Ispire Technology Inc. (ISPR) Form 10-K — Sep 15, 2026
Ispire Technology's fiscal 2026 10-K reports total revenue of $96.0 million, down from $127.5 million in fiscal 2025 — a decline of roughly 25%. The company attributes part of the drop to the United Kingdom's June 2025 ban on disposable e-cigarettes, which forced discontinuation of certain product lines, along with North America revenue falling from $32.6 million to $15.1 million. The company posted a net loss of $33.2 million, or $0.58 per share, for fiscal 2026, an improvement from the $39.2 million, or $0.69 per share, loss in fiscal 2025. Management states it cannot assure future profitability after historically negative operating cash flows.
Key figures
- Revenue
- 96015000
- Revenue Yoy
- -24.7% (derived from stated FY2025 revenue of $127,494 thousand vs FY2026 $96,015 thousand)
- Shares Outstanding
- 57754471
- Employees
- 88
- Prior fy revenue
- 127494000
- Ike ownership pct
- 40%
- Jin wu ownership pct
- 49%
- Sales returns fy2025
- 2551966
- Sales returns fy2026
- 3778854
- Fy2026 revenue europe
- $61,430 thousand (63.9% of revenue)
- Fy2026 revenue others
- $8,538 thousand (8.9%)
- Insider ownership pct
- 62.1% (Tuanfang Liu and Jiangyan Zhu as of June 30, 2026)
- Ike advances june 30 2026
- 8611823
- Malaysia production lines
- 6
- Pmta cost per application
- $1.0 million or more
- Oem odm ecig revenue fy2025
- $36.4 million (40.2%)
- Oem odm ecig revenue fy2026
- $35.6 million (44.5% of e-cigarette revenue)
- Fy2025 revenue north america
- $32,568 thousand (25.5%)
- Fy2026 revenue north america
- $15,128 thousand (15.8%)
- Malaysia planned additional lines
- up to 70 at a second factory over the next 12 months
- Second distributor revenue fy2025
- $17.5 million (13.7%)
- Second distributor revenue fy2026
- $24.4 million (25.5%)
- Fy2026 revenue asia pacific ex prc
- $10,919 thousand (11.4%)
- Largest distributor revenue fy2025
- $32.7 million (25.7%)
- Largest distributor revenue fy2026
- $26.2 million (27.3%) — Your-Buyer International Limited
- Non affiliate public float dec 31 2025
- 53618575
AI analysis
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