Ideal Power Reports Fourth Quarter and Full Year 2025 Financial Results

Company details strategy, commercial opportunities, priorities and expectations for B-TRAN® technology

Mar. 10, 2026 at 1:20pm

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Ideal Power Inc. (Nasdaq: IPWR), developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch, reports results for its fourth quarter and full year ended December 31, 2025. The company detailed its strategy, commercial opportunities, priorities and expectations on a recent Business Update Webcast Call, including signing new customer agreements, advancing its B-TRAN® patent estate, and raising $12.6 million in estimated net proceeds from a public offering and concurrent private placement.

Why it matters

Ideal Power's B-TRAN® technology offers compelling advantages over conventional power switch technologies, addressing the demanding standards of today's solid-state circuit protection and intelligent power delivery systems. The company's focus on commercializing B-TRAN® through strategic partnerships and customer agreements aims to drive increased value for shareholders and customers.

The details

Key highlights include appointing David Somo as CEO, announcing a strategic cooperation agreement with Lazzen for B-TRAN®-enabled circuit protection solutions, signing a Letter of Intent with an Asian power module maker, and engaging with Stellantis on potential EV contactor development. Ideal Power also expanded its B-TRAN® patent estate to 100 issued patents.

  • Ideal Power closed a $12.6 million public offering and private placement on February 25, 2026.
  • The company expects to complete remaining deliverables under its existing purchase order from Stellantis for custom B-TRAN® development by mid-2026.

The players

Ideal Power Inc.

An American developer and provider of the innovative and widely patented B-TRAN® bidirectional semiconductor power switch.

David Somo

The newly appointed Chief Executive Officer, President and board director of Ideal Power, with a proven track record of driving revenue growth and extensive experience in worldwide sales, marketing, business development, corporate strategy, M&A, and product development.

Lazzen

A strategic partner with Ideal Power for the design, development, and worldwide sales of B-TRAN®-enabled circuit protection solutions including solid-state circuit breakers, battery disconnect units, and electric vehicle contactors.

Stellantis

A global automaker that Ideal Power is engaged with on a potential development program for electric vehicle contactors.

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What they’re saying

“We're excited to have signed two new customer agreements for the development of B-TRAN®-enabled solutions addressing focus applications that span solid-state circuit protection for data centers, renewable energy and energy storage systems, grid, electric vehicles and charging infrastructure.”

— David Somo, President and Chief Executive Officer of Ideal Power

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Ideal Power's focus on commercializing its innovative B-TRAN® technology through strategic partnerships and customer agreements highlights the company's commitment to delivering increased value to shareholders and customers by addressing the demanding standards of today's solid-state circuit protection and intelligent power delivery systems.