Independence Power Holdings, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Independence Power Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
FY2024
FY2025
FY2026
Revenue
0.01
0
0.02
97.2
Cost of revenue
0
0
0
2.5
Gross profit
0.01
0
0.02
94.7
Research and development
1.09
1.92
General and administrative
0.03
0.91
0.05
6.36
Operating expenses
2.76
8.97
Operating income
-2.76
-0.03
85.7
Interest expense
0.76
0.69
Pre-tax income
-0.02
-2.76
-0.03
86.8
Income tax
0
0
0
17.9
Net income
-0.02
-2.76
-0.03
68.9
EBITDA
-0.03
EPS, basic
-0.01
0.31
EPS, diluted
-0.01
-0.01
-0.01
0.31
Shares, diluted (weighted)
3.8
224
4.63
224
Balance sheet
FY2025
FY2024
FY2025
FY2026
Cash and equivalents
0.03
0.07
0.03
1.58
Receivables
0
Other current assets
0
0.23
0
0.28
Total current assets
0.03
0.3
0.03
24.6
Property, plant and equipment
0
0
0
0
Lease right-of-use assets
0
0.59
Intangible assets
0.3
Total assets
0.03
0.57
0.03
92.8
Accounts payable
0.21
0.53
Accrued liabilities
0.01
0.02
0.01
0.28
Deferred revenue
0.01
0
Total current liabilities
0.05
0.27
0.04
1.41
Total liabilities
0.05
0.27
0.04
19.4
Paid-in capital
0
3.03
0.03
10.4
Retained earnings
-0.02
-2.76
-0.05
63
Shareholders' equity
-0.02
0.29
-0.01
73.5
Total equity
-0.02
0.29
-0.01
73.5
Total liabilities and equity
0.03
0.57
0.03
92.8
Shares outstanding
3.8
5.95
Cash flow statement
FY2025
FY2024
FY2025
FY2026
Net income
-0.02
-2.76
-0.03
68.9
Depreciation and amortization
0
0
Change in payables
0.21
0.32
Cash from operations
0.03
-2.72
-0.03
-0.34
Capital expenditures
-0
0
Cash from investing
-0
-0.27
0
-0.03
Stock issued
0
0.03
Cash from financing
0
3.05
0.03
1.88
Exchange rate effect
0
0
Net change in cash
0.03
0.07
0
1.51
Free cash flow
0.03
-0.03
Interest paid
0
0
0
0
Income taxes paid
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. No valuation: we have no share price for this company.
Profitability
Metric
Value
How it is calculated
Gross margin
97.4%
Gross profit / revenue.
Operating margin
88.2%
Operating income / revenue.
Pre-tax margin
89.3%
Pre-tax income / revenue.
Net margin
70.9%
Net income / revenue.
Operating cash flow margin
-0.3%
Cash from operations / revenue.
Effective tax rate
20.7%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
93.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
74.2%
Net income / average total assets.
Return on invested capital (ROIC)
94.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
2.0%
Research and development expense / revenue.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
17.4x
Current assets / current liabilities.
Quick ratio
1.11x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.11x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.31
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.43
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
$0.33
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
What was Independence Power Holdings, Inc.'s revenue in fiscal 2026?
Independence Power Holdings, Inc. reported revenue of $97.2M for fiscal 2026, 439,216.1% higher than the year before.
Was Independence Power Holdings, Inc. profitable in fiscal 2026?
Yes. Net income was $68.9M, a net margin of 70.9%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.