NASDAQ : IPWR
Ideal Power Inc. — Financial statements
Technology · Semiconductors · United States
Last price 2.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 48.48M
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Financial statements
Ideal Power Inc. (IPWR) reported revenue of 30.25K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 30.25K | 37.73K | 86.03K | 198.87K | 203.27K | 576.40K |
| Cost of Revenue | 30.08K | 60.41K | 93.41K | 160.61K | 203.27K | 576.40K |
| Gross Profit | 173.00 | -22.68K | -7.38K | 38.26K | ||
| Selling, General & Admin | 5.99M | 4.83M | 4.79M | 4.65M | 3.98M | 2.92M |
| Research & Development | 6.04M | 6.04M | 6.20M | 5.74M | 3.37M | 1.93M |
| Operating Expenses | 12.03M | 10.87M | 10.99M | 10.39M | 7.34M | 4.85M |
| Operating Income | -12.03M | -10.89M | -10.99M | -10.35M | -7.34M | -4.85M |
| Interest Expense | -12.70K | |||||
| Interest & Investment Income | 399.97K | 354.77K | 653.36K | 398.07K | 153.61K | |
| EBT Excluding Unusual Items | -11.63M | -10.54M | -10.34M | -9.95M | -7.19M | -4.86M |
| Asset Writedown | -256.25K | -41.12K | -77.44K | |||
| Other Unusual Items | 91.41K | |||||
| Pretax Income | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
| Earnings From Continuing Operations | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
| Net Income | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
| Net Income to Common | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
| Shares Outstanding (Basic) | 11.61M | 9.14M | 8.17M | 6.19M | 6.16M | 5.94M |
| Shares Outstanding (Diluted) | 11.61M | 9.14M | 8.17M | 6.19M | 6.16M | 5.94M |
| EPS (Basic) | -1.02 | -1.16 | -1.28 | -1.61 | -1.17 | -0.80 |
| EPS (Diluted) | -1.02 | -1.16 | -1.28 | -1.61 | -1.17 | -0.80 |
| Free Cash Flow | -9.41M | -9.25M | -8.94M | -7.37M | -6.57M | -4.33M |
| Free Cash Flow Per Share | -0.81 | -1.01 | -1.09 | -1.19 | -1.07 | -0.73 |
| Gross Margin | 0.57% | -60.11% | -8.58% | 19.24% | ||
| Operating Margin | -39,757.95% | -28,869.98% | -12,778.65% | -5,205.43% | -3,612.43% | -841.25% |
| Profit Margin | -39,282.85% | -28,038.65% | -12,109.23% | -5,005.27% | -3,536.87% | -827.60% |
| Free Cash Flow Margin | -31,118.76% | -24,530.75% | -10,391.30% | -3,707.13% | -3,230.48% | -750.37% |
| EBITDA | -11.64M | -10.52M | -10.65M | -10.08M | -7.16M | -4.69M |
| D&A For EBITDA | 383.77K | 371.42K | 341.05K | 271.75K | 187.08K | 157.56K |
| EBIT | -12.03M | -10.89M | -10.99M | -10.35M | -7.34M | -4.85M |
| Revenue as Reported | 198.87K | 203.27K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 41.29M | 6.13M | 15.84M | 8.47M | 16.35M | 23.17M |
| Cash & Short-Term Investments | 41.29M | 6.13M | 15.84M | 8.47M | 16.35M | 23.17M |
| Accounts Receivable | 29.80K | 24.00K | 692.00 | 70.00K | 65.94K | 233.26K |
| Receivables | 29.80K | 24.00K | 692.00 | 70.00K | 65.94K | 233.26K |
| Inventory | 62.42K | 9.70K | 96.41K | 81.45K | ||
| Prepaid Expenses | 208.34K | 214.08K | 219.17K | 350.92K | 381.68K | 22.31K |
