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POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) Annual Reports

Q: Where can I read POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

POWER SOLUTIONS INTERNATIONAL, INC. is listed on Nasdaq, classified by the SEC under Engines & Turbines (SIC 3510). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1137091 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$152.5M	$191.9M	-20.5%
Operating income	$23.9M	$32.5M	-26.4%
Net income	$16.9M	$51.2M	-67.1%
EPS (diluted)	$0.73	$2.22	-67.1%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 153 mn Net income 16.9 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	82.9	23.8	27.3	29.9	31.4	35.3	42.8	45.5	48.1	50.1	51.7	52.5	52.6	59.1	64.6	61.5	66.7	83.4	94.0	104	86.1	94.6	112	96.7	76.5	85.8	78.9	98.3	84.3	101	100.0	131	94.4	127	136	138	116	139	139	153	105	93.1	114	105	100	111	118	127	99.0	120	125	137	116	122	116	105	95.2	111	126	144	135	192	204	191	129	153
Gross profit	16.4	4.09	4.10	5.38	5.98	6.49	6.56	7.40	8.23	8.83	8.41	8.45	9.17	11.2	12.4	11.8	11.9	15.4	18.6	21.1	16.5	17.4	15.3	13.7	4.06	4.52	6.12	11.9	9.77	12.5	13.3	15.5	9.87	18.1	18.8	12.0	17.7	25.6	26.9	29.7	17.7	3.78	18.2	18.8	7.07	13.2	11.3	9.66	16.7	18.3	24.1	29.4	23.5	26.9	27.9	27.5	25.8	35.2	36.4	43.2	40.3	54.1	48.7	41.8	29.4	41.4
Operating income	6.08	1.06	1.10	1.46	2.29	2.57	2.34	2.60	3.04	3.39	2.87	3.01	3.08	3.84	4.12	3.93	3.52	5.89	7.52	9.11	4.07	4.47	1.39	-0.74	-8.68	-9.21	-6.70	-3.00	-5.60	-3.27	-5.71	-3.47	-10.4	-3.49	-6.59	-16.2	-5.56	4.72	8.14	9.91	-3.69	-15.4	-1.11	-1.54	-15.6	-14.6	-5.69	-5.64	0.23	3.24	7.22	13.9	8.52	11.3	12.1	12.3	10.7	25.3	20.4	25.2	24.6	32.5	28.4	24.2	11.4	23.9
Net income	2.39	0.46	0.39	0.77	1.06	0.51	1.90	0.59	1.15	2.96	1.85	0.75	-2.93	-2.10	-9.98	-3.75	2.37	4.44	8.43	10.3	-1.46	4.92	9.11	1.70	-5.25	-28.8	-8.72	-6.64	-24.5	-7.75	-9.20	-6.13	-14.2	-11.8	-18.8	-9.90	-2.59	-3.00	5.76	8.08	-0.71	-17.7	-1.47	-3.06	-18.1	-15.6	-7.18	-7.57	-2.60	1.36	3.19	9.32	3.72	6.42	7.80	8.37	7.12	21.5	17.3	23.3	19.1	51.2	27.6	16.1	7.30	16.9

Balance sheet

Quarterly · In mn (USD)

Total assets 453 mn Total liabilities 250 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	50.2	—	53.7	61.2	66.0	73.5	79.7	80.1	82.1	82.3	89.1	102	110	126	149	167	191	212	224	221	253	195	181	177	184	184	174	189	171	172	194	214	216	218	206	211	223	201	251	230	203	200	209	222	230	231	242	248	255	265	242	226	205	209	232	265	254	278	310	319	291	275	303
Total assets	—	—	—	55.4	—	57.8	65.3	71.1	79.2	86.7	88.5	90.8	91.5	100	116	127	143	217	236	263	287	332	330	360	299	263	257	265	263	251	267	247	249	274	293	290	314	300	303	314	290	338	314	284	279	284	295	301	299	307	312	320	328	318	305	284	287	308	339	328	373	438	459	425	431	453
Current liabilities	—	—	—	43.9	—	36.8	43.7	51.8	37.5	39.2	33.3	32.7	28.4	28.6	31.1	32.4	38.2	57.1	59.9	76.0	73.6	61.7	65.5	99.3	61.2	83.0	85.6	99.7	119	116	137	127	131	194	230	221	235	183	181	182	215	289	259	239	252	278	296	283	289	325	327	319	327	298	276	248	246	244	259	228	240	247	140	92.3	80.4	118
Total liabilities	—	—	—	50.0	—	40.1	46.3	55.8	62.7	67.2	66.7	68.0	68.2	76.5	64.2	76.2	87.6	148	154	172	197	237	226	254	198	207	210	224	208	205	229	215	228	265	302	308	335	286	283	285	262	328	305	278	291	312	330	343	343	350	351	350	354	338	318	288	284	283	297	263	288	302	296	246	245	250
Equity	3.79	—	—	5.36	—	17.7	19.0	15.3	16.5	19.5	21.8	22.7	23.3	23.9	51.3	50.4	55.9	68.8	82.2	90.8	89.7	95.0	104	106	101	55.3	47.0	40.7	30.1	18.2	6.13	32.2	20.5	8.93	-9.27	-18.6	-21.0	14.4	20.3	28.5	27.9	10.4	9.04	6.10	-11.9	-27.4	-34.5	-42.0	-44.4	-43.0	-39.8	-30.4	-26.6	-20.1	-12.3	-3.92	3.22	24.8	42.1	65.3	84.3	136	162	179	186	203

