What is Orion Energy Sys Inc's earnings per share (EPS)?

Orion Energy Sys Inc (OESX) reported diluted earnings per share of -$0.89 for fiscal year 2026. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Orion Energy Sys Inc Financials

OESX

Trailing 12 months to June 30, 2026

Revenue $92.5M +16.5% YoY

Net Income $3K +100.0% YoY

EPS (Diluted) -$0.07 YoY not available

Free Cash Flow $250K -91.4% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE March

Orion Energy Sys Inc (OESX) reported $92.5M in revenue over the twelve months to Jun 30, 2026, up 16.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OESX FY2026 2026-08-30

Margin expansion is repairing profitability faster than revenue growth, but cash generation remains uneven.

Gross margin reached 32.6% in FY2026, up from 25.4% in FY2025. Revenue recovered to $86.3M while operating loss narrowed to -$1.6M, showing that improved gross-profit economics are flowing close to the bottom line.

Operating cash flow swung from $599K in FY2025 to -$1.1M in FY2026. That reversal alongside net loss of -$3.2M and free cash flow of -$1.2M means near-break-even earnings have not yet translated into repeatable cash generation.

Total liabilities fell from $40.6M to $35.0M between FY2025 and FY2026, indicating a smaller obligations base. The reported liquidity comparison was 36.3 months of annual operating outflow, while the current ratio was 1.4x; that cushion coexists with negative operating cash flow.

Financial Health Signals

Financial Health Score 51/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Orion Energy Sys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

0.48

Orion Energy Sys Inc scores 0.48, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($108.4M) relative to total liabilities ($35.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Orion Energy Sys Inc passes 7 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Orion Energy Sys Inc reported a net loss of $3.2M while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$86.3M

YoY+8.3%

5Y CAGR-5.9%

10Y CAGR+2.5%

Orion Energy Sys Inc generated $86.3M in revenue in fiscal year 2026. This represents an increase of 8.3% from the prior year.

EBITDA

$142K

YoY+101.8%

5Y CAGR-55.7%

Orion Energy Sys Inc's EBITDA was $142K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 101.8% from the prior year.

Net Income

-$3.2M

YoY+76.5%

Orion Energy Sys Inc reported -$3.2M in net income in fiscal year 2026. This represents an increase of 76.5% from the prior year.

EPS (Diluted)

-$0.89

Orion Energy Sys Inc earned -$0.89 per diluted share (EPS) in fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow

-$1.2M

YoY-332.4%

Orion Energy Sys Inc recorded an outflow of $1.2M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 332.4% from the prior year.

Cash & Debt

$3.3M

YoY-45.3%

5Y CAGR-30.0%

10Y CAGR-14.4%

Orion Energy Sys Inc held $3.3M in cash against $5.6M in long-term debt as of fiscal year 2026.

Shares Outstanding

Orion Energy Sys Inc had 4M shares outstanding in fiscal year 2026.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin

32.6%

YoY+7.2pp

5Y CAGR+6.8pp

10Y CAGR+8.9pp

Orion Energy Sys Inc's gross margin was 32.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 7.2 percentage points from the prior year.

Operating Margin

-1.9%

YoY+11.4pp

5Y CAGR-7.8pp

10Y CAGR+27.5pp

Orion Energy Sys Inc's operating margin was -1.9% in fiscal year 2026, reflecting core business profitability. This is up 11.4 percentage points from the prior year.

Net Margin

-3.7%

YoY+13.4pp

5Y CAGR-26.1pp

10Y CAGR+26.0pp

Orion Energy Sys Inc's net profit margin was -3.7% in fiscal year 2026, showing the share of revenue converted to profit. This is up 13.4 percentage points from the prior year.

Return on Equity

-19.2%

YoY+95.2pp

5Y CAGR-64.2pp

10Y CAGR+24.5pp

Orion Energy Sys Inc's ROE was -19.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 95.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$945K

YoY-23.1%

5Y CAGR-10.9%

10Y CAGR-5.5%

Orion Energy Sys Inc invested $945K in research and development in fiscal year 2026. This represents a decrease of 23.1% from the prior year.

