Tearsheet

Ispire Technology (ISPR)

Market Price (12/4/2025): $2.65 | Market Cap: $151.8 Mil
Sector: Consumer Staples | Industry: Tobacco

Ispire Technology (ISPR)

Market Price (12/4/2025): $2.65
Market Cap: $151.8 Mil
Sector: Consumer Staples
Industry: Tobacco

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%	Weak multi-year price returns 2Y Excs Rtn is -126%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -30%
1	Megatrend and thematic drivers Megatrends include Legalized & Regulated Cannabis Market. Themes include Cannabis Product Innovation.	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.74	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%, Rev Chg QQuarterly Revenue Change % is -23%
2			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29%

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
1	Megatrend and thematic drivers Megatrends include Legalized & Regulated Cannabis Market. Themes include Cannabis Product Innovation.
2	Weak multi-year price returns 2Y Excs Rtn is -126%
3	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.74
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -30%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%, Rev Chg QQuarterly Revenue Change % is -23%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$2.65	$5.03	$12.13
Market Cap CYE ($ Mil)	151.8	285.0	658.3	-
Total Debt ($ Mil)	6.3	7.1	3.4	3.9
Total Cash ($ Mil)	22.7	24.4	35.1	49.4
Enterprise Value ($ Mil)	135.4	292.1	661.7
Valuation Ratios
P/S TTM	1.2	2.2	4.4	0.0
P/EBIT TTM	-4.2	-7.6	-47.9	0.0
P/E TTM	-4.0	-7.3	-45.0	0.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0

	12/4/25	2024
Share Price CYE	$2.65	$5.03
Market Cap CYE ($ Mil)	151.8	285.0
Total Debt ($ Mil)	6.3	7.1
Total Cash ($ Mil)	22.7	24.4
Enterprise Value ($ Mil)	135.4	292.1
Valuation Ratios
P/S TTM	1.2	2.2
P/EBIT TTM	-4.2	-7.6
P/E TTM	-4.0	-7.3
Sector Ratios
P/S TTM (Sector)	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0
P/E TTM (Sector)	0.0	0.0

	ISPR	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.1
Rev Chg Q	-22.8%	7.1%
Rev Chg LTM	-20.1%	6.1%
Rev Chg 3Y Avg	-3.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-29.8%	18.8%
CFO/Rev LTM	-10.3%	20.5%
Net Inc Mgn	-31.1%	13.1%
VALUATION	LOW
P/S	1.2	3.2
P/CFO	-12.1	15.8
P/FCF	-10.8	20.5
P/E	-4.0	23.5
STABILITY	VERY GOOD
Debt/Equity	0.04	0.20
Cash/Assets	0.23	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Number of Issued Patents	Over 200	5222025	Link
Number of Patents Pending	Over 800	11202024	Link
Backlog	18000000	9162025	Link
Current Number of Production Lines in Malaysian Facility	6	5222025	Link
Planned Number of Production Lines in Malaysian Facility	80	5222025	Link

Recent
11/06/2025	Earnings Release	Rev: $30 Mil (A) vs. $32 Mil (E) EPS: -0.06 (A) vs. $-0.10 (E)
Upcoming
2/06/2026	Earnings Release	Rev: - EPS: -

ISPR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Ispire Technology (ISPR) experienced a significant stock decline, including a 31% plummet in the month leading up to November 4, 2025. Several factors contributed to this negative movement between August 31, 2025, and December 4, 2025.

1. Declining Revenue and Widened Losses for Fiscal Year 2025: Ispire Technology reported a revenue of $127.5 million for fiscal year 2025, a decrease from $151.9 million in the previous year. The company also reported a net loss of $39.2 million, or $0.69 per share, missing the anticipated earnings per share (EPS) of $0.18. This widened loss was largely due to increased operating expenses, including enhanced marketing efforts and credit loss provisions.

2. Strategic Pivot Away from the Cannabis Sector: The decline in revenue for fiscal year 2025 was primarily attributed to Ispire's strategic decision to shift its focus from the cannabis sector to the nicotine market. This pivot, while intended for long-term growth, initially resulted in reduced sales.

Stock Movement Drivers

Fundamental Drivers

The -9.3% change in ISPR stock from 9/3/2025 to 12/3/2025 was primarily driven by a -18.1% change in the company's Total Revenues ($ Mil).

