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Ispire Technology Inc.

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Key Metrics

Previous Close: $1.50
52-Week Range: $1.01 – $3.87
Market Cap: $86.67M
P/E (TTM): —
EPS (TTM): -0.60
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -21.98%
Gross Margin: 14.63%
Operating Margin: -50.75%
Profit Margin: -38.20%
Current Ratio: 1.02
Debt/Equity: —
Total Debt: $4.90M
Free Cash Flow: $-25.35M
Revenue Growth: -28.70%
Earnings Growth: —
Enterprise Value: $73.54M

ISPR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$88.10M	$115.61M	$151.91M	$127.49M
Cost of Revenue	$74.79M	$94.83M	$122.13M	$104.84M
Gross Profit	$13.31M	$20.78M	$29.78M	$22.65M
Selling, General & Admin	$14.29M	$25.25M	$37.66M	$38.46M
Operating Expenses	$14.29M	$25.25M	$43.68M	$60.50M
Operating Income	-$988.67K	-$4.47M	-$13.89M	-$37.85M
EBITDA	-$843.13K	-$3.40M	-$12.18M	-$35.58M
Pretax Income	-$803.06K	-$4.76M	-$13.49M	-$38.04M
Income Tax	$1.07M	$1.25M	$1.28M	$1.20M
Net Income	-$1.87M	-$6.00M	-$14.77M	-$39.24M
Diluted EPS	-0.04	-0.12	-0.27	-0.69
Diluted Shares	52.70M	50.73M	54.81M	56.85M

ISPR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$74.48M	$40.30M	$35.07M	$24.35M
Receivables	$10.32M	$24.67M	$60.22M	$40.18M
Inventory	$14.58M	$7.47M	$6.37M	$6.65M
Current Assets	$99.45M	$84.81M	$102.57M	$72.91M
Total Assets	$100.74M	$90.40M	$122.64M	$102.22M
Current Liabilities	$88.97M	$55.85M	$85.99M	$72.54M
Long-Term Debt	—	—	—	$805.36K
Total Debt	$347.54K	$3.91M	$3.40M	$7.06M
Total Liabilities	$88.97M	$58.93M	$88.18M	$101.61M
Retained Earnings	$11.95M	$5.94M	-$8.83M	-$48.07M
Shareholders' Equity	$11.77M	$31.47M	$34.46M	$604.69K
Working Capital	$10.48M	$28.96M	$16.58M	$368.83K

ISPR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$7.56M	-$8.46M	-$18.30M	-$7.37M
Capital Expenditure	-$121.52K	-$1.02M	-$3.14M	-$2.04M
Free Cash Flow	-$7.68M	-$9.48M	-$21.45M	-$9.41M
Depreciation & Amortisation	$145.54K	$1.08M	$1.72M	$2.27M
Stock-Based Compensation	—	$0.00	$6.38M	$5.62M
Investing Cash Flow	-$121.52K	-$10.15M	$2.99M	-$5.20M
Financing Cash Flow	-$3.09M	-$15.57M	$10.08M	$1.85M
Dividends Paid	-$469.63K	-$3.36M	$0.00	—
Share Repurchases	—	—	$0.00	-$60.49K
Net Change in Cash	-$10.77M	-$34.18M	-$5.23M	-$10.72M

ISPR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$26.19M	$20.14M	$30.35M	$20.29M	$18.69M
Cost of Revenue	$21.41M	$17.66M	$25.20M	$16.81M	$16.69M
Gross Profit	$4.78M	$2.48M	$5.15M	$3.47M	$1.99M
Selling, General & Admin	$9.26M	-$4.92M	$6.08M	$6.14M	$5.91M
Operating Expenses	$15.36M	$17.12M	$7.84M	$10.35M	$11.47M
Operating Income	-$10.59M	-$14.64M	-$2.70M	-$6.87M	-$9.48M
EBITDA	-$10.07M	-$13.96M	-$2.10M	-$5.78M	-$8.57M
Pretax Income	-$10.68M	-$14.68M	-$2.77M	-$6.50M	-$9.35M
Income Tax	$176.99K	$109.93K	$486.07K	$106.59K	$177.41K
Net Income	-$10.86M	-$14.79M	-$3.26M	-$6.60M	-$9.52M
Diluted EPS	-0.19	—	-0.06	-0.12	-0.17
Diluted Shares	57.00M	—	57.27M	57.26M	57.29M

ISPR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$23.52M	$24.35M	$22.66M	$17.57M	$18.03M
Receivables	$60.43M	$40.18M	$45.21M	$38.43M	$29.43M
Inventory	$7.83M	$6.65M	$6.16M	$5.04M	$5.48M
Current Assets	$94.03M	$72.91M	$75.13M	$63.65M	$55.74M
Total Assets	$115.73M	$102.22M	$96.45M	$84.40M	$75.91M
Current Liabilities	$96.18M	$72.54M	$65.81M	$60.19M	$54.85M
Long-Term Debt	$1.22M	$805.36K	$518.67K	$231.98K	—
Total Debt	$7.56M	$7.06M	$6.30M	$5.68M	$4.90M
Total Liabilities	$100.94M	$101.61M	$98.22M	$92.06M	$92.12M
Retained Earnings	-$33.28M	-$48.07M	-$51.32M	-$57.93M	-$67.45M
Shareholders' Equity	$14.79M	$604.69K	-$1.77M	-$7.66M	-$16.20M
Working Capital	-$2.15M	$368.83K	$9.31M	$3.46M	$888.87K

ISPR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$12.50M	$4.70M	-$1.18M	-$3.97M	$1.96M
Capital Expenditure	—	-$1.12M	-$140.04K	-$229.68K	-$403.70K
Free Cash Flow	-$12.32M	$3.58M	-$1.32M	-$4.20M	$1.55M
Depreciation & Amortisation	$570.67K	$679.21K	$561.15K	$612.23K	$690.63K
Stock-Based Compensation	$1.47M	$692.53K	$938.15K	$821.84K	$992.48K
Investing Cash Flow	-$585.48K	-$3.51M	-$140.04K	-$763.00K	-$1.17M
Financing Cash Flow	$2.28M	-$425.71K	-$319.00K	-$364.00K	-$319.00K
Share Repurchases	-$60.49K	$0.00	—	—	$0.00
Net Change in Cash	-$10.80M	$760.61K	-$1.64M	-$5.09M	$468.32K

Market Snapshot

About

Ispire Technology is a designer and manufacturer of branded cannabis vaping hardware and vaporization technology. The company develops innovative vaping devices and systems for the global cannabis industry, serving both consumer brands and cultivators. Ispire's product portfolio includes disposable vapes, rechargeable vaporizers, and vaping hardware solutions. The company focuses on proprietary heating technologies designed to provide consistent user experiences while prioritizing safety and quality. Ispire serves clients in legal cannabis markets across North America and other regions where cannabis products are regulated and permitted.