What is Ispire Technology's operating income?

Ispire Technology's total operating income in 2025 was -$37.85 million, based on the following breakdown: Total Gross Profit: $22.65 million Total Operating Expenses: $38.46 million

Ispire Technology (ISPR) Financials

$1.75 -0.13 (-6.91%)

Closing price 07/17/2026 04:00 PM Eastern

Extended Trading

$1.58 -0.17 (-9.60%)

As of 07/17/2026 07:57 PM Eastern

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Annual Income Statements for Ispire Technology

This table shows Ispire Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-1.87	-6.00	-15	-39
Consolidated Net Income / (Loss)	-1.81	-6.00	-15	-39
Net Income / (Loss) Continuing Operations	-1.81	-6.00	-15	-39
Total Pre-Tax Income	-0.80	-4.76	-13	-38
Total Operating Income	-0.99	-4.47	-14	-38
Total Gross Profit	13	21	30	23
Total Revenue	88	116	152	127
Operating Revenue	88	116	152	127
Total Cost of Revenue	75	95	128	127
Operating Cost of Revenue	75	95	122	105
Other Cost of Revenue	-	-	6.02	22
Total Operating Expenses	14	25	38	38
Selling, General & Admin Expense	8.79	21	31	30
Marketing Expense	5.50	4.42	6.61	8.44
Total Other Income / (Expense), net	0.12	-0.28	0.41	-0.19
Interest & Investment Income	0.01	0.20	0.37	0.09
Other Income / (Expense), net	0.24	-0.48	0.04	-0.27
Income Tax Expense	1.07	1.25	1.28	1.20
Basic Earnings per Share	($0.04)	($0.12)	($0.27)	($0.69)
Weighted Average Basic Shares Outstanding	50M	50.73M	54.81M	56.85M
Diluted Earnings per Share	-	-	($0.27)	($0.69)
Weighted Average Diluted Shares Outstanding	-	54.86M	54.81M	56.85M
Weighted Average Basic & Diluted Shares Outstanding	-	54.86M	56.64M	57.28M

This table shows Ispire Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.34	-3.99	-5.93	-3.55	-5.60	-8.00	-11	-15	-3.26	-6.60	-9.52
Consolidated Net Income / (Loss)	-1.34	-3.99	-5.93	-3.42	-5.60	-8.00	-11	-15	-3.26	-6.60	-9.52
Net Income / (Loss) Continuing Operations	-1.34	-3.99	-5.93	-3.42	-5.60	-8.00	-11	-15	-3.26	-6.60	-9.52
Total Pre-Tax Income	-0.85	-3.64	-5.67	-3.24	-5.14	-7.54	-11	-15	-2.77	-6.50	-9.35
Total Operating Income	-0.88	-3.92	-5.66	-3.35	-5.26	-7.36	-11	-15	-2.70	-6.87	-9.48
Total Gross Profit	6.84	6.25	6.12	10	7.67	7.72	4.78	2.48	5.15	3.47	1.99
Total Revenue	43	42	30	37	39	42	26	20	30	20	19
Operating Revenue	43	42	30	37	39	42	26	20	30	20	19
Total Cost of Revenue	36	35	24	27	35	38	21	40	27	21	22
Operating Cost of Revenue	36	35	24	27	32	34	21	18	25	17	17
Other Cost of Revenue	-	-	-	-	3.10	4.18	-	-	1.76	4.21	5.56
Total Operating Expenses	7.72	10	12	14	9.84	11	15	-4.92	6.08	6.14	5.91
Selling, General & Admin Expense	6.70	8.78	10	11	6.84	8.84	7.60	-6.65	4.51	4.66	4.82
Marketing Expense	1.03	1.39	1.75	2.27	2.99	2.06	1.66	1.73	1.56	1.48	1.09
Total Other Income / (Expense), net	0.03	0.28	-0.01	0.11	0.12	-0.18	-0.19	-0.04	-0.08	0.38	0.14
Interest Expense	-	-	-	-	0.01	0.01	0.04	-	0.11	0.10	0.09
Interest & Investment Income	0.07	0.20	0.03	0.07	0.00	0.06	0.00	0.06	0.10	0.10	0.05
Other Income / (Expense), net	-0.04	0.08	-0.04	0.04	0.14	-0.23	-0.16	-0.10	-0.06	0.37	0.17
Income Tax Expense	0.50	0.35	0.26	0.18	0.46	0.46	0.18	0.11	0.49	0.11	0.18
Basic Earnings per Share	($0.02)	($0.07)	($0.11)	($0.06)	($0.10)	($0.14)	($0.19)	($0.26)	($0.06)	($0.12)	($0.17)
Weighted Average Basic Shares Outstanding	54.25M	54.27M	54.35M	54.81M	56.60M	56.66M	57.00M	56.85M	57.27M	57.26M	57.29M
Diluted Earnings per Share	($0.02)	($0.07)	($0.11)	-	($0.10)	($0.14)	($0.19)	($0.26)	($0.06)	($0.12)	($0.17)
Weighted Average Diluted Shares Outstanding	54.25M	54.27M	54.35M	56.64M	56.60M	56.66M	57.00M	56.85M	57.27M	57.26M	57.29M
Weighted Average Basic & Diluted Shares Outstanding	54.27M	54.28M	56.40M	56.64M	-	-	-	57.28M	57.29M	57.29M	57.40M

