Ideal Power Inc. (IPWR)

Ideal Power Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	41.29	6.13	15.84	8.47	16.35	23.17
Cash & Short-Term Investments	41.29	6.13	15.84	8.47	16.35	23.17
Cash Growth	271.84%	-61.31%	86.94%	-48.15%	-29.45%	633.87%
Accounts Receivable	0.03	0.02	0	0.07	0.07	0.23
Receivables	0.03	0.02	0	0.07	0.07	0.23
Inventory	0.06	0.01	0.1	0.08	-	-
Prepaid Expenses	0.21	0.21	0.22	0.35	0.38	0.02
Other Current Assets	-	0.16	0.14	0.13	0.11	0.02
Total Current Assets	41.6	6.54	16.3	9.11	16.9	23.45
Property, Plant & Equipment	0.8	0.77	0.9	0.55	0.45	0.36
Other Intangible Assets	2.57	2.69	2.61	2.58	2.04	2.06
Other Long-Term Assets	0.08	0.04	0.02	0.01	0.01	0.01
Total Assets	45.05	10.05	19.83	12.25	19.4	25.88

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.44	0.41	0.1	0.41	0.13	0.13
Accrued Expenses	0.83	0.47	0.37	0.46	0.25	0.28
Current Portion of Leases	0.1	0.09	0.08	0.07	0.06	0.06
Current Income Taxes Payable	-	-	-	-	-	0.08
Other Current Liabilities	0.13	-	-	-	-	-
Total Current Liabilities	1.49	0.97	0.56	0.93	0.45	0.54
Long-Term Leases	0.26	0.31	0.4	0.13	0.2	0.27
Other Long-Term Liabilities	0.82	0.89	1.01	1.13	0.84	0.92
Total Liabilities	2.58	2.17	1.97	2.19	1.49	1.73

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	167.56	125.93	125.33	107.12	105.01	104.06
Retained Earnings	-125.09	-118.05	-107.47	-97.05	-87.1	-79.91
Treasury Stock	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Total Common Equity	42.47	7.88	17.86	10.06	17.91	24.15
Shareholders' Equity	42.47	7.88	17.86	10.06	17.91	24.15
Total Liabilities & Equity	45.05	10.05	19.83	12.25	19.4	25.88

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.36	0.4	0.49	0.2	0.27	0.33
Net Cash (Debt)	40.94	5.73	15.36	8.27	16.08	22.84
Net Cash Growth	284.05%	-62.72%	85.65%	-48.55%	-29.62%	665.59%
Net Cash Per Share	3.53	0.63	1.88	1.34	2.61	3.85
Filing Date Shares Outstanding	16.43	12.09	8.34	7.37	5.92	5.9
Total Common Shares Outstanding	16.42	8.54	8.34	6	5.92	5.89
Working Capital	40.1	5.57	15.74	8.18	16.45	22.9
Book Value Per Share	2.59	0.92	2.14	1.68	3.02	4.10
Tangible Book Value	39.9	5.19	15.24	7.48	15.87	22.09
Tangible Book Value Per Share	2.43	0.61	1.83	1.25	2.68	3.75
Buildings	-	0.03	0.02	0.01	0.01	0.01
Machinery	-	0.66	0.56	0.42	0.33	0.16

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

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