EQUITY-METHOD INVESTMENT	12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]
EQUITY-METHOD INVESTMENT	12. EQUITY-METHOD INVESTMENT As disclosed in Note 11 – Discontinued Operations, on October 29, 2024, the Company deconsolidated its subsidiary, PCEP. As part of the transaction, the Company retained an equity interest of approximately 6% in Pioneer Investment LLC via the issuance of Rollover Units. The Company estimated the fair value of the retained equity interest on the date of deconsolidation, which was determined to be $2,000 based on the Company’s proportionate share of Investment, which was calculated using the market approach based on the Equity Transaction. During the year ended December 31, 2025, the Company recorded a loss from equity method investee of $601, which is included in other expense on the consolidated statement of operations. During the year ended December 31, 2025, the Company received a cash dividend of $981 from the equity method investee which has been recorded as a reduction in the investment account. The Company applies the cumulative earnings approach to classify distributions received from equity method investments in its consolidated statements of cash flows. Under this method, distributions received from equity method investees are included in the Company’s consolidated statements of cash flows as operating activities, unless the cumulative distributions exceed the Company’s share of cumulative equity in the investee’s net earnings. In such cases, the excess distributions are considered returns of investment and are classified as investing activities. As of December 31, 2025, the Company’s cumulative distributions were $981, and the Company did not have cumulative equity in the investee’s net earnings. As such, the cash distribution received during the year ended December 31, 2025, was classified as investing activity in the consolidated statements of cash flows.

EQUITY-METHOD INVESTMENT

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

12. EQUITY-METHOD INVESTMENT

As disclosed in Note 11 – Discontinued Operations, on October 29, 2024, the Company deconsolidated its subsidiary, PCEP. As part of the transaction, the Company retained an equity interest of approximately 6% in Pioneer Investment LLC via the issuance of Rollover Units. The Company estimated the fair value of the retained equity interest on the date of deconsolidation, which was determined to be $2,000 based on the Company’s proportionate share of Investment, which was calculated using the market approach based on the Equity Transaction. During the year ended December 31, 2025, the Company recorded a loss from equity method investee of $601, which is included in other expense on the consolidated statement of operations.

During the year ended December 31, 2025, the Company received a cash dividend of $981 from the equity method investee which has been recorded as a reduction in the investment account. The Company applies the cumulative earnings approach to classify distributions received from equity method investments in its consolidated statements of cash flows. Under this method, distributions received from equity method investees are included in the Company’s consolidated statements of cash flows as operating activities, unless the cumulative distributions exceed the Company’s share of cumulative equity in the investee’s net earnings. In such cases, the excess distributions are considered returns of investment and are classified as investing activities. As of December 31, 2025, the Company’s cumulative distributions were $981, and the Company did not have cumulative equity in the investee’s net earnings. As such, the cash distribution received during the year ended December 31, 2025, was classified as investing activity in the consolidated statements of cash flows.

PIONEER POWER SOLUTIONS, INC. 10-K