This table details how cash moves in and out of Ispire Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-11	-34	-5.23	-11
Net Cash From Operating Activities	-7.56	-8.46	-18	-7.37
Net Cash From Continuing Operating Activities	-7.56	-8.46	-18	-7.37
Net Income / (Loss) Continuing Operations	-1.87	-6.00	-15	-39
Consolidated Net Income / (Loss)	-1.87	-6.00	-15	-39
Depreciation Expense	0.15	0.05	0.51	0.81
Amortization Expense	-	1.03	1.21	1.50
Non-Cash Adjustments To Reconcile Net Income	0.00	3.33	13	29
Changes in Operating Assets and Liabilities, net	-5.83	-6.86	-18	0.26
Net Cash From Investing Activities	-0.12	-10	2.99	-5.20
Net Cash From Continuing Investing Activities	-0.12	-10	2.99	-5.20
Purchase of Property, Plant & Equipment	-0.12	-1.02	-1.97	-1.10
Acquisitions	-	0.00	-2.17	-4.10
Purchase of Investments	0.00	-9.13	-2.00	0.00
Sale and/or Maturity of Investments	-	0.00	9.13	0.00
Net Cash From Financing Activities	-3.09	-16	10	1.85
Net Cash From Continuing Financing Activities	-3.09	-16	10	1.85
Repayment of Debt	-2.62	-38	-0.70	-0.17
Repurchase of Common Equity	-	-	0.00	-0.06
Issuance of Debt	-	-	0.00	2.08
Issuance of Common Equity	0.00	29	11	0.00
Cash Interest Paid	0.00	0.00	0.02	0.15
Cash Income Taxes Paid	-0.07	1.66	1.36	1.53

This table details how cash moves in and out of Ispire Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-15	-8.18	22	-4.38	2.68	-3.36	-11	0.76	-1.64	-5.09	0.47
Net Cash From Operating Activities	-13	-7.11	3.35	-1.42	3.61	-3.18	-12	4.70	-1.18	-3.97	1.96
Net Cash From Continuing Operating Activities	-13	-7.11	3.35	-1.42	3.61	-3.18	-12	4.70	-1.18	-3.97	1.96
Net Income / (Loss) Continuing Operations	-1.34	-3.99	-5.93	-3.42	-5.60	-8.00	-11	-15	-3.26	-6.60	-9.52
Consolidated Net Income / (Loss)	-1.34	-3.99	-5.93	-3.42	-5.60	-8.00	-11	-15	-3.26	-6.60	-9.52
Depreciation Expense	0.03	0.05	0.06	0.37	0.20	0.19	0.20	0.22	0.25	0.23	0.21
Amortization Expense	0.29	0.29	0.32	-	0.28	0.35	0.37	0.50	0.34	0.42	0.51
Non-Cash Adjustments To Reconcile Net Income	1.19	3.91	3.07	4.54	5.26	5.73	7.80	10	3.33	6.33	7.70
Changes in Operating Assets and Liabilities, net	-13	-7.37	5.83	-4.12	3.46	-1.45	-10	8.27	-1.84	-4.34	3.06
Net Cash From Investing Activities	-0.79	-1.07	7.81	-2.96	-0.93	-0.18	-0.59	-3.51	-0.14	-0.76	-1.17
Net Cash From Continuing Investing Activities	-0.79	-1.07	7.81	-2.96	-0.93	-0.18	-0.59	-3.51	-0.14	-0.76	-1.17
Purchase of Property, Plant & Equipment	-0.53	-0.60	-0.08	-0.76	-0.27	-0.05	0.18	-0.96	-0.01	-0.07	-0.25
Acquisitions	-0.26	-0.48	-0.25	-3.19	-0.66	-0.12	-	-3.32	-0.13	-0.16	-0.16
Purchase of Investments	-	-	-	1.00	-	-	-0.77	0.77	-	-	-0.77
Net Cash From Financing Activities	-0.70	0.00	11	-0.00	0.00	-	2.28	-0.43	-0.32	-0.36	-0.32
Net Cash From Continuing Financing Activities	-0.70	0.00	11	-0.00	0.00	-	2.28	-0.43	-0.32	-0.36	-0.32
Repayment of Debt	-0.70	0.00	-	-0.00	0.00	-	-	-0.17	-0.32	-0.32	-0.32
Cash Interest Paid	0.00	0.00	0.00	0.01	0.01	0.01	0.04	0.09	0.11	0.10	0.09
Cash Income Taxes Paid	0.00	1.36	-	-	0.04	1.37	-	0.12	0.00	1.61	0.00

