Filing Flows › Pioneer Power Solutions (PPSI) › Q1 2026 › vs Q4 2025
Pioneer Power Solutions (PPSI) Q1 2026 vs Q4 2025 (quarter over quarter)
Pioneer Power Solutions's revenue fell $1.6M (-29%) from $5.6M in Q4 2025 to $4.0M in Q1 2026. The biggest changes: Service +$565K (+31%); Product −$510K (-24%).
Pioneer Power Solutions, Q1 2026: revenue $4.0M (-36% year over year), operating margin -50.4%, net loss $2.5M, operating cash flow −$887K. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Service | $2.4M | $1.9M | $565K | +31% |
| Product | $1.6M | $2.1M | −$510K | -24% |
| Revenue | $4.0M | $5.6M | −$1.6M | -29% |
| Net loss | $2.5M | $1.4M | $1.1M | +80% |
| Costs & expenses | $6.5M | $7.0M | −$503K | -7% |
| Operating costs | $6.0M | $6.7M | −$692K | -10% |
| Interest & other, net | $488K | $294K | $194K | +66% |
| Cost of revenue | $3.4M | $4.3M | −$877K | -20% |
| Research & development | $156K | $149K | $7K | +5% |
| SG&A | $2.4M | $2.3M | $178K | +8% |
| Operating cash sources | $2.5M | $1.4M | $1.1M | +80% |
| Depreciation | $265K | $274K | −$9K | -3% |
| Share-based compensation | $10K | $10K | $0 | 0% |
| Working capital & other | $1.3M | $70K | $1.3M | 19× |
| Cash used in operations | $887K | $1.0M | −$151K | -15% |
| Net loss absorbed | $2.5M | $1.4M | $1.1M | +80% |
Questions
How much did Pioneer Power Solutions's revenue grow quarter over quarter in Q1 2026?
Pioneer Power Solutions's revenue fell $1.6M (-29%) from $5.6M in Q4 2025 to $4.0M in Q1 2026.
What drove Pioneer Power Solutions's revenue change in Q1 2026?
Service +$565K (+31%); Product −$510K (-24%).