Ideal Power Inc. (IPWR) Income Statement
IPWR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIPWR revenue and net income
Where IPWR's revenue goes
2025Each bar shows an amount and its share of revenue. IPWR kept −28,038.6% of revenue as net income.
IPWR profit margins
IPWR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −56.1% | −43.0% | −38.5% | −37.7% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IPWR quarterly EPS vs estimates
Ideal Power beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.29).
IPWR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37,728 | $86,032 | $198,871 | $203,269 | $576,399 | $428,129 | $0 | $0 | $1.2M | $1.6M |
| Cost of revenue | $60,408 | $93,409 | $160,613 | $203,269 | $576,399 | $428,129 | $110,463 | $137,509 | $2.2M | $1.9M |
| Gross profit | −$22,680 | −$7,377 | $38,258 | $0 | $0 | −$428,129 | −$110,463 | −$137,509 | −$1.0M | −$310,972 |
| Research & development | $6.0M | $6.2M | $5.7M | $3.4M | $1.9M | $1.7M | $1.1M | $871,742 | $4.2M | $5.2M |
| Sales, general & admin | $4.9M | $4.9M | $4.6M | $4.0M | $2.9M | $2.3M | $2.1M | $3.4M | $5.1M | $5.5M |
| Total operating expenses | $10.9M | $11.1M | $10.4M | $7.3M | $4.8M | $4.1M | $3.1M | $4.3M | $9.3M | $10.7M |
| Operating income | −$10.9M | −$11.1M | −$10.4M | −$7.3M | −$4.8M | −$4.1M | −$3.1M | −$4.3M | −$10.4M | −$11.0M |
| Interest income | $354,769 | $653,362 | $398,068 | $153,609 | — | — | $4,270 | $40,020 | $17,588 | $36,046 |
| Interest expense | — | — | — | $153,609 | $12,701 | $5,049 | $4,267 | $0 | $0 | $0 |
| Income before taxes | −$10.6M | −$10.4M | −$10.0M | −$7.2M | −$4.8M | −$7.8M | −$3.1M | −$4.3M | −$10.3M | −$11.0M |
| Income taxes | — | — | $4 | −$307,218 | $12,701 | $5,049 | $812,399 | $3.6M | −$17,588 | −$36,046 |
| Net income | −$10.6M | −$10.4M | −$10.0M | −$6.9M | −$4.8M | −$7.8M | −$3.9M | −$7.9M | −$10.3M | −$11.0M |
| EBITDA | −$10.1M | −$10.0M | −$9.6M | −$7.2M | −$4.6M | −$7.7M | −$3.0M | −$4.1M | −$4.1M | −$10.6M |
| EPS (diluted) | −$1.16 | −$1.30 | −$1.61 | −$1.17 | −$0.81 | −$0.47 | −$1.96 | −$5.40 | −$8.00 | −$11.50 |
| Gross margin | −60.1% | −8.6% | 19.2% | 0.0% | 0.0% | −100.0% | — | — | −84.9% | −19.1% |
| Operating margin | −28,979.0% | −12,868.7% | −5,205.4% | −3,612.4% | −841.3% | −950.2% | — | — | −854.0% | −676.4% |
| Net margin | −28,038.6% | −12,109.2% | −5,005.3% | −3,385.7% | −827.6% | −1,820.5% | — | — | −852.5% | −674.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5,800 | $0 | $0 | $24,450 | $1,275 | $12,003 | $5,408 | $554 | $1,331 | $78,739 | $61,483 | $1,557 |
| Cost of revenue | $4,008 | $116,867 | $117,279 | $26,069 | $3,477 | $30,862 | $5,926 | $1,511 | $17,474 | $68,498 | $124,271 | $2,787 |
| Gross profit | $1,792 | −$116,867 | −$117,279 | −$1,619 | −$2,202 | −$18,859 | −$518 | −$957 | −$16,143 | $10,241 | −$62,788 | −$1,230 |
| Research & development | $1.4M | $2.0M | $786,038 | $1.8M | $1.9M | $1.6M | $1.6M | $1.7M | $1.6M | $1.4M | $1.4M | $1.7M |
| Sales, general & admin | $2.2M | $1.2M | $1.0M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.2M | $850,432 | $1.1M |
