ISPR on Nasdaq
Ispire Technology Inc.
We are committed to delivering superior products that challenge industry norms, with the goal of delivering an unmatched customer and adult consumer experience.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerISPR on Nasdaq1
- IndustryCigarettes1
- HeadquartersLos Angeles, California1
- Business address19700 Magellan Drive, Los Angeles, Ca 905023
- Filer category, Emerging growth company3
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We are committed to delivering superior products that challenge industry norms, with the goal of delivering an unmatched customer and adult consumer experience. In achieving this, risk reduction is central to our mission, and we aim to improve the lives of our consumers through cutting-edge research and development. Our technology platforms look to reduce youth access to vaping products, which in turn will facilitate our ability to provide adult consumers with the products they desire.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Tobacco vaping products brought in 83% of the revenue Ispire Technology Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Tobacco vaping products | $90.5M | $80.1M |
| Cannabis vaping products | $37.0M | $15.9M |
Regions
Europe brought in 64% of the revenue Ispire Technology Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| Europe | $74.1M | $61.4M |
| North America | $32.6M | $15.1M |
| Asia Pacific | $12.3M | $10.9M |
| Others | $8.5M | $8.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue87¢$83.7M
- Research and development0¢$81.0K
- Other costs12¢$11.1M
- Income tax1¢$1.1M
Out of $96.0M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Revenue | $96.0M | $127.5M |
| Cost of revenue | $83.7M | $104.8M |
| Gross profit | $12.3M | $22.6M |
| Sales and marketing expenses | $5.0M | $8.4M |
| Credit loss expenses | $20.7M | $22.0M |
| General and administrative expenses | $19.2M | $30.0M |
| Total operating expenses | $44.9M | $60.5M |
| Loss from operations | -$32.6M | -$37.8M |
| Interest income | $343.5K | $87.0K |
| Interest expense | -$374.2K | -$188.8K |
| Exchange gain (loss), net | $316.4K | -$86.6K |
| Other income, net | $250.1K | $1.7K |
| Total other income (expense) | $535.9K | -$186.7K |
| Loss before income taxes | -$32.1M | -$38.0M |
| Income taxes | -$1.1M | -$1.2M |
| Net loss | -$33.2M | -$39.2M |
| Foreign currency translation adjustments | -$90.1K | -$167.2K |
| Comprehensive loss | -$33.3M | -$39.4M |
| Basic (in Dollars per share) | -$0.58 | -$0.69 |
| Diluted (in Dollars per share) | -$0.58 | -$0.69 |
| Basic (in Shares) | 57.3M shares | 56.9M shares |
| Diluted (in Shares) | 57.3M shares | 56.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash | $19.3M | $24.4M | |
| Restricted cash | $50.2K | ||
| Accounts receivable, net | $19.8M | $39.6M | |
| Inventories, net | $3.1M | $6.6M | |
| Prepaid expenses and other current assets | $2.5M | $2.2M | |
| Total current assets | $45.4M | $72.9M | |
| Property, plant and equipment, net | $2.4M | $3.0M | |
| Intangible assets, net | $2.6M | $2.2M | |
| Right-of-use assets operating leases | $3.0M | $5.0M | |
| Other investment | $2.0M | $2.0M | |
| Equity method investment | $8.6M | $9.5M | |
| Other non-current assets | $122.4K | $210.6K | |
| Accounts receivable non current | $7.4M | ||
| Deferred tax assets | $85.7K | ||
| Total other assets | $18.8M | $29.3M | |
| Total assets | $64.3M | $102.2M | |
| Accounts payable | $5.7M | $4.2M | |
| Contract liabilities | $1.9M | $4.9M | $2.2M |
| Accrued liabilities and other payables | $5.5M | $8.1M | |
| Borrowing current portion | $805.4K | $1.1M | |
| Operating lease liabilities current portion | $1.4M | $1.8M | |
| Total current liabilities | $44.6M | $72.5M | |
| Borrowing net of current portion | $805.4K | ||
| Operating lease liabilities net of current portion | $1.9M | $3.3M | |
| Total liabilities | $93.5M | $101.6M | |
| Common stock, par value $0.0001 per share; 140,000,000 shares authorized; 57,609,396 and 57,193,734 shares issued and outstanding as of June 30, 2026 and June 30, 2025 | $5.8K | $5.7K | |
| Treasury stock, at cost | -$60.5K | -$60.5K | |
| Additional paid-in capital | $52.3M | $48.8M | |
| Accumulated deficit | -$81.3M | -$48.1M | |
