iPower Adds Over $2.6 Million in Contracted, Non-Dilutive Income Through Sublease Agreement

Agreement reinforces asset-light strategy and establishes recurring rental income stream from existing infrastructure

Apr. 17, 2026 at 1:10pm

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A high-end, photorealistic studio still-life photograph featuring a stack of neatly organized office supplies and documents, representing the efficient management of iPower's real estate assets and the generation of recurring rental income.iPower's strategic sublease agreement unlocks a new stream of contracted, non-dilutive income, optimizing the company's asset utilization and advancing its path towards sustainable profitability.Rancho Cucamonga Today

iPower Inc., a technology and data-driven supply chain and infrastructure provider for online retailers and brands, has announced that it has entered into a sublease agreement for a portion of its Rancho Cucamonga, California facility. The agreement will generate over $2.6 million in contracted, non-dilutive income through May 2028, with the sublease term commencing on May 1, 2026 and extending through May 31, 2028.

Why it matters

This sublease agreement aligns with iPower's strategy to shift towards a more asset-light operating model, enhancing capital efficiency and advancing the company's path towards sustainable profitability. By converting underutilized space into a contracted income stream, iPower is able to strengthen its cash flow visibility and reduce fixed cost burdens.

The details

Under the sublease agreement, iPower will generate base rental income beginning at approximately $62,500 per month, increasing to over $106,000 per month within the first three months and reaching approximately $112,700 per month by the final stage of the lease. The subleased premises comprise approximately 85,000 square feet and will be occupied by a third-party logistics operator.

  • The sublease term commenced on May 1, 2026 and extends through May 31, 2028.

The players

iPower Inc.

A technology- and data-driven supply chain and infrastructure provider for online retailers and brands, operating at the intersection of digital assets and real-world commerce.

Lawrence Tan

Chief Executive Officer of iPower.

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What they’re saying

“This transaction reflects our continued shift toward a more asset-light operating model. By converting underutilized space into a contracted income stream that scales to over $100,000 per month, we are enhancing capital efficiency while advancing our path toward sustainable profitability.”

— Lawrence Tan, Chief Executive Officer

What’s next

The Company believes the sublease strengthens cash flow visibility, reduces a fixed cost burden, and demonstrates the Company's ability to actively monetize existing infrastructure without any incremental capital investment.

The takeaway

This sublease agreement is a strategic move by iPower to optimize its asset utilization and generate recurring, non-dilutive income, which aligns with the company's broader shift towards a more asset-light operating model. This transaction is expected to enhance iPower's financial performance and support its path towards sustainable profitability.