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Pioneer Power Solutions, Inc. (PPSI) stock

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NASDAQ: PPSI Nasdaq Electrical Components & Equipment Next results ~November 12, 2026

Pioneer Power Solutions, Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Pioneer Power Solutions, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds18 adding, 10 cuttingOf 5 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Pioneer Power Solutions files

Where Pioneer Power Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $21m, down 26.5% on a year earlier, a steeper fall than the 10.7% decline a quarter earlier. Free-cash-flow margin rose to -36.4% from -43.9% a year earlier. Operating margin narrowed to -30.9% from -20.2%. It passes 2 of our 2 financial-health checks.

Our model value for Pioneer Power Solutions is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Pioneer Power Solutions, Inc.'s trailing-twelve-month revenue fell 26.5% year on year, with a free-cash-flow margin of -36.4%.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -26.5% (-15.8pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 26.5% over the last 12 months.
  • Growth slowing. The growth rate is 15.8 points lower than a quarter earlier.
  • Loss-making. Operating margin is -30.9%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 10.7 points on a year ago.
  • Burning cash. Free cash flow was -36.4% of revenue over the last 12 months.

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
-$0.19 against an average estimate of -$0.13: missed by 46.2%
Revenue
$5m, down 27.5% on a year earlier
Share reaction
-3.4% in the first session after the results on August 17, 2026, against -1.1% for the S&P 500
Next report
November 12, 2026; average EPS estimate -$0.12

Pioneer Power Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.5%
  • 1 week-3.2%
  • 1 month-27.5%
  • This year-49.3%
  • 1 year-47.8%
  • 5 years-3.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$21.2M
Operating margin
-30.9%
Net margin
-39.1%
EPS (TTM, diluted)
$-0.74

Growth

Revenue growth
−26.5%
Change in growth rate
−15.8 pts
Share count change
−0.4%

Cash

Free cash flow (TTM)
-$7.7M
FCF margin
-36.4%
Stock pay % of revenue
0.1%

Earnings

Last results
August 17, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Pioneer Power Solutions, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Pioneer Power Solutions, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.46 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.4 ~$1.0–$2.0 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$1.2 ~$1.1–$1.4 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Pioneer Power Solutions, Inc. with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.06$3.10$3.96$2.73$1.67$2.85$5.66$2.02$5.12$4.13$4.73$2.40
Market value$16m$27m$35m$24m$15m$25m$50m$20m$52m$45m$53m$27m
+ Net debt (− = net cash)$6m$9m$10m$26m−$8m−$6m−$12m−$10m−$4m−$42m$0$0
Enterprise value$22m$36m$45m$50m$6m$19m$38m$9m$48m$4m$53m$27m
Multiples
Price / sales 0.1x0.3x0.3x1.2x0.7x1.3x2.7x0.8x4.7x2.0x1.9x1.3x
Price / earnings —————————1.4x——
Price / free cash flow ——138.2x15.2x————————
EV / EBITDA —7.6x——————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard Pioneer Power Solutions's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -16.5% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 18.3%, moving by 26.2 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -18.8%; its worst year was -444.8%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 9 years, at a median -8.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 28.2% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026. Analysts expect revenue of $7m and EPS of −$0.12 (range −$0.13 to −$0.10) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.60 −4% $24m −13%
Next −$0.17 +72% $33m +36%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +29.0% on 90 days ago. In the last 30 days, 0 analysts raised Pioneer Power Solutions, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Pioneer Power Solutions, Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.47 Current fiscal year, 60 days ago: −$0.47 Current fiscal year, 30 days ago: −$0.47 Current fiscal year, 7 days ago: −$0.47 Current fiscal year, Now: −$0.60 −$0.60 Next fiscal year, 90 days ago: −$0.12 Next fiscal year, 60 days ago: −$0.12 Next fiscal year, 30 days ago: −$0.12 Next fiscal year, 7 days ago: −$0.12 Next fiscal year, Now: −$0.17 −$0.17

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.47−$0.12
60 days ago −$0.47−$0.12
30 days ago −$0.47−$0.12
7 days ago −$0.47−$0.12
Now −$0.60−$0.17

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.13 −$0.19 −46.2%
Mar 2026 −$0.11 −$0.23 −109.1%
Dec 2025 −$0.13 −$0.12 +4.0%
Sept 2025 −$0.17 −$0.16 +3.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622

