IPWRNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Ideal Power Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.93−0.05 (-1.68%)
Close on Oct 19, 2026
- Market cap
- $49.62M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
-60.1%−60.1 pts over 5 years
Operating margin
-28979.0%−28028.8 pts over 5 years
Net margin
-28038.6%−26218.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -56.1% | -43.0% | -38.5% | -37.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -91.8% | -202.0% | -82.2% | |
| Return on assets | -77.7% | -149.9% | -70.8% | |
| Current ratio | 4.11 | 5.23 | 6.72 | |
| Interest coverage | – | -805.7× | – | |
| Inventory turnover | 2.0× | – | 1.1× | |
| Capex to revenue | 24.0% | 3.3% | 316.7% | |
| Diluted shares | 1M | 4M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ideal Power generated $35.67M from operations and spent $784.49K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$35.67M
Used
$784.49K
Capital expenditure$784.49K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-28038.6%
×Asset turnover0.00×
×Equity multiplier1.16×
=Return on equity, FY2025-82.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -28038.6% | 0.00× | 1.16× | -82.2% |
| FY2024 | -12109.2% | 0.01× | 1.15× | -74.6% |
| FY2023 | -5005.3% | 0.01× | 1.13× | -71.2% |
| FY2022 | -3536.9% | 0.01× | 1.08× | -34.2% |
| FY2021 | -827.6% | 0.04× | 1.11× | -34.1% |
| FY2020 | -1820.5% | 0.08× | 1.35× | -202.0% |
| FY2016 | -674.2% | 0.12× | 1.18× | -91.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$10.58M
- Cash generatingOperating cash flow above zero-$9.14M
- Return on assets improvedROA up on the prior year-85.1% → -53.4%
- Earnings backed by cashOperating cash flow above net income-$9.14M vs -$10.58M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose29.06 → 6.72
- No dilutionShare count did not rise8M → 9M
- Gross margin improvedGross margin up on the prior year-8.57% → -60.11%
- More efficientAsset turnover rose0.01 → 0.00