Quarterly ResultMay 14, 2026, 09:31 AM
Ideal Power Q1 2026 Net Loss $3.6M; Business Development Progress
AI Summary
Ideal Power reported a net loss of $3.6 million for the first quarter of 2026, an increase from $2.7 million in Q1 2025, primarily due to higher operating expenses of $3.7 million. Despite the increased loss, the company made significant commercial progress, initiating two new projects with its lead Asia customer and signing a letter of intent to co-develop a B-TRAN -enabled prototype for a U.S. hyperscaler. Ideal Power also advanced deliverables for Stellantis and ended the quarter with $16.4 million in cash and no long-term debt.
Key Highlights
- Q1 2026 net loss was $3.6 million, up from $2.7 million in Q1 2025.
- Operating expenses increased to $3.7 million in Q1 2026 from $2.8 million in Q1 2025.
- Cash and cash equivalents totaled $16.4 million at March 31, 2026.
- Cash used in operating and investing activities was $2.3 million in Q1 2026.
- Initiated two new projects with lead Asia customer for SSCB prototypes.
- Signed LOI with partner to co-develop B-TRAN -enabled SSCB for U.S. hyperscaler.
- Delivered initial B-TRAN samples and development kits to Stellantis for EV.
- No long-term debt outstanding at March 31, 2026.