Orion Energy Systems, Inc. income statement
In fiscal 2026, Orion Energy Systems, Inc. reported revenue of $86.3m, up 8.3% on the year before, operating income of −$1.6m (a -1.9% margin) and net income of −$3.2m, or −$0.89 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 82 | 101 | 86 | 89 | 72 | 68 | 70 | 60 | 66 | 151 | 117 | 124 | 77 | 91 | 80 | 86 | 92 |
| Cost of revenue | 45 | 54 | 71 | 59 | 66 | 73 | 52 | 53 | 46 | 51 | 114 | 87 | 90 | 60 | 70 | 59 | 58 | 61 |
| Gross profit | 23 | 28 | 30 | 27 | 23 | −1 | 16 | 17 | 15 | 15 | 37 | 30 | 34 | 18 | 21 | 20 | 28 | 31 |
| Research and development | 2 | 2 | 3 | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Selling and marketing | 13 | 14 | 16 | 17 | 14 | 13 | 11 | 13 | 12 | 9 | 11 | 10 | 12 | 11 | 13 | 12 | 10 | 11 |
| General and administrative | 13 | 12 | 11 | 14 | 15 | 15 | 17 | 15 | 13 | 10 | 11 | 11 | 12 | 19 | 17 | 18 | 19 | 18 |
| Operating income | −5 | −0 | 1 | −7 | −8 | −32 | −20 | −13 | −13 | −6 | 13 | 7 | 8 | −16 | −11 | −11 | −2 | 1 |
| Interest expense | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | — | — | — | — |
| Income before tax | −4 | −1 | 1 | −6 | −8 | −32 | −20 | −13 | −13 | −7 | 13 | 7 | 8 | −16 | −12 | −12 | −3 | 0 |
| Income tax | −1 | −1 | 0 | 4 | −2 | 0 | 0 | −0 | −0 | 0 | 0 | −20 | 2 | 18 | 0 | 0 | 0 | 0 |
| Net income | −3 | 0 | 0 | −10 | −6 | −32 | −20 | −12 | −13 | −7 | 12 | 26 | 6 | −34 | −12 | −12 | −3 | 0 |
| Diluted EPS | −$1.60 | $0.01 | $0.20 | −$5.00 | −$3.00 | −$14.30 | −$7.30 | −$4.40 | −$4.60 | −$2.30 | $4.00 | $8.30 | $1.90 | −$10.80 | −$3.59 | −$3.59 | −$0.89 | $0.01 |
| Diluted shares (average) | 2m | 2m | 2m | 2m | 2m | 2m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 4m | 4m |
| EBITDA | −2 | 3 | 5 | −2 | −4 | −28 | −16 | −10 | −11 | −4 | 15 | 8 | 10 | −14 | −8 | −8 | 0 | 3 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 20 | 21 | 20 | 20 | 21 | 26 | 26 |
| Cost of revenue | 15 | 14 | 15 | 14 | 14 | 15 | 16 | 17 |
| Gross profit | 4 | 6 | 6 | 6 | 6 | 7 | 10 | 9 |
| Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling and marketing | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 |
| General and administrative | 5 | 4 | 5 | 4 | 4 | 3 | 7 | 4 |
| Operating income | −3 | −1 | −3 | −1 | −0 | 0 | −1 | 2 |
| Income before tax | −4 | −2 | −3 | −1 | −1 | 0 | −1 | 2 |
| Income tax | 0 | 0 | −0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −4 | −2 | −3 | −1 | −1 | 0 | −1 | 2 |
| Diluted EPS | −$1.10 | −$0.46 | −$0.88 | −$0.37 | −$0.17 | $0.04 | −$0.41 | $0.47 |
| EBITDA | −3 | −1 | −1 | −1 | 0 | 1 | 0 | 2 |
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