Ideal Power 2025 Q3 Earnings Net Loss Widens 9.3% to $2.94M

Ideal Power (IPWR) reported its Q3 2025 earnings on Nov 14th, 2025, with total revenue surging 4313.4% to $24.45K, far outpacing 2024 Q3’s $554. However, the company missed EPS estimates by $0.07, reporting a $0.32 loss per share, and widened its net loss to $2.94 million (vs. $2.69 million in 2024 Q3). The report highlighted ongoing financial challenges despite revenue growth.

Revenue

Ideal Power’s total revenue soared to $24.45K in Q3 2025, a 4313.4% increase from $554 in the prior-year period. This sharp rise was driven by a Stellantis purchase order for custom B-TRAN devices and expanded sales efforts in Asia.

Earnings/Net Income

The company’s financial losses deepened, with a $0.32 per-share loss (vs. $0.31 in 2024 Q3) and a $2.94 million net loss (9.3% wider than 2024 Q3). Cash burn reached $2.7 million in Q3 2025, with full-year expectations of $10 million. Despite revenue growth, the EPS and net loss underscore persistent operational challenges.

Post-Earnings Price Action Review

Ideal Power’s stock edged up 2.01% during the latest trading day but plummeted 19.25% during the most recent full trading week and 22.48% month-to-date. Analysts noted the stock’s decline reflects investor concerns over rising cash burn and a net loss that has persisted for 13 consecutive years. The company maintains $8.4 million in liquidity to fund operations through mid-2026, but the 3.75% pre-market drop highlights skepticism about near-term profitability.

CEO Commentary

CEO David Somo emphasized Ideal Power’s focus on commercializing B-TRAN technology, citing its potential in high-power applications like EVs, data centers, and industrial systems. He highlighted the Stellantis partnership as a key milestone, with Stellantis evaluating B-TRAN-based contactors for EV models. Somo acknowledged the need for disciplined expense management but expressed confidence in the technology’s competitive advantages, including ultra-low conduction losses and bidirectionality.

Guidance

Ideal Power did not provide explicit forward-looking guidance for future quarters. However, CFO Tim Burns noted that the first DesignWin customer could generate several hundred thousand dollars in 2025, with potential to exceed $1 million in 2026. The company aims to accelerate revenue growth through global sales expansion and third-party automotive qualification of B-TRAN devices.

Additional News

Ideal Power secured a significant Stellantis purchase order for custom B-TRAN devices targeting EV applications, marking a strategic win in the automotive sector. The CEO transition to David Somo, a semiconductor industry veteran, was announced as part of a planned succession, with Somo emphasizing his expertise in commercializing power semiconductor solutions. Additionally, the company expanded its sales footprint in Asia, a critical market for power electronics, and reported positive early results from third-party automotive qualification testing of B-TRAN devices.