Counts of recommendations published by analysts covering Pioneer Power Solutions, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.6%
of tradable shares
Days to cover
0.53
at average volume
Short interest, 1 month
−53%
to October 15, 2026
Held by institutions
13%
of shares
Held by insiders
22.5%
of shares
Employees
58
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −47.8%

$4.60 on October 31, 2025 to $2.40

ThenNowEffect
Revenue (last 12 months) $29m $21m −26.5%
P/S multiple 1.8x 1.3x −29.3%
Share count 11m 11m +0.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −46.9%

$4.52 on November 3, 2023 to $2.40

ThenNowEffect
Revenue (last 12 months) $36m $21m −41.8%
P/S multiple 1.3x 1.3x +0.1%
Share count 10m 11m −8.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PPSI+99%−64%+153%−19%+15%−49%
Industry peers (median)−6%−30%−18%−7%+11%−35%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PPSI42%33%58%50%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PPSI−66%−73%−48%−50%−48%−62%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 85% from February 9, 2017 to May 29, 2020. Getting back needed a 585% gain, reached on October 7, 2020, 131 days after the low.

Price behaviour

52-week range
$2.33 – $6.08
From 52-week high
−60.5%
vs 50-day average
−19.3%
vs 200-day average
−32.2%
Volatility (1 year)
78%
Beta vs S&P 500
2.51

