PIONEER POWER SOLUTIONS, INC.
Business
Pioneer Power Solutions, Inc. designs, manufactures, integrates, services, and sells distributed energy resources, on-site and mobile power generation equipment, and mobile electric vehicle charging solutions. Products include the e-Boost suite of mobile EV chargers, engine-generator sets up to 2 MW, uninterruptible power supply systems, and the new PRYMUS mobile microgrid and PowerCore residential generator-charger platforms. The company operates a single Critical Power segment serving utility, industrial, and commercial customers including utilities, retailers, hospitals, data centers, municipalities, and EV infrastructure developers through direct sales and field service networks in the United States and Canada.
Summary from 10-K filed 2026-04-08
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 28 | 23 | 11 | 26 | 18 | |
| Cost of goods sold | 24 | 17 | 9 | 23 | 17 | |
| Gross profit | 3 | 6 | 2 | 3 | 1 | |
| Selling, general and administrative | 9 | 10 | 8 | 9 | 5 | |
| Research and development | 875,000 | 1 | 885,000 | — | — | |
| Total operating expenses | 10 | 11 | 9 | 9 | 5 | |
| Operating loss from continuing operations | −7 | −5 | −7 | −6 | −4 | |
| Interest income, net | 739,000 | 431,000 | 232,000 | — | — | |
| Other (expense) income, net | −518,000 | 50,000 | 524,000 | 67,000 | −1 | |
| Loss before income taxes | −6 | −5 | −6 | −5 | −2 | |
| Income tax expense (benefit) | 74,000 | −1 | — | 7,000 | −16,000 | |
| Net loss from continuing operations | −6 | −3 | −6 | — | — | |
| Income from discontinued operations, net of income taxes | 449,000 | 35 | 4 | — | — | |
| Net (loss) income | −6 | 32 | −2 | −5 | −2 | |
| Loss from continuing operations | −0.58 | −0.31 | −0.63 | — | — | |
| Earnings from discontinued operations | 0.04 | 3.28 | 0.44 | — | — | |
| Basic (loss) earnings per share | −0.54 | 2.97 | −0.19 | −0.56 | −0.24 | |
| Loss from continuing operations | −0.58 | −0.31 | −0.63 | — | — | |
| Earnings from discontinued operations | 0.04 | 3.21 | 0.43 | — | — | |
| Diluted (loss) income per share | −0.54 | 2.9 | −0.2 | −0.56 | −0.24 | |
| Basic | 11 | 11 | 10 | 10 | 9 | |
| Diluted | 11 | 11 | 10 | 10 | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-10-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash | 15 | 42 | — | 4 | — | |
| Accounts receivable, net of allowance for credit losses of $23 and $13 as of December 31, 2025, and 2024, respectively | 3 | 8 | — | 9 | 8 | |
| Inventories | 6 | 6 | — | 3 | 9 | |
| Prepaid expenses and other current assets | 1 | 1 | — | 6 | — | |
| Total current assets | 26 | 57 | — | 28 | 30 | |
| Property and equipment, net | 5 | 7 | — | 4 | — | |
| Operating lease right-of-use assets, net | 1 | 530,000 | — | 425,000 | — | |
| Financing lease right-of-use assets, net | 332,000 | 221,000 | — | 403,000 | — | |
| Investments | 418,000 | 2 | 2 | — | — | |
| Lease receivable | 3 | — | — | — | — | |
| Other assets | 44,000 | 40,000 | — | 40,000 | — | |
| Total assets | 35 | 66 | — | 33 | 36 | |
| Accounts payable and accrued liabilities | 4 | 5 | — | 8 | — | |
| Current portion of operating lease liabilities, net | 223,000 | 244,000 | — | 237,000 | — | |
| Current portion of financing lease liabilities, net | 123,000 | 109,000 | — | 139,000 | — | |
| Deferred revenue | 791,000 | 991,000 | — | 307,000 | 6 | |
| Consideration due to buyer | — | 3 | — | — | — | |
| Income taxes payable | — | 4 | — | — | — | |
| Dividend payable | — | 17 | — | — | — | |
| Total current liabilities | 5 | 30 | — | 18 | 17 | |
| Operating lease liabilities, non-current portion, net | 936,000 | 301,000 | — | 215,000 | — | |
| Financing lease liabilities, non-current portion, net | 219,000 | 121,000 | — | 278,000 | — | |
| Other long-term liabilities | 101,000 | 122,000 | — | 49,000 | — | |
| Total liabilities | 6 | 31 | — | 19 | 17 | |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued | — | — | — | — | — | |
| Common stock, $0.001 par value, 30,000,000 shares authorized; 11,095,266 and 11,120,266 shares issued and outstanding on December 31, 2025, and 2024, respectively | 11,000 | 11,000 | — | 10,000 | — | |
| Additional paid-in capital | 35 | 35 | — | 34 | — | |
| Accumulated deficit | −6 | — | — | −20 | −15 | |
| Total stockholders equity | 29 | 35 | — | 14 | 18 | |
