$ISPR

Ispire Technology Inc.

CIK:0001948455|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 96,014,610	$ 127,494,304
Cost of revenue	83,716,563	104,844,633
Gross profit	12,298,047	22,649,671
Operating expenses:
Sales and marketing expenses	5,022,884	8,439,384
Credit loss expenses	20,715,826	22,034,812
General and administrative expenses	19,151,861	30,025,334
Total operating expenses	44,890,571	60,499,530
Loss from operations	(32,592,524)	(37,849,859)
Other income (expense):
Interest income	343,497	86,996
Interest expense	(374,168)	(188,764)
Exchange gain (loss), net	316,441	(86,570)
Other income, net	250,092	1,675
Total other income (expense)	535,862	(186,663)
Loss before income taxes	(32,056,662)	(38,036,522)
Income taxes	(1,147,382)	(1,203,704)
Net loss	(33,204,044)	(39,240,226)
Other comprehensive loss
Foreign currency translation adjustments	(90,063)	(167,214)
Comprehensive loss	$ (33,294,107)	$ (39,407,440)
Net loss per share
Basic (in Dollars per share)	$ (0.58)	$ (0.69)
Diluted (in Dollars per share)	$ (0.58)	$ (0.69)
Weighted average shares outstanding:
Basic (in Shares)	57,306,470	56,853,552
Diluted (in Shares)	57,306,470	56,853,552

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net loss	$ (33,204,044)	$ (39,240,226)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	944,995	812,483
Credit loss expenses	20,715,826	22,034,812
Right-of-use assets amortization	1,806,846	1,460,104
Stock-based compensation expenses	3,488,207	5,616,282
Inventory impairment	2,818,653	754,976
Loss from equity method investment	903,723	732,502
Right-of-use assets impairment	301,067	151,516
Debt issuance cost amortization	129,250	38,478
Deferred income taxes	(85,713)
Impairment loss on prepayments	539,497
Changes in operating assets and liabilities:
Accounts receivable	6,420,850	(9,331,350)
Inventories	703,065	(1,037,552)
Prepaid expenses and other current assets	(455,522)	(547,085)
Accounts payable and accounts payable – related party	371,558	10,766,537
Contract liabilities	(2,975,238)	2,643,084
Accrued liabilities and other payables	(219,699)	(555,383)
Operating lease liabilities	(1,875,618)	(1,358,074)
Prepaid income tax/income tax payable	(381,355)	(315,189)
Advances to a related party	(515,764)
Net cash used in operating activities	(569,416)	(7,374,085)
Cash flows from investing activities:
Purchase of property, plant and equipment	(305,952)	(1,100,704)
Acquisition of intangible assets	(449,191)	(939,075)
Joint venture investment payable	(2,327,311)	(3,158,826)
Net cash used in investing activities	(3,082,454)	(5,198,605)
Cash flows from financing activities:
Common stock repurchased	(45,001)	(60,488)
Proceeds from borrowing		2,080,863
Repayment of borrowing	(1,276,016)	(167,214)
Net cash (used in) provided by financing activities	(1,321,017)	1,853,161
Net decrease in cash and restricted cash	(4,972,887)	(10,719,529)
Cash and restricted cash - beginning of year	24,351,765	35,071,294
Cash and restricted cash – end of year	19,378,878	24,351,765
Reconciliation of cash and restricted cash
Cash	19,328,650	24,351,765
Restricted cash	50,228
Total cash and restricted cash	19,378,878	24,351,765
Supplemental non-cash investing and financing activities
Leased assets obtained in exchange for operating lease liabilities		3,062,902
Reclassification of accounts receivable to accounts receivable – non current		7,367,158
Reclassification of accounts payable – related party to amount due to a related party	22,000,000	25,000,000
Supplemental disclosures
Cash paid for income taxes	1,612,851	1,531,924
Cash paid for interest	$ 374,168	$ 150,285

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash	$ 19,328,650	$ 24,351,765
Restricted cash	50,228
Accounts receivable, net	19,819,480	39,588,998
Inventories, net	3,126,252	6,647,970
Prepaid expenses and other current assets	2,519,129	2,244,505
Total current assets	45,434,650	72,908,385
Other assets:
Property, plant and equipment, net	2,423,509	2,952,800
Intangible assets, net	2,572,060	2,232,620
Right-of-use assets – operating leases	3,028,385	5,030,005
Other investment	2,000,000	2,000,000
Equity method investment	8,611,823	9,515,546
Other non-current assets	122,431	210,617
Accounts receivable – non current		7,367,158
Deferred tax assets	85,713
Total other assets	18,843,921	29,308,746
Total assets	64,278,571	102,217,131
Current liabilities
Accounts payable	5,651,330	4,172,476
Contract liabilities	1,886,012	4,861,250
Accrued liabilities and other payables	5,532,103	8,099,991
Borrowing – current portion	805,361	1,146,766
Operating lease liabilities – current portion	1,443,763	1,838,815
Total current liabilities	44,631,529	72,539,554
Other liabilities:
Borrowing – net of current portion		805,361
Operating lease liabilities – net of current portion	1,893,249	3,267,522
Total liabilities	93,524,778	101,612,437
Commitments and contingencies
Stockholders’ (deficit) equity:
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	5,760	5,719
Treasury stock, at cost	(60,488)	(60,488)
Additional paid-in capital	52,276,766	48,833,601
Accumulated deficit	(81,269,311)	(48,065,267)
Accumulated other comprehensive loss	(198,934)	(108,871)
Total stockholders’ (deficit) equity	(29,246,207)	604,694
Total liabilities and stockholders’ (deficit)/equity	64,278,571	102,217,131
Related Party
Current assets:
Due from a related party	590,911	75,147
Current liabilities
Accounts payable – related party	29,312,960	52,420,256
Other liabilities:
Amount due to a related party	$ 47,000,000	$ 25,000,000