What is Pioneer Power Solutions' operating income?

Pioneer Power Solutions' total operating income in 2025 was -$6.60 million, based on the following breakdown: Total Gross Profit: $3.43 million Total Operating Expenses: $10.02 million

Pioneer Power Solutions (PPSI) Financials

$3.24 -0.08 (-2.41%)

Closing price 04:00 PM Eastern

Extended Trading

$3.22 -0.02 (-0.46%)

As of 04:10 PM Eastern

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Annual Income Statements for Pioneer Power Solutions

This table shows Pioneer Power Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-5.88	-1.06	-9.23	-5.66	-1.03	-2.99	-2.17	-5.42	-1.90	32	-6.00
Consolidated Net Income / (Loss)	-5.88	-1.06	-9.23	-5.66	-1.03	-2.99	-2.17	-5.42	-1.90	32	-6.00
Net Income / (Loss) Continuing Operations	-5.88	1.45	-9.23	-9.31	-12	-2.99	-2.17	-5.42	-6.28	-3.35	-6.45
Total Pre-Tax Income	-8.58	2.38	-6.19	-10	-11	-2.98	-2.18	-5.41	-6.28	-4.77	-6.37
Total Operating Income	-5.30	3.56	-3.31	-9.13	-12	-4.28	-3.86	-5.81	-7.04	-5.25	-6.60
Total Gross Profit	21	22	18	1.89	1.17	0.88	1.39	2.83	2.23	5.51	3.43
Total Revenue	107	100	114	20	21	19	18	26	11	23	28
Operating Revenue	107	100	114	20	21	19	18	26	11	23	28
Total Cost of Revenue	85	77	97	18	19	19	17	23	8.89	17	24
Operating Cost of Revenue	85	77	97	18	19	19	17	23	8.89	17	24
Total Operating Expenses	27	19	21	11	13	5.17	5.26	8.64	9.26	11	10
Selling, General & Admin Expense	22	17	21	11	13	5.17	5.26	8.64	8.38	9.71	9.15
Research & Development Expense	-	-	-	-	-	-	-	0.00	0.89	1.05	0.88
Total Other Income / (Expense), net	-3.28	-1.19	-2.87	-0.98	0.99	1.30	1.68	0.40	0.76	0.48	0.22
Interest & Investment Income	-	-	-	-	-0.40	0.33	0.39	0.47	0.23	0.43	0.74
Other Income / (Expense), net	-2.54	0.55	-0.41	-0.06	1.39	0.97	1.29	-0.07	0.52	0.05	-0.52
Income Tax Expense	-2.70	0.93	3.04	-0.80	1.28	0.01	-0.02	0.01	0.00	-1.42	0.07
Net Income / (Loss) Discontinued Operations	-	-2.52	-	3.65	11	-	-	-	4.38	35	0.45
Basic Earnings per Share	($0.76)	($0.12)	($1.06)	($0.65)	($0.12)	($0.34)	($0.24)	($0.56)	($0.19)	$2.97	($0.54)
Weighted Average Basic Shares Outstanding	7.75M	8.70M	8.72M	8.73M	8.73M	8.73M	8.86M	9.73M	9.91M	10.75M	11.10M
Diluted Earnings per Share	($0.76)	($0.12)	($1.06)	($0.65)	($0.12)	($0.34)	($0.24)	($0.56)	($0.20)	$2.90	($0.54)
Weighted Average Diluted Shares Outstanding	7.75M	8.70M	8.72M	8.73M	8.73M	8.73M	8.86M	9.73M	10.13M	10.95M	11.19M

This table shows Pioneer Power Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	1.01	-4.50	-1.04	-2.28	-1.12	36	-0.93	-1.33	-2.35	-1.39	-2.51
Consolidated Net Income / (Loss)	1.01	-4.50	-1.04	-2.28	-1.12	36	-0.93	-1.33	-2.35	-1.39	-2.51
Net Income / (Loss) Continuing Operations	1.01	-8.88	-1.66	-1.72	-0.74	0.76	-2.08	-1.23	-1.77	-1.37	-2.51
Total Pre-Tax Income	1.01	-8.88	-1.66	-1.72	-0.74	-0.66	-2.08	-1.23	-1.70	-1.37	-2.51
Total Operating Income	0.94	-9.44	-1.73	-1.74	-0.71	-1.07	-2.35	-1.71	-1.45	-1.09	-2.02
Total Gross Profit	3.70	-8.18	0.54	0.64	1.52	2.82	0.15	1.31	0.64	1.32	0.58
Total Revenue	11	-22	3.32	3.40	6.42	9.75	6.74	8.37	6.89	5.63	4.27
Operating Revenue	11	-22	3.32	3.40	6.42	9.75	6.74	8.37	6.89	5.63	4.27
Total Cost of Revenue	7.76	-14	2.78	2.75	4.89	6.94	6.59	7.06	6.25	4.31	3.68
Operating Cost of Revenue	7.76	-14	2.78	2.75	4.89	6.94	6.59	7.06	6.25	4.31	3.68
Total Operating Expenses	2.76	1.26	2.26	2.38	2.24	3.89	2.49	3.02	2.09	2.42	2.60
Selling, General & Admin Expense	2.76	0.37	2.05	2.14	1.98	3.54	2.41	2.49	1.98	2.27	2.45
Research & Development Expense	0.00	0.89	0.21	0.24	0.26	0.35	0.08	0.53	0.11	0.15	0.16
Total Other Income / (Expense), net	0.07	0.56	0.07	0.02	-0.02	0.41	0.27	0.48	-0.25	-0.28	-0.49
Interest & Investment Income	0.06	0.04	0.03	0.02	-0.02	0.40	0.25	0.18	0.18	0.13	0.16
Other Income / (Expense), net	0.01	0.52	0.04	0.00	0.00	0.01	0.02	0.30	-0.44	-0.40	-0.64
Income Tax Expense	0.00	-	0.00	0.00	0.00	-1.42	0.00	0.00	0.07	0.01	0.00
Net Income / (Loss) Discontinued Operations	-	-	0.62	-0.57	-0.38	36	1.15	-0.10	-0.58	-0.02	0.00
Basic Earnings per Share	$0.10	($0.45)	($0.10)	($0.21)	($0.10)	$3.38	($0.09)	($0.12)	($0.21)	($0.12)	($0.23)
Weighted Average Basic Shares Outstanding	10.01M	9.91M	10.11M	10.92M	10.92M	10.75M	11.12M	11.10M	11.10M	11.10M	11.10M
Diluted Earnings per Share	$0.10	($0.45)	($0.10)	($0.21)	($0.10)	$3.31	($0.09)	($0.12)	($0.21)	($0.12)	($0.23)
Weighted Average Diluted Shares Outstanding	10.25M	10.13M	10.34M	10.92M	10.92M	10.95M	11.19M	11.10M	11.10M	11.19M	11.10M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	-	-	11.01M	0.00	11.12M	11.10M	11.10M	0.00	11.10M

