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Financials · IPWR

Ideal Power Inc. (IPWR) financials

For the twelve months ended Jun 30, 2026, Ideal Power Inc. reported $30.3K of revenue and -$11.88M of net income.

Revenue, TTM
$30.3K
Revenue growth, YoY
+57.2%
Net income, TTM
-$11.88M
Net margin
-39282.8%
Free cash flow, TTM
-$9.41M
Cash
$41.29M
P/S
1271.31
Market cap
$38.5M
Annual revenue$37.7K
FY2016FY2025
Annual net income-$10.58M
FY2016FY2025
Annual free cash flow-$9.25M
FY2016FY2025

IPWR revenue and earnings growth

IPWR revenueQ2 2026$5.8K

Quarter YoY
+354.9%
FY YoY
-56.1%
5Y CAGR
-38.5%
10Y CAGR
-37.7%

IPWR revenue was $5.8K in fiscal Q2 2026 (ended Jun 30, 2026), up 354.9% from a year earlier. For the full fiscal 2025 it was $37.7K, down 56.1% from fiscal 2024. Compound annual growth was -38.5% over 5 years and -37.7% over 10 years. It rose in 1 of the last 5 fiscal years.

IPWR net incomeQ2 2026-$3.41M

IPWR net income was -$3.41M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.04M a year earlier. For the full fiscal 2025 it was -$10.58M, compared with -$10.42M in fiscal 2024.

IPWR free cash flowQ2 2026-$2.45M

IPWR free cash flow was -$2.45M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.39M a year earlier. For the full fiscal 2025 it was -$9.25M, compared with -$8.94M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$37.7K$86.0K$198.9K$203.3K$576.4K$428.1K$0$0$0$1.63M
Cost of revenue$60.4K$93.4K$160.6K$203.3K$576.4K$428.1K$0$0$0$1.94M
Gross profit-$22.7K-$7.4K$38.3K$0$0$0$0$0$0-$311.0K
Research and development$6.05M$6.21M$5.74M$3.37M$1.93M$1.72M$1.05M$871.7K$715.8K$5.22M
Selling, general and admin$3.77M$3.61M$3.53M$3.12M$2.41M$2.31M$2.07M$3.44M$3.51M$3.74M
Operating income-$10.93M-$11.07M-$10.35M-$7.34M-$4.85M-$4.07M-$3.12M-$4.31M-$4.23M-$11.02M
Interest expense----$12.7K$5.0K$4.3K---
Income tax$1.3K$0--------
Net income-$10.58M-$10.42M-$9.95M-$7.19M-$4.77M-$7.79M-$3.93M-$7.90M-$10.44M-$10.98M
EPS, basic-$1.16-$1.28-$1.61-$1.17-$0.80-$2.20-$2.38-$5.64-$7.90-$11.50
EPS, diluted----$1.17-$0.80-$2.20-$2.38-$5.64-$7.90-$11.50
Diluted shares---6.2M5.9M3.5M1.7M1.4M1.3M954,838.1

