iPower Inc. (Nasdaq: IPW) has authorized a $2 million share‑repurchase program, its first such program in company history, following a board vote on February 10 2026. The program allows the company to buy back shares up to the authorized amount, subject to market conditions and regulatory approval.
The move comes after a series of financial restructurings that saw iPower repay its asset‑backed lending facility with JPMorgan Chase Bank on December 7 2025 and secure a bridge loan at a 6.5 % interest rate to cover the repayment. The bridge loan also helped the company meet a covenant default on the facility, and the program has received unified support from all of iPower’s creditors, underscoring confidence in the company’s balance‑sheet recovery.
iPower’s fiscal 2025 results were challenging: revenue fell 23.15 % to $66.14 million and the company posted a net loss of $4.97 million, a sharp increase from the prior year’s loss. In the fourth quarter of 2025, revenue dropped from $19.5 million in the same quarter of fiscal 2024 to $11.5 million, and the company recorded a net loss of $2.8 million versus a $0.7 million profit in the prior year’s quarter. These figures illustrate the company’s ongoing revenue decline and profitability pressure.
Strategically, iPower is pivoting toward its SuperSuite platform—a supply‑chain and infrastructure solution for online retailers—and expanding its digital‑asset footprint. The company has been accumulating Bitcoin and Ethereum as part of a Digital Asset Treasury strategy and integrating these assets into its SuperSuite offering, positioning itself at the intersection of e‑commerce and blockchain technology.
CEO Lawrence Tan said the share‑repurchase authorization “underscores the progress we have made in strengthening our balance sheet and helps position the Company for disciplined, long‑term value creation.” He added that the combination of new capital, cost‑control measures, and the buyback authorization provides greater flexibility in capital allocation, signaling management’s confidence in the company’s future trajectory.
The program’s approval signals a shift toward returning value to shareholders, but it also reflects the company’s need to shore up its capital structure amid persistent losses. While the $2 million buyback is modest relative to the company’s market capitalization, it demonstrates a willingness to use excess cash to support share price and may set a precedent for future capital‑allocation decisions as iPower continues to navigate its financial and strategic transformation.
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