What is Ispire Technology Inc.'s change in AP?

Ispire Technology Inc. (ISPR) reported change in AP of -$6.51M in Q4 2025.

How has Ispire Technology Inc.'s change in AP changed year-over-year?

Ispire Technology Inc.'s change in AP decreased by 158.2% year-over-year, from $11.19M to -$6.51M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Ispire Technology Inc. ISPR Change in AP

Change in AP at other companies

Philip Morris InternationalPM

-$317M-150%

Altria GroupMO

-$24M+82.4%

Universal CorporationUVV

-$15.04M-1,160%

Canopy Growth CorporationCGC

-$2.18M—

Turning Point BrandsTPB

$15.64M+1.3%

Achieve Life SciencesACHV

-$439K-348%

Other financials

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

See full

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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Operating cash flow-$4.0M—

CapEx$247.3K—

Free cash flow-$4.0M—

Valuation

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Market cap$64.29M-41.7%

Enterprise value$50.07M-45.1%

P/S0.7×-0.1×

Profitability

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Gross margin14.6%-6.6pp

Operating margin-37.7%-871pp

Net margin-38.2%+1,627pp

FCF margin-27.4%-31.5pp

Returns & leverage

See full

Return on equity-223.8%-299pp

Debt / equity9.8×+9.7×

Current ratio1×0.0×

Where this comes from

Reported directly by Ispire Technology Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Ispire Technology Inc.’s 10-Q, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ispire Technology Inc.'s change in AP?: Ispire Technology Inc. (ISPR) reported change in AP of -$6.51M in Q4 2025.
How has Ispire Technology Inc.'s change in AP changed year-over-year?: Ispire Technology Inc.'s change in AP decreased by 158.2% year-over-year, from $11.19M to -$6.51M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.