PPSI on Nasdaq
PIONEER POWER SOLUTIONS, INC.
PIONEER POWER SOLUTIONS, INC. is an American miscellaneous electrical machinery company, incorporated in Delaware.1 It is headquartered in Fort Lee, New Jersey.1 Its shares trade on Nasdaq under the symbol PPSI.1
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Last updated Oct 21, 2026.
Overview
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- TickerPPSI on Nasdaq1
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
- HeadquartersFort Lee, New Jersey1
- Incorporated inDE2
- Business address400 Kelby Street, 12Th Floor, Fort Lee, Nj 070242
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Engine-generator sets: power generation equipment with up to 2 MW of power output per genset, sourced from several manufacturers and available for install by our expert, licensed technicians.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Total Revenue brought in 85% of the revenue PIONEER POWER SOLUTIONS, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Total Revenue | $21.0M | $23.4M |
| Sales Type Lease Revenue | $2.9M | |
| Operating Lease Revenue | $1.9M | $1.4M |
Regions
United States brought in 100% of the revenue PIONEER POWER SOLUTIONS, INC. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $19.9M | $27.5M |
| Canada | $3.0M | $127.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$24.2M
- Research and development3¢$875.0K
- Selling, general and admin27¢$9.1M
- Income tax0¢$74.0K
Out of $27.6M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $27.6M | $22.9M |
| Cost of goods sold | $24.2M | $17.4M |
| Gross profit | $3.4M | $5.5M |
| Selling, general and administrative | $9.1M | $9.7M |
| Research and development | $875.0K | $1.1M |
| Total operating expenses | $10.0M | $10.8M |
| Operating loss from continuing operations | -$6.6M | -$5.2M |
| Interest income, net | $739.0K | $431.0K |
| Other (expense) income, net | -$518.0K | $50.0K |
| Loss before income taxes | -$6.4M | -$4.8M |
| Income tax expense (benefit) | $74.0K | -$1.4M |
| Net loss from continuing operations | -$6.4M | -$3.3M |
| Income from discontinued operations, net of income taxes | $449.0K | $35.2M |
| Net (loss) income | -$6.0M | $31.9M |
| Loss from continuing operations | -$1 | -$0 |
| Earnings from discontinued operations | $0 | $3 |
| Basic (loss) earnings per share | -$0.54 | $2.97 |
| Loss from continuing operations | -$1 | -$0 |
| Earnings from discontinued operations | $0 | $3 |
| Diluted (loss) income per share | -$0.54 | $2.90 |
| Basic | 11.1M shares | 10.7M shares |
| Diluted | 11.2M shares | 11.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $15.0M | $41.6M | ||
| Accounts receivable, net of allowance for credit losses of $23 and $13 as of December 31, 2025, and 2024, respectively | $3.1M | $7.8M | $9.0M | |
| Inventories | $6.3M | $6.1M | ||
| Prepaid expenses and other current assets | $1.1M | $1.1M | ||
| Total current assets | $25.5M | $56.7M | ||
| Property and equipment, net | $5.4M | $6.5M | ||
| Operating lease right-of-use assets, net | $1.1M | $530.0K | ||
| Financing lease right-of-use assets, net | $332.0K | $221.0K | ||
| Investments | $418.0K | $2.0M | $2.0M | |
| Lease receivable | $2.6M | |||
| Other assets | $44.0K | $40.0K | ||
| Total assets | $35.5M | $66.0M | ||
| Accounts payable and accrued liabilities | $3.7M | $4.5M | ||
| Current portion of operating lease liabilities, net | $223.0K | $244.0K | ||
| Current portion of financing lease liabilities, net | $123.0K | $109.0K | ||
| Deferred revenue | $791.0K | $991.0K | ||
| Consideration due to buyer | $3.3M | |||
| Income taxes payable | $4.1M | |||
| Dividend payable | $16.7M | |||
