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IPWR logoIdeal Power Inc.(IPWR)Earnings, Financials & Key Ratios

IPWR•NASDAQ
$4.73
$39M mkt cap·Price updated May 6, 2026
SectorIndustrialsIndustryElectrical EquipmentSub-IndustryPower Conversion and Power Electronics
AboutIdeal Power Inc. focuses on the development and commercialization of its B-TRAN technology. It develops Bi-directional bi-polar junction TRANsistor solid state switch technology. The company was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power Inc. in July 2013. Ideal Power Inc. was incorporated in 2007 and is headquartered in Austin, Texas.Show more
  • Revenue$38K-56.1%
  • EBITDA-$10M+1.7%
  • Net Income-$11M-1.5%
  • EPS (Diluted)-1.16+9.4%
  • Gross Margin-60.11%-601.1%
  • EBITDA Margin-27766.3%-124.2%
  • Operating Margin-28978.98%-125.2%
  • Net Margin-28038.65%-131.5%
  • ROE-82.22%-10.2%
  • ROIC-352.71%+9.0%
  • Debt/Equity0.05+88.1%
Technical→

IPWR Key Insights

Ideal Power Inc. (IPWR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Sales declining 38.5% over 5 years
  • ✗Shares diluted 11.9% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

IPWR Price & Volume

Ideal Power Inc. (IPWR) stock price & volume — 10-year historical chart

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IPWR Growth Metrics

Ideal Power Inc. (IPWR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-37.67%
5 Years-38.48%
3 Years-42.96%
TTM-56.15%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1.54%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM10.77%

Return on Capital

10 Years-68.52%
5 Years-56.73%
3 Years-72.65%
Last Year-77.16%

IPWR Peer Comparison

Ideal Power Inc. (IPWR) competitors in Power Conversion and Power Electronics — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
POWI logoPOWIPower Integrations, Inc.Direct Competitor4.36B78.23200.595.85%4.98%3.17%
AEIS logoAEISAdvanced Energy Industries, Inc.Direct Competitor13.72B360.8193.9621.37%10%14.35%0.50
VICR logoVICRVicor CorporationDirect Competitor12.64B280.34107.4113.55%26.19%18.73%0.02
MPWR logoMPWRMonolithic Power Systems, Inc.Direct Competitor81.16B1652.35129.6026.43%22.07%17.89%0.01
ON logoONON Semiconductor CorporationProduct Competitor41.45B105.77364.72-15.35%9.46%7.43%0.45
WOLF logoWOLFWolfspeed, Inc.Product Competitor1.94B42.97-1.26-6.14%-233.92%-7.4%
AMAT logoAMATApplied Materials, Inc.Product Competitor339.9B428.6249.494.39%24.67%34.28%0.32
SWKS logoSWKSSkyworks Solutions, Inc.Product Competitor9.77B64.9721.09-2.18%8.93%6.3%0.21

Compare IPWR vs Peers

Ideal Power Inc. (IPWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs POWI

Most directly comparable listed peer for IPWR.

Scale Benchmark

vs AMAT

Larger-name benchmark to compare IPWR against a more recognizable public peer.

