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Power Financials

PW
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Power (PW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality
0.03x

For every $1 of reported earnings, Power generates $0.03 in operating cash flow (-$68K OCF vs -$2.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe
19.9x

Power earns $19.9 in operating income for every $1 of interest expense ($41.0M vs $2.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.0M
YoY-34.0%
5Y CAGR-14.0%
10Y CAGR+0.2%

Power generated $2.0M in revenue in fiscal year 2025. This represents a decrease of 34.0% from the prior year.

EBITDA
$41.3M
5Y CAGR+12.3%

Power's EBITDA was $41.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income
-$2.2M
YoY+91.1%

Power reported -$2.2M in net income in fiscal year 2025. This represents an increase of 91.1% from the prior year.

EPS (Diluted)
$-0.83
YoY+88.9%

Power earned $-0.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 88.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
4M
YoY+8.3%
5Y CAGR+13.9%
10Y CAGR+7.7%

Power had 4M shares outstanding in fiscal year 2025. This represents an increase of 8.3% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
2038.0%
5Y CAGR+1506.7pp

Power's operating margin was 2038.0% in fiscal year 2025, reflecting core business profitability.

Net Margin
-109.1%
YoY+701.1pp
5Y CAGR-159.9pp
10Y CAGR-86.2pp

Power's net profit margin was -109.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 701.1 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

PW Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $513K+1.2% $507K+4.3% $486K-14.7% $570K-60.0% $1.4M+174.6% $519K-2.9% $535K+4.6% $511K
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $266K-22.1% $341K+4.4% $327K-4.7% $343K+1.5% $338K-6.0% $359K-20.8% $454K+7.5% $422K
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $245K-57.2% $572K-42.8% $999K+19.7% $834K-4.4% $872K-23.7% $1.1M+12.7% $1.0M+20.0% $846K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income $224K-30.3% $321K+122.7% -$1.4M+55.3% -$3.2M-873.4% -$325K+98.3% -$19.1M-821.8% -$2.1M-14.6% -$1.8M
EPS (Diluted) $0.02-60.0% $0.05+110.6% $-0.47 N/A $-0.14+97.5% $-5.70-763.6% $-0.66 N/A

PW Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $28.0M+0.3% $27.9M-38.9% $45.6M-1.1% $46.1M-4.8% $48.4M-2.7% $49.8M-27.7% $68.9M-1.9% $70.2M
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $2.0M+34.6% $1.5M-26.6% $2.0M-8.0% $2.2M-1.7% $2.2M-9.1% $2.5M-17.5% $3.0M+35.2% $2.2M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $21.7M-0.9% $21.9M-45.3% $40.1M+2.0% $39.3M+1.8% $38.7M-2.9% $39.8M-0.3% $40.0M+1.3% $39.4M
Current Liabilities N/A N/A $18.4M+5.7% $17.4M+2.4% $17.0M+3.7% $16.4M+9.3% $15.0M-3.2% $15.5M
Long-Term Debt $19.3M-1.8% $19.7M-1.2% $19.9M-0.4% $20.0M-0.4% $20.0M-1.7% $20.4M-1.1% $20.6M-0.3% $20.7M
Total Equity $6.2M+4.6% $5.9M+8.5% $5.5M-18.8% $6.8M-30.9% $9.8M-1.8% $10.0M-65.6% $28.9M-6.0% $30.8M
Retained Earnings -$50.6M+0.4% -$50.8M+0.6% -$51.1M-2.8% -$49.7M-6.8% -$46.5M-0.7% -$46.2M-70.8% -$27.1M-8.3% -$25.0M

PW Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $476K+298.1% -$240K+44.9% -$437K-51.5% -$288K-78.2% -$162K+70.1% -$541K-34.6% -$402K+34.8% -$617K
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A $0
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A -$617K
Investing Cash Flow $590K+816.0% -$82K-189.4% $92K-89.1% $844K+1774.4% $45K-40.0% $75K-90.6% $796K-71.9% $2.8M
Financing Cash Flow -$555K-142.2% -$229K-256.8% $146K+120.3% -$719K-70.0% -$423K+58.5% -$1.0M-1231.6% -$77K+95.5% -$1.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

PW Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 43.6%-19.8pp 63.3%+354.2pp -290.9%+264.3pp -555.2%-532.4pp -22.8%+3663.6pp -3686.4%-3297.9pp -388.5%-34.1pp -354.4%
Return on Equity 3.6%-1.8pp 5.4%+31.2pp -25.8%+21.1pp -46.9%-43.5pp -3.3%+189.0pp -192.3%-185.1pp -7.2%-1.3pp -5.9%
Return on Assets 0.8%-0.3pp 1.1%+4.3pp -3.1%+3.8pp -6.9%-6.2pp -0.7%+37.8pp -38.5%-35.4pp -3.0%-0.4pp -2.6%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 3.10-0.2 3.30-0.3 3.63+0.7 2.96+0.9 2.050.0 2.05+1.3 0.71+0.0 0.67
FCF Margin N/A N/A N/A N/A N/A N/A N/A -120.6%

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Frequently Asked Questions

Power (PW) reported $2.0M in total revenue for fiscal year 2025. This represents a -34.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Power (PW) revenue declined by 34% year-over-year, from $3.0M to $2.0M in fiscal year 2025.

No, Power (PW) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -109.1%.

Power (PW) reported diluted earnings per share of $-0.83 for fiscal year 2025. This represents a 88.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Power (PW) had EBITDA of $41.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Power (PW) had an operating margin of 2038.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Power (PW) had a net profit margin of -109.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Power (PW) generated -$68K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Power (PW) had 4M shares outstanding as of fiscal year 2025.

Power (PW) has an earnings quality ratio of 0.03x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Power (PW) has an interest coverage ratio of 19.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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