Ispire Technology Inc. reported revenue of $30.4 million for the first quarter of fiscal 2026, a decrease of 22.8% from $39.3 million in the same period last year. Gross profit was $5.1 million compared to $7.7 million the previous year, with gross margin declining to 17.0% from 19.5%. Total operating expenses fell by 39% to $7.8 million from $12.9 million. The company reported a net loss of $3.3 million, an improvement from the $5.6 million net loss in the prior year. Cash and cash equivalents stood at $22.7 million as of September 30, 2025, and net accounts receivable were reduced to $44.5 million from $62.4 million. The company attributed the revenue decrease to lower product sales in the United States and reduced vaping product sales in Asia Pacific, Europe, and South Africa, and noted a strategic focus on higher-quality customers.