Orion Energy Systems, Inc. balance sheet

At the end of fiscal 2026, Orion Energy Systems, Inc. had total assets of $51.6m, total liabilities of $35.0m and shareholders' equity of $16.6m. It held $3.3m in cash against $6.0m of debt: net debt of $2.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Orion Energy Systems, Inc.: balance sheet, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Cash and equivalents	23	12	23	14	18	20	16	17	9	9	29	19	14	16	5	6	3	5
Receivables	—	23	19	18	15	18	11	9	9	15	10	14	12	14	14	13	16	14
Inventory	—	16	18	14	12	14	17	14	8	13	15	20	20	18	18	11	10	10
Total current assets	—	64	67	53	50	55	49	44	29	41	55	57	51	50	45	35	38	39
Goodwill	—	—	—	0	4	4	0	0	0	—	—	—	0	1	1	1	1	1
Total assets	—	121	126	102	99	88	71	62	45	56	73	93	87	72	63	52	52	53
Accounts payable	—	12	14	8	9	11	12	12	12	20	20	17	10	13	18	13	15	16
Deferred revenue (current)	—	8	3	3	1	0	0	1	0	0	0	0	0	0	0	0	0	0
Total current liabilities	—	24	23	19	17	18	19	18	16	27	27	30	18	24	28	27	27	26
Short-term debt	—	1	3	3	3	2	1	0	0	0	0	0	0	0	0	0	0	0
Long-term debt	—	4	7	4	3	3	4	7	4	9	10	0	0	10	10	10	6	6
Total debt	0	5	9	7	7	5	5	7	4	9	10	0	0	10	10	10	6	7
Total liabilities	—	31	33	24	22	23	25	27	22	38	42	35	22	38	41	41	35	35
Shareholders' equity	88	90	93	78	77	65	46	35	23	18	31	58	65	33	23	12	17	19
Net debt (negative = net cash)	−23	−6	−14	−8	−11	−15	−11	−10	−5	1	−19	−19	−14	−6	5	4	3	1
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3m	4m	4m

US$ millions unless shown otherwise. Fiscal quarters.

Orion Energy Systems, Inc.: balance sheet, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Receivables	12	12	13	14	12	13	16	14
Inventory	15	13	11	10	10	10	10	10
Total current assets	40	37	35	33	32	33	38	39
Goodwill	1	1	1	1	1	1	1	1
Total assets	56	53	52	49	48	48	52	53
Accounts payable	14	13	13	13	14	15	15	16
Deferred revenue (current)	0	0	0	0	0	0	0	0
Total current liabilities	27	27	27	27	24	24	27	26
Short-term debt	0	0	0	0	1	1	0	0
Long-term debt	12	—	10	8	9	9	6	6
Total debt	13	0	10	8	10	10	6	7
Total liabilities	40	38	41	38	37	36	35	35
Shareholders' equity	16	14	12	11	11	12	17	19
Shares outstanding	33m	33m	3m	34m	4m	4m	4m	4m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Orion Energy Systems, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Orion Energy Systems, Inc.