Peer Set

Compare Top 5

vs POWI, AEIS, VICR, MPWR

IPWR Income Statement

Ideal Power Inc. (IPWR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue1.21M00428.13K576.4K203.27K198.87K86.03K37.73K
Revenue Growth %-25.57%-100%--34.63%-64.73%-2.16%-56.74%-56.15%
Cost of Goods Sold2.24M137.51K110.46K428.13K576.4K203.27K160.61K93.41K60.41K
COGS % of Revenue184.92%--100%100%100%80.76%108.57%160.11%
Gross Profit
-1.03M▲ 0%
-137.51K▲ 86.6%
-110.46K▲ 19.7%
0▲ 100.0%
0▲ 0%
0▲ 0%
38.26K▲ 0%
-7.38K▼ 119.3%
-22.68K▼ 207.4%
Gross Margin %-84.92%-----19.24%-8.57%-60.11%
Gross Profit Growth %-231.03%86.64%19.67%100%----119.28%-207.44%
Operating Expenses9.32M4.31M3.12M4.07M4.85M7.34M10.39M11.06M10.91M
OpEx % of Revenue769.08%--950.18%841.25%3612.43%5224.67%12860.1%28918.86%
Selling, General & Admin5.14M3.44M2.07M2.35M2.92M3.98M4.65M4.86M4.86M
SG&A % of Revenue423.86%--548.22%506.81%1956.12%2336.76%5645.09%12890.42%
Research & Development4.18M871.74K1.05M1.72M1.93M3.37M5.74M6.21M6.05M
R&D % of Revenue345.21%--401.96%334.45%1656.32%2887.91%7215.01%16028.44%
Other Operating Expenses000000000
Operating Income
-10.35M▲ 0%
-4.31M▲ 58.4%
-3.12M▲ 27.7%
-4.07M▼ 30.6%
-4.85M▼ 19.2%
-7.34M▼ 51.4%
-10.35M▼ 41.0%
-11.07M▼ 6.9%
-10.93M▲ 1.2%
Operating Margin %-853.99%---950.18%-841.25%-3612.43%-5205.43%-12868.67%-28978.98%
Operating Income Growth %6.03%58.35%27.75%-30.58%-19.2%-51.43%-40.98%-6.95%1.25%
EBITDA-10.2M-4.17M-3M-3.95M-4.69M-7.16M-10.08M-10.65M-10.48M
EBITDA Margin %-841.23%---921.65%-813.92%-3520.4%-5068.78%-12384.52%-27766.3%
EBITDA Growth %3.89%59.07%28.01%-31.32%-18.9%-52.53%-40.87%-5.7%1.68%
D&A (Non-Cash Add-back)154.76K137.51K110.46K122.15K157.56K187.08K271.75K416.52K457.52K
EBIT-4.21M-4.27M-3.12M-7.79M-4.85M-7.34M-10.35M-11.07M-10.93M
Net Interest Income00-4.27K-5.05K-12.7K153.61K398.07K653.36K354.77K
Interest Income17.59K0000153.61K398.07K653.36K354.77K
Interest Expense004.27K5.05K12.7K0000
Other Income/Expense-6.21M40.02K-4.27K-3.73M78.71K153.61K398.07K653.36K354.77K
Pretax Income
-10.34M▲ 0%
-4.27M▲ 58.7%
-3.12M▲ 27.0%
-7.79M▼ 149.8%
-4.77M▲ 38.8%
-7.19M▼ 50.7%
-9.95M▼ 38.5%
-10.42M▼ 4.7%
-10.58M▼ 1.5%
Pretax Margin %-852.54%---1820.46%-827.6%-3536.86%-5005.26%-12109.23%-28038.65%
Income Tax-17.59K00000000
Effective Tax Rate %0.17%0%0%0%0%0%0%0%0%
Net Income
-10.34M▲ 0%
-7.9M▲ 23.5%
-3.93M▲ 50.3%
-7.79M▼ 98.2%
-4.77M▲ 38.8%
-7.19M▼ 50.7%
-9.95M▼ 38.5%
-10.42M▼ 4.7%
-10.58M▼ 1.5%
Net Margin %-852.54%---1820.46%-827.6%-3536.86%-5005.26%-12109.23%-28038.65%
Net Income Growth %5.88%23.51%50.26%-98.22%38.79%-50.71%-38.46%-4.66%-1.54%
Net Income (Continuing)-10.34M-4.27M-3.12M-7.79M-4.77M-7.19M-9.95M-10.42M-10.58M
Discontinued Operations0-3.63M-808.13K000000
Minority Interest000000000
EPS (Diluted)
-7.82▲ 0%
-5.64▲ 27.9%
-2.38▲ 57.8%
-2.20▲ 7.6%
-0.81▲ 63.2%
-1.12▼ 38.3%
-1.61▼ 43.7%
-1.28▲ 20.5%
-1.16▲ 9.4%
EPS Growth %32%27.88%57.8%7.56%63.18%-38.27%-43.75%20.5%9.38%
EPS (Basic)-7.82-5.65-2.38-2.20-0.81-1.12-1.61-1.28-1.16
Diluted Shares Outstanding1.32M1.4M1.65M3.54M5.94M6.16M6.19M8.17M9.14M
Basic Shares Outstanding1.32M1.4M1.65M3.54M5.94M6.16M6.19M8.17M9.14M
Dividend Payout Ratio---------