This table presents Ispire Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	101	90	123	102
Total Current Assets	99	85	103	73
Cash & Equivalents	74	40	35	24
Restricted Cash	-	-	-	0.00
Accounts Receivable	8.26	25	60	40
Inventories, net	15	7.47	6.37	6.65
Prepaid Expenses	0.19	3.38	1.40	2.24
Plant, Property, & Equipment, net	0.11	1.09	2.58	2.95
Total Noncurrent Assets	2.46	14	17	26
Long-Term Investments	-	9.13	12	12
Noncurrent Note & Lease Receivables	-	-	0.00	7.37
Intangible Assets	-	0.00	1.38	2.23
Other Noncurrent Operating Assets	2.46	4.50	3.86	5.24
Total Liabilities & Shareholders' Equity	101	90	123	102
Total Liabilities	89	59	88	102
Total Current Liabilities	89	56	86	73
Short-Term Debt	-	-	0.00	1.15
Accounts Payable	42	53	3.78	4.17
Accrued Expenses	0.16	0.28	12	8.10
Other Current Liabilities	41	2.54	70	59
Total Noncurrent Liabilities	0.00	3.07	2.19	29
Long-Term Debt	-	-	-	0.81
Capital Lease Obligations	-	-	2.19	3.27
Other Noncurrent Operating Liabilities	0.00	3.07	0.00	25
Commitments & Contingencies	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12	31	34	0.60
Total Preferred & Common Equity	12	31	34	0.60
Total Common Equity	12	31	34	0.60
Common Stock	0.01	26	43	49
Retained Earnings	12	5.94	-8.83	-48
Treasury Stock	-	-	0.00	-0.06
Accumulated Other Comprehensive Income / (Loss)	-0.18	-0.16	0.06	-0.11

This table presents Ispire Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	88	91	108	129	132	116	96	84	76
Total Current Assets	82	83	99	109	112	94	75	64	56
Cash & Equivalents	26	18	39	38	34	24	23	18	18
Restricted Cash	-	-	-	0.02	0.02	0.07	0.05	0.05	0.05
Accounts Receivable	39	45	48	62	68	60	45	38	29
Inventories, net	5.61	7.55	9.81	6.99	7.90	7.83	6.16	5.04	5.48
Prepaid Expenses	1.96	3.18	1.65	1.41	2.32	2.18	1.73	3.12	3.52
Plant, Property, & Equipment, net	1.59	2.15	2.17	2.66	2.37	2.19	2.73	2.60	2.67
Total Noncurrent Assets	12	22	7.33	18	17	20	19	18	18
Long-Term Investments	-	9.32	2.00	12	12	12	11	11	11
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	0.00	0.00	0.00
Intangible Assets	0.26	0.73	0.97	2.02	2.12	2.10	2.34	2.47	2.60
Other Noncurrent Operating Assets	12	12	4.36	3.59	3.17	5.57	4.93	4.55	4.07
Total Liabilities & Shareholders' Equity	88	91	108	129	132	116	96	84	76
Total Liabilities	57	62	72	98	108	101	98	92	92
Total Current Liabilities	54	59	70	96	106	96	66	60	55
Short-Term Debt	-	-	-	-	-	1.12	1.15	1.15	1.09
Accounts Payable	51	56	67	4.34	5.16	4.67	4.65	3.14	5.01
Accrued Expenses	0.27	-	-	12	12	10	7.58	6.82	6.00
Other Current Liabilities	2.50	1.24	2.60	79	90	80	52	49	43
Total Noncurrent Liabilities	3.39	3.07	2.73	1.87	1.57	4.77	32	32	37
Long-Term Debt	-	-	-	-	-	1.22	0.52	0.23	0.00
Capital Lease Obligations	3.39	-	2.73	-	-	3.55	2.88	2.64	2.27
Other Noncurrent Operating Liabilities	-	3.07	-	1.87	1.57	-	29	29	35
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	31	29	36	31	24	15	-1.77	-7.66	-16
Total Preferred & Common Equity	31	29	36	31	24	15	-1.77	-7.66	-16
Total Common Equity	31	29	36	31	24	15	-1.77	-7.66	-16
Common Stock	26	29	41	45	47	48	50	51	52
Retained Earnings	4.47	0.45	-5.50	-14	-22	-33	-51	-58	-67
Treasury Stock	-	-	-	-	-	-0.06	-0.11	-0.11	-0.06
Accumulated Other Comprehensive Income / (Loss)	-0.12	-0.00	0.01	-0.10	-0.02	-0.03	-0.12	-0.23	-0.24

This table displays calculated financial ratios and metrics derived from Ispire Technology's official financial filings.

