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NASDAQ · CIGARETTES

Ispire Technology Inc. ISPR

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$96.0M
▼ 24.7% YoY
$-33.2M
$-875,368

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Ispire Technology is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded and non-branded vaping hardware products in both the nicotine and cannabis spaces. As of September 4, 2025, it had a total of 81 employees, of which 21 are operations personnel, 46 are general management personnel, 9 are in sales and marketing, and 5 are in research and development. Its facilities are located primarily in Malaysia and the United States, where it leases more than 41,221 square feet of office, manufacturing and storage space, compared with 1,850 square feet of office space in Hong Kong, and it separately leases approximately 162,320 square feet for its manufacturing facility in Malaysia. It sells the Aspire brand of tobacco vaporizer technology products in more than 30 countries through a global network of more than 150 distributors. Its nicotine products are marketed under the Aspire brand name and sold primarily through its distribution network. Its cannabis products are marketed under the Ispire brand name, primarily on an original design manufacturer basis to other cannabis vapor companies including multi- and single-state operators, brand owners and co-packers. Ispire Technology is a Delaware corporation, incorporated on June 13, 2022.

Written from the business description in Ispire Technology Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 September 2025. Every sentence was checked against that document before publication.

Growth

USD 96.0M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 96.0 · Net income -33.2
100M200M-15M-30M
202120242025
Compound annual growth
−6.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−35 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -33.9% · Net -34.6%
-10%-20%-30%
202120232025
ROE
FY2024 · ROE -223.8%
-100%-200%
202120232025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -132%.

Cash & shareholders

USD 45,001.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -0.9
-10M-20M
202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 0.0
2M3M
2021202220242025

USD 45,001.00 in buybacks went back to shareholders in a year without profit.

Total assetsUSD 64.3M
EquityUSD -29.2M
CashUSD 19.3M
DepositsUSD 18.9M
Current ratio1.02×

Equity funds -45% of total assets.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ISPR, 5-year financial record
Metric 20252024202320222021
Revenue $B0.10.10.20.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.0◌
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.58−0.69−0.27−0.12−0.04
Dividend / sh $◌◌◌◌◌
Payout %———−56−25
ROE %—−223.8−44.8−27.8−15.9
Shares out B0.060.060.060.050.05

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCigarettes
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2021

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