	9032025	12032025	Change
Stock Price ($)	2.91	2.64	-9.28%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	144.70	118.51	-18.10%
P/S Multiple	1.15	1.28	11.30%
Shares Outstanding (Mil)	57.00	57.27	-0.47%
Cumulative Contribution			-9.28%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ISPR	-9.3%
Market (SPY)	6.2%	24.5%
Sector (XLP)	-2.2%	4.7%

Fundamental Drivers

The 6.9% change in ISPR stock from 6/4/2025 to 12/3/2025 was primarily driven by a 31.1% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	2.47	2.64	6.88%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	144.70	118.51	-18.10%
P/S Multiple	0.97	1.28	31.12%
Shares Outstanding (Mil)	57.00	57.27	-0.47%
Cumulative Contribution			6.88%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ISPR	6.9%
Market (SPY)	15.1%	24.4%
Sector (XLP)	-3.5%	11.4%

Fundamental Drivers

The -57.0% change in ISPR stock from 12/3/2024 to 12/3/2025 was primarily driven by a -45.5% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	6.14	2.64	-57.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	148.38	118.51	-20.13%
P/S Multiple	2.34	1.28	-45.52%
Shares Outstanding (Mil)	56.60	57.27	-1.19%
Cumulative Contribution			-57.01%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ISPR	-57.0%
Market (SPY)	14.3%	31.5%
Sector (XLP)	-2.8%	7.4%

Fundamental Drivers

null
null

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ISPR	-73.2%
Market (SPY)	53.2%	22.5%
Sector (XLP)	16.4%	0.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ISPR Return	-	-	-	-	-59%	-50%	-79%
Peers Return	8%	10%	-5%	11%	27%	13%	80%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ISPR Win Rate	-	-	-	62%	25%	40%
Peers Win Rate	40%	40%	38%	54%	57%	56%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ISPR Max Drawdown	-	-	-	-	-59%	-70%
Peers Max Drawdown	-29%	-6%	-16%	-7%	-22%	-19%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PM, MO, TPB, UVV, ISPR.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

ISPR has limited trading history. Below is the Consumer Staples sector ETF (XLP) in its place.

Unique Key	Event	XLP	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-17.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	21.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	682 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-24.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	33.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	154 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-16.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	19.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	404 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-33.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	50.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	605 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -17.5% during the 2022 Inflation Shock from a high on 4/20/2022. A -17.5% loss requires a 21.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ispire Technology (ISPR)