| Total current liabilities | $4.9M | $30.0M | ||
| Operating lease liabilities, non-current portion, net | $936.0K | $301.0K | ||
| Financing lease liabilities, non-current portion, net | $219.0K | $121.0K | ||
| Other long-term liabilities | $101.0K | $122.0K | ||
| Total liabilities | $6.1M | $30.5M | ||
| Common stock, $0.001 par value, 30,000,000 shares authorized; 11,095,266 and 11,120,266 shares issued and outstanding on December 31, 2025, and 2024, respectively | $11.0K | $11.0K | ||
| Additional paid-in capital | $35.3M | $35.4M | ||
| Accumulated deficit | -$6.0M | |||
| Total stockholders equity | $29.3M | $35.4M | $14.2M | |
| Total liabilities and stockholders equity | $35.5M | $66.0M | ||
| Allowance of credit losses | $23.0K | $13.0K | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 30.0M shares | 30.0M shares | ||
| Common stock, shares issued | 11.1M shares | 11.1M shares | ||
| Common stock, shares outstanding | 11.1M shares | 11.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $15.0M | $41.6M | ||
| Accounts receivable, net of allowance for credit losses of $23 and $13 as of December 31, 2025, and 2024, respectively | $3.1M | $7.8M | $9.0M | |
| Inventories | $6.3M | $6.1M | ||
| Prepaid expenses and other current assets | $1.1M | $1.1M | ||
| Total current assets | $25.5M | $56.7M | ||
| Property and equipment, net | $5.4M | $6.5M | ||
| Operating lease right-of-use assets, net | $1.1M | $530.0K | ||
| Financing lease right-of-use assets, net | $332.0K | $221.0K | ||
| Investments | $418.0K | $2.0M | $2.0M | |
| Lease receivable | $2.6M | |||
| Other assets | $44.0K | $40.0K | ||
| Total assets | $35.5M | $66.0M | ||
| Accounts payable and accrued liabilities | $3.7M | $4.5M | ||
| Current portion of operating lease liabilities, net | $223.0K | $244.0K | ||
| Current portion of financing lease liabilities, net | $123.0K | $109.0K | ||
| Deferred revenue | $791.0K | $991.0K | ||
| Consideration due to buyer | $3.3M | |||
| Income taxes payable | $4.1M | |||
| Dividend payable | $16.7M | |||
| Total current liabilities | $4.9M | $30.0M | ||
| Operating lease liabilities, non-current portion, net | $936.0K | $301.0K | ||
| Financing lease liabilities, non-current portion, net | $219.0K | $121.0K | ||
| Other long-term liabilities | $101.0K | $122.0K | ||
| Total liabilities | $6.1M | $30.5M | ||
| Common stock, $0.001 par value, 30,000,000 shares authorized; 11,095,266 and 11,120,266 shares issued and outstanding on December 31, 2025, and 2024, respectively | $11.0K | $11.0K | ||
| Additional paid-in capital | $35.3M | $35.4M | ||
| Accumulated deficit | -$6.0M | |||
| Total stockholders equity | $29.3M | $35.4M | $14.2M | |
| Total liabilities and stockholders equity | $35.5M | $66.0M | ||
| Allowance of credit losses | $23.0K | $13.0K | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 30.0M shares | 30.0M shares | ||
| Common stock, shares issued | 11.1M shares | 11.1M shares | ||
| Common stock, shares outstanding | 11.1M shares | 11.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -$6.0M | $31.9M |
| Depreciation | $1.0M | $716.0K |
| Amortization of right-of-use financing leases | $137.0K | $129.0K |
| Non cash lease expense | $228.0K | $224.0K |
| Change in allowance for credit losses | $120.0K | $35.0K |
| Stock-based compensation | $35.0K | $1.1M |
| Gain on sale of PCEP business | -$35.0M | |
| Loss attributable to equity method investee | $601.0K | |
| Write-off of costs related to contract settlement | $238.0K | |
| Loss on disposal of property and equipment | $112.0K | $177.0K |
| Selling profit on sales-type leases | -$1.3M | |
