IPWR on Nasdaq

Ideal Power Inc.

Ideal Power Inc. was formed in Texas on May 17, 2007 and converted to a Delaware corporation on July 15, 2013.4 From its latest annual report

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerIPWR on Nasdaq2
  • IndustrySemiconductors & Related Devices2
  • HeadquartersSpicewood, United States2
  • Incorporated inDE3
  • Business address5508 Highway 290 West, Suite 120, Austin, Tx 787353
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900GSUN7DW3QD5F502
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressSuite 600, 5004 Bee Creek Road, 78669 Spicewood, United States2

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Ideal Power Inc. was formed in Texas on May 17, 2007 and converted to a Delaware corporation on July 15, 2013. Unless otherwise stated or the context otherwise requires, the terms “Ideal Power,” “we,” “us,” “our” and the “Company” refer to Ideal Power Inc.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-60.1%Gross margin5
-28979.0%Operating margin5
-28038.6%Net margin5
-56.1%Revenue growth, 20255
-134.3%Return on equity5
-$9.3MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue1¢$60.4K
  • Research and development99¢$6.0M
  • Income tax0¢$1.3K

Out of $37.7K in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$37.7K in 2025
0$200.0K$400.0K$600.0K2019: $0$020192020: $428.1K$428.1K20202021: $576.4K$576.4K2021+35%2022: $203.3K$203.3K2022−65%2023: $198.9K$198.9K2023−2%2024: $86.0K$86.0K2024−57%2025: $37.7K$37.7K2025−56%
Gross profit6789105-$22.7K in 2025
-$40.0K-$20.0K0$20.0K$40.0K2019: $0$020192020: $0$020202021: $0$020212022: $0$020222023: $38.3K$38.3K20232024: -$7.4K-$7.4K20242025: -$22.7K-$22.7K2025+207%
Operating income6789105-$10.9M in 2025+251% since 2019
-$15.0M-$10.0M-$5.0M02019: -$3.1M-$3.1M20192020: -$4.1M-$4.1M2020+31%2021: -$4.8M-$4.8M2021+19%2022: -$7.3M-$7.3M2022+51%2023: -$10.4M-$10.4M2023+41%2024: -$11.1M-$11.1M2024+7%2025: -$10.9M-$10.9M2025−1%
Net income6789105-$10.6M in 2025+169% since 2019
-$15.0M-$10.0M-$5.0M02019: -$3.9M-$3.9M20192020: -$7.8M-$7.8M2020+98%2021: -$4.8M-$4.8M2021−39%2022: -$7.2M-$7.2M2022+51%2023: -$10.0M-$10.0M2023+38%2024: -$10.4M-$10.4M2024+5%2025: -$10.6M-$10.6M2025+2%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$37.7K$86.0K
Cost of revenue$60.4K$93.4K
Gross loss-$22.7K-$7.4K
Research and development$6.0M$6.2M
General and administrative$3.8M$3.6M
Sales and marketing$1.1M$1.2M
Total operating expenses$10.9M$11.1M
Loss from operations-$10.9M-$11.1M
Interest income, net$354.8K$653.4K
Net loss-$10.6M-$10.4M
Net loss per share basic and diluted (in dollars per share)-$1.16-$1.28
Weighted average number of shares outstanding basic and diluted (in shares)9.1M shares8.2M shares

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Leadership

Who has led Ideal Power Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul Bundschuh2013
  2. Daniel Brdar2014–2018
  3. Lon E. Bell2018–2020
  4. David M. Somo2025–now

Chair

  1. Daniel Brdar2014

President

  1. Lon E. Bell2018–2020
  2. Daniel Brdar2020–2025
  3. David M. Somo2025–now

Chief financial officer

  1. Timothy Burns2013–now
201520202025
Board members and other officers (13)

Former names

  • Ideal Power Converters, Inc.Dec 22, 2010 to Nov 5, 20123

Timeline

  1. Nov 5, 2025New chief executive David M. Somo becomes CEO13
  2. May 1, 2018New chief executive Lon E. Bell becomes CEO14
  3. Jan 9, 2014New chief executive Daniel Brdar becomes CEO15
  4. Nov 21, 2013New chief executive Paul Bundschuh becomes CEO16

Filings

145 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 33 major events, 50 insider forms, 13 large holders, 29 other. The latest 20:

