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How Pioneer Power Solutions (PPSI) makes money

Pioneer Power Solutions (PPSI) made $4.7M of revenue in the second quarter 2026 (Q2 2026), -27% from a year earlier. Product brought in $2.5M (54%); Service brought in $2.2M (46%).

Drawing the Sankey…

Pioneer Power Solutions revenue by segment, Q2 2026Pioneer Power Solutions revenue by segment, Q2 2026Product$2.5MService$2.2M
Pioneer Power Solutions: revenue by line, Q3 2025 to Q2 2026Pioneer Power Solutions: revenue by line, Q3 2025 to Q2 2026ProductServiceTotal RevenueFixed Lease RevenueProduct: $2.5M latest$2.5MService: $2.2M latest$2.2MTotal Revenue: $0 latestFixed Lease Revenue: $0 latestQ3 2025Q4 2025Q1 2026Q2 2026
Service went from 41% of revenue in Q3 2025 to 46% in Q2 2026, the largest shift in the mix.
Pioneer Power Solutions revenue by quarterPioneer Power Solutions revenue by quarter$6.7MQ1 2025$8.4MQ2 2025$6.9MQ3 2025$5.6MQ4 2025$4.0MQ1 2026$4.7MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product$2.5M53.7%+59%-40%
Service$2.2M46.3%-10%-5%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$4.7M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$4.7M-28%
Q1 2026$4.0M-36%
Q4 2025$5.6M-42%
Q3 2025$6.9M+7%
Q2 2025$8.4M+146%
Q1 2025$6.7M+103%

From Pioneer Power Solutions' 10-Q filed Aug 14, 2026 (on EDGAR).

Questions

How does Pioneer Power Solutions make money?

Pioneer Power Solutions (PPSI) made $4.7M of revenue in the second quarter 2026 (Q2 2026), -27% from a year earlier. Product brought in $2.5M (54%); Service brought in $2.2M (46%).

What is Pioneer Power Solutions' biggest business?

Product: $2.5M in the second quarter 2026, 54% of revenue, -40% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.