Every 10-Q that Pioneer Power Solutions, Inc. (PPSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PPSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPSI filings page.
Pioneer Power Solutions, Inc. reported sharply weaker results for the three and six months ended June 30, 2026. Revenue fell to $5.0M from $8.4M for the quarter and to $9.3M from $15.1M year-to-date, driven mainly by lower sales and rentals of its e-Boost mobile EV charging solutions.
Despite the revenue decline, profitability at the gross level improved. Gross margin rose to 19.6% from 15.7% for the quarter and to 16.9% from 9.7% for the six-month period, reflecting better operating efficiencies. However, higher selling, general and administrative costs led to an operating loss from continuing operations of $2.0M for the quarter and $4.0M year-to-date. A $0.8M loss from an equity method investment contributed to a net loss of $4.6M for the first half of 2026.
Cash decreased to $10.7M from $15.0M at year-end, with operating activities using $3.6M in the first half. Working capital stood at $17.1M. Revenue backlog in the Critical Power business was $18.4M, up slightly from the prior year. Management states that existing cash and working capital are expected to fund operations for at least twelve months, but material weaknesses in internal control over financial reporting remain unresolved as of June 30, 2026.
Pioneer Power Solutions reported weaker Q1 2026 results with lower revenue and a larger loss from continuing operations. Revenue fell to $4,266 from $6,740, mainly from reduced sales and rentals of e-Boost mobile EV charging equipment. Despite the decline, gross margin improved to 13.6% from 2.2% on better operating efficiencies.
Operating loss from continuing operations narrowed to $2,020, but a $644 loss on an equity‑method investment pushed net loss from continuing operations to $2,508, versus $2,076 last year, or $0.23 per share. Revenue backlog dropped to $13,949 from $23,231, while cash remained solid at $13,583 and working capital was $18,657. The company continues to report material weaknesses in internal control over financial reporting, is rolling out a new ERP system, and remains reliant on a small number of customers, including one that represents all lease receivables.
Pioneer Power Solutions (PPSI) reported Q3 2025 results showing higher revenue but weaker profitability. Revenue rose to $6.9 million from $6.4 million, driven mainly by service sales. Gross profit fell to $0.6 million and gross margin compressed to 9.3% from 23.7% on an unfavorable sales mix. Operating loss widened to $1.4 million, and net loss was $2.35 million, or $0.21 per share.
For the nine months, revenue increased to $22.0 million from $13.1 million, reflecting growth in e‑Boost mobile EV charging and services, while gross margin fell to 9.6%. Cash was $17.3 million and working capital $22.8 million at September 30, 2025, after a one‑time cash dividend of $16.7 million paid earlier in the year. Backlog was $15.4 million, down from $24.0 million a year ago. Two customers represented 19% and 17% of Q3 revenue, indicating continued customer concentration.
The company recognized a $0.4 million loss from its equity‑method investee and recorded $0.2 million of interest income in Q3. Management concluded that disclosure controls and procedures were not effective as of September 30, 2025 due to a material weakness.