  1. Aug 27, 20264 EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Aug 13, 20268-K EDGAR
  4. Aug 13, 2026SCHEDULE 13G/A EDGAR
  5. Jul 17, 2026EFFECT EDGAR
  6. Jul 10, 2026S-3 EDGAR
  7. Jul 2, 20264 EDGAR
  8. Jun 18, 2026S-8 EDGAR
  9. Jun 12, 20264 EDGAR
  10. Jun 4, 20268-K EDGAR
  11. Jun 1, 20264 EDGAR
  12. May 18, 20268-K EDGAR
  13. May 18, 2026424B5 EDGAR
  14. May 15, 202610-Q EDGAR
  15. May 14, 20268-K EDGAR
  16. Apr 27, 2026SCHEDULE 13G/A EDGAR
  17. Apr 27, 2026DEF 14A EDGAR
  18. Apr 3, 2026EFFECT EDGAR
  19. Apr 1, 2026CORRESP EDGAR
  20. Mar 31, 2026UPLOAD EDGAR

The 145 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 7 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 26, 2026TURMELLE MICHAEL CDirectorBuy5,250$7.60$39.9KForm 4
Feb 25, 2026SOMO DAVID MPresident and CEOBuy90,909$2.75$250.0KForm 4
Nov 19, 2024Lesster Laban EDirectorBuy3,000$5.88$17.6KForm 4
Nov 19, 2024BRDAR DANIELPresident and CEOBuy4,500$5.91$26.6KForm 4
May 16, 2023BRDAR DANIELPresident and CEOBuy4,500$9.40$42.3KForm 4
May 15, 2023BURNS TIMOTHYCFOBuy2,500$9.24$23.1KForm 4
May 15, 2023BRDAR DANIELPresident and CEOBuy1,202$9.10$10.9KForm 4
Nov 18, 2021Lesster Laban EDirectorSale400$18.02$7.2KForm 4
Oct 13, 2021Lesster Laban EDirectorSale879$14.11$12.4KForm 4
Oct 12, 2021Lesster Laban EDirectorSale2,400$14.06$33.7KForm 4
Oct 11, 2021Lesster Laban EDirectorSale3,430$14.21$48.7KForm 4
Oct 8, 2021Lesster Laban EDirectorSale3,291$14.24$46.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
AWM Investment Company, Inc.1,346,244$7.2M0.6%+149,395
AIGH Capital Management LLC894,731$4.8M0.4%−286,965
Goldman Sachs Group Inc660,303$3.5M0.0%+423,054
Vanguard Capital Management LLC608,959$3.3M0.0%+294,521
Stifel Financial Corp468,906$2.5M0.0%+387,454
Coppell Advisory Solutions LLC11$2.5M0.2%New
Bleichroeder LP400,000$2.1M0.4%+100,000
Baird Financial Group, Inc.326,068$1.7M0.0%New
Marshall Wace, Llp318,217$1.7M0.0%New
Jane Street Group, LLC268,807$1.4M0.0%+244,752
BlackRock, Inc.136,171$729.9K0.0%+14,644
Geode Capital Management, LLC120,159$644.1K0.0%+20,914
Renaissance Technologies LLC100,754$540.0K0.0%New
Polar Asset Management Partners Inc.70,700$379.0K0.0%New
Vanguard Fiduciary Trust Co64,105$343.6K0.0%+21,592
Bank Of America Corp /de/60,739$325.6K0.0%New
Morgan Stanley58,396$313.0K0.0%+37,336
Diversify Advisory Services, LLC59,877$235.3K0.0%New
Diversify Wealth Management, LLC59,877$235.3K0.0%New
XTX Topco Ltd42,090$225.6K0.0%New
Jump Financial, LLC41,000$219.8K0.0%New
State Street Corp40,747$218.4K0.0%+18,900
Northern Trust Corp37,918$203.2K0.0%+11,220
Walleye Capital LLC24,377$130.7K0.0%New
Resurgent Financial Advisors LLC24,040$128.9K0.0%+4,000

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 16, 2021Brian J. MastRepublican, HouseSale$15,001 - $50,000+180.5%Report
Dec 24, 2020Brian J. MastRepublican, HouseBuy$15,001 - $50,000−176.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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