Ideal Power reports Q2 2026: Revenue $5.8k, Net loss $3.4M, Cash $41.3M

Ideal Power reported second-quarter 2026 results with revenue of $5,800 and a net loss of $3.4 million for the quarter, and a six-month net loss of $7.0 million. Cash and cash equivalents rose to $41.3 million at June 30, 2026 following net proceeds from a registered direct offering. The company highlighted progress on SSCB development, a long-term wafer foundry supply agreement and expanding customer engagements.

Financial Highlights

• Revenue: $5,800 for the three months ended June 30, 2026 (vs. $1,275 in Q2 2025).
• Gross profit: $1,792 for the quarter; gross loss was $(2,202) in Q2 2025 (gross margin not explicitly stated).
• Operating loss: $(3,623,148) for the quarter (total operating expenses $3,624,940).
• Net loss: $(3,412,926) for the three months ended June 30, 2026 and $(7,044,431) for the six months ended June 30, 2026.
• Cash and cash equivalents: $41,294,488 at June 30, 2026; raised $27.7 million in net proceeds in a registered direct offering during Q2 (total net proceeds from issuance shown as $40,259,375 for six months).

Business Highlights

• Advanced low-current solid-state circuit breaker (SSCB) project with lead Asia customer; finalizing prototype units for shipment and customer internal testing, with customer-available SSCB prototypes expected in Q4 2026 for 800V AI data center and energy grid end-customers.
• Delivered a second shipment of next-generation custom packaged B-TRAN samples and development kits to Stellantis for EV applications and working on system-level optimization under an existing purchase order.
• Entered a long-term supply agreement with a high-volume wafer foundry in Asia; foundry achieved functional B-TRAN first silicon and has capacity to support high-volume industrial and automotive customers.
• Introduced an 800-volt SSCB reference design kit to accelerate customer evaluation; a distribution partner placed a first stocking order for these RDKs.
• Co-development under a letter of intent with an industry partner on a B-TRAN-enabled intelligent SSCB prototype targeted for evaluation by a U.S. hyperscaler in an NVIDIA Rubin Ultra 800V DC AI data center environment, with prototype delivery targeted by end of Q4 2026.
• Expanded intellectual property estate to 105 issued B-TRAN patents (51 issued outside the U.S.) and appointed Dr. Sanjai Parthasarathi to a newly formed Advisory Board to support commercialization in data centers and AI infrastructure markets.

Original SEC Filing: Ideal Power Inc. [ IPWR ] - 8-K - Aug. 13, 2026