ISPR Ispire Technology Inc.

Overview and Growth

Ispire Technology Inc. generated $96.01M of revenue in fiscal 2026, with net loss of $33.20M and an operating cash outflow of $569.42K. The $96.01M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $127.49M in fiscal 2025, revenue decreased 24.7%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$0.58, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 57.31M, linking total earnings with the per-share result received by shareholders. At period end, total assets were $64.28M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 1.49x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $12.30M as gross profit before recognizing operating expenses and other items. Gross profit represented 12.8% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $32.59M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 33.9%, showing the shortfall after operating costs. The company ended the period with a net loss of $33.20M, extending the operating result through all remaining items. The net loss equaled 34.6% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was negative $31.65M, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $32.06M, establishing the deficit before tax effects. Pretax margin was -33.4%, reflecting a pre-tax loss equal to 33.4% of revenue. The reported income-tax provision was $1.15M, the amount recognized between pretax income and the final net-income result. The net loss equaled 51.7% of period-end assets, showing the deficit relative to the asset base. The net loss narrowed to $33.20M from $39.24M in fiscal 2025.

Liquidity and Capital Structure

At period end, the $64.28M asset base was financed through $93.52M of liabilities and -$29.25M of equity. The company reported negative equity of -$29.25M, a capital deficit that reduces its ability to absorb losses through book equity. The near-term balance sheet paired $45.43M of current assets with $44.63M of current liabilities at the reporting date. Current assets covered current liabilities by 1.02x, leaving a positive buffer for near-term obligations. The company held $19.33M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 43.3%, excluding receivables and other current assets. Equity equaled -45.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 145.5%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 30.1%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $102.22M in fiscal 2025, the current asset base moved 37.1% and finished lower. Cash and equivalents were 20.6% lower than fiscal 2025 cash of $24.35M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $569.42K, showing that operations absorbed cash during the period. The company spent $305.95K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $875.37K cash deficit after capital spending. Free-cash-flow margin was -0.9%, reflecting a cash deficit equal to 0.9% of revenue after capital spending. Relative to total assets, the post-investment cash deficit measured 1.4%.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.