PSIX POWER SOLUTIONS INTERNATIONAL, INC.

Overview and Growth

In fiscal 2025, POWER SOLUTIONS INTERNATIONAL, INC. recorded $722.40M of revenue, net income of $113.99M, and an operating cash inflow of $24.11M. Revenue of $722.40M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 51.8% above fiscal 2024 revenue of $475.97M, marking a year-over-year increase. On a per-share basis, diluted EPS was $4.94, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $3.01 in fiscal 2024, the current result was 64.1% higher. The company employed $424.75M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 1.7x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $184.90M as gross profit before recognizing operating expenses and other items. Gross margin was 25.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $109.71M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 15.2%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $113.99M for the fiscal year. The final earnings result represented 15.8% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $103.36M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 14.3% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported tax benefit was $10.62M, favorably bridging the pretax and after-tax results. Relative to positive pretax income, the tax benefit measured 10.3%. Return on period-end equity was 63.8%, relating annual net income to the equity capital on the balance sheet. Net income represented 26.8% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

Total assets were $424.75M, supported by $246.14M of liabilities and $178.61M of shareholder equity. Current assets were $290.92M against $92.28M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 3.15x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $41.25M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 44.7% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $38.00K of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.0x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 0.0%, showing how much of the asset base was matched by borrowing. Liabilities represented 57.9% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 9.7%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 29.4% from $328.18M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 173.7% from $65.25M in fiscal 2024, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $24.11M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.21x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.