What is Power's earnings per share (EPS)?

Power (PW) reported diluted earnings per share of -$0.83 for fiscal year 2025. 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 Financials

FY2025 annual

Revenue $2.0M -34.0% YoY

Net Income -$2.2M +91.1% YoY

EPS (Diluted) -$0.83 YoY not available

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Power (PW) reported $2.0M in revenue for fiscal year 2025, down 34.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI PW FY2025 2026-08-15

Debt-heavy financing dominates Power REIT’s shrinking asset base, while operations move toward cash-flow break-even without restoring profitability.

Between FY2024 and FY2025, revenue contracted 34.0%, yet the net loss narrowed from -$24.7M to -$2.2M as interest expense and depreciation declined; this points to an expense-driven improvement rather than stronger operating volume. Operating cash flow also improved from -$1.4M to -$68K, so cash pressure eased materially even though the company remained unprofitable.

The balance sheet became smaller faster than its obligations disappeared: assets fell from $46.1M in FY2024 to $26.9M in FY2025, while liabilities remained $21.8M. That combination left a thinner equity cushion and pushed debt-to-equity from 3.0x to 3.7x, despite lower absolute debt.

Interest expense of $2.1M was roughly equal to FY2025 revenue of $2.0M, helping produce a net margin of -109.1%. The near-break-even cash flow therefore does not yet represent earnings strength; it coexists with a financing burden that absorbs approximately the entire reported top line.

Financial Health Signals

Financial Health Score 57/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.

Cash Runway

Dilution

R&D Intensity

Not available for Power, and counted as zero in the overall score.

Revenue Progress

Burn Trend

Balance Sheet

Piotroski F-Score Partial

4/7

Power passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Power reported a net loss of $2.2M while operations used $68K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

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.

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

Power earned -$0.83 per diluted share (EPS) in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$2.2M

YoY+1.9%

5Y CAGR-16.8%

10Y CAGR+17.8%

Power held $2.2M in cash against $19.2M in long-term debt as of fiscal year 2025.

Shares Outstanding

366,149

Power had 366,149 shares outstanding in fiscal year 2025.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

-42.7%

YoY+323.2pp

5Y CAGR-61.3pp

10Y CAGR-36.4pp

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

PW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PW annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$2.8M	$2.0M-34.0%	$3.0M+37.2%	$2.2M-73.9%	$8.5M+0.7%	$8.5M+98.0%	$4.3M+95.9%	$2.2M+10.4%	$2.0M-0.4%	$2.0M+0.3%	$2.0M+0.3%	$2.0M+13.0%	$1.7M+67.0%	$1.0M+14.1%	$915K0.0%	$915K
SG&A Expenses	$953K	$1.2M-21.4%	$1.5M-14.8%	$1.8M+15.4%	$1.5M+72.4%	$881K+66.9%	$528K+29.2%	$409K+2.5%	$398K+3.7%	$384K+13.0%	$340K+50.1%	$226K-11.4%	$255K-6.3%	$273K-32.7%	$405K+45.7%	$278K
Operating Income	N/A	N/A	N/A	$30.8M+25.7%	$24.5M-1.2%	$24.8M+9.3%	$22.7M0.0%	$22.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$969K	$2.1M-46.8%	$3.9M+43.1%	$2.7M+53.7%	$1.8M+54.2%	$1.1M-2.3%	$1.2M+121.2%	$527K+10.3%	$478K-2.3%	$490K-2.6%	$502K-40.8%	$849K+18.7%	$715K+653.9%	$95K	$0	N/A
Net Income	-$1.6M	-$2.2M+91.1%	-$24.7M-72.0%	-$14.4M-0.8%	-$14.3M-377.1%	$5.1M+136.9%	$2.2M+129.4%	$947K+12.9%	$839K+16.7%	$718K+190.7%	$247K+154.8%	-$451K+71.0%	-$1.6M-223.3%	-$481K-49.6%	-$322K-150.5%	$637K
EPS (Diluted)	—	-$0.83	-$7.48-68.8%	-$4.43-0.5%	-$4.41-419.6%	$1.38	$0.96+166.7%	$0.36	N/A	N/A	N/A	N/A	-$1.03-255.2%	-$0.29-45.0%	-$0.20-150.0%	$0.40

