PSIX on Nasdaq
POWER SOLUTIONS INTERNATIONAL, INC.
American engines and turbines company based in Wood Dale, active since 2011.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with China Yuchai International, BWX Technologies or Capstone Energy Plus, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Energy End Market brought in 81% of the revenue POWER SOLUTIONS INTERNATIONAL, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Energy End Market | $325.7M | $586.3M |
| Industrial End Market | $123.3M | $114.8M |
| Transportation End Market | $26.9M | $21.3M |
Regions
United States brought in 93% of the revenue POWER SOLUTIONS INTERNATIONAL, INC. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $419.7M | $675.2M |
| Pacific Rim | $24.7M | $22.3M |
| North America, Excluding United States | $24.5M | $21.3M |
| Europe | $7.1M | $3.4M |
| Other Geographical Areas | $53.0K | $259.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue74¢$537.5M
- Research and development3¢$18.2M
- Other costs6¢$42.1M
- Income tax1¢$10.6M
- Profit16¢$114.0M
Out of $722.4M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$24.1M
Out of $24.1M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cost of sales (derived from related party net sales $863 and $1,304 for the year ended December 31, 2025 and 2024, respectively) | $537.5M | $335.4M |
| Gross profit | $184.9M | $140.5M |
| Research and development expenses | $18.2M | $20.1M |
| Selling, general and administrative expenses | $55.8M | $37.4M |
| Amortization of intangible assets | $1.2M | $1.5M |
| Total operating expenses | $75.2M | $58.9M |
| Operating income | $109.7M | $81.6M |
| Interest expense (from related parties $634 and $6,998 for the year ended December 31, 2025 and 2024, respectively) | $6.7M | $11.4M |
| Other expense (income) | -$352.0K | $0 |
| Total other expense, net | $6.3M | $11.4M |
| Income before income taxes | $103.4M | $70.2M |
| Income tax (benefit) expense | -$10.6M | $922.0K |
| Net income | $114.0M | $69.3M |
| Basic (in shares) | 23.0M shares | 23.0M shares |
| Diluted (in shares) | 23.1M shares | 23.0M shares |
| Basic (in dollars per share) | $4.95 | $3.01 |
| Diluted (in dollars per share) | $4.94 | $3.01 |
| Net sales to related party | $722.4M | $476.0M |
| Related parties amount in cost of sales | $863.0K | $1.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $41.2M | $55.3M | |
| Restricted cash | $3.7M | $3.2M | |
| Income tax receivable | $6.4M | $986.0K | |
| Inventories, net | $127.4M | $93.9M | |
| Prepaid expenses | $4.5M | $6.4M | |
| Contract assets | $16.0M | $21.5M | $15.6M |
| Other current assets | $1.3M | $4.2M | |
| Total current assets | $290.9M | $254.3M | |
| Property, plant and equipment, net | $23.0M | $15.4M | |
| Operating lease right-of-use assets, net | $52.9M | $23.3M | |
| Intangible assets, net | $1.2M | $2.5M | |
| Goodwill | $29.8M | $29.8M | |
| Deferred tax assets | $13.3M | $0 | |
| Customs-related deposits | $12.9M | $2.5M | |
| Other noncurrent assets | $614.0K | $374.0K | |
| TOTAL ASSETS | $424.7M | $328.2M | |
| Accounts payable (to related parties $4,126 and $14,427 as of December 31, 2025 and 2024, respectively) | $48.2M | $58.2M | |
| Current maturities of long-term debt | $28.0K | $52.0K | |
| Revolving line of credit, current | $0 | $95.0M | |
| Finance lease liability, current | $355.0K | $78.0K | |
| Operating lease liability, current | $6.3M | $4.5M | |
