTM | 165 |
| CFO 3Y Avg | 187 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.4% |
| Rev Chg 3Y Avg | -8.2% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 26.6% |
| Op Inc Chg 3Y Avg | 11.3% |
| Op Mgn LTM | -5.8% |
| Op Mgn 3Y Avg | -6.1% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 2.8% |
| CFO/Rev 3Y Avg | 4.2% |
| FCF/Rev LTM | 1.4% |
| FCF/Rev 3Y Avg | 2.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.3 |
| P/S | 0.7 |
| P/Op Inc | 3.6 |
| P/EBIT | -0.1 |
| P/E | -0.1 |
| P/CFO | 5.6 |
| Total Yield | -10.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 7.7% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.9% |
| 3M Rtn | -10.2% |
| 6M Rtn | -13.1% |
| 12M Rtn | 7.2% |
| 3Y Rtn | -22.3% |
| 1M Excs Rtn | -7.9% |
| 3M Excs Rtn | -19.6% |
| 6M Excs Rtn | -20.4% |
| 12M Excs Rtn | -22.0% |
| 3Y Excs Rtn | -106.6% |
Price Behavior
| Market Price | $4.27 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 07/25/2008 | |
| Distance from 52W High | -98.2% | |
| 50 Days | 200 Days | |
| DMA Price | $8.48 | $66.43 |
| DMA Trend | down | down |
| Distance from DMA | -49.6% | -93.6% |
| 3M | 1YR | |
| Volatility | 109.0% | 121.1% |
| Downside Capture | 474.89 | 431.51 |
| Upside Capture | -204.55 | -81.55 |
| Correlation (SPY) | 18.1% | 19.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.29 | 1.85 | 2.48 | 1.97 | 2.07 | 1.00 |
| Up Beta | 3.17 | 2.28 | 3.42 | 2.99 | 2.50 | 0.63 |
| Down Beta | 3.42 | 3.28 | 3.68 | 1.78 | 2.57 | 1.26 |
| Up Capture | -72% | -74% | -102% | -123% | -24% | 10% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 8 | 15 | 23 | 45 | 112 | 330 |
| Down Capture | 1411% | 310% | 365% | 284% | 203% | 110% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 14 | 28 | 41 | 79 | 139 | 404 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPW | |
|---|---|---|---|---|
| IPW | -96.2% | 120.8% | -2.09 | - |
| Sector ETF (XLY) | 13.5% | 18.0% | 0.56 | 14.1% |
| Equity (SPY) | 29.2% | 11.8% | 1.86 | 20.5% |
| Gold (GLD) | 35.7% | 26.7% | 1.12 | -0.3% |
| Commodities (DBC) | 40.2% | 18.8% | 1.66 | 2.3% |
| Real Estate (VNQ) | 13.3% | 13.0% | 0.70 | -0.7% |
| Bitcoin (BTCUSD) | -31.9% | 41.6% | -0.81 | 17.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPW | |
|---|---|---|---|---|
| IPW | -68.0% | 130.4% | -0.28 | - |
| Sector ETF (XLY) | 8.5% | 23.7% | 0.31 | 12.8% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 12.8% |
| Gold (GLD) | 18.6% | 18.0% | 0.84 | 3.6% |
| Commodities (DBC) | 10.6% | 19.4% | 0.43 | 2.1% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 8.6% |
| Bitcoin (BTCUSD) | 12.8% | 54.7% | 0.43 | 8.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPW | |
|---|---|---|---|---|
| IPW | -43.2% | 117.9% | -0.24 | - |
| Sector ETF (XLY) | 13.4% | 22.0% | 0.56 | 13.4% |
| Equity (SPY) | 15.8% | 17.9% | 0.75 | 13.6% |
| Gold (GLD) | 13.1% | 16.0% | 0.68 | 3.4% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 4.2% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 8.8% |
| Bitcoin (BTCUSD) | 66.5% | 66.9% | 1.06 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for MoreUpdated on 5292026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/20/2026 | -13.1% | -8.0% | |
| 2/20/2026 | -31.7% | -40.9% | -51.1% |
| 11/14/2025 | -2.5% | -3.6% | 1.6% |
| 5/15/2025 | -11.4% | -15.7% | 0.7% |
| 2/13/2025 | 4.8% | -17.0% | -24.7% |
| 11/14/2024 | -40.0% | -42.5% | -21.8% |
| 9/19/2024 | -21.0% | 1.2% | -3.7% |
| 5/14/2024 | 42.6% | 78.8% | 248.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 5 | 4 |
| # Negative | 14 | 15 | 15 |
| Median Positive | 12.4% | 13.4% | 31.4% |
| Median Negative | -12.3% | -15.7% | -21.8% |
| Max Positive | 42.6% | 78.8% | 248.5% |
| Max Negative | -40.0% | -42.5% | -51.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 10/09/2025 | 10-K |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 09/20/2024 | 10-K |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-Q |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 09/15/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q3 2026 Earnings Reported 5/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Sublease Income | 2.60 Mil | ||||||
| 2026 AI Infrastructure Investment | 3.00 Mil | ||||||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why. Last Updated: 5282026