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.9%
After a week
5 up, 7 down
typical move ±11.9%
After a month
5 up, 7 down
typical move ±14.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 17, 2026 −3.4% −1.1% +0.3% +10.7%
May 18, 2026 +0.3% −0.7% +31.7% +7.5%
April 8, 2026 −23.1% +3.1% −21.8% +21.8%
November 13, 2025 −13.3% −1.7% −19.8% −7.9%
August 14, 2025 +34.3% −0.2% +11.7% +40.9%
May 15, 2025 +3.1% +1.1% −12.3% −7.2%
April 15, 2025 −2.2% −2.5% +3.3% +6.7%
February 19, 2025 +2.4% −0.2% −5.6% −7.7%
November 20, 2024 −4.2% +0.6% −7.4% −17.2%
November 14, 2024 0.0% −1.9% +0.5% −0.6%
April 1, 2024 −19.8% −0.8% −25.0% −33.4%
November 14, 2023 +0.8% +2.2% −3.1% −7.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Pioneer Power Solutions, Inc.
-$20M $0 $20M $40M $60M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $41.7M Revenue (TTM), FY23 Q4: $11.1M Revenue (TTM), FY24 Q1: $4.9M Revenue (TTM), FY24 Q2: -$4M Revenue (TTM), FY24 Q3: -$9M Revenue (TTM), FY24 Q4: $22.9M Revenue (TTM), FY25 Q1: $25.8M Revenue (TTM), FY25 Q2: $28.9M Revenue (TTM), FY25 Q3: $29.4M Revenue (TTM), FY25 Q4: $25.2M Revenue (TTM), FY26 Q1: $23M Revenue (TTM), FY26 Q2: $21.2M $21.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $41.7M
FY23 Q4 $11.1M
FY24 Q1 $4.9M
FY24 Q2 -$4M
FY24 Q3 -$9M
FY24 Q4 $22.9M
FY25 Q1 $25.8M
FY25 Q2 $28.9M
FY25 Q3 $29.4M
FY25 Q4 $25.2M
FY26 Q1 $23M
FY26 Q2 $21.2M
Revenue growth, TTM YoY Pioneer Power Solutions, Inc.
-200% 0% 200% 400% 600% FY22 Q3 FY23 Q2 FY24 Q1 FY26 Q2 Revenue growth, TTM YoY, FY22 Q3: 4.0% Revenue growth, TTM YoY, FY22 Q4: 41.3% Revenue growth, TTM YoY, FY23 Q1: 37.3% Revenue growth, TTM YoY, FY23 Q2: 78.8% Revenue growth, TTM YoY, FY23 Q3: 98.8% Revenue growth, TTM YoY, FY23 Q4: -57.0% Revenue growth, TTM YoY, FY24 Q1: -83.2% Revenue growth, TTM YoY, FY24 Q4: 105.8% Revenue growth, TTM YoY, FY25 Q1: 428.8% Revenue growth, TTM YoY, FY25 Q4: 10.3% Revenue growth, TTM YoY, FY26 Q1: -10.7% Revenue growth, TTM YoY, FY26 Q2: -26.5% -26.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q3 4.0%
FY22 Q4 41.3%
FY23 Q1 37.3%
FY23 Q2 78.8%
FY23 Q3 98.8%
FY23 Q4 -57.0%
FY24 Q1 -83.2%
FY24 Q4 105.8%
FY25 Q1 428.8%
FY25 Q4 10.3%
FY26 Q1 -10.7%
FY26 Q2 -26.5%
Operating margin (TTM) Pioneer Power Solutions, Inc.
-200% 0% 200% 400% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 7.6% Operating margin (TTM), FY23 Q4: -63.3% Operating margin (TTM), FY24 Q1: -193.6% Operating margin (TTM), FY24 Q2: 298.1% Operating margin (TTM), FY24 Q3: 150.5% Operating margin (TTM), FY24 Q4: -22.9% Operating margin (TTM), FY25 Q1: -22.8% Operating margin (TTM), FY25 Q2: -20.2% Operating margin (TTM), FY25 Q3: -22.4% Operating margin (TTM), FY25 Q4: -26.1% Operating margin (TTM), FY26 Q1: -27.2% Operating margin (TTM), FY26 Q2: -30.9% -30.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 7.6%
FY23 Q4 -63.3%
FY24 Q1 -193.6%
FY24 Q2 298.1%
FY24 Q3 150.5%
FY24 Q4 -22.9%
FY25 Q1 -22.8%
FY25 Q2 -20.2%
FY25 Q3 -22.4%
FY25 Q4 -26.1%
FY26 Q1 -27.2%
FY26 Q2 -30.9%
FCF margin (TTM) Pioneer Power Solutions, Inc.
-400% -200% 0% 200% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -13.3% FCF margin (TTM), FY23 Q4: -57.5% FCF margin (TTM), FY24 Q1: -202.8% FCF margin (TTM), FY24 Q2: 197.9% FCF margin (TTM), FY24 Q3: 101.8% FCF margin (TTM), FY24 Q4: -43.6% FCF margin (TTM), FY25 Q1: -26.8% FCF margin (TTM), FY25 Q2: -43.9% FCF margin (TTM), FY25 Q3: -37.1% FCF margin (TTM), FY25 Q4: -33.7% FCF margin (TTM), FY26 Q1: -45.7% FCF margin (TTM), FY26 Q2: -36.4% -36.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -13.3%
FY23 Q4 -57.5%
FY24 Q1 -202.8%
FY24 Q2 197.9%
FY24 Q3 101.8%
FY24 Q4 -43.6%
FY25 Q1 -26.8%
FY25 Q2 -43.9%
FY25 Q3 -37.1%
FY25 Q4 -33.7%
FY26 Q1 -45.7%
FY26 Q2 -36.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 47 69 84 88 92 107 100 114 20 21 19 18 26 11 23 28 21
