IPWR

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Ideal Power Inc.

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Key Metrics

Previous Close: $5.23
52-Week Range: $2.62 – $9.30
Market Cap: $78.72M
P/E (TTM): —
EPS (TTM): -0.95
Dividend Yield: —

Advanced Metrics

Price/Book: 1.91
PEG Ratio: 0.26
Return on Equity: -43.05%
Return on Assets: -25.06%
Gross Margin: 0.57%
Operating Margin: -58758.88%
Profit Margin: 0.00%
Current Ratio: 27.86
Debt/Equity: 0.01
Total Debt: $358.45K
Free Cash Flow: $-5.30M
Revenue Growth: 354.90%
Earnings Growth: —
Enterprise Value: $37.79M

IPWR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$0.00	$161.48K	$86.03K	$37.73K
Cost of Revenue	$0.00	$123.22K	$93.41K	$60.41K
Gross Profit	$0.00	$38.26K	-$7.38K	-$22.68K
Research & Development	$3.37M	$5.74M	$6.21M	$6.05M
Selling, General & Admin	$3.98M	$4.65M	$4.86M	$4.86M
Operating Expenses	$7.34M	$10.39M	$11.06M	$10.91M
Operating Income	-$7.34M	-$10.35M	-$11.07M	-$10.93M
EBITDA	-$7.10M	-$10.02M	-$10.65M	-$10.48M
Pretax Income	-$7.19M	-$9.95M	-$10.42M	-$10.58M
Net Income	-$7.19M	-$9.95M	-$10.42M	-$10.58M
Diluted EPS	-1.17	-1.61	-1.28	-1.16
Diluted Shares	6.16M	6.19M	8.17M	9.14M

IPWR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$16.35M	$8.47M	$15.84M	$6.13M
Receivables	$65.94K	$70.00K	$692.00	$24.00K
Inventory	$0.00	$81.45K	$96.41K	$9.70K
Current Assets	$16.90M	$9.11M	$16.30M	$6.54M
Total Assets	$19.40M	$12.25M	$19.83M	$10.05M
Current Liabilities	$449.32K	$930.89K	$560.81K	$973.16K
Total Debt	$267.58K	$202.99K	$486.02K	$403.33K
Total Liabilities	$1.49M	$2.19M	$1.97M	$2.17M
Retained Earnings	-$87.10M	-$97.05M	-$107.47M	-$118.05M
Shareholders' Equity	$17.91M	$10.06M	$17.86M	$7.88M
Working Capital	$16.45M	$8.18M	$15.74M	$5.57M

IPWR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$6.38M	-$7.13M	-$8.74M	-$9.14M
Capital Expenditure	-$312.74K	-$522.95K	-$506.43K	-$449.49K
Free Cash Flow	-$6.70M	-$7.65M	-$9.25M	-$9.58M
Depreciation & Amortisation	$245.53K	$333.90K	$416.52K	$457.52K
Stock-Based Compensation	$975.80K	$2.32M	$1.60M	$729.17K
Investing Cash Flow	-$312.74K	-$522.95K	-$506.43K	-$449.49K
Financing Cash Flow	-$127.87K	-$216.26K	$16.62M	-$128.83K
Net Change in Cash	-$6.82M	-$7.87M	$7.37M	-$9.71M

IPWR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$12.00K	$1.27K	$24.45K	$0.00	$0.00
Cost of Revenue	$30.86K	$3.48K	$26.07K	$0.00	$0.00
Gross Profit	-$18.86K	-$2.20K	-$1.62K	$0.00	$0.00
Research & Development	$1.57M	$1.90M	$1.79M	$786.04K	$2.03M
Selling, General & Admin	$1.24M	$1.24M	$1.23M	$1.16M	$1.66M
Operating Expenses	$2.81M	$3.14M	$3.02M	$1.95M	$3.69M
Operating Income	-$2.82M	-$3.14M	-$3.02M	-$1.95M	-$3.69M
EBITDA	-$2.71M	-$3.03M	-$2.90M	-$1.83M	-$3.58M
Pretax Income	-$2.70M	-$3.04M	-$2.94M	-$1.90M	-$3.63M
Net Income	-$2.70M	-$3.04M	-$2.94M	-$1.90M	-$3.63M
Diluted EPS	-0.30	-0.33	-0.32	-0.21	-0.33
Diluted Shares	9.10M	9.12M	9.15M	9.17M	11.16M

IPWR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$13.70M	$11.11M	$8.39M	$6.13M	$16.41M
Receivables	$8.54K	$8.18K	$31.50K	$24.00K	$24.00K
Inventory	$89.34K	$77.39K	$65.09K	$9.70K	$41.63K
Current Assets	$14.11M	$11.42M	$8.67M	$6.54M	$16.80M
Total Assets	$17.59M	$14.95M	$12.23M	$10.05M	$20.46M
Current Liabilities	$696.20K	$904.27K	$888.52K	$973.16K	$1.50M
Total Debt	$466.40K	$446.36K	$425.08K	$403.33K	$381.13K
Total Liabilities	$2.07M	$2.21M	$2.15M	$2.17M	$2.65M
Retained Earnings	-$110.17M	-$113.21M	-$116.15M	-$118.05M	-$121.68M
Shareholders' Equity	$15.53M	$12.74M	$10.07M	$7.88M	$17.81M
Working Capital	$13.41M	$10.52M	$7.79M	$5.57M	$15.30M

IPWR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$2.07M	-$2.36M	-$2.55M	-$2.16M	-$2.03M
Capital Expenditure	-$69.88K	-$150.46K	-$156.40K	-$72.76K	-$253.97K
Free Cash Flow	-$2.14M	-$2.51M	-$2.70M	-$2.23M	-$2.29M
Depreciation & Amortisation	$111.35K	$112.93K	$115.96K	$117.28K	$116.87K
Stock-Based Compensation	$384.60K	$330.03K	$283.21K	-$268.67K	$991.44K
Investing Cash Flow	-$69.88K	-$150.46K	-$156.40K	-$72.76K	-$253.97K
Financing Cash Flow	-$9.35K	-$82.31K	-$7.07K	-$30.10K	$12.57M
Net Change in Cash	-$2.15M	-$2.59M	-$2.71M	-$2.27M	$10.28M

Market Snapshot

About

Ideal Power Inc. is a technology company developing power conversion solutions based on its proprietary B-TRAN semiconductor technology. The company's bidirectional bipolar junction transistor platform aims to improve efficiency, reduce size and cost, and enhance performance of power conversion systems. Ideal Power targets applications in renewable energy, battery energy storage, electric vehicle charging, solid-state circuit breakers, and other power electronics markets. The company partners with manufacturers and system integrators to commercialize its technology across various industries.