| Accumulated other comprehensive loss | -$198.9K | -$108.9K | |
| Total stockholders (deficit) equity | -$29.2M | $604.7K | $34.5M |
| Total liabilities and stockholders (deficit)/equity | $64.3M | $102.2M | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 140.0M shares | 140.0M shares | |
| Common stock, shares issued (in Shares) | 57.6M shares | 57.2M shares | |
| Common stock, shares outstanding (in Shares) | 57.6M shares | 57.2M shares |
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash | $19.3M | $24.4M | |
| Restricted cash | $50.2K | ||
| Accounts receivable, net | $19.8M | $39.6M | |
| Inventories, net | $3.1M | $6.6M | |
| Prepaid expenses and other current assets | $2.5M | $2.2M | |
| Total current assets | $45.4M | $72.9M | |
| Property, plant and equipment, net | $2.4M | $3.0M | |
| Intangible assets, net | $2.6M | $2.2M | |
| Right-of-use assets operating leases | $3.0M | $5.0M | |
| Other investment | $2.0M | $2.0M | |
| Equity method investment | $8.6M | $9.5M | |
| Other non-current assets | $122.4K | $210.6K | |
| Accounts receivable non current | $7.4M | ||
| Deferred tax assets | $85.7K | ||
| Total other assets | $18.8M | $29.3M | |
| Total assets | $64.3M | $102.2M | |
| Accounts payable | $5.7M | $4.2M | |
| Contract liabilities | $1.9M | $4.9M | $2.2M |
| Accrued liabilities and other payables | $5.5M | $8.1M | |
| Borrowing current portion | $805.4K | $1.1M | |
| Operating lease liabilities current portion | $1.4M | $1.8M | |
| Total current liabilities | $44.6M | $72.5M | |
| Borrowing net of current portion | $805.4K | ||
| Operating lease liabilities net of current portion | $1.9M | $3.3M | |
| Total liabilities | $93.5M | $101.6M | |
| Common stock, par value $0.0001 per share; 140,000,000 shares authorized; 57,609,396 and 57,193,734 shares issued and outstanding as of June 30, 2026 and June 30, 2025 | $5.8K | $5.7K | |
| Treasury stock, at cost | -$60.5K | -$60.5K | |
| Additional paid-in capital | $52.3M | $48.8M | |
| Accumulated deficit | -$81.3M | -$48.1M | |
| Accumulated other comprehensive loss | -$198.9K | -$108.9K | |
| Total stockholders (deficit) equity | -$29.2M | $604.7K | $34.5M |
| Total liabilities and stockholders (deficit)/equity | $64.3M | $102.2M | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 140.0M shares | 140.0M shares | |
| Common stock, shares issued (in Shares) | 57.6M shares | 57.2M shares | |
| Common stock, shares outstanding (in Shares) | 57.6M shares | 57.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Net loss | -$33.2M | -$39.2M |
| Depreciation and amortization | $945.0K | $812.5K |
| Credit loss expenses | $20.7M | $22.0M |
| Right-of-use assets amortization | $1.8M | $1.5M |
| Stock-based compensation expenses | $3.5M | $5.6M |
| Inventory impairment | $2.8M | $755.0K |
| Loss from equity method investment | $903.7K | $732.5K |
| Right-of-use assets impairment | $301.1K | $151.5K |
| Debt issuance cost amortization | $129.2K | $38.5K |
| Deferred income taxes | -$85.7K | |
| Impairment loss on prepayments | $539.5K | |
| Accounts receivable | $6.4M | -$9.3M |
| Inventories | $703.1K | -$1.0M |
| Prepaid expenses and other current assets | -$455.5K | -$547.1K |
| Accounts payable and accounts payable related party | $371.6K | $10.8M |
| Contract liabilities | -$3.0M | $2.6M |
| Accrued liabilities and other payables | -$219.7K | -$555.4K |
| Operating lease liabilities | -$1.9M | -$1.4M |
| Prepaid income tax/income tax payable | -$381.4K | -$315.2K |
| Advances to a related party | -$515.8K | |
| Net cash used in operating activities | -$569.4K | -$7.4M |
| Purchase of property, plant and equipment | -$306.0K | -$1.1M |
| Acquisition of intangible assets | -$449.2K | -$939.1K |
| Joint venture investment payable | -$2.3M | -$3.2M |
| Net cash used in investing activities | -$3.1M | -$5.2M |
| Common stock repurchased | -$45.0K | -$60.5K |
| Proceeds from borrowing | $2.1M | |
| Repayment of borrowing | -$1.3M | -$167.2K |
| Net cash (used in) provided by financing activities | -$1.3M | $1.9M |
| Net decrease in cash and restricted cash | -$5.0M | -$10.7M |
| Leased assets obtained in exchange for operating lease liabilities | $3.1M | |
| Reclassification of accounts receivable to accounts receivable non current | $7.4M | |