IPWR Balance Sheet

Ideal Power Inc. (IPWR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets10.78M4.69M3.31M3.45M23.45M16.9M9.11M16.3M6.54M
Cash & Short-Term Investments10.02M3.26M3.07M3.16M23.17M16.35M8.47M15.84M6.13M
Cash Only10.02M3.26M3.06M3.16M23.17M16.35M8.47M15.84M6.13M
Short-Term Investments007.41K000000
Accounts Receivable5.62K00170.29K233.26K65.94K70K69224K
Days Sales Outstanding1.69--145.18147.71118.4128.482.94232.19
Inventory251.36K0000081.45K96.41K9.7K
Days Inventory Outstanding40.93-----185.1376.7158.61
Other Current Assets296.5K1.21M48.13K017.22K109.69K131.97K77.81K377.9K
Total Non-Current Assets2.79M1.48M1.96M1.69M2.43M2.5M3.14M3.53M3.51M
Property, Plant & Equipment669.57K63.21K307.61K116.84K363.33K448.82K545.79K898.73K774.11K
Fixed Asset Turnover1.81x--3.66x1.59x0.45x0.36x0.10x0.05x
Goodwill000000000
Intangible Assets2.08M1.4M1.63M1.57M2.06M2.04M2.58M2.61M2.69M
Long-Term Investments000000000
Other Non-Current Assets37.5K17.92K17.92K011.19K11.19K13.03K19.35K44.46K
Total Assets
13.57M▲ 0%
6.17M▼ 54.6%
5.27M▼ 14.6%
5.13M▼ 2.5%
25.88M▲ 404.2%
19.4M▼ 25.0%
12.25M▼ 36.9%
19.83M▲ 61.9%
10.05M▼ 49.3%
Asset Turnover0.09x--0.08x0.02x0.01x0.02x0.00x0.00x
Asset Growth %50.72%-54.55%-14.6%-2.54%404.22%-25.03%-36.86%61.88%-49.33%
Total Current Liabilities1.43M1.14M685.21K659.53K542.87K449.32K930.89K560.81K973.16K
Accounts Payable212.82K94.2K182.96K101.98K130.5K130.5K405.1K104.12K408.4K
Days Payables Outstanding34.65250.05604.5486.9582.64234.34920.6406.842.47K
Short-Term Debt0000000093.44K
Deferred Revenue (Current)000000000
Other Current Liabilities1.23M1M85.14K0147.76K0269.62K0471.33K
Current Ratio7.53x4.11x4.82x5.23x43.19x37.62x9.79x29.06x6.72x
Quick Ratio7.36x4.11x4.82x5.23x43.19x37.62x9.70x28.89x6.71x
Cash Conversion Cycle7.97------607.03-27.2-2.18K
Total Non-Current Liabilities456.23K428.16K691.3K643.44K1.18M1.04M1.26M1.41M1.2M
Long-Term Debt00091.41K00000
Capital Lease Obligations0082.06K0267.58K202.99K132.3K403.33K309.9K
Deferred Tax Liabilities000000000
Other Non-Current Liabilities456.23K428.16K609.24K552.03K917.1K838.46K1.13M1.01M886.54K
Total Liabilities1.89M1.57M1.38M1.3M1.73M1.49M2.19M1.97M2.17M
Total Debt00265.17K173.46K326.45K267.58K202.99K486.02K403.33K
Net Debt-10.02M-3.26M-2.79M-2.98M-22.84M-16.08M-8.27M-15.36M-5.73M
Debt / Equity--0.07x0.05x0.01x0.01x0.02x0.03x0.05x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage---730.08x-805.70x-381.78x----
Total Equity
11.68M▲ 0%
4.6M▼ 60.6%
3.89M▼ 15.4%
3.83M▼ 1.5%
24.15M▲ 530.7%
17.91M▼ 25.8%
10.06M▼ 43.8%
17.86M▲ 77.5%
7.88M▼ 55.9%
Equity Growth %61.33%-60.63%-15.41%-1.54%530.68%-25.84%-43.83%77.49%-55.88%
Book Value per Share8.833.282.351.084.072.911.622.190.86
Total Shareholders' Equity11.68M4.6M3.89M3.83M24.15M17.91M10.06M17.86M7.88M
Common Stock14K14.03K2.1K3.27K5.89K5.93K6K8.34K8.54K
Retained Earnings-55.41M-63.41M-67.34M-75.14M-79.91M-87.1M-97.05M-107.47M-118.05M
Treasury Stock-7.49K-13.21K-13.21K-13.21K-13.21K-13.21K-13.21K-13.21K-13.21K
Accumulated OCI-957.47K-323.46K0000000
Minority Interest000000000

