Saturday 17 October 2026 Export PPSI’s income statement to Excel — free account

Pioneer Power Solutions, Inc.

PPSI Industrials Electrical Equipment & Parts

In the quarter to June 2026, revenue fell 40.0%, EPS fell 58.3%, free cash flow grew 50.6% and total debt fell 44.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.71 0.08 −2.87%

Follow PPSI

Alert me

Market cap: $31.0M
P/E: 0.0×
Fwd P/E: −9.0×
Dividend yield: 0.00%
F-score: 3/9
Altman Z: 5.76
Beneish M: −1.46
Dividend safety: 20/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 22.49%

Capital & Financial Ratios $m

Market Cap 30.97

Revenue 21.80

Net Income (8.31)

Free Cash Flow (7.68)

Net Debt (10.51)

Current Ratio 4.11

Debt/Equity 0.01

P/E ratio 0.00

Fwd P/E (9.03)

P/S ratio 1.38

P/B ratio 1.21

Past 5Y EPS Growth —

This Y EPS Growth (3.45%)

Next Y EPS Growth 71.67%

Next Y revenue growth (12.98%)

Next 5Y EPS Growth 44.22%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 52.25%

10-year low 10-year high

P/B against its own 10 years 14.26%

10-year low 10-year high

EV/Sales against its own 10 years 44.93%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2021	0.00	0.12
2020	Powerpack
2019	1.37	1.37
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4	42	15	11
Receivables	1	8	3	4
Inventory	3	6	6	7
Other	14	—	—	—
	28	57	26	23

	2023	2024	2025	Q'26
Payables	8	5	4	4
ST’ Debt	—	—	—	—
Other	9	3	—	—
	18	30	5	6

Compound Annual Growth %

	10y	5y	3y
Sales	(12.62%)	7.23%	2.20%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.68%	16.17%	24.61%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4	5	—	—	—
’25	7	8	7	6	28
’24	3	3	6	10	23
’23	10	12	11	—	11
’22	6	5	6	8	26
’21	4	6	6	3	18
’20	5	5	4	5	19

