Power Financials
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).
Balance-sheet shrinkage rather than growth is defining the business, leaving nearly unchanged debt supported by a much smaller asset base.
From FY2023 to FY2025, total assets fell from$70.2M to$26.9M while long-term debt only edged down from$20.7M to$19.2M . That is why debt-to-equity rose from 0.7x to 3.7x even though total liabilities declined: the company got smaller faster than it deleveraged.
FY2025 operating cash flow was nearly flat at
Cash balances stayed near
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Power's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Power's revenue declined 34% year-over-year, from $3.0M to $2.0M. This contraction results in a growth score of 25/100.
Power has elevated debt relative to equity (D/E of 3.74), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 26/100, reflecting increased financial risk.
Power generates a -42.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -365.9% the prior year.
Power passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
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.
Key Financial Metrics
Earnings & Revenue
Power generated $2.0M in revenue in fiscal year 2025. This represents a decrease of 34.0% from the prior year.
Power reported -$2.2M in net income in fiscal year 2025. This represents an increase of 91.1% from the prior year.
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
Power held $2.2M in cash against $19.2M in long-term debt as of fiscal year 2025.
Power had 4M shares outstanding in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Margins & Returns
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.
Power's ROE was -42.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 323.2 percentage points from the prior year.
Capital Allocation
PW Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $480K-5.1% | $506K-1.4% | $513K+1.2% | $507K+4.3% | $486K-14.7% | $570K-60.0% | $1.4M+174.6% | $519K |
| 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 | $206K-14.2% | $240K-9.7% | $266K-22.1% | $341K+4.4% | $327K-4.7% | $343K+1.5% | $338K-6.0% | $359K |
| Operating Income | $41.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $242K-0.5% | $243K-0.6% | $245K-57.2% | $572K-42.8% | $999K+19.7% | $834K-4.4% | $872K-23.7% | $1.1M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$893K+32.7% | -$1.3M-693.3% | $224K-30.3% | $321K+122.7% | -$1.4M+55.3% | -$3.2M-873.4% | -$325K+98.3% | -$19.1M |
| EPS (Diluted) | $-0.29 | N/A | $0.02-60.0% | $0.05+110.6% | $-0.47 | N/A | $-0.14+97.5% | $-5.70 |
PW Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.0M-3.4% | $26.9M-3.7% | $28.0M+0.3% | $27.9M-38.9% | $45.6M-1.1% | $46.1M-4.8% | $48.4M-2.7% | $49.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $2.0M-8.9% | $2.2M+12.1% | $2.0M+34.6% | $1.5M-26.6% | $2.0M-8.0% | $2.2M-1.7% | $2.2M-9.1% | $2.5M |
| 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-0.2% | $21.8M+0.2% | $21.7M-0.9% | $21.9M-45.3% | $40.1M+2.0% | $39.3M+1.8% | $38.7M-2.9% | $39.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | $18.4M+5.7% | $17.4M+2.4% | $17.0M+3.7% | $16.4M |
| Long-Term Debt | $19.1M-0.5% | $19.2M-0.4% | $19.3M-1.8% | $19.7M-1.2% | $19.9M-0.4% | $20.0M-0.4% | $20.0M-1.7% | $20.4M |
| Total Equity | $4.3M-17.2% | $5.1M-17.4% | $6.2M+4.6% | $5.9M+8.5% | $5.5M-18.8% | $6.8M-30.9% | $9.8M-1.8% | $10.0M |
| Retained Earnings | -$52.8M-1.7% | -$51.9M-2.6% | -$50.6M+0.4% | -$50.8M+0.6% | -$51.1M-2.8% | -$49.7M-6.8% | -$46.5M-0.7% | -$46.2M |
PW Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$147K-211.1% | $132K-72.2% | $476K+298.1% | -$240K+44.9% | -$437K-51.5% | -$288K-78.2% | -$162K+70.1% | -$541K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $29K+150.0% | -$57K-109.7% | $590K+816.0% | -$82K-189.4% | $92K-89.1% | $844K+1774.4% | $45K-40.0% | $75K |
| Financing Cash Flow | -$81K-148.4% | $167K+130.1% | -$555K-142.2% | -$229K-256.8% | $146K+120.3% | -$719K-70.0% | -$423K+58.5% | -$1.0M |
| 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 8533.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -185.9%+76.2pp | -262.1%-305.7pp | 43.6%-19.8pp | 63.3%+354.2pp | -290.9%+264.3pp | -555.2%-532.4pp | -22.8%+3663.6pp | -3686.4% |
| Return on Equity | -21.0%+4.8pp | -25.8%-29.4pp | 3.6%-1.8pp | 5.4%+31.2pp | -25.8%+21.1pp | -46.8%-43.5pp | -3.3%+189.0pp | -192.3% |
| Return on Assets | -3.4%+1.5pp | -4.9%-5.7pp | 0.8%-0.3pp | 1.1%+4.3pp | -3.1%+3.8pp | -6.9%-6.2pp | -0.7%+37.8pp | -38.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 4.49+0.8 | 3.74+0.6 | 3.10-0.2 | 3.30-0.3 | 3.63+0.7 | 2.96+0.9 | 2.050.0 | 2.05 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Power's annual revenue?
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.
How fast is Power's revenue growing?
Power (PW) revenue declined by 34% year-over-year, from $3.0M to $2.0M in fiscal year 2025.
Is Power profitable?
No, Power (PW) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -109.1%.
How much debt does Power have?
As of fiscal year 2025, Power (PW) had $2.2M in cash and equivalents against $19.2M in long-term debt.
What is Power's net profit margin?
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.
What is Power's return on equity (ROE)?
Power (PW) has a return on equity of -42.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Power's operating cash flow?
Power (PW) generated -$68K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Power's total assets?
Power (PW) had $26.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Power's debt-to-equity ratio?
Power (PW) had a debt-to-equity ratio of 3.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Power's return on assets (ROA)?
Power (PW) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Power's cash runway?
Based on fiscal year 2025 data, Power (PW) had $2.2M in cash against an annual operating cash burn of $68K. This gives an estimated cash runway of approximately 393 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Power's Piotroski F-Score?
Power (PW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Power's earnings high quality?
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.
How financially healthy is Power?
Power (PW) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.