Metric	2022	2023	2024	2025
Period end date	6/30/2022	6/30/2023	6/30/2024	6/30/2025
DEI Shares Outstanding	0.00	53,105,000.00	-	54,279,396.00
DEI Adjusted Shares Outstanding	0.00	53,105,000.00	-	54,279,396.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.11	-	-0.72
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	31.23%	31.40%	-16.07%
EBITDA Growth	0.00%	-546.81%	-212.98%	-195.15%
EBIT Growth	0.00%	-564.98%	-179.62%	-175.24%
NOPAT Growth	0.00%	-352.54%	-210.54%	-172.42%
Net Income Growth	0.00%	-231.52%	-145.98%	-165.71%
EPS Growth	0.00%	0.00%	0.00%	-155.56%
Operating Cash Flow Growth	0.00%	-11.89%	-116.45%	59.71%
Free Cash Flow Firm Growth	0.00%	0.00%	67.17%	62.90%
Invested Capital Growth	0.00%	70.06%	28.40%	-189.14%
Revenue Q/Q Growth	0.00%	0.00%	3.20%	-11.89%
EBITDA Q/Q Growth	0.00%	0.00%	-10.38%	-46.14%
EBIT Q/Q Growth	0.00%	0.00%	-13.36%	-42.37%
NOPAT Q/Q Growth	0.00%	0.00%	-20.65%	-42.03%
Net Income Q/Q Growth	0.00%	0.00%	-12.66%	-40.35%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	-146.81%	29.81%	45.35%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	9.07%
Invested Capital Q/Q Growth	0.00%	0.00%	-322.08%	-109.05%
Profitability Metrics	-	-	-	-
Gross Margin	15.10%	17.97%	19.61%	17.77%
EBITDA Margin	-0.68%	-3.35%	-7.99%	-28.09%
Operating Margin	-1.12%	-3.87%	-9.15%	-29.69%
EBIT Margin	-0.85%	-4.28%	-9.12%	-29.90%
Profit (Net Income) Margin	-2.06%	-5.19%	-9.72%	-30.78%
Tax Burden Percent	225.51%	126.17%	109.51%	103.16%
Interest Burden Percent	107.81%	96.06%	97.36%	99.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-15.39%	-27.77%	-44.80%	-223.84%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-0.74%	-5.18%	-13.00%	-33.91%
Return on Assets (ROA)	-1.80%	-6.28%	-13.86%	-34.90%
Return on Common Equity (ROCE)	-15.39%	-27.77%	-44.80%	-223.84%
Return on Equity Simple (ROE_SIMPLE)	-15.39%	-19.08%	-42.86%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.69	-3.13	-9.73	-26
NOPAT Margin	-0.79%	-2.71%	-6.40%	-20.78%
Net Nonoperating Expense Percent (NNEP)	-1.56%	-4.74%	-10.42%	-33.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-527.89%
Cost of Revenue to Revenue	84.90%	82.03%	80.39%	99.52%
SG&A Expenses to Revenue	9.98%	18.02%	24.40%	23.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.23%	21.84%	28.75%	30.17%
Earnings before Interest and Taxes (EBIT)	-0.74	-4.95	-14	-38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.60	-3.88	-12	-36
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	1.61	0.00	12.60	0.00
Price to Tangible Book Value (P/TBV)	1.61	0.00	13.13	0.00
Price to Revenue (P/Rev)	0.21	0.00	2.86	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.55	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	0.00	7.30
Long-Term Debt to Equity	0.00	0.00	0.00	5.40
Financial Leverage	-6.10	-2.80	-1.47	-2.18
Leverage Ratio	8.56	4.42	3.23	6.41
Compound Leverage Factor	9.23	4.25	3.15	6.40
Debt to Total Capital	0.00%	0.00%	0.00%	87.95%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	22.85%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	65.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	12.05%
Debt to EBITDA	0.00	0.00	0.00	-0.12
Net Debt to EBITDA	0.00	0.00	0.00	0.88
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.09
Debt to NOPAT	0.00	0.00	0.00	-0.17
Net Debt to NOPAT	0.00	0.00	0.00	1.19
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.12
Altman Z-Score	1.27	0.00	3.88	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.12	1.52	1.19	1.01
Quick Ratio	0.93	1.16	1.10	0.88
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-45	-15	-6.32
Operating Cash Flow to CapEx	-6,219.40%	-828.38%	-929.07%	-669.94%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.87	1.21	1.43	1.13
Accounts Receivable Turnover	10.66	7.05	3.61	2.57
Inventory Turnover	5.13	8.60	17.65	19.50
Fixed Asset Turnover	772.60	192.33	82.77	46.07
Accounts Payable Turnover	1.77	1.99	1.97	31.91
Days Sales Outstanding (DSO)	34.23	51.76	101.23	142.28
Days Inventory Outstanding (DIO)	71.16	42.44	20.68	18.72
Days Payable Outstanding (DPO)	206.31	183.30	185.00	11.44
Cash Conversion Cycle (CCC)	-100.92	-89.10	-63.09	149.56
Capital & Investment Metrics	-	-	-	-
Invested Capital	-60	-18	-13	-31
Invested Capital Turnover	-1.47	-2.97	-9.86	-6.14
Increase / (Decrease) in Invested Capital	0.00	42	5.10	-20
Enterprise Value (EV)	-56	0.00	387	0.00
Market Capitalization	19	0.00	434	0.00
Book Value per Share	$0.24	$0.62	$0.63	$0.01
Tangible Book Value per Share	$0.24	$0.62	$0.60	($0.03)
Total Capital	12	31	34	5.02
Total Debt	0.00	0.00	0.00	4.41
Total Long-Term Debt	0.00	0.00	0.00	3.27
Net Debt	-74	-49	-47	-31
Capital Expenditures (CapEx)	0.12	1.02	1.97	1.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-64	-11	-18	-23
Debt-free Net Working Capital (DFNWC)	10	29	17	1.52
Net Working Capital (NWC)	10	29	17	0.37
Net Nonoperating Expense (NNE)	1.12	2.87	5.04	13
Net Nonoperating Obligations (NNO)	-72	-49	-47	-31
Total Depreciation and Amortization (D&A)	0.15	1.08	1.72	2.31
Debt-free, Cash-free Net Working Capital to Revenue	-72.65%	-9.81%	-12.17%	-17.91%
Debt-free Net Working Capital to Revenue	11.90%	25.05%	10.92%	1.19%
Net Working Capital to Revenue	11.90%	25.05%	10.92%	0.29%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.12)	($0.27)	($0.69)
Adjusted Weighted Average Basic Shares Outstanding	0.00	50.73M	54.81M	56.85M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.69)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	54.86M	56.64M	56.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	54.86M	56.64M	57.28M
Normalized Net Operating Profit after Tax (NOPAT)	-0.69	-3.13	-9.73	-26
Normalized NOPAT Margin	-0.79%	-2.71%	-6.40%	-20.78%
Pre Tax Income Margin	-0.91%	-4.12%	-8.88%	-29.83%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	-25.93%	-56.01%	0.00%	0.00%
Augmented Payout Ratio	-25.93%	-56.01%	0.00%	-0.15%

