# Ispire Technology Inc. (ISPR)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $97M  
**Price:** $1.71 (-2.84%)

> Ispire Technology Inc. is a company that specializes in the development and distribution of innovative products for the vaping industry. The primary function of Ispire Technology Inc. is to cater to both consumers and businesses within the rapidly growing market of personal vaporizers, offering cutting-edge vaporization technology that emphasizes user experience, safety, and design. The company is noted for its contributions to the cannabis and nicotine vaping sectors, providing a range of devices that include pens and cartridge systems designed to meet varying user preferences and regulatory standards. Ispire Technology Inc. operates globally, leveraging advanced research and development to maintain its competitive edge in a technologically evolving industry. The firm’s role in the financial market is underscored by its efforts to expand product lines and innovate within the burgeoning vapor technology space, appealing to a wide audience of both recreational and medicinal users, thereby influencing trends and setting new benchmarks in the vaping landscape.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $127M | $23M | -$38M | -$39M | $-0.69 |
| 2024 | $152M | $30M | -$14M | -$15M | $-0.27 |
| 2023 | $116M | $21M | -$4M | -$6M | $-0.12 |
| 2022 | $88M | $13M | -$988,671 | -$2M | $-0.04 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $102M | $102M | $604,694 | $24M | — |
| 2024 | $123M | $88M | $34M | $35M | — |
| 2023 | $90M | $59M | $31M | $40M | — |
| 2022 | $101M | $89M | $12M | $74M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$7M | $1M | -$8M |
| 2024 | -$18M | $2M | -$20M |
| 2023 | -$8M | $1M | -$9M |
| 2022 | -$8M | $121,516 | -$8M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ISPR)