Ideal Power — Third Quarter 2026 Earnings Summary

Ideal Power Inc. reported a net loss of $3.6 million for the third quarter of 2026, an increase from $2.9 million in the same period the previous year, while operating expenses rose to $3.9 million due to higher personnel costs and patent impairment charges. The company's cash and cash equivalents grew significantly to $38.3 million as of September 30, 2026, following a substantial financing activity that generated over $40 million in proceeds. During the quarter, the company advanced its B-TRAN® commercial strategy by demonstrating a solid-state circuit breaker prototype with Power Integrations, initiating shipments of new reference design kits, and expanding its sales funnel to approximately $450 million. Additionally, Ideal Power continued to develop its electric vehicle contactor opportunity with Stellantis and progressed toward JEDEC qualification for its semiconductor foundry production.