Ideal Power Q1 net loss widens to $3.6M; advances B-TRAN projects with Asia customer and Stellantis

Ideal Power Inc.

Net loss for Q1 2026 was $3.6M vs $2.7M in Q1 2025; operating expenses rose to $3.7M on higher stock-based comp.
Cash and cash equivalents totaled $16.4M at March 31, 2026; no long-term debt outstanding.
Initiated two new projects with lead Asia customer for SSCBs targeting 800V AI data centers and smart buildings.
Signed LOI to co-develop B-TRAN-enabled prototype for a U.S. hyperscaler supporting NVIDIA Rubin Ultra 800V DC architecture.
B-TRAN patent estate now at 103 issued patents (50 outside U.S.); Stellantis deliverables on track for mid-2026.

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