We are engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. We sell our tobacco products worldwide except for the People’s Republic of China and Russia. Although we sold tobacco products in the United States in the years ended June 30, 2021 and 2022, we are limited in the product we may sell and, because the sales did not justify the marketing and regulatory costs, we have ceased marketing tobacco vaping products in the United States. Our tobacco products are marketed under the Aspire brand name and are sold primarily through our distribution network. We currently sell our cannabis vaping hardware only in the United States, and we have recently commenced marketing activities in Canada and Europe, primarily in the European Union. All of our cannabis products are vaping hardware. Vaping refers to the practice of inhaling and exhaling the vapor produced by an electronic vaping device, and includes dabbing, which is the recreational inhalation of extremely concentrated tetrahydrocannabinol, the main psychotropic cannabinoid derived from the marijuana plant. Our cannabis products are marketed under the Ispire brand name, primarily on an ODM basis to other cannabis vapor companies. ODM generally involves the design and customization of core products to meet each brand’s unique image and needs, and our products are sold by our customers under their own brand names although they may also include our brand name on the products. Our products use our BDC (bottom dual coil) coil technology which uses bottom dual coils to provide much higher temperature and an expanded heating that achieves much greater flavor and vapor production. We believe that the use of our dual-coil technology enhances the flavor performance of e-liquid, and the hidden wick cotton with special designed wick holes can both extend the tank e-liquid capacity and improve the speed of wicking to increase the coil life. Our BVC (bottom vertical coil) coil represents a big technological breakthrough for us in coil technology with a vertical heating wire surrounded by the cotton. This design can enable the coil heating to provide uniform temperature from the tank, together with more efficient wicking. This new technology, which Shenzhen Yi Jia introduced in 2014, enables the coil to last longer while still giving users what we believe is the purest and cleanest taste from e-liquids. The BVC coils are still very popular for MTL (mouth to lung) vapors today. We bring a new coil technology to the tobacco vaping industry with the Cleito tank. The Cleito tank uses a revolutionary new coil design that replaces the standard chimney and, we believe, delivers maximized airflow. This design frees up even more restriction in the airflow by eliminating the need for a static chimney within the tank itself, which results in an expanded flavor profile and increased vapor production. Combined with a Clapton kanthal coil for maximum flavor, the Cleito tank delivers a rush of intense flavor and huge vapor with a broad profile. The simple top-fill design makes filling very easy, just unscrew the top cap to refill, more convenient, more enjoyable. Our Ispire cannabis vapor products use our patented Ducore™ (Dual Coil) technology for cannabis vaporizers. This technology enables users to create massive plumes of vape without burning the cannabis oil. These products incorporate our patented dual coil technology for what we believe is best-in-class airflow and taste, and our technology for eliminating the leakage of the oil from the unit, which overcomes a major disadvantage with many existing products At present, our products are manufactured and supplied by Shenzhen Yi Jia Technology Co., Limited, a Chinese company (“Shenzhen Yi Jia”), which is 95% owned by our chief executive officer and controlling stockholder, Tuanfang Liu. We are taking the initial steps toward the development of manufacturing operations in Vietnam and in California. Initially, our manufacturing operations will be primarily assembling from components that we purchase from other companies. Although we expect that we will commence these assembly operations in mid 2023, we cannot assure you that we will be able to meet this timetable or that we will be able to effectively and efficiently conduct such operations. Through our global distributor network of more than 150 distributors, we sell the Aspire brand of tobacco vaporizer technology products in more than 30 countries. The main markets for our tobacco products are Europe and the Asia Pacific region, which does not include the PRC. We are a Delaware corporation, organized on June 13, 2022. Aspire North America, a California limited liability company was formed on February 22, 2020, and 100% of its ownership was transferred to Aspire Global on September 23, 2020 and was transferred by Aspire Global to Ispire Technology on July 29, 2022. Aspire Science, a Hong Kong corporation, was incorporated on December 9, 2016 and 100% of its equity was transferred to us on July 29, 2022. Ispire International was organized on July 6, 2022. Aspire North America and Aspire Science are our operating companies. Our principal executive offices are located at 19700 Magellan Dr, Los Angeles, CA 90502.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Ispire Technology (ISPR):

Imagine it as a diversified Juul, manufacturing a broad range of vaping devices for both nicotine and cannabis, and also supplying technology and components to other vape brands.
It's like the Foxconn of the vaping world, specializing in manufacturing e-cigarettes and cannabis vaporizers for other companies, while also developing and selling its own popular brands like Aspire and Ispire.

AI Generated Analysis | Feedback

Cannabis Vaporization Hardware: Advanced vaporization devices and components designed for cannabis concentrates and oils.
Nicotine E-Vaporizer Hardware: Electronic vaping devices and related components for nicotine e-liquids.
ODM/OEM Services: Design, development, and manufacturing services provided to third-party brands in the vaporization industry.

AI Generated Analysis | Feedback

Ispire Technology (ISPR) operates with a mixed business model, serving both business-to-business (B2B) and business-to-consumer (B2C) markets.

For its cannabis vaping devices, Ispire primarily sells to other companies (B2B), specifically cannabis brands and extractors who then fill Ispire's devices with their cannabis extracts and sell the finished products to consumers. For its e-liquid vaping products, the company primarily operates in a B2C model, selling directly to consumers.

Based on the company's Form 10-K for the fiscal year ended June 30, 2023, the following B2B customers each accounted for approximately 11% of Ispire Technology's total revenue, making them major customers:

Green Dragon Cannabis, Inc.
Green Thumb Industries Inc. (Symbol: GTBIF on OTC Markets, GTI on CSE)

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Tuanfang Liu, Co-Chief Executive Officer and Chairman of the Board

Mr. Liu has served as the Chairman and Co-Chief Executive Officer of Ispire Technology Inc. He founded Shenzhen Yi Jia Technology Co., Limited in June 2010, where he has served as Chairman and is responsible for daily operations and research and development of e-cigarette and cannabis vaporizer technology products. He has also served as Chairman and Chief Executive Officer of Aspire Global Inc. since its inception. Mr. Liu possesses over 14 years of experience in the research and development of e-cigarette products and quality control management.