| Other short-term financing (to related parties $25,000 as of December 31, 2024) | $0 | $25.0M | |
| Total current liabilities | $92.3M | $227.6M | |
| Deferred tax liabilities | $0 | $1.6M | |
| Long-term debt, net of current maturities | $10.0K | $38.0K | |
| Revolving line of credit, long-term | $95.0M | $0 | |
| Finance lease liability, long-term | $1.2M | $16.0K | |
| Operating lease liability, long-term | $49.4M | $20.7M | |
| Noncurrent contract liabilities | $1.7M | $1.9M | $2.4M |
| Other noncurrent liabilities | $6.5M | $11.2M | |
| TOTAL LIABILITIES | $246.1M | $262.9M | |
| Common stock $0.001 par value; 50,000 shares authorized; 23,117 shares issued; 23,041 and 23,000 shares outstanding at December 31, 2025 and 2024, respectively | $23.0K | $23.0K | |
| Additional paid-in capital | $157.6M | $157.6M | |
| Retained earnings (accumulated deficit) | $22.5M | -$91.5M | |
| Treasury stock, at cost, 76 and 117 shares at December 31, 2025 and 2024, respectively | -$1.5M | -$823.0K | |
| TOTAL STOCKHOLDERS EQUITY | $178.6M | $65.2M | -$3.9M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $424.7M | $328.2M | |
| Accounts receivable allowance | $967.0K | $1.9M | |
| Accounts receivable, net of allowances | $90.4M | $69.0M | |
| Other accrued liabilities | $37.4M | $44.7M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in shares) | 23.1M shares | 23.1M shares | |
| Common stock, shares outstanding (in shares) | 23.0M shares | 23.0M shares | |
| Treasury stock (in shares) | 76.0K shares | 117.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $41.2M | $55.3M | |
| Restricted cash | $3.7M | $3.2M | |
| Income tax receivable | $6.4M | $986.0K | |
| Inventories, net | $127.4M | $93.9M | |
| Prepaid expenses | $4.5M | $6.4M | |
| Contract assets | $16.0M | $21.5M | $15.6M |
| Other current assets | $1.3M | $4.2M | |
| Total current assets | $290.9M | $254.3M | |
| Property, plant and equipment, net | $23.0M | $15.4M | |
| Operating lease right-of-use assets, net | $52.9M | $23.3M | |
| Intangible assets, net | $1.2M | $2.5M | |
| Goodwill | $29.8M | $29.8M | |
| Deferred tax assets | $13.3M | $0 | |
| Customs-related deposits | $12.9M | $2.5M | |
| Other noncurrent assets | $614.0K | $374.0K | |
| TOTAL ASSETS | $424.7M | $328.2M | |
| Accounts payable (to related parties $4,126 and $14,427 as of December 31, 2025 and 2024, respectively) | $48.2M | $58.2M | |
| Current maturities of long-term debt | $28.0K | $52.0K | |
| Revolving line of credit, current | $0 | $95.0M | |
| Finance lease liability, current | $355.0K | $78.0K | |
| Operating lease liability, current | $6.3M | $4.5M | |
| Other short-term financing (to related parties $25,000 as of December 31, 2024) | $0 | $25.0M | |
| Total current liabilities | $92.3M | $227.6M | |
| Deferred tax liabilities | $0 | $1.6M | |
| Long-term debt, net of current maturities | $10.0K | $38.0K | |
| Revolving line of credit, long-term | $95.0M | $0 | |
| Finance lease liability, long-term | $1.2M | $16.0K | |
| Operating lease liability, long-term | $49.4M | $20.7M | |
| Noncurrent contract liabilities | $1.7M | $1.9M | $2.4M |
| Other noncurrent liabilities | $6.5M | $11.2M | |
| TOTAL LIABILITIES | $246.1M | $262.9M | |
| Common stock $0.001 par value; 50,000 shares authorized; 23,117 shares issued; 23,041 and 23,000 shares outstanding at December 31, 2025 and 2024, respectively | $23.0K | $23.0K | |