| Gain on change in consideration due to buyer | -$1.1M | |
| Accounts receivable, net | $4.8M | -$10.4M |
| Inventories | $193.0K | -$14.5M |
| Prepaid expenses and other assets | $603.0K | $4.6M |
| Assets held for sale | $14.3M | |
| Liabilities held for sale | -$9.5M | |
| Accounts payable, accrued liabilities and other liabilities | -$894.0K | $11.6M |
| Income taxes | -$4.1M | -$1.4M |
| Deferred revenue | -$200.0K | $684.0K |
| Operating lease liabilities | -$249.0K | -$748.0K |
| Net cash used in operating activities | -$5.8M | -$6.2M |
| Purchase of property and equipment | -$2.7M | -$3.8M |
| Proceeds from sale of PCEP business, net of transaction costs | $42.6M | |
| Payment of consideration payable | -$2.2M | |
| Dividend received from equity method investee | $981.0K | |
| Net cash (used in)/ provided by investing activities | -$3.9M | $38.9M |
| Net proceeds from the exercise of options for common stock | $519.0K | |
| Net proceeds from issuance of common stock | $5.0M | |
| Payment of cash dividend | -$16.7M | |
| Principal repayments of financing leases | -$136.0K | -$129.0K |
| Payments for tax withholding related to vesting of restricted stock units | -$148.0K | |
| Net cash (used in)/ provided by financing activities | -$16.9M | $5.4M |
| (Decrease) increase in cash | -$26.7M | $38.0M |
| Interest paid | $8.0K | $35.0K |
| Income taxes paid, net of refunds | $4.9M | $7.0K |
| Surrender and retirement of common stock | $344.0K | |
| Transfer from property and equipment to inventory | -$440.0K | |
| Sales-type lease origination | $2.9M | |
| Derecognition of assets in exchange for net investment in sales-type lease | -$1.5M | |
| Property and equipment obtained in exchange for accounts payable and accrued liabilities | -$96.0K | $272.0K |
| Finance lease ROU assets obtained in exchange for finance lease liabilities | $248.0K | |
| Operating lease ROU assets obtained in exchange for operating lease liabilities | $842.0K | $330.0K |
| Cash dividend declared | $16.7M |
No quarter-by-quarter statement was filed.
What it owns
What PIONEER POWER SOLUTIONS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $8.1M4 Dec 31, 2025 | $8.7M4 Dec 31, 2024 | −6.4% |
| Accumulated depreciation | $2.7M4 Dec 31, 2025 | $2.2M4 Dec 31, 2024 | +24.9% |
| Property and equipment, net | $5.4M4 Dec 31, 2025 | $6.5M4 Dec 31, 2024 | −17.0% |
| Finance-lease assets | $332.0K4 Dec 31, 2025 | $221.0K4 Dec 31, 2024 | +50.2% |
| Operating-lease assets (leased space) | $1.1M4 Dec 31, 2025 | $530.0K4 Dec 31, 2024 | +115.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $41.6M9 Dec 31, 2024 | $3.6M8 Dec 31, 2023 | +1062.0% |
| Long-term investments | $418.0K4 Dec 31, 2025 | $2.0M4 Dec 31, 2024 | −79.1% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $6.3M4 Dec 31, 2025 | $6.1M4 Dec 31, 2024 | +4.1% |
| Raw materials | $5.6M4 Dec 31, 2025 | $4.9M4 Dec 31, 2024 | +14.6% |
| Work in process | $702.0K4 Dec 31, 2025 | $1.2M4 Dec 31, 2024 | −39.9% |
Properties, in its own words
Approximate · Owned or
square · lease
The rest of Item 2
Location · Description · footage · expiration date
Champlin, Minnesota · Manufacturing, sales, service and warehouse · 16,000 · March 2031
Miami, Florida · Sales, service and warehouse · 3,600 · December 2029
Fort Lee, New Jersey · Corporate management and sales office · 2,700 · January 2029
We believe our facilities are well maintained, in proper condition to operate at higher than current levels and are adequately insured. We do not anticipate significant difficulty in renewing or extending existing leases as they expire, or in replacing them with equivalent facilities or office locations.
