PIONEER POWER SOLUTIONS, INC.

For the period ended Dec 31, 2025. Filed Apr 8, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 8, 2026

PPSI$2.26-0.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except for share and per share amounts)

	For the Year Ended
	December 31,
	2025	2024
Revenues	$27,627	$22,879
Cost of goods sold	24,201	17,365
Gross profit	3,426	5,514
Operating expenses
Selling, general and administrative	9,146	9,712
Research and development	875	1,050
Total operating expenses	10,021	10,762
Operating loss from continuing operations	(6,595)	(5,248)
Interest income, net	739	431
Other (expense) income, net	(518)	50
Loss before income taxes	(6,374)	(4,767)
Income tax expense (benefit)	74	(1,418)
Net loss from continuing operations	(6,448)	(3,349)
Income from discontinued operations, net of income taxes	449	35,204
Net (loss) income	$(5,999)	$31,855
Basic (loss) earnings per share:
Loss from continuing operations	$(0.58)	$(0.31)
Earnings from discontinued operations	0.04	3.28
Basic (loss) earnings per share	$(0.54)	$2.97
Diluted (loss) earnings per share:
Loss from continuing operations	$(0.58)	$(0.31)
Earnings from discontinued operations	0.04	3.21
Diluted (loss) income per share	$(0.54)	$2.90
Weighted average common shares outstanding:
Basic	11,103,623	10,745,217
Diluted	11,187,868	10,953,861

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.