Filing Flows › Power Solutions International (PSIX) › Q1 2025
Power Solutions International (PSIX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Power Solutions International (PSIX) reported revenue of $135M for the first quarter 2025 (Q1 2025), +42% from a year earlier and -6% from the quarter before. Operating margin was 18.2%, net earnings $19.1M (14.1% of revenue).
Power Solutions International, Q1 2025: revenue $135M (+42% year over year), operating margin 18.2%, net earnings $19.1M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | -6% | +42% |
| Gross profit | $40.3M | -7% | +56% |
| Operating profit | $24.6M | -2% | +131% |
| Net earnings | $19.1M | -18% | +168% |
| Operating cash flow | $8.8M | -73% | -44% |
| Free cash flow | $5.4M | -82% | -63% |
What changed
Revenue was $135.4M in Q1 2025, up 42% year over year and down 6% from the previous quarter. Power Systems was the largest line at 79% of revenue. Power Systems added $44.7M year over year (up 72%), 111% of the total change. Industrial declined 18%.
Gross margin was 29.7%, up 2.7 points from a year earlier. Operating profit was $24.6M, a 18.2% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 11% margin then. Operating expenses grew 4% against revenue growth of 42%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $19.1M, up 168% year over year. The effective tax rate was 16.6%.
Operating cash flow was $8.8M (down 44% year over year), 46% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $153K of share-based compensation. Working capital and other items used $11.7M. Capital expenditures of $3.4M left free cash flow of $5.4M.
Questions
What was Power Solutions International's revenue in the first quarter 2025?
Power Solutions International (PSIX) reported revenue of $135M for the first quarter 2025 (Q1 2025), +42% from a year earlier and -6% from the quarter before.
Was Power Solutions International profitable in the first quarter 2025?
Operating profit was $24.6M (18.2% of revenue) and net earnings $19.1M.