Item 2 of the 10-K filed Apr 8, 2026.3
Leadership
Who has led PIONEER POWER SOLUTIONS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerNathan Mazurek Sep 18, 2013 to now12
- ChairNathan Mazurek Sep 18, 2013 to Sep 18, 201312
- PresidentThomas Klink Oct 1, 2014 to Oct 1, 201513
- PresidentNathan Mazurek Sep 18, 2013 to Sep 18, 201312
- Chief financial officerWojciech Michalec Apr 20, 2020 to now14
- Chief financial officerThomas Klink Mar 14, 2016 to Apr 2, 202015
- Chief financial officerAndrew Minkow Sep 18, 2013 to Oct 1, 201516
Board members and other officers (9)
- OfficerThomas Klink Sep 18, 2013 to Sep 18, 201317
- Board memberKytchener Stevenson Whyte May 26, 2023 to now18
- Board memberNathan Mazurek Oct 2, 2014 to now19
- Board memberAndrew Minkow Sep 18, 2013 to Oct 1, 201516
- Board memberDavid J. Landes Sep 18, 2013 to Apr 4, 201812
- Board memberDavid Tesler Sep 18, 2013 to now20
- Board memberJonathan Tulkoff Sep 18, 2013 to now21
- Board memberThomas Klink Sep 18, 2013 to now17
- Board memberYossi Cohn Sep 18, 2013 to now22
Former names
- SIERRA CONCEPTS, INC.Nov 14, 2008 to Nov 17, 20092
Timeline
- Aug 17, 20268-K Results of operations23
- May 18, 20268-K Results of operations24
- May 18, 20268-K Regulation FD disclosure25
- Apr 8, 20268-K Results of operations26
- Feb 24, 20268-K Regulation FD disclosure27
- Nov 13, 20258-K Results of operations; Executive or director change; Shareholder vote28
- Aug 14, 20258-K Results of operations29
- Jun 24, 20258-K Regulation FD disclosure30
- May 15, 20258-K Results of operations31
- Apr 15, 20258-K Results of operations32
- Feb 19, 20258-K Results of operations33
- Dec 6, 20248-K Executive or director change; Shareholder vote34
- Sep 18, 2013New chief executive Nathan Mazurek becomes CEO12
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.16) a share, on Nov 13, 2025.35
When it reported results
- Aug 17, 2026Reported quarterly or annual results23
- May 18, 2026Reported quarterly or annual results24
- Apr 8, 2026Reported quarterly or annual results26
- Nov 13, 2025Reported quarterly or annual results28
- Aug 14, 2025Reported quarterly or annual results29
- May 15, 2025Reported quarterly or annual results31
- Apr 15, 2025Reported quarterly or annual results32
- Feb 19, 2025Reported quarterly or annual results33
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
157 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 53 insider forms, 30 other. The latest 20:
- Sep 22, 2026ARS EDGAR
- Sep 22, 2026DEFA14A EDGAR
- Sep 22, 2026DEF 14A EDGAR
- Sep 10, 2026EFFECT EDGAR
- Sep 3, 2026S-3 EDGAR
- Aug 17, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- May 18, 20268-K EDGAR
- May 18, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- Apr 8, 20268-K EDGAR
- Apr 8, 202610-K EDGAR
- Apr 1, 2026NT 10-K EDGAR
- Mar 3, 20264 EDGAR
- Feb 24, 20268-K EDGAR
- Nov 20, 20254 EDGAR
- Nov 14, 202510-Q EDGAR
- Nov 13, 20258-K EDGAR
- Sep 30, 2025ARS EDGAR
- Sep 30, 2025DEFA14A EDGAR
The 157 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
7 open-market trades by officers, directors and large owners since October 2021: 4 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 18, 2025 | MAZUREK NATHANChief Executive Officer | Buy | 10,000 | $3.39 | $33.9K | Form 4 |
| Dec 20, 2024 | Michalec WojciechChief Financial Officer | Sale | 13,040 | $4.09 | $53.3K | Form 4 |
| Dec 19, 2024 | Michalec WojciechChief Financial Officer | Sale | 1,960 | $4.12 | $8.1K | Form 4 |
| Dec 4, 2024 | Ross IanDirector | Sale | 1,000 | $6.01 | $6.0K | Form 4 |
| Sep 12, 2023 | MAZUREK NATHANChief Executive Officer | Buy | 10,000 | $6.09 | $60.9K | Form 4 |
| Dec 13, 2022 | MAZUREK NATHANChief Executive Officer | Buy | 10,000 | $2.73 | $27.3K | Form 4 |
| Jun 13, 2022 | MAZUREK NATHANChief Executive Officer | Buy | 2,500 | $3.34 | $8.3K | Form 4 |
From Forms 4 filed with the SEC.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Nathan J. Mazurek | 64 | $675.5K | $687.5K36 |
| 2025 | Walter Michalec (ii) | 38 | $325.0K | $353.0K36 |
