IPWR
Ideal Power Inc
NASDAQ: IPWR · TECHNOLOGY · SEMICONDUCTORS
$3.81
-0.26% today
Updated 2026-04-29
Market cap
$46.31M
P/E ratio
—
P/S ratio
1,227.58x
EPS (TTM)
$-1.16
Dividend yield
—
52W range
$3 – $7
Volume
0.2M
Ideal Power Inc (IPWR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $860771.00 | $1.13M | $1.89M | $1.79M | $4.26M | $1.63M | $1.21M | $0.00 | $-9107.00 | $428129.00 | $576399.00 | $203269.00 | $198871.00 | $86032.00 | $37728.00 |
| Revenue growth (YoY) | — | +30.9% | +67.9% | -5.2% | +137.4% | -61.8% | -25.6% | -100.0% | — | +4801.1% | +34.6% | -64.7% | -2.2% | -56.7% | -56.1% |
| Cost of revenue | $757393.00 | $957641.00 | $2.15M | $2.27M | $3.87M | $1.94M | $2.24M | $137509.00 | $110463.00 | $428129.00 | $576399.00 | $203269.00 | $160613.00 | $93409.00 | $60408.00 |
| Gross profit | $103378.00 | $169266.00 | $-254549.00 | $-476756.00 | $387237.00 | $-310972.00 | $-1.03M | $-137509.00 | $-110463.00 | $-428129.00 | $0.00 | $0.00 | $38258.00 | $-7377.00 | $-22680.00 |
| Gross margin | 12.0% | 15.0% | -13.5% | -26.6% | 9.1% | -19.1% | -84.9% | — | 1212.9% | -100.0% | 0.0% | 0.0% | 19.2% | -8.6% | -60.1% |
| R&D | $914851.00 | $1.13M | $1.21M | $2.26M | $5.52M | $5.22M | $4.18M | $871742.00 | $1.05M | $1.72M | $1.93M | $3.37M | $5.74M | $6.21M | $6.05M |
| SG&A | $633348.00 | $1.92M | $2.14M | $2.99M | $3.69M | $3.74M | $3.69M | $3.44M | $2.07M | $2.31M | $2.41M | $3.12M | $3.53M | $3.61M | $3.77M |
| Operating income | $-1.51M | $-3.04M | $-4.06M | $-6.93M | $-10.47M | $-11.02M | $-10.35M | $-4.31M | $-3.12M | $-4.07M | $-4.85M | $-7.34M | $-10.35M | $-11.07M | $-10.93M |
| Operating margin | -175.7% | -269.6% | -214.7% | -386.2% | -245.8% | -676.4% | -854.0% | — | 34207.3% | -950.2% | -841.3% | -3612.4% | -5205.4% | -12868.7% | -28979.0% |
| EBITDA | $-1.47M | $-2.99M | $-4.03M | $-6.86M | $-10.24M | $-10.57M | $-4.06M | $-4.13M | $-3.00M | $-7.67M | $-4.69M | $-7.16M | $-10.08M | $-10.65M | $-10.48M |
| EBITDA margin | -171.0% | -265.0% | -213.1% | -382.4% | -240.4% | -649.2% | -334.5% | — | 32994.4% | -1790.7% | -813.9% | -3520.4% | -5068.8% | -12384.5% | -27766.3% |
| EBIT | $-1.51M | $-3.04M | $-4.06M | $-6.93M | $-10.47M | $-10.98M | $-4.21M | $-4.27M | $-3.12M | $-7.79M | $-4.85M | $-7.34M | $-10.35M | $-11.07M | $-10.93M |
| Interest expense | $238257.00 | $1.61M | $5.49M | $27715.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4267.00 | $5049.00 | $12701.00 | $153609.00 | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.75M | $-4.65M | $-9.55M | $-6.90M | $-10.44M | $-10.98M | $-10.34M | $-7.90M | $-3.93M | $-7.79M | $-4.77M | $-6.88M | $-9.95M | $-10.42M | $-10.58M |
| Net income growth (YoY) | — | -165.4% | -105.5% | +27.8% | -51.3% | -5.2% | +5.9% | +23.5% | +50.3% | -98.2% | +38.8% | -44.3% | -44.6% | -4.7% | -1.5% |
| Profit margin | -203.4% | -412.4% | -504.7% | -384.6% | -245.1% | -674.2% | -852.5% | — | 43174.8% | -1820.5% | -827.6% | -3385.7% | -5005.3% | -12109.2% | -28038.6% |