PIONEER POWER SOLUTIONS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 09/30/23 | FY 06/30/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $27.6M | $22.9M | $11.1M | — | — |
| Cost of revenue | $24.2M | $17.4M | $8.9M | — | — |
| Gross profit | $3.4M | $5.5M | $2.2M | — | — |
| Selling, general & administrative | $9.1M | $9.7M | $8.4M | — | — |
| Research and development | $875,000 | $1.1M | $885,000 | — | — |
| Operating expenses | $10.0M | $10.8M | $9.3M | — | — |
| Operating income | -$6.6M | -$5.2M | -$7.0M | — | — |
| Pretax income | -$6.4M | -$4.8M | -$6.3M | — | — |
| Income tax expense | $74,000 | -$1.4M | — | — | — |
| Net income | -$6.0M | $31.9M | -$1.9M | — | — |
| Balance Sheet | |||||
| Cash and equivalents | — | $41.6M | $3.6M | — | — |
| Current assets | $25.5M | $56.7M | $27.7M | $30.3M | $26.8M |
| Total assets | $35.5M | $66.0M | $33.0M | $35.7M | $31.0M |
| Current liabilities | $4.9M | $30.0M | $18.3M | $16.6M | $12.5M |
| Total liabilities | $6.1M | $30.5M | $18.8M | $17.2M | $13.3M |
| Stockholders' equity | $29.3M | $35.4M | $14.2M | $18.5M | $17.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$5.8M | -$6.2M | -$3.9M | — | — |
| Depreciation and amortization | $1.0M | $716,000 | $397,000 | — | — |
| Stock-based compensation | $35,000 | $1.1M | $1.5M | — | — |
| Capital expenditure | $2.7M | $3.8M | $2.5M | — | — |
| Free cash flow | -$8.5M | -$10.0M | -$6.4M | — | — |
| Dividends paid | $16.7M | — | — | — | — |
| Share repurchases | $148,000 | $344,000 | $720,000 | — | — |
Shares outstanding 11.1M · Free float 8.3%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.