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MARKETS / NASDAQ / PPSI
NASDAQ · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES · SMALL CAP

Pioneer Power Solutions, Inc. PPSI

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$27.6M
▲ 20.8% YoY
$-6.0M
▼ 118.8% YoY
$-8.5M
In brief

What this company does

We are headquartered in Fort Lee, New Jersey and operate from two (2) additional locations in the United States for manufacturing, service and maintenance, engineering, and sales and administration. In October 2024, we sold our Pioneer Custom Electrical Products Corp. (“PCEP”) business unit to a buyer (the “PCEP Sale”) as a result of a strategic change to the operations of our business. As of December 31, 2025, we had 58 full-time employees. On September 24, 2013, we completed an underwritten public offering, and our common stock began trading on the Nasdaq Capital Market under the symbol “PPSI”. Our corporate website is located at www.pioneerpowersolutions.com.

Written from the business description in Pioneer Power Solutions, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 8 April 2026. Every sentence was checked against that document before publication.

Growth
USD 27.6M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 27.6 · Net income -6.0
40M80M201020122014201620182020202220242025
Compound annual growth
+2.2%
+7.2%
−12.6%
−3.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−22 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -23.9% · Net -21.7%
50%100%-20%-40%-60%201020122014201620182020202220242025
ROE
FY2025 · ROE -18.5%
50%100%-20%-40%201020122014201620182020202220242025

Each USD of equity lost 19 cents this year.

Cash & shareholders
USD 16.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -8.5
0.8M-4.0M-8.0M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 16.7 · Net buybacks —
8M16M20212025

USD 16.7M in dividends went back to shareholders in a year without profit.

Total assetsUSD 35.5M
EquityUSD 29.3M
Current ratio5.23×

Equity funds 83% of total assets.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.10.10.10.10.10.10.10.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.00.00.00.00.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.00.00.00.00.00.0
Income tax $B0.0−0.0·0.0−0.00.00.0−0.00.00.0−0.00.00.00.00.00.0
Net income $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0−0.00.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0·−0.00.00.0−0.0−0.0−0.00.00.00.0·
EPS, diluted $−0.542.90−0.20−0.56−0.24−0.34−0.12−0.65−1.06−0.12−0.76−0.040.840.51−0.010.50
Dividend / sh $················
Payout %−278···−48···········
ROE %−18.5128.3−12.9−31.2−13.0−19.5−7.2−38.4−42.2−4.0−20.2−0.921.618.3−0.419.5
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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