Ideal Power
Develops bidirectional B-TRAN power switches and SymCool modules for power-control systems.
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Profile
Sells B-TRAN power switches and SymCool modules through paid development programs and low-volume product sales, pursuing design-ins for circuit protection, EV, grid, and data-center uses. The B-TRAN-focused business relies on customer qualification and partner-supported manufacturing.
Develops and commercializes B-TRAN, a proprietary silicon power switch that conducts and blocks voltage in both directions on a symmetric die. Its current products are the discrete B-TRAN device and the B-TRAN-based SymCool Power Module, aimed at solid-state circuit protection, EV contactors and drivetrains, charging, renewable-energy and storage systems, data centers, industrial motor drives, grid switching, and defense applications.
Generates commercial revenue through paid development work alongside low-volume sales of devices, modules, and evaluation products. Customer qualification and design-ins, supported by distributors, sales representatives, OEMs, and manufacturing partners, are the intended path to higher-volume production; programs span the United States, Asia, and Europe.
Operates as a B-TRAN-focused segment using third parties for wafer production, packaging, drive circuitry, consulting, and other services. Its current business therefore depends on partner execution, customer evaluations, and adoption of its current product portfolio.
Company facts
Key statistics
Year to date +41.8% · Average volume (30d) 183.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.23 | −$0.20 | +13.0% | $100.0K | $5.8K | −94.2% | −2.74% |
| May 14, 2026Q1 FY26 | −$0.23 | −$0.33 | −43.5% | $100.0K | — | — | −17.07% |
| Mar 10, 2026Q4 FY25 | −$0.31 | −$0.21 | +32.3% | $100.0K | — | — | +2.34% |
| Nov 13, 2025Q3 FY25 | −$0.30 | −$0.32 | −6.7% | $20.0K | $24.5K | +22.3% | +9.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.0K | $1.3K | $24.5K | $0 | $0 | $5.8K | |
| Gross profit | −$18.9K | −$2.2K | −$1.6K | −$117.3K | −$116.9K | $1.8K | |
| Operating income | −$2.8M | −$3.1M | −$3.0M | −$1.9M | −$3.7M | −$3.6M | |
| Net income | −$2.7M | −$3.0M | −$2.9M | −$1.9M | −$3.6M | −$3.4M | |
| Diluted EPS | −$0.30 | −$0.33 | −$0.32 | −$0.21 | −$0.33 | −$0.20 | |
| Gross margin | -157.1% | -172.7% | -6.6% | — | — | 30.9% | |
| Operating margin | -23,534.4% | -246,313.2% | -12,353.0% | — | — | -62,468.1% |
Fiscal years (4-quarter sums)FY21 $576.4K · FY22 $203.3K · FY23 $198.9K · FY24 $86.0K · FY25 $37.7K
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $41.3M · Total debt $358.4K · Total assets $45.0M · Shareholders' equity $42.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 16.42M · Float 9.58M · 58.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lytton Laurence W | 1.21M | 9.90% | 13G | Mar 2, 2026 |
| Awm Investment Company, Inc. | 1.20M | 7.29% | 13F | May 15, 2026 |
| Aigh Capital Management LLC | 1.18M | 7.20% | 13F | Apr 30, 2026 |
| Orin Hirschman | 1.18M | 9.80% | 13G | Apr 27, 2026 |
| David M. Somo · director, officer: President and CEO | 413.4K | 2.52% | Form 4 | Aug 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 26, 2026 | Michael C. Turmelle | director | +5,250 | $7.60 |
| Feb 25, 2026 | David M. Somo | director, officer: President and CEO | +90,909 | $2.75 |
Peers
- ON Semiconductor
SiC modules and protection switches in EV, storage, UPS, and SSCBs.
- STMicroelectronics (ADR)
1200-V SiC devices and modules for EV and high-power industrial systems.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ideal Power | $4.65 | −0.64% | $77.0M | — | — | 2,546.0 | +354.9% |
| ON Semiconductor | $72.80 | +0.29% | $28.27B | 46.5 | 18.6 | 4.6 | +9.2% |
| STMicroelectronics (ADR) | $49.33 | −0.10% | $44.07B | 96.8 | 24.8 | 3.3 | +24.4% |
| Median | 71.7 | 21.7 | 3.9 | +16.8% |