Michael Wang, Co-Chief Executive Officer

Mr. Wang was promoted to Co-Chief Executive Officer on August 7, 2023, having previously served as Chief Financial Officer since August 2020. He is an experienced CEO, COO, and President, with a background spanning technology and cannabis industries. From September 2018 to August 2020, he was President, COO, and then Co-CEO of The Pharm/Sunday Goods, a vertically integrated leader in the cannabis industry. Mr. Wang also served as President and COO of Onestop Commerce from 2013 to 2015, and as CEO from 2015 to 2018. Earlier in his career, he was Chief Operating and Fulfillment Officer and an investor in Zazzle from 2005 to 2012. He began his leadership career at Honeywell in 1992, becoming their youngest General Manager at 32. Mr. Wang holds an MBA in Finance and General Management from the University of Chicago’s Booth School of Business, and master’s degrees in Aerospace Engineering and Systems Engineering.

Jie "Jay" Yu, Chief Financial Officer and Principal Accounting Officer

Mr. Yu was appointed Chief Financial Officer on May 15, 2025, succeeding Jim McCormick. He has served as Ispire's Vice President of Finance since June 2023. Prior to joining Ispire, Mr. Yu held CFO positions at MTI Environmental Group from 2016 to 2018 and Luokung Technology Corp. from 2018 to 2023. His professional background also includes public accounting and audit roles at Crowe Horwath (Hong Kong) CPA and DA HUA CPA.

Steven P. Przybyla, Chief Legal Officer and Secretary

Mr. Przybyla has been the Company's Chief Legal Officer since September 2023. He brings 10 years of experience in the regulated cannabis industry and nearly five years in nicotine/tobacco product regulation. Previously, he served as General Counsel and Corporate Secretary of 22nd Century Group, Inc., where he was instrumental in securing the only Modified Risk Tobacco Product approval for a combustible cigarette ever authorized by the FDA. He has also contributed to building, scaling, and taking companies public, including Jushi, Inc.

John Patterson, Senior Vice President of International Nicotine

Mr. Patterson joined Ispire Technology in May 2024. He has over 25 years of experience in the tobacco and nicotine industries, holding significant roles at companies such as Altria, Philip Morris International, NJOY, and Juul Labs.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Ispire Technology (ISPR) operates in two primary markets: e-cigarettes and cannabis vaping products. The addressable market sizes for their main products and services are as follows:

E-cigarettes (under the Aspire brand): The global e-cigarette market was valued at approximately USD 31.89 billion in 2024 and is projected to reach USD 523.62 billion by 2034, demonstrating a compound annual growth rate (CAGR) of roughly 29.1% between 2025 and 2034. North America holds the largest market share for e-cigarettes and vape products.
Cannabis Vaping Products (under the Ispire brand): The worldwide market for cannabis vaping products is estimated to be approximately USD 10.5 billion by 2025, with the majority of this market concentrated in the U.S. and Canada. Cannabis vaping products are also estimated to represent a significant share of the broader cannabis/CBD derivatives market, valued at USD 14 billion in 2025, with an estimated CAGR of 42% from 2019–2025.

AI Generated Analysis | Feedback

Ispire Technology Inc. (ISPR) is positioned for future revenue growth driven by several strategic initiatives and product advancements over the next 2-3 years:

Strategic Pivot to the Nicotine Sector and High-Quality Customers: Ispire is undergoing a significant strategic shift, moving away from cannabis customers to focus on the nicotine sector and securing higher-quality, larger customers. This realignment is anticipated to lead to more sustainable and profitable long-term growth, with ongoing discussions for partnerships and licensing agreements with major nicotine companies for Ispire's proprietary G-Mesh technology.
Global Market Expansion and Distribution Networks: The company is aggressively expanding its global presence, particularly within the Middle East, North Africa (MENA) region, Europe, South Africa, and global duty-free markets. A key partnership with ANDS aims to commercialize the Hidden Hills Club nicotine brand across over 20 MENA markets and through more than 45 airports, cruise ships, airlines, and diplomatic facilities.
Launch and Growth of Innovative Product Lines: Ispire continues to introduce new products across both its cannabis and nicotine vaping portfolios. This includes the VLT pod system, designed for an enhanced, sustainable, and eco-friendly 510-thread cannabis vaping experience, and the Sprout™, an advanced all-in-one cannabis vapor device developed with Raw Garden focusing on purity and safety. Furthermore, the 30-year exclusive licensing agreement for the Hidden Hills Club nicotine portfolio is expected to see product launches in the UAE, South Africa, the UK, and EU markets. The Ispire ONE™ technology also aims to improve manufacturing efficiency and product quality for various vaping devices.
Expansion of Manufacturing Capacity in Malaysia: Ispire is substantially increasing its manufacturing capabilities at its Malaysian facility, with plans to expand from 6 to 80 production lines. This in-house manufacturing is projected to significantly improve gross margins by 15% to 20% by enabling the company to own its supply chain and production, serving both its own brands and third-party customers globally.
Advancement and Commercialization of Proprietary Technologies: The company is leveraging its advanced proprietary technologies, such as the G-Mesh coil technology which enhances puff count by approximately 70%, and the IKE Tech joint venture's blockchain-based age verification system. Efforts are underway to secure partnerships and licensing for G-Mesh technology with nicotine companies, and the IKE Tech system is gaining traction with regulators in Europe, Southeast Asia, and the Middle East, with plans to apply it across a wider range of products.

