iPower Inc. (NASDAQ: IPW) is an online retail and e-commerce services company that sells consumer home, pet, garden, outdoor, and electronics products through third-party marketplaces and its own websites. Revenue comes from transactional product sales, with Amazon Vendor, Amazon 3P, Walmart.com, TikTok, Temu, and proprietary sites such as simpledeluxe.com and Zenhydro.com as the primary sales channels. The company does not manufacture any products it sells; instead it sources from suppliers in the U.S. and Southeast Asia, with one supplier accounting for 14% of total purchases in the fiscal year ended June 30, 2025. iPower sells under its own brands, including iPower and Simple Deluxe, and also distributes third-party products. Residential gardeners and home goods consumers represent the largest portion of its customer base. Formed in Nevada in April 2018 and headquartered in California, iPower trades on the Nasdaq Capital Market under the symbol IPW and has not paid a cash dividend.

Revenue model

Transactional product sales through third-party online marketplaces (Amazon, Walmart.com, TikTok, Temu) and proprietary e-commerce websites. Almost all annual sales flow through Amazon and other third-party online platforms, per the 10-K filed 2025-10-09.

Products and services

Consumer home goods, pet products, garden and hydroponic gardening supplies, outdoor products, and consumer electronics sold under the iPower and Simple Deluxe house brands, as well as distributed third-party products. The company also provides value-added e-commerce services for third-party brands. Key websites include simpledeluxe.com and Zenhydro.com.

Customers and end markets

Residential gardeners and home goods consumers form the largest customer segment. Additional end markets include commercial and home cultivators growing specialty crops (including cannabis and hemp) and general home goods buyers. Customer base described as diverse, per the 10-K filed 2025-10-09.

Value-chain role

Asset-light online retailer and distributor. Purchases finished products from manufacturers and distributors; does not operate its own manufacturing. Owns warehouse and fulfillment infrastructure in the U.S. and uses third-party last-mile delivery partners. Co-engineers product designs with supply chain and manufacturing partners.

Geographic exposure

Primarily United States. The company references a network of U.S. warehouses and notes some international reach, but the 10-K filed 2025-10-09 does not provide a geographic revenue breakdown.

Source: SEC 10-K, filed 2025-10-09

Industry: Retail-Building Materials, Hardware, Garden Supply Peers: Amazon.com Inc Future Fintech Group Inc Legacy IMBDS, Inc. REMARK HOLDINGS, INC. Giftify Inc Starco Brands Inc Waitr Holdings Inc. ID Auto, Inc. Scientific Energy Inc