This table displays calculated financial ratios and metrics derived from Ispire Technology's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	54,268,992.00	54,268,992.00	54,279,396.00	-	-	-	54,279,396.00	54,279,396.00	54,279,396.00	54,279,396.00	54,279,396.00
DEI Adjusted Shares Outstanding	54,268,992.00	54,268,992.00	54,279,396.00	-	-	-	54,279,396.00	54,279,396.00	54,279,396.00	54,279,396.00	54,279,396.00
DEI Earnings Per Adjusted Shares Outstanding	-0.02	-0.07	-0.11	-	-	-	-0.20	-0.27	-0.06	-0.12	-0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	59.09%	30.69%	24.36%	14.45%	-8.23%	0.34%	-12.74%	-46.08%	-22.85%	-51.50%	-28.66%
EBITDA Growth	58.61%	-1,198.27%	-154.43%	-106.19%	-673.58%	-101.70%	-91.32%	-416.62%	53.38%	16.94%	15.56%
EBIT Growth	46.51%	-1,332.59%	-171.72%	-127.79%	-459.86%	-97.73%	-88.55%	-334.35%	46.24%	14.29%	13.31%
NOPAT Growth	27.71%	-2,538.92%	-110.28%	-281.07%	-499.25%	-87.75%	-87.18%	-325.58%	48.79%	6.59%	10.41%
Net Income Growth	32.98%	-2,965.00%	-153.84%	-122.53%	-317.04%	-100.37%	-83.23%	-321.47%	41.75%	17.45%	12.28%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-400.00%	-100.00%	-72.73%	-271.43%	40.00%	14.29%	10.53%
Operating Cash Flow Growth	-686.91%	-215.80%	149.62%	85.86%	127.51%	55.24%	-472.63%	429.69%	-132.79%	-24.66%	115.65%
Free Cash Flow Firm Growth	0.00%	0.00%	-214.82%	0.00%	415.25%	314.85%	119.86%	202.34%	-53.56%	-80.08%	373.95%
Invested Capital Growth	0.00%	0.00%	85.30%	28.40%	-404.28%	-328.30%	-384.20%	-189.14%	-62.61%	-45.67%	-183.06%
Revenue Q/Q Growth	31.37%	-2.75%	-28.00%	24.42%	5.34%	6.33%	-37.38%	-23.11%	50.72%	-33.16%	-7.89%
EBITDA Q/Q Growth	57.88%	-482.57%	-51.80%	47.99%	-58.03%	-51.90%	-44.25%	-39.15%	84.58%	-170.81%	-46.65%
EBIT Q/Q Growth	36.84%	-318.71%	-48.25%	42.15%	-55.24%	-47.88%	-41.61%	-38.43%	81.30%	-135.88%	-43.23%
NOPAT Q/Q Growth	0.17%	-346.37%	-44.26%	40.98%	-56.99%	-39.85%	-43.82%	-38.32%	81.59%	-155.07%	-37.95%
Net Income Q/Q Growth	12.74%	-197.55%	-48.43%	42.50%	-63.54%	-42.96%	-35.73%	-36.23%	77.97%	-102.61%	-44.22%
EPS Q/Q Growth	0.00%	-250.00%	-57.14%	0.00%	0.00%	-40.00%	-35.71%	-36.84%	76.92%	-100.00%	-41.67%
Operating Cash Flow Q/Q Growth	-30.28%	45.82%	147.17%	-142.46%	353.49%	-188.14%	-292.76%	137.57%	-125.21%	-235.14%	149.31%
Free Cash Flow Firm Q/Q Growth	0.00%	-80.14%	-73.39%	65.61%	393.30%	22.77%	-83.97%	131.00%	2.15%	-47.34%	281.41%
Invested Capital Q/Q Growth	135.15%	54.22%	-131.29%	-322.08%	-49.38%	-15.71%	33.63%	-109.05%	-1.29%	-3.66%	-28.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.97%	15.00%	20.40%	27.84%	19.51%	18.46%	18.24%	12.30%	16.96%	17.13%	10.65%
EBITDA Margin	-1.40%	-8.40%	-17.71%	-7.88%	-11.82%	-16.89%	-38.83%	-69.63%	-7.13%	-28.87%	-45.96%
Operating Margin	-2.05%	-9.40%	-18.84%	-8.98%	-13.38%	-17.60%	-40.42%	-72.71%	-8.88%	-33.89%	-50.75%
EBIT Margin	-2.14%	-9.22%	-18.98%	-8.86%	-13.06%	-18.17%	-41.01%	-73.19%	-9.08%	-32.05%	-49.83%
Profit (Net Income) Margin	-3.13%	-9.58%	-19.74%	-9.16%	-14.22%	-19.12%	-41.45%	-73.45%	-10.74%	-32.55%	-50.96%
Tax Burden Percent	158.67%	109.68%	104.51%	105.50%	108.89%	106.10%	101.66%	100.75%	117.53%	101.64%	101.90%
Interest Burden Percent	92.13%	94.71%	99.52%	97.97%	100.00%	99.21%	99.42%	99.60%	100.61%	99.93%	100.37%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-59.75%	-191.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-53.86%	-178.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	42.89%	118.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-16.85%	-72.79%	-59.63%	-44.80%	-61.63%	-86.54%	-110.82%	-223.84%	-254.99%	-428.57%	4,815.76%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-3.19%	-14.38%	-31.50%	-12.64%	-17.83%	-24.24%	-53.02%	-83.00%	-9.55%	-28.71%	-46.52%
Return on Assets (ROA)	-4.66%	-14.94%	-32.76%	-13.07%	-19.42%	-25.52%	-53.58%	-83.29%	-11.29%	-29.16%	-47.58%
