# Pioneer Power Solutions, Inc. (PPSI) · Edgar & Edgarette company card

> Pioneer Power Solutions (PPSI) grew revenue 20.8% in FY2025 to $28 million, operating margin -23.9% against a -7.6% median for miscellaneous electrical machinery, equipment & supplies, equity 82.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1449792 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/PPSI) · [JSON](https://www.pops4.com/boards/company/PPSI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $28M |
| Revenue growth, 1 year | 20.8% |
| Revenue growth per year | 10.8% |
| Operating margin | -23.9% (prior year -22.9%) |
| Net margin | -21.7% |
| Operating cash flow | −$6M |
| Capital spending | $3M |
| Free cash flow | −$8M |
| Cash | — |
| Long-term debt | — |
| Total assets | $35M |
| Total equity | $29M |
| Equity ÷ assets | 82.7% |
| Return on equity | -20.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 7.04 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -1.4 (above the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice in the last 12 months; operating cash flow was negative; operating loss: a margin of -23.9% in FY2025; revenue is hard to predict: its 80% range is ±71%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $27.6M (FY2025). Experience: revenue up 20.8% on the year, up 10.8% a year over 4 years; operating margin -23.9%, down from -22.9%. Soundness: equity 82.7% of assets, return on equity -20.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $12.5M and $73.8M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $11.1M to $83.7M. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, miscellaneous electrical machinery, equipment & supplies): operating margin -23.9% against a -7.6% median; growth 20.8% against 6.9%.

Range logged 2026-09-25, receipt 6f6b0f15fd392168, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-04-01 ([filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226014643/0001493152-26-014643-index.htm))
- Item 5.02 Director or officer change: 1, latest 2025-11-13 ([filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315225022307/0001493152-25-022307-index.htm))

## Recent filings

- DEF 14A · filed 2026-09-22 · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226043622/0001493152-26-043622-index.htm)
- 8-K · filed 2026-08-17 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226038658/0001493152-26-038658-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226038515/0001493152-26-038515-index.htm)
- 8-K · filed 2026-05-18 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226024067/0001493152-26-024067-index.htm)
- 8-K · filed 2026-05-18 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226024063/0001493152-26-024063-index.htm)
- 10-Q · filed 2026-05-15 · [filing](https://www.sec.gov/Archives/edgar/data/1449792/000149315226023939/0001493152-26-023939-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001449792.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1449792

## Cite

POPS4, Edgar & Edgarette: Pioneer Power Solutions, Inc. (PPSI) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/PPSI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.