Capital Expenditures

$83K

YoY-16.2%

5Y CAGR-37.9%

10Y CAGR-14.6%

Orion Energy Sys Inc invested $83K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 16.2% from the prior year.

Share Buybacks

Not reported for fiscal year 2026.

OESX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OESX quarterly income statement

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	$92.5M	$86.3M+8.3%	$79.7M-12.0%	$90.6M+17.1%	$77.4M-37.8%	$124.4M+6.5%	$116.8M-22.5%	$150.8M+129.4%	$65.8M+9.0%	$60.3M-14.1%	$70.2M+3.8%	$67.6M-6.3%	$72.2M-18.5%	$88.6M+2.9%	$86.1M-14.4%	$100.6M
Cost of Revenue	$61.4M	$58.2M-2.1%	$59.5M-14.6%	$69.7M+16.4%	$59.9M-33.8%	$90.5M+4.3%	$86.7M-23.7%	$113.7M+122.1%	$51.2M+12.2%	$45.6M-13.7%	$52.9M+2.4%	$51.6M-29.6%	$73.3M+11.7%	$65.6M+10.6%	$59.4M-15.8%	$70.5M
Gross Profit	$31.1M	$28.1M+38.8%	$20.2M-3.2%	$20.9M+19.4%	$17.5M-48.4%	$33.9M+12.6%	$30.1M-18.9%	$37.1M+155.1%	$14.6M-0.8%	$14.7M-15.4%	$17.3M+8.4%	$16.0M+1506.9%	-$1.1M-104.9%	$23.0M-14.0%	$26.7M-11.0%	$30.0M
R&D Expenses	$1.0M	$945K-23.1%	$1.2M-17.8%	$1.5M-19.3%	$1.9M+8.9%	$1.7M+0.9%	$1.7M-1.8%	$1.7M+24.9%	$1.4M-27.9%	$1.9M-4.9%	$2.0M+20.1%	$1.7M-34.7%	$2.6M+26.1%	$2.0M-10.3%	$2.3M-10.3%	$2.5M
SG&A Expenses	$18.1M	$18.7M+3.8%	$18.0M+7.6%	$16.7M-14.1%	$19.5M+66.8%	$11.7M+3.7%	$11.3M+0.7%	$11.2M+9.3%	$10.2M-22.3%	$13.2M-10.9%	$14.8M-12.5%	$16.9M+13.3%	$14.9M-0.3%	$15.0M+7.2%	$13.9M+22.3%	$11.4M
Operating Income	$1.5M	-$1.6M+84.5%	-$10.6M+2.1%	-$10.8M+32.3%	-$16.0M-290.5%	$8.4M+22.7%	$6.8M-47.9%	$13.1M+312.9%	-$6.2M+52.6%	-$13.0M-3.6%	-$12.5M+37.1%	-$19.9M+37.6%	-$31.9M-282.8%	-$8.3M-26.3%	-$6.6M-1365.1%	$522K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$493K+48.0%	$333K+104.3%	$163K-45.1%	$297K-21.0%	$376K-21.8%	$481K-15.2%	$567K+2.9%	$551K
Income Tax	$78K	$60K+42.9%	$42K+2.4%	$41K-99.8%	$18.0M+732.7%	$2.2M+111.0%	-$19.6M-12437.1%	$159K+1035.7%	$14K+193.3%	-$15K+94.3%	-$261K-825.0%	$36K-26.5%	$49K+102.4%	-$2.1M-150.5%	$4.1M+1000.8%	$370K
Net Income	$3K	-$3.2M+76.5%	-$13.6M+13.4%	-$15.7M+54.3%	-$34.3M-663.8%	$6.1M-76.7%	$26.1M+109.7%	$12.5M+286.7%	-$6.7M+49.2%	-$13.1M-6.8%	-$12.3M+38.9%	-$20.1M+37.2%	-$32.1M-417.2%	-$6.2M+40.4%	-$10.4M-2253.0%	$483K
EPS (Diluted)	-$0.07	-$0.89	-$3.590.0%	-$3.59	-$1.08-668.4%	$0.19-77.1%	$0.83+107.5%	$0.40+273.9%	-$0.23+50.0%	-$0.46-4.5%	-$0.44+39.7%	-$0.73+49.0%	-$1.43-376.7%	-$0.30+40.0%	-$0.50-2600.0%	$0.02

