Filing Flows › Power Solutions International (PSIX) › Q4 2025
Power Solutions International (PSIX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Power Solutions International (PSIX) reported revenue of $191M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and -6% from the quarter before. Operating margin was 12.7%, net earnings $16.1M (8.4% of revenue).
Power Solutions International, Q4 2025: revenue $191M (+32% year over year), operating margin 12.7%, net earnings $16.1M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | -6% | +33% |
| Gross profit | $41.8M | -14% | -3% |
| Operating profit | $24.2M | -15% | -4% |
| Net earnings | $16.1M | -42% | -31% |
| Operating cash flow | −$4.6M | -242% | — |
What changed
Revenue was $191.2M in Q4 2025, up 33% year over year and down 6% from the previous quarter. Power Systems was the largest line at 80% of revenue.
Gross margin was 21.9%, down 8.1 points from a year earlier. Operating profit was $24.2M, a 12.7% margin (down 4.8 points year over year). Operating profit fell $946K even though revenue rose $46.9M versus a year earlier, so costs grew faster than sales. Operating expenses fell 2% while revenue rose 33%. Net earnings were $16.1M, down 31% year over year. The effective tax rate was 29.1%.
Operating cash flow was −$4.6M. Non-cash charges added back $1.4M of depreciation and amortization and $101K of share-based compensation. Working capital and other items used $22.2M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$7.6M.
Questions
What was Power Solutions International's revenue in the fourth quarter 2025?
Power Solutions International (PSIX) reported revenue of $191M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and -6% from the quarter before.
Was Power Solutions International profitable in the fourth quarter 2025?
Operating profit was $24.2M (12.7% of revenue) and net earnings $16.1M.