This table details how cash moves in and out of Pioneer Power Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-2.85	-0.12	0.91	-1.09	7.97	-0.65	4.13	-1.40	-6.71	38	-27
Net Cash From Operating Activities	-3.96	-9.46	1.70	2.15	-5.57	-3.61	-3.19	-5.77	-3.90	-6.21	-5.82
Net Cash From Continuing Operating Activities	-3.96	-9.46	1.70	2.15	-5.57	-3.61	-3.19	-5.77	-3.90	-6.21	-5.82
Net Income / (Loss) Continuing Operations	-5.88	-1.06	-9.23	-5.66	-1.03	-2.99	-2.17	-5.42	-1.90	32	-6.00
Consolidated Net Income / (Loss)	-5.88	-1.06	-9.23	-5.66	-1.03	-2.99	-2.17	-5.42	-1.90	32	-6.00
Depreciation Expense	1.34	1.34	1.29	1.22	0.61	0.20	0.15	0.23	0.40	0.72	1.03
Amortization Expense	1.95	1.98	2.51	2.16	0.38	-0.19	0.44	0.45	1.01	0.13	0.14
Non-Cash Adjustments To Reconcile Net Income	3.20	0.45	4.70	1.41	-5.30	1.33	-1.06	0.86	1.55	-19	-1.15
Changes in Operating Assets and Liabilities, net	-4.57	-12	2.43	3.02	-0.23	-1.97	-0.56	-1.89	-4.96	-20	0.17
Net Cash From Investing Activities	-3.40	-0.62	-1.43	0.17	40	2.63	-0.24	4.72	-2.50	39	-3.90
Net Cash From Continuing Investing Activities	-3.40	-0.62	-1.43	0.17	40	2.63	-0.24	4.72	-2.50	39	-3.90
Purchase of Property, Plant & Equipment	-1.05	-0.67	-1.45	-0.59	-0.15	0.00	-0.24	-1.51	-2.50	-3.76	-2.68
Acquisitions	-2.11	-	-	-	-	-	-	-	-	0.00	-2.20
Divestitures	-	-	-	-	40	-	-	-	0.00	43	0.00
Sale and/or Maturity of Investments	-	-	-	-	0.00	2.44	0.00	6.23	-	0.00	0.98
Net Cash From Financing Activities	4.52	9.96	0.64	-3.41	-26	0.34	7.56	-0.35	-0.32	5.38	-17
Net Cash From Continuing Financing Activities	4.52	9.96	0.64	-3.41	-26	0.34	7.56	-0.35	-0.32	5.38	-17
Repayment of Debt	-38	-30	-41	-44	-42	-0.67	-0.11	-0.24	-0.36	-0.13	-0.14
Payment of Dividends	-	-	-	-	-	0.00	-1.05	-0.13	-	0.00	-17
Issuance of Common Equity	4.55	0.00	0.12	-	-	0.00	8.66	0.00	0.18	4.99	0.00
Other Financing Activities, net	-	-	-	-0.41	-0.04	-0.40	0.06	0.02	0.05	0.52	-0.15
Cash Interest Paid	0.61	1.26	2.09	2.60	1.11	0.03	0.00	0.00	0.01	0.04	0.01
Cash Income Taxes Paid	0.44	-0.32	1.73	0.59	0.48	0.51	-0.40	-0.02	0.00	0.01	4.92

This table details how cash moves in and out of Pioneer Power Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-2.04	-4.00	2.65	0.29	-3.43	39	-16	-7.84	-0.66	-2.38	-1.38
Net Cash From Operating Activities	-0.59	-3.67	-1.95	0.57	-2.74	-2.09	1.50	-5.47	-0.82	-1.04	-0.89
Net Cash From Continuing Operating Activities	-0.59	-3.67	-1.95	0.57	-2.74	-2.09	1.50	-5.47	-0.82	-1.04	-0.89
Net Income / (Loss) Continuing Operations	1.01	-4.50	-1.04	-2.28	-1.12	36	-0.93	-1.33	-2.35	-1.39	-2.51
Consolidated Net Income / (Loss)	1.01	-4.50	-1.04	-2.28	-1.12	36	-0.93	-1.33	-2.35	-1.39	-2.51
Depreciation Expense	0.14	0.03	0.12	0.16	0.19	0.25	0.26	0.27	0.23	0.27	0.27
Amortization Expense	0.24	0.23	0.21	0.21	0.22	-0.52	0.02	0.09	0.10	-0.13	0.03
Non-Cash Adjustments To Reconcile Net Income	0.32	0.24	0.27	0.10	-0.09	-20	-0.99	-0.94	0.61	0.23	0.77
Changes in Operating Assets and Liabilities, net	-2.30	0.33	-1.52	2.38	-1.94	-19	3.14	-3.56	0.60	-0.02	0.55
Net Cash From Investing Activities	-1.54	-0.15	-0.21	-0.40	-0.66	40	-0.60	-2.35	0.19	-1.15	-0.46
Net Cash From Continuing Investing Activities	-1.54	-0.15	-0.21	-0.40	-0.66	40	-0.60	-2.35	0.19	-1.15	-0.46
Purchase of Property, Plant & Equipment	-1.54	-0.15	-0.21	-0.40	-0.66	-2.48	-0.60	-0.15	-0.79	-1.15	-0.23
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-0.23
Net Cash From Financing Activities	0.09	-0.18	4.81	0.12	-0.03	0.48	-17	-0.03	-0.04	-0.19	-0.03
Net Cash From Continuing Financing Activities	0.09	-0.18	4.81	0.12	-0.03	0.48	-17	-0.03	-0.04	-0.19	-0.03
Repayment of Debt	-0.07	-0.06	-0.03	-0.03	-0.03	-0.04	-0.02	-0.03	-0.04	-0.05	-0.03
Payment of Dividends	-	-	0.00	-	-	-	-17	-	-	-	0.00
Other Financing Activities, net	-	-	4.84	-	-	-	0.00	-	-	-	0.00