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Revenue	$25.7M+0.1%	$25.7M+22.0%	$21.1M+5.9%	$19.9M+1.8%	$19.6M-6.2%	$20.9M+6.6%	$19.6M+1.2%	$19.4M
Cost of Revenue	$16.8M+3.8%	$16.2M+11.2%	$14.6M+6.1%	$13.7M+0.5%	$13.7M-9.8%	$15.2M+9.6%	$13.8M-7.1%	$14.9M
Gross Profit	$8.9M-6.3%	$9.5M+46.1%	$6.5M+5.3%	$6.2M+4.7%	$5.9M+3.3%	$5.7M-0.7%	$5.8M+28.7%	$4.5M
R&D Expenses	$268K-0.4%	$269K+13.5%	$237K+2.6%	$231K+11.1%	$208K-40.6%	$350K+22.0%	$287K-12.5%	$328K
SG&A Expenses	$3.7M-48.7%	$7.2M+112.8%	$3.4M-11.2%	$3.8M-11.1%	$4.3M-15.1%	$5.1M+31.0%	$3.9M-15.6%	$4.6M
Operating Income	$2.1M+373.1%	-$773K-300.3%	$386K+259.5%	-$242K+76.1%	-$1.0M+61.7%	-$2.6M-111.6%	-$1.2M+61.8%	-$3.3M
Income Tax	$5K-88.9%	$45K+150.0%	$18K+80.0%	$10K+176.9%	-$13K-333.3%	-$3K-400.0%	$1K-95.7%	$23K
Net Income	$2.0M+227.6%	-$1.5M-1059.4%	$160K+127.5%	-$581K+53.3%	-$1.2M+73.6%	-$4.7M-212.3%	-$1.5M+58.4%	-$3.6M
EPS (Diluted)	$0.47+214.6%	-$0.41-1125.0%	$0.04+123.5%	-$0.17	-$0.37	-$0.88	-$0.46+58.2%	-$1.10

Not reported in any period shown, so not listed: Interest Expense.

