Ideal Power Inc.
IPWR Technology Semiconductors
Ideal Power Inc.’s revenue for fiscal 2025 (year ended December 2025) was $37,700.00, down 56.2% from fiscal 2024. In the quarter to June 2026, revenue grew 7.41%, EPS grew 39.4% and free cash flow fell 1.57%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Ideal Power Inc. (IPWR) Altman Z-score
Ideal Power Inc.'s Altman Z-score for fiscal 2025 is −11.57, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −11.57 | (21.85) |
| FY2024 | 10.29 | 10.16 |
| FY2023 | 0.12 | (19.89) |
| FY2022 | 20.01 | (1.00) |
| FY2021 | 21.01 | 30.07 |
| FY2020 | −9.06 | (9.55) |
| FY2016 | 0.48 | (12.16) |
| FY2015 | 12.65 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.55 | — | 0.66 | |
| Retained earnings / total assets | (11.75) | — | −16.45 | |
| EBIT / total assets | (1.09) | — | −3.59 | |
| Market value of equity / total liabilities | 13.01 | — | 7.81 | |
| Sales / total assets | 0.00 | — | 0.00 | |
| Altman Z-score | Distress zone | −11.57 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −38.17 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ICG Intchains Group Limited Unsponsored ADR compare | 12.0× |
| GSIT GSI Technology, Inc. compare | 5.9× |
| MX Magnachip Semiconductor Corp. compare | 2.0× |
| WQEY WISeQey Corp compare | 0.6× |
| NA Nano Labs Ltd. Sponsored ADR compare | 0.1× |
| SQNS Sequans Communications S.A. compare | −2.4× |
| IPWR Ideal Power Inc. | −11.6× |
| PXLW Pixelworks, Inc. compare | −14.0× |
| GCTS GCT Semiconductor Holding, Inc. compare | −66.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets