Pioneer Power Solutions, Inc. (PPSI)

Pioneer Power Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	31.75	22.88	11.12	25.88	18.31	19.49
Revenue Growth (YoY)	-	105.82%	-57.05%	41.33%	-6.05%	-5.31%
Cost of Revenue	26.83	17.37	8.89	23.05	16.92	18.61
Gross Profit	4.92	5.51	2.23	2.83	1.39	0.88
Selling, General & Admin	10.42	9.71	8.38	8.64	5.15	5.03
Research & Development	1.07	1.05	0.89	-	-	-
Operating Expenses	11.49	10.76	9.26	8.64	5.26	5.17
Operating Income	-6.58	-5.25	-7.04	-5.81	-3.86	-4.28
Interest & Investment Income	1.02	0.43	0.23	0.47	0.39	0.33
Other Non Operating Income (Expenses)	0.09	0.05	-0	-0.07	-0.13	0
EBT Excluding Unusual Items	-5.66	-4.77	-6.8	-5.41	-3.6	-3.95
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.97
Legal Settlements	-	-	0.53	-	-	-
Other Unusual Items	-	-	-	-	1.42	-
Pretax Income	-5.66	-4.77	-6.28	-5.41	-2.18	-2.98
Income Tax Expense	-1.35	-1.42	-	0.01	-0.02	0.01
Earnings From Continuing Operations	-4.32	-3.35	-6.28	-5.42	-2.17	-2.99
Earnings From Discontinued Operations	36	35.2	4.38	-	-	-
Net Income	31.69	31.86	-1.9	-5.42	-2.17	-2.99
Net Income to Common	31.69	31.86	-1.9	-5.42	-2.17	-2.99
Shares Outstanding (Basic)	11	11	10	10	9	9
Shares Outstanding (Diluted)	11	11	10	10	9	9
Shares Change (YoY)	7.85%	10.59%	1.83%	9.82%	1.51%	-
EPS (Basic)	2.86	2.96	-0.19	-0.56	-0.24	-0.34
EPS (Diluted)	2.86	2.96	-0.19	-0.56	-0.24	-0.34
Free Cash Flow	-10.89	-9.97	-6.39	-7.28	-3.43	-3.61
Free Cash Flow Per Share	-0.96	-0.91	-0.65	-0.75	-0.39	-0.41
Gross Margin	15.49%	24.10%	20.02%	10.92%	7.61%	4.52%
Operating Margin	-20.71%	-22.94%	-63.29%	-22.45%	-21.09%	-21.98%
Profit Margin	99.80%	139.23%	-17.07%	-20.94%	-11.83%	-15.32%
Free Cash Flow Margin	-34.29%	-43.58%	-57.49%	-28.15%	-18.73%	-18.54%
EBITDA	-5.45	-4.4	-6.31	-5.34	-3.42	-3.82
EBITDA Margin	-17.16%	-19.25%	-56.80%	-20.65%	-18.70%	-19.60%
D&A For EBITDA	1.13	0.85	0.72	0.47	0.44	0.46
EBIT	-6.58	-5.25	-7.04	-5.81	-3.86	-4.28
EBIT Margin	-20.71%	-22.94%	-63.29%	-22.45%	-21.09%	-21.98%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q