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.3M+168.5%	$480K-5.1%	$506K-1.4%	$513K+1.2%	$507K+4.3%	$486K-14.7%	$570K-60.0%	$1.4M
SG&A Expenses	$241K+16.8%	$206K-14.2%	$240K-9.7%	$266K-22.1%	$341K+4.4%	$327K-4.7%	$343K+1.5%	$338K
Interest Expense	$240K-0.8%	$242K-0.5%	$243K-0.6%	$245K-57.2%	$572K-42.8%	$999K+19.7%	$834K-4.4%	$872K
Net Income	$436K+148.8%	-$893K+32.7%	-$1.3M-693.3%	$224K-30.3%	$321K+122.7%	-$1.4M+55.3%	-$3.2M-873.4%	-$325K
EPS (Diluted)	$0.74	-$0.29	N/A	$0.02	$0.47	-$0.47	N/A	-$0.14

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

PW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PW annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$26.9M-41.6%	$46.1M-34.3%	$70.2M-18.5%	$86.2M+1.0%	$85.3M+110.5%	$40.5M+7.5%	$37.7M+72.2%	$21.9M+2.0%	$21.5M+1.2%	$21.2M-0.5%	$21.3M-4.6%	$22.3M+85.4%	$12.0M+13.2%	$10.6M+5.0%	$10.1M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$383K-61.1%	$985K
Cash & Equivalents	$2.2M+1.9%	$2.2M-0.4%	$2.2M-22.7%	$2.8M-10.2%	$3.2M-43.4%	$5.6M-64.6%	$15.8M+794.5%	$1.8M+54.4%	$1.1M+59.9%	$717K+64.5%	$436K-33.4%	$654K+737.7%	$78K-78.7%	$366K-62.7%	$982K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$21.8M-44.6%	$39.3M-0.2%	$39.4M-6.0%	$41.9M+55.3%	$27.0M+6.6%	$25.3M+2.8%	$24.6M+154.0%	$9.7M-3.4%	$10.1M-3.7%	$10.4M-2.4%	$10.7M-4.3%	$11.2M+276.0%	$3.0M+131.8%	$1.3M+12734.2%	$10K
Current Liabilities	N/A	$17.4M+12.3%	$15.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$367K+3571.8%	$10K
Long-Term Debt	$19.2M-3.8%	$20.0M-3.5%	$20.7M-44.3%	$37.2M+64.8%	$22.6M-2.7%	$23.2M-2.5%	$23.8M+159.6%	$9.2M-3.8%	$9.5M-3.5%	$9.9M-3.3%	$10.2M+8.9%	$9.4M+278.2%	$2.5M+1850.4%	$127K	N/A
Total Equity	$5.1M-23.9%	$6.8M-78.1%	$30.8M-30.5%	$44.3M-11.2%	$49.8M+325.2%	$11.7M+22.4%	$9.6M+10.0%	$8.7M+9.9%	$7.9M+8.7%	$7.3M+2.3%	$7.1M-7.1%	$7.7M-15.5%	$9.1M-3.0%	$9.4M-7.6%	$10.1M
Retained Earnings	-$51.9M-4.4%	-$49.7M-98.9%	-$25.0M-135.4%	-$10.6M-356.9%	$4.1M+1244.4%	-$361K+84.0%	-$2.3M+22.8%	-$2.9M+16.1%	-$3.5M+11.2%	-$3.9M-0.8%	-$3.9M-23.2%	-$3.2M-124.3%	-$1.4M-85.2%	-$759K-1535.9%	$53K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$26.2M+0.6%	$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
Cash & Equivalents	$3.1M+54.6%	$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
Total Liabilities	$21.5M-1.3%	$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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	$18.4M+5.7%	$17.4M+2.4%	$17.0M
Long-Term Debt	$18.9M-1.3%	$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
Total Equity	$4.7M+10.2%	$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
Retained Earnings	-$52.3M+0.8%	-$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

Not reported in any period shown, so not listed: Inventory, Goodwill.

