Pioneer Power Solutions, Inc. (PPSI)

Pioneer Power Solutions Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.67	14.96	41.62	3.58	10.3	9.92
Cash & Short-Term Investments	10.67	14.96	41.62	3.58	10.3	9.92
Cash Growth	-40.73%	-64.06%	1061.98%	-65.21%	3.75%	31.15%
Accounts Receivable	4.25	3.13	7.83	1.22	10.01	2.43
Receivables	4.25	3.13	7.83	1.22	10.01	8.21
Inventory	6.58	6.32	6.07	3.08	8.09	4.16
Prepaid Expenses	1.14	1.12	0.97	1.16	2.85	1.07
Restricted Cash	-	-	-	-	-	1.78
Other Current Assets	-	0.01	0.17	18.65	-	-
Total Current Assets	22.63	25.54	56.66	27.68	31.25	25.14
Property, Plant & Equipment	6.16	6.88	7.25	4.43	3.98	2.75
Long-Term Investments	-	0.42	2	-	-	-
Long-Term Accounts Receivable	2.45	2.58	-	-	-	-
Long-Term Deferred Charges	-	-	-	0.2	-	-
Other Long-Term Assets	0.29	0.04	0.04	0.72	0.16	0.04
Total Assets	31.54	35.46	65.95	33.02	35.39	27.93

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.42	2.25	3.05	1.68	5.62	2.09
Accrued Expenses	1.2	1.5	1.49	6.43	1.62	1.26
Current Portion of Leases	0.37	0.35	0.35	0.38	1.06	0.81
Current Income Taxes Payable	-	-	4.08	-	-	-
Current Unearned Revenue	1.51	0.79	0.99	0.31	10.66	2.42
Other Current Liabilities	-	-	20.01	9.47	-	-
Total Current Liabilities	5.5	4.88	29.98	18.26	18.96	6.58
Long-Term Leases	0.97	1.16	0.42	0.49	1.22	1.52
Other Long-Term Liabilities	0.3	0.1	0.12	0.05	0.07	0.27
Total Liabilities	6.77	6.14	30.52	18.8	20.24	8.38

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	35.32	35.31	35.42	33.84	32.86	31.84
Retained Earnings	-10.57	-6	-	-19.63	-17.73	-12.31
Comprehensive Income & Other	-	-	-	-	0.01	0.01
Shareholders' Equity	24.76	29.32	35.43	14.22	15.15	19.55
Total Liabilities & Equity	31.54	35.46	65.95	33.02	35.39	27.93

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1.34	1.5	0.78	0.87	2.27	2.33
Net Cash (Debt)	9.33	13.46	40.85	2.71	8.02	7.6
Net Cash Growth	-45.59%	-67.05%	1405.60%	-66.19%	5.59%	39.70%
Net Cash Per Share	0.84	1.20	3.73	0.27	0.82	0.86
Filing Date Shares Outstanding	11.1	11.1	11.12	10.92	9.77	9.64
Total Common Shares Outstanding	11.1	11.1	11.12	9.93	9.64	9.64
Working Capital	17.13	20.66	26.68	9.42	12.29	18.55
Book Value Per Share	2.23	2.64	3.19	1.43	1.57	2.03
Tangible Book Value	24.76	29.32	35.43	14.22	15.15	19.55
Tangible Book Value Per Share	2.23	2.64	3.19	1.43	1.57	2.03
Machinery	-	4.19	2.76	3.03	3.11	2.14
Construction In Progress	-	1.64	2.18	1.95	0.5	-
Leasehold Improvements	-	0.15	0.1	0.1	0.37	0.32
Order Backlog	-	12.62	19.76	16.67	38.28	22.8

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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