Ideal Power Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $37,728 | $86,032 | $198,871 | $203,269 | $576,399 |
| Gross profit | -$22,680 | -$7,377 | $38,258 | $0 | $0 |
| Operating income | -$10.9M | -$11.1M | -$10.4M | -$7.3M | -$4.8M |
| Operating expenses | $10.9M | $11.1M | $10.4M | $7.3M | $4.8M |
| Cost of revenue | $60,408 | $93,409 | $160,613 | $203,269 | $576,399 |
| Cash from operations | -$9.1M | -$8.7M | -$7.1M | -$6.4M | -$4.3M |
| 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 |
| Total assets | $10.0M | $19.8M | $12.2M | $19.4M | $25.9M |
| Total liabilities | $2.2M | $2.0M | $2.2M | $1.5M | $1.7M |
Shares outstanding 12.2M · Free float 96.5%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.