Power Solutions International, Inc. (PSIX) Income Statement
PSIX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPSIX revenue and net income
Where PSIX's revenue goes
2025Each bar shows an amount and its share of revenue. PSIX kept 15.8% of revenue as net income.
PSIX profit margins
PSIX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +51.8% | +14.5% | +11.6% | +6.4% |
| Gross profit | +30.7% | +27.5% | +25.7% | +11.3% |
| Operating income | +34.4% | +64.6% | — | +28.1% |
| Net income | +64.5% | +116.3% | — | +23.1% |
| EPS (diluted) | +76.9% | +93.1% | — | +28.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PSIX quarterly EPS vs estimates
Power Solutions International beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.93).
PSIX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $722.4M | $476.0M | $459.0M | $481.3M | $456.3M | $417.6M | $546.1M | $416.6M | $416.6M | $339.5M |
| Cost of revenue | $538.7M | $335.4M | $353.1M | $392.8M | $415.0M | $359.2M | $446.2M | $365.6M | $365.6M | $310.3M |
| Gross profit | $183.7M | $140.5M | $105.9M | $88.6M | $41.3M | $58.4M | $99.9M | $51.0M | $51.0M | $29.2M |
| Research & development | $18.2M | $20.1M | $19.5M | $18.9M | $22.4M | $25.4M | $24.9M | $19.9M | $19.9M | $19.0M |
| Sales, general & admin | $55.8M | $37.4M | $41.1M | $42.9M | $57.9M | $51.7M | $54.1M | $59.6M | $44.3M | $28.5M |
| Total operating expenses | $74.0M | $58.9M | $61.6M | $64.0M | $82.8M | $80.2M | $82.7M | $69.0M | $69.0M | $53.2M |
| Operating income | $109.7M | $81.6M | $44.3M | $24.6M | −$41.6M | −$21.7M | $17.2M | −$18.0M | −$18.0M | −$25.3M |
| Interest expense | $6.7M | $11.4M | $17.1M | $13.0M | $7.3M | $5.7M | $7.9M | $10.8M | $0 | $11.2M |
| Income before taxes | $103.4M | $70.2M | $27.2M | $11.6M | −$48.9M | −$26.7M | $8.7M | −$47.2M | −$47.2M | −$35.9M |
| Income taxes | −$10.6M | $922,000 | $900,000 | $304,000 | −$406,000 | −$3.7M | $409,000 | $443,000 | $443,000 | $11.6M |
| Net income | $114.0M | $69.3M | $26.3M | $11.3M | −$48.5M | −$23.0M | $8.2M | −$47.6M | −$47.6M | −$47.5M |
| EBITDA | $115.5M | $86.8M | $49.9M | $31.3M | −$34.2M | −$12.8M | $25.3M | −$26.9M | −$26.9M | −$14.3M |
| EPS (diluted) | $4.97 | $2.81 | $1.17 | $0.69 | −$1.21 | −$1.20 | $0.36 | −$2.94 | −$7.83 | −$1.16 |
| Gross margin | 25.4% | 29.5% | 23.1% | 18.4% | 9.0% | 14.0% | 18.3% | 12.2% | 12.2% | 8.6% |
| Operating margin | 15.2% | 17.2% | 9.6% | 5.1% | −9.1% | −5.2% | 3.2% | −4.3% | −4.3% | −7.5% |
| Net margin | 15.8% | 14.6% | 5.7% | 2.3% | −10.6% | −5.5% | 1.5% | −11.4% | −11.4% | −14.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $152.5M | $128.6M | $191.2M | $203.8M | $191.9M | $135.4M | $144.3M | $215.3M | $110.6M | $95.2M | $104.8M | $115.9M |
| Cost of revenue | $111.2M | $99.4M | $149.7M | $155.4M | $138.1M | $95.5M | $101.1M | $178.8M | $75.8M | $69.8M | $77.7M | $88.0M |
| Gross profit | $41.4M | $29.2M | $41.5M | $48.4M | $53.8M | $40.0M | $43.2M | $36.4M | $34.8M | $25.4M | $27.1M | $27.9M |
| Research & development | $5.1M | $4.8M | $4.5M | $4.8M | $4.6M | $4.2M | $5.2M | $4.7M | $5.0M | $5.2M | $5.4M | $4.8M |
| Sales, general & admin | $12.1M | $13.0M | $12.8M | $15.3M | $16.7M | $11.1M | $12.4M | $11.0M | $4.5M | $9.5M | $9.3M | $10.6M |
| Total operating expenses | $17.4M | $17.8M | $17.3M | $20.0M | $21.3M | $15.4M | $18.0M | $16.0M | $9.5M | $14.7M | $14.8M | $15.8M |
