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PPSI

Pioneer Power Solutions, Inc.

PPSI

Pioneer Power Solutions, Inc. • NASDAQ
$3.81 ▲ 3.53% (+0.13)
Market Cap $42.27 M
52w High $6.37
52w Low $2.25
Dividend Yield 1.50%
P/E -10.03
Volume 23.34K
Outstanding Shares 11.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.888M ▼ $2.063M ▼ $-1.77M ▼ -25.697% ▼ $-0.11 ▲ $-1.378M ▼
Q2-2025 $8.37M ▲ $3.022M ▲ $-1.328M ▼ -15.866% ▼ $-0.12 ▲ $-1.348M ▲
Q1-2025 $6.74M ▲ $2.494M ▼ $-929K ▼ -13.783% ▼ $-0.19 ▼ $-2.065M ▼
Q4-2024 $5.258M ▼ $6.423M ▲ $36.294M ▲ 690.262% ▲ $3.38 ▲ $-409K ▲
Q3-2024 $10.911M $3.163M $-1.121M -10.274% $-0.1 $-693K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.336M ▼ $37.58M ▼ $6.881M ▲ $30.699M ▼
Q2-2025 $17.999M ▼ $39.115M ▼ $6.076M ▼ $33.039M ▼
Q1-2025 $25.84M ▼ $47.476M ▼ $12.963M ▼ $34.513M ▼
Q4-2024 $41.622M ▲ $65.951M ▲ $30.522M ▲ $35.429M ▲
Q3-2024 $3.08M $40.058M $25.378M $14.68M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.77M ▼ $164K ▲ $-792K ▲ $-35K ▼ $-663K ▲ $-628K ▲
Q2-2025 $-1.328M ▼ $-5.465M ▼ $-2.345M ▼ $-31K ▲ $-7.841M ▲ $-5.61M ▼
Q1-2025 $-929K ▼ $1.502M ▲ $-595K ▼ $-16.689M ▼ $-15.782M ▼ $907K ▲
Q4-2024 $36.294M ▲ $-2.094M ▲ $40.153M ▲ $483K ▲ $38.542M ▲ $-4.576M ▼
Q3-2024 $-1.121M $-2.739M $-663K $-30K $-3.432M $-3.402M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fixed Lease Revenue
Fixed Lease Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Total Revenue
Total Revenue
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement The business has grown from a very small base, with revenue generally trending upward over the past few years but still showing some lumpiness and a noticeable pullback most recently. Gross profit has improved versus earlier years, which suggests better pricing or cost control, but operating results slipped back into a small loss in the latest period. The sharp swing to a positive bottom line appears to be driven more by one‑off or non‑core items than by a strong, stable core business. Overall, the income statement shows a company that is still in transition from break‑even and small losses toward more durable profitability, but not there yet on an operating basis.

Balance Sheet

Balance Sheet The balance sheet looks relatively clean for a company of this size. Assets and shareholders’ equity have both stepped up meaningfully, and cash has increased, while there is essentially no debt showing. That combination points to a strengthened financial cushion and more flexibility to invest or withstand bumps in the road. However, because the business itself is still small, even a modest change in performance or working capital can have a big impact on this position, so the improved balance sheet should be viewed as a helpful buffer rather than a guarantee of stability.

Cash Flow

Cash Flow Cash generation remains a weak spot. Operating cash flow has been slightly negative in several recent years, and free cash flow has been consistently in the red, even if the absolute amounts are not large. The company is not burning cash aggressively on capital expenditures, so the shortfall appears to be tied more to the underlying economics and working capital needs of a growing niche business. This means the company is still reliant on its cash reserves and external capital to support operations and growth, and sustained, healthy cash flow has yet to be demonstrated.

Competitive Edge

Competitive Edge Pioneer sits in a very specific corner of the energy and EV ecosystem: fast, flexible, and often mobile power solutions where the grid is constrained or delayed. This focus gives it a differentiated role compared with much larger, more standardized charging and equipment players. Its strengths lie in speed of deployment, custom engineering, and the ability to serve customers who cannot wait for traditional infrastructure. On the other hand, it is a small player facing large, well‑funded competitors in adjacent segments, and its success depends on staying ahead in a niche that could attract more attention as it proves out.

Innovation and R&D

Innovation and R&D The company’s strategy leans heavily on innovation rather than scale. Products like E‑Bloc (modular, plug‑and‑play power blocks), e‑Boost (mobile fast charging), and the planned HOMe‑Boost platform (home backup plus EV charging) are designed to solve very specific, real‑world bottlenecks in electrification and grid reliability. Partnerships that pair its hardware with mobile storage and charging‑as‑a‑service models further enhance its offering. The opportunity is significant if these solutions gain traction, but execution risk is high: Pioneer must commercialize new products, manage complexity, and keep pace with rapid technological and regulatory change with comparatively limited resources.

Summary

Pioneer Power Solutions is an early‑stage, niche industrial player tying its future to EV charging and distributed power reliability, especially in places where the grid falls short. Financially, it has improved its balance sheet and reported a recent headline profit, but underlying operating performance and cash flow remain fragile and unproven. Competitively, it benefits from specialization, speed, and customization in a space that is growing quickly yet still underserved, but it operates next to much larger incumbents. The company’s value proposition rests on turning its innovative platforms—E‑Bloc, e‑Boost, and HOMe‑Boost—into repeatable, scalable businesses while maintaining financial discipline and navigating a fast‑moving market.

NEWS

November 13, 2025 · 4:05 PM UTC

Pioneer Power Reports Third Quarter 2025 Revenue of $6.9 Million, Up 7%

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November 5, 2025 · 9:45 AM UTC

Pioneer Power to Host 2025 Third Quarter Financial Results Conference Call on Thursday, November 13, 2025 at 4:30 p.m. ET

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October 28, 2025 · 9:05 AM UTC

Pioneer Power Secures Significant Distributed Power Order in Mission-Critical Resiliency Market

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September 25, 2025 · 9:05 AM UTC

Pioneer Power Receives e-Boost Order from the City of Long Beach, California

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September 9, 2025 · 9:05 AM UTC

Pioneer Power Expands Mobile Power and Charging Footprint

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