NASDAQ$ISPR

Ispire Technology Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Ispire reported lower revenue and a wider net loss in Q4 2025 compared to the prior year.

Revenue fell sharply year-over-year, driven by weaker sales in North America and Asia Pacific. Gross profit contracted, while operating expenses remained high, leading to a wider net loss. EPS was negative, reflecting continued challenges in scaling operations profitably.

  • Revenue declined to $20.1M from $28.5M in Q4 2024
  • Net loss widened to $8.8M from $6.3M last year
  • Gross profit dropped to $3.6M from $4.6M
  • Operating expenses remained elevated at $12.8M

Headline financials

Total Revenue

$20.1M

Previous: $37.3M-46.2%
EPS (adj)

-$0.19

Previous: -$0.03-533.3%
Gross Margin

17.8%

No prior period
Operating Expenses

$12.8M

No prior period
Sales & Marketing

$1.24M

No prior period
General & Administrative

$11.5M

No prior period
Net Interest Income

-$22K

No prior period
FX Gain/Loss

-$13K

No prior period
Other Income

-$40K

No prior period
Income Taxes

-$154K

No prior period
FX Translation Adj.

-$6K

No prior period
Weighted Avg Shares

57.0M

No prior period
Net Income

-$8.8M

Previous: -$3.42M-157.2%
Operating Income

-$9.2M

Previous: -$3.35M-174.4%
Gross Profit

$3.57M

Previous: $29.8M-88.0%
Cash & Equivalents

$23.6M

No prior period
Total Assets

$116M

No prior period

Revenue & EPS history

Ispire · Revenue · Quarterly

$20.1M

Q4 2025-46.2%vs Q4 2024
Beat estimate in 2 of 11 quarters(18%)
ActualEstimate

Revenue by segment

Ispire · $20.1M total across 1 segment · Q4 2025

  • Vaping Products
    $20.1M

Forward guidance

Management emphasized long-term growth opportunities in Europe and OEM/ODM channels, but near-term profitability pressures remain due to high expenses and weaker demand in North America.

Tailwinds

  • Europe remains the largest contributor to revenue
  • OEM/ODM opportunities expected to grow in FY26
  • Malaysia facility expansion progressing
  • Strong distribution network across 30+ countries
  • Focus on product innovation and technology

Headwinds

  • North America sales declined significantly YoY
  • Operating expenses remain high
  • Net losses widened in Q4
  • Revenue fell across most regions
  • Continued pressure on gross margins

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.2%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-9.1%

Avg return

30 days after

31%

5 / 16 earnings

Positive

+27.2%

Q1 2024

Best reaction

-12.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-5.7%+1.2%+1.2%
Q2 2026+9.5%+14.4%-20.9%
Q1 2026-9.0%-11.0%+26.4%
Q4 2025-1.8%-19.0%-28.9%
Q3 2025-3.7%+6.6%-9.5%
Q2 2025-8.4%-6.6%-14.6%
Q1 2025-4.0%+4.2%-2.6%
Q4 2024+13.4%+7.6%+6.7%
Q3 2024+5.9%+20.2%+18.6%
Q2 2024-12.7%-16.7%-32.4%
Q1 2024+27.2%+2.1%-19.9%
Q4 2023+7.7%+6.0%+0.7%
Q1 2023-9.9%+0.5%-15.6%
Q4 2022-3.9%-1.7%-18.2%
Q3 2023-3.9%-1.7%-18.2%
Q3 2022-3.9%-1.7%-18.2%
Q2 2023
Q2 2021
Q1 2022

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