This table presents Pioneer Power Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	67	77	74	73	28	21	28	35	33	66	35
Total Current Assets	35	46	45	47	20	14	25	31	28	57	26
Cash & Equivalents	0.65	0.25	0.22	0.21	8.21	7.57	9.92	10	3.58	42	15
Accounts Receivable	14	14	15	3.38	3.72	2.59	2.43	10	1.22	7.83	3.13
Inventories, net	18	22	26	3.68	4.55	2.40	4.16	8.09	3.08	6.07	6.32
Prepaid Expenses	1.92	2.08	3.02	2.00	0.80	0.90	1.07	2.85	6.16	1.14	1.13
Plant, Property, & Equipment, net	7.35	5.93	6.86	0.88	0.64	0.43	0.52	1.80	3.60	6.50	5.40
Total Noncurrent Assets	24	25	22	25	7.47	6.90	2.28	2.34	1.74	2.79	4.51
Long-Term Investments	-	-	-	-	-	-	-	-	0.00	2.00	0.42
Noncurrent Note & Lease Receivables	-	-	-	-	-	5.35	0.57	0.73	0.40	0.22	2.91
Other Noncurrent Operating Assets	0.83	0.66	4.65	3.10	7.47	1.55	1.71	1.61	0.66	0.57	1.19
Total Liabilities & Shareholders' Equity	67	77	74	73	28	21	28	35	33	66	35
Total Liabilities	39	51	57	61	12	7.43	8.38	20	19	31	6.14
Total Current Liabilities	38	44	47	52	9.84	5.54	6.58	19	18	30	4.88
Accounts Payable	20	14	20	7.26	7.53	4.03	3.35	7.24	8.11	4.54	3.75
Current Deferred Revenue	-	-	-	1.70	1.44	0.71	2.42	11	0.31	0.99	0.79
Other Current Liabilities	12	19	19	21	0.37	-	0.81	1.06	0.38	0.35	0.35
Total Noncurrent Liabilities	1.38	7.47	9.95	8.15	1.79	1.89	1.79	1.28	0.54	0.54	1.26
Capital Lease Obligations	-	-	-	-	-	-	-	0.42	0.28	0.12	0.22
Other Noncurrent Operating Liabilities	0.37	0.89	3.85	1.60	1.79	1.26	1.79	0.86	0.26	0.42	1.04
Total Equity & Noncontrolling Interests	27	26	18	12	17	14	20	15	14	35	29
Total Preferred & Common Equity	27	26	18	12	17	14	20	15	14	35	29
Preferred Stock	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	27	26	18	12	17	14	20	15	14	35	29
Common Stock	23	23	24	24	24	24	32	33	34	35	35
Retained Earnings	9.90	8.84	-0.46	-6.13	-7.16	-10	-12	-18	-20	0.00	-6.00

This table presents Pioneer Power Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	39	38	40	47	39	38	33
Total Current Assets	34	33	31	39	29	29	24
Cash & Equivalents	6.23	6.51	3.08	26	18	17	14
Accounts Receivable	11	5.90	9.80	5.35	4.88	4.61	3.36
Inventories, net	9.59	13	16	6.46	5.78	6.78	5.83
Prepaid Expenses	7.30	7.95	2.48	0.99	0.66	0.33	0.95
Plant, Property, & Equipment, net	3.99	4.23	4.71	6.19	5.37	5.66	5.09
Total Noncurrent Assets	1.00	0.78	3.90	2.66	4.42	2.87	4.20
Long-Term Investments	-	-	-	1.94	2.24	0.82	0.00
Noncurrent Note & Lease Receivables	0.34	0.31	0.28	0.20	1.77	1.70	2.81
Other Noncurrent Operating Assets	0.66	0.47	3.62	0.52	0.41	0.35	1.39
Total Liabilities & Shareholders' Equity	39	38	40	47	39	38	33
Total Liabilities	21	22	25	13	6.08	6.88	6.20
Total Current Liabilities	21	22	22	12	5.41	6.28	5.08
Accounts Payable	12	13	11	4.72	4.06	4.38	3.67
Current Deferred Revenue	7.92	8.94	10	1.15	0.92	0.87	1.04
Other Current Liabilities	0.57	0.43	0.87	0.33	0.32	0.27	0.37
Total Noncurrent Liabilities	0.44	0.36	3.03	0.49	0.67	0.60	1.12
Capital Lease Obligations	0.23	0.20	0.17	0.10	0.28	0.25	1.06
Other Noncurrent Operating Liabilities	0.21	0.16	2.85	0.39	0.39	0.35	0.06
Total Equity & Noncontrolling Interests	18	16	15	35	33	31	27
Total Preferred & Common Equity	18	16	15	35	33	31	27
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	18	16	15	35	33	31	27
Common Stock	39	39	39	35	35	35	35
Retained Earnings	-21	-23	-24	-0.93	-2.26	-4.61	-8.51

This table displays calculated financial ratios and metrics derived from Pioneer Power Solutions' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	8,699,712.00	8,699,712.00	8,726,045.00	8,726,045.00	8,726,045.00	8,726,045.00	8,726,045.00	9,644,545.00	10,009,545.00	11,012,503.00	11,095,266.00
DEI Adjusted Shares Outstanding	8,699,712.00	8,699,712.00	8,726,045.00	8,726,045.00	8,726,045.00	8,726,045.00	8,726,045.00	9,644,545.00	10,009,545.00	11,012,503.00	11,095,266.00
DEI Earnings Per Adjusted Shares Outstanding	-0.68	-0.12	-1.06	-0.65	-0.12	-0.34	-0.25	-0.56	-0.19	2.89	-0.54
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.54%	-6.47%	14.81%	-82.41%	2.26%	-5.31%	-6.05%	41.32%	-57.04%	105.82%	20.75%
EBITDA Growth	-286.55%	263.59%	-98.99%	-7,846.67%	-61.36%	64.81%	39.98%	-162.78%	1.98%	14.65%	-36.66%
EBIT Growth	-1,036.08%	152.56%	-190.43%	-146.75%	-12.78%	68.01%	22.47%	-128.68%	-10.79%	20.17%	-36.84%
NOPAT Growth	-101.72%	158.71%	-206.47%	-175.43%	-28.80%	63.55%	9.85%	-50.44%	-21.08%	25.40%	-25.67%
Net Income Growth	-2,094.40%	81.92%	-767.83%	38.60%	81.78%	-189.34%	27.43%	-150.07%	64.98%	1,778.35%	-118.83%
EPS Growth	-1,800.00%	84.21%	-783.33%	38.68%	81.54%	-183.33%	29.41%	-133.33%	64.29%	1,550.00%	-118.62%
Operating Cash Flow Growth	-4,271.58%	-138.66%	117.97%	26.65%	-358.85%	35.17%	11.62%	-80.77%	32.52%	-59.49%	6.34%
Free Cash Flow Firm Growth	709.46%	188.35%	-125.08%	2,169.75%	-184.79%	89.97%	5.29%	47.82%	-283.90%	-67.21%	28.44%
Invested Capital Growth	-15.57%	-14.09%	-2.15%	-150.94%	154.53%	0.16%	1.92%	-32.84%	14.94%	96.96%	18.58%
Revenue Q/Q Growth	2.04%	-11.15%	24.91%	-72.11%	1,429.59%	-6.19%	-9.19%	23.38%	-73.34%	352.86%	-12.99%
EBITDA Q/Q Growth	-17.25%	75.27%	-99.11%	19.57%	-3.67%	58.32%	-33.33%	9.83%	-282.53%	62.73%	-4.26%
EBIT Q/Q Growth	-16.45%	339.96%	-176.74%	14.53%	5.95%	57.80%	-34.48%	8.10%	-555.00%	60.18%	-6.45%
NOPAT Q/Q Growth	21.22%	24.82%	-171.52%	6.82%	11.38%	49.92%	-18.07%	7.51%	-456.07%	61.45%	-0.32%
Net Income Q/Q Growth	21.95%	-423.65%	-495.55%	49.14%	-124.20%	74.89%	-43.23%	9.44%	-207.35%	456.40%	-118.93%
EPS Q/Q Growth	26.21%	-1,100.00%	-488.89%	49.22%	-124.49%	0.00%	0.00%	9.68%	-225.00%	437.21%	-118.69%
Operating Cash Flow Q/Q Growth	2.68%	3.01%	323.10%	-11.44%	-1,119.47%	25.63%	2.53%	5.96%	-88.71%	20.21%	15.36%
Free Cash Flow Firm Q/Q Growth	1,169.31%	417.33%	-134.21%	296.99%	-4,570.98%	-112.36%	2.77%	75.22%	-157.04%	55.16%	-21.63%
Invested Capital Q/Q Growth	-4.63%	-26.37%	-24.50%	-167.48%	-29.76%	20.73%	11.79%	-38.90%	0.00%	1.42%	10.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.12%	22.23%	15.51%	9.41%	5.66%	4.52%	7.61%	10.92%	20.02%	24.10%	12.40%
EBITDA Margin	-4.27%	7.47%	0.07%	-28.87%	-45.55%	-16.93%	-10.81%	-20.11%	-45.88%	-19.03%	-21.53%
Operating Margin	-4.98%	3.58%	-2.90%	-45.34%	-57.10%	-21.98%	-21.09%	-22.45%	-63.29%	-22.94%	-23.87%
EBIT Margin	-7.36%	4.13%	-3.26%	-45.66%	-50.35%	-17.01%	-14.04%	-22.71%	-58.57%	-22.72%	-25.75%
Profit (Net Income) Margin	-5.52%	-1.07%	-8.06%	-28.14%	-5.01%	-15.32%	-11.83%	-20.94%	-17.07%	139.23%	-21.71%
Tax Burden Percent	68.52%	-44.68%	149.13%	56.05%	9.59%	100.17%	99.27%	100.13%	30.23%	-668.24%	94.12%
Interest Burden Percent	109.55%	57.77%	166.11%	109.97%	103.82%	89.92%	84.94%	92.09%	96.44%	91.71%	89.61%
Effective Tax Rate	0.00%	38.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-10.31%	7.11%	-8.28%	-94.01%	0.00%	-38.95%	-34.75%	-61.96%	-86.88%	-40.81%	-35.38%
ROIC Less NNEP Spread (ROIC-NNEP)	-41.90%	-77.53%	-121.01%	-103.10%	0.00%	-39.12%	-40.76%	-49.43%	-120.45%	-265.36%	-28.22%
Return on Net Nonoperating Assets (RNNOA)	-9.89%	-11.08%	-33.89%	55.61%	0.00%	19.50%	21.78%	30.73%	73.96%	169.14%	16.85%
Return on Equity (ROE)	-20.20%	-3.97%	-42.17%	-38.40%	-7.17%	-19.45%	-12.97%	-31.23%	-12.92%	128.33%	-18.53%
Cash Return on Invested Capital (CROIC)	6.57%	22.28%	-6.11%	0.00%	-390.32%	-39.11%	-36.66%	-22.67%	-100.79%	-106.12%	-52.38%
Operating Return on Assets (OROA)	-11.22%	5.71%	-4.91%	-12.52%	-20.52%	-13.32%	-10.44%	-18.56%	-19.04%	-10.50%	-14.03%
Return on Assets (ROA)	-8.42%	-1.47%	-12.17%	-7.72%	-2.04%	-12.00%	-8.81%	-17.12%	-5.55%	64.37%	-11.83%
Return on Common Equity (ROCE)	-20.20%	-3.97%	-42.17%	-38.40%	-7.17%	-19.45%	-12.97%	-31.23%	-12.92%	128.33%	-18.53%
Return on Equity Simple (ROE_SIMPLE)	-21.47%	-4.06%	-52.57%	-47.39%	-6.13%	-21.55%	-11.08%	-35.76%	-13.35%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.71	2.18	-2.32	-6.39	-8.23	-3.00	-2.70	-4.07	-4.92	-3.67	-4.62
NOPAT Margin	-3.48%	2.19%	-2.03%	-31.74%	-39.97%	-15.39%	-14.76%	-15.72%	-44.30%	-16.06%	-16.71%
Net Nonoperating Expense Percent (NNEP)	31.59%	84.64%	112.73%	9.09%	40.87%	0.17%	6.01%	-12.53%	33.56%	224.54%	-7.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-33.97%	-9.44%	-15.63%
Cost of Revenue to Revenue	79.88%	77.77%	84.49%	90.59%	94.34%	95.48%	92.39%	89.08%	79.98%	75.90%	87.60%
SG&A Expenses to Revenue	20.21%	16.80%	18.50%	54.75%	62.76%	26.50%	28.70%	33.37%	75.34%	42.45%	33.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.96%	4.59%	3.17%
Operating Expenses to Revenue	25.10%	18.65%	18.40%	54.75%	62.76%	26.50%	28.70%	33.37%	83.30%	47.04%	36.27%
Earnings before Interest and Taxes (EBIT)	-7.84	4.12	-3.72	-9.19	-10	-3.32	-2.57	-5.88	-6.51	-5.20	-7.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.55	7.44	0.08	-5.81	-9.38	-3.30	-1.98	-5.20	-5.10	-4.35	-5.95
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.87	1.36	2.61	2.64	1.15	2.38	3.35	1.71	3.61	1.28	1.79
Price to Tangible Book Value (P/TBV)	3.22	3.21	17.47	3.57	1.15	2.38	3.35	1.71	3.61	1.28	1.79
Price to Revenue (P/Rev)	0.22	0.36	0.40	1.57	0.94	1.69	3.57	1.00	4.61	1.99	1.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.43	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	61.89%	0.00%	1.60%	0.00%	0.00%	36.32%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	70.04%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.89	1.58	2.02	0.00	1.32	3.48	6.84	3.03	7.92	0.45	2.64
Enterprise Value to Revenue (EV/Rev)	0.27	0.45	0.49	1.75	0.49	1.37	2.94	0.62	4.32	0.23	1.35
