Pioneer Power Solutions, Inc. (PPSI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 23.73M | 25.54M | 29.05M | 29.32M | 38.63M | 56.66M | 31.45M | 33.02M | 34.31M | 27.68M | 30.32M | 26.54M | 31.91M | 33.04M | 26.45M | 31.08M | 32.16M | 25.14M | 12.6M | 14.99M |
| Cash & Short-Term Investments | 13.58M | 14.96M | 17.34M | 18M | 25.84M | 41.62M | 3.08M | 6.51M | 6.23M | 3.58M | 7.58M | 9.62M | 11.56M | 10.3M | 7.21M | 9.79M | 13.14M | 9.92M | 3.37M | 5.13M |
| Cash Only | 13.58M | 14.96M | 17.34M | 18M | 25.84M | 41.62M | 3.08M | 6.51M | 6.23M | 3.58M | 7.58M | 9.62M | 11.56M | 10.3M | 7.21M | 9.79M | 13.14M | 9.92M | 3.37M | 5.13M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.36M | 3.13M | 4.61M | 4.88M | 5.34M | 7.83M | 9.8M | 5.9M | 11.2M | 9.01M | 8.94M | 5.83M | 7.86M | 11.14M | 9.92M | 11.2M | 10.03M | 8.21M | 3.3M | 3.99M |
| Days Sales Outstanding | 68.51 | 63.24 | 63.38 | 55.61 | 87.94 | 154.19 | 66.19 | 229.11 | 277.32 | 98.12 | 59.33 | 50.75 | 89.49 | 115.31 | 155.46 | 198.68 | 135.97 | 151.37 | 59.05 | 68.44 |
| Inventory | 5.83M | 6.32M | 6.78M | 5.78M | 6.46M | 6.07M | 16.1M | 12.66M | 9.59M | 7.58M | 8.28M | 8.46M | 9.59M | 8.75M | 8.48M | 9.02M | 6.96M | 4.16M | 3.5M | 3.31M |
| Days Inventory Outstanding | 148.4 | 139.92 | 92.14 | 78.92 | 85.49 | 341.49 | 149.55 | 367.55 | 281 | 83.54 | 99.28 | 97.7 | 122.76 | 106.75 | 149.32 | 151.5 | 97 | 101.46 | 63.03 | 57.62 |
| Other Current Assets | 954K | 1.13M | 325K | 658K | 985K | 1.14M | 2.48M | 5M | 5M | 7.51M | 3.5M | 2.63M | 2.9M | 2.85M | 840K | 0 | 505K | 1.77M | 1.77M | 1.77M |
| Total Non-Current Assets | 9.29M | 10.7M | 8.53M | 9.79M | 8.85M | 9.29M | 8.6M | 5.01M | 4.99M | 5.34M | 5.45M | 4.15M | 3.95M | 4.14M | 2.99M | 3.04M | 2.82M | 2.79M | 8.45M | 7.08M |
| Property, Plant & Equipment | 6.47M | 6.88M | 6.39M | 6.2M | 6.86M | 7.25M | 8.53M | 4.93M | 4.91M | 5.06M | 5.17M | 4.02M | 3.8M | 3.98M | 2.91M | 2.96M | 2.77M | 2.75M | 2.76M | 1.5M |
| Fixed Asset Turnover | 0.64x | 0.85x | 1.09x | 1.28x | 0.95x | 0.67x | 1.62x | 0.69x | 0.66x | 1.64x | 2.49x | 3.14x | 2.46x | 2.44x | 2.13x | 1.70x | 2.18x | 1.27x | 2.67x | 3.55x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2.51M | 2.99M | 821K | 2.24M | 1.94M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.67M | 5.56M |
| Other Non-Current Assets | 304K | 44K | 1.32M | 1.35M | 44K | 40K | 75K | 75K | 81K | 277K | 277K | 138K | 150K | 70K | 84K | 80K | 49K | 39K | 22K | 15K |
| Total Assets | 33.02M | 36.24M | 37.58M | 39.12M | 47.48M | 65.95M | 40.06M | 38.02M | 39.31M | 33.02M | 35.76M | 30.7M | 35.86M | 37.17M | 29.45M | 34.12M | 34.98M | 27.93M | 21.05M | 22.08M |
| Asset Turnover | 0.12x | 0.15x | 0.18x | 0.19x | 0.12x | 0.10x | 0.28x | 0.09x | 0.09x | 0.24x | 0.34x | 0.37x | 0.26x | 0.25x | 0.20x | 0.14x | 0.19x | 0.14x | 0.26x | 0.25x |
| Asset Growth % | -30.45% | -45.05% | -6.19% | 2.87% | 20.79% | 99.72% | 12.02% | 23.88% | 9.62% | -11.17% | 21.45% | -10.03% | 2.5% | 33.11% | 39.87% | 54.52% | 56.97% | 31.19% | -12.98% | 0.53% |
| Total Current Liabilities | 5.08M | 4.88M | 6.28M | 5.41M | 12.47M | 29.98M | 22.35M | 21.88M | 20.81M | 18.26M | 16.61M | 12.18M | 17.61M | 18.96M | 12.3M | 15.7M | 14.72M | 6.58M | 6.94M | 8.46M |
| Accounts Payable | 2.61M | 2.25M | 3.31M | 3.25M | 3.38M | 3.05M | 9.63M | 5.52M | 5.63M | 5.4M | 4.96M | 5.54M | 4.89M | 5.62M | 3.43M | 4.19M | 5.09M | 2.09M | 4.67M | 4.86M |
| Days Payables Outstanding | 59.33 | 59.35 | 48.11 | 42.76 | 43.89 | 195.35 | 78.77 | 184.18 | 180.43 | 54.55 | 62.3 | 56.5 | 70.35 | 56.07 | 65.07 | 88.01 | 62.63 | 89.56 | 88.17 | 81.24 |
