Ideal Power Inc. (IPWR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ideal Power Inc. (IPWR) stock price & volume — 10-year historical chart
Ideal Power Inc. (IPWR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ideal Power Inc. (IPWR) competitors in Power Conversion and Power Electronics — business model, growth, and fundamentals comparison
Ideal Power Inc. (IPWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ideal Power Inc. (IPWR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.21M | 0 | 0 | 428.13K | 576.4K | 203.27K | 198.87K | 86.03K | 37.73K |
| Revenue Growth % | -25.57% | -100% | - | - | 34.63% | -64.73% | -2.16% | -56.74% | -56.15% |
| Cost of Goods Sold | 2.24M | 137.51K | 110.46K | 428.13K | 576.4K | 203.27K | 160.61K | 93.41K | 60.41K |
| COGS % of Revenue | 184.92% | - | - | 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 Expenses | 9.32M | 4.31M | 3.12M | 4.07M | 4.85M | 7.34M | 10.39M | 11.06M | 10.91M |
| OpEx % of Revenue | 769.08% | - | - | 950.18% | 841.25% | 3612.43% | 5224.67% | 12860.1% | 28918.86% |
| Selling, General & Admin | 5.14M | 3.44M | 2.07M | 2.35M | 2.92M | 3.98M | 4.65M | 4.86M | 4.86M |
| SG&A % of Revenue | 423.86% | - | - | 548.22% | 506.81% | 1956.12% | 2336.76% | 5645.09% | 12890.42% |
| Research & Development | 4.18M | 871.74K | 1.05M | 1.72M | 1.93M | 3.37M | 5.74M | 6.21M | 6.05M |
| R&D % of Revenue | 345.21% | - | - | 401.96% | 334.45% | 1656.32% | 2887.91% | 7215.01% | 16028.44% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 154.76K | 137.51K | 110.46K | 122.15K | 157.56K | 187.08K | 271.75K | 416.52K | 457.52K |
| EBIT | -4.21M | -4.27M | -3.12M | -7.79M | -4.85M | -7.34M | -10.35M | -11.07M | -10.93M |
| Net Interest Income | 0 | 0 | -4.27K | -5.05K | -12.7K | 153.61K | 398.07K | 653.36K | 354.77K |
| Interest Income | 17.59K | 0 | 0 | 0 | 0 | 153.61K | 398.07K | 653.36K | 354.77K |
| Interest Expense | 0 | 0 | 4.27K | 5.05K | 12.7K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -6.21M | 40.02K | -4.27K | -3.73M | 78.71K | 153.61K | 398.07K | 653.36K | 354.77K |
| 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 | -17.59K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 Operations | 0 | -3.63M | -808.13K | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 Outstanding | 1.32M | 1.4M | 1.65M | 3.54M | 5.94M | 6.16M | 6.19M | 8.17M | 9.14M |
| Basic Shares Outstanding | 1.32M | 1.4M | 1.65M | 3.54M | 5.94M | 6.16M | 6.19M | 8.17M | 9.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Ideal Power Inc. (IPWR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 10.78M | 4.69M | 3.31M | 3.45M | 23.45M | 16.9M | 9.11M | 16.3M | 6.54M |
| Cash & Short-Term Investments | 10.02M | 3.26M | 3.07M | 3.16M | 23.17M | 16.35M | 8.47M | 15.84M | 6.13M |
| Cash Only | 10.02M | 3.26M | 3.06M | 3.16M | 23.17M | 16.35M | 8.47M | 15.84M | 6.13M |
| Short-Term Investments | 0 | 0 | 7.41K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.62K | 0 | 0 | 170.29K | 233.26K | 65.94K | 70K | 692 | 24K |
| Days Sales Outstanding | 1.69 | - | - | 145.18 | 147.71 | 118.4 | 128.48 | 2.94 | 232.19 |
| Inventory | 251.36K | 0 | 0 | 0 | 0 | 0 | 81.45K | 96.41K | 9.7K |
| Days Inventory Outstanding | 40.93 | - | - | - | - | - | 185.1 | 376.71 | 58.61 |
| Other Current Assets | 296.5K | 1.21M | 48.13K | 0 | 17.22K | 109.69K | 131.97K | 77.81K | 377.9K |
| Total Non-Current Assets | 2.79M | 1.48M | 1.96M | 1.69M | 2.43M | 2.5M | 3.14M | 3.53M | 3.51M |
| Property, Plant & Equipment | 669.57K | 63.21K | 307.61K | 116.84K | 363.33K | 448.82K | 545.79K | 898.73K | 774.11K |
| Fixed Asset Turnover | 1.81x | - | - | 3.66x | 1.59x | 0.45x | 0.36x | 0.10x | 0.05x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.08M | 1.4M | 1.63M | 1.57M | 2.06M | 2.04M | 2.58M | 2.61M | 2.69M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 37.5K | 17.92K | 17.92K | 0 | 11.19K | 11.19K | 13.03K | 19.35K | 44.46K |
| 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 Turnover | 0.09x | - | - | 0.08x | 0.02x | 0.01x | 0.02x | 0.00x | 0.00x |
| Asset Growth % | 50.72% | -54.55% | -14.6% | -2.54% | 404.22% | -25.03% | -36.86% | 61.88% | -49.33% |
| Total Current Liabilities | 1.43M | 1.14M | 685.21K | 659.53K | 542.87K | 449.32K | 930.89K | 560.81K | 973.16K |