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.02	746.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	10.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	20.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	32.92	16.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	12.36	6.57	0.00	0.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.36	0.59	0.32	0.00	0.10	0.00	0.03	0.02	0.10	0.01
Long-Term Debt to Equity	0.01	0.15	0.24	0.22	0.00	0.05	0.00	0.03	0.02	0.00	0.01
Financial Leverage	0.24	0.14	0.28	-0.54	-1.22	-0.50	-0.53	-0.62	-0.61	-0.64	-0.60
Leverage Ratio	2.40	2.69	3.47	4.98	3.51	1.62	1.47	1.82	2.33	1.99	1.57
Compound Leverage Factor	2.63	1.56	5.76	5.47	3.64	1.46	1.25	1.68	2.25	1.83	1.40
Debt to Total Capital	18.46%	26.32%	37.13%	24.09%	0.00%	9.25%	0.00%	2.68%	1.92%	8.92%	0.74%
Short-Term Debt to Total Capital	17.97%	15.05%	22.25%	7.46%	0.00%	5.11%	0.00%	0.00%	0.00%	8.60%	0.00%
Long-Term Debt to Total Capital	0.49%	11.26%	14.88%	16.63%	0.00%	4.14%	0.00%	2.68%	1.92%	0.31%	0.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.54%	73.68%	62.87%	75.91%	100.00%	90.75%	100.00%	97.32%	98.08%	91.08%	99.26%
Debt to EBITDA	-1.36	1.26	138.20	-0.65	0.00	-0.43	0.00	-0.08	-0.05	-0.80	-0.04
Net Debt to EBITDA	-1.22	1.22	135.29	-0.62	0.00	1.87	0.00	1.90	0.65	9.22	2.55
Long-Term Debt to EBITDA	-0.04	0.54	55.37	-0.45	0.00	-0.19	0.00	-0.08	-0.05	-0.03	-0.04
Debt to NOPAT	-1.67	4.30	-4.47	-0.59	0.00	-0.47	0.00	-0.10	-0.06	-0.94	-0.05
Net Debt to NOPAT	-1.50	4.18	-4.38	-0.56	0.00	2.05	0.00	2.43	0.67	10.93	3.28
Long-Term Debt to NOPAT	-0.04	1.84	-1.79	-0.41	0.00	-0.21	0.00	-0.10	-0.06	-0.03	-0.05
Altman Z-Score	1.72	2.08	1.82	-0.04	0.61	2.87	5.22	0.67	0.83	1.47	5.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	1.06	0.96	0.90	2.07	2.52	3.82	1.65	1.52	1.89	5.23
Quick Ratio	0.39	0.33	0.33	0.07	1.31	1.83	2.75	1.07	0.26	1.65	3.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.37	6.82	-1.71	35	-30	-3.01	-2.85	-1.49	-5.71	-9.55	-6.84
Operating Cash Flow to CapEx	-376.71%	-1,530.42%	119.05%	0.00%	-3,642.48%	0.00%	-1,347.26%	-381.75%	-156.05%	-165.26%	-217.33%
Free Cash Flow to Firm to Interest Expense	3.16	3.92	-0.70	38.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-5.30	-5.44	0.69	2.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-6.70	-5.79	0.11	2.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	1.38	1.51	0.27	0.41	0.78	0.74	0.82	0.33	0.46	0.54
Accounts Receivable Turnover	7.80	6.99	7.82	2.19	5.80	6.18	7.30	4.16	1.98	5.06	5.04
Inventory Turnover	5.30	3.88	3.99	1.22	4.72	5.35	5.16	3.76	1.59	3.80	3.91
Fixed Asset Turnover	11.49	15.01	17.90	5.20	27.12	36.33	38.59	22.35	4.12	4.53	4.64
Accounts Payable Turnover	4.94	4.54	5.60	1.32	2.63	3.22	4.59	4.35	1.16	2.74	5.84
Days Sales Outstanding (DSO)	46.81	52.18	46.69	166.70	62.96	59.02	49.99	87.72	184.36	72.15	72.39
Days Inventory Outstanding (DIO)	68.83	94.07	91.37	298.19	77.37	68.23	70.80	96.98	229.24	96.12	93.38
Days Payable Outstanding (DPO)	73.84	80.44	65.15	276.64	139.01	113.37	79.60	83.85	315.08	132.99	62.50
Cash Conversion Cycle (CCC)	41.81	65.82	72.91	188.25	1.32	13.88	41.19	100.86	98.51	35.28	103.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	33	28	28	-14	7.69	7.71	7.85	5.27	6.06	12	14
Invested Capital Turnover	2.96	3.25	4.09	2.96	-6.42	2.53	2.35	3.94	1.96	2.54	2.12
Increase / (Decrease) in Invested Capital	-6.08	-4.64	-0.61	-42	22	0.01	0.15	-2.58	0.79	5.88	2.22
Enterprise Value (EV)	29	45	56	35	10	27	54	16	48	5.33	37
Market Capitalization	24	36	46	32	19	33	65	26	51	45	52
Book Value per Share	$3.15	$3.01	$2.01	$1.37	$1.93	$1.59	$2.24	$1.57	$1.42	$3.22	$2.64
Tangible Book Value per Share	$0.85	$1.28	$0.30	$1.02	$1.93	$1.59	$2.24	$1.57	$1.42	$3.22	$2.64
Total Capital	34	36	28	16	17	15	20	16	14	39	30
Total Debt	6.20	9.36	10	3.79	0.00	1.41	0.00	0.42	0.28	3.47	0.22
Total Long-Term Debt	0.17	4.01	4.15	2.62	0.00	0.63	0.00	0.42	0.28	0.12	0.22
Net Debt	5.55	9.11	10	3.58	-9.15	-6.15	-12	-9.88	-3.30	-40	-15
Capital Expenditures (CapEx)	1.05	0.62	1.43	-0.17	0.15	0.00	0.24	1.51	2.50	3.76	2.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.32	7.55	4.33	-4.53	1.38	1.63	6.85	2.00	5.84	-12	5.70
Debt-free Net Working Capital (DFNWC)	2.97	7.80	4.55	-4.32	11	9.20	19	12	9.42	30	21
Net Working Capital (NWC)	-3.07	2.45	-1.66	-5.49	11	8.42	19	12	9.42	27	21
Net Nonoperating Expense (NNE)	2.17	3.24	6.91	-0.72	-7.20	-0.01	-0.54	1.35	-3.03	-36	1.38
Net Nonoperating Obligations (NNO)	5.55	2.11	10	-26	-9.15	-6.15	-12	-9.88	-8.16	-23	-15
Total Depreciation and Amortization (D&A)	3.29	3.32	3.80	3.38	0.99	0.02	0.59	0.67	1.41	0.85	1.16
Debt-free, Cash-free Net Working Capital to Revenue	2.18%	7.58%	3.79%	-22.50%	6.71%	8.37%	37.43%	7.72%	52.53%	-50.68%	20.63%
Debt-free Net Working Capital to Revenue	2.79%	7.83%	3.98%	-21.45%	51.16%	47.19%	101.32%	47.50%	84.75%	131.24%	74.78%
Net Working Capital to Revenue	-2.88%	2.46%	-1.45%	-27.28%	51.16%	43.19%	101.32%	47.50%	84.75%	116.61%	74.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.76)	($0.12)	($1.07)	($0.65)	($0.17)	($0.34)	($0.24)	($0.37)	($0.19)	$2.97	($0.54)
Adjusted Weighted Average Basic Shares Outstanding	7.75M	8.70M	8.72M	8.73M	8.73M	8.73M	8.86M	9.73M	9.91M	10.75M	11.10M
Adjusted Diluted Earnings per Share	($0.76)	($0.12)	($1.07)	($0.65)	($0.17)	($0.34)	($0.24)	($0.37)	($0.19)	$2.90	($0.54)
Adjusted Weighted Average Diluted Shares Outstanding	7.75M	8.70M	8.72M	8.73M	8.73M	8.73M	8.86M	9.73M	9.91M	10.95M	11.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($1.07)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.70M	8.70M	8.70M	8.73M	8.73M	8.73M	9.64M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	0.19	3.53	-2.17	-6.39	-8.23	-3.00	-2.70	-4.07	-4.92	-3.67	-4.62
Normalized NOPAT Margin	0.18%	3.54%	-1.89%	-31.74%	-39.97%	-15.39%	-14.76%	-15.72%	-44.30%	-16.06%	-16.71%
Pre Tax Income Margin	-8.06%	2.39%	-5.41%	-50.21%	-52.27%	-15.30%	-11.92%	-20.91%	-56.49%	-20.84%	-23.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-10.47	2.37	-1.51	-10.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-4.96	1.25	-0.94	-6.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-11.88	2.01	-2.09	-9.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-6.37	0.90	-1.52	-6.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-48.32%	-2.38%	0.00%	0.00%	-277.80%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-48.32%	-2.38%	-10.27%	0.00%	-277.80%