| Additional paid-in capital | $157.6M | $157.6M | |
| Retained earnings (accumulated deficit) | $22.5M | -$91.5M | |
| Treasury stock, at cost, 76 and 117 shares at December 31, 2025 and 2024, respectively | -$1.5M | -$823.0K | |
| TOTAL STOCKHOLDERS EQUITY | $178.6M | $65.2M | -$3.9M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $424.7M | $328.2M | |
| Accounts receivable allowance | $967.0K | $1.9M | |
| Accounts receivable, net of allowances | $90.4M | $69.0M | |
| Other accrued liabilities | $37.4M | $44.7M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in shares) | 23.1M shares | 23.1M shares | |
| Common stock, shares outstanding (in shares) | 23.0M shares | 23.0M shares | |
| Treasury stock (in shares) | 76.0K shares | 117.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $114.0M | $69.3M |
| Amortization of intangible assets | $1.2M | $1.5M |
| Depreciation | $4.2M | $3.7M |
| Noncash lease expense | $6.1M | $5.0M |
| Stock-based compensation expense | $427.0K | $89.0K |
| Amortization of financing fees | $646.0K | $513.0K |
| Deferred income taxes | -$14.9M | $90.0K |
| (Credit) for losses in accounts receivable | -$922.0K | -$4.1M |
| Increase in allowance for inventory obsolescence, net | $118.0K | $2.4M |
| Other adjustments, net | $96.0K | $40.0K |
| Accounts receivable | -$20.6M | $2.1M |
| Inventories | -$33.4M | -$10.6M |
| Prepaid expenses | $1.9M | $2.2M |
| Contract assets | $5.5M | -$5.9M |
| Other assets | -$7.2M | -$1.6M |
| Accounts payable | -$10.1M | -$8.9M |
| Income taxes receivable | -$5.5M | -$436.0K |
| Accrued expenses | -$6.8M | $12.0M |
| Other noncurrent liabilities | -$10.7M | -$5.1M |
| Net cash provided by operating activities | $24.1M | $62.4M |
| Capital expenditures | -$10.0M | -$4.6M |
| Proceeds from disposal of assets | $11.0K | $0 |
| Net cash used in investing activities | -$10.0M | -$4.6M |
| Repayment of long-term debt and lease liabilities | -$482.0K | -$204.0K |
| Proceeds from short-term financings | $0 | $100.0M |
| Repayment of short-term financings | -$25.0M | -$124.8M |
| Repurchases to settle tax withholding obligations for stock-based compensation awards | -$1.1M | -$201.0K |
| Payments of deferred financing costs | -$1.2M | -$709.0K |
| Net cash used in financing activities | -$27.7M | -$25.9M |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -$13.5M | $31.9M |
No quarter-by-quarter statement was filed.
Compare POWER SOLUTIONS INTERNATIONAL, INC. with another company
Leadership
Who has led POWER SOLUTIONS INTERNATIONAL, INC., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerConstantine Xykis Oct 9, 2024 to now11
- Chief executive officerLance Michael Arnett Mar 25, 2022 to Mar 25, 202212
- Chief executive officerGary S. Winemaster May 9, 2011 to Jan 14, 201313
- PresidentGary S. Winemaster May 9, 2011 to Jan 14, 201313
- PresidentRyan A. Neely Jan 23, 2007 to Jan 23, 200714
- Chief financial officerXun Li Sep 2, 2022 to now15
- Chief financial officerTimothy J. Cunningham Feb 10, 2017 to Feb 10, 201716
- Chief financial officerCharles F. Avery Jr. Aug 10, 2017 to Aug 1, 201917
- Chief financial officerDaniel P. Gorey Apr 19, 2012 to Aug 10, 201518
- Chief financial officerThomas J. Somodi May 9, 2011 to May 9, 201119
- Chief operating officerEric A. Cohen Apr 19, 2012 to Nov 17, 201520
- Chief operating officerThomas J. Somodi May 9, 2011 to May 9, 201119
Board members and other officers (37)
