PIONEER POWER SOLUTIONS, INC. Income Statement
PPSI|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$23M
FY2025
Gross Profit
$6M
24.1% gross margin
Operating Income
-$5M
FY2025
Net Income
$32M
FY2025
PIONEER POWER SOLUTIONS, INC. reported $23M in revenue and $32M in net income for FY2025. Revenue has declined at a 5.0% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Accrual-heavy earnings: Net income significantly exceeds operating cash flow
- Profit margin: 139.2% of revenue retained as profit
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.9M | $11.1M | $25.9M | $18.3M | $19.5M | $20.6M | $20.1M | $114.4M | $99.6M | $106.5M | $92.2M | $88.2M | $84.0M | $68.8M | $47.2M |
| Cost of Revenue | $17.4M | $8.9M | $13.3M | $16.9M | $18.6M | $19.4M | $18.2M | $95.8M | $77.5M | $85.1M | $74.0M | $66.4M | $65.0M | $52.8M | $35.6M |
| Gross Profit | $5.5M | $2.2M | -$2.1M | $1.4M | $881.0K | $1.2M | $1.9M | $17.7M | $22.1M | $21.4M | $18.2M | $21.8M | $18.9M | $16.0M | $11.6M |
| SG&A Expense | $9.7M | $8.4M | $8.6M | $5.3M | $5.2M | $12.9M | $11.0M | $21.2M | $16.7M | $21.5M | $15.2M | $14.7M | $13.2M | $11.1M | $7.6M |
| R&D Expense | $1.1M | $885.0K | $885.0K | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -$5.2M | -$7.0M | -$6.4M | -$3.9M | -$4.3M | -$11.8M | -$9.1M | -$3.3M | $3.6M | -$5.3M | $1.8M | $7.1M | $5.9M | $4.7M | $4.1M |
| Interest Expense | - | - | - | $4.0K | $9.0K | $9.0K | - | - | - | - | - | - | - | - | - |
| Income Tax | -$1.4M | -$1.4M | $7.0K | -$16.0K | $5.0K | $1.3M | -$796.0K | $3.0M | $925.0K | -$2.7M | $523.0K | $682.0K | $1.7M | $773.0K | $327.0K |
| Net Income | $31.9M | -$1.9M | -$6.4M | -$2.2M | -$3.0M | -$1.0M | -$5.7M | -$9.2M | -$1.1M | -$5.9M | -$268.0K | $5.3M | $3.0M | -$60.0K | $2.9M |
| EPS (Basic) | $2.97 | -$0.19 | -$0.65 | -$0.24 | -$0.34 | -$0.12 | -$0.65 | -$1.06 | -$0.12 | -$0.76 | -$0.04 | $0.84 | $0.51 | -$0.01 | $0.50 |
| EPS (Diluted) | $2.90 | -$0.20 | -$0.65 | -$0.24 | -$0.34 | -$0.12 | -$0.65 | -$1.06 | -$0.12 | -$0.76 | -$0.04 | $0.84 | $0.51 | -$0.01 | $0.50 |
| Shares Outstanding | 11.1M | 9.9M | 9.6M | 9.6M | 8.7M | 8.7M | 8.7M | 8.7M | 8.7M | 8.7M | 7.4M | 7.2M | 5.9M | 5.9M | 5.9M |
| Gross Margin | 24.1% | 20.0% | -8.2% | 7.6% | 4.5% | 5.7% | 9.4% | 15.5% | 22.2% | 20.1% | 19.7% | 24.7% | 22.6% | 23.2% | 24.6% |
| Operating Margin | -22.9% | -63.3% | -24.9% | -21.1% | -22.0% | -57.1% | -45.3% | -2.9% | 3.6% | -5.0% | 1.9% | 8.1% | 7.1% | 6.9% | 8.7% |
| Profit Margin | 139.2% | -17.1% | -24.6% | -11.8% | -15.3% | -5.0% | -28.1% | -8.1% | -1.1% | -5.5% | -0.3% | 6.0% | 3.6% | -0.1% | 6.2% |