ORION ENERGY SYSTEMS, INC.

Listed Company

OESXCIK 0001409375NasdaqNon-AcceleratedSmaller ReportingElectric Lighting & Wiring EquipmentWisconsinFY ends Mar 31

Period

FY 2026

Revenue

$86.31M

Net Income

$-3.16M

Total Assets

$51.60M

Equity

$16.63M

Shares Out

4.06M

Op. Cash Flow

$-1.08M

OESX$10.36+81.57% · past yearDBEQ Basic

Daily closing prices

Business

Orion Energy Systems provides LED lighting systems with IoT-enabled controls, commercial and industrial electric vehicle charging infrastructure, and lighting and electrical maintenance services to help customers achieve sustainability and energy savings goals. The company sells primarily to large national account end-users, electrical distributors, contractors, and energy service companies across verticals including retail, manufacturing, warehousing, government, healthcare, and schools in North America. Services encompass turnkey installation, project management, site assessment, utility incentive management, and multi-year maintenance contracts.

Summary from 10-K filed 2026-06-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenues	86	80	91	77	124
Cost of revenue	58	59	70	60	90
Gross profit	28	20	21	18	34
General and administrative	19	18	17	19	12
Impairment on intangibles	0	0	456,000	0	0
Acquisition related costs	0	0	56,000	765,000	512,000
Sales and marketing	10	12	13	11	12
Research and development	945,000	1	1	2	2
Total operating expenses	30	31	32	33	26
Loss from operations	−2	−11	−11	−16	8
Other income	51,000	62,000	39,000	0	1,000
Interest expense	−783,000	−1	−752,000	−339,000	−80,000
Amortization of debt issue costs	−170,000	−206,000	−95,000	−73,000	−62,000
Loss on debt extinguishment	−562,000	0	0	0	0
Interest income	3,000	7,000	2,000	34,000	0
Total other expense	−1	−1	−806,000	−378,000	−141,000
Loss before income tax	−3	−12	−12	−16	8
Income tax expense	60,000	42,000	41,000	18	2
Net Income (Loss)	−3	−12	−12	−34	6
Basic net loss per share attributable to common shareholders	−0.89	−3.59	−3.59	−1.08	0.2
Weighted-average common shares outstanding	4	3	3	32	31
Diluted net loss per share	−0.89	−3.59	−3.59	−1.08	0.19
Weighted-average common shares and share equivalents outstanding	4	3	3	32	31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	3	6	5	16	14
Accounts receivable, net	16	13	14	14	12
Revenue earned but not billed	6	3	5	1	2
Inventories	10	11	18	18	20
Prepaid expenses and other current assets	1	2	3	1	3
Total current assets	38	35	45	50	51
Property and equipment, net	6	8	10	10	11
Goodwill	1	1	1	1	350,000
Other intangible assets, net	3	3	4	6	2
Other long-term assets, net	4	4	3	3	4
Total assets	52	52	63	72	87
Accounts payable	15	13	18	13	10
Accrued expenses and other	11	13	9	11	8
Deferred revenue, current	155,000	491,000	260,000	480,000	76,000
Current maturities of long-term debt	353,000	353,000	3,000	17,000	16,000
Total current liabilities	27	27	28	24	18
Revolving credit facility	3	7	10	10	0
Long-term debt, less current maturities	3	3	0	3,000	19,000
Deferred revenue, long-term	0	337,000	413,000	489,000	564,000
Other long-term liabilities	3	3	2	3	3
Total liabilities	35	41	41	38	22
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 shares at March 31, 2026 and 2025; no shares issued and outstanding at March 31, 2026 and 2025	0	0	0	0	0
Common stock, no par value: Shares authorized: 200,000,000 at March 31, 2026 and 2025; shares issued: 4,819,013 and 4,247,023 at March 31, 2026 and 2025; shares outstanding:4,056,528 and 3,298,389 at March 31, 2026 and 2025	0	0	0	0	0
Additional paid-in capital	170	163	162	161	158
Treasury stock: 762,485 and 948,634 common shares at March 31, 2026 and 2025	−35	−36	−36	−36	−36
Retained deficit	−118	−115	−103	−91	−57
Total shareholders equity	17	12	23	33	65
Total liabilities and shareholders equity	52	52	63	72	87

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net loss	−3	−12	−12	−34	6
Depreciation and amortization	2	3	3	1	1
Stock-based compensation	483,000	1	950,000	2	813,000
Deferred taxes and impairment of property and equipment	5,000	27,000	64,000	0	0
Loss on asset disposals	1	91,000	84,000	—	—
Provision for inventory reserves	461,000	552,000	562,000	628,000	623,000
Provision for credit losses	12,000	378,000	170,000	65,000	10,000
Other	−6,000	197,000	468,000	96,000	26,000
Accounts receivable	−4	800,000	−464,000	−586,000	4
Revenue earned but not billed	−3	1	−3	1	851,000
Inventories	627,000	6	−603,000	2	−420,000
Prepaid expenses and other assets	802,000	2	−1	2	−888,000
Accounts payable	2	−5	5	2	−8
Accrued expenses and other liabilities	1	2	−2	2	−7
Deferred revenue, current and long-term	−673,000	155,000	−295,000	329,000	−87,000
Net cash provided by (used in) operating activities	−1	599,000	−10	−2	−113,000
Purchase of property and equipment	−83,000	−99,000	−837,000	−586,000	−518,000
Additions to patents and licenses	−3,000	−6,000	0	−9,000	−10,000
Proceeds from sales of property, plant and equipment	0	233,000	106,000	0	122,000
Net cash provided by (used in) investing activities	−86,000	128,000	−731,000	−6	−5
Payment of long-term debt	−3	−206,000	−15,000	−15,000	−14,000
Proceeds from revolving credit facility	4	500,000	0	10	—
Payments of revolving credit facility	−8	−4	0	0	0
Proceeds from long-term debt	0	4	0	0	—
Unamortized debt issuance cost write-off	−180,000	0	0	—	—
Issuance of treasury stock	300,000	0	0	—	—
Proceeds from public stock offering, net of issuance costs	6	0	0	—	—
Payments to settle employee tax withholdings on stock-based compensation	−11,000	0	−2,000	−2,000	−5,000
Debt issue costs	−383,000	−216,000	0	−29,000	−4,000
Proceeds from employee equity exercises	−3,000	−13,000	3,000	58,000	127,000
Net cash provided by (used in) financing activities	−2	90,000	−14,000	10	104,000
Net increase (decrease) in cash and cash equivalents	−3	817,000	−11	2	−5
Cash paid for interest	−758,000	−962,000	−691,000	−346,000	−68,000
Cash paid for income taxes	−36,000	−26,000	−59,000	−87,000	−203,000
Operating lease assets obtained in exchange for new operating lease liabilities	0	3	0	—	—
Issuance of common stock to Final Frontier, LLC as partial payment of earnout obligation	1	0	0	800,000	0

Filings

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Frequently asked questions

What is ORION ENERGY SYSTEMS, INC.'s CIK number?

ORION ENERGY SYSTEMS, INC.'s SEC CIK number is 0001409375 (1409375). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ORION ENERGY SYSTEMS, INC.'s SEC filings?

All of ORION ENERGY SYSTEMS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ORION ENERGY SYSTEMS, INC. last report earnings?

ORION ENERGY SYSTEMS, INC. (OESX) most recently filed an earnings 8-K with the SEC on Jun 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-256436). This is ORION ENERGY SYSTEMS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ORION ENERGY SYSTEMS, INC.'s most recent earnings 8-K?

ORION ENERGY SYSTEMS, INC.'s latest earnings 8-K (Item 2.02) was filed Jun 4, 2026 under accession 0001193125-26-256436. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View ORION ENERGY SYSTEMS, INC.'s latest earnings 8-K →
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