10-Q quarterly report · filed Feb 6, 2026

Ispire Technology Inc. (ISPR) Q4 2025 10-Q Quarterly Report

Short answer

Ispire Technology Inc. (ISPR) filed its Q4 2025 10-Q quarterly report on Feb 6, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $20M (down 51.5% year over year) with net income of −$7M.

Q4 2025 key financials · XBRL

Revenue
$20M
−51.5% YoY · −33.2% QoQ
Net income
−$7M
+17.4% YoY · −102.6% QoQ
Operating margin
-33.9%
Gross margin
17.1%
EPS (diluted)
−$0.11
+21.4% YoY · −83.3% QoQ

Source: XBRL data from the Ispire Technology Inc. (ISPR) Q4 2025 10-Q on SEC EDGAR. USD.

Ispire Technology Inc. Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: increased credit losses and write-offs on accounts receivable due to adverse economic conditions in cannabis industry, triggering shift to nicotine business focus
  • Updated regulatory risk: focus on costly regulatory approvals for nicotine vaping products in U.S. affecting market expansion strategy
  • Legal/compliance risk: uncertainty from federal cannabis status impacts collection and contract disputes with cannabis customers
  • Operational risk: declining sales in U.S. down $9.3M QoQ and Europe down $9.2M QoQ due to competitive market and evolving distribution timing
  • Financial risk: borrowing increased to $1.38M with $1.15M due within 2026, raising near-term liquidity and debt service considerations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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