<span item_type="fundamental" item_id="3c01897b2c7eaf4b6829d527d26d6c03" counter_id="ST/US/IPWR" env="prod"></span><span item_type="announcement" item_id="624734868322653825" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 0, meeting the estimate of USD 0.</p><p>EPS: As of FY2025 Q4, the actual value is USD -0.21, beating the estimate of USD -0.31.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -1.997 M.</p><p></p><h4>Cash and Cash Equivalents</h4><p>Ideal Power Inc. reported cash and cash equivalents of $6.1 million at December 31, 2025, a decrease from $15.8 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Revenue</h4><p>For the fourth quarter of 2025, revenue was $0, compared to $5,408 in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, revenue was $37,728, down from $86,032 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Gross Loss</h4><p>Ideal Power Inc. reported a gross loss of $0 for the fourth quarter of 2025, compared to - $518 in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, the gross loss was - $22,680, an increase from - $7,377 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses for the fourth quarter of 2025 were $1,947,547, a decrease from $2,758,062 in the fourth quarter of 2024, primarily due to lower stock-based compensation and personnel costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, operating expenses were $10,910,509, slightly down from $11,063,798 in the full year 2024, driven by lower stock-based compensation expense, largely offset by higher semiconductor foundry costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Loss from Operations</h4><p>Loss from operations for the fourth quarter of 2025 was - $1,947,547, an improvement from - $2,758,580 in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, loss from operations was - $10,933,189, compared to - $11,071,175 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Net Loss</h4><p>Net loss for the fourth quarter of 2025 was - $1,897,981, an improvement from - $2,595,774 in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, net loss was - $10,578,420, compared to - $10,417,813 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Operating Cash Flow</h4><p>Net cash used in operating activities for the full year 2025 was - $9,135,479, compared to - $8,742,580 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Free Cash Flow</h4><p>Free cash flow was approximately - $9,584,973 for the full year 2025 and approximately - $9,249,008 for the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Cash Used in Operating and Investing Activities</h4><p>Cash used in operating and investing activities in the fourth quarter of 2025 was $2.2 million, compared to $2.6 million in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> For the full year 2025, cash used in operating and investing activities was $9.6 million, compared to $9.2 million in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Financing Activities</h4><p>Ideal Power Inc. raised $12.6 million in estimated net proceeds from a public offering and concurrent private placement closed on February 25, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> Net cash provided by financing activities for the full year 2025 was - $128,828, compared to $16,617,023 in the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Long-Term Debt</h4><p>No long-term debt was outstanding at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>B-TRAN® Patent Estate</h4><p>Ideal Power Inc. holds 100 issued B-TRAN® patents, with 48 issued outside the United States, and 78 pending B-TRAN® patents, covering North America, China, Taiwan, Japan, South Korea, India, and Europe.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p><h4>Outlook / Guidance</h4><p>Ideal Power Inc.’s strategic priorities include adding new opportunities to the sales funnel, driving initial revenue by converting sales opportunities into design-ins and custom development agreements, and securing production orders with Lazzen for solid-state circuit breaker products.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> The company also aims to complete remaining deliverables under the Stellantis purchase order for EV contactors and battery disconnect units by mid-2026, and continue exploring strategic investment opportunities with global market leaders.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span> Lazzen’s first B-TRAN®-enabled solid-state circuit breaker is expected to target AI data center customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1507957/000143774926007446/ex_930807.htm"></span></p>

Ideal Power | 8-K: FY2025 Q4 Revenue Meets Estimate at USD 0