Return on Common Equity (ROCE)	-16.85%	-72.79%	-59.63%	-44.80%	-61.63%	-86.54%	-110.82%	-223.84%	-254.99%	-428.57%	4,815.76%
Return on Equity Simple (ROE_SIMPLE)	-17.23%	-31.76%	-35.87%	0.00%	-61.93%	-95.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.61	-2.74	-3.96	-2.35	-3.68	-5.15	-7.41	-10	-1.89	-4.81	-6.64
NOPAT Margin	-1.43%	-6.58%	-13.19%	-6.28%	-9.36%	-12.32%	-28.29%	-50.90%	-6.22%	-23.72%	-35.53%
Net Nonoperating Expense Percent (NNEP)	-5.89%	-12.96%	-5.90%	-2.22%	-5.12%	-8.66%	-10.10%	-11.86%	-3.46%	-5.03%	-10.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.47%	-10.31%	-	-	-21.26%	-35.84%	-204.21%	-67.86%	132.12%	51.67%
Cost of Revenue to Revenue	84.03%	85.00%	79.60%	72.16%	80.49%	81.54%	81.76%	197.12%	88.86%	103.62%	119.12%
SG&A Expenses to Revenue	15.63%	21.06%	33.39%	30.74%	25.28%	31.13%	29.02%	-33.00%	14.87%	22.99%	25.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.02%	24.40%	39.24%	36.82%	32.89%	36.06%	58.65%	-24.41%	20.03%	30.27%	31.63%
Earnings before Interest and Taxes (EBIT)	-0.92	-3.84	-5.70	-3.31	-5.14	-7.60	-11	-15	-2.76	-6.50	-9.31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.60	-3.50	-5.32	-2.94	-4.65	-7.06	-10	-14	-2.16	-5.86	-8.59
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.19	22.71	9.33	12.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	16.32	23.29	9.59	13.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.82	4.66	2.26	2.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	74.50	64.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.58	4.47	2.00	2.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.00	0.08	0.00	0.00	0.00	0.40	7.30	-2.57	-0.52	-0.21
Long-Term Debt to Equity	0.11	0.00	0.08	0.00	0.00	0.00	0.32	5.40	-1.92	-0.38	-0.14
Financial Leverage	-0.80	-0.66	-1.55	-1.47	-1.21	-1.23	-1.35	-2.18	-2.74	-4.30	38.83
Leverage Ratio	2.85	3.12	4.13	3.23	3.52	4.18	4.44	6.41	7.79	13.06	-135.02
Compound Leverage Factor	2.63	2.96	4.11	3.17	3.52	4.15	4.41	6.39	7.83	13.05	-135.52
Debt to Total Capital	9.85%	0.00%	7.11%	0.00%	0.00%	0.00%	28.49%	87.95%	163.62%	-110.39%	-26.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.44%	22.85%	41.25%	-31.48%	-8.50%
Long-Term Debt to Total Capital	9.85%	0.00%	7.11%	0.00%	0.00%	0.00%	23.05%	65.10%	122.38%	-78.91%	-17.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.15%	100.00%	92.89%	100.00%	100.00%	100.00%	71.51%	12.05%	-63.62%	210.39%	126.13%
Debt to EBITDA	-1.12	0.00	-0.23	0.00	0.00	0.00	-0.24	-0.12	-0.14	-0.13	-0.11
Net Debt to EBITDA	10.41	0.00	3.30	0.00	0.00	0.00	1.20	0.88	0.88	0.77	0.84
Long-Term Debt to EBITDA	-1.12	0.00	-0.23	0.00	0.00	0.00	-0.19	-0.09	-0.10	-0.09	-0.07
Debt to NOPAT	-1.17	0.00	-0.34	0.00	0.00	0.00	-0.32	-0.17	-0.18	-0.17	-0.14
Net Debt to NOPAT	10.87	0.00	4.88	0.00	0.00	0.00	1.58	1.19	1.19	1.02	1.08
Long-Term Debt to NOPAT	-1.17	0.00	-0.34	0.00	0.00	0.00	-0.26	-0.12	-0.14	-0.12	-0.10
Altman Z-Score	7.15	8.16	4.19	4.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.42	1.41	1.19	1.13	1.06	0.98	1.01	1.14	1.06	1.02
Quick Ratio	1.37	1.08	1.25	1.10	1.04	0.96	0.87	0.88	1.02	0.92	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.93	-12	-22	-7.45	22	27	4.30	9.93	10	5.34	20
Operating Cash Flow to CapEx	-2,461.43%	-1,189.90%	4,466.18%	-186.35%	1,343.15%	-5,894.51%	0.00%	489.24%	-15,777.22%	-5,717.80%	790.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	120.60	0.00	90.43	53.32	233.62
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-350.60	0.00	-10.55	-39.59	22.43
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-345.50	0.00	-10.62	-40.28	19.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.56	1.66	1.43	1.37	1.33	1.29	1.13	1.05	0.90	0.93
Accounts Receivable Turnover	3.36	3.11	4.66	3.61	2.92	2.63	2.68	2.57	2.22	1.84	2.01
