# Pioneer Power Solutions, Inc.: overview

PPSI · Nasdaq · CIK 1449792 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ppsi.md) · [Financials](/companies/ppsi/financials.md) · [Filings](/companies/ppsi/filings.md) · [Insiders](/companies/ppsi/insiders.md)

Latest reported revenue: [$5.0m](/filings/0001493152-26-038515.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001493152-26-038515).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [6,416](/filings/0001493152-25-023644.md) | [9,753 d](/filings/0001493152-26-015715.md) | [6,740](/filings/0001493152-26-023939.md) | [8,370](/filings/0001493152-26-038515.md) | [6,888](/filings/0001493152-25-023644.md) | [5,629 d](/filings/0001493152-26-015715.md) | [4,266](/filings/0001493152-26-023939.md) | [5,019](/filings/0001493152-26-038515.md) |
| Gross margin | % | [23.7%](/filings/0001493152-25-023644.md) | [28.9% d](/filings/0001493152-26-015715.md) | [2.2%](/filings/0001493152-26-023939.md) | [15.7%](/filings/0001493152-26-038515.md) | [9.3%](/filings/0001493152-25-023644.md) | [23.5% d](/filings/0001493152-26-015715.md) | [13.6%](/filings/0001493152-26-023939.md) | [19.6%](/filings/0001493152-26-038515.md) |
| Operating margin | % | [(11.1%)](/filings/0001493152-25-023644.md) | [(11.0%) d](/filings/0001493152-26-015715.md) | [(34.8%)](/filings/0001493152-26-023939.md) | [(20.4%)](/filings/0001493152-26-038515.md) | [(21.0%)](/filings/0001493152-25-023644.md) | [(19.4%) d](/filings/0001493152-26-015715.md) | [(47.4%)](/filings/0001493152-26-023939.md) | [(39.9%)](/filings/0001493152-26-038515.md) |
| Net margin | % | [(17.5%)](/filings/0001493152-25-023644.md) | [372.1% d](/filings/0001493152-26-015715.md) | [(13.8%)](/filings/0001493152-26-023939.md) | [(15.9%)](/filings/0001493152-26-038515.md) | [(34.1%)](/filings/0001493152-25-023644.md) | [(24.7%) d](/filings/0001493152-26-015715.md) | [(58.8%)](/filings/0001493152-26-023939.md) | [(41.0%)](/filings/0001493152-26-038515.md) |
| Diluted EPS | $ per share | [(0.10)](/filings/0001493152-25-023644.md) | not reported | [(0.09)](/filings/0001493152-26-023939.md) | [(0.12)](/filings/0001493152-26-038515.md) | [(0.21)](/filings/0001493152-25-023644.md) | not reported | [(0.23)](/filings/0001493152-26-023939.md) | [(0.19)](/filings/0001493152-26-038515.md) |
| Free cash flow | $k | [(3,402) d](/filings/0001493152-25-023644.md) | [(4,576) d](/filings/0001493152-26-015715.md) | [907](/filings/0001493152-26-023939.md) | [(5,610) d](/filings/0001493152-26-038515.md) | [(1,609) d](/filings/0001493152-25-023644.md) | [(2,183) d](/filings/0001493152-26-015715.md) | [(1,120)](/filings/0001493152-26-023939.md) | [(2,815) d](/filings/0001493152-26-038515.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [18.3](/filings/0001493152-23-011850.md) | [25.9](/filings/0001493152-24-029269.md) | [11.1](/filings/0001641172-25-004681.md) | [22.9](/filings/0001493152-26-015715.md) | [27.6](/filings/0001493152-26-015715.md) |
| Gross margin | % | [7.6%](/filings/0001493152-23-011850.md) | [10.9%](/filings/0001493152-24-029269.md) | [20.0%](/filings/0001641172-25-004681.md) | [24.1%](/filings/0001493152-26-015715.md) | [12.4%](/filings/0001493152-26-015715.md) |
| Operating margin | % | [(21.1%)](/filings/0001493152-23-011850.md) | [(22.5%)](/filings/0001493152-24-029269.md) | [(63.3%)](/filings/0001641172-25-004681.md) | [(22.9%)](/filings/0001493152-26-015715.md) | [(23.9%)](/filings/0001493152-26-015715.md) |
| Net margin | % | [(11.8%)](/filings/0001493152-23-011850.md) | [(20.9%)](/filings/0001493152-24-029269.md) | [(17.1%)](/filings/0001641172-25-004681.md) | [139.2%](/filings/0001493152-26-015715.md) | [(21.7%)](/filings/0001493152-26-015715.md) |
| Diluted EPS | $ per share | [(0.24)](/filings/0001493152-23-011850.md) | [(0.56)](/filings/0001493152-24-029269.md) | [(0.20)](/filings/0001641172-25-004681.md) | [2.90](/filings/0001493152-26-015715.md) | [(0.54)](/filings/0001493152-26-015715.md) |
| Free cash flow | $m | [(3.4)](/filings/0001493152-23-011850.md) | [(7.3)](/filings/0001493152-24-029269.md) | [(6.4)](/filings/0001641172-25-004681.md) | [(10.0)](/filings/0001493152-26-015715.md) | [(8.5)](/filings/0001493152-26-015715.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ppsi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [PEAK6 LLC](/funds/1389958.md) | 2026-06-30 | $788.0k | 200,000 | Call | New +200,000 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $771.4k | 195,788 |  | Reduced −349 |
| [Spectrum Investment Advisors, Inc.](/funds/1856042.md) | 2026-06-30 | $541.8k | 137,500 |  | Unchanged |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $498.4k | 126,488 |  | Added +62,288 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $459.6k | 116,631 |  | Added +1,250 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $450.7k | 114,403 |  | New +114,403 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $316.7k | 80,369 |  | Added +24,778 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $315.6k | 80,092 |  | Added +2,869 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $278.9k | 70,794 |  | New +70,794 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $236.3k | 59,974 |  | Added +31,300 |