| Other Current Assets | 163.82K | 137.49K | 131.97K | 109.69K | 21.59K | |
| Total Current Assets | 41.60M | 6.54M | 16.30M | 9.11M | 16.90M | 23.45M |
| Property, Plant & Equipment | 798.80K | 774.11K | 898.73K | 545.79K | 448.82K | 363.33K |
| Other Intangible Assets | 2.57M | 2.69M | 2.61M | 2.58M | 2.04M | 2.06M |
| Other Long-Term Assets | 82.43K | 44.46K | 19.35K | 13.03K | 11.19K | 11.19K |
| Total Assets | 45.05M | 10.05M | 19.83M | 12.25M | 19.40M | 25.88M |
| Accounts Payable | 437.10K | 408.40K | 104.12K | 405.10K | 130.50K | 130.50K |
| Accrued Expenses | 831.71K | 471.33K | 374.01K | 455.11K | 254.22K | 278.31K |
| Current Portion of Leases | 99.19K | 93.44K | 82.68K | 70.68K | 64.60K | 58.86K |
| Current Income Taxes Payable | 75.20K | |||||
| Other Current Liabilities | 125.00K | |||||
| Total Current Liabilities | 1.49M | 973.16K | 560.81K | 930.89K | 449.32K | 542.87K |
| Long-Term Leases | 259.25K | 309.90K | 403.33K | 132.30K | 202.99K | 267.58K |
| Other Long-Term Liabilities | 824.56K | 886.54K | 1.01M | 1.13M | 838.46K | 917.10K |
| Total Liabilities | 2.58M | 2.17M | 1.97M | 2.19M | 1.49M | 1.73M |
| Common Stock | 16.42K | 8.54K | 8.34K | 6.00K | 5.93K | 5.89K |
| Additional Paid-In Capital | 167.56M | 125.93M | 125.33M | 107.12M | 105.01M | 104.06M |
| Retained Earnings | -125.09M | -118.05M | -107.47M | -97.05M | -87.10M | -79.91M |
| Treasury Stock | -13.21K | -13.21K | -13.21K | -13.21K | -13.21K | -13.21K |
| Total Common Equity | 42.47M | 7.88M | 17.86M | 10.06M | 17.91M | 24.15M |
| Shareholders' Equity | 42.47M | 7.88M | 17.86M | 10.06M | 17.91M | 24.15M |
| Total Liabilities & Equity | 45.05M | 10.05M | 19.83M | 12.25M | 19.40M | 25.88M |
| Total Debt | 358.45K | 403.33K | 486.02K | 202.99K | 267.58K | 326.45K |
| Net Cash (Debt) | 40.94M | 5.73M | 15.36M | 8.27M | 16.08M | 22.84M |
| Net Cash Per Share | 3.53 | 0.63 | 1.88 | 1.34 | 2.61 | 3.85 |
| Filing Date Shares Outstanding | 16.43M | 12.09M | 8.34M | 7.37M | 5.92M | 5.90M |
| Total Common Shares Outstanding | 16.42M | 8.54M | 8.34M | 6.00M | 5.92M | 5.89M |
| Working Capital | 40.10M | 5.57M | 15.74M | 8.18M | 16.45M | 22.90M |
| Book Value Per Share | 2.59 | 0.92 | 2.14 | 1.68 | 3.02 | 4.10 |
| Tangible Book Value | 39.90M | 5.19M | 15.24M | 7.48M | 15.87M | 22.09M |
| Tangible Book Value Per Share | 2.43 | 0.61 | 1.83 | 1.25 | 2.68 | 3.75 |
| Buildings | 25.52K | 18.98K | 10.24K | 10.24K | 10.24K | |
| Machinery | 663.60K | 561.49K | 417.24K | 332.22K | 156.69K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
| Depreciation & Amortization | 473.48K | 457.52K | 416.52K | 333.90K | 245.53K | 157.56K |
| Asset Writedown & Restructuring Costs | 255.13K | 41.12K | 77.44K | 937.00 | 528.00 | |
| Stock-Based Compensation | 1.65M | 729.17K | 1.60M | 2.32M | 1.08M | 560.29K |
| Other Operating Activities | 35.99K | 35.99K | -15.32K | -91.41K | ||
| Change in Accounts Receivable | -21.62K | -23.31K | 69.31K | -4.06K | 167.33K | -62.98K |
