Saturday 17 October 2026 Export IPWR’s income statement to Excel — free account

Ideal Power Inc.

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.

2.98 0.23 −7.17%

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Market cap: $52.8M
P/E: 0.0×
Fwd P/E: −5.3×
Dividend yield: —
F-score: 2/9
Altman Z: −11.57
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.29

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 10.00%

Capital & Financial Ratios $m

Market Cap 52.75

Revenue 0.04

Net Income (11.88)

Free Cash Flow (9.78)

Net Debt (41.29)

Current Ratio 27.86

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (5.32)

P/S ratio 1,157.42

P/B ratio 1.19

Past 5Y EPS Growth —

This Y EPS Growth 26.72%

Next Y EPS Growth 18.82%

Next Y revenue growth 2,552.52%

Next 5Y EPS Growth 22.02%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 90.79%

10-year low 10-year high

P/B against its own 10 years 6.19%

10-year low 10-year high

EV/Sales against its own 10 years 68.28%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	16	6	41
Receivables	0	0	0	0
Inventory	0	0	0	0
Other	—	—	—	—
	9	16	7	42

	2023	2024	2025	Q'26
Payables	0	0	0	0
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1	1	1	1

Compound Annual Growth %

	10y	5y	3y
Sales	—	(38.49%)	(42.97%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(7.22%)	15.52%	(23.95%)

