Pioneer Power Solutions, Inc. (PPSI) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 4.27M | 5.63M | 6.89M | 8.37M | 6.74M | 5.26M | 10.91M | 3.4M | 3.31M | 8.41M | 11.45M | 12.28M | 9.55M | 8.4M | 6.25M | 4.86M | 6.04M | 3.5M | 5.68M | 5.63M |
| Revenue Growth % | -36.71% | 7.06% | -36.87% | 146.54% | 103.32% | -37.5% | -4.73% | -72.36% | -65.31% | 0.13% | 83.22% | 152.56% | 58.3% | 140.19% | 9.96% | -13.55% | 72.36% | -34.64% | 40.34% | 10.58% |
| Cost of Goods Sold | 3.68M | 4.3M | 6.27M | 7.06M | 6.59M | 2.99M | 8.85M | 2.75M | 2.78M | 8.73M | 7.75M | 8.4M | 6.72M | 7.42M | 5.39M | 4.8M | 5.16M | 3.47M | 4.97M | 5.13M |
| COGS % of Revenue | 86.36% | 76.48% | 91.06% | 84.3% | 97.8% | 56.79% | 81.06% | 81.12% | 83.86% | 103.8% | 67.71% | 68.43% | 70.35% | 88.35% | 86.23% | 98.7% | 85.5% | 99.29% | 87.46% | 91.2% |
| Gross Profit | 582K | 1.32M | 616K | 1.31M | 148K | 2.27M | 2.07M | 641K | 535K | -320K | 3.7M | 3.88M | 2.83M | 979K | 861K | 63K | 875K | 25K | 713K | 495K |
| Gross Margin % | 13.64% | 23.52% | 8.94% | 15.7% | 2.2% | 43.21% | 18.93% | 18.88% | 16.14% | -3.8% | 32.29% | 31.57% | 29.65% | 11.65% | 13.77% | 1.3% | 14.5% | 0.71% | 12.54% | 8.8% |
| Gross Profit Growth % | 293.24% | -41.73% | -70.18% | 104.99% | -72.34% | 810% | -44.13% | -83.47% | -81.12% | -132.69% | 329.5% | 6055.56% | 223.77% | 3816% | 20.76% | -87.27% | 450.31% | -90.49% | -3.52% | 266.67% |
| Operating Expenses | 2.6M | 2.42M | 2.06M | 3.02M | 2.49M | 6.42M | 3.16M | 2.38M | 2.26M | 2.96M | 2.76M | 3.09M | 2.16M | 2M | 2.31M | 2.58M | 1.75M | 1.52M | 1.23M | 1.24M |
| OpEx % of Revenue | 60.99% | 42.94% | 29.95% | 36.11% | 37% | 122.16% | 28.99% | 69.99% | 68.21% | 35.24% | 24.08% | 25.15% | 22.59% | 23.8% | 36.87% | 53.16% | 28.93% | 43.37% | 21.65% | 22.04% |
| Selling, General & Admin | 2.45M | 2.27M | 1.95M | 2.47M | 0 | 0 | 2.91M | 0 | 0 | 2.08M | 0 | 0 | 0 | 0 | 0 | 2.56M | 1.72M | 0 | 0 | 0 |
| SG&A % of Revenue | 57.34% | 40.29% | 28.34% | 29.46% | - | - | 26.64% | - | - | 24.72% | - | - | - | - | - | 52.58% | 28.48% | - | - | - |
| Research & Development | 156K | 149K | 111K | 534K | 80K | 345K | 256K | 238K | 211K | 885K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 3.66% | 2.65% | 1.61% | 6.38% | 1.19% | 6.56% | 2.35% | 7.01% | 6.37% | 10.52% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 22K | 1000K | 1000K | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 28K | 27K | 1000K | 1000K | 1000K |
| Operating Income | -2.02M | -1.09M | -1.45M | -1.71M | -2.35M | -4.15M | -1.1M | -1.74M | -1.73M | -3.29M | 940K | 789K | 675K | -1.02M | -1.44M | -2.52M | -871K | -1.49M | -518K | -745K |
| Operating Margin % | -47.35% | -19.42% | -21.01% | -20.41% | -34.81% | -78.95% | -10.05% | -51.1% | -52.07% | -39.05% | 8.21% | 6.42% | 7.06% | -12.15% | -23.1% | -51.86% | -14.43% | -42.65% | -9.11% | -13.24% |
| Operating Income Growth % | 13.9% | 73.67% | -31.91% | 1.56% | -35.92% | -26.36% | -216.7% | -319.9% | -355.7% | -221.74% | 165.1% | 131.28% | 177.5% | 31.57% | -178.76% | -238.52% | 21.25% | -65.59% | -14.86% | 37.08% |
| EBITDA | -1.72M | -774K | -1.12M | -1.35M | -2.06M | -3.87M | -692K | -1.54M | -1.57M | -3.03M | 1.15M | 1.02M | 878K | -845K | -1.35M | -2.37M | -784K | -1.38M | -419K | -659K |
| EBITDA Margin % | -40.37% | -13.75% | -16.32% | -16.11% | -30.64% | -73.6% | -6.34% | -45.36% | -47.42% | -35.98% | 10.01% | 8.29% | 9.19% | -10.06% | -21.61% | -48.76% | -12.99% | -39.54% | -7.37% | -11.72% |