| Short-Term Debt | 365K | 346K | 270K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.04M | 791K | 871K | 923K | 1.15M | 991K | 10.41M | 0 | 0 | 4.93M | 0 | 4.46M | 10.1M | 10.66M | 6.62M | 9.29M | 7.32M | 2.42M | 2.26M | 2.55M |
| Other Current Liabilities | 1.06M | 1.1M | 810K | 0 | 0 | 0 | 0 | 13.94M | 12.92M | 6.92M | 9.48M | 345K | 268K | 1.41M | 0 | 0 | 0 | 0 | 0 | 1.05M |
| Current Ratio | 4.68x | 5.23x | 4.62x | 5.42x | 3.10x | 1.89x | 1.41x | 1.51x | 1.65x | 1.52x | 1.82x | 2.18x | 1.81x | 1.74x | 2.15x | 1.98x | 2.19x | 3.82x | 1.82x | 1.77x |
| Quick Ratio | 3.53x | 3.94x | 3.55x | 4.35x | 2.58x | 1.69x | 0.69x | 0.93x | 1.19x | 1.10x | 1.33x | 1.48x | 1.27x | 1.28x | 1.46x | 1.41x | 1.71x | 3.19x | 1.31x | 1.38x |
| Cash Conversion Cycle | 157.58 | 143.82 | 107.4 | 91.77 | 129.54 | 300.33 | 136.96 | 412.48 | 377.9 | 127.11 | 96.3 | 91.95 | 141.9 | 165.99 | 239.71 | 262.16 | 170.34 | 163.27 | 33.91 | 44.81 |
| Total Non-Current Liabilities | 1.12M | 2.04M | 600K | 668K | 488K | 544K | 3.03M | 361K | 441K | 542K | 649K | 833K | 1.06M | 1.28M | 1.3M | 1.44M | 1.43M | 1.79M | 1.94M | 1.07M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.56M | 0 |
| Capital Lease Obligations | 1.06M | 1.16M | 482K | 527K | 361K | 422K | 2.99M | 321K | 396K | 493K | 596K | 776K | 998K | 1.22M | 0 | 0 | 0 | 411K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 786K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 62K | 101K | 118K | 141K | 127K | 122K | 36K | 40K | 45K | 49K | 53K | 57K | 61K | 65K | 1.3M | 1.44M | 1.43M | 1.38M | 379K | 1.07M |
| Total Liabilities | 6.2M | 6.92M | 6.88M | 6.08M | 12.96M | 30.52M | 25.38M | 22.24M | 21.25M | 18.8M | 17.26M | 13.01M | 18.67M | 20.24M | 13.6M | 17.14M | 16.14M | 8.38M | 8.88M | 9.53M |
| Total Debt | 1.43M | 1.5M | 752K | 849K | 691K | 775K | 3.86M | 746K | 964K | 1.21M | 1.46M | 1.7M | 2.03M | 2.27M | 972K | 976K | 847K | 1.22M | 1.56M | 0 |
| Net Debt | -12.16M | -13.46M | -16.58M | -17.15M | -25.15M | -40.85M | 782K | -5.77M | -5.26M | -2.37M | -6.12M | -7.92M | -9.52M | -8.02M | -6.24M | -8.81M | -12.29M | -8.71M | -1.81M | -5.13M |
| Debt / Equity | 0.05x | 0.05x | 0.02x | 0.03x | 0.02x | 0.02x | 0.26x | 0.05x | 0.05x | 0.09x | 0.08x | 0.10x | 0.12x | 0.13x | 0.06x | 0.06x | 0.04x | 0.06x | 0.13x | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | 1.27x | 1.67x | 2.31x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | -5.34x | -7.78x | -10.85x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 26.82M | 29.32M | 30.7M | 33.04M | 34.51M | 35.43M | 14.68M | 15.79M | 18.06M | 14.22M | 18.5M | 17.68M | 17.18M | 16.93M | 15.84M | 16.98M | 18.84M | 19.55M | 12.17M | 12.55M |
| Equity Growth % | -22.29% | -17.25% | 109.12% | 109.27% | 91.11% | 149.18% | -20.64% | -10.72% | 5.09% | -16.03% | 16.77% | 4.15% | -8.78% | -13.4% | 30.15% | 35.32% | 32.26% | 41.08% | -16.65% | -5.39% |
| Book Value per Share | 2.42 | 2.62 | 2.74 | 2.98 | 3.08 | 3.23 | 1.34 | 1.45 | 1.79 | 1.43 | 1.80 | 1.78 | 1.76 | 1.73 | 1.62 | 1.75 | 1.95 | 2.21 | 1.39 | 1.44 |
| Total Shareholders' Equity | 26.82M | 29.32M | 30.7M | 33.04M | 34.51M | 35.43M | 14.68M | 15.79M | 18.06M | 14.22M | 18.5M | 17.68M | 17.18M | 16.93M | 15.84M | 16.98M | 18.84M | 19.55M | 12.17M | 12.55M |
| Common Stock | 11K | 11K | 11K | 11K | 11K | 11K | 11K | 11K | 11K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 9K | 9K |
| Retained Earnings | -8.51M | -6M | -4.61M | -2.26M | -929K | 0 | -24.07M | -22.95M | -20.66M | -19.63M | -15.12M | -16.15M | -15.83M | -15.95M | -16.9M | -15.62M | -13.1M | -12.31M | -10.91M | -10.48M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14K | 14K | 14K | 14K | 14K | 14K | 14K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |