Here are the 10-K annual reports from Ideal Power Inc. (IPWR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IPWR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IPWR filings page.
Ideal Power Inc. reports full-year 2025 results and continued progress commercializing its B-TRAN® solid-state power switch technology. The company generated $37,728 in commercial revenue in 2025, down from $86,032 in 2024, and recorded a net loss of about $10.6 million versus $10.4 million a year earlier.
Management remains focused on B-TRAN® development and early commercialization, with initial products (discrete B-TRAN® and SymCool® Power Module) shipping in low volumes for customer evaluation. Ideal Power secured its first design win in late 2024 for solid-state circuit breakers and expanded customer engagements across automotive, data center, renewable energy and industrial markets.
Cash and cash equivalents were $6.1 million as of December 31, 2025. In February 2026, the company raised an estimated $12.6 million in net proceeds through a common stock and pre-funded warrant offering to support further B-TRAN® commercialization, development and general corporate purposes. Ideal Power also executed a CEO transition in November 2025, appointing David Somo as President and Chief Executive Officer.