Ideal Power Inc. (IPWR) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Ideal Power reported revenue of $37,728, down 56.1% from $86,032 the year before. Net income was -$10.6M (a -28038.6% net margin). Gross margin was -60.1% and operating margin was -28979.0%. Operating activities generated -$9.1M of cash, leaving -$9.3M of free cash flow. At fiscal year end, Ideal Power held $10.0M in total assets against $2.2M in total liabilities, including $6.1M of cash and equivalents.
Open the full interactive Ideal Power financials → Quarterly statements, key ratios, valuation history and price charts.
Ideal Power Key Stats
| Share Price | $3.43 |
|---|---|
| Market Cap | $58.1M |
| Revenue YoY Growth | -56.1% |
| 52-Week Range | $2.68 – $8.99 |
| Shares Outstanding | 16.9 million (basic, 2026 Q2) |
Ideal Power Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $428,129 | $576,399 | $203,269 | $198,871 | $86,032 | $37,728 |
| Gross Profit | $0 | $0 | $0 | $38,258 | -$7,377 | -$22,680 |
| Operating Income | -$4.1M | -$4.8M | -$7.3M | -$10.4M | -$11.1M | -$10.9M |
| Pre-Tax Income | -$7.8M | -$4.8M | -$7.2M | -$10.0M | -$10.4M | -$10.6M |
| Income Tax | — | — | — | — | — | $1,300 |
| Net Income | -$7.8M | -$4.8M | -$7.2M | -$10.0M | -$10.4M | -$10.6M |
| Diluted EPS | -$2.20 | -$0.80 | -$1.17 | — | — | — |
Ideal Power Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $24,450 | $0 | $0 | $5,800 |
| Net Income | -$2.9M | -$1.9M | -$3.6M | -$3.4M |
Ideal Power Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.2M | $23.2M | $16.3M | $8.5M | $15.8M | $6.1M |
| Current Assets | $3.4M | $23.4M | $16.9M | $9.1M | $16.3M | $6.5M |
| Total Assets | $5.1M | $25.9M | $19.4M | $12.2M | $19.8M | $10.0M |
| Current Liabilities | $659,526 | $542,871 | $449,318 | $930,893 | $560,810 | $973,162 |
| Total Long-Term Debt | $643,438 | $917,100 | $838,458 | — | — | — |
| Total Liabilities | $1.3M | $1.7M | $1.5M | $2.2M | $2.0M | $2.2M |
| Shareholders' Equity | $3.8M | $24.1M | $17.9M | $10.1M | $17.9M | $7.9M |
Ideal Power Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$3.0M | -$4.3M | -$6.4M | -$7.1M | -$8.7M | -$9.1M |
| Cash From Investing | -$67,160 | -$236,935 | -$312,740 | -$522,946 | -$506,428 | -$449,494 |
| Cash From Financing | $3.2M | $24.5M | -$127,872 | -$216,264 | $16.6M | -$128,828 |
| Free Cash Flow | -$3.0M | -$4.3M | -$6.6M | -$7.4M | -$8.9M | -$9.3M |
Figures from Ideal Power's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ideal Power financials page for every line item.
Ideal Power Company Profile
| Ticker | IPWR |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Austin, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001507957 |
Frequently Asked Questions
What was Ideal Power's revenue in fiscal 2025?
Ideal Power (IPWR) reported revenue of $37,728 for fiscal 2025.
What is Ideal Power's annual revenue history?
Ideal Power's annual revenue by fiscal year: 2020: $428,129; 2021: $576,399; 2022: $203,269; 2023: $198,871; 2024: $86,032; 2025: $37,728.
What was Ideal Power's net income in fiscal 2025?
Ideal Power reported net income of -$10.6M for fiscal 2025.
How much free cash flow did Ideal Power generate in fiscal 2025?
Ideal Power generated -$9.3M of free cash flow in fiscal 2025.
What was Ideal Power's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ideal Power reported revenue of $5,800.
How many shares of Ideal Power are outstanding?
Ideal Power reported a weighted average of 16.9 million basic shares outstanding in 2026 Q2.
What is Ideal Power's market cap?
Based on its latest closing price, Ideal Power (IPWR) has a market capitalization of about $58.1M.
When does Ideal Power's fiscal year end?
Ideal Power's fiscal year end, as registered with the SEC, is December 31.
Where is Ideal Power headquartered?
Ideal Power lists its business address in Austin, Texas in its SEC filings.