AI Generated Analysis | Feedback

Share Repurchases

Ispire Technology authorized a stock repurchase program on January 22, 2025, allowing for the repurchase of up to $10 million of its common stock over 24 months.
As of September 15, 2025, the company had repurchased 14,600 shares for $0.06 million under this program.

Share Issuance

Ispire Technology completed its initial public offering (IPO) on April 4, 2023, offering 6,000,000 shares of common stock.
In May 2023, the company raised approximately $8 million through a private placement of common stock.
In March 2024, Ispire Technology executed a secondary offering, selling 2,050,000 shares of common stock and raising approximately $10.6 million.

Outbound Investments

Ispire Technology formed a joint venture, Ike Tech, which developed a blockchain-based age verification technology for vaporizers.

Capital Expenditures

Ispire is investing in a manufacturing facility in Malaysia, with plans to expand from 6 to 80 production lines to increase gross margins and internal production capabilities.
Proceeds from a March 2024 secondary offering, totaling approximately $10.6 million, were designated for the establishment and operation of the Malaysian manufacturing facility, funding a joint venture, and general corporate purposes, including research and development.
Net cash used in investing activities for the first fiscal quarter of 2026 (ended September 30, 2025) was $140,000.

Better Bets than Ispire Technology (ISPR)

	ISPR	Better Performance than ISPR
Metric	Value	INDUSTRY: Tobacco
Rev Chg LTM	-20.1%	TPB (53.5%), PM (7.5%), UVV (3.0%), MO (-0.2%)
Op Mgn LTM	-29.8%	MO (59.0%), PM (37.1%), TPB (21.4%), UVV (8.3%)
CFO/Rev LTM	-10.3%	MO (43.8%), PM (28.8%), TPB (11.5%), UVV (6.8%)
FCF/Rev LTM	-11.5%	MO (43.1%), PM (25.3%), TPB (8.9%), UVV (5.3%)
Total Yield	-25.2%	MO (14.1%), UVV (13.7%), PM (6.8%), TPB (3.2%)
P/S	1.2	XXII (0.0), UVV (0.5), GNLN (0.7)
P/Op Inc	-4.2

	ISPR	Better Performance than ISPR
Metric	Value	SECTOR: Consumer Staples
Rev Chg LTM	-20.1%	COST (8.2%), PM (7.5%), WMT (4.2%), KO (2.8%), PG (1.2%)
Op Mgn LTM	-29.8%	PM (37.1%), KO (31.3%), PG (24.1%), WMT (4.2%), COST (3.8%)
CFO/Rev LTM	-10.3%	PM (28.8%), PG (22.3%), KO (16.0%), WMT (5.5%), COST (4.8%)
FCF/Rev LTM	-11.5%	PM (25.3%), PG (17.6%), KO (11.7%), COST (2.8%), WMT (2.0%)
Total Yield	-25.2%	KO (7.5%), PM (6.8%), PG (4.7%), WMT (3.6%), COST (2.2%)
P/S	1.2	KR (0.3), TGT (0.4), SYY (0.5), WMT (1.1), KHC (1.2)
P/Op Inc	-4.2

	ISPR	Better Performance than ISPR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-20.1%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Op Mgn LTM	-29.8%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	-10.3%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	-11.5%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	-25.2%	GOOGL (4.6%), MSFT (3.4%), AMZN (3.0%), AAPL (3.0%), NVDA (2.3%)
P/S	1.2	CVS (0.2), MCK (0.2), UNH (0.7), DELL (0.8), CMCSA (0.9)
P/Op Inc	-4.2

