Ideal Power Stock Earnings Reports

Ideal Power reports continued commercial progress in Q1 2026 with an expanded sales funnel now exceeding $300 million in potential revenue (up from ~$200 million in February). Key development programs include prototype SSCB units for an 800-volt AI data center and energy-grid customer (prototypes expected Q4 2026), two new projects with the lead Asia customer (medium-current and low-current SSCBs), a letter of intent to co-develop a B-TRAN-enabled SSCB prototype for evaluation by a U.S. hyperscaler (target Q4 2026 prototype delivery), and ongoing deliverables to Stellantis for EV applications (on track for mid-2026 completion). The company added SSP (solid-state transformer) opportunities to the funnel and continues strategic-investor discussions. IP coverage has grown to 103 issued B-TRAN patents, with process know-how kept as trade secret. Financially, Q1 had no revenue; operating cash burn was $2.3M (below guidance) and cash and equivalents were $16.4M at March 31, 2026. Full-year 2026 cash burn is guided to ~ $10.0M–$10.5M driven by hires in sales and engineering. Operating expenses and net loss rose YoY primarily due to stock-based comp and personnel costs. Management’s priorities are converting the larger funnel into design wins, production orders and revenue, advancing automotive qualification (expected this summer), and scaling commercialization and manufacturing readiness with foundry/packaging partners already in place.