Inventory Turnover	19.38	15.55	10.12	17.65	18.69	15.08	14.43	19.50	18.11	15.74	15.43
Fixed Asset Turnover	82.61	65.78	106.86	82.77	69.75	65.82	66.44	46.07	43.94	39.06	36.85
Accounts Payable Turnover	2.15	2.11	1.97	1.97	4.28	3.83	3.54	31.91	26.48	24.55	21.23
Days Sales Outstanding (DSO)	108.67	117.40	78.29	101.23	124.86	139.04	136.41	142.28	164.60	198.71	181.72
Days Inventory Outstanding (DIO)	18.83	23.47	36.08	20.68	19.53	24.21	25.29	18.72	20.16	23.19	23.65
Days Payable Outstanding (DPO)	170.17	172.83	185.07	185.00	85.26	95.18	102.97	11.44	13.79	14.87	17.19
Cash Conversion Cycle (CCC)	-42.66	-31.95	-70.70	-63.09	59.13	68.07	58.74	149.56	170.97	207.04	188.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6.31	9.74	-3.05	-13	-19	-22	-15	-31	-31	-32	-42
Invested Capital Turnover	41.66	29.02	-12.38	-9.86	-23.01	-23.77	-16.25	-6.14	-4.70	-3.55	-3.17
Increase / (Decrease) in Invested Capital	6.31	9.74	18	5.10	-26	-32	-12	-20	-12	-10	-27
Enterprise Value (EV)	470	631	294	387	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	502	658	333	434	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$0.57	$0.53	$0.66	$0.63	$0.54	$0.43	$0.26	$0.01	($0.03)	($0.13)	($0.28)
Tangible Book Value per Share	$0.56	$0.52	$0.64	$0.60	$0.51	$0.39	$0.22	($0.03)	($0.07)	($0.18)	($0.33)
Total Capital	34	29	38	34	31	24	21	5.02	2.78	-3.64	-13
Total Debt	3.39	0.00	2.73	0.00	0.00	0.00	5.89	4.41	4.55	4.02	3.36
Total Long-Term Debt	3.39	0.00	2.73	0.00	0.00	0.00	4.77	3.27	3.40	2.87	2.27
Net Debt	-31	-27	-39	-47	-50	-46	-30	-31	-29	-25	-26
Capital Expenditures (CapEx)	0.53	0.60	0.08	0.76	0.27	0.05	-0.18	0.96	0.01	0.07	0.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.27	6.98	-11	-18	-26	-28	-25	-23	-12	-13	-16
Debt-free Net Working Capital (DFNWC)	28	24	29	17	12	6.08	-1.03	1.52	10	4.61	1.98
Net Working Capital (NWC)	28	24	29	17	12	6.08	-2.15	0.37	9.31	3.46	0.89
Net Nonoperating Expense (NNE)	0.73	1.25	1.97	1.07	1.91	2.85	3.45	4.54	1.37	1.79	2.88
Net Nonoperating Obligations (NNO)	-25	-19	-39	-47	-50	-46	-30	-31	-29	-25	-26
Total Depreciation and Amortization (D&A)	0.32	0.34	0.38	0.37	0.49	0.53	0.57	0.72	0.59	0.64	0.72
Debt-free, Cash-free Net Working Capital to Revenue	-5.53%	4.94%	-7.16%	-12.17%	-17.26%	-19.06%	-17.01%	-17.91%	-10.33%	-13.41%	-18.00%
Debt-free Net Working Capital to Revenue	20.99%	17.32%	19.64%	10.92%	8.19%	4.10%	-0.71%	1.19%	8.83%	4.75%	2.21%
Net Working Capital to Revenue	20.99%	17.32%	19.64%	10.92%	8.19%	4.10%	-1.49%	0.29%	7.86%	3.57%	0.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.07)	($0.11)	($0.06)	($0.10)	($0.14)	($0.19)	($0.26)	($0.06)	($0.12)	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	54.25M	54.27M	54.35M	54.81M	56.60M	56.66M	57.00M	56.85M	57.27M	57.26M	57.29M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.10)	($0.14)	($0.19)	($0.26)	($0.06)	($0.12)	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	54.27M	54.28M	56.40M	56.64M	56.60M	56.66M	57.00M	56.85M	57.27M	57.26M	57.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.27M	54.28M	56.40M	56.64M	0.00	0.00	0.00	57.28M	57.29M	57.29M	57.40M
Normalized Net Operating Profit after Tax (NOPAT)	-0.61	-2.74	-3.96	-2.35	-3.68	-5.15	-7.41	-10	-1.89	-4.81	-6.64
Normalized NOPAT Margin	-1.43%	-6.58%	-13.19%	-6.28%	-9.36%	-12.32%	-28.29%	-50.90%	-6.22%	-23.72%	-35.53%
Pre Tax Income Margin	-1.97%	-8.73%	-18.89%	-8.68%	-13.06%	-18.02%	-40.78%	-72.90%	-9.14%	-32.02%	-50.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-301.34	0.00	-24.57	-64.89	-106.76
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-207.87	0.00	-16.82	-48.03	-76.12
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-296.24	0.00	-24.64	-65.58	-109.60
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-202.77	0.00	-16.89	-48.72	-78.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%	-0.15%	0.00%	-0.30%	-0.13%