OESX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OESX quarterly balance sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$51.6M-1.6%	$52.5M-16.9%	$63.2M-11.7%	$71.6M-17.6%	$86.8M-6.5%	$92.8M+27.9%	$72.6M+29.5%	$56.0M+23.6%	$45.3M-27.0%	$62.1M-12.5%	$70.9M-19.3%	$87.8M-11.3%	$98.9M-3.1%	$102.1M-18.7%	$125.7M
Current Assets	$37.7M+6.2%	$35.5M-20.8%	$44.8M-11.0%	$50.4M-1.7%	$51.2M-9.3%	$56.5M+2.8%	$55.0M+32.8%	$41.4M+40.5%	$29.5M-32.9%	$43.9M-9.6%	$48.5M-11.8%	$55.0M+9.3%	$50.3M-4.5%	$52.7M-21.6%	$67.2M
Cash & Equivalents	$3.3M-45.3%	$6.0M+15.8%	$5.2M-67.8%	$16.0M+10.5%	$14.5M-25.4%	$19.4M-32.5%	$28.8M+229.4%	$8.7M-7.4%	$9.4M-45.5%	$17.3M+11.4%	$15.5M-22.3%	$20.0M+13.9%	$17.6M+22.2%	$14.4M-37.5%	$23.0M
Inventory	$10.3M-9.6%	$11.4M-37.6%	$18.2M+0.2%	$18.2M-8.2%	$19.8M+1.4%	$19.6M+34.8%	$14.5M+8.2%	$13.4M+71.3%	$7.8M-42.4%	$13.6M-20.2%	$17.0M+19.2%	$14.3M+21.1%	$11.8M-17.6%	$14.3M-21.1%	$18.1M
Accounts Receivable	$16.3M+27.2%	$12.8M-8.4%	$14.0M+2.1%	$13.7M+15.4%	$11.9M-12.3%	$13.6M+30.2%	$10.4M-29.6%	$14.8M+69.5%	$8.7M-4.7%	$9.2M-15.8%	$10.9M-40.4%	$18.3M+21.0%	$15.1M-17.9%	$18.4M-4.0%	$19.2M
Goodwill	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M+324.0%	$350K	N/A	N/A	N/A	$0	$0	$0-100.0%	$4.4M0.0%	$4.4M	$0	N/A
Total Liabilities	$35.0M-13.8%	$40.6M-0.1%	$40.6M+6.0%	$38.3M+76.5%	$21.7M-37.5%	$34.7M-16.3%	$41.5M+9.1%	$38.1M+73.7%	$21.9M-17.7%	$26.6M+6.9%	$24.9M+6.9%	$23.3M+6.2%	$21.9M-9.9%	$24.3M-26.0%	$32.9M
Current Liabilities	$26.7M-0.6%	$26.8M-4.3%	$28.1M+14.7%	$24.5M+33.1%	$18.4M-39.5%	$30.4M+11.6%	$27.2M-0.5%	$27.3M+66.4%	$16.4M-10.7%	$18.4M-4.6%	$19.3M+5.3%	$18.3M+6.6%	$17.2M-8.4%	$18.8M-17.4%	$22.7M
Long-Term Debt	$5.6M-43.6%	$10.0M-0.3%	$10.0M0.0%	$10.0M+52547.4%	$19K-45.7%	$35K-99.7%	$10.1M+8.4%	$9.3M+131.3%	$4.0M-41.1%	$6.8M+69.6%	$4.0M+24.8%	$3.2M+2.3%	$3.2M-23.3%	$4.1M-38.7%	$6.7M
Total Equity	$16.6M+39.9%	$11.9M-47.3%	$22.5M-32.2%	$33.2M-48.9%	$65.1M+12.1%	$58.1M+87.1%	$31.0M+72.7%	$18.0M-23.3%	$23.4M-33.9%	$35.5M-22.9%	$46.0M-28.7%	$64.5M-16.2%	$77.0M-1.0%	$77.8M-16.2%	$92.8M
Retained Earnings	-$118.1M-2.8%	-$114.9M-11.4%	-$103.1M-12.8%	-$91.4M-60.2%	-$57.1M+9.6%	-$63.2M+29.3%	-$89.3M+12.2%	-$101.8M-6.6%	-$95.5M-15.9%	-$82.4M-17.5%	-$70.1M-40.3%	-$50.0M-179.2%	-$17.9M-53.0%	-$11.7M-804.3%	-$1.3M

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Total Assets	$53.3M+3.3%	$51.6M+7.0%	$48.3M+0.7%	$47.9M-2.3%	$49.0M-6.6%	$52.5M-0.5%	$52.7M-6.3%	$56.3M
Current Assets	$39.2M+4.1%	$37.7M+14.9%	$32.8M+2.5%	$32.0M-2.0%	$32.7M-8.0%	$35.5M-4.4%	$37.1M-7.1%	$40.0M
Cash & Equivalents	$5.2M+58.2%	$3.3M-30.8%	$4.7M-8.4%	$5.2M+44.6%	$3.6M-40.3%	$6.0M-20.3%	$7.5M+39.6%	$5.4M
Inventory	$10.4M+0.6%	$10.3M+4.4%	$9.9M-5.4%	$10.4M+1.2%	$10.3M-9.6%	$11.4M-15.4%	$13.5M-10.3%	$15.0M
Accounts Receivable	$14.4M-12.0%	$16.3M+23.3%	$13.2M+15.1%	$11.5M-14.9%	$13.5M+5.3%	$12.8M+5.0%	$12.2M+4.5%	$11.7M
Goodwill	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M0.0%	$1.5M
Total Liabilities	$34.6M-1.2%	$35.0M-3.9%	$36.4M-0.3%	$36.5M-4.4%	$38.2M-5.8%	$40.6M+6.1%	$38.2M-5.5%	$40.5M
Current Liabilities	$25.6M-4.2%	$26.7M+10.1%	$24.2M+1.2%	$23.9M-9.8%	$26.6M-1.1%	$26.8M+1.0%	$26.6M-1.1%	$26.9M
Long-Term Debt	$6.3M+11.4%	$5.6M-37.8%	$9.0M-2.3%	$9.3M+13.7%	$8.1M-18.4%	$10.0M	N/A	$12.2M
Total Equity	$18.7M+12.7%	$16.6M+40.5%	$11.8M+4.0%	$11.4M+5.3%	$10.8M-9.1%	$11.9M-17.9%	$14.5M-8.4%	$15.8M
Retained Earnings	-$116.1M+1.7%	-$118.1M-1.3%	-$116.6M+0.1%	-$116.7M-0.5%	-$116.1M-1.1%	-$114.9M-2.6%	-$112.0M-1.4%	-$110.5M