| 2024 | PresidentChief Executive Officer, Chairman of the Board of Directors | $650.5K | $2.7M36 | |
| 2024 | Chief Financial OfficerSecretary, and Treasurer | $300.0K | $760.0K36 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 35. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 195,788 | $771.4K | 0.0% | −349 |
| Spectrum Investment Advisors, Inc. | 137,500 | $541.8K | 0.2% | No change |
| Renaissance Technologies LLC | 126,488 | $498.4K | 0.0% | +62,288 |
| Geode Capital Management, LLC | 116,631 | $459.6K | 0.0% | +1,250 |
| Jane Street Group, LLC | 114,403 | $450.7K | 0.0% | New |
| Susquehanna International Group, Llp | 80,369 | $316.7K | 0.0% | +24,778 |
| Dimensional Fund Advisors LP | 80,092 | $315.6K | 0.0% | +2,869 |
| Citadel Advisors LLC | 70,794 | $278.9K | 0.0% | New |
| BlackRock, Inc. | 59,974 | $236.3K | 0.0% | +31,300 |
| Vanguard Fiduciary Trust Co | 48,231 | $190.0K | 0.0% | +12,639 |
| State Street Corp | 34,028 | $134.1K | 0.0% | No change |
| XTX Topco Ltd | 27,432 | $108.1K | 0.0% | +5,698 |
| James Investment Research, Inc. | 21,786 | $85.8K | 0.0% | No change |
| NewEdge Advisors, LLC | 21,786 | $85.8K | 0.0% | No change |
| Sage Capital Management, LLC | 21,000 | $82.7K | 0.0% | No change |
| Northern Trust Corp | 20,974 | $82.6K | 0.0% | +6,505 |
| Stratos Wealth Advisors, LLC | 20,800 | $82.0K | 0.0% | +3,500 |
| Legacy Advisors, LLC | 16,025 | $63.1K | 0.0% | No change |
| Smith, Moore & Co. | 13,000 | $51.2K | 0.0% | No change |
| Simplex Trading, LLC | 12,751 | $50.2K | 0.0% | +12,401 |
| UBS Group AG | 12,523 | $49.3K | 0.0% | New |
| Pekin Hardy Strauss, Inc. | 10,000 | $39.4K | 0.0% | New |
| Rockefeller Capital Management L.P. | 10,000 | $39.4K | 0.0% | No change |
| Morgan Stanley | 7,740 | $30.5K | 0.0% | No change |
| Osaic Holdings, Inc. | 1,076 | $4.2K | 0.0% | −5 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How PIONEER POWER SOLUTIONS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPIONEER POWER SOLUTIONS, INC.1
- CIK0001449792
- Employer ID (EIN)27-13476163
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address400 Kelby Street, 12Th Floor, Fort Lee, NJ 070241
- Phone212-867-07001
- Shares outstanding11,099,266 as of Aug 13, 202611
- Public float$23.7M as of Jun 30, 20253
- AuditorBDO USA, P.C, New York, NY PCAOB ID 243; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceNov 14, 20081
- Filings503 in all: 8-K (146), 4 (111), 10-Q (53), 10-K (18), SC 13G/A (17), DEF 14A (13), EFFECT (12), UPLOAD (12)1
All 41 form types
3 (11), CORRESP (11), S-1/A (9), D (7), NT 10-K (7), 424B3 (6), 8-K/A (6), DEFA14A (6), 10-Q/A (5), POS AM (5), SC 13G (5), ARS (4), CT ORDER (4), NT 10-Q (4), S-1 (4), S-3 (4), 424B5 (3), CERTNAS (3), 8-A12B (2), S-8 (2), 10-K/A (1), 144 (1), 424B4 (1), 8-A12B/A (1), D/A (1), DEFA14C (1), DEFM14C (1), PREM14C (1), PRER14C (1), RW (1), S-1MEF (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Apr 8, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Sep 22, 2026
Latest 8-K (8-K) Aug 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.001 per share | PPSI | Nasdaq |
From the cover page of the 10-K filed Apr 8, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks PIONEER POWER SOLUTIONS, INC. names in Item 1A of its 10-K filed Apr 8, 2026: 31 risks under these headings, as written.3
- Risks Relating to Our Business and Industry
- We have identified material weaknesses in our internal control over financial reporting which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
- Failure to establish and maintain effective internal control over financial reporting may result in us not being able to accurately report our financial results, which could result in a loss of investor confidence and adversely affect the market price of our common stock.
- Our operating results may vary significantly from quarter to quarter, which makes our operating results difficult to predict and can cause our operating results in any particular period to be less than comparable quarters and expectations from time to time.
- Our industry is highly competitive.
