Energy Focus, Inc income statement
In fiscal 2025, Energy Focus, Inc reported revenue of $3.6m, down 26.7% on the year before, operating income of −$1.0m (a -28.8% margin) and net income of −$1.0m, or −$0.18 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 35 | 20 | 23 | 9 | 23 | 64 | 31 | 20 | 18 | 13 | 17 | 10 | 6 | 6 | 5 | 4 | 6 |
| Cost of revenue | 10 | 29 | 17 | 19 | 7 | 15 | 35 | 23 | 15 | 15 | 11 | 12 | 8 | 6 | 5 | 4 | 3 | 6 |
| Gross profit | 2 | 6 | 4 | 4 | 2 | 8 | 29 | 8 | 5 | 3 | 2 | 5 | 2 | −0 | 0 | 1 | 1 | 0 |
| Research and development | 0 | −0 | −1 | 0 | 1 | 1 | 3 | 4 | 3 | 3 | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 0 |
| Selling, general and administrative | — | — | — | 9 | 6 | 8 | 17 | 20 | 11 | 10 | 7 | 8 | 9 | 7 | 4 | 2 | 1 | 1 |
| Selling and marketing | 6 | 6 | 5 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| General and administrative | 5 | 6 | 5 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | −10 | −8 | −5 | −6 | −6 | −1 | 10 | −17 | −11 | −9 | −7 | −4 | −9 | −9 | −4 | −2 | −1 | −2 |
| Interest expense | 0 | 1 | 1 | 1 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | — |
| Income before tax | −10 | −9 | −6 | −7 | −6 | −4 | 10 | −17 | −11 | −9 | −7 | −6 | −8 | −10 | −4 | −2 | −1 | — |
| Income tax | 0 | 0 | −0 | — | 0 | 0 | 0 | 0 | −0 | 0 | 0 | −0 | −0 | 0 | 0 | 0 | 0 | — |
| Net income | −11 | −9 | −6 | −6 | −2 | −6 | 9 | −17 | −11 | −9 | −7 | −6 | −8 | −10 | −4 | −2 | −1 | −2 |
| Diluted EPS | −$0.70 | −$129.50 | −$87.50 | −$48.30 | −$17.50 | −$0.75 | $0.82 | −$1.45 | −$0.95 | −$0.76 | −$2.99 | −$1.83 | — | — | — | −$0.32 | −$0.18 | −$0.25 |
| Diluted shares (average) | — | — | — | — | — | — | — | — | — | — | — | — | — | 1m | 3m | 5m | 6m | 6m |
| EBITDA | −9 | −7 | −5 | −5 | −5 | −1 | 10 | −16 | −11 | −9 | −7 | −4 | −9 | −9 | −4 | −2 | −1 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,196 | 1,278 | 616 | 1,143 | 826 | 975 | 949 | 3,749 |
| Cost of revenue | 1,008 | 1,013 | 422 | 996 | 679 | 791 | 728 | 4,004 |
| Gross profit | 188 | 265 | 194 | 147 | 147 | 184 | 221 | −255 |
| Research and development | 137 | 119 | 50 | 74 | 82 | 206 | 76 | 84 |
| Selling, general and administrative | 449 | 434 | 412 | 297 | 240 | 335 | 286 | 529 |
| Operating income | −398 | −288 | −268 | −224 | −175 | −357 | −141 | −868 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | — | 5 |
| Income before tax | — | — | — | −231 | — | — | — | −870 |
| Income tax | — | — | — | 0 | — | — | — | 7 |
| Net income | −316 | −294 | −268 | −231 | −172 | −329 | −140 | −877 |
| Diluted EPS | −$0.06 | −$0.05 | — | −$0.04 | −$0.03 | −$0.06 | — | — |
| EBITDA | −389 | −279 | −259 | −214 | −166 | −348 | −133 | −860 |
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