IPWR Cash Flow Statement

Ideal Power Inc. (IPWR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-7.42M-3.83M-3.22M-3.02M-4.28M-6.38M-7.13M-8.74M-9.14M
Operating CF Margin %-611.71%---705.17%-742.69%-3140.62%-3586.03%-10162.01%-24214.06%
Operating CF Growth %26.59%48.32%16.01%6.2%-41.8%-49.13%-11.71%-22.59%-4.49%
Net Income-10.34M-4.27M-3.12M-7.79M-4.77M-7.19M-9.95M-10.42M-10.58M
Depreciation & Amortization451.55K137.51K110.46K122.15K157.56K245.53K333.9K416.52K457.52K
Stock-Based Compensation1.11M730.8K184.34K868.65K352.31K1.08M2.32M1.6M729.17K
Deferred Taxes000000000
Other Non-Cash Items1.29M56.5K-642.39K3.79M117.1K940274.6K62.13K77.11K
Working Capital Changes71.93K-485.47K248.46K-7.46K-137.57K-516.93K-107.43K-399.67K179.14K
Change in Receivables-35.12K5.62K0-170.29K-62.98K167.33K-4.06K69.31K-23.31K
Change in Inventory233K00000-81.45K-14.96K50.72K
Change in Payables102.71K-118.62K88.75K-80.97K28.52K00-300.98K304.28K
Cash from Investing-434.03K-134.15K-80.51K-67.16K-236.94K-312.74K-522.95K-506.43K-449.49K
Capital Expenditures-434.03K-134.15K-104.1K-13.94K-44.27K-182.65K-240.82K-197.27K-119.48K
CapEx % of Revenue35.8%--3.26%7.68%89.86%121.1%229.29%316.69%
Acquisitions000000000
Investments---------
Other Investing-4.66M-2.79M23.59K-53.22K-192.67K-130.09K-282.12K-309.16K-330.01K
Cash from Financing13.67M-5.72K3.1M3.19M24.53M-127.87K-216.26K16.62M-128.83K
Debt Issued (Net)00091.41K00000
Equity Issued (Net)1000K01000K01000K-127.87K-216.26K1000K110
Dividends Paid000000000
Share Repurchases0-5.72K000-127.87K-216.26K00
Other Financing9.57K-5.72K03.09M3.33M00892.21K-128.94K
Net Change in Cash
5.82M▲ 0%
-6.76M▼ 216.3%
-200.4K▲ 97.0%
99.57K▲ 149.7%
20.01M▲ 19998.5%
-6.82M▼ 134.1%
-7.87M▼ 15.3%
7.37M▲ 193.6%
-9.71M▼ 231.8%
Free Cash Flow
-7.85M▲ 0%
-3.97M▲ 49.5%
-3.32M▲ 16.2%
-3.09M▲ 7.1%
-4.52M▼ 46.4%
-6.57M▼ 45.3%
-7.37M▼ 12.3%
-9.25M▼ 25.5%
-9.25M▼ 0.1%
FCF Margin %-647.51%---720.86%-783.8%-3230.48%-3707.13%-10750.66%-24530.75%
FCF Growth %27.67%49.47%16.23%7.12%-46.39%-45.35%-12.27%-25.45%-0.06%
FCF per Share-5.94-2.83-2.01-0.87-0.76-1.07-1.19-1.13-1.01
FCF Conversion (FCF/Net Income)0.72x0.48x0.82x0.39x0.90x0.89x0.72x0.84x0.86x
Interest Paid000000000
Taxes Paid000000000

IPWR Key Ratios

Ideal Power Inc. (IPWR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-91.85%-109.25%-97.12%-92.66%-201.96%-34.1%-34.19%-71.18%-74.64%-82.22%
Return on Invested Capital (ROIC)-352.81%-330.9%-215.74%-191.78%-314.19%-338.04%-351.14%-429.14%-387.45%-352.71%
Gross Margin-19.09%-84.92%-----19.24%-8.57%-60.11%
Net Margin-674.21%-852.54%---1820.46%-827.6%-3536.86%-5005.26%-12109.23%-28038.65%
Debt / Equity---0.07x0.05x0.01x0.01x0.02x0.03x0.05x
Interest Coverage----730.08x-805.70x-381.78x----
FCF Conversion0.92x0.72x0.48x0.82x0.39x0.90x0.89x0.72x0.84x0.86x
Revenue Growth-61.77%-25.57%-100%--34.63%-64.73%-2.16%-56.74%-56.15%

IPWR Frequently Asked Questions

Ideal Power Inc. (IPWR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ideal Power Inc. (IPWR) reported $0.0M in revenue for fiscal year 2025. This represents a 96% decrease from $0.9M in 2011.

Ideal Power Inc. (IPWR) saw revenue decline by 56.1% over the past year.

Ideal Power Inc. (IPWR) reported a net loss of $10.6M for fiscal year 2025.

Dividend & Returns

Ideal Power Inc. (IPWR) has a return on equity (ROE) of -82.2%. Negative ROE indicates the company is unprofitable.

Ideal Power Inc. (IPWR) had negative free cash flow of $9.4M in fiscal year 2025, likely due to heavy capital investments.

Explore More IPWR

Ideal Power Inc. (IPWR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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