		Best Bets In Consumer Staples Sector
	ISPR
What You Pay
P/E	-4.0
P/EBIT	-4.2
What You Get
Rev Chg Q	-22.8%
Rev Chg LTM	-20.1%
Rev Chg 3Y Avg	�
FCF/Rev 3Y Avg	-11.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Ispire Technology Stock Jump Looks Great, But How Secure Is That Gain?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to ISPR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	3.1%	3.1%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.9%	-1.9%	-1.9%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	-5.3%	-5.3%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.5%	3.5%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.1%	2.1%	-5.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	3.1%	3.1%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.9%	-1.9%	-1.9%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	-5.3%	-5.3%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.5%	3.5%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.1%	2.1%	-5.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Ispire Technology

Peers to compare with:

Financials

	ISPR	PM	MO	TPB	UVV	Median
Name	Ispire T.	Philip M.	Altria	Turning .	Universal
Mkt Price	2.64	151.71	58.41	97.57	52.76	58.41
Mkt Cap	0.2	236.2	98.4	1.8	1.3	1.8
Rev LTM	119	39,992	20,259	436	2,987	2,987
Op Inc LTM	-35	14,819	11,961	93	249	249
FCF LTM	-14	10,123	8,728	39	157	157
FCF 3Y Avg	-15	9,267	8,710	53	79	79
CFO LTM	-12	11,526	8,876	50	202	202
CFO 3Y Avg	-13	10,679	8,887	60	139	139

Growth & Margins

	ISPR	PM	MO	TPB	UVV	Median
Name	Ispire T.	Philip M.	Altria	Turning .	Universal
Rev Chg LTM	-20.1%	7.5%	-0.2%	53.5%	3.0%	3.0%
Rev Chg 3Y Avg	-	8.0%	-0.9%	6.4%	7.9%	7.1%
Rev Chg Q	-22.8%	9.4%	0.2%	31.2%	6.1%	6.1%
QoQ Delta Rev Chg LTM	-7.0%	2.4%	0.1%	6.9%	1.5%	1.5%
Op Mgn LTM	-29.8%	37.1%	59.0%	21.4%	8.3%	21.4%
Op Mgn 3Y Avg	-15.1%	35.9%	57.1%	25.3%	8.2%	25.3%
QoQ Delta Op Mgn LTM	-0.1%	0.7%	1.7%	-0.2%	-0.5%	-0.1%
CFO/Rev LTM	-10.3%	28.8%	43.8%	11.5%	6.8%	11.5%
CFO/Rev 3Y Avg	-9.8%	28.7%	43.5%	18.4%	5.1%	18.4%
FCF/Rev LTM	-11.5%	25.3%	43.1%	8.9%	5.3%	8.9%
FCF/Rev 3Y Avg	-11.3%	24.9%	42.7%	16.4%	3.0%	16.4%

Valuation

	ISPR	PM	MO	TPB	UVV	Median
Name	Ispire T.	Philip M.	Altria	Turning .	Universal
Mkt Cap	0.2	236.2	98.4	1.8	1.3	1.8
P/S	1.2	6.3	5.5	4.1	0.5	4.1
P/EBIT	-4.2	16.5	9.5	18.0	5.6	9.5
P/E	-4.0	29.3	12.7	34.4	12.5	12.7
P/CFO	-12.0	21.9	12.5	35.9	6.9	12.5
Total Yield	-25.2%	6.8%	14.1%	3.2%	13.7%	6.8%
Dividend Yield	0.0%	3.3%	6.2%	0.3%	5.8%	3.3%
FCF Yield 3Y Avg	-5.3%	4.9%	9.8%	7.8%	6.7%	6.7%
D/E	0.0	0.2	0.2	0.2	0.9	0.2
Net D/E	-0.1	0.2	0.2	0.1	0.8	0.2

