IPWR · XBRL financial data

Ideal Power financial statements, every fiscal year

The same tables from 6 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 years (IPWR's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cost of revenue	428	576	203	161	93	60
Gross profit	0	0	0	38	(7)	(23)
Research and development	1,721	1,928	3,367	5,743	6,207	6,047
General and administrative	2,347	2,408	3,124	3,533	3,609	3,767
Total operating expenses	4,068	4,849	7,343	10,390	11,064	10,911
Operating income (loss)	(4,068)	(4,849)	(7,343)	(10,352)	(11,071)	(10,933)
Interest expense	5	13	—	—	—	—
Other income (expense)	—	79	154	—	—	—
Income tax expense (benefit)	—	—	—	—	0	1
Net income (loss)	(7,794)	(4,770)	(7,189)	(9,954)	(10,418)	(10,578)
Earnings per share, basic USD per share	(2.20)	(0.80)	(1.17)	(1.61)	(1.28)	(1.16)
Earnings per share, diluted USD per share	(2.20)	(0.80)	(1.17)	—	—	—
Weighted average shares, basic thousands of shares	3,539	5,938	6,158	6,191	8,165	9,135
Weighted average shares, diluted thousands of shares	3,539	5,938	6,158	—	—	—

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3,157	23,170	16,346	8,475	15,843	6,129
Accounts receivable	170	233	66	70	1	24
Inventory	—	—	0	81	96	10
Prepaid and other current assets	119	44	491	483	357	378
Total current assets	3,446	23,447	16,903	9,109	16,297	6,541
Property and equipment, net	37	56	200	359	415	377
Right-of-use asset	80	307	249	187	483	397
Total assets	5,132	25,877	19,399	12,248	19,827	10,047
Accounts payable	102	131	131	405	104	408
Accrued liabilities	475	354	254	455	374	471
Total current liabilities	660	543	449	931	561	973
Lease liability, non-current	—	268	203	132	403	310
Total liabilities	1,303	1,728	1,491	2,188	1,972	2,170
Accumulated deficit	(75,136)	(79,906)	(87,095)	(97,049)	(107,467)	(118,046)
Total stockholders' equity	3,829	24,150	17,909	10,060	17,855	7,877
Total liabilities and equity	5,132	25,877	19,399	12,248	19,827	10,047
Common shares outstanding (cover page) thousands of shares	5,872	5,904	5,925	7,372	8,338	12,089

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(7,794)	(4,770)	(7,189)	(9,954)	(10,418)	(10,578)
Stock-based compensation	869	352	976	2,321	1,596	729
Depreciation and amortization	122	158	187	272	341	371
Net cash from operating activities	(3,019)	(4,281)	(6,384)	(7,132)	(8,743)	(9,135)
Purchases of property and equipment	14	44	183	241	197	119
Net cash from investing activities	(67)	(237)	(313)	(523)	(506)	(449)
Proceeds from issuing common stock	0	21,205	0	0	15,725	0
Net cash from financing activities	3,186	24,531	(128)	(216)	16,617	(129)
Net change in cash	—	—	(6,825)	(7,871)	7,368	(9,714)

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	16,753	24,039	1,992*	77.6M	—	Q3 FY26 10-QSep 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.