| Accounts Payable | 212.82K | 94.2K | 182.96K | 101.98K | 130.5K | 130.5K | 405.1K | 104.12K | 408.4K |
| Days Payables Outstanding | 34.65 | 250.05 | 604.54 | 86.95 | 82.64 | 234.34 | 920.6 | 406.84 | 2.47K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93.44K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.23M | 1M | 85.14K | 0 | 147.76K | 0 | 269.62K | 0 | 471.33K |
| Current Ratio | 7.53x | 4.11x | 4.82x | 5.23x | 43.19x | 37.62x | 9.79x | 29.06x | 6.72x |
| Quick Ratio | 7.36x | 4.11x | 4.82x | 5.23x | 43.19x | 37.62x | 9.70x | 28.89x | 6.71x |
| Cash Conversion Cycle | 7.97 | - | - | - | - | - | -607.03 | -27.2 | -2.18K |
| Total Non-Current Liabilities | 456.23K | 428.16K | 691.3K | 643.44K | 1.18M | 1.04M | 1.26M | 1.41M | 1.2M |
| Long-Term Debt | 0 | 0 | 0 | 91.41K | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 82.06K | 0 | 267.58K | 202.99K | 132.3K | 403.33K | 309.9K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 456.23K | 428.16K | 609.24K | 552.03K | 917.1K | 838.46K | 1.13M | 1.01M | 886.54K |
| Total Liabilities | 1.89M | 1.57M | 1.38M | 1.3M | 1.73M | 1.49M | 2.19M | 1.97M | 2.17M |
| Total Debt | 0 | 0 | 265.17K | 173.46K | 326.45K | 267.58K | 202.99K | 486.02K | 403.33K |
| Net Debt | -10.02M | -3.26M | -2.79M | -2.98M | -22.84M | -16.08M | -8.27M | -15.36M | -5.73M |
| Debt / Equity | - | - | 0.07x | 0.05x | 0.01x | 0.01x | 0.02x | 0.03x | 0.05x |
| 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 Share | 8.83 | 3.28 | 2.35 | 1.08 | 4.07 | 2.91 | 1.62 | 2.19 | 0.86 |
| Total Shareholders' Equity | 11.68M | 4.6M | 3.89M | 3.83M | 24.15M | 17.91M | 10.06M | 17.86M | 7.88M |
| Common Stock | 14K | 14.03K | 2.1K | 3.27K | 5.89K | 5.93K | 6K | 8.34K | 8.54K |
| 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 | -323.46K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ideal Power Inc. (IPWR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'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 & Amortization | 451.55K | 137.51K | 110.46K | 122.15K | 157.56K | 245.53K | 333.9K | 416.52K | 457.52K |
| Stock-Based Compensation | 1.11M | 730.8K | 184.34K | 868.65K | 352.31K | 1.08M | 2.32M | 1.6M | 729.17K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.29M | 56.5K | -642.39K | 3.79M | 117.1K | 940 | 274.6K | 62.13K | 77.11K |
| Working Capital Changes | 71.93K | -485.47K | 248.46K | -7.46K | -137.57K | -516.93K | -107.43K | -399.67K | 179.14K |
| Change in Receivables | -35.12K | 5.62K | 0 | -170.29K | -62.98K | 167.33K | -4.06K | 69.31K | -23.31K |
| Change in Inventory | 233K | 0 | 0 | 0 | 0 | 0 | -81.45K | -14.96K | 50.72K |
| Change in Payables | 102.71K | -118.62K | 88.75K | -80.97K | 28.52K | 0 | 0 | -300.98K | 304.28K |
| 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 Revenue | 35.8% | - | - | 3.26% | 7.68% | 89.86% | 121.1% | 229.29% | 316.69% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -4.66M | -2.79M | 23.59K | -53.22K | -192.67K | -130.09K | -282.12K | -309.16K | -330.01K |
| Cash from Financing | 13.67M | -5.72K | 3.1M | 3.19M | 24.53M | -127.87K | -216.26K | 16.62M | -128.83K |
| Debt Issued (Net) | 0 | 0 | 0 | 91.41K | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | 0 | 1000K | -127.87K | -216.26K | 1000K | 110 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -5.72K | 0 | 0 | 0 | -127.87K | -216.26K | 0 | 0 |
| Other Financing | 9.57K | -5.72K | 0 | 3.09M | 3.33M | 0 | 0 | 892.21K | -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) | 0.72x | 0.48x | 0.82x | 0.39x | 0.90x | 0.89x | 0.72x | 0.84x | 0.86x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ideal Power Inc. (IPWR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | 0.07x | 0.05x | 0.01x | 0.01x | 0.02x | 0.03x | 0.05x |
| Interest Coverage | - | - | - | -730.08x | -805.70x | -381.78x | - | - | - | - |
| FCF Conversion | 0.92x | 0.72x | 0.48x | 0.82x | 0.39x | 0.90x | 0.89x | 0.72x | 0.84x | 0.86x |
| Revenue Growth | -61.77% | -25.57% | -100% | - | - | 34.63% | -64.73% | -2.16% | -56.74% | -56.15% |
Ideal Power Inc. (IPWR) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Ideal Power Inc. (IPWR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates