Ideal Power Inc. income statement
In fiscal 2025, Ideal Power Inc. reported revenue of $37,728, down 56.1% on the year before, operating income of −$10.9m (a -28979.0% margin) and net income of −$10.6m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 2 | 4 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 1 | 2 | 2 | 4 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 0 | −0 | −0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0 | −0 | 0 |
| Research and development | 1 | 1 | 2 | 6 | 5 | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 6 | 6 | 6 |
| Selling and marketing | 0 | 0 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| General and administrative | 2 | 2 | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 5 |
| Operating income | −3 | −4 | −7 | −10 | −11 | −4 | −4 | −3 | −4 | −5 | −7 | −10 | −11 | −11 | −12 |
| Interest expense | 2 | 5 | 0 | — | — | — | — | 0 | 0 | 0 | — | — | — | — | — |
| Net interest income | — | −5 | 0 | 0 | 0 | 0 | 0 | −0 | — | −0 | 0 | 0 | 1 | 0 | 0 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | — |
| Net income | −5 | −10 | −7 | −10 | −11 | −10 | −8 | −4 | −8 | −5 | −7 | −10 | −10 | −11 | −12 |
| Diluted EPS | −$31.70 | −$49.00 | −$0.98 | −$1.23 | −$1.15 | −$0.79 | −$5.64 | −$2.38 | −$2.20 | −$0.80 | −$1.17 | — | — | — | −$1.02 |
| Diluted shares (average) | — | — | — | — | — | 1m | 1m | 2m | 4m | 6m | 6m | 6m | 8m | 9m | 12m |
| EBITDA | −3 | −4 | −7 | −10 | −11 | −4 | −4 | −3 | −4 | −5 | −7 | −10 | −11 | −11 | −12 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 5 | 12 | 1 | 24 | 0 | 0 | 6 |
| Cost of revenue | 2 | 6 | 31 | 3 | 26 | 0 | 0 | 4 |
| Gross profit | −1 | −1 | −19 | −2 | −2 | 0 | 0 | 2 |
| Research and development | 1,684 | 1,594 | 1,568 | 1,900 | 1,793 | 786 | 2,032 | 1,430 |
| Selling and marketing | 321 | 251 | 338 | 341 | 267 | 151 | 440 | 537 |
| General and administrative | 894 | 913 | 900 | 897 | 959 | 1,011 | 1,220 | 1,658 |
| Operating income | −2,900 | −2,759 | −2,825 | −3,140 | −3,020 | −1,948 | −3,692 | −3,623 |
| Net interest income | 209 | 163 | 122 | 104 | 80 | 50 | 61 | 210 |
| Net income | −2,690 | −2,596 | −2,703 | −3,037 | −2,941 | −1,898 | −3,632 | −3,413 |
| EBITDA | −2,813 | −2,668 | −2,734 | −3,049 | −2,926 | −1,852 | −3,598 | −3,523 |
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