| Reclassification of accounts payable related party to amount due to a related party | $22.0M | $25.0M |
| Cash paid for income taxes | $1.6M | $1.5M |
| Cash paid for interest | $374.2K | $150.3K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Ispire Technology Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerTuanfang Liu Apr 14, 2023 to Apr 14, 202311
- ChairTuanfang Liu Apr 14, 2023 to Apr 14, 202311
- PresidentTed Rouhani Oct 3, 2024 to Oct 3, 202412
- Chief financial officerJay Yu Jun 20, 2025 to now13
- Chief financial officerJames P. McCormick Jun 7, 2024 to Jun 7, 202414
- Chief financial officerDaniel J. Machock Aug 9, 2023 to Sep 6, 202315
- Chief operating officerDavid Ernest Gordon Hessler Jun 4, 2024 to Jun 4, 202416
- Chief operating officerTed Rouhani Apr 5, 2023 to Mar 29, 202417
Board members and other officers (9)
- SecretarySteven P. Pryzbyla Jan 10, 2024 to Jan 10, 202418
- Chief Revenue OfficerJeffrey Doiron Apr 5, 2023 to Apr 5, 202319
- Chief Impact OfficerLauren Stower Apr 5, 2023 to Apr 5, 202320
- Board memberBrent Cox Apr 5, 2023 to now21
- Board memberJoel Paritz Apr 5, 2023 to Apr 5, 202322
- Board memberJohn Fargis Apr 5, 2023 to now23
- Board memberJiangyan Zhu Apr 14, 2023 to Apr 14, 202311
- Board memberChristopher Robert Burch Jul 13, 2023 to now24
- General counselSteven P. Pryzbyla Oct 3, 2024 to now25
Timeline
- Apr 14, 2023New chief executive Tuanfang Liu becomes CEO11
Filings
176 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 43 major events, 55 insider forms, 1 large holders, 62 other. The latest 20:
- Sep 23, 20268-K CURRENT REPORT EDGAR
- Sep 17, 20268-K CURRENT REPORT EDGAR
- Sep 15, 202610-K ANNUAL REPORT EDGAR
- Aug 17, 20268-K CURRENT REPORT EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Jul 17, 20268-K CURRENT REPORT EDGAR
- Jun 25, 20268-K CURRENT REPORT EDGAR
- May 12, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- May 12, 2026DEF 14A PROXY STATEMENT EDGAR
- May 7, 202610-Q QUARTERLY REPORT EDGAR
- Mar 19, 20264 EDGAR
- Mar 19, 20264 EDGAR
- Mar 19, 20264 EDGAR
- Mar 2, 20264 EDGAR
- Feb 26, 20264 EDGAR
- Feb 17, 20264 EDGAR
- Feb 6, 202610-Q QUARTERLY REPORT EDGAR
- Nov 24, 20254 EDGAR
The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
13 open-market trades by officers, directors and large owners since October 2021: 5 buys and 8 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 2, 2026 | Wang Michael XueCo-Chief Executive Officer | Buy | 3,000 | $2.39 | $7.2K | Form 4 |
| Feb 27, 2026 | Wang Michael XueCo-Chief Executive Officer | Buy | 2,000 | $2.41 | $4.8K | Form 4 |
| Feb 26, 2026 | Wang Michael XueCo-Chief Executive Officer | Buy | 2,000 | $2.41 | $4.8K | Form 4 |
| Feb 25, 2026 | Wang Michael XueCo-Chief Executive Officer | Buy | 4,000 | $2.32 | $9.3K | Form 4 |
| Feb 24, 2026 | Wang Michael XueCo-Chief Executive Officer | Buy | 2,000 | $2.21 | $4.4K | Form 4 |
| Feb 17, 2026 | Pryzbyla Steven P.CLO and Secretary | Sale | 3,000 | $3.22 | $9.7K | Form 4 |
| Feb 13, 2026 | Pryzbyla Steven P.CLO and Secretary | Sale | 3,000 | $3.23 | $9.7K | Form 4 |
| Feb 12, 2026 | Pryzbyla Steven P.CLO and Secretary | Sale | 3,000 | $3.41 | $10.2K | Form 4 |
| Nov 20, 2025 | Fargis JohnDirector | Sale | 7,500 | $1.95 | $14.6K | Form 4 |
| Sep 26, 2025 | Pryzbyla Steven P.CLO and Secretary | Sale | 17,046 | $2.64 | $45.0K | Form 4 |
| Mar 17, 2025 | Pryzbyla Steven P.CLO and Secretary | Sale | 500 | $3.57 | $1.8K | Form 4 |
| Mar 13, 2025 | Pryzbyla Steven P.CLO and Secretary | Sale | 6,139 | $4.03 | $24.7K | Form 4 |
| Mar 12, 2025 | Pryzbyla Steven P.CLO and Secretary | Sale | 61 | $4.00 | $244 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Tuanfang LiuSC 13G, 1 filing Jul 12, 202426
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 47. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 12SEC EDGARTed Rouhani, President
- 13SEC EDGARJay Yu, Chief financial officer
- 14
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- 17SEC EDGARTed Rouhani, Chief operating officer
- 18SEC EDGARSteven P. Pryzbyla, Secretary
- 19
- 20SEC EDGARLauren Stower, Chief Impact Officer
- 21SEC EDGARBrent Cox, Board member
- 22SEC EDGARJoel Paritz, Board member
- 23SEC EDGARJohn Fargis, Board member
- 24
- 25SEC EDGARSteven P. Pryzbyla, General counsel
- 26