Financials Breakdown Chart

Key Financial Trends

Ispire Technology (NASDAQ: ISPR) shows a mixed but clearly pressured financial picture over the last four quarters. Revenue has fallen sharply from year-ago levels, losses remain significant, and the balance sheet has weakened materially. At the same time, the company is still generating positive operating cash flow in some recent quarters, and it ended Q3 2026 with a sizeable cash balance and no long-term debt.

Revenue trends have turned negative. In Q3 2026, revenue was $18.7 million, down from $20.3 million in Q2 2026, $30.4 million in Q1 2026, and well below $39.3 million in Q1 2025 and $41.9 million in Q2 2025. The year-over-year comparison is also weak versus Q3 2025 revenue of $26.2 million. That tells investors the top line has not stabilized yet.

Profitability remains a major challenge. Gross profit in Q3 2026 was just $2.0 million on $18.7 million of revenue, while operating expenses were $5.9 million. That produced an operating loss of $9.5 million and a net loss of $9.5 million for the quarter. Losses were smaller than the prior quarter’s $6.6 million net loss on a higher revenue base in Q2 2026, but the business is still far from breakeven.

Cash generation is uneven but not absent. Q3 2026 operating cash flow was positive at $2.0 million, helped by non-cash adjustments and working capital movements. However, Q2 2026 operating cash flow was negative $4.0 million, and Q1 2026 was negative $1.2 million. The pattern suggests the company’s cash flow is still volatile and heavily dependent on working capital swings.

The balance sheet has deteriorated over the past year. Total assets fell to $75.9 million in Q3 2026 from $115.7 million in Q3 2025 and $96.4 million in Q1 2026. More concerning, total liabilities were $92.1 million in Q3 2026, which exceeded total assets and left shareholders’ equity at negative $16.2 million. That is a significant red flag for investors.

Liquidity is better than the equity figure suggests, but still tight. Cash and equivalents were $18.0 million in Q3 2026, down from $22.7 million in Q1 2026 and far below $34.4 million in Q2 2025. Current assets totaled $55.7 million versus current liabilities of $54.9 million, so near-term liquidity looks manageable on paper. But a large portion of liabilities sits in “other current liabilities,” which deserves close attention.

Debt levels are manageable in one sense, but obligations remain significant. The company reported no long-term debt in Q3 2026, which is positive. Still, it carried $1.1 million of short-term debt, $2.3 million of capital lease obligations, and $35.0 million of other noncurrent operating liabilities. So while traditional debt is low, overall obligations remain heavy relative to the asset base.

Q3 2026 operating cash flow was positive at $2.0 million, showing the business can still generate cash in some quarters.
The company ended Q3 2026 with $18.0 million of cash and equivalents, providing some near-term liquidity.
Long-term debt was zero in Q3 2026, reducing leverage risk from conventional borrowings.
Gross margin remains positive, but it has compressed significantly versus stronger periods last year.
Operating expenses were lower than in some prior quarters, but still too high to offset weak gross profit.
Shares outstanding remain broadly stable around 57 million, so dilution has not been the main issue recently.
Revenue has declined sharply year over year, falling from $26.2 million in Q3 2025 to $18.7 million in Q3 2026.
The company continues to post sizable net losses, including a $9.5 million loss in Q3 2026.
Shareholders’ equity is deeply negative at $16.2 million in Q3 2026, indicating a stressed balance sheet.
Total liabilities exceed total assets, which is a major concern for long-term financial stability.

Bottom line: Ispire Technology is still fighting for profitability and balance-sheet repair. The company has some liquidity and can sometimes produce positive operating cash flow, but shrinking revenue, persistent losses, and negative equity suggest high risk remains. For retail investors, this is a name to watch closely for signs of revenue stabilization and sustained improvement in margins and cash flow.

07/19/26 08:48 PM ETAI Generated. May Contain Errors.

Ispire Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ispire Technology's financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Ispire Technology's net income appears to be on an upward trend, with a most recent value of -$39.24 million in 2025, rising from -$1.81 million in 2022. The previous period was -$14.77 million in 2024. View Ispire Technology's forecast to see where analysts expect Ispire Technology to go next.

Ispire Technology's total operating income in 2025 was -$37.85 million, based on the following breakdown:

Total Gross Profit: $22.65 million
Total Operating Expenses: $38.46 million

Over the last 3 years, Ispire Technology's total revenue changed from $88.10 million in 2022 to $127.49 million in 2025, a change of 44.7%.

Ispire Technology's total liabilities were at $101.61 million at the end of 2025, a 15.2% increase from 2024, and a 14.2% increase since 2022.

In the past 3 years, Ispire Technology's cash and equivalents has ranged from $24.35 million in 2025 to $74.48 million in 2022, and is currently $24.35 million as of their latest financial filing in 2025.

Over the last 3 years, Ispire Technology's book value per share changed from 0.24 in 2022 to 0.01 in 2025, a change of -95.5%.

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Financial statements for NASDAQ:ISPR last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ispire Technology (ISPR) Financials

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Ispire Technology (ISPR) Financials

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