| Operating income | $23.9M | $11.4M | $24.2M | $28.4M | $32.5M | $24.6M | $25.2M | $20.5M | $25.3M | $10.7M | $12.3M | $12.1M |
| Interest expense | $1.6M | $1.7M | $1.6M | $1.6M | $1.7M | $1.8M | $2.4M | $2.8M | $2.9M | $3.3M | $3.6M | $4.2M |
| Income before taxes | $22.5M | $9.7M | $22.7M | $26.7M | $31.1M | $22.9M | $22.8M | $17.6M | $22.4M | $7.3M | $8.7M | $7.9M |
| Income taxes | $5.6M | $2.4M | $6.6M | −$876,000 | −$20.1M | $3.8M | −$451,000 | $277,000 | $895,000 | $201,000 | $369,000 | $153,000 |
| Net income | $16.9M | $7.3M | $16.1M | $27.6M | $51.2M | $19.1M | $23.3M | $17.3M | $21.5M | $7.1M | $8.4M | $7.8M |
| EBITDA | $25.7M | $13.2M | $25.7M | $29.8M | $34.1M | $25.9M | $26.5M | $21.7M | $26.7M | $12.0M | $13.7M | $13.5M |
| EPS (diluted) | $0.76 | $0.36 | $0.71 | $1.20 | $2.23 | $0.83 | $1.03 | $0.75 | $0.72 | $0.31 | $0.34 | $0.39 |
| Gross margin | 27.1% | 22.7% | 21.7% | 23.7% | 28.0% | 29.5% | 29.9% | 16.9% | 31.5% | 26.7% | 25.9% | 24.1% |
| Operating margin | 15.7% | 8.9% | 12.7% | 13.9% | 16.9% | 18.2% | 17.5% | 9.5% | 22.9% | 11.2% | 11.8% | 10.5% |
| Net margin | 11.1% | 5.7% | 8.4% | 13.5% | 26.7% | 14.1% | 16.1% | 8.1% | 19.5% | 7.5% | 8.0% | 6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PSIX's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PSIX financial results
In fiscal year 2025 (ended December 31, 2025), Power Solutions International reported revenue of $722.4 million, up 51.8% from the year before. It had net income of $114.0 million (up 64.5%), a net profit margin of 15.8%. Diluted earnings per share came to $4.97. Over five years revenue grew at an average rate of 11.6% a year.
See the PSIX stock overview for the latest quote and news, or the PSIX chart for price history and technical indicators.
PSIX income statement FAQ
What is Power Solutions International's annual revenue?
Power Solutions International reported total revenue of $722.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 51.8% from $476.0 million the previous year.
Is Power Solutions International profitable?
Yes. Power Solutions International reported net income of $114.0 million in fiscal 2025, a net profit margin of 15.8%; its operating margin was 15.2%.
What is Power Solutions International's gross margin?
Power Solutions International's gross margin was 25.4% in fiscal 2025: for every $100 of revenue, Power Solutions International kept $25 after the direct cost of its products and services.
How much does Power Solutions International spend on research and development?
Power Solutions International spent $18.2 million on research and development in fiscal 2025, 2.5% of revenue.
How fast is Power Solutions International growing?
Revenue grew 11.6% a year on average over the last five fiscal years, from $417.6 million to $722.4 million.
What are Power Solutions International's earnings per share?
Power Solutions International earned $4.97 per diluted share in fiscal 2025, compared with $2.81 a year earlier.
When will Power Solutions International report its next earnings?
Power Solutions International is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Power Solutions International's fiscal year end?
Power Solutions International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.