Returns

	ISPR	PM	MO	TPB	UVV	Median
Name	Ispire T.	Philip M.	Altria	Turning .	Universal
1M Rtn	54.4%	4.9%	3.1%	4.2%	3.9%	4.2%
3M Rtn	-9.3%	-6.2%	-10.9%	0.7%	-2.8%	-6.2%
6M Rtn	6.9%	-14.6%	1.8%	30.4%	-10.1%	1.8%
12M Rtn	-57.0%	21.4%	10.1%	61.7%	0.3%	10.1%
3Y Rtn	-	67.6%	56.1%	355.3%	10.7%	61.8%
1M Excs Rtn	54.4%	4.9%	3.1%	4.2%	4.0%	4.2%
3M Excs Rtn	-20.2%	-10.3%	-16.2%	-6.5%	-7.8%	-10.3%
6M Excs Rtn	-7.8%	-29.3%	-12.9%	15.7%	-24.8%	-12.9%
12M Excs Rtn	-70.6%	4.7%	-5.0%	44.7%	-15.3%	-5.0%
3Y Excs Rtn	-	6.2%	-8.1%	301.5%	-60.2%	-1.0%

Financials

Annual
Quarterly

$ Mil \| FY: 6/30	LTM	2025	2024	2023	2022	2021
Period End	9/30/2025	6/30/2025	6/30/2024	6/30/2023	6/30/2022	6/30/2021
Filing Date	11/6/2025	9/15/2025	9/27/2024	9/19/2023	4/5/2023	4/5/2023
Key Financials
Total Revenue	119	127	152	116	88	63
EBITDA	-33	-36	-12	-3	-1	4
Operating Income	-35	-38	-14	-4	-1	4
Net Income	-37	-39	-15	-6	-2	3
EPS	-0.65	-0.69	-0.27	-0.12	-0.04	0.06
Growth Rates
Total Revenue Growth	-20.1%	-16.1%	31.4%	31.2%	38.9%	-
EBITDA Growth	-102.8%	-192.2%	-258.4%	-303.0%	-121.3%	-
Operating Income Growth	-93.0%	-172.4%	-210.5%	-352.5%	-127.1%	-
Net Income Growth	-94.0%	-165.7%	-146.0%	-220.3%	-163.8%	-
Margins
EBITDA Margin	-27.8%	-27.9%	-8.0%	-2.9%	-1.0%	6.3%
Operating Income Margin	-29.8%	-29.7%	-9.1%	-3.9%	-1.1%	5.7%
Net Income Margin	-31.1%	-30.8%	-9.7%	-5.2%	-2.1%	4.6%
Cash & Debt
Total Cash	23	24	35	49	74	85
Total Debt	6	7	3	4	0	0
Net Debt / (Cash)	-16	-17	-32	-46	-74	-85
Cash Flows
Net Cash from Operations	-12	-7	-18	-8	-8	5
Free Cash from Operations	-14	-9	-21	-9	-8	5
Returns to Shareholders
Dividends	0	-0	-0	3	0	-0
Share Repurchases	-0	0	-0	-0	-0	-0