OESX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OESX quarterly cash flow statement

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$788K	-$1.1M-280.1%	$599K+105.9%	-$10.1M-340.5%	-$2.3M-1927.4%	-$113K-106.5%	$1.7M-91.5%	$20.3M+502.2%	-$5.1M-14.6%	-$4.4M-132.0%	-$1.9M+45.2%	-$3.5M+72.9%	-$12.8M-229.4%	$9.9M+337.9%	$2.3M-80.3%	$11.5M
Capital Expenditures	$34K	$83K-16.2%	$99K-88.2%	$837K+42.8%	$586K+13.1%	$518K-42.6%	$902K+10.8%	$814K+113.6%	$381K-25.6%	$512K-22.4%	$660K+64.6%	$401K-80.0%	$2.0M+389.3%	$410K-81.0%	$2.2M-50.1%	$4.3M
Free Cash Flow	$250K	-$1.2M-332.4%	$500K+104.6%	-$10.9M-279.9%	-$2.9M-355.9%	-$631K-176.3%	$827K-95.8%	$19.5M+459.1%	-$5.4M-10.4%	-$4.9M-92.2%	-$2.6M+33.8%	-$3.9M+73.9%	-$14.8M-256.1%	$9.5M+9204.9%	$102K-98.6%	$7.2M
Investing Cash Flow	-$37K	-$86K-167.2%	$128K+117.5%	-$731K+88.2%	-$6.2M-26.0%	-$4.9M-419.9%	-$946K-1.1%	-$936K-108.5%	-$449K+23.2%	-$585K-135.5%	$1.6M+543.3%	-$372K+49.0%	-$730K+84.8%	-$4.8M-112.0%	-$2.3M+49.9%	-$4.5M
Financing Cash Flow	$850K	-$1.5M-1813.3%	$90K+742.9%	-$14K-100.1%	$10.0M+9526.9%	$104K+101.0%	-$10.1M-1748.9%	$615K-87.2%	$4.8M+266.9%	-$2.9M-242.8%	$2.0M+428.3%	-$615K-103.8%	$16.0M+943.1%	-$1.9M+78.0%	-$8.6M-292.2%	$4.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$6.0M+711.8%	$740K

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Operating Cash Flow	$1.4M+191.0%	-$1.5M-65.7%	-$897K-149.3%	$1.8M+453.2%	-$515K+26.3%	-$699K-118.6%	$3.8M+655.4%	$498K
Capital Expenditures	$6K-76.0%	$25K-90.1%	-$252K-1.2%	$255K+363.6%	$55K+7.8%	$51K+168.4%	$19K+280.0%	$5K
Free Cash Flow	$1.3M+189.1%	-$1.5M-31.5%	-$1.1M-173.5%	$1.6M+374.4%	-$570K+24.0%	-$750K-120.0%	$3.7M+659.2%	$493K
Investing Cash Flow	-$6K+76.0%	-$25K-110.0%	$251K+197.7%	-$257K-367.3%	-$55K-816.7%	-$6K+71.4%	-$21K-111.7%	$179K
Financing Cash Flow	$554K+907.3%	$55K-74.1%	$212K+631.0%	$29K+101.6%	-$1.8M-124.1%	-$820K+49.2%	-$1.6M-61.3%	-$1.0M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

