IPWR · XBRL financial data

Ideal Power financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (IPWR's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cost of revenue	3	46*	68	17	2	6*	31	3	26	0*	0	4
Gross profit	(1)	—	10	(16)	(1)	—	(19)	(2)	(2)	—	0	2
Research and development	1,691	1,406*	1,367	1,563	1,684	1,594*	1,568	1,900	1,793	786*	2,032	1,430
General and administrative	854	850*	854	947	894	913*	900	897	959	1,011*	1,220	1,658
Total operating expenses	2,839	2,500*	2,537	2,870	2,899	2,758*	2,806	3,138	3,019	1,948*	3,692	3,625
Operating income (loss)	(2,840)	(2,485)*	(2,527)	(2,886)	(2,900)	(2,759)*	(2,825)	(3,140)	(3,020)	(1,948)*	(3,692)	(3,623)
Income tax expense (benefit)	—	—	—	—	—	year only	—	—	—	year only	—	—
Net income (loss)	(2,740)	(2,406)*	(2,470)	(2,662)	(2,690)	(2,596)*	(2,703)	(3,037)	(2,941)	(1,898)*	(3,632)	(3,413)
Earnings per share, basic USD per share	(0.44)	(0.39)*	(0.39)	(0.31)	(0.31)	(0.29)*	(0.30)	(0.33)	(0.32)	(0.21)*	(0.33)	(0.20)
Weighted average shares, basic thousands of shares	6,192	6,206*	6,320	8,515	8,767	9,044*	9,102	9,117	9,153	9,168*	11,159	16,934

Balance sheet

CSV

Fiscal quarters (IPWR's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	10,761	8,475	20,235	20,065	18,656	15,843	13,697	11,106	8,394	6,129	16,411	41,294
Accounts receivable	100	70	140	1	1	1	9	8	32	24	24	30
Inventory	—	81	109	80	60	96	89	77	65	10	42	62
Prepaid and other current assets	382	483	272	317	304	357	313	234	184	378	324	208
Total current assets	11,243	9,109	20,757	20,463	19,021	16,297	14,108	11,425	8,675	6,541	16,800	41,595
Property and equipment, net	343	359	350	352	447	415	390	382	409	377	481	447
Right-of-use asset	202	187	170	0	504	483	463	441	420	397	375	352
Total assets	14,359	12,248	23,891	23,420	22,601	19,827	17,594	14,948	12,226	10,047	20,458	45,048
Accounts payable	64	405	382	231	76	104	156	153	229	408	758	437
Accrued liabilities	691	455	504	649	750	374	455	664	569	471	643	957
Total current liabilities	824	931	959	880	907	561	696	904	889	973	1,497	1,493
Lease liability, non-current	151	132	114	0	425	403	381	358	334	310	285	259
Total liabilities	2,139	2,188	2,181	1,946	2,381	1,972	2,067	2,210	2,152	2,170	2,650	2,577
Accumulated deficit	(94,644)	(97,049)	(99,519)	(102,181)	(104,871)	(107,467)	(110,170)	(113,207)	(116,148)	(118,046)	(121,677)	(125,090)
Total stockholders' equity	12,220	10,060	21,711	21,474	20,220	17,855	15,527	12,738	10,074	7,877	17,808	42,471
Total liabilities and equity	14,359	12,248	23,891	23,420	22,601	19,827	17,594	14,948	12,226	10,047	20,458	45,048
Common shares outstanding (cover page) thousands of shares	5,945	7,372	7,684	7,694	8,148	8,338	8,348	8,498	8,511	12,089	12,156	16,435

Cash flows

CSV

Fiscal quarters (IPWR's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(2,740)	(2,406)*	(2,470)	(2,662)	(2,690)	(2,596)*	(2,703)	(3,037)	(2,941)	(1,898)*	(3,632)	(3,413)
Stock-based compensation	626*	462*	381	365*	418*	432*	385	330*	283*	(269)*	991	644*
Depreciation and amortization	72*	78*	81	83*	87*	90*	90	92*	94*	95*	94	100*
Net cash from operating activities	(1,770)*	(1,953)*	(1,875)	(2,096)*	(2,222)*	(2,550)*	(2,067)	(2,359)*	(2,548)*	(2,162)*	(2,035)	(2,438)*
Purchases of property and equipment	84*	42*	30	34*	129*	4*	11	30*	70*	8*	142	10*
Net cash from investing activities	(152)*	(117)*	(104)	(135)*	(206)*	(61)*	(70)	(150)*	(156)*	(73)*	(254)	(110)*
Proceeds from issuing common stock	0*	0*	13,653	2,072*	0*	0*	0	0*	0*	0*	12,575	27,685*
Net cash from financing activities	0*	(216)*	13,739	2,061*	1,019*	(202)*	(9)	(82)*	(7)*	(30)*	12,571	27,432*
Net change in cash	(1,922)*	(2,286)*	11,761	(171)*	(1,409)*	(2,813)*	(2,146)	(2,591)*	(2,711)*	(2,265)*	10,282	24,884*

Compare with peers

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Ideal Power	41,294	not reported	(2,438)*	16.4M	16.9 quarters	Q2 FY26 10-QJun 30, 2026
FTC Solar	5,076	32,813	5,555*	18.3M	—	Q3 FY26 10-QSep 30, 2026
R F Industries	4,454	23,960	1,611*	10.8M	—	Q3 FY26 10-QJul 31, 2026
Tigo Energy	16,914	25,406	(1,040)*	76.8M	16.3 quarters	Q2 FY26 10-QJun 30, 2026
Mobix Labs	2,142	789	(5,702)*	not reported	0.4 quarters	Q3 FY26 10-QJun 30, 2026
Solitron Devices	7,357	5,657	1,430*	2.2M	—	Q2 FY27 10-QAug 31, 2026
Key Tronic	584	year only	(5,547)*	11.1M	0.1 quarters	Q4 FY26 10-KJun 27, 2026
LGL Group	45,115	1,153	(393)*	12.6M	114.9 quarters	Q2 FY26 10-QJun 30, 2026
GCT Semiconductor Holding	30,228	971	(16,556)*	92.0M	1.8 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.