$ Mil \| FY: 6/30	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	9/15/2025	5/9/2025	2/7/2025	11/12/2024	9/27/2024	5/14/2024	2/20/2024	11/14/2023	9/19/2023	5/15/2023	4/5/2023
Key Financials Quarterly
Total Revenue	30	20	26	42	39	37	30	42	43	33	24	32
Ebitda	-2	-14	-10	-7	-5	-3	-5	-4	-1	0	-3	0
Operating Income	-3	-15	-11	-7	-5	-3	-6	-4	-1	-1	-3	0
Net Income	-3	-15	-11	-8	-6	-4	-6	-4	-1	-1	-2	-0
EPS	-0.06	-0.26	-0.19	-0.14	-0.10	-0.06	-0.11	-0.07	-0.02	-0.03	-0.04	-0.00
Key Financials TTM
Total Revenue TTM	119	127	145	149	148	152	147	141	132	116	105	100
Ebitda TTM	-33	-36	-24	-19	-16	-12	-9	-7	-3	-3	-5	-3
Operating Income TTM	-35	-38	-27	-22	-18	-14	-11	-8	-4	-4	-5	-4
Net Income TTM	-37	-39	-28	-23	-19	-15	-13	-9	-5	-6	-7	-5
Growth Rates Quarterly
Total Revenue Growth	-22.8%	-46.1%	-12.7%	0.3%	-8.2%	14.4%	24.4%	30.7%	59.1%	49.3%	26.9%	-
EBITDA Growth	54.7%	-405.7%	-91.0%	-90.7%	-726.0%	-1667.1%	-96.6%	-1255.3%	41.0%	109.4%	-225.0%	-
Operating Income Growth	48.8%	-325.6%	-87.2%	-87.7%	-499.2%	-291.1%	-110.3%	-1365.2%	27.7%	53.1%	-200.3%	-
Net Income Growth	41.8%	-321.5%	-83.2%	-100.4%	-317.0%	-135.3%	-153.8%	-2965.0%	33.0%	31.0%	-135.6%	-
Margins Quarterly
EBITDA Margin	-6.9%	-69.3%	-38.5%	-16.3%	-11.8%	-7.4%	-17.6%	-8.6%	-1.3%	0.5%	-11.1%	1.0%
Operating Income Margin	-8.9%	-72.7%	-40.4%	-17.6%	-13.4%	-9.2%	-18.8%	-9.4%	-2.0%	-2.7%	-11.1%	1.0%
Net Income Margin	-10.7%	-73.4%	-41.5%	-19.1%	-14.2%	-9.4%	-19.7%	-9.6%	-3.1%	-4.6%	-9.7%	-0.4%
Cash & Debt
Total Cash	23	24	24	34	38	35	39	27	35	49	34	84
Total Debt	6	7	8	3	3	3	4	4	5	4	5	4
Net Debt / (Cash)	-16	-17	-16	-32	-35	-32	-35	-23	-30	-46	-29	-81
Cash Flows Quarterly
FCF from Operations	-1	5	-12	-3	4	-1	3	-7	-13	-10	-7	6
Cash Flows TTM
FCF from Operations TTM	-12	-7	-13	2	-2	-18	-27	-37	-24	-8	18	9
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	-0	3	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-32.6%	-187.0%	-132.2%	-195.0%	-200.2%	-118.5%	-395.0%	-260.2%	-	-	-23.9%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-106.6%	-120.9%	-83.2%	-143.9%	-173.9%	-119.7%	-197.9%	-138.8%	-	-	-12.2%	-

Price Behavior

Price Behavior

Market Price	$2.64
Market Cap ($ Bil)	0.2
First Trading Date	04/04/2023
Distance from 52W High	-57.4%
	50 Days	200 Days
DMA Price	$2.22	$2.84
DMA Trend	down	down
Distance from DMA	19.0%	-7.1%
	3M	1YR
Volatility	95.3%	83.6%
Downside Capture	159.37	108.89
Upside Capture	69.54	10.94
Correlation (SPY)	22.4%	31.3%

ISPR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.14	1.81	1.77	1.99	1.33	0.21
Up Beta	8.48	3.20	4.39	3.28	2.16	0.03
Down Beta	-1.85	3.09	2.32	2.92	1.15	0.24
Up Capture	302%	73%	-4%	89%	5%	2%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	21	27	51	97	293
Down Capture	36%	123%	154%	145%	108%	83%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	20	30	66	138	350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

null

Based On 5-Year Data

null

Based On 10-Year Data

null

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	714,564
Short Interest: % Change Since 10312025	1.7%
Average Daily Volume	48,482
Days-to-Cover Short Interest	14.74
Basic Shares Quantity	57,273,184
Short % of Basic Shares	1.2%

Returns Analyses

	Title
0	Ispire Technology Stock Jump Looks Great, But How Secure Is That Gain?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	9152025	10-K 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	2072025	10-Q 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	9272024	10-K 6/30/2024
3312024	5142024	10-Q 3/31/2024
12312023	2202024	10-Q 12/31/2023
9302023	11142023	10-Q 9/30/2023
6302023	9192023	10-K 6/30/2023
3312023	5152023	10-Q 3/31/2023
6302022	4052023	424B1 6/30/2022
3312022	9192023	10-Q/A 3/31/2022

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Ispire Technology (ISPR)

Market Price (12/4/2025): $2.65 | Market Cap: $151.8 MilSector: Consumer Staples | Industry: Tobacco

Ispire Technology (ISPR)

Market Price (12/4/2025): $2.65Market Cap: $151.8 MilSector: Consumer StaplesIndustry: Tobacco

Valuation, Metrics & Events

ISPR Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Ispire Technology (ISPR)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Ispire Technology (ISPR)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Ispire Technology

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $2.65 | Market Cap: $151.8 Mil
Sector: Consumer Staples | Industry: Tobacco

Market Price (12/4/2025): $2.65
Market Cap: $151.8 Mil
Sector: Consumer Staples
Industry: Tobacco