ISPR

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Ispire Technology Inc.

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Key Metrics

Previous Close: $1.34
52-Week Range: $1.01 – $3.87
Market Cap: $79.70M
P/E (TTM): —
EPS (TTM): -0.58
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -24.47%
Gross Margin: 12.81%
Operating Margin: -50.72%
Profit Margin: -34.58%
Current Ratio: 1.02
Debt/Equity: —
Total Debt: $4.14M
Free Cash Flow: $-19.71M
Revenue Growth: 32.50%
Earnings Growth: —
Enterprise Value: $64.51M

ISPR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$88.10M	$115.61M	$151.91M	$127.49M	$96.01M
Cost of Revenue	$74.79M	$94.83M	$122.13M	$104.84M	$83.72M
Gross Profit	$13.31M	$20.78M	$29.78M	$22.65M	$12.30M
Selling, General & Admin	$14.29M	$25.25M	$37.66M	$38.46M	$24.17M
Operating Expenses	$14.29M	$25.25M	$43.68M	$60.50M	$44.89M
Operating Income	-$988.67K	-$4.47M	-$13.89M	-$37.85M	-$32.59M
EBITDA	-$843.13K	-$3.40M	-$12.18M	-$35.58M	-$28.93M
Pretax Income	-$803.06K	-$4.76M	-$13.49M	-$38.04M	-$32.06M
Income Tax	$1.07M	$1.25M	$1.28M	$1.20M	$1.15M
Net Income	-$1.87M	-$6.00M	-$14.77M	-$39.24M	-$33.20M
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	FY2026
Cash & Equivalents	$74.48M	$40.30M	$35.07M	$24.35M	$19.33M
Receivables	$10.32M	$24.67M	$60.22M	$40.10M	$20.91M
Inventory	$14.58M	$7.47M	$6.37M	$6.65M	$3.13M
Current Assets	$99.45M	$84.81M	$102.57M	$72.91M	$45.43M
Total Assets	$100.74M	$90.40M	$122.64M	$102.22M	$64.28M
Current Liabilities	$88.97M	$55.85M	$85.99M	$72.54M	$44.63M
Long-Term Debt	—	—	—	$805.36K	—
Total Debt	$347.54K	$3.91M	$3.40M	$7.06M	$4.14M
Total Liabilities	$88.97M	$58.93M	$88.18M	$101.61M	$93.52M
Retained Earnings	$11.95M	$5.94M	-$8.83M	-$48.07M	-$81.27M
Shareholders' Equity	$11.77M	$31.47M	$34.46M	$604.69K	-$29.25M
Working Capital	$10.48M	$28.96M	$16.58M	$368.83K	$803.12K

ISPR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	-$7.56M	-$8.46M	-$18.30M	-$7.37M	-$569.42K
Capital Expenditure	-$121.52K	-$1.02M	-$3.14M	-$2.04M	-$755.14K
Free Cash Flow	-$7.68M	-$9.48M	-$21.45M	-$9.41M	-$1.32M
Depreciation & Amortisation	$145.54K	$1.08M	$1.72M	$2.27M	$2.75M
Stock-Based Compensation	—	$0.00	$6.38M	$5.62M	$3.49M
Investing Cash Flow	-$121.52K	-$10.15M	$2.99M	-$5.20M	-$3.08M
Financing Cash Flow	-$3.09M	-$15.57M	$10.08M	$1.85M	-$1.32M
Dividends Paid	-$469.63K	-$3.36M	$0.00	—	—
Share Repurchases	—	—	$0.00	-$60.49K	-$45.00K
Net Change in Cash	-$10.77M	-$34.18M	-$5.23M	-$10.72M	-$4.97M

ISPR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$26.19M	$20.14M	$30.35M	$20.29M	$18.69M	$26.69M
Cost of Revenue	$21.41M	$17.66M	$25.20M	$16.81M	$16.69M	$25.01M
Gross Profit	$4.78M	$2.48M	$5.15M	$3.47M	$1.99M	$1.69M
Selling, General & Admin	$9.26M	-$4.92M	$6.08M	$6.14M	$5.91M	$6.05M
Operating Expenses	$15.36M	$17.12M	$7.84M	$10.35M	$11.47M	$15.22M
Operating Income	-$10.59M	-$14.64M	-$2.70M	-$6.87M	-$9.48M	-$13.54M
EBITDA	-$10.07M	-$13.96M	-$2.10M	-$5.78M	-$8.57M	-$12.48M
Pretax Income	-$10.68M	-$14.68M	-$2.77M	-$6.50M	-$9.35M	-$13.44M
Income Tax	$176.99K	$109.93K	$486.07K	$106.59K	$177.41K	$377.32K
Net Income	-$10.86M	-$14.79M	-$3.26M	-$6.60M	-$9.52M	-$13.82M
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	Q2 2026
Cash & Equivalents	$23.52M	$24.35M	$22.66M	$17.57M	$18.03M	$19.33M
Receivables	$60.43M	$40.10M	$45.21M	$38.43M	$29.43M	$20.91M
Inventory	$7.83M	$6.65M	$6.16M	$5.04M	$5.48M	$3.13M
Current Assets	$94.03M	$72.91M	$75.13M	$63.65M	$55.74M	$45.43M
Total Assets	$115.73M	$102.22M	$96.45M	$84.40M	$75.91M	$64.28M
Current Liabilities	$96.18M	$72.54M	$65.81M	$60.19M	$54.85M	$44.63M
Long-Term Debt	$1.22M	$805.36K	$518.67K	$231.98K	—	—
Total Debt	$7.56M	$7.06M	$6.30M	$5.68M	$4.90M	$4.14M
Total Liabilities	$100.94M	$101.61M	$98.22M	$92.06M	$92.12M	$93.52M
Retained Earnings	-$33.28M	-$48.07M	-$51.32M	-$57.93M	-$67.45M	-$81.27M
Shareholders' Equity	$14.79M	$604.69K	-$1.77M	-$7.66M	-$16.20M	-$29.25M
Working Capital	-$2.15M	$368.83K	$9.31M	$3.46M	$888.87K	$803.12K

ISPR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$12.50M	$4.70M	-$1.18M	-$3.97M	$1.96M	$2.62M
Capital Expenditure	—	-$1.12M	-$140.04K	-$229.68K	-$403.70K	—
Free Cash Flow	-$12.32M	$3.58M	-$1.32M	-$4.20M	$1.55M	$2.64M
Depreciation & Amortisation	$570.67K	$679.21K	$561.15K	$612.23K	$690.63K	$887.83K
Stock-Based Compensation	$1.47M	$692.53K	$938.15K	$821.84K	$992.48K	$735.74K
Investing Cash Flow	-$585.48K	-$3.51M	-$140.04K	-$763.00K	-$1.17M	-$1.01M
Financing Cash Flow	$2.28M	-$425.71K	-$319.00K	-$364.00K	-$319.00K	-$319.00K
Share Repurchases	-$60.49K	$0.00	—	—	$0.00	$0.00
Net Change in Cash	-$10.80M	$760.61K	-$1.64M	-$5.09M	$468.32K	$1.30M

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.