Cash flow

Quarterly · In mn (USD)

Operating 56.6 mn Investing -0.85 mn Financing -30.8 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	3.39	3.44	1.12	-0.64	2.20	-3.53	-1.24	1.59	3.30	-2.49	-3.45	-0.3	-2.38	-2.82	-0.81	-6.42	-10.6	-3.52	0.69	-1.64	-9.73	-28.5	15.7	-0.23	13.9	10.6	-0.2	7.97	8.10	-6.77	-14.9	5.85	2.28	-10.5	4.52	-2.49	-0.7	2.67	17.1	-0.96	24.3	-20.3	-6.29	-5.31	5.68	-19.9	-24.9	-22.4	-17.4	-12.8	12.5	8.86	5.00	21.6	35.5	8.40	15.6	1.53	12.6	32.6	8.81	16.7	3.26	-4.62	19.1	56.6
Investing	-0.36	-0.28	-0.09	-0.21	-0.31	-0.07	-0.33	-0.86	-0.34	-0.93	-1.62	-1.00	-0.67	-1.95	-2.20	-1.69	-0.78	-46.1	-2.33	-3.10	-10.5	-28.1	-3.38	-1.75	-1.10	1.59	-1.55	-0.59	-1.90	-0.53	-1.19	-1.55	-1.50	-6.69	-0.73	-1.32	-0.82	-0.72	-0.5	-1.62	-0.77	-0.64	0.36	-0.36	-0.61	1.64	-0.84	0.2	-0.12	-0.39	-0.48	-0.36	-0.61	-0.64	-1.42	-2.34	-0.81	-0.71	-0.43	-2.60	-3.40	-2.02	-1.53	-3.00	-13.8	-0.85
Financing	-3.02	-3.16	-1.03	0.85	-1.89	3.60	1.57	-0.73	-2.80	3.85	5.15	1.18	2.80	5.92	9.91	6.08	8.75	51.7	3.54	3.70	23.9	52.5	-6.14	-1.83	-19.8	-13.3	2.93	-6.70	-8.15	6.96	16.1	-4.29	-0.78	17.2	-1.77	1.86	1.46	-1.90	-16.7	2.59	-22.7	56.1	-0.02	-0.09	-2.64	0.03	25.3	23.8	13.2	14.7	1.14	-0.64	-1.63	-20.1	-30.1	-15.1	-5.18	-5.06	-0.46	-15.2	-10.2	-15.2	-2.12	-0.16	-0.74	-30.8
Cash at period end	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6.31	—	—	—	6.56	—	—	—	8.45	1.50	0.44	1.61	2.29	0.34	0	0	0	0	0	2.01	0.05	0	0.05	0	0	0.82	32.5	26.7	21.0	23.4	5.50	4.99	6.26	2.27	3.45	16.5	24.3	26.9	27.8	31.8	22.8	33.1	28.8	40.5	55.3	50.0	49.5	49.0	41.3	45.1	70.1

