NASDAQ:PPSI
Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc.'s revenue grew 20.8% in fiscal 2025 to $27.6M while operating margin fell to −23.9%. Free cash flow was −$8.5M, −30.7% of revenue, and the diluted share count rose 2.1%.Summary generated from Pioneer Power Solutions, Inc.'s SEC filings. Latest annual report filed Apr 8, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$27.6M
Revenue growth+20.8%
Revenue, 5-yr CAGR+7.2%
Gross margin12.4%
Operating margin−23.9%
Net margin−21.7%
ROICn/a
Return on equity−18.5%
Debt / equityn/a
Free cash flow−$8.5M
FCF margin−30.7%
Share count change+2.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 18 | 26 | 11 | 23 | 28 |
| Operating income | −4 | −6 | −7 | −5 | −7 |
| Net income | −2 | −5 | −2 | 32 | −6 |
| Free cash flow | −3 | −7 | −6 | −10 | −8 |
Recent filings
- DEF 14AProxy statement
Sep 22, 2026 - 8-KResults of operations and financial condition
Aug 17, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 14, 2026 - 8-KRegulation FD disclosure
May 18, 2026 - 8-KResults of operations and financial condition
May 18, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 15, 2026 - 8-KResults of operations and financial condition
Apr 8, 2026 - 10-KAnnual report for the fiscal year ended Dec 31, 2025
Apr 8, 2026