iPower Inc. reported total revenue of $12.0 million for the fiscal first quarter ended September 30, 2025, compared to $19.0 million in the same period last year. Services income more than doubled to $1.5 million. Gross profit was $4.8 million, down from $8.5 million, with a gross margin of 40.0% versus 44.7% a year ago. The net loss attributable to iPower improved to $0.5 million, or $(0.51) per share, compared to a net loss of $2.1 million, or $(1.94) per share, in the prior-year quarter. Operating expenses decreased by 42% to $6.5 million, primarily due to personnel reductions and improved efficiencies. Cash and cash equivalents were $0.9 million at quarter end, with total debt reduced by 48% to $1.9 million. The company attributed the improvements to strategic cost optimization initiatives and a shift toward increased services income.