## Recent filings

[All 499 filings](/companies/ppsi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-22 | 06:05 ET | [DEF 14A](/filings/0001493152-26-043622.md) | Proxy statement, period 2026-09-22 | 0001493152-26-043622 |
| 2026-08-17 | 09:05 ET | [8-K](/filings/0001493152-26-038658.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001493152-26-038658 |
| 2026-08-14 | 17:20 ET | [10-Q](/filings/0001493152-26-038515.md) | Quarterly report, period 2026-06-30 | 0001493152-26-038515 |
| 2026-05-18 | 07:50 ET | [8-K](/filings/0001493152-26-024067.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-024067 |
| 2026-05-18 | 07:35 ET | [8-K](/filings/0001493152-26-024063.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001493152-26-024063 |
| 2026-05-15 | 17:15 ET | [10-Q](/filings/0001493152-26-023939.md) | Quarterly report, period 2026-03-31 | 0001493152-26-023939 |
| 2026-04-08 | 16:35 ET | [8-K](/filings/0001493152-26-015719.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001493152-26-015719 |
| 2026-04-08 | 16:30 ET | [10-K](/filings/0001493152-26-015715.md) | Annual report, period 2025-12-31 | 0001493152-26-015715 |
| 2026-02-24 | 09:10 ET | [8-K](/filings/0001493152-26-007832.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-007832 |
| 2025-11-14 | 17:21 ET | [10-Q](/filings/0001493152-25-023644.md) | Quarterly report, period 2025-09-30 | 0001493152-25-023644 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001493152-26-015715.md), filed Apr 8, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/a5a13d60-6b04-4b71-aa11-4dd4587d882e)

## About the filer

- CIK: 1449792
- Tickers: PPSI
- Exchange: Nasdaq
- SIC code: 3690 Miscellaneous Electrical Machinery, Equipment & Supplies
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:40 ET. No prices; not investment advice.
