Ideal Power Reports Third Quarter Financial Results

AUSTIN, Texas, Nov. 12, 2026 /CourierPR/ -- Ideal Power Inc., the developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch, reported its third quarter financial results for the period ending September 30, 2026. The company's customer engagements expanded significantly as the transition to higher-voltage DC architectures accelerated demand for solid-state circuit protection, according to the company's President and Chief Executive Officer, David Somo.

Somo highlighted the company's progress, noting that since the start of the third quarter, they had demonstrated a prototype of a self-powered, intelligent, ultra-fast solid-state circuit breaker (SSCB) for 800-volt DC data centers in collaboration with Power Integrations. They also commenced shipment of their new B-TRAN® reference design kits (RDKs) and advanced their initiative with an industry partner for a funded joint engineering study and modeling project to provide a simulation platform for a U.S. hyperscaler. Additionally, they continued to advance their opportunity with Stellantis and progressed new customer engagements across AI data centers and energy infrastructure.

The company's sales funnel had expanded to approximately $450 million, and they released new RDKs. They also signed a long-term supply agreement with a high-volume, automotive-qualified power semiconductor foundry. Furthermore, they finalized a statement of work for an NRE funded project with an industry partner, with whom they had signed an LOI earlier this year, to jointly conduct an engineering study and modeling work that provides a simulation platform for a U.S. hyperscaler. The project is expected to begin in the fourth quarter.

In terms of financial results, cash and cash equivalents totaled $38.3 million at September 30, 2026. Cash used in operating and investing activities in the third quarter of 2026 was $2.9 million, compared to $2.7 million in the third quarter of 2025. Cash used in operating and investing activities in the first nine months of 2026 was $7.7 million, compared to $7.4 million in the first nine months of 2025. No long-term debt was outstanding at September 30, 2026.

Operating expenses in the third quarter of 2026 were $3.9 million, compared to $3.0 million in the third quarter of 2025, driven primarily by higher personnel costs, stock-based compensation expense, and non-cash patent impairment charges as the company rationalized its pending patent portfolio. Net loss in the third quarter of 2026 was $3.6 million, compared to $2.9 million in the third quarter of 2025. Net loss in the first nine months of 2026 was $10.6 million, compared to $8.7 million in the first nine months of 2025.

Ideal Power Inc. will hold a conference call on Thursday, November 12, 2026, at 10:00 AM Eastern Time to discuss its results and host a question-and-answer session. Analysts and investors may pose questions for management during the live conference call. Interested persons may access the live conference call by dialing 888-506-0062 (U.S./Canada callers) or 973-528-0011 (international callers), using passcode 615151. It is recommended that participants call or log in 10 minutes ahead of the scheduled start time to ensure proper connection. An operator will register your name and organization. An audio replay will be available one hour after the live call until Midnight on November 26, 2026 by dialing 877-481-4010 using passcode 54750.

Ideal Power Inc. is the developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch. B-TRAN® offers compelling advantages over conventional technologies and addresses the demanding standards of today's solid-state circuit protection and intelligent power delivery systems. It features very low conduction losses that deliver improved power efficiency, thereby reducing energy consumption and providing cost savings. The unique bidirectional capability of B-TRAN® simplifies the design, control, and diagnostics of solid-state power solutions while enabling smaller, lower-cost systems. B-TRAN® delivers compelling advantages for a broad spectrum of applications including solid-state circuit breakers, static transfer switches, battery disconnect units, and EV contactors that are widely used in data centers, industrial power systems, energy grid and storage systems, and electric vehicles and charging infrastructure.