PIONEER POWER SOLUTIONS, INC.
For the period ended Dec 31, 2025. Filed Apr 8, 2026.
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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$2.22-1.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| For the Year Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Operating activities | ||
| Net (loss) income | $(5,999) | $31,855 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation | 1,027 | 716 |
| Amortization of right-of-use financing leases | 137 | 129 |
| Non cash lease expense | 228 | 224 |
| Change in allowance for credit losses | 120 | 35 |
| Stock-based compensation | 35 | 1,055 |
| Gain on sale of PCEP business | - | (35,044) |
| Loss attributable to equity method investee | 601 | - |
| Write-off of costs related to contract settlement | 238 | - |
| Loss on disposal of property and equipment | 112 | 177 |
| Selling profit on sales-type leases | (1,335) | - |
| Gain on change in consideration due to buyer | (1,147) | - |
| Changes in current operating assets and liabilities: | ||
| Accounts receivable, net | 4,791 | (10,360) |
| Inventories | 193 | (14,536) |
| Prepaid expenses and other assets | 603 | 4,558 |
| Assets held for sale | - | 14,320 |
| Liabilities held for sale | - | (9,468) |
| Accounts payable, accrued liabilities and other liabilities | (894) | 11,609 |
| Income taxes | (4,079) | (1,418) |
| Deferred revenue | (200) | 684 |
| Operating lease liabilities | (249) | (748) |
| Net cash used in operating activities | (5,818) | (6,212) |
| Investing activities | ||
| Purchase of property and equipment | (2,677) | (3,759) |
| Proceeds from sale of PCEP business, net of transaction costs | - | 42,635 |
| Payment of consideration payable | (2,200) | - |
| Dividend received from equity method investee | 981 | - |
| Net cash (used in)/ provided by investing activities | (3,896) | 38,876 |
| Financing activities | ||
| Net proceeds from the exercise of options for common stock | - | 519 |
| Net proceeds from issuance of common stock | - | 4,986 |
| Payment of cash dividend | (16,665) | - |
| Principal repayments of financing leases | (136) | (129) |
| Payments for tax withholding related to vesting of restricted stock units | (148) | - |
| Net cash (used in)/ provided by financing activities | (16,949) | 5,376 |
| (Decrease) increase in cash | (26,663) | 38,040 |
| Cash | ||
| Cash, beginning of year | 41,622 | 3,582 |
| Cash, end of year | $14,959 | $41,622 |
| Supplemental cash flow information: | ||
| Interest paid | $8 | $35 |
| Income taxes paid, net of refunds | 4,922 | 7 |
| Non-cash investing and financing activities: | ||
| Surrender and retirement of common stock | - | 344 |
| Transfer from property and equipment to inventory | (440) | - |
| Sales-type lease origination | 2,867 | - |
| Derecognition of assets in exchange for net investment in sales-type lease | (1,532) | - |
| Property and equipment obtained in exchange for accounts payable and accrued liabilities | (96) | 272 |
| Finance lease ROU assets obtained in exchange for finance lease liabilities | 248 | - |
| Operating lease ROU assets obtained in exchange for operating lease liabilities | 842 | 330 |
| Cash dividend declared | - | 16,665 |
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