Gross profit 12 16 19 22 18 21 22 18 2 1 1 1 3 2 6 3 4
EBITDA 5 6 7 8 3 −2 5 −2 −9 −11 −4 −4 −6 −6 −5 −6 −6
Operating income 4 5 6 7 2 −5 4 −3 −9 −12 −4 −4 −6 −7 −5 −7 −7
Net income 3 −0 3 5 −0 −6 −1 −9 −6 −1 −3 −2 −5 −2 32 −6 −8
Diluted EPS $0.50 −$0.01 $0.51 $0.84 −$0.04 −$0.76 −$0.12 −$1.06 −$0.65 −$0.12 −$0.34 −$0.24 −$0.56 −$0.20 $2.90 −$0.54 −$0.74
Growth (year on year)
Revenue — +45.6% +22.1% +5.0% +4.6% +15.5% −6.5% +14.8% −82.4% +2.3% −5.3% −6.0% +41.3% −57.0% +105.8% +20.8% −26.5%
EBITDA — +17.6% +29.8% +16.1% −63.7% −170.4% — −142.3% — — — — — — — — —
Operating income — +15.0% +26.3% +20.0% −75.5% — — −193.0% — — — — — — — — —
Net income — −102.0% — +76.3% −105.1% — — — — — — — — — — −118.8% −125.2%
Diluted EPS — −102.0% — +64.7% −104.8% — — — — — — — — — — −118.6% −125.4%
Margins
Gross margin 24.6% 23.2% 22.6% 24.7% 19.7% 20.1% 22.2% 15.5% 9.4% 5.7% 4.5% 7.6% 10.9% 20.0% 24.1% 12.4% 16.6%
EBITDA margin 10.0% 8.1% 8.6% 9.5% 3.3% −2.0% 4.8% −1.8% −43.6% −55.8% −20.9% −20.3% −21.6% −56.8% −19.8% −20.2% −26.1%
Operating margin 8.7% 6.8% 7.1% 8.1% 1.9% −5.0% 3.6% −2.9% −45.3% −57.1% −22.0% −21.1% −22.5% −63.3% −22.9% −23.9% −30.9%
Net margin 6.2% −0.1% 3.6% 6.0% −0.3% −5.5% −1.1% −8.1% −28.1% −5.0% −15.3% −11.8% −20.9% −17.1% 139.2% −21.7% −39.1%
Free-cash-flow margin — 0.3% 0.4% 0.6% −0.7% −4.7% −10.2% 0.2% 7.8% −27.8% — −18.7% −28.1% −57.5% −43.6% −30.7% −36.4%
Cash flow
Cash from operations 3 2 2 3 0 −4 −9 2 2 −6 −4 −3 −6 −4 −6 −6 −5
Capital spending — 1 2 3 1 1 1 1 1 0 — 0 2 2 4 3 2
Free cash flow — 0 0 1 −1 −5 −10 0 2 −6 — −3 −7 −6 −10 −8 −8
Stock-based pay 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0
Free cash flow after stock pay — −0 0 0 −1 −5 −10 −0 1 −6 — −4 −8 −8 −11 −9 −8
Balance sheet
Cash 1 1 0 0 4 1 0 0 0 8 8 12 10 4 42 — —
Total debt 6 18 17 9 12 6 9 10 26 0 1 — 0 0 0 0 0
Net debt (negative = net cash) 6 16 17 9 8 6 9 10 26 −8 −6 −12 −10 −4 −42 — —
Diluted shares 6m 6m 6m 6m 7m 8m 9m 9m 9m 9m 9m 9m 10m 10m 11m 11m 11m
Returned to shareholders
Dividends — — — — — — — — — — — 1 — — — 17 —
Total returned — — — — — — — — — — — 1 — — — 17 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $32m
Short-term assets $23mLonger-term assets $9m
What it owes, and who funded it · $32m
Short-term liabilities $6mLonger-term liabilities $1mShareholders' equity $25m
  • Short-term assets cover short-term liabilities $23m of assets due within a year against $6m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $23m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Pioneer Power Solutions, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$16.7M
Returned to shareholders
-196%
of free cash flow
Diluted share count
−0.4%
year over year
Total shareholder yield
62.6%
dividends 62.6% + buybacks 0.0% of market value
R&D spending
2.7%
of revenue
Sales & admin spending
44.8%
of revenue
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated PPSI HUHU RAYA XCH CCTG BEEM Median
Revenue, last 12 months $21m $21m $23m $25m $17m $27m $133m
Revenue growth, last 12 months −26.5% 18.1% −24.6% −40.5% −1.9% −20.5% 9.7%
Revenue growth, 3-year average −16.5% — — — — −23.6% 8.4%
Revenue growth, latest quarter −27.5% — — — — 21.0% 9.9%
Gross margin 16.6% 33.1% 21.3% 46.2% 29.3% 10.2% 28.9%
Operating margin −30.9% −79.6% −7.2% −129.9% −20.0% −64.9% −20.0%
Operating margin, 3-year average 82.3% — — — — −53.9% −24.9%
Net margin −39.1% −80.9% −6.1% −129.5% −27.8% −64.6% −25.6%
Cash from operations / revenue −25.8% 13.5% −13.9% −30.0% −26.1% −49.6% −9.0%
Free-cash-flow margin −36.4% 12.8% −36.8% −31.1% −31.0% −48.9% −13.3%
Free-cash-flow margin, 3-year average 39.2% — — — — −26.5% −6.4%
Stock pay / revenue 0.1% 85.6% — 83.4% — 4.4% 2.3%
Change in share count −0.4% 15.0% 349.0% 117.3% 114.2% −99.6% 9.7%

