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Ispire Technology Inc.

ISPR

Ispire Technology is a developer and distributor of vaping hardware and technology solutions for both the nicotine and cannabis industries.

Market cap
$92.99M-44.3%
Revenue$89.5M-38.2%
Net income-$34.2M-22.2%
EPS (diluted)-$0.61-24.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 14, 2026 (in 2 months)
Revenue estimate$21.3M
EPS estimate$0.01

Financials

Q3 2026

Income statement

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Revenue$18.7M-28.7%
Gross profit$2.0M-58.3%
Operating income-$9.5M+10.4%
Net income-$9.5M+12.3%
EPS (diluted)-$0.17+10.5%

Balance sheet

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Cash & equivalents$18.0M-23.6%
Total debt$3.8M-40.8%
Total equity-$16.2M-210%
Total assets$75.9M-34.4%

Cash flow

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CapEx$247.3K

Valuation & ratios

Valuation

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Market cap$92.99M-44.3%
Enterprise value$78.77M-48.7%
P/S-0.3×

Profitability

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Gross margin14.6%-6.6pp
Operating margin-37.7%-871pp
Net margin-38.2%+1,627pp

Returns & leverage

See full
Current ratio0.0×

Segments

By geography

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Europe$11.8M-10.8%
North America$3.3M-62.5%
Asia Pacific$2.8M-6.4%
Others$814.3K

Competitors

Profile

Ispire Technology is a developer and distributor of vaping hardware and technology solutions for both the nicotine and cannabis industries. The company provides branded e-cigarette products and serves as an original design manufacturer (ODM) for cannabis vapor companies, utilizing proprietary heating and airflow technologies. Its core value proposition centers on risk reduction and consumer safety through advanced research and development, including point-of-use age-gating technology.

Competitive position

Ispire positions itself as a technology leader in the vaping space, leveraging over 200 patents and proprietary dual-coil systems to differentiate from generic hardware providers.

GeographiesUnited States, Europe, Asia Pacific, Canada, Malaysia
Customer segmentsWholesalers, Cannabis Operators, Consumer Brands
Business modelODM, OEM, Brand Licensing, Distribution
SuppliersComponent manufacturers, Shenzhen Yi Jia (primary supplier), Raw material providers (stainless steel, Pyrex glass)
CustomersVape distributors, Cannabis oil processors, Licensed dispensaries, Adult consumers
Listed2023
Employees69.0
CEOTuanfang Liu
IndustryTobacco
FilingsSEC EDGAR

Questions, answered.

What is Ispire Technology Inc.'s market cap?
Ispire Technology Inc. (ISPR) has a market capitalization of $93.0M and trades on NASDAQ.
What is Ispire Technology Inc.'s revenue and profitability?
Ispire Technology Inc. generated $89.5M in trailing twelve-month revenue with a net loss of $34.2M, representing a net margin of -38.2%. Gross margin stands at 14.6%. These figures are based on the Q1 2026 filing.
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 Chemular Inc, Touch Point Worldwide, Inc. (Berify), Your-Buyer International Limited, 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 International Limited, 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.