OESX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

OESX quarterly financial ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	32.6%+7.2pp	25.4%+2.3pp	23.1%+0.5pp	22.6%-4.6pp	27.3%+1.5pp	25.8%+1.2pp	24.6%+2.5pp	22.1%-2.2pp	24.3%-0.4pp	24.7%+1.0pp	23.6%+25.2pp	-1.6%-27.5pp	25.9%-5.1pp	31.1%+1.2pp	29.9%
Operating Margin	-1.9%+11.4pp	-13.3%-1.3pp	-11.9%+8.7pp	-20.7%-27.4pp	6.8%+0.9pp	5.9%-2.8pp	8.7%+18.1pp	-9.4%+12.2pp	-21.5%-3.7pp	-17.8%+11.6pp	-29.4%+14.8pp	-44.2%-34.8pp	-9.4%-1.7pp	-7.7%-8.2pp	0.5%
Net Margin	-3.7%+13.4pp	-17.1%+0.3pp	-17.3%+27.0pp	-44.4%-49.3pp	4.9%-17.5pp	22.4%+14.1pp	8.3%+18.4pp	-10.2%+11.6pp	-21.8%-4.3pp	-17.5%+12.3pp	-29.8%+14.7pp	-44.4%-37.4pp	-7.0%+5.1pp	-12.1%-12.6pp	0.5%
Return on Equity	-19.2%+95.2pp	-114.4%-44.8pp	-69.7%+33.6pp	-103.3%-112.6pp	9.4%-35.6pp	45.0%+4.8pp	40.2%+77.3pp	-37.1%+18.9pp	-56.0%-21.4pp	-34.7%+9.1pp	-43.8%+5.9pp	-49.7%-41.6pp	-8.1%+5.3pp	-13.4%-13.9pp	0.5%
Return on Assets	-6.2%+19.7pp	-25.9%-1.1pp	-24.9%+23.1pp	-48.0%-55.0pp	7.0%-21.1pp	28.2%+11.0pp	17.2%+29.1pp	-11.9%+17.1pp	-29.0%-9.2pp	-19.8%+8.6pp	-28.4%+8.1pp	-36.5%-30.2pp	-6.3%+3.9pp	-10.2%-10.6pp	0.4%
Current Ratio	1.41+0.1x	1.32-0.3x	1.60-0.5x	2.06-0.7x	2.79+0.9x	1.86-0.2x	2.02+0.5x	1.51-0.3x	1.79-0.6x	2.39-0.1x	2.52-0.5x	3.00+0.1x	2.93+0.1x	2.81-0.2x	2.96
Debt-to-Equity	0.34-0.5x	0.84+0.4x	0.44+0.1x	0.30+0.3x	0.000.0x	0.00-0.3x	0.32-0.2x	0.52+0.3x	0.170.0x	0.19+0.1x	0.090.0x	0.050.0x	0.040.0x	0.050.0x	0.07
FCF Margin	-1.4%-2.0pp	0.6%+12.7pp	-12.1%-8.3pp	-3.7%-3.2pp	-0.5%-1.2pp	0.7%-12.2pp	13.0%+21.2pp	-8.3%-0.1pp	-8.2%-4.5pp	-3.6%+2.1pp	-5.7%+14.8pp	-20.5%-31.2pp	10.7%+10.6pp	0.1%-7.0pp	7.1%

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Gross Margin	34.6%-2.3pp	37.0%+6.1pp	30.9%-0.2pp	31.0%+0.9pp	30.1%+2.8pp	27.4%-2.0pp	29.4%+6.3pp	23.1%
Operating Margin	8.2%+11.2pp	-3.0%-4.8pp	1.8%+3.0pp	-1.2%+4.0pp	-5.2%+7.5pp	-12.7%-6.3pp	-6.4%+10.5pp	-16.9%
Net Margin	7.6%+13.6pp	-6.0%-6.7pp	0.8%+3.7pp	-2.9%+3.4pp	-6.4%+16.2pp	-22.6%-14.9pp	-7.7%+11.0pp	-18.7%
Return on Equity	10.4%+19.7pp	-9.2%-10.6pp	1.4%+6.5pp	-5.1%+6.4pp	-11.5%+28.1pp	-39.6%-29.2pp	-10.4%+12.5pp	-22.9%
Return on Assets	3.7%+6.7pp	-3.0%-3.3pp	0.3%+1.5pp	-1.2%+1.3pp	-2.5%+6.4pp	-9.0%-6.1pp	-2.9%+3.6pp	-6.4%
Current Ratio	1.54+0.1x	1.41+0.1x	1.350.0x	1.34+0.1x	1.23-0.1x	1.32-0.1x	1.40-0.1x	1.49
Debt-to-Equity	0.330.0x	0.34-0.4x	0.760.0x	0.81+0.1x	0.75-0.1x	0.84-1.8x	2.64+1.9x	0.77
FCF Margin	5.2%+11.1pp	-5.9%-0.4pp	-5.5%-13.3pp	7.8%+10.8pp	-2.9%+0.7pp	-3.6%-22.7pp	19.1%+16.6pp	2.5%