Median of all 58 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Total Revenue $23.4M 84.5% ▲ 11.5%
Products $13.9M 59.6% ▲ 13.5%
Services $9.4M 40.4% ▲ 8.7%
Sales Type Lease Revenue $2.9M 10.4% —
Operating Lease Revenue $1.4M 5.1% ▼ 26.8%
Geography
Region Revenue Share YoY
United States $27.5M 99.5% ▲ 38.1%
Canada $127,000 0.5% ▼ 95.7%

From Pioneer Power Solutions, Inc.'s 10-K filed April 8, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.8M
Institutions reporting
35
Shares held vs prior quarter
▲ 44.7%
Positions opened / closed
8 / 6

Top buyers and sellers, Q2 2026: 18 institutions bought and 10 sold ; the biggest buyer was Acadian Asset Management LLC (+128K shares) and the biggest seller Squarepoint Ops LLC (−68K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $771,405 196K 13.3% ▼ 0.2%
Spectrum Investment Advisors, Inc. $541,750 138K 9.3% 0.0%
Acadian Asset Management LLC $503,000 128K 8.7% New
Renaissance Technologies LLC $498,363 126K 8.6% ▲ 97.0%
Geode Capital Management, LLC $459,611 117K 7.9% ▲ 1.1%
Jane Street Group, LLC $450,747 114K 7.8% New
Susquehanna International Group, LLP $316,654 80K 5.4% ▲ 44.6%
Dimensional Fund Advisors LP $315,562 80K 5.4% ▲ 3.7%
Citadel Advisors LLC $278,928 71K 4.8% New
HRT Financial LP $255,000 65K 4.4% New
Blackrock, Inc. $236,298 60K 4.1% ▲ 109.2%
Vanguard Fiduciary Trust Co $190,030 48K 3.3% ▲ 35.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Pioneer Power Solutions, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $33,900 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $33,900 net buying
Insider Date Trade Shares Price Value
Mazurek Nathan Chief Executive Officer November 18, 2025 Buy 10,000 $3.39 $33,900

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 17, 2026
  • May 18, 2026
  • April 8, 2026
  • November 13, 2025
  • August 14, 2025
  • May 15, 2025

Recent SEC filings

Data status

When each part of this page on Pioneer Power Solutions, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Pioneer Power Solutions, Inc. in brief

What does Pioneer Power Solutions, Inc. do?
Pioneer Power Solutions, Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
What is Pioneer Power Solutions, Inc.'s stock ticker?
Pioneer Power Solutions, Inc. trades under the ticker PPSI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Pioneer Power Solutions, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Pioneer Power Solutions, Inc. reported revenue of $21.2M, 26.5% lower than a year earlier, according to its SEC filings.
What is Pioneer Power Solutions, Inc.'s free cash flow?
Pioneer Power Solutions, Inc.'s free-cash-flow margin is -36.4% of revenue over the trailing twelve months.
Who are Pioneer Power Solutions, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Spectrum Investment Advisors, Inc. and Acadian Asset Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Pioneer Power Solutions, Inc.'s market cap?
On November 2, 2026, Pioneer Power Solutions, Inc.'s market capitalisation was about $26.8M and net debt of $0. Market figures come from third-party market data and may be delayed.
Does Pioneer Power Solutions, Inc. pay a dividend?
Yes: Pioneer Power Solutions, Inc. paid $16.7M in dividends over the trailing twelve months, a dividend yield of 62.58%.
Who are Pioneer Power Solutions, Inc.'s competitors?
In our Electrical Components & Equipment peer group, the companies closest to Pioneer Power Solutions, Inc. are Huhutech International Group Inc., Erayak Power Solution Group Inc., Xchg Ltd, Ccsc Technology International Holdings Ltd and Beam Global. The side-by-side comparison below sets their revenue, margins and growth against Pioneer Power Solutions, Inc.'s.
Are insiders buying or selling Pioneer Power Solutions, Inc. stock?
Over the last 12 months, Pioneer Power Solutions, Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Pioneer Power Solutions, Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Pioneer Power Solutions, Inc. announces its own schedule.