| EBITDA Growth % | 16.61% | 80% | -62.43% | 12.47% | -31.36% | -27.85% | -160.33% | -251.28% | -279.04% | -258.22% | 184.9% | 142.94% | 211.99% | 38.9% | -222.43% | -259.79% | 18.5% | -130.12% | -4.23% | 41.53% |
| D&A (Non-Cash Add-back) | 298K | 319K | 323K | 360K | 281K | 281K | 405K | 195K | 154K | 258K | 207K | 229K | 203K | 176K | 93K | 151K | 87K | 109K | 99K | 86K |
| EBIT | -2.02M | -1.09M | -1.7M | -1.71M | -2.35M | -690K | -1.1M | -1.74M | -1.73M | -3.29M | 940K | 789K | 675K | -1.02M | -1.44M | -2.52M | -823K | -1.49M | -518K | -745K |
| Net Interest Income | 156K | 125K | 184K | 183K | 247K | 406K | -23K | 17K | 31K | 40K | 60K | 79K | 54K | 143K | 116K | 104K | 101K | 99K | 99K | 95K |
| Interest Income | 156K | 125K | 184K | 183K | 247K | 406K | -23K | 17K | 31K | 40K | 60K | 79K | 54K | 143K | 116K | 104K | 101K | 99K | 99K | 95K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -488K | -275K | -254K | 480K | 270K | 5.29M | -24K | 20K | 71K | 560K | 71K | 59K | 67K | 188K | 133K | -13K | 90K | 97K | 86K | 59K |
| Pretax Income | -2.51M | -1.37M | -1.7M | -1.23M | -2.08M | 1.14M | -1.12M | -1.72M | -1.66M | -2.73M | 1.01M | 848K | 742K | -833K | -1.31M | -2.54M | -781K | -1.4M | -432K | -686K |
| Pretax Margin % | -58.79% | -24.32% | -24.7% | -14.67% | -30.8% | 21.72% | -10.27% | -50.52% | -49.92% | -32.39% | 8.83% | 6.9% | 7.77% | -9.91% | -20.97% | -52.13% | -12.94% | -39.88% | -7.6% | -12.2% |
| Income Tax | 0 | 5K | 69K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7K | 3K | 2K | 0 |
| Effective Tax Rate % | 0% | -0.37% | -4.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0.9% | -0.22% | -0.46% | 0% |
| Net Income | -2.51M | -1.37M | -1.77M | -1.33M | -929K | 36.29M | -1.12M | -2.28M | -1.03M | -2.73M | 1.01M | 848K | 742K | -833K | -1.31M | -2.54M | -788K | -1.4M | -434K | -686K |
| Net Margin % | -58.79% | -24.41% | -25.7% | -15.87% | -13.78% | 690.26% | -10.27% | -67.25% | -31.22% | -32.39% | 8.83% | 6.9% | 7.77% | -9.91% | -20.97% | -52.13% | -13.05% | -39.97% | -7.63% | -12.2% |
| Net Income Growth % | -169.97% | -103.79% | -57.89% | 41.83% | 10.24% | 1431.89% | -210.88% | -369.22% | -239.49% | -227.13% | 177.12% | 133.45% | 194.16% | 40.41% | -202.07% | -269.53% | -324.5% | -87.9% | -132.41% | -3.94% |
| Net Income (Continuing) | -2.51M | -1.37M | -1.77M | -1.23M | -2.08M | 1.14M | -1.12M | -1.72M | -1.66M | -2.73M | 1.01M | 848K | 742K | -833K | -1.31M | -2.54M | -788K | -1.4M | -434K | -686K |
| Discontinued Operations | 0 | 0 | 0 | -100K | 1000K | 1000K | 0 | -568K | 620K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.23 | -0.12 | -0.16 | -0.12 | -0.19 | 3.31 | -0.10 | -0.21 | -0.10 | -0.27 | 0.10 | -0.03 | 0.08 | 0.10 | -0.13 | -0.25 | -0.08 | -0.16 | -0.05 | -0.08 |
| EPS Growth % | -21.05% | -103.63% | -60% | 42.86% | -90% | 1325.93% | -200.1% | -552.17% | -231.58% | -378.93% | 176.85% | 87.12% | 193.02% | 160.5% | -161.57% | -218.07% | -304.25% | -87.57% | -133.13% | -3.97% |
| EPS (Basic) | -0.23 | -0.12 | -0.16 | -0.12 | -0.19 | 3.38 | -0.10 | -0.21 | -0.10 | -0.27 | 0.10 | -0.03 | 0.07 | 0.10 | -0.13 | -0.25 | -0.08 | -0.16 | -0.05 | -0.08 |
| Diluted Shares Outstanding | 11.1M | 11.19M | 11.19M | 11.1M | 11.19M | 10.95M | 10.92M | 10.92M | 10.11M | 9.93M | 10.25M | 9.91M | 9.77M | 9.79M | 9.77M | 9.73M | 9.64M | 8.86M | 8.73M | 8.73M |
| Basic Shares Outstanding | 11.1M | 11.1M | 11.11M | 11.1M | 11.12M | 10.75M | 10.92M | 10.92M | 10.11M | 9.93M | 10.01M | 9.91M | 10.6M | 9.77M | 9.77M | 9.73M | 9.64M | 8.86M | 8.68M | 8.57M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |