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Ispire Technology Inc.

ISPR

Ispire Technology Inc. designs, develops, and distributes vaping hardware and next-generation nicotine products for both the nicotine and cannabis markets.

Market cap
$84.32M-38.7%
Revenue$96.0M-24.7%
Net income-$33.2M+15.4%
EPS (diluted)-$0.59+14.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (In 3 weeks)
Revenue estimate$27.8M
EPS estimate-$0.03

Financials

Q4 2026

Income statement

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Revenue$26.7M+32.5%
Gross profit$1.7M-31.9%
Operating income-$13.5M+7.5%
Net income-$13.8M+6.6%
EPS (diluted)-$0.24+7.7%

Balance sheet

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Cash & equivalents$19.3M-20.6%
Total debt$3.3M-43.6%
Total equity-$29.2M-4,937%
Total assets$64.3M-37.1%

Cash flow

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CapEx--100%

Valuation & ratios

Valuation

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Market cap$84.32M-38.7%
Enterprise value$68.33M-43.6%
P/S0.9×-0.3×

Profitability

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Gross margin12.8%-5.0pp
Operating margin-33.9%+5.7pp
Net margin-34.6%+4.9pp

Returns & leverage

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Current ratio1×0.0×

Segments

By geography

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Europe$14.1M-5.3%
North America$4.8M+52.1%
Others$4.5M+1,658%
Asia Pacific$3.2M+78.3%

Competitors

Profile

Ispire Technology Inc. designs, develops, and distributes vaping hardware and next-generation nicotine products for both the nicotine and cannabis markets. The company leverages proprietary heating technologies and age-gating solutions to provide high-performance hardware to adult consumers globally. Its business model focuses on branded product sales and original design manufacturing (ODM) services for cannabis brands and nicotine distributors.

Competitive position

Ispire differentiates itself through proprietary heating technologies like BDC, BVC, and DuCore, and is a first-mover in point-of-use age-gating technology for regulatory compliance.

GeographiesUnited States, United Kingdom, European Union, Malaysia, Canada, South Africa
Customer segmentsCannabis Multi-State Operators, Nicotine Product Distributors, Adult Consumers
Business modelOriginal Design Manufacturer (ODM), Original Equipment Manufacturer (OEM), Brand Licensing, Wholesale Distribution
SuppliersShenzhen Yi Jia (Related party manufacturer), Electronic component suppliers, Lithium battery manufacturers, Raw material suppliers (stainless steel, Pyrex glass)
CustomersGlobal nicotine distributors, Cannabis oil processors, Vape shops and convenience stores, E-commerce consumers
Listed2023
Employees69.0
CEOTuanfang Liu
IndustryTobacco
FilingsSEC EDGAR

FAQ

What is Ispire Technology Inc.'s market cap?
Ispire Technology Inc. (ISPR) has a market capitalization of $84.3M and trades on NASDAQ.
What is Ispire Technology Inc.'s revenue and profitability?
Ispire Technology Inc. generated $96.0M in trailing twelve-month revenue with a net loss of $33.2M, representing a net margin of -34.6%. Gross margin stands at 12.8%. The latest reported period is Q4 2026.
Who are Ispire Technology Inc.'s competitors?
Ispire Technology Inc.'s key competitors include Greenlane Holdings, Inc., Philip Morris International Inc., Altria Group, Inc., and others. These companies compete in similar markets and product categories.
Who does Ispire Technology Inc. partner with?
Ispire Technology Inc.'s notable partners include Shenzhen Yi Jia, Chemular Inc, Touch Point Worldwide, and others.
What subsidiaries does Ispire Technology Inc. have?
Ispire Technology Inc.'s subsidiaries include Aspire North America LLC, Aspire Science and Technology Limited, Ispire Malaysia Sdn Bhd, and others.
Where is Ispire Technology Inc. headquartered?
Ispire Technology Inc. is headquartered in United States of America and employs approximately 69 people. It has been publicly traded since 2023.