OESX · Orion Energy Systems, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.09M | $19.92M | $19.57M | $19.58M | $19.36M | $19.91M | $25.97M | $20.59M | $17.61M | $20.29M |
| Cost of Revenue | $14.58M | $13.74M | $13.67M | $13.83M | $14.89M | $15.61M | $19.60M | $16.02M | $14.44M | $15.51M |
| Gross Profit | $6.51M | $6.18M | $5.90M | $5.75M | $4.47M | $4.30M | $6.37M | $4.57M | $3.17M | $4.78M |
| R&D | $237.0K | $231.0K | $208.0K | $287.0K | $328.0K | $264.0K | $349.0K | $382.0K | $480.0K | $409.0K |
| SG&A | $3.38M | $3.81M | $4.29M | $3.86M | $4.57M | $4.53M | $4.91M | $5.04M | $5.74M | $3.98M |
| Total Operating Expenses | $6.12M | $6.42M | $6.91M | $7.00M | $7.74M | $7.73M | $8.43M | $8.74M | $9.57M | $9.37M |
| D&A | - | - | $244.0K | - | - | $348.0K | - | - | $346.0K | - |
| Operating Income | $386.0K | ($242.0K) | ($1.01M) | ($1.25M) | ($3.27M) | ($3.43M) | ($2.06M) | ($4.17M) | ($6.40M) | ($4.59M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $18.0K | $10.0K | $13.0K | $1.0K | $23.0K | $21.0K | $1.0K | $15.0K | $42.0K | $19.39M |
| Net Income | $160.0K | ($581.0K) | ($1.24M) | ($1.51M) | ($3.63M) | ($3.76M) | ($2.26M) | ($4.39M) | ($6.64M) | ($24.06M) |
| EPS - Basic | $0.05 | ($0.17) | ($0.40) | ($0.50) | ($1.10) | ($1.20) | ($0.70) | ($1.40) | ($2.10) | ($7.50) |
| EPS - Diluted | $0.04 | ($0.17) | ($0.40) | ($0.50) | ($1.10) | ($1.20) | ($0.70) | ($1.40) | ($2.10) | ($7.50) |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.72M | $5.16M | $3.56M | $7.50M | $5.37M | $5.69M | $4.97M | $4.03M | $8.25M | $8.14M |
| Accounts Receivable | $13.25M | $11.51M | $13.53M | $12.23M | $11.71M | $12.47M | $15.71M | $16.12M | $14.61M | $13.69M |
| Inventory | $9.87M | $10.43M | $10.30M | $13.47M | $15.03M | $15.86M | $20.84M | $20.16M | $17.69M | $19.30M |
| Accounts Payable | $14.52M | $13.54M | $12.59M | $13.41M | $14.45M | $14.42M | $18.87M | $15.56M | $11.52M | $13.46M |
| Current Assets | $32.80M | $32.01M | $32.67M | $37.12M | $39.97M | $42.14M | $45.69M | $45.28M | $42.95M | $46.59M |
| Total Assets | $48.25M | $47.90M | $49.02M | $52.71M | $56.27M | $59.76M | $65.41M | $65.83M | $64.15M | $68.33M |
| Current Liabilities | $24.23M | $23.95M | $26.55M | $26.58M | $26.87M | $24.77M | $30.70M | $29.05M | $22.32M | $22.06M |
| Long-term Debt | $9.04M | $9.25M | $8.13M | - | $12.17M | $13.26M | $10.00M | $10.00M | $10.00M | $5.01M |
| Total Liabilities | $36.41M | $36.52M | $38.21M | $38.24M | $40.47M | $40.68M | $44.75M | $43.19M | $37.34M | $30.17M |
| Stockholders' Equity | $11.84M | $11.38M | $10.81M | $14.47M | $15.80M | $19.08M | $20.66M | $22.64M | $26.80M | $38.15M |
| Retained Earnings | ($116.56M) | ($116.72M) | ($116.14M) | ($111.98M) | ($110.47M) | ($106.85M) | ($104.70M) | ($102.45M) | ($98.06M) | ($86.31M) |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($515.0K) | - | - | ($2.96M) | - | - | ($7.33M) | - |
| Investing Cash Flow | - | - | ($55.0K) | - | - | ($24.0K) | - | - | ($413.0K) | - |
| Financing Cash Flow | - | - | ($1.84M) | - | - | $3.52M | - | - | ($3.0K) | - |
| CapEx | - | - | $55.0K | - | - | $24.0K | - | - | $508.0K | - |
| Free Cash Flow | - | - | ($570.0K) | - | - | ($2.99M) | - | - | ($7.83M) | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.9% | 31.0% | 30.1% | 29.4% | 23.1% | 21.6% | 24.5% | 22.2% | 18.0% | 23.6% |
| Operating margin | 1.8% | -1.2% | -5.2% | -6.4% | -16.9% | -17.2% | -7.9% | -20.2% | -36.3% | -22.6% |
| EBITDA margin | - | - | -3.9% | - | - | -15.5% | - | - | -34.4% | - |
| Net margin | 0.8% | -2.9% | -6.4% | -7.7% | -18.7% | -18.9% | -8.7% | -21.3% | -37.7% | -118.6% |
| Free cash flow margin | - | - | -2.9% | - | - | -15.0% | - | - | -44.5% | - |
| FCF / Net income | - | - | 0.46 | - | - | 0.79 | - | - | 1.18 | - |
