Ideal Power Inc.

Listed Company

IPWRCIK 0001507957NasdaqNon-AcceleratedSmaller ReportingSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-10.58M

Total Assets

$10.05M

Equity

$7.88M

Shares Out

12.16M

Op. Cash Flow

$-9.14M

IPWR$4.05−29.57% · past yearDBEQ Basic

Daily closing prices

Business

Ideal Power Inc. develops and commercializes B-TRAN® (Bidirectional bipolar junction Transistor) solid-state switch technology for power conversion and control applications. The company offers discrete B-TRAN® devices and SymCool® Power Modules designed for solid-state circuit protection, EV contactors, and bidirectional power applications. Products target AI data centers, electric vehicles, renewable energy, energy storage, and industrial markets primarily through strategic partnerships with semiconductor foundries, automotive suppliers, and distribution partners. Commercial product sales remain in early stages, with revenue generated from nascent market adoption.

Summary from 10-K filed 2026-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	37,728	86,032	198,871	203,269	576,399
Cost of revenue	60,408	93,409	160,613	203,269	576,399
Gross loss	−22,680	−7,377	38,258	0	0
Research and development	6	6	6	3	2
General and administrative	4	4	4	3	2
Sales and marketing	1	1	1	852,331	512,807
Total operating expenses	11	11	10	7	5
Loss from operations	−11	−11	−10	−7	−5
Interest income, net	354,769	653,362	398,068	153,609	−12,701
Net loss	−11	−10	−10	−7	−5
Net loss per share basic and diluted (in dollars per share)	−1.16	−1.28	−1.61	−1.17	−0.8
Weighted average number of shares outstanding basic and diluted (in shares)	9	8	6	6	6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	6	16	8	16	23
Accounts receivable, net	24,000	692	70,000	65,936	233,262
Inventory	9,700	96,406	81,450	0	—
Prepayments and other current assets	377,901	356,658	482,890	491,365	43,900
Total current assets	7	16	9	17	23
Property and equipment, net	376,717	415,232	359,225	200,103	56,158
Intangible assets, net	3	3	3	2	2
Right of use asset	397,397	483,497	186,570	248,720	307,172
Other assets	44,459	19,351	13,034	11,189	11,189
Total assets	10	20	12	19	26
Accounts payable	408,398	104,117	405,098	130,503	130,500
Accrued expenses	471,329	374,012	455,112	254,218	353,507
Current portion of lease liability	93,435	82,681	70,683	64,597	58,864
Total current liabilities	973,162	560,810	930,893	449,318	542,871
Long-term lease liability	309,900	403,335	132,304	202,987	267,584
Other long-term liabilities	886,538	1	1	838,458	—
Total liabilities	2	2	2	1	2
Commitments and Contingencies	—	—	—	—	—
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and 2024	0	0	0	0	—
Common stock, $0.001 par value; 50,000,000 shares authorized; 8,538,708 shares issued and 8,537,387 shares outstanding at December 31, 2025 and 8,336,812 shares issued and 8,335,491 shares outstanding at December 31, 2024	8,539	8,337	5,998	5,926	5,894
Additional paid-in capital	126	125	107	105	104
Treasury stock, at cost; 1,321 shares at December 31, 2025 and 2024, respectively	−13,210	−13,210	13,210	13,210	−13,210
Accumulated deficit	−118	−107	−97	−87	−80
Total stockholders equity	8	18	10	18	24
Total liabilities and stockholders equity	10	20	12	19	26

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	371,419	341,045	271,746	187,077	157,564
Amortization of right of use asset	86,100	75,476	—	—	—
Write-off of inventory	35,987	0	—	—	—
Write-off of capitalized patents	34,363	62,073	0	937	528
Write-off of property and equipment	6,759	15,371	0	—	—
Gain on lease termination	0	−15,319	0	—	—
Stock-based compensation	729,173	2	2	975,801	352,313
Accounts receivable	−23,308	69,308	4,064	167,326	−62,975
Inventory	50,719	−14,956	−81,450	0	—
Prepaid expenses and other assets	−46,351	119,915	6,630	−447,465	176,223
Accounts payable	304,281	−300,981	274,595	3	28,516
Accrued expenses and other liabilities	−23,520	−198,898	36,052	−177,931	−279,337
Lease liability	−82,681	−74,055	−64,597	−58,864	—
Net cash used in operating activities	−9	−9	−7	−6	−4
Purchase of property and equipment	−119,481	−197,266	−240,825	−182,651	−44,267
Acquisition of intangible assets	−330,013	−309,162	−282,121	130,089	−192,668
Net cash used in investing activities	−449,494	−506,428	−522,946	−312,740	−236,935
Net proceeds from issuance of common stock and pre-funded warrants	0	16	0	0	21
Exercise of options and warrants	110	1	0	—	—
Payment of taxes upon vesting of restricted stock units	−128,938	−228,309	−216,264	−127,872	0
Net cash provided by (used in) financing activities	−128,828	17	−216,264	−127,872	25
Net increase (decrease) in cash and cash equivalents	−10	7	−8	−7	—

Filings

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Frequently asked questions

What is Ideal Power Inc.'s CIK number?

Ideal Power Inc.'s SEC CIK number is 0001507957 (1507957). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Ideal Power Inc.'s SEC filings?

All of Ideal Power Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Ideal Power Inc. last report earnings?

Ideal Power Inc. (IPWR) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016899). This is Ideal Power Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Ideal Power Inc.'s most recent earnings 8-K?

Ideal Power Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-016899. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Ideal Power Inc.'s latest earnings 8-K →
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