This table displays calculated financial ratios and metrics derived from Pioneer Power Solutions' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	10,009,545.00	10,009,545.00	10,009,545.00	10,009,545.00	10,917,038.00	11,012,503.00	11,012,503.00	11,120,266.00	11,095,266.00	11,095,266.00	11,095,266.00
DEI Adjusted Shares Outstanding	10,009,545.00	10,009,545.00	10,009,545.00	10,009,545.00	10,917,038.00	11,012,503.00	11,012,503.00	11,120,266.00	11,095,266.00	11,095,266.00	11,095,266.00
DEI Earnings Per Adjusted Shares Outstanding	0.10	-0.45	-0.10	-0.23	-0.10	3.30	-0.08	-0.12	-0.21	-0.13	-0.23
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	83.22%	-363.91%	-65.31%	-72.36%	-43.98%	143.98%	103.32%	146.54%	7.36%	-42.28%	-36.71%
EBITDA Growth	204.55%	-1,029.20%	-227.64%	-216.17%	-123.20%	84.61%	-50.92%	22.61%	-405.50%	-1.43%	-15.87%
EBIT Growth	166.64%	-812.90%	-345.06%	-325.62%	-175.08%	88.08%	-37.78%	18.67%	-164.01%	-40.55%	-14.68%
NOPAT Growth	193.00%	-824.49%	-278.99%	-253.93%	-153.17%	88.63%	-35.92%	1.56%	-102.66%	-1.96%	13.90%
Net Income Growth	177.12%	-440.10%	-239.49%	-369.22%	-210.88%	906.71%	10.24%	41.83%	-109.63%	-103.84%	-169.97%
EPS Growth	176.92%	-400.00%	-242.86%	-362.50%	-200.00%	835.56%	10.00%	42.86%	-110.00%	-103.63%	-155.56%
Operating Cash Flow Growth	74.34%	-99.73%	-227.87%	149.27%	-361.11%	42.90%	177.03%	-1,057.09%	70.17%	50.43%	-159.05%
Free Cash Flow Firm Growth	465.65%	-496.68%	-3,256.69%	-430.89%	-228.22%	10.36%	118.17%	-110.70%	83.45%	54.97%	-581.70%
Invested Capital Growth	0.00%	14.94%	114.27%	12.64%	0.00%	96.96%	-25.13%	38.02%	8.65%	18.58%	58.38%
Revenue Q/Q Growth	-6.75%	-293.61%	114.95%	2.41%	88.98%	52.01%	-30.89%	24.18%	-17.71%	-18.28%	-24.21%
EBITDA Q/Q Growth	13.94%	-750.23%	84.38%	-0.37%	77.25%	-331.39%	-53.19%	47.03%	-48.62%	13.44%	-75.00%
EBIT Q/Q Growth	23.67%	-1,037.85%	81.10%	-2.91%	58.85%	-48.88%	-118.53%	39.26%	-33.59%	20.74%	-78.31%
NOPAT Q/Q Growth	19.14%	-802.90%	81.71%	-0.52%	58.85%	-50.28%	-118.64%	27.20%	15.28%	24.40%	-84.64%
Net Income Q/Q Growth	19.22%	-545.00%	76.99%	-120.58%	50.90%	3,337.65%	-102.56%	-42.95%	-76.96%	40.77%	-80.17%
EPS Q/Q Growth	25.00%	-550.00%	77.78%	-110.00%	52.38%	3,410.00%	-102.72%	-33.33%	-75.00%	42.86%	-91.67%
Operating Cash Flow Q/Q Growth	48.75%	-517.34%	46.82%	129.28%	-579.68%	23.55%	171.73%	-463.85%	85.05%	-27.05%	14.55%
Free Cash Flow Firm Q/Q Growth	2,331.24%	-177.26%	-3.30%	70.19%	-438.87%	45.99%	120.94%	-445.77%	57.68%	-46.97%	-123.97%
Invested Capital Q/Q Growth	-100.00%	0.00%	98.93%	-21.42%	24.24%	1.42%	-24.38%	44.86%	-2.20%	10.70%	1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.29%	0.00%	16.14%	18.88%	23.72%	28.87%	2.20%	15.70%	9.29%	23.52%	13.64%
EBITDA Margin	11.63%	0.00%	-40.81%	-40.00%	-4.82%	-13.67%	-30.30%	-12.56%	-22.68%	-24.02%	-55.46%
Operating Margin	8.21%	0.00%	-52.07%	-51.10%	-11.13%	-11.00%	-34.81%	-20.41%	-21.01%	-19.44%	-47.35%
EBIT Margin	8.30%	0.00%	-50.86%	-51.10%	-11.13%	-10.90%	-34.47%	-16.86%	-27.37%	-26.54%	-62.45%
Profit (Net Income) Margin	8.83%	0.00%	-31.22%	-67.25%	-17.47%	372.13%	-13.78%	-15.87%	-34.12%	-24.73%	-58.79%
Tax Burden Percent	100.00%	50.66%	62.54%	133.12%	151.90%	-5,507.44%	44.75%	108.14%	138.15%	101.68%	100.00%
Interest Burden Percent	106.31%	99.56%	98.16%	98.85%	103.36%	61.99%	89.37%	87.03%	90.24%	91.63%	94.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-20.10%	0.00%	0.00%	-19.58%	-60.78%	-39.62%	-38.02%	-28.80%	-71.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-22.07%	0.00%	0.00%	-253.70%	-65.31%	-38.61%	-25.17%	-25.56%	-65.72%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	10.99%	0.00%	0.00%	161.71%	39.11%	20.78%	11.54%	15.26%	40.72%
Return on Equity (ROE)	0.00%	0.00%	-9.10%	-40.67%	-60.89%	142.14%	-21.67%	-18.84%	-26.47%	-13.54%	-30.75%
Cash Return on Invested Capital (CROIC)	0.00%	-100.79%	-147.41%	-105.48%	-361.89%	-106.12%	-10.22%	-68.20%	-45.76%	-52.38%	-82.81%
Operating Return on Assets (OROA)	0.00%	0.00%	-6.60%	0.00%	0.00%	-5.04%	-20.89%	-13.67%	-22.38%	-14.46%	-39.03%
Return on Assets (ROA)	0.00%	0.00%	-4.05%	0.00%	0.00%	172.05%	-8.36%	-12.87%	-27.91%	-13.47%	-36.74%
Return on Common Equity (ROCE)	0.00%	0.00%	-9.10%	-40.67%	-60.89%	142.14%	-21.67%	-18.84%	-26.47%	-13.54%	-30.75%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-20.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.94	-6.61	-1.21	-1.21	-0.50	-0.75	-1.64	-1.20	-1.01	-0.77	-1.41
NOPAT Margin	8.21%	0.00%	-36.45%	-35.77%	-7.79%	-7.70%	-24.37%	-14.28%	-14.71%	-13.60%	-33.15%
Net Nonoperating Expense Percent (NNEP)	0.00%	23.38%	1.97%	-13.71%	-42.74%	234.13%	4.53%	-1.01%	-12.85%	-3.24%	-5.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-45.58%	-6.61%	-7.60%	-3.37%	-1.93%	-4.46%	-3.59%	-3.27%	-2.59%	-5.07%
Cost of Revenue to Revenue	67.71%	0.00%	83.86%	81.12%	76.28%	71.13%	97.80%	84.30%	90.71%	76.48%	86.36%
SG&A Expenses to Revenue	24.08%	0.00%	61.84%	62.98%	30.86%	36.34%	35.82%	29.73%	28.69%	40.29%	57.34%
R&D to Revenue	0.00%	0.00%	6.37%	7.01%	3.99%	3.54%	1.19%	6.38%	1.61%	2.66%	3.66%
Operating Expenses to Revenue	24.08%	0.00%	68.21%	69.99%	34.85%	39.87%	37.00%	36.11%	30.30%	42.96%	60.99%
Earnings before Interest and Taxes (EBIT)	0.95	-8.92	-1.69	-1.74	-0.71	-1.06	-2.32	-1.41	-1.89	-1.49	-2.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.33	-8.66	-1.35	-1.36	-0.31	-1.33	-2.04	-1.05	-1.56	-1.35	-2.37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.61	2.39	1.90	2.63	1.28	0.95	0.93	1.56	1.79	1.34
Price to Tangible Book Value (P/TBV)	0.00	3.61	2.39	1.90	2.63	1.28	0.95	0.93	1.56	1.79	1.34
Price to Revenue (P/Rev)	1.50	4.61	8.85	0.00	0.00	1.99	1.25	0.98	1.51	1.90	1.43
Price to Earnings (P/E)	35.44	0.00	0.00	0.00	0.00	1.43	1.03	0.93	1.51	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	36.32%	50.17%	54.55%	34.72%	0.00%	0.00%