| R&D / Revenue | 1.1% | 1.2% | 1.1% | 1.5% | 1.7% | 1.3% | 1.3% | 1.9% | 2.7% | 2.0% |
| SG&A / Revenue | 16.1% | 19.1% | 21.9% | 19.7% | 23.6% | 22.8% | 18.9% | 24.5% | 32.6% | 19.6% |
| Effective tax rate | 10.1% | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.3% | -1.2% | -2.5% | -2.9% | -6.4% | -6.3% | -3.4% | -6.7% | -10.3% | -35.2% |
| Return on equity | 1.4% | -5.1% | -11.5% | -10.4% | -22.9% | -19.7% | -10.9% | -19.4% | -24.8% | -63.1% |
| Return on invested capital | 1.7% | -0.9% | -4.2% | - | -9.2% | -8.4% | -5.3% | -10.1% | -13.7% | -8.4% |
| Liquidity | ||||||||||
| Current ratio | 1.35 | 1.34 | 1.23 | 1.40 | 1.49 | 1.70 | 1.49 | 1.56 | 1.92 | 2.11 |
| Quick ratio | 0.95 | 0.90 | 0.84 | 0.89 | 0.93 | 1.06 | 0.81 | 0.86 | 1.13 | 1.24 |
| Cash ratio | 0.19 | 0.22 | 0.13 | 0.28 | 0.20 | 0.23 | 0.16 | 0.14 | 0.37 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | 0.76 | 0.81 | 0.75 | - | 0.77 | 0.70 | 0.48 | 0.44 | 0.37 | 0.13 |
| Debt / Assets | 0.19 | 0.19 | 0.17 | - | 0.22 | 0.22 | 0.15 | 0.15 | 0.16 | 0.07 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.08 | 4.21 | 4.54 | 3.64 | 3.56 | 3.13 | 3.17 | 2.91 | 2.39 | 1.79 |
| Liabilities / Assets | 0.75 | 0.76 | 0.78 | 0.73 | 0.72 | 0.68 | 0.68 | 0.66 | 0.58 | 0.44 |
| Efficiency | ||||||||||
| Asset turnover | 0.44 | 0.42 | 0.40 | 0.37 | 0.34 | 0.33 | 0.40 | 0.31 | 0.27 | 0.30 |
| Inventory turnover | 1.48 | 1.32 | 1.33 | 1.03 | 0.99 | 0.98 | 0.94 | 0.79 | 0.82 | 0.80 |
| Days sales outstanding | 229d | 211d | 252d | 228d | 221d | 229d | 221d | 286d | 303d | 246d |
| Days inventory outstanding | 247d | 277d | 275d | 356d | 368d | 371d | 388d | 459d | 447d | 454d |
| Days payable outstanding | 363d | 360d | 336d | 354d | 354d | 337d | 351d | 355d | 291d | 317d |
| Cash conversion cycle | 113d | 128d | 191d | 230d | 235d | 262d | 258d | 391d | 459d | 384d |
| Valuation | ||||||||||
| P / E | 384.5x | - | - | - | - | - | - | - | - | - |
| P / B | 4.7x | 2.7x | 18.5x | 18.2x | 17.9x | 19.0x | 13.7x | 18.1x | 19.7x | 15.3x |
| P / S | 2.7x | 1.5x | 10.2x | 13.4x | 14.6x | 18.2x | 10.9x | 19.9x | 29.9x | 28.7x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.7% | 2.9% | -1.7% | -24.6% | -6.0% | 13.0% | 28.0% | 17.2% | -1.6% | -54.2% |
| Revenue CAGR (3y) | 1.3% | 4.3% | 3.0% | -23.8% | -9.7% | 22.6% | -8.8% | -24.8% | -25.4% | 7.6% |
| Revenue CAGR (5y) | -9.2% | -16.2% | -14.3% | 3.8% | 8.0% | 7.6% | 8.5% | 5.9% | 7.0% | -0.3% |
| Gross profit growth (YoY) | 13.1% | 38.1% | 37.3% | -9.6% | -2.1% | 35.6% | 33.2% | 3.0% | -10.8% | -56.6% |
| Operating income growth (YoY) | - | 92.6% | 70.5% | 39.4% | 21.5% | 46.3% | 55.1% | -41.6% | -76.9% | - |
| Net income growth (YoY) | - | 84.0% | 66.9% | 33.2% | 17.4% | 43.4% | 90.6% | -88.2% | -134.1% | - |
| EPS growth (YoY) | - | 84.5% | 66.7% | 28.6% | 21.4% | 42.9% | 90.7% | -1900.0% | -2233.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | -10.6% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 80.9% | - | - | 61.9% | - | - | -52.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -18.2% | -28.0% | -43.4% | -29.9% | -30.2% | -28.8% | -45.9% | -62.9% | -57.2% | 6.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-03-31.
Business segments
$81.52M totalLighting Segment$47.70M · 58.5%
Electric Vehicle Charging Systems$16.83M · 20.6%
Maintenance Services$15.19M · 18.6%
Outside The United States In Germany$1.80M · 2.2%
Product / service
$80.52M totalProduct$54.37M · 67.5%
Service$25.35M · 31.5%
Product Light Fixture Sales Type Lease$700.0K · 0.9%
Product Legacy Solar Facilities$100.0K · 0.1%
Peer comparison
Same SIC group: Electric Lighting & Wiring Equipment
Comparing ORION ENERGY SYSTEMS against the 5 most active filers in the same SIC group.