Revenue $m

	Mar	Sep	Dec	Year
’26	—	—	—	—
’25	0	0	—	0
’24	0	0	0	0
’23	0	0	0	0
’22	0	0	0	0
’21	0	0	0	1
’20	0	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(2)	—	—	—
’25	(2)	(2)	(3)	(2)	(9)
’24	(2)	(2)	(2)	(3)	(9)
’23	(2)	(2)	(2)	(2)	(7)
’22	(1)	(2)	(1)	(2)	(6)
’21	(1)	(1)	(1)	(1)	(4)
’20	(1)	(1)	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(3)	—	—	—
’25	(2)	(3)	(3)	(2)	(10)
’24	(2)	(2)	(2)	(3)	(9)
’23	(2)	(2)	(2)	(2)	(8)
’22	(1)	(2)	(2)	(2)	(7)
’21	(1)	(1)	(1)	(1)	(5)
’20	(1)	(1)	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.33)	(0.20)	—	—	—
’25	(0.30)	(0.33)	(0.32)	(0.21)	(1.16)
’24	(0.39)	(0.31)	(0.31)	(0.29)	(1.28)
’23	(0.41)	(0.37)	(0.44)	(0.39)	(1.61)
’22	(0.31)	(0.27)	(0.28)	(0.31)	(1.17)
’21	(0.17)	(0.19)	(0.20)	(0.23)	(0.80)
’20	(0.31)	(0.28)	(1.28)	(0.26)	(2.20)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.70	10.99	2.04	1.82	1.08	6.65	7.01	7.01	5.61	2.76	Analyst estimates 2026–2028 Powerpack
	High	81.30	38.59	16.50	10.10	11.74	24.95	14.89	13.90	13.98	8.62
People
People	Employees	30	19	7	5	5	7	8	11	16	17
	Revenue/emp, $m	0.05	0.00	0.00	0.00	0.09	0.08	0.03	0.02	0.01	0.00
Income, $m
Income, $m	Revenue	2	—	—	—	0	1	0	0	0	0
	Gross margin, %	(19.09)	0.00	0.00	0.00	(897.69)	0.00	0.00	19.26	(8.60)	(60.21)
	EBT	(11)	(4)	(4)	(3)	(8)	(5)	(7)	(10)	(10)	(11)
	EBT margin, %	(674.22)	0.00	0.00	0.00	(1,820.58)	(827.60)	(3,536.35)	(5,004.52)	(12,113.72)	(28,059.42)
	Net income	(11)	(4)	(4)	(3)	(8)	(5)	(7)	(10)	(10)	(11)
	Depreciation	0	0	0	0	0	0	0	0	0	0
Per share, $
Per share, $	Revenue	1.71	0.00	0.00	0.00	0.12	0.10	0.03	0.03	0.01	0.00
	Earnings	(11.50)	(7.80)	(5.60)	(2.38)	(2.20)	(0.80)	(1.17)	(1.61)	(1.28)	(1.16)
	Cash flow	(10.58)	(2.24)	(4.67)	(1.95)	(0.85)	(0.72)	(1.04)	(1.15)	(1.07)	(1.00)
	Capex	(0.79)	(0.18)	(0.10)	(0.06)	(0.02)	(0.04)	(0.05)	(0.08)	(0.06)	(0.05)
	Free cash flow	(11.36)	(2.42)	(4.77)	(2.01)	(0.87)	(0.76)	(1.09)	(1.24)	(1.13)	(1.05)
	Book value	7.58	8.76	3.28	2.35	1.08	4.07	2.91	1.62	2.19	0.86
	Shares, m	1	1	1	2	4	6	6	6	8	9
Valuation, ×
Valuation, ×	P/E	0.00	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	18.47	—	—	—	33.13	124.23	329.86	241.11	716.81	653.41
	P/B	4.15	—	—	—	7.55	2.97	3.74	4.77	3.45	3.58
	EV/Sales	15.88	—	—	—	29.71	84.60	251.06	200.16	536.66	519.82
	EV/FCF	(2.38)	—	—	—	(8.40)	(10.79)	(7.62)	(5.20)	(4.99)	(2.34)
Cash, $m
Cash, $m	Operating cash flow	(10)	(3)	(7)	(3)	(3)	(4)	(6)	(7)	(9)	(9)
	Capex	(1)	0	0	0	0	0	0	(1)	(1)	0
	Free cash flow	(11)	(3)	(7)	(3)	(3)	(5)	(7)	(8)	(9)	(10)
Balance, $m
Balance, $m	Working capital	5	9	4	3	3	23	16	8	16	6
	Total debt	—	—	—	0	0	0	0	—	—	—
	Net debt	(4)	(10)	(3)	(3)	(3)	(23)	(16)	(8)	(16)	(6)
	Shareholders’ equity	7	12	5	4	4	24	18	10	18	8
Returns, %
Returns, %	ROA	(77.74)	(92.48)	(80.12)	(68.72)	(149.91)	(30.77)	(31.76)	(62.91)	(64.96)	(70.82)
	ROIC	(226.87)	(169.62)	(201.13)	(177.54)	(300.75)	(232.02)	(293.63)	(408.23)	(343.86)	(390.90)
	ROE	(91.83)	(110.90)	(97.74)	(92.57)	(201.96)	(34.10)	(34.19)	(71.18)	(74.64)	(82.22)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GSIT GSI Technology, Inc.	$165.3M	— (loss-making)	— (loss-making)	+0.46% (above 0%: growing)	n/m	−143.28% (below 0%: shrinking)	53.37%	(85.31%)	Compare
GCTS GCT Semiconductor Holding, Inc.	$161.9M	— (loss-making)	— (loss-making)	−17.85% (below 0%: shrinking)	n/m	−93.34% (below 0%: shrinking)	(23.27%)	(763.65%)	Compare
MX Magnachip Semiconductor Corp.	$104.6M	— (loss-making)	— (loss-making)	−6.13% (below 0%: shrinking)	n/m	+84.00% (above 0%: growing)	19.35%	(22.32%)	Compare
IPWR Ideal Power Inc.	$52.8M	— (loss-making)	— (loss-making)	+7.41% (above 0%: growing)	n/m	−1.57% (below 0%: shrinking)	31.03%	(62,467.24%)
WQEY WISeQey Corp	$41.1M	— (loss-making)	—	+55.93% (above 0%: growing)	n/m	−92.17% (below 0%: shrinking)	52.94%	0.00%	Compare
NA Nano Labs Ltd. Sponsored ADR	$40.9M	—	—	—	n/m	+46.67% (above 0%: growing)	100.00%	100.00%	Compare
SQNS Sequans Communications S.A.	$38.6M	— (loss-making)	— (loss-making)	−8.39% (below 0%: shrinking)	n/m	−1,233.27% (below 0%: shrinking)	32.90%	(96.68%)	Compare
ICG Intchains Group Limited Unsponsored ADR	$38.2M	— (loss-making)	— (loss-making)	−38.03% (below 0%: shrinking)	n/m	+49.54% (above 0%: growing)	(137.17%)	(198.09%)	Compare
PXLW Pixelworks, Inc.	$33.0M	0.5×	— (loss-making)	−59.75% (below 0%: shrinking)	n/m	+63.54% (above 0%: growing)	60.94%	(5,256.25%)	Compare
Median of peers	$41.0M	—	—	−8.39%	—	−22.75%	42.92%	(90.99%)

All 67 Semiconductors stocks →

Ideal Power Inc. (IPWR) key facts

Concern: Ideal Power Inc.’s revenue for fiscal 2025 (year ended December 2025) was $37,700.00, down 56.2% from fiscal 2024.
Concern: Ideal Power Inc. reported a net loss of $10.6 million, or a loss of $1.16 per share, for fiscal 2025.
Ideal Power Inc. (IPWR) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, IPWR traded at $2.98, a market capitalization of $52.8 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1,157× sales.
Return on equity was −82.2% and debt-to-equity 0.00.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −11.57 (distress zone) for fiscal 2025.