| Total liabilities and stockholders equity | 35 | 66 | — | 33 | 36 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 716,000 | 397,000 | 228,000 | 153,000 | |
| Amortization of right-of-use financing leases | 137,000 | 129,000 | 324,000 | 238,000 | 285,000 | |
| Non cash lease expense | 228,000 | 224,000 | — | — | — | |
| Change in allowance for credit losses | 120,000 | 35,000 | 97,000 | −140,000 | 71,000 | |
| Stock-based compensation | 35,000 | 1 | 1 | 1 | 186,000 | |
| Gain on sale of PCEP business | — | −35 | — | — | — | |
| Loss attributable to equity method investee | 601,000 | — | — | — | — | |
| Write-off of costs related to contract settlement | 238,000 | — | — | — | — | |
| Loss on disposal of property and equipment | 112,000 | 177,000 | — | — | — | |
| Selling profit on sales-type leases | −1 | — | — | — | — | |
| Gain on change in consideration due to buyer | −1 | — | — | — | — | |
| Accounts receivable, net | 5 | −10 | 585,000 | −7 | 115,000 | |
| Inventories | 193,000 | −15 | 511,000 | −4 | −2 | |
| Prepaid expenses and other assets | 603,000 | 5 | −5 | −2 | −195,000 | |
| Assets held for sale | — | 14 | — | — | — | |
| Liabilities held for sale | — | −9 | — | — | — | |
| Accounts payable, accrued liabilities and other liabilities | −894,000 | 12 | 5 | — | — | |
| Income taxes | −4 | −1 | −7,000 | 28,000 | 397,000 | |
| Deferred revenue | −200,000 | 684,000 | −6 | 8 | 2 | |
| Operating lease liabilities | −249,000 | −748,000 | −703,000 | −653,000 | −752,000 | |
| Net cash used in operating activities | −6 | −6 | −4 | −6 | −3 | |
| Purchase of property and equipment | −3 | −4 | −2 | −2 | −237,000 | |
| Proceeds from sale of PCEP business, net of transaction costs | — | 43 | — | — | — | |
| Payment of consideration payable | −2 | — | — | — | — | |
| Dividend received from equity method investee | 981,000 | — | — | — | — | |
| Net cash (used in)/ provided by investing activities | −4 | 39 | −2 | 5 | −237,000 | |
| Net proceeds from the exercise of options for common stock | — | 519,000 | 50,000 | 17,000 | 58,000 | |
| Net proceeds from issuance of common stock | — | 5 | 177,000 | — | 9 | |
| Payment of cash dividend | −17 | — | — | — | −1 | |
| Principal repayments of financing leases | −136,000 | −129,000 | −355,000 | −241,000 | −112,000 | |
| Payments for tax withholding related to vesting of restricted stock units | −148,000 | — | — | — | — | |
| Net cash (used in)/ provided by financing activities | −17 | 5 | −323,000 | −353,000 | 8 | |
| (Decrease) increase in cash | −27 | 38 | −7 | −1 | 4 | |
| Interest paid | 8,000 | 35,000 | 7,000 | 4,000 | 3,000 | |
| Income taxes paid, net of refunds | 5 | 7,000 | 2,000 | −20,000 | −395,000 | |
| Surrender and retirement of common stock | — | 344,000 | 720,000 | — | — | |
| Transfer from property and equipment to inventory | −440,000 | — | — | — | — | |
| Sales-type lease origination | 3 | — | — | — | — | |
| Derecognition of assets in exchange for net investment in sales-type lease | −2 | — | — | — | — | |
| Property and equipment obtained in exchange for accounts payable and accrued liabilities | −96,000 | 272,000 | — | — | — | |
| Finance lease ROU assets obtained in exchange for finance lease liabilities | 248,000 | — | — | — | — | |
| Operating lease ROU assets obtained in exchange for operating lease liabilities | 842,000 | 330,000 | — | — | — | |
| Cash dividend declared | — | 17 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PIONEER POWER SOLUTIONS, INC.'s CIK number?
PIONEER POWER SOLUTIONS, INC.'s SEC CIK number is 0001449792 (1449792). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PIONEER POWER SOLUTIONS, INC.'s SEC filings?
All of PIONEER POWER SOLUTIONS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PIONEER POWER SOLUTIONS, INC. last report earnings?
PIONEER POWER SOLUTIONS, INC. (PPSI) most recently filed an earnings 8-K with the SEC on May 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-024063). This is PIONEER POWER SOLUTIONS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is PIONEER POWER SOLUTIONS, INC.'s most recent earnings 8-K?
PIONEER POWER SOLUTIONS, INC.'s latest earnings 8-K (Item 2.02) was filed May 18, 2026 under accession 0001493152-26-024063. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PIONEER POWER SOLUTIONS, INC.'s latest earnings 8-K →
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