PW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PW annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$1.5M	-$68K+95.1%	-$1.4M+46.9%	-$2.6M-138.3%	$6.8M-14.5%	$8.0M+170.6%	$3.0M+115.5%	$1.4M+8.4%	$1.3M+20.2%	$1.1M+19.2%	$884K+493.0%	-$225K-109.1%	-$108K+71.0%	-$371K-17500.2%	$2K-99.7%	$645K
Capital Expenditures	N/A	N/A	N/A	$15K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$237K	$0	N/A
Free Cash Flow	N/A	N/A	N/A	-$2.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$608K-28643.9%	$2K	N/A
Investing Cash Flow	$862K	$543K-69.1%	$1.8M-66.4%	$5.2M+125.0%	-$21.0M+50.2%	-$42.1M-241.7%	-$12.3M-584.8%	-$1.8M	N/A	N/A	N/A	N/A	-$2.2M-44.7%	-$1.6M-67.0%	-$928K	$0
Financing Cash Flow	-$715K	-$471K+79.0%	-$2.2M+4.7%	-$2.3M-115.9%	$14.8M-53.3%	$31.7M+3706.3%	-$878K-106.1%	$14.5M+2359.4%	-$642K-2.8%	-$624K-3.5%	-$603K-9387.4%	$6K-99.8%	$2.9M+79.2%	$1.6M+426.7%	$310K+7.5%	$288K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$280K0.0%	$280K+0.1%	$280K0.0%	$280K0.0%	$280K+46.5%	$191K+15.5%	$165K-66.3%	$490K+176.8%	-$638K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$1.1M+819.3%	-$147K-211.1%	$132K-72.2%	$476K+298.1%	-$240K+44.9%	-$437K-51.5%	-$288K-78.2%	-$162K
Investing Cash Flow	$300K+948.4%	$29K+150.0%	-$57K-109.7%	$590K+816.0%	-$82K-189.4%	$92K-89.1%	$844K+1774.4%	$45K
Financing Cash Flow	-$247K-205.6%	-$81K-148.4%	$167K+130.1%	-$555K-142.2%	-$229K-256.8%	$146K+120.3%	-$719K-70.0%	-$423K

Not reported in any period shown, so not listed: Share Buybacks.

PW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PW annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	N/A	N/A	1385.8%	287.6%	293.2%	531.3%	1040.9%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-109.1%	-810.2%	-646.4%	-167.3%	60.8%+10.0pp	50.8%+7.4pp	43.4%+0.9pp	42.5%+6.2pp	36.3%+23.7pp	12.5%+35.4pp	-22.9%+66.4pp	-89.3%-43.2pp	-46.1%-11.0pp	-35.2%-104.8pp	69.6%
Return on Equity	-42.7%+323.2pp	-365.9%-319.2pp	-46.7%-14.5pp	-32.2%-42.5pp	10.3%-8.2pp	18.5%+8.6pp	9.9%+0.3pp	9.6%+0.6pp	9.1%+5.7pp	3.4%+9.7pp	-6.3%+14.0pp	-20.3%-15.0pp	-5.3%-1.9pp	-3.4%-9.7pp	6.3%
Return on Assets	-8.2%+45.5pp	-53.6%-33.1pp	-20.5%-3.9pp	-16.5%-22.6pp	6.0%+0.7pp	5.4%+2.9pp	2.5%-1.3pp	3.8%+0.5pp	3.4%+2.2pp	1.2%+3.3pp	-2.1%+4.9pp	-7.0%-3.0pp	-4.0%-1.0pp	-3.0%-9.3pp	6.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.04-97.5x	98.51
Debt-to-Equity	3.74+0.8x	2.96+2.3x	0.67-0.2x	0.84+0.4x	0.45-1.5x	1.98-0.5x	2.49+1.4x	1.05-0.1x	1.20-0.2x	1.35-0.1x	1.43+0.2x	1.22+0.9x	0.27+0.3x	0.010.0x	0.00
FCF Margin	N/A	N/A	-118.7%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-58.3%-58.5pp	0.2%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	33.8%	-185.9%	-262.1%	43.6%-19.8pp	63.3%	-290.9%	-555.2%	-22.8%
Return on Equity	9.3%+30.3pp	-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%
Return on Assets	1.7%+5.1pp	-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%
Debt-to-Equity	4.03-0.5x	4.49+0.8x	3.74+0.6x	3.10-0.2x	3.30-0.3x	3.63+0.7x	2.96+0.9x	2.05

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

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Where Power Ranks

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 34.0% 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.

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 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) recorded an outflow of $68K in operating cash flow during fiscal year 2025, representing cash used by 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.

How many shares does Power have outstanding?

Power (PW) had 366,149 shares outstanding as of fiscal year 2025.

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 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $2.2M while operations used $68K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 57 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.