- OfficerZhaoying Du Sep 24, 2025 to now21
- OfficerMatthew Joseph Thomas Apr 18, 2022 to Sep 6, 202222
- OfficerJunhua Gu Jul 20, 2022 to Jul 20, 202223
- Chief Technology OfficerConstantine Xykis Mar 25, 2021 to May 24, 202424
- Chief Technical OfficerJason C. Lin Aug 2, 2019 to Jul 29, 202025
- Chief Commercial OfficerLance Michael Arnett Dec 20, 2019 to Apr 9, 202026
- OfficerWilliam Alan Buzogany Jan 22, 2018 to Oct 9, 201827
- OfficerDonald P. Klein May 25, 2018 to Jun 19, 201828
- OfficerGary S. Winemaster Jan 23, 2013 to Aug 18, 201529
- Pres., Secretary, TreasurerRyan A. Neely May 3, 2011 to May 3, 201130
- SVP & SecretaryKenneth J. Winemaster May 9, 2011 to May 16, 201931
- Board memberXuesen Yang Jan 6, 2026 to now32
- Board memberZhao Jin Jan 6, 2026 to now33
- Board memberCourtney C. Shea Jul 31, 2025 to now34
- Board memberJiwen Zhang Mar 31, 2023 to Mar 31, 202335
- Board memberFuzhang Yu Jul 26, 2023 to Jul 26, 202336
- Board memberFabrizio Mozzi Jan 24, 2022 to Sep 16, 202237
- Board memberLei Lei Jan 24, 2022 to Jan 24, 202238
- Board memberGengsheng Zhang Sep 23, 2022 to Sep 23, 202239
- Board memberGuogang Wu Jul 21, 2021 to Feb 1, 202240
- Board memberSidong Shao Dec 28, 2020 to Dec 28, 202041
- Board memberXinghao Li Dec 28, 2020 to Dec 28, 202042
- Board memberHong He Dec 20, 2019 to now43
- Board memberJason C. Lin May 25, 2017 to Nov 30, 201844
- Board memberLeslie Anne Coolidge Jul 24, 2017 to Jul 23, 201945
- Board memberFrank P. Simpkins Aug 10, 2017 to now46
- Board memberEllen Randi Hoffing Sep 21, 2015 to Sep 21, 201547
- Board memberGary S. Winemaster May 9, 2011 to Aug 18, 201513
- Board memberH. Samuel Greenawalt May 27, 2011 to Sep 2, 201448
- Board memberKenneth W. Landini May 27, 2011 to Dec 16, 202449
- Board memberKenneth J. Winemaster Nov 2, 2011 to Nov 2, 201150
- Board memberJay J. Hansen Nov 4, 2011 to Nov 4, 201151
- Board memberMary E. Vogt Nov 29, 2011 to Nov 29, 201152
- Board memberPeter Kristensen Apr 13, 2010 to Apr 13, 201053
- Board memberRobert Summers Jan 23, 2007 to Jan 23, 200754
- Board memberRyan A. Neely Jan 23, 2007 to May 3, 201114
- General counselRandall Lehner Mar 28, 2024 to Mar 28, 202455
Former names
Timeline
Filings
288 filings to the SEC since October 2021: 10 annual reports, 15 quarterly reports, 63 major events, 140 insider forms, 17 large holders, 43 other. The latest 20:
- Sep 30, 20268-K EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20263 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Jul 27, 20268-K EDGAR
- Jun 9, 2026DEFA14A EDGAR
- Jun 9, 2026DEF 14A EDGAR
- May 22, 2026SCHEDULE 13G EDGAR
- May 20, 2026SD EDGAR
- May 13, 20268-K EDGAR
- May 11, 20268-K EDGAR
- May 11, 202610-Q EDGAR
- Apr 30, 202610-K/A EDGAR
- Apr 17, 20264 EDGAR
- Apr 17, 20264 EDGAR
- Mar 13, 20268-K EDGAR
- Mar 11, 20268-K EDGAR
- Mar 2, 20268-K EDGAR
The 288 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- May 22, 2026SCHEDULE 13G
- Sep 22, 2025SCHEDULE 13D/A
- Aug 28, 2025SCHEDULE 13D/A
- Aug 25, 2025SCHEDULE 13D/A
- Aug 19, 2025SCHEDULE 13D/A
- Aug 15, 2025SCHEDULE 13D/A
- Aug 7, 2025SCHEDULE 13D/A
- Apr 23, 2025SCHEDULE 13D/A
- Feb 14, 2025SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Point72 Asset Management, L.P. | 1,497,155 | $58.2M | 0.1% | +1,491,805 |
| BlackRock, Inc. | 818,968 | $31.8M | 0.0% | +103,412 |
| Newtyn Management, LLC | 600,890 | $23.4M | 2.9% | New |
