Ideal Power 2025 Q3 Earnings Net Loss Widens by 9.3%

Ideal Power (IPWR) reported Q3 2025 earnings with revenue of $24.45K, exceeding the $20K consensus estimate, but the company missed EPS expectations, reporting a loss of $0.32 per share compared to the $0.25 estimate. The results reflect continued financial strain, with a 9.3% year-over-year increase in net losses and no guidance adjustments provided.

Revenue

The company’s total revenue surged 4,313.4% to $24.45K in Q3 2025, up from $554 in the prior-year period, driven by strategic orders and product development advancements.

Earnings/Net Income

Ideal Power’s losses deepened to $2.94 million in Q3 2025, a 9.3% increase from the $2.69 million loss in Q3 2024, with EPS worsening to -$0.32 from -$0.31. The company has sustained losses for 13 consecutive years in the period, underscoring persistent financial challenges. The results indicate a deterioration in financial performance.

Post-Earnings Price Action Review

The stock price of Ideal Power plummeted 26.53% during the latest trading day, 26.53% for the week, and 26.61% month-to-date, reflecting investor concern over the widening losses and lack of profitability. The sharp decline highlights market skepticism about the company’s ability to reverse its financial trajectory despite revenue growth.

CEO Commentary

CEO David Somo emphasized the company’s focus on commercializing B-TRAN technology, highlighting its potential in high-power applications such as EVs and data centers. He acknowledged the challenges of customer adoption but expressed confidence in the technology’s advantages, including ultra-low conduction losses and bidirectionality. The tone was cautiously optimistic, with Somo stressing the need for disciplined expense management and strategic partnerships to drive revenue.

Guidance

The company provided no explicit guidance for future periods but noted expectations of a full-year 2025 cash burn of approximately $10 million. Management remains focused on expanding B-TRAN’s market reach and achieving automotive qualification to accelerate adoption.

Additional News

1. Strategic Order with Stellantis: Ideal Power secured a purchase order for custom B-TRAN devices targeting EV applications, signaling growing market interest.

2. Global Expansion: The company added its first direct salesperson in Asia, targeting the region’s large power electronics market.

3. CEO Transition: David Somo succeeded Dan Brdar, bringing semiconductor industry expertise to bolster revenue generation efforts.