Ideal Power Q4 2025 Earnings Call Transcript

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Ideal Power reported its Q4 and full-year 2025 results, highlighting strategic partnerships with Lasin for B-TRAN enabled circuit protection and an Asian power-module manufacturer. The company also made progress with Stellantis for EV applications and strengthened its balance sheet with a $12.6 million capital raise, bringing the patent estate to 100 issued patents. Despite continued net losses and no product revenue in Q4 2025, Ideal Power plans to increase cash burn in 2026 to fund hiring and expand its sales efforts for accelerated commercialization.

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