| Vanguard Capital Management LLC | 340,634 | $13.2M | 0.0% | −340 |
| Yunqi Capital Ltd | 339,000 | $13.2M | 10.6% | New |
| Barclays PLC | 311,110 | $12.1M | 0.0% | +72,064 |
| Dimensional Fund Advisors LP | 296,812 | $11.5M | 0.0% | +13,571 |
| OLP CAPITAL MANAGEMENT Ltd | 283,940 | $11.0M | 2.8% | New |
| Busey Bank | 220,000 | $8.6M | 0.2% | No change |
| Geode Capital Management, LLC | 216,235 | $8.4M | 0.0% | +19,938 |
| Millennium Management LLC | 206,942 | $8.0M | 0.0% | +109,062 |
| State Street Corp | 184,855 | $7.2M | 0.0% | +14,108 |
| Alliancebernstein L.P. | 98,700 | $6.0M | 0.0% | +65,260 |
| Goldman Sachs Group Inc | 147,333 | $5.7M | 0.0% | +103,027 |
| First Trust Advisors LP | 146,750 | $5.7M | 0.0% | +60,627 |
| Yiheng Capital Management, L.P. | 133,500 | $5.2M | 2.2% | New |
| Meros Investment Management, LP | 129,266 | $5.0M | 1.6% | +90,000 |
| Morgan Stanley | 113,003 | $4.4M | 0.0% | −54,034 |
| Two Sigma Investments, LP | 108,961 | $4.2M | 0.0% | +62,590 |
| Hel Ved Capital Management Ltd | 100,876 | $3.9M | 0.6% | No change |
| Valiant Capital Management, L.P. | 81,674 | $3.2M | 0.2% | +12,286 |
| Northern Trust Corp | 74,796 | $2.9M | 0.0% | −5,303 |
| Tidal Investments LLC | 72,447 | $2.8M | 0.0% | +43,068 |
| Vanguard Portfolio Management LLC | 70,150 | $2.7M | 0.0% | −35,079 |
| Defiance ETFs, LLC | 72,881 | $2.7M | 0.0% | +52,013 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Nov 20, 2020 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +1340.3% | Report |
| Sep 24, 2020 | Tom MalinowskiDemocratic, House | Sale | $15,001 - $50,000 | −1506.9% | Report |
| Aug 25, 2020 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +1181.8% | Report |
| May 7, 2020 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +541.6% | Report |
| Jan 2, 2020 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +310.3% | Report |
| Dec 30, 2019 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +544.4% | Report |
| May 15, 2019 | Tom MalinowskiDemocratic, House | Buy | $1,001 - $15,000 | +270.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARRyan A. Neely, President
- 15SEC EDGARXun Li, Chief financial officer
- 16
- 17
- 18
- 19
- 20
- 21SEC EDGARZhaoying Du, Officer
- 22SEC EDGARMatthew Joseph Thomas, Officer
- 23SEC EDGARJunhua Gu, Officer
- 24
- 25
- 26
- 27SEC EDGARWilliam Alan Buzogany, Officer
- 28SEC EDGARDonald P. Klein, Officer
- 29SEC EDGARGary S. Winemaster, Officer
- 30
- 31
- 32SEC EDGARXuesen Yang, Board member
- 33SEC EDGARZhao Jin, Board member
- 34SEC EDGARCourtney C. Shea, Board member
- 35SEC EDGARJiwen Zhang, Board member
- 36SEC EDGARFuzhang Yu, Board member
- 37SEC EDGARFabrizio Mozzi, Board member
- 38SEC EDGARLei Lei, Board member
- 39SEC EDGARGengsheng Zhang, Board member
- 40SEC EDGARGuogang Wu, Board member
- 41SEC EDGARSidong Shao, Board member
- 42SEC EDGARXinghao Li, Board member
- 43SEC EDGARHong He, Board member
- 44SEC EDGARJason C. Lin, Board member
- 45SEC EDGARLeslie Anne Coolidge, Board member
- 46SEC EDGARFrank P. Simpkins, Board member
- 47SEC EDGAREllen Randi Hoffing, Board member
- 48SEC EDGARH. Samuel Greenawalt, Board member
- 49SEC EDGARKenneth W. Landini, Board member
- 50SEC EDGARKenneth J. Winemaster, Board member
- 51SEC EDGARJay J. Hansen, Board member
- 52SEC EDGARMary E. Vogt, Board member
- 53SEC EDGARPeter Kristensen, Board member
- 54SEC EDGARRobert Summers, Board member
- 55SEC EDGARRandall Lehner, General counsel
- 56