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(3)	—	—	—
’25	2	(5)	(1)	(1)	(6)
’24	(2)	1	(3)	(2)	(6)
’23	2	(1)	(1)	(4)	(4)
’22	2	(4)	(2)	(2)	(6)
’21	(1)	1	(1)	(2)	(3)
’20	(1)	0	0	(2)	(4)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(3)	—	—	—
’25	1	(6)	(2)	(2)	(8)
’24	(2)	0	(3)	(5)	(10)
’23	1	(2)	(2)	(4)	(6)
’22	2	(4)	(3)	(3)	(7)
’21	(1)	0	(1)	(2)	(3)
’20	(1)	0	0	(2)	(4)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.23)	(0.19)	—	—	—
’25	(0.09)	(0.12)	(0.21)	(0.12)	(0.54)
’24	(0.10)	(0.21)	(0.10)	3.32	2.90
’23	0.08	0.08	0.10	(0.44)	(0.19)
’22	(0.08)	(0.26)	(0.13)	(0.09)	(0.56)
’21	0.04	(0.08)	(0.05)	(0.16)	(0.24)
’20	(0.33)	(0.08)	0.15	(0.09)	(0.34)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.78	5.60	4.40	2.12	0.90	3.09	2.33	2.52	3.35	2.25	Analyst estimates 2026–2028 Powerpack
	High	6.38	9.40	7.95	6.76	9.43	14.43	8.95	9.84	7.00	5.70
People
People	Employees	415	404	365	95	94	91	99	143	60	58
	Revenue/emp, $m	0.24	0.28	0.06	0.22	0.21	0.20	0.26	0.08	0.38	0.48
Income, $m
Income, $m	Revenue	100	114	20	21	19	18	26	11	23	28
	Gross margin, %	22.23	15.51	9.41	5.66	4.52	7.61	10.92	20.02	24.10	12.40
	EBT	2	(6)	(10)	(11)	(3)	(2)	(5)	(6)	(5)	(6)
	EBT margin, %	2.39	(5.41)	(50.21)	(52.27)	(15.30)	(11.92)	(20.91)	(56.49)	(20.84)	(23.07)
	Net income	(1)	(9)	(6)	(1)	(3)	(2)	(5)	(2)	32	(6)
	Depreciation	3	5	3	4	0	1	1	1	1	1
Per share, $
Per share, $	Revenue	11.45	13.12	2.31	2.36	2.23	2.07	2.66	1.12	2.13	2.49
	Earnings	(0.07)	(1.07)	(0.65)	(0.17)	(0.34)	(0.24)	(0.56)	(0.19)	2.97	(0.54)
	Cash flow	(1.09)	0.20	0.25	(0.64)	(0.41)	(0.36)	(0.59)	(0.39)	(0.58)	(0.52)
	Capex	(0.07)	(0.16)	0.02	(0.02)	0.00	(0.03)	(0.16)	(0.25)	(0.35)	(0.24)
	Free cash flow	(1.16)	0.03	0.27	(0.66)	(0.41)	(0.39)	(0.75)	(0.65)	(0.93)	(0.76)
	Book value	3.01	2.01	1.37	1.93	1.59	2.21	1.56	1.44	3.30	2.64
	Shares, m	9	9	9	9	9	9	10	10	11	11
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.39	0.00
	P/S	0.52	0.58	2.28	0.96	1.73	3.63	1.00	5.62	1.94	1.90
	P/B	1.99	3.75	3.83	1.18	2.44	3.40	1.71	4.40	1.25	1.79
	EV/Sales	0.79	0.82	3.49	0.63	1.42	3.02	0.66	5.35	0.14	1.38
	EV/FCF	(7.84)	344.76	30.16	(2.26)	(7.33)	(16.11)	(2.35)	(9.31)	(0.32)	(4.48)
Cash, $m
Cash, $m	Operating cash flow	(9)	2	2	(6)	(4)	(3)	(6)	(4)	(6)	(6)
	Capex	(1)	(1)	0	0	—	0	(2)	(2)	(4)	(3)
	Free cash flow	(10)	0	2	(6)	(4)	(3)	(7)	(6)	(10)	(8)
Balance, $m
Balance, $m	Working capital	2	(2)	(5)	11	8	19	12	9	27	21
	Total debt	27	28	25	0	1	1	0	0	0	0
	Net debt	27	28	24	(9)	(6)	(11)	(10)	(3)	(42)	(15)
	Shareholders’ equity	26	18	12	17	14	20	15	14	35	29
Returns, %
Returns, %	ROA	(1.47)	(12.17)	(7.72)	(2.04)	(12.00)	(8.81)	(17.12)	(5.55)	64.37	(11.83)
	ROIC	4.20	(4.55)	(15.72)	(91.06)	(34.75)	(28.51)	(68.85)	(40.29)	0.00	(28.28)
	ROE	(3.97)	(42.17)	(38.40)	(7.17)	(19.45)	(12.97)	(31.23)	(12.92)	128.33	(18.53)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CBAT China BAK Battery, Inc.	$101.1M	— (loss-making)	— (loss-making)	+99.26% (above 0%: growing)	n/m	+147.06% (above 0%: growing)	1.49%	(13.93%)	Compare
OESX Orion Energy Systems, Inc.	$95.1M	— (loss-making)	20.0×	+31.51% (above 0%: growing)	n/m	+336.14% (above 0%: growing)	34.62%	8.20%	Compare
RFIL RF Industries, Ltd.	$79.4M	31.2×	50.1×	+21.07% (above 0%: growing)	+225.00% (above 0%: growing)	+453.33% (above 0%: growing)	35.63%	7.34%	Compare
TGEN Tecogen Inc.	$67.9M	— (loss-making)	— (loss-making)	−21.23% (below 0%: shrinking)	n/m	+11.86% (above 0%: growing)	37.83%	(37.42%)	Compare
NVX NOVONIX Limited Sponsored ADR	$54.4M	— (loss-making)	— (loss-making)	+76.13% (above 0%: growing)	n/m	−1.34% (below 0%: shrinking)	(431.26%)	0.00%	Compare
STI Solidion Technology Inc.	$40.9M	— (loss-making)	—	+3,022.50% (above 0%: growing)	n/m	−278.65% (below 0%: shrinking)	100.00%	(1,094.72%)	Compare
PPSI Pioneer Power Solutions, Inc.	$31.0M	— (loss-making)	— (loss-making)	−40.04% (below 0%: shrinking)	n/m	+50.61% (above 0%: growing)	19.61%	(39.95%)
APWC Asia Pacific Wire & Cable Corporation Limited	$26.6M	4.5×	7.6×	+7.68% (above 0%: growing)	−66.67% (below 0%: shrinking)	−16.24% (below 0%: shrinking)	8.06%	2.49%	Compare
PITEF Heramba Electric PLC	$11.1M	— (loss-making)	—	—	n/m	−3.60% (below 0%: shrinking)	—	—	Compare
Median of peers	$61.2M	—	20.0×	+31.51%	—	+5.26%	34.62%	0.00%

All 52 Electrical Equipment & Parts stocks →

Pioneer Power Solutions, Inc. (PPSI) key facts

Pioneer Power Solutions, Inc. (PPSI) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, PPSI traded at $2.71, a market capitalization of $31.0 million.
Return on equity was −18.5% and debt-to-equity 0.01.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 5.76 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.