Ideal Power Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $37,728 | $86,032 | $198,871 | $203,269 | $576,399 |
| Cost of revenue | $60,408 | $93,409 | $160,613 | $203,269 | $576,399 |
| Gross profit | -$22,680 | -$7,377 | $38,258 | $0 | $0 |
| Research and development | $6.0M | $6.2M | $5.7M | $3.4M | $1.9M |
| Operating expenses | $10.9M | $11.1M | $10.4M | $7.3M | $4.8M |
| Operating income | -$10.9M | -$11.1M | -$10.4M | -$7.3M | -$4.8M |
| Interest expense | — | — | — | — | $12,701 |
| Income tax expense | $1,300 | $0 | — | — | — |
| Net income | -$10.6M | -$10.4M | -$10.0M | -$7.2M | -$4.8M |
| Balance Sheet | |||||
| Cash and equivalents | $6.1M | $15.8M | $8.5M | $16.3M | $23.2M |
| Current assets | $6.5M | $16.3M | $9.1M | $16.9M | $23.4M |
| Total assets | $10.0M | $19.8M | $12.2M | $19.4M | $25.9M |
| Current liabilities | $973,162 | $560,810 | $930,893 | $449,318 | $542,871 |
| Total liabilities | $2.2M | $2.0M | $2.2M | $1.5M | $1.7M |
| Stockholders' equity | $7.9M | $17.9M | $10.1M | $17.9M | $24.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$9.1M | -$8.7M | -$7.1M | -$6.4M | -$4.3M |
| Depreciation and amortization | $371,419 | $341,045 | $271,746 | $187,077 | $157,564 |
| Stock-based compensation | $729,173 | $1.6M | $2.3M | $975,801 | $352,313 |
| Capital expenditure | $119,481 | $197,266 | $240,825 | $182,651 | $44,267 |
| Free cash flow | -$9.3M | -$8.9M | -$7.4M | -$6.6M | -$4.3M |
| Impairments | $6,759 | $15,371 | $0 | $937 | $528 |
Shares outstanding 12.2M · Free float 96.5%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.