Earnings Yield	2.82%	0.00%	0.00%	0.00%	0.00%	70.04%	97.07%	107.64%	66.11%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.92	3.08	2.50	3.04	0.45	0.82	0.81	2.35	2.64	1.65
Enterprise Value to Revenue (EV/Rev)	0.00	4.32	7.62	0.00	0.00	0.23	0.28	0.34	0.95	1.35	0.94
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.02	0.01	0.01	0.01	0.10	0.07	0.01	0.01	0.01	0.04
Long-Term Debt to Equity	0.00	0.02	0.01	0.01	0.01	0.00	0.00	0.01	0.01	0.01	0.04
Financial Leverage	0.00	-0.61	-0.50	-0.47	-0.20	-0.64	-0.60	-0.54	-0.46	-0.60	-0.62
Leverage Ratio	0.00	2.33	2.13	2.05	2.73	1.99	1.65	1.58	1.71	1.57	1.31
Compound Leverage Factor	0.00	2.32	2.09	2.03	2.82	1.24	1.48	1.37	1.54	1.44	1.24
Debt to Total Capital	0.00%	1.92%	1.24%	1.25%	1.16%	8.92%	6.25%	0.84%	0.80%	0.74%	3.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	8.60%	5.98%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	1.92%	1.24%	1.25%	1.16%	0.31%	0.27%	0.84%	0.80%	0.74%	3.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	98.08%	98.76%	98.75%	98.84%	91.08%	93.75%	99.16%	99.20%	99.26%	96.19%
Debt to EBITDA	0.00	-0.05	-0.03	-0.02	-0.01	-0.80	-0.46	-0.06	-0.04	-0.04	-0.17
Net Debt to EBITDA	0.00	0.65	0.80	0.63	0.25	9.22	5.05	4.48	3.14	2.55	2.00
Long-Term Debt to EBITDA	0.00	-0.05	-0.03	-0.02	-0.01	-0.03	-0.02	-0.06	-0.04	-0.04	-0.17
Debt to NOPAT	0.00	-0.06	-0.03	-0.02	-0.02	-0.94	-0.56	-0.07	-0.05	-0.05	-0.24
Net Debt to NOPAT	0.00	0.67	0.91	0.75	0.31	10.93	6.20	4.88	3.89	3.28	2.85
Long-Term Debt to NOPAT	0.00	-0.06	-0.03	-0.02	-0.02	-0.03	-0.02	-0.07	-0.05	-0.05	-0.24
Altman Z-Score	0.00	0.59	0.88	0.06	0.06	1.67	2.55	4.35	5.41	6.23	4.30
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.52	1.65	1.51	1.41	1.89	3.10	5.42	4.62	5.23	4.68
Quick Ratio	0.00	0.26	0.84	0.57	0.58	1.65	2.50	4.23	3.49	3.71	3.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.57	-7.40	-7.64	-2.28	-12	-6.63	1.39	-4.80	-2.03	-2.98	-6.69
Operating Cash Flow to CapEx	-38.70%	-2,428.48%	-915.49%	142.39%	-413.12%	-84.37%	252.44%	-3,768.97%	-103.16%	-90.66%	-380.69%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.33	0.13	0.00	0.00	0.46	0.61	0.81	0.82	0.54	0.62
Accounts Receivable Turnover	0.00	1.98	0.51	0.00	0.00	5.06	3.18	5.80	4.41	5.04	5.78
Inventory Turnover	0.00	1.59	0.52	0.00	0.00	3.80	2.64	2.76	2.35	3.91	3.47
Fixed Asset Turnover	0.00	4.12	1.67	0.00	0.00	4.53	5.17	6.52	6.12	4.64	4.46
Accounts Payable Turnover	0.00	1.16	0.53	0.00	0.00	2.74	2.49	3.08	3.47	5.84	5.08
Days Sales Outstanding (DSO)	0.00	184.36	713.31	0.00	0.00	72.15	114.76	62.92	82.80	72.39	63.17
Days Inventory Outstanding (DIO)	0.00	229.24	707.25	0.00	0.00	96.12	138.28	132.08	155.61	93.38	105.34
Days Payable Outstanding (DPO)	0.00	315.08	693.35	0.00	0.00	132.99	146.82	118.64	105.11	62.50	71.91
Cash Conversion Cycle (CCC)	0.00	98.51	727.21	0.00	0.00	35.28	106.22	76.36	133.29	103.27	96.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	6.06	12	9.48	12	12	9.03	13	13	14	14
Invested Capital Turnover	0.00	1.96	0.55	0.00	0.00	2.54	2.49	2.77	2.59	2.12	2.16
Increase / (Decrease) in Invested Capital	-8.63	0.79	6.43	1.06	12	5.88	-3.03	3.60	1.02	2.22	5.27
Enterprise Value (EV)	0.00	48	37	24	36	5.33	7.44	11	30	37	24
Market Capitalization	63	51	43	30	39	45	33	31	48	52	36
Book Value per Share	$0.00	$1.42	$1.80	$1.58	$1.34	$3.22	$3.13	$2.97	$2.77	$2.64	$2.42
Tangible Book Value per Share	$0.00	$1.42	$1.80	$1.58	$1.34	$3.22	$3.13	$2.97	$2.77	$2.64	$2.42
Total Capital	0.00	14	18	16	15	39	37	33	31	30	28
Total Debt	0.00	0.28	0.23	0.20	0.17	3.47	2.30	0.28	0.25	0.22	1.06
Total Long-Term Debt	0.00	0.28	0.23	0.20	0.17	0.12	0.10	0.28	0.25	0.22	1.06
Net Debt	0.00	-3.30	-6.00	-6.31	-2.91	-40	-25	-20	-18	-15	-13
Capital Expenditures (CapEx)	1.54	0.15	0.21	0.40	0.66	2.48	0.60	0.15	0.79	1.15	0.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	5.84	7.28	4.63	6.02	-12	2.51	5.92	5.43	5.70	5.07
Debt-free Net Working Capital (DFNWC)	0.00	9.42	14	11	9.10	30	28	24	23	21	19
Net Working Capital (NWC)	0.00	9.42	14	11	9.10	27	26	24	23	21	19
Net Nonoperating Expense (NNE)	-0.07	-2.11	-0.17	1.07	0.62	-37	-0.71	0.13	1.34	0.63	1.09
Net Nonoperating Obligations (NNO)	0.00	-8.16	-6.00	-6.31	-2.91	-23	-25	-20	-18	-15	-13
Total Depreciation and Amortization (D&A)	0.38	0.26	0.33	0.38	0.41	-0.27	0.28	0.36	0.32	0.14	0.30
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	52.53%	149.32%	0.00%	0.00%	-50.68%	9.55%	18.92%	17.10%	20.63%	20.17%
Debt-free Net Working Capital to Revenue	0.00%	84.75%	277.03%	0.00%	0.00%	131.24%	107.78%	76.46%	71.70%	74.78%	74.17%
Net Working Capital to Revenue	0.00%	84.75%	277.03%	0.00%	0.00%	116.61%	99.42%	76.46%	71.70%	74.78%	74.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.45)	($0.10)	($0.21)	($0.10)	$3.38	($0.09)	($0.12)	($0.21)	($0.12)	($0.23)
Adjusted Weighted Average Basic Shares Outstanding	0.00	9.91M	10.11M	10.92M	10.92M	10.75M	11.12M	11.10M	11.10M	11.10M	11.10M
Adjusted Diluted Earnings per Share	$0.00	($0.45)	($0.10)	($0.21)	($0.10)	$3.31	($0.09)	($0.12)	($0.21)	($0.12)	($0.23)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	10.13M	10.11M	10.92M	10.92M	10.95M	11.19M	11.10M	11.10M	11.19M	11.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	11.01M	0.00	11.12M	11.10M	11.10M	0.00	11.10M
Normalized Net Operating Profit after Tax (NOPAT)	0.66	-6.61	-1.21	-1.21	-0.50	-0.75	-1.64	-1.20	-1.01	-0.77	-1.41
Normalized NOPAT Margin	5.75%	0.00%	-36.45%	-35.77%	-7.79%	-7.70%	-24.37%	-14.28%	-14.71%	-13.60%	-33.15%
Pre Tax Income Margin	8.83%	0.00%	-49.92%	-50.52%	-11.50%	-6.76%	-30.80%	-14.67%	-24.70%	-24.32%	-58.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.14%	0.00%	0.00%	-277.80%	0.00%
Augmented Payout Ratio	0.00%	-10.27%	0.00%	0.00%	0.00%	0.00%	52.14%	0.00%	0.00%	-277.80%	0.00%