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Where Orion Energy Sys Inc Ranks

Frequently Asked Questions

What is Orion Energy Sys Inc's annual revenue?

Orion Energy Sys Inc (OESX) reported $86.3M in total revenue for fiscal year 2026. This represents a 8.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Orion Energy Sys Inc's revenue growing?

Orion Energy Sys Inc (OESX) revenue grew by 8.3% year-over-year, from $79.7M to $86.3M in fiscal year 2026.

Is Orion Energy Sys Inc profitable?

No, Orion Energy Sys Inc (OESX) reported a net income of -$3.2M in fiscal year 2026, with a net profit margin of -3.7%.

What is Orion Energy Sys Inc's EBITDA?

Orion Energy Sys Inc (OESX) had EBITDA of $142K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Orion Energy Sys Inc have?

As of fiscal year 2026, Orion Energy Sys Inc (OESX) had $3.3M in cash and equivalents against $5.6M in long-term debt.

What is Orion Energy Sys Inc's gross margin?

Orion Energy Sys Inc (OESX) had a gross margin of 32.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Orion Energy Sys Inc's operating margin?

Orion Energy Sys Inc (OESX) had an operating margin of -1.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Orion Energy Sys Inc's net profit margin?

Orion Energy Sys Inc (OESX) had a net profit margin of -3.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Orion Energy Sys Inc's return on equity (ROE)?

Orion Energy Sys Inc (OESX) has a return on equity of -19.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Orion Energy Sys Inc's free cash flow?

Orion Energy Sys Inc (OESX) recorded an outflow of $1.2M in free cash flow during fiscal year 2026. This represents a -332.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Orion Energy Sys Inc's operating cash flow?

Orion Energy Sys Inc (OESX) recorded an outflow of $1.1M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are Orion Energy Sys Inc's total assets?

Orion Energy Sys Inc (OESX) had $51.6M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Orion Energy Sys Inc's capital expenditures?

Orion Energy Sys Inc (OESX) invested $83K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Orion Energy Sys Inc spend on research and development?

Orion Energy Sys Inc (OESX) invested $945K in research and development during fiscal year 2026.

How many shares does Orion Energy Sys Inc have outstanding?

Orion Energy Sys Inc (OESX) had 4M shares outstanding as of fiscal year 2026.

What is Orion Energy Sys Inc's current ratio?

Orion Energy Sys Inc (OESX) had a current ratio of 1.41 as of fiscal year 2026, which is considered adequate.

What is Orion Energy Sys Inc's debt-to-equity ratio?

Orion Energy Sys Inc (OESX) had a debt-to-equity ratio of 0.34 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Orion Energy Sys Inc's return on assets (ROA)?

Orion Energy Sys Inc (OESX) had a return on assets of -6.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

How does Orion Energy Sys Inc's liquidity compare with its operating cash outflow?

At the end of fiscal year 2026, Orion Energy Sys Inc (OESX) held $3.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.1M over that year. Dividing the one by the other, the reported balance equals about 36 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Orion Energy Sys Inc's Altman Z-Score?

Orion Energy Sys Inc (OESX) has an Altman Z-Score of 0.48, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Orion Energy Sys Inc's Piotroski F-Score?

Orion Energy Sys Inc (OESX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Orion Energy Sys Inc's earnings high quality?

Orion Energy Sys Inc (OESX) reported a net loss of $3.2M while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Orion Energy Sys Inc?

Orion Energy Sys Inc (OESX) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.