Profitability

Quarterly · %

Gross margin 27.1% Operating margin 15.7% Net margin 11.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	19.8%	17.2%	15.1%	18.0%	19.1%	18.4%	15.3%	16.3%	17.1%	17.6%	16.3%	16.1%	17.4%	18.9%	19.1%	19.2%	17.9%	18.5%	19.8%	20.3%	19.1%	18.4%	13.7%	14.2%	5.3%	5.3%	7.8%	12.1%	11.6%	12.4%	13.3%	11.8%	10.5%	14.2%	13.8%	8.7%	15.3%	18.5%	19.4%	19.4%	16.9%	4.1%	15.9%	17.9%	7.1%	11.8%	9.6%	7.6%	16.9%	15.2%	19.3%	21.5%	20.1%	22.1%	24.1%	26.3%	27.0%	31.8%	28.9%	29.9%	29.8%	28.2%	23.9%	21.9%	22.9%	27.1%
Operating margin	7.3%	4.5%	4.0%	4.9%	7.3%	7.3%	5.5%	5.7%	6.3%	6.8%	5.6%	5.8%	5.9%	6.5%	6.4%	6.4%	5.3%	7.1%	8.0%	8.8%	4.7%	4.7%	1.2%	-0.8%	-11.3%	-10.7%	-8.5%	-3.0%	-6.7%	-3.2%	-5.7%	-2.6%	-11.1%	-2.8%	-4.8%	-11.7%	-4.8%	3.4%	5.9%	6.5%	-3.5%	-16.5%	-1.0%	-1.5%	-15.6%	-13.1%	-4.8%	-4.5%	0.2%	2.7%	5.8%	10.2%	7.3%	9.3%	10.4%	11.8%	11.2%	22.9%	16.3%	17.4%	18.2%	16.9%	13.9%	12.7%	8.9%	15.7%
Net margin	2.9%	1.9%	1.4%	2.6%	3.4%	1.4%	4.4%	1.3%	2.4%	5.9%	3.6%	1.4%	-5.6%	-3.5%	-15.4%	-6.1%	3.6%	5.3%	9.0%	9.9%	-1.7%	5.2%	8.1%	1.8%	-6.9%	-33.6%	-11.0%	-6.8%	-29.1%	-7.7%	-9.2%	-4.7%	-15.0%	-9.3%	-13.8%	-7.2%	-2.2%	-2.2%	4.2%	5.3%	-0.7%	-19.1%	-1.3%	-2.9%	-18.1%	-14.0%	-6.1%	-6.0%	-2.6%	1.1%	2.6%	6.8%	3.2%	5.3%	6.7%	8.0%	7.5%	19.5%	13.8%	16.1%	14.1%	26.7%	13.6%	8.4%	5.7%	11.1%

Returns & leverage

Quarterly · %

ROE 40.1% ROA 15.2% Debt ratio 55.2%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	74.9%	—	15.5%	22.4%	39.3%	25.2%	35.5%	32.1%	35.2%	13.2%	-11.2%	-39.0%	-51.3%	-34.0%	-14.9%	17.2%	36.2%	29.9%	27.1%	24.5%	14.5%	11.0%	-30.9%	-54.3%	-67.2%	-104.5%	-129.5%	-181.3%	-130.7%	-147.6%	-304.7%	—	-805.1%	—	-294.2%	-176.7%	166.3%	290.6%	-37.4%	-80.8%	-132.9%	-505.4%	—	—	—	—	—	—	—	—	—	—	—	—	1931.9%	364.8%	225.9%	185.6%	138.3%	118.5%	93.5%	75.7%	40.1%
ROA	—	—	—	7.3%	—	4.7%	6.5%	6.4%	5.2%	9.1%	8.5%	8.3%	3.1%	-2.6%	-14.0%	-17.3%	-11.5%	-4.4%	6.5%	13.1%	10.1%	8.1%	8.1%	4.6%	3.6%	-7.8%	-14.0%	-15.8%	-24.4%	-18.5%	-18.4%	-18.6%	-14.6%	-15.7%	-18.2%	-20.4%	-15.3%	-11.9%	-3.3%	2.7%	3.4%	-1.4%	-3.8%	-7.7%	-14.2%	-12.3%	-14.4%	-16.6%	-11.4%	-5.4%	-1.9%	3.6%	5.6%	7.3%	8.8%	8.7%	9.7%	14.3%	16.9%	22.6%	24.6%	29.8%	30.4%	30.3%	25.4%	15.2%
Debt ratio	—	—	—	90.3%	—	69.4%	70.9%	78.4%	79.2%	77.5%	75.4%	75.0%	74.6%	76.2%	55.6%	60.2%	61.0%	68.3%	65.2%	65.4%	68.8%	71.4%	68.4%	70.5%	66.1%	78.9%	81.8%	84.6%	79.2%	81.7%	85.9%	87.0%	91.8%	96.7%	103.2%	106.4%	106.7%	95.2%	93.3%	90.9%	90.4%	96.9%	97.1%	97.8%	104.3%	109.6%	111.7%	114.0%	114.9%	114.0%	112.8%	109.5%	108.1%	106.3%	104.0%	101.4%	98.9%	92.0%	87.6%	80.1%	77.4%	69.0%	64.6%	58.0%	56.9%	55.2%

EPS

Quarterly · US$

EPS US$0.73

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	—	—	—	—	0.05	0.19	—	—	0.33	0.20	—	-0.32	-0.23	-0.97	-0.36	0.19	0.34	0.56	0.48	-0.13	0.18	0.03	0.04	-0.42	—	—	-4.05	-2.23	-0.80	-0.94	-2.22	-0.77	-0.63	-1.01	-0.84	-0.31	-0.14	0.25	0.37	-0.03	-0.78	-0.06	-0.13	-0.79	-0.68	-0.31	-0.33	-0.11	0.06	0.14	0.40	0.16	0.28	0.34	0.37	0.31	0.94	0.75	1.01	0.83	2.22	1.20	0.69	0.32	0.73

Revenue & profit

Year-to-date · In mn (USD)

Revenue 281 mn Net income 24.2 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 453 mn Total liabilities 250 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 75.7 mn Investing -14.7 mn Financing -31.5 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 25.2% Operating margin 12.6% Net margin 8.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 40.1% ROA 15.2% Debt ratio 55.2%

EPS

Year-to-date · US$

EPS US$1.05

Revenue & profit

Annual · In mn (USD)

Revenue 722 mn Net income 114 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	155	202	238	348	389	339	417	496	546	418	456	481	459	476	722
Gross profit	26.4	33.9	44.5	67.0	62.8	26.6	51.0	58.8	99.9	58.5	41.3	88.6	106	141	185
Operating income	9.81	12.3	15.0	26.0	9.20	-27.6	-18.1	-36.7	17.2	-21.7	-41.6	24.6	44.3	81.6	110
Net income	4.06	6.70	-18.8	25.6	14.3	-49.4	-47.6	-54.7	8.25	-23.0	-48.5	11.3	26.3	69.3	114

Balance sheet

Annual · In mn (USD)

Total assets 425 mn Total liabilities 246 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	66.0	82.1	110	191	253	184	171	216	223	203	230	255	205	254	291
Total assets	71.1	90.8	127	263	360	265	247	290	314	284	301	320	284	328	425
Current liabilities	51.8	32.7	32.4	76.0	99.3	99.7	127	221	182	239	283	319	248	228	92.3
Total liabilities	55.8	68.0	76.2	172	254	224	215	308	285	278	343	350	288	263	246
Equity	15.3	22.7	50.4	90.8	106	40.7	32.2	-18.6	28.5	6.10	-42.0	-30.4	-3.92	65.3	179

Cash flow

Annual · In mn (USD)

Operating 24.1 mn Investing -9.96 mn Financing -27.7 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	-0.97	-2.94	-12.4	-15.1	-22.8	32.3	-7.69	-6.17	18.2	-7.59	-61.5	-8.85	70.5	62.4	24.1
Investing	-1.57	-3.90	-6.51	-52.3	-43.8	-1.65	-5.16	-10.2	-3.66	-1.41	0.4	-1.35	-5.02	-4.56	-9.96
Financing	2.54	7.38	24.7	67.7	68.5	-36.8	10.6	16.5	-14.6	33.3	46.5	28.4	-66.8	-25.9	-27.7
Cash at period end	—	—	6.31	6.56	8.45	2.29	0	0.05	0	21.0	6.26	24.3	22.8	55.3	41.3

Profitability

Annual · %

Gross margin 25.6% Operating margin 15.2% Net margin 15.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	17.1%	16.8%	18.7%	19.3%	16.1%	7.8%	12.2%	11.8%	18.3%	14.0%	9.1%	18.4%	23.1%	29.5%	25.6%
Operating margin	6.3%	6.1%	6.3%	7.5%	2.4%	-8.1%	-4.3%	-7.4%	3.1%	-5.2%	-9.1%	5.1%	9.7%	17.1%	15.2%
Net margin	2.6%	3.3%	-7.9%	7.3%	3.7%	-14.6%	-11.4%	-11.0%	1.5%	-5.5%	-10.6%	2.3%	5.7%	14.6%	15.8%

Returns & leverage

Annual · %

ROE 93.5% ROA 30.3% Debt ratio 58.0%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	26.5%	35.2%	-51.3%	36.2%	14.5%	-67.2%	-130.7%	-805.1%	166.3%	-132.9%	—	—	—	225.9%	93.5%
ROA	5.7%	8.3%	-17.3%	13.1%	4.6%	-15.8%	-18.6%	-20.4%	2.7%	-7.7%	-16.6%	3.6%	8.7%	22.6%	30.3%
Debt ratio	78.4%	75.0%	60.2%	65.4%	70.5%	84.6%	87.0%	106.4%	90.9%	97.8%	114.0%	109.5%	101.4%	80.1%	58.0%

EPS

Annual · US$

EPS US$4.94

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	—	—	-1.88	1.57	0.12	—	-6.19	-3.25	0.17	-1.00	-2.11	0.49	1.15	3.01	4.94

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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