Ideal Power Inc.
Close on Oct 19, 2026
- Market cap
- $49.62M
- P/E (TTM)
- –
- Dividend yield
- –
About Ideal Power
Semiconductors & Related Devices, SIC 3674
Ideal Power Inc. develops and commercializes semiconductor power switch technology based on its proprietary Bidirectional bipolar junction TRANsistor (B-TRAN®) architecture. The company focuses on solid-state power switches that enable bidirectional electrical flow with low conduction losses. Its primary commercial offerings include the discrete B-TRAN® device and the multi-die SymCool® Power Module. Ideal Power markets its products and collaborates with partners across applications such as solid-state circuit protection, electric vehicle contactors, and automotive drivetrain inverters.
The company operates utilizing qualified third-party semiconductor foundries to fabricate silicon wafers using conventional manufacturing equipment and processes. Its corporate operations and principal executive offices are located in Austin, Texas. Ideal Power collaborates with global automakers, circuit protection equipment manufacturers, and distribution partners across North America, Europe, and Asia.
Summary of the business section of Ideal Power's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Ideal Power Inc.
- Founded
- 2007
- Headquarters
- Austin, TX
- Address
- 5508 Highway 290 West, Suite 120 78735
- Phone
- (512) 264-1542
- Website
- www.idealpower.com
- Employees
- 17, Dec 31, 2025
- Industry
- Semiconductors & Related Devices
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- BPM LLP, San Jose, California
Stock & identifiers
- Ticker
- IPWR
- Exchange
- Nasdaq
- IPO date
- Nov 25, 2013
- Shares outstanding
- 16M, Aug 11, 2026
- Public float
- $37.50M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-10 reverse, Aug 20, 2019; 1-for-10 reverse, Aug 15, 2019
- SEC CIK
- 1507957
- CUSIP
- 451622203
- ISIN
- US4516222035
- LEI
- 529900GSUN7DW3QD5F50
- EIN
- 14-1999058
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David M. Somo | President and CEO, Director | 413,383 |
| Daniel Brdar | President and CEO, Director | 174,652 |
| Timothy Burns | CFO | 114,699 |
| Michael C. Turmelle | Director | 83,582 |
| Laban E. Lesster | Director | 42,166 |
| Gregory C. Knight | Director | 39,166 |
| Drue Freeman | Director | 39,166 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David Somo | $2.16M | $1.42M | $494.79K | $29 | – |
| FY2025 RDaniel Brdar | $678.22K | -$132.79K | $494.79K | $29 | – |
| FY2024 | $1.18M | $1.09M | $669.29K | $71 | – |
| FY2024 David Somo | $0 | $0 | $669.29K | $71 | – |
| FY2024 RDaniel Brdar | $1.18M | $1.09M | $669.29K | $71 | – |
| FY2023 | $627.70K | $92.16K | $400.33K | $73 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of February 28, 2026, we had 17 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 14, 2022 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jan 14, 2022 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 7, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 31, 2020 | Late filing | Notification of late filing |
| Sep 24, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 21, 2019 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Mar 12, 2019 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Sep 13, 2018 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Nov 25, 2013 | IPO | Initial public offering priced (424B4 prospectus) |
| Nov 21, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 5, 2012 | Name change | Name changed from Ideal Power Converters, Inc. to Ideal Power Inc. |