PSIX— POWER SOLUTIONS INTERNATIONAL, INC.

IndustrialsElectrical Equipment$941M mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Net sales (to related parties $1,266 and $1,766 for the year ended December 31, 2025 and 2024, respectively)	$722.4M+51.8%	$476.0M+3.7%	$459.0M-4.6%	$481.3M
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+60.2%	$335.4M-5.0%	$353.1M-10.1%	$392.8M
Gross profit	$184.9M+31.6%	$140.5M+32.8%	$105.9M+19.5%	$88.6M
Research and development expenses	$18.2M-9.4%	$20.1M+3.1%	$19.5M+3.0%	$18.9M
Selling, general and administrative expenses	$55.8M+49.3%	$37.4M-7.4%	$40.4M-6.0%	$42.9M
Amortization of intangible assets	$1.2M-16.5%	$1.5M-16.4%	$1.7M-17.8%	$2.1M
Total operating expenses	$75.2M+27.7%	$58.9M-4.4%	$61.6M-3.7%	$64.0M
Operating income	$109.7M+34.4%	$81.6M+84.4%	$44.3M+80.0%	$24.6M
Other expense (income), net	—	—	—	—
Interest expense (from related parties $634 and $6,998 for the year ended December 31, 2025 and 2024, respectively)	$6.7M-41.4%	$11.4M-33.0%	$17.1M	—
Other expense (income)	-$352K	$0	—	—
Total other expense, net	$6.3M-44.5%	$11.4M	—	—
Income before income taxes	$103.4M+47.2%	$70.2M+158.0%	$27.2M+135.1%	$11.6M
Income tax (benefit) expense	-$10.6M-1252.2%	$922K+2.4%	$900K+196.1%	$304K
Net income	$114.0M+64.5%	$69.3M+163.4%	$26.3M+133.4%	$11.3M
Basic (in shares)	23.0M+0.2%	23.0M+0.1%	23.0M+0.1%	22.9M
Diluted (in shares)	23.1M+0.2%	23.0M+0.2%	23.0M+0.1%	22.9M
Basic (in dollars per share)	$4950.00+64.5%	$3010.00+161.7%	$1150.00+134.7%	$490.00
Diluted (in dollars per share)	$4940.00+64.1%	$3010.00+161.7%	$1150.00+134.7%	$490.00

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.