| Total operating expenses | $3.6M | $3.6M | $1.8M | $3.0M | $3.1M | $2.8M | $2.8M | $2.9M | $2.9M | $2.5M | $2.4M | $2.8M |
| Operating income | −$3.6M | −$3.7M | −$1.9M | −$3.0M | −$3.1M | −$2.8M | −$2.8M | −$2.9M | −$2.9M | −$2.5M | −$2.5M | −$2.8M |
| Interest income | $210,222 | $60,517 | — | — | $103,728 | $121,808 | — | — | $223,948 | $57,325 | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | $111,302 | — | — |
| Income before taxes | −$3.4M | −$3.6M | −$1.9M | −$2.9M | −$3.0M | −$2.7M | −$2.6M | −$2.7M | −$2.7M | −$2.5M | −$2.4M | −$2.7M |
| Income taxes | — | — | — | — | — | — | −$2 | — | −$1 | $2 | $4 | $112,063 |
| Net income | −$3.4M | −$3.6M | −$1.9M | −$2.9M | −$3.0M | −$2.7M | −$2.6M | −$2.7M | −$2.7M | −$2.5M | −$2.4M | −$2.7M |
| EBITDA | −$3.5M | −$3.5M | −$1.8M | −$2.8M | −$2.9M | −$2.6M | −$2.2M | −$2.6M | −$2.6M | −$2.4M | −$2.4M | −$2.7M |
| EPS (diluted) | −$0.20 | −$0.33 | −$0.21 | −$0.32 | −$0.33 | −$0.30 | −$0.29 | −$0.31 | −$0.31 | −$0.39 | −$0.39 | −$0.44 |
| Gross margin | 30.9% | — | — | −6.6% | −172.7% | −157.1% | −9.6% | −172.7% | −1,212.8% | 13.0% | −102.1% | −79.0% |
| Operating margin | −62,468.1% | — | — | −12,353.0% | −246,313.2% | −23,534.4% | −51,009.2% | −523,399.1% | −216,830.4% | −3,209.3% | −4,041.6% | −182,386.4% |
| Net margin | −58,843.6% | — | — | −12,027.2% | −238,177.6% | −22,519.6% | −47,998.8% | −485,622.4% | −200,004.9% | −3,136.5% | −3,912.9% | −176,010.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IPWR's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IPWR financial results
In fiscal year 2025 (ended December 31, 2025), Ideal Power reported revenue of $0.0 million, down 56.1% from the year before. It had a net loss of $10.6 million, a net profit margin of −28,038.6%. Diluted earnings per share came to −$1.16. Over five years revenue grew at an average rate of −38.5% a year.
See the IPWR stock overview for the latest quote and news, or the IPWR chart for price history and technical indicators.
IPWR income statement FAQ
What is Ideal Power's annual revenue?
Ideal Power reported total revenue of $0.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 56.1% from $0.1 million the previous year.
Is Ideal Power profitable?
No. Ideal Power reported a net loss of $10.6 million in fiscal 2025, a net profit margin of −28,038.6%; its operating margin was −28,979.0%.
What is Ideal Power's gross margin?
Ideal Power's gross margin was −60.1% in fiscal 2025: for every $100 of revenue, Ideal Power kept $-60 after the direct cost of its products and services.
How much does Ideal Power spend on research and development?
Ideal Power spent $6.0 million on research and development in fiscal 2025, 16,028.4% of revenue.
How fast is Ideal Power growing?
Revenue grew −38.5% a year on average over the last five fiscal years, from $0.4 million to $0.0 million.
What are Ideal Power's earnings per share?
Ideal Power earned $-1.16 per diluted share in fiscal 2025, compared with $-1.30 a year earlier.
When will Ideal Power report its next earnings?
Ideal Power is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Ideal Power's fiscal year end?
Ideal Power's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.