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$6.13M$15.84M$8.47M$16.35M$23.17M$3.16M$3.06M$3.26M$10.02M$4.20M
Receivables$24.0K$692$70.0K$65.9K$233.3K$170.3K-$0$5.6K$378.7K
Inventory$9.7K$96.4K$81.5K$0----$251.4K$1.25M
Current assets$6.54M$16.30M$9.11M$16.90M$23.45M$3.45M$3.31M$4.69M$10.78M$6.14M
Total assets$10.05M$19.83M$12.25M$19.40M$25.88M$5.13M$5.27M$6.17M$13.57M$9.00M
Current liabilities$973.2K$560.8K$930.9K$449.3K$542.9K$659.5K$685.2K$1.14M$1.53M$1.50M
Total liabilities$2.17M$1.97M$2.19M$1.49M$1.73M$1.30M$1.38M$1.57M$1.99M$1.76M
Shareholders' equity$7.88M$17.86M$10.06M$17.91M$24.15M$3.83M$3.89M$4.60M$11.58M$7.24M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$9.14M-$8.74M-$7.13M-$6.38M-$4.28M-$3.02M-$2.53M-$3.83M-$2.96M-$10.10M
Capital expenditures$119.5K$197.3K$240.8K$182.7K$44.3K$13.9K$4.3K$1.1K$64.7K$391.1K
Free cash flow-$9.25M-$8.94M-$7.37M-$6.57M-$4.33M-$3.03M-$2.53M-$3.83M-$3.02M-$10.49M
Investing cash flow-$449.5K-$506.4K-$522.9K-$312.7K-$236.9K-$67.2K-$104.1K-$134.1K-$236.1K-$751.0K
Financing cash flow-$128.8K$16.62M-$216.3K-$127.9K$24.53M$3.19M$3.10M-$5.7K$13.67M$32.3K
Stock-based compensation$729.2K$1.60M$2.32M$975.8K$352.3K$868.6K$184.3K$730.8K$988.9K$1.52M
Depreciation and amortization$371.4K$341.0K$271.7K$187.1K$157.6K$122.2K$110.5K$137.5K$154.8K$406.6K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-56.1%-56.7%-2.2%-64.7%34.6%----100.0%-61.8%
Gross margin-60.1%-8.6%19.2%0.0%0.0%0.0%----19.1%
Operating margin-28979.0%-12868.7%-5205.4%-3612.4%-841.3%-950.2%----676.4%
Net margin-28038.6%-12109.2%-5005.3%-3536.9%-827.6%-1820.5%----674.2%
Free cash flow margin-24530.7%-10391.3%-3707.1%-3230.5%-750.4%-708.4%----644.0%
Return on equity-134.3%-58.3%-98.9%-40.1%-19.8%-203.5%-101.0%-171.9%-90.1%-151.7%
Return on assets-105.3%-52.5%-81.3%-37.1%-18.4%-151.9%-74.6%-128.2%-76.9%-122.0%
Current ratio6.7229.069.7937.6243.195.234.824.117.044.11

Source: XBRL data Ideal Power Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 14, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IPWR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IPWR$30.3K+57.2%-$11.88M-39282.8%$38.5M
NVDA$302.97B+83.4%$192.88B63.7%$4.31T
TSMNT$3.81T+31.6%NT$1.70T44.6%$2.02T
AVGO$89.10B+48.7%$38.27B42.9%$1.53T
AMD$45.44B+41.9%$7.62B16.8%$834.12B
MU$133.19B+256.3%$84.97B63.8%$829.50B
INTC$59.89B+12.1%-$12.03B-20.1%$315.55B
AMAT$30.84B+7.8%$9.27B30.1%$294.06B

IPWR FAQ

8 questions
  • What is IPWR revenue?
    Ideal Power Inc. (IPWR) reported $30.3K of revenue for the twelve months ended Jun 30, 2026. That is up 57.2% from the year before. Revenue for fiscal 2025 was $37.7K.
  • Is IPWR profitable?
    No. Ideal Power Inc. reported a net loss of $11.88M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does IPWR have?
    Ideal Power Inc. reported $41.29M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is IPWR revenue growing?
    Ideal Power Inc.'s revenue changed -56.1% in fiscal 2025, to $37.7K. Its compound annual growth rate was -38.5% over 5 years and -37.7% over 10 years.
  • What is IPWR gross margin?
    Ideal Power Inc.'s gross profit was $173 on $30.3K of revenue for the twelve months ended Jun 30, 2026, a gross margin of 0.6%.
  • What is IPWR free cash flow?
    Ideal Power Inc. generated -$9.41M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$9.18M less capital expenditures.
  • When did IPWR last report financial results?
    The latest statements here come from Ideal Power Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this IPWR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ideal Power Inc. files with the SEC. It is provided for information only and is not investment advice.