ORION ENERGY SYSTEMS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $86.3M | $79.7M | $90.6M | $77.4M | $124.4M | $116.8M | $150.8M | $65.8M |
| Cost of Revenue | $58.2M | $59.5M | $69.7M | $59.9M | $90.5M | $86.7M | $113.7M | $51.2M |
| Gross Profit | $28.1M | $20.2M | $20.9M | $17.5M | $33.9M | $30.1M | $37.1M | $14.6M |
| Gross Margin | 32.6% | 25.4% | 23.1% | 22.6% | 27.3% | 25.8% | 24.6% | 22.1% |
| Operating Expenses | ||||||||
| Research & Development | $945.0K | $1.2M | $1.5M | $1.9M | $1.7M | $1.7M | $1.7M | $1.4M |
| SG&A Expense | $18.7M | $18.0M | $16.7M | $19.5M | $11.7M | $11.3M | $11.2M | $10.2M |
| Operating Income | $-1.6M | $-10.6M | $-10.8M | $-16.0M | $8.4M | $6.8M | $13.1M | $-6.2M |
| Operating Margin | -1.9% | -13.3% | -11.9% | -20.7% | 6.7% | 5.9% | 8.7% | -9.4% |
| Interest Expense | — | — | — | — | — | — | — | $493.0K |
| Pretax Income | $-3.1M | $-11.8M | $-11.6M | $-16.4M | $8.3M | $6.5M | $12.6M | $-6.7M |
| Income Tax Expense | $60.0K | $42.0K | $41.0K | $18.0M | $2.2M | $-19.6M | $159.0K | $14.0K |
| Net Income | $-3.2M | $-11.8M | $-11.7M | $-34.3M | $6.1M | $26.1M | $12.5M | $-6.7M |
| Net Margin | -3.7% | -14.8% | -12.9% | -44.4% | 4.9% | 22.4% | 8.3% | -10.1% |
| EPS (Basic) | $-0.89 | $-3.59 | $-3.59 | $-1.08 | $0.20 | $0.85 | $0.41 | $-0.23 |
| EPS (Diluted) | $-0.89 | $-3.59 | $-3.59 | $-1.08 | $0.19 | $0.83 | $0.40 | $-0.23 |
| Shares Outstanding (Basic) | 3.6M | 3.3M | 3.2M | 31.7M | 31.0M | 30.6M | 30.1M | 29.4M |
| Shares Outstanding (Diluted) | 3.6M | 3.3M | 3.2M | 31.7M | 31.3M | 31.3M | 31.0M | 29.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |