# Ideal Power Inc. (IPWR)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $51M  
**Price:** $5.94 (+2.77%)

> Ideal Power Inc. is a semiconductor company focused on power conversion and energy management technologies. The company develops patented bidirectional power switch solutions centered on its B-TRAN semiconductor platform, which is designed for applications that require efficient control of electrical power. Its products and development efforts are aligned with markets such as electric vehicles, EV charging, renewable energy systems, energy storage, uninterruptible power supply and data center infrastructure, solid-state circuit breakers, and industrial and military power applications. Ideal Power Inc. serves customers and partners seeking compact, efficient switching technology for modern electrification and power distribution needs. Based in Austin, Texas, the company operates as a specialized technology provider within the broader power semiconductor market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $37,728 | -$22,680 | -$11M | -$11M | — |
| 2024 | $86,032 | -$7,377 | -$11M | -$10M | — |
| 2023 | $198,871 | $38,258 | -$10M | -$10M | — |
| 2022 | $203,269 | — | -$7M | -$7M | — |
| 2021 | $576,399 | — | -$5M | -$5M | — |
| 2020 | $428,129 | — | -$4M | -$8M | — |
| 2019 | — | — | -$3M | -$4M | — |
| 2018 | — | — | -$4M | -$8M | — |
| 2017 | — | — | -$4M | -$10M | — |
| 2016 | $2M | -$310,972 | -$11M | -$11M | — |
| 2015 | $4M | $387,237 | -$10M | -$10M | — |
| 2014 | $2M | -$394,998 | -$7M | -$7M | — |
| 2013 | $2M | -$254,549 | -$4M | -$10M | — |
| 2012 | $1M | $3,043 | -$3M | -$5M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $10M | $2M | $8M | $6M | — |
| 2024 | $20M | $2M | $18M | $16M | — |
| 2023 | $12M | $2M | $10M | $8M | — |
| 2022 | $19M | $1M | $18M | $16M | — |
| 2021 | $26M | $2M | $24M | $23M | — |
| 2020 | $5M | $1M | $4M | $3M | — |
| 2019 | $5M | $1M | $4M | $3M | — |
| 2018 | $6M | $2M | $5M | $3M | — |
| 2017 | $14M | $2M | $12M | $10M | — |
| 2016 | $9M | $2M | $7M | $4M | — |
| 2015 | $19M | $3M | $17M | $15M | — |
| 2014 | $10M | $1M | $9M | $8M | — |
| 2013 | $16M | $1M | $15M | $14M | — |
| 2012 | $3M | $3M | -$101,394 | $2M | $2M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$9M | $119,481 | -$9M |
| 2024 | -$9M | $197,266 | -$9M |
| 2023 | -$7M | $240,825 | -$7M |
| 2022 | -$6M | $182,651 | -$7M |
| 2021 | -$4M | $44,267 | -$4M |
| 2020 | -$3M | $13,940 | -$3M |
| 2019 | -$3M | $4,253 | -$3M |
| 2018 | -$7M | $1,088 | -$7M |
| 2017 | -$7M | $64,747 | -$7M |
| 2016 | -$10M | $391,088 | -$10M |
| 2015 | -$8M | $791,605 | -$9M |

Source: [CompaniesByCap](https://companiesbycap.com/company/IPWR)