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Earnings analysis · 10-Q

IPWR earnings analysis

Filed August 13, 2026 · Our reading of the company's report

The latest report

Ideal Power’s Q2 EPS improved to -$0.20, but revenue was only $5,800 and the company remained significantly loss-making, with a $3.4 million net loss and $3.6 million of operating expenses. Liquidity improved to $41.3…

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Ideal Power’s Q2 EPS improved to -$0.20, but revenue was only $5,800 and the company remained significantly loss-making, with a $3.4 million net loss and $3.6 million of operating expenses. Liquidity improved to $41.3 million following $27.7 million of net financing proceeds, reducing near-term funding pressure. No material risk-factor changes or numeric forward guidance were disclosed; management continued to emphasize design-ins, development agreements and production orders.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

0% Gross margin Operating margin Nov 2024 Nov 2025

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Aug 2024 Aug 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$-0.2

What stood out

  • EPS Improved Year Over Year

    Q2 diluted EPS was -$0.20, an improvement from -$0.33 in Q2 2025 and -$0.33 in Q1 2026.

  • Financing Improved Liquidity

    Liquidity increased to $41.3 million after $27.7 million of net financing proceeds, strengthening near-term funding capacity.

  • Foundry and IP Platform Expanded

    The company reported a foundry agreement and 105 patents, supporting its commercialization and intellectual-property platform.

What to watch

  • Revenue Remains Minimal

    Q2 revenue was only $5,800, indicating that commercial revenue remains minimal despite management’s stated focus on an initial revenue ramp.

  • Operating Losses Remain High

    The company recorded a net loss of $3.4 million while operating expenses were $3.6 million, highlighting continued operating losses ahead of meaningful revenue scale.

  • Funding Depends on Commercialization

    The filing states there were no material changes from the risk factors in the December 31, 2025 Form 10-K; however, the $41.3 million liquidity balance remains dependent on financing and future commercialization progress.

Management's outlook

No numeric revenue or EPS guidance was provided. Management reiterated priorities to drive an initial revenue ramp and convert opportunities into design-ins, development agreements and production orders.

Earlier filings 4

10-Q · May 15, 2026

Ideal Power reported disappointing results for Q1 2026, with no revenue generated and an EPS of -$0.33, missing the estimated EPS of -$0.29. The company continues to expand its cash position, ending the quarter with…

10-K · March 27, 2026

Ideal Power remains an early-stage commercializing power‑semiconductor company: it launched two products (discrete B‑TRAN® and SymCool® Power Module) and recorded modest commercial revenue of $37,728 in 2025 (vs.…

10-Q · November 13, 2025

Ideal Power reported Q3 2025 revenue of $24,450 (vs. $554 in Q3 2024) showing early commercial traction, but GAAP results remain deeply negative with a Q3 net loss of $2,940,650 and EPS of $(0.32). Cash fell to…

10-Q · August 14, 2025

Ideal Power reported Q2 2025 revenue of $1,275 and GAAP diluted EPS of $(0.33), with a gross loss of $2,202 and operating loss of $3,140,493. Revenue collapsed sequentially from $12,003 in Q1 2025 to $1,275 in Q2 2025,…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.