Financials Breakdown Chart

Pioneer Power Solutions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Pioneer Power Solutions' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Pioneer Power Solutions' net income appears to be on a downward trend, with a most recent value of -$6.00 million in 2025, rising from -$5.88 million in 2015. The previous period was $31.86 million in 2024. Find out what analysts predict for Pioneer Power Solutions in the coming months.

Pioneer Power Solutions' total operating income in 2025 was -$6.60 million, based on the following breakdown:

Total Gross Profit: $3.43 million
Total Operating Expenses: $10.02 million

Over the last 10 years, Pioneer Power Solutions' total revenue changed from $106.52 million in 2015 to $27.63 million in 2025, a change of -74.1%.

Pioneer Power Solutions' total liabilities were at $6.14 million at the end of 2025, a 79.9% decrease from 2024, and a 84.5% decrease since 2015.

In the past 10 years, Pioneer Power Solutions' cash and equivalents has ranged from $211 thousand in 2018 to $41.62 million in 2024, and is currently $14.96 million as of their latest financial filing in 2025.

Over the last 10 years, Pioneer Power Solutions' book value per share changed from 3.15 in 2015 to 2.64 in 2025, a change of -16.1%.

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Financial statements for NASDAQ:PPSI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Pioneer Power Solutions (PPSI) Financials

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Pioneer Power Solutions Financials - Frequently Asked Questions

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Pioneer Power Solutions (PPSI) Financials

Annual Income Statements for Pioneer Power Solutions

Quarterly Income Statements for Pioneer Power Solutions

Annual Cash Flow Statements for Pioneer Power Solutions

Quarterly Cash Flow Statements for Pioneer Power Solutions

Annual Balance Sheets for Pioneer Power Solutions

Quarterly Balance Sheets for Pioneer Power Solutions

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Quarterly Metrics And Ratios for Pioneer Power Solutions

Financials Breakdown Chart

Pioneer Power Solutions Financials - Frequently Asked Questions

When does Pioneer Power Solutions' financial year end?

How has Pioneer Power Solutions' net income changed over the last 10 years?

What is Pioneer Power Solutions' operating income?

How has Pioneer Power Solutions' revenue changed over the last 10 years?

How much debt does Pioneer Power Solutions have?

How much cash does Pioneer Power Solutions have?

How has Pioneer Power Solutions' book value per share changed over the last 10 years?

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