- A significant portion of our revenues have historically been and continue to be concentrated and derived from a few customers. Material or significant loss of business from customers could have an adverse effect on our business, financial condition and operating results.
- Our Critical Power business has historically generated operating losses and negative cash flows, which may result in the usage of our cash.
- Our operations have been curtailed following the PCEP Sale, and we have limited sources of revenue following such sale, which may negatively impact the value and liquidity of our common stock.
- The departure or loss of key personnel could disrupt our business.
- Fluctuations in the price and supply of materials used to manufacture our products may reduce our profits.
- We may not be able to fully realize the revenue value reported in our backlog.
- We are subject to pricing pressure from our larger customers.
The other 20 risks
- Deterioration in the credit quality of several major customers could have a material adverse effect on our operating results and financial condition.
- We rely on third parties for key elements of our business whose operations are outside our control.
- Supply chain and shipping disruptions may result in shipping delays, a significant increase in shipping costs, and could increase product costs and result in lost sales and reputational damage, which may have a material adverse effect on our business, operating results and financial condition.
- Our business may face cybersecurity risk generally associated with our information technology systems which could materially affect our business, and our results of operations could be materially affected if our information technology systems (or third-party systems we rely on) are interrupted, damaged by unforeseen events, or fail for any extended period of time.
- Our business requires skilled labor, and we may be unable to attract and retain qualified employees.
- Demand for Edge AI infrastructure, data centers, and distributed energy solutions may not develop as expected or increase demand for our solutions.
- Risks Relating to Our Organization
- Delaware law and our corporate charter and bylaws contain anti-takeover provisions that could delay or discourage takeover attempts that stockholders may consider favorable.
- General Risk Factors
- Our stock price may be volatile, which could result in substantial losses for investors.
- Our risk management activities may leave us exposed to unidentified or unanticipated risks.
- Regulatory, environmental, monetary and other governmental policies could have a material adverse effect on our profitability.
- Global, market and economic conditions may negatively impact our business, financial condition and stock price.
- We face risks associated with litigation and claims, which could impact our financial results and condition.
- Offers or availability for sale of a substantial number of shares of our common stock may cause the price of our common stock to decline.
- We are subject to financial reporting and other requirements for which our accounting, internal audit and other management systems and resources may not be adequately prepared.
- There are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.
- Any acquisitions that we have completed, or may complete in the future, may not perform as planned and could disrupt our business and harm our financial condition and operations.
- The success of our business depends on achieving our strategic objectives, including dispositions.
- If we do not conduct an adequate due diligence investigation of a target business that we acquire, we may be required subsequently to take write downs or write-offs, restructuring, and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our stock price, which could cause you to lose some or all of your investment.
- We may be unable to generate internal growth.
- In the event that we fail to satisfy any of the listing requirements of the Nasdaq Capital Market, our common stock may be delisted, which could affect our market price and liquidity.
Legal proceedings
From time to time, we may become involved in lawsuits, investigations and claims that arise in the ordinary course of business. As of the date hereof, we are not aware of or a party to any legal proceedings to which we or our subsidiary is a party or to which any of our property is subject, nor are we aware of any such threatened or pending litigation or any such proceedings known to be contemplated by governmental authorities that we believe could have a material adverse effect on our business, financial condition or operating results.
We can give no assurance that any lawsuits or claims brought in the future will not have an adverse effect on our financial condition, liquidity or operating results.
We are not aware of any material proceedings in which any of our directors, officers or affiliates or any registered or beneficial shareholder of more than 5% of our common stock is an adverse party or has a material interest adverse to our interest.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARThomas Klink, President
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- 17SEC EDGARThomas Klink, Officer
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- 19SEC EDGARNathan Mazurek, Board member
- 20SEC EDGARDavid Tesler, Board member
- 21SEC EDGARJonathan Tulkoff, Board member
- 22SEC EDGARYossi Cohn, Board member
- 23SEC EDGARResults of operations
- 24SEC EDGARResults of operations
- 25SEC EDGARRegulation FD disclosure
- 26SEC EDGARResults of operations
- 27SEC EDGARRegulation FD disclosure
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- 29SEC EDGARResults of operations
- 30SEC EDGARRegulation FD disclosure
- 31SEC EDGARResults of operations
- 32SEC EDGARResults of operations
- 33SEC EDGARResults of operations
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- 35NasdaqNasdaq calendar
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