ORION ENERGY SYSTEMS, INC.
Financial highlights
| Metric | FY 03/31/25 | FY 03/31/24 | FY 03/31/23 | FY 03/31/22 | FY 03/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $79.7M | $90.6M | $77.4M | $124.4M | $116.8M |
| Cost of revenue | $59.5M | $69.7M | $59.9M | $90.5M | $86.7M |
| Gross profit | $20.2M | $20.9M | $17.5M | $33.9M | $30.1M |
| Research and development | $1.2M | $1.5M | $1.9M | $1.7M | $1.7M |
| Operating expenses | $30.8M | $31.7M | $33.5M | $25.5M | $23.3M |
| Operating income | -$10.6M | -$10.8M | -$16.0M | $8.4M | $6.8M |
| Pretax income | -$11.8M | -$11.6M | -$16.4M | $8.2M | $6.5M |
| Income tax expense | $42,000 | $41,000 | $18.0M | $2.2M | -$19.6M |
| Net income | -$11.8M | -$11.7M | -$34.3M | $6.1M | $26.1M |
| Balance Sheet | |||||
| Cash and equivalents | $6.0M | $5.2M | $16.0M | $14.5M | $19.4M |
| Current assets | $35.5M | $44.8M | $50.4M | $51.2M | $56.5M |
| Total assets | $52.5M | $63.2M | $71.6M | $86.8M | $92.8M |
| Current liabilities | $26.8M | $28.1M | $24.5M | $18.4M | $30.4M |
| Total liabilities | $40.6M | $40.6M | $38.3M | $21.7M | $34.7M |
| Stockholders' equity | $11.9M | $22.5M | $33.2M | $65.1M | $58.1M |
| Cash Flow Statement | |||||
| Cash from operations | $599,000 | -$10.1M | -$2.3M | -$113,000 | $1.7M |
| Depreciation and amortization | $1.3M | $1.4M | $2.1M | $1.6M | $1.5M |
| Stock-based compensation | $1.2M | $950,000 | $1.6M | $813,000 | $753,000 |
| Capital expenditure | $99,000 | $837,000 | $586,000 | $518,000 | $902,000 |
| Free cash flow | $500,000 | -$10.9M | -$2.9M | -$631,000 | $827,000 |
| Impairments | $20,000 | $69,000 | $0 | $0 | — |
Shares outstanding 33.3M · Free float 80.9%
Annual filing data through FY ended March 31, 2025; float as of July 4, 2026.