PIONEER POWER SOLUTIONS, INC. financials
Source: EDGAR filings · Built 2026-06-19T03:00:28Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -8.63M | -10.10M | -6.75M | -7.53M | -3.54M | — |
| EBITDA | -5.57M | -4.53M | -6.31M | -5.58M | -3.71M | -4.08M |
| Working Capital | 20.66M | 26.68M | 9.42M | 12.29M | 18.55M | 8.42M |
| Net Debt | -13.46M | -40.85M | -2.37M | -8.02M | -7.60M | -4.56M |
| Gross Margin | 12.40% | 24.10% | 20.02% | 10.92% | 7.61% | 4.52% |
| Operating Margin | -23.87% | -22.94% | -63.29% | -22.45% | -21.09% | -21.98% |
| Net Margin | -21.71% | 139.23% | -17.07% | -20.94% | -11.83% | -15.32% |
| Return on Equity (ROE) | -20.46% | 89.91% | -13.35% | -35.76% | -11.08% | -21.55% |
| Return on Assets (ROA) | -16.92% | 48.30% | -5.75% | -15.31% | -7.76% | -14.03% |
| Current Ratio | 5.23× | 1.89× | 1.52× | 1.65× | 3.82× | 2.52× |
| Debt-to-Equity | 0.05× | 0.02× | 0.09× | 0.15× | 0.12× | 0.22× |
| Effective Tax Rate | -1.16% | 29.75% | — | -0.13% | 0.73% | -0.17% |
| Cash Conversion Ratio | 0.97× | -0.20× | 2.05× | 1.07× | 1.47× | 1.21× |
| Accruals Ratio | -0.01× | 0.58× | 0.06× | 0.01× | 0.04× | 0.03× |
| SBC % of Revenue | 0.13% | 4.61% | 13.23% | 3.87% | 1.02% | 0.02% |
| CapEx Coverage | -2.07× | -1.60× | -1.37× | -3.29× | -9.15× | — |
| Free Cash Flow Per Share | $-0.77 | $-0.92 | $-0.67 | $-0.77 | $-0.40 | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 27.63M | 22.88M | 11.12M | 25.88M | 18.31M | 19.49M |
| Revenues | 27.63M | 22.88M | 11.12M | 25.88M | 18.31M | 19.49M |
| Cost of Goods and Services Sold | 24.20M | 17.36M | 8.89M | 23.05M | 16.92M | 18.61M |
| Cost of Revenue | — | — | — | — | 16.92M | 18.61M |
| Gross Profit | 3.43M | 5.51M | 2.23M | 2.83M | 1.39M | 881.00K |
| Research and Development Expense | 875.00K | 1.05M | 885.00K | — | — | — |
| Selling, General and Administrative Expense | 9.15M | 9.71M | 8.38M | 8.64M | 5.25M | 5.17M |
| Operating Expenses | 10.02M | 10.76M | 9.26M | 8.64M | 5.25M | 5.17M |
| Operating Income (Loss) | -6.59M | -5.25M | -7.04M | -5.81M | -3.86M | -4.28M |
| Income Tax Expense (Benefit) | 74.00K | -1.42M | — | 7.00K | -16.00K | 5.00K |
| Net Income (Loss) Attributable to Parent | -6.00M | 31.86M | -1.90M | -5.42M | -2.17M | -2.99M |
| Earnings Per Share, Basic | $-0.54 | $2.97 | $-0.19 | $-0.56 | $-0.24 | $-0.34 |
| Weighted Average Number of Shares Outstanding, Basic | 11.10M | 10.75M | 9.91M | 9.73M | 8.86M | 8.73M |
| Earnings Per Share, Diluted | $-0.54 | $2.90 | $-0.20 | $-0.56 | $-0.24 | $-0.34 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.19M | 10.95M | 10.13M | 9.73M | 8.86M | 8.73M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | 41.62M | 3.58M | — | — | 7.57M |
| Assets, Current | 25.54M | 56.66M | 27.68M | 31.25M | 25.14M | 13.96M |
| Assets | 35.45M | 65.95M | 33.02M | 35.39M | 27.93M | 21.29M |
| Long-term Debt | — | — | — | — | — | 1.41M |
| Liabilities, Current | 4.88M | 29.98M | 18.26M | 18.96M | 6.58M | 5.54M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | 633.00K |
| Liabilities | 6.14M | 30.52M | 18.80M | 20.24M | 8.38M | 7.43M |
| Stockholders' Equity Attributable to Parent | 29.32M | 35.43M | 14.22M | 15.15M | 19.55M | 13.86M |
| Common Stock, Shares, Outstanding | 11.10M | 11.12M | 9.93M | 9.64M | 9.64M | 8.73M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -5.82M | -6.21M | -3.90M | -5.77M | -3.19M | -3.61M |
| Payments to Acquire Property, Plant, and Equipment | 2.68M | 3.76M | 2.50M | 1.51M | 237.00K | — |
| Net Cash Provided by (Used in) Investing Activities | -3.90M | 38.88M | -2.50M | 4.72M | -237.00K | 2.63M |
| Payments of Dividends | 16.66M | — | — | — | 1.05M | — |
| Net Cash Provided by (Used in) Financing Activities | -16.95M | 5.38M | -323.00K | -353.00K | 7.56M | 337.00K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -1.15M | -2.23M | -6.40M | -4.76M | 883.00K | -4.61M |
| EBITDA | -1.75M | -819.00K | — | — | -2.09M | -828.00K |
| Working Capital | 18.66M | 20.66M | 22.77M | 23.92M | 26.15M | 26.68M |
| Net Debt | -12.16M | -13.46M | -16.58M | -17.15M | -25.15M | -40.85M |
| Gross Margin | 13.64% | 23.52% | 9.29% | 15.70% | 2.20% | 28.87% |
| Operating Margin | -47.35% | -19.42% | -21.01% | -20.41% | -34.81% | -11.00% |
| Net Margin | -58.79% | -24.73% | -34.12% | -15.87% | -13.78% | 372.13% |
| Return on Equity (ROE) | -9.35% | -4.75% | -7.66% | -4.02% | -2.69% | 102.44% |
| Return on Assets (ROA) | -7.60% | -3.93% | -6.25% | -3.40% | -1.96% | 55.03% |
| Current Ratio | 4.68× | 5.23× | 4.62× | 5.42× | 3.10× | 1.89× |
| Debt-to-Equity | 0.05× | 0.05× | 0.02× | 0.03× | 0.02× | 0.02× |
| Effective Tax Rate | — | -0.37% | -4.06% | — | — | — |
| Cash Conversion Ratio | 0.35× | 0.75× | 2.03× | 2.98× | -1.62× | -0.06× |
| Accruals Ratio | -0.05× | -0.01× | 0.06× | 0.07× | -0.05× | 0.58× |
| SBC % of Revenue | 0.23% | 0.18% | 0.15% | 0.02% | 0.19% | 7.39% |
| CapEx Coverage | -3.35× | -0.87× | -2.95× | -4.98× | 2.43× | -0.83× |
| Free Cash Flow Per Share | $-0.10 | $-0.20 | $-0.58 | $-0.43 | $0.08 | $-0.42 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 4.27M | 5.63M | 6.89M | 8.37M | 6.74M | 9.75M |
| Revenues | 4.01M | 5.63M | 6.89M | 8.37M | 6.22M | 9.75M |
| Cost of Goods and Services Sold | 3.68M | 4.30M | 6.25M | 7.06M | 6.59M | 6.94M |
| Gross Profit | 582.00K | 1.32M | 640.00K | 1.31M | 148.00K | 2.82M |
| Research and Development Expense | 156.00K | 149.00K | 111.00K | 534.00K | 80.00K | 345.00K |
| Selling, General and Administrative Expense | 2.45M | 2.27M | 1.98M | 2.49M | 2.41M | 3.54M |
| Operating Expenses | 2.60M | 2.42M | 2.09M | 3.02M | 2.49M | 3.89M |
| Operating Income (Loss) | -2.02M | -1.09M | -1.45M | -1.71M | -2.35M | -1.07M |
| Income Tax Expense (Benefit) | — | 5.00K | 69.00K | — | — | — |
| Net Income (Loss) Attributable to Parent | -2.51M | -1.39M | -2.35M | -1.33M | -929.00K | 36.29M |
| Earnings Per Share, Basic | $-0.23 | $-0.12 | $-0.21 | $-0.12 | $-0.09 | $3.39 |
| Weighted Average Number of Shares Outstanding, Basic | 11.10M | 11.10M | 11.10M | 11.10M | 11.12M | 10.75M |
| Earnings Per Share, Diluted | $-0.23 | $-0.12 | $-0.21 | $-0.12 | $-0.09 | $3.32 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.10M | 11.19M | 11.10M | 11.10M | 11.19M | 10.95M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | — | 18.00M | 25.84M | 41.62M |
| Assets, Current | 23.73M | 25.54M | 29.05M | 29.32M | 38.63M | 56.66M |
| Assets | 33.02M | 35.45M | 37.58M | 39.12M | 47.48M | 65.95M |
| Liabilities, Current | 5.08M | 4.88M | 6.28M | 5.41M | 12.47M | 29.98M |
| Liabilities | 6.20M | 6.14M | 6.88M | 6.08M | 12.96M | 30.52M |
| Stockholders' Equity Attributable to Parent | 26.82M | 29.32M | 30.70M | 33.04M | 34.51M | 35.43M |
| Common Stock, Shares, Outstanding | 11.10M | 11.10M | 11.10M | 11.10M | 11.12M | 11.12M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -887.00K | -1.04M | -4.78M | -3.96M | 1.50M | -2.09M |
| Payments to Acquire Property, Plant, and Equipment | 233.00K | 1.15M | 1.53M | 740.00K | 595.00K | 2.48M |
| Net Cash Provided by (Used in) Investing Activities | -459.00K | -1.15M | -2.75M | -2.94M | -595.00K | 40.15M |
| Payments of Dividends | — | 0 | 16.66M | 16.66M | 16.66M | — |
| Net Cash Provided by (Used in) Financing Activities | -30.00K | -194.00K | -16.75M | -16.72M | -16.69M | 483.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (PPSI CIK 0001449792),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.