| Change in Inventory | -21.02K | 50.72K | -14.96K | -81.45K | ||
| Change in Accounts Payable | 284.39K | 304.28K | -300.98K | 274.60K | 3.00 | 28.52K |
| Change in Other Net Operating Assets | 43.30K | -152.55K | -153.04K | -21.91K | -684.26K | -103.11K |
| Operating Cash Flow | -9.18M | -9.14M | -8.74M | -7.13M | -6.38M | -4.28M |
| Capital Expenditures | -230.08K | -119.48K | -197.27K | -240.82K | -182.65K | -44.27K |
| Sale (Purchase) of Intangibles | -363.12K | -330.01K | -309.16K | -282.12K | -130.09K | -192.67K |
| Investing Cash Flow | -593.21K | -449.49K | -506.43K | -522.95K | -312.74K | -236.94K |
| Issuance of Common Stock | 40.26M | 110.00 | 16.85M | 24.53M | ||
| Repurchase of Common Stock | -294.16K | -128.94K | -228.31K | -216.26K | -127.87K | |
| Financing Cash Flow | 39.97M | -128.83K | 16.62M | -216.26K | -127.87K | 24.53M |
| Net Cash Flow | 30.19M | -9.71M | 7.37M | -7.87M | -6.82M | 20.01M |
| Free Cash Flow | -9.41M | -9.25M | -8.94M | -7.37M | -6.57M | -4.33M |
| Free Cash Flow Margin | -31,118.76% | -24,530.75% | -10,391.30% | -3,707.13% | -3,230.48% | -750.37% |
| Free Cash Flow Per Share | -0.81 | -1.01 | -1.09 | -1.19 | -1.07 | -0.73 |
| Levered Free Cash Flow | -5.30M | -5.53M | -5.57M | -3.94M | -3.96M | -2.64M |
| Unlevered Free Cash Flow | -5.30M | -5.53M | -5.57M | -3.94M | -3.96M | -2.63M |
| Cash Income Tax Paid | 1.30K | 1.30K | ||||
| Change in Working Capital | 285.04K | 179.14K | -399.67K | 167.17K | -516.93K | -137.57K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 39.94M | 26.35M | 61.52M | 46.20M | 63.41M | 71.06M |
| Enterprise Value | -999.83K | 18.38M | 43.37M | 35.65M | 45.24M | 46.91M |
| Last Close Price | 2.43 | 3.09 | 7.55 | 7.77 | 10.70 | 12.06 |
| PS Ratio | 1,320.21 | 698.33 | 715.03 | 232.29 | 311.94 | 123.28 |
| PB Ratio | 0.94 | 3.35 | 3.44 | 4.59 | 3.54 | 2.94 |
| P/TBV Ratio | 1.00 | 5.08 | 4.04 | 6.18 | 4.00 | 3.22 |
| EV/Sales Ratio | 487.11 | 504.06 | 179.28 | 222.57 | 81.39 | |
| Debt / Equity Ratio | 0.01 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.96 | -0.73 | -0.86 | -0.82 | -0.90 | -0.95 |
| Net Debt / EBITDA Ratio | 3.52 | 0.54 | 1.44 | 0.82 | 2.25 | 4.87 |
| Net Debt / FCF Ratio | 4.35 | 0.62 | 1.72 | 1.12 | 2.45 | 5.28 |
| Asset Turnover | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.04 |
| Inventory Turnover | 0.43 | 1.14 | 1.05 | |||
| Quick Ratio | 27.68 | 6.32 | 28.25 | 9.18 | 36.52 | 43.11 |
| Current Ratio | 27.86 | 6.72 | 29.06 | 9.79 | 37.62 | 43.19 |
| Return on Equity (ROE) | -43.05% | -82.22% | -74.64% | -71.18% | -34.19% | -34.10% |
| Return on Assets (ROA) | -25.06% | -45.58% | -42.84% | -40.89% | -20.27% | -19.55% |
| Return on Capital Employed (ROCE) | -27.60% | -120.00% | -57.10% | -91.50% | -38.70% | -19.10% |
| Earnings Yield | -42.11% | -40.15% | -16.93% | -21.55% | -11.34% | -6.71% |
| FCF Yield | -23.57% | -35.13% | -14.53% | -15.96% | -10.36% | -6.09% |
| Buyback Yield / Dilution | -28.86% | -11.88% | -31.90% | -0.53% | -3.71% | -67.76% |