Flux Power Reports 2026 Fiscal Third Quarter Financial Results
Rhea-AI Summary
Flux Power (NASDAQ: FLUX) reported fiscal Q3 2026 results for the quarter ended March 31, 2026. Revenue was $6.6 million and gross profit $1.8 million (27.3% margin). Operating expenses fell 30% year-over-year to $4.8 million; operating loss widened to $3.0 million. Cash was $0.4 million as of March 31, 2026. The company cited OEM order variability and geopolitical-driven fuel-price effects, implemented cost reductions, won a MODEX sustainability award, secured a $1.2 million airline battery order, and expects ~20% sequential revenue growth in Q4 based on early order signals.
AI-generated analysis. Not financial advice.
Positive
- Revenue from new large cargo airline customer: $1.2M battery order
- Operating expenses reduced by 30% year-over-year
- Gross profit margin of 27.3% in Q3 2026
- MODEX 2026 Innovation in Sustainability Award recognition
Negative
- Revenue declined ~60% year-over-year to $6.6M
- Operating loss widened to $3.0M in Q3 2026
- Cash balance low at $0.4M as of March 31, 2026
- Adjusted EBITDA negative $2.5M in the quarter
Key Figures
Market Reality Check
Peers on Argus
Scanner data flags a broader move, with 2 peers moving down and median declines around the sector. Names like GWH and XPON are also weak, while EPOW shows an opposing uptick, indicating mixed but generally pressured sentiment in related electrical equipment names.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 12 | Q2 2026 earnings | Positive | -18.3% | First GAAP net income with higher margins and adjusted EBITDA of $1.5M. |
| Nov 13 | Q1 2026 earnings | Negative | -16.4% | Revenue decline versus prior year with ongoing losses and negative EBITDA. |
| Sep 16 | FY2025 results | Positive | -11.8% | Strong Q4 and full-year revenue growth with notable gross margin improvement. |
| May 08 | Q3 2025 earnings | Positive | -4.1% | Revenue and margin expansion plus growing GSE orders and software initiatives. |
| Mar 20 | Q1–Q2 2025 results | Mixed | +20.0% | Mixed revenue trends with improved margins and sizable backlog but continued losses. |
Earnings releases have often been followed by negative price reactions despite operational progress, with an average move of about -6.08% on past earnings events.
Over the past year, Flux Power’s earnings updates have highlighted revenue growth phases, improving gross margins, and steps toward profitability, including its first-ever GAAP net income in Q2 2026 and FY2025 revenue of $66.4M. However, shares frequently sold off after these reports, with several earnings days seeing double‑digit percentage declines, suggesting a pattern of skeptical market responses to results and guidance.
Historical Comparison
Earnings headlines have historically led to average moves of about -6.08% for FLUX, indicating that the market often reacts cautiously to financial updates, even when operational metrics show progress.
Recent earnings trace a shift from revenue growth with losses toward periods of higher margins and the first GAAP net income, followed by renewed pressure as demand and financing constraints emerged.
Market Pulse Summary
This announcement highlights a sharp revenue decline to $6.6M, margin compression, and a wider net loss despite operating expense cuts. Cash of only $0.4M and recent covenant issues in filings underscore liquidity and financing risk. Historically, FLUX earnings events have averaged moves of about -6.08%, suggesting cautious market reactions. Monitoring order trends, gross margin recovery, and balance-sheet developments remains critical around future updates.
Key Terms
gaap financial
non-gaap financial
adjusted ebitda financial
AI-generated analysis. Not financial advice.
VISTA, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and software-driven electrification for commercial and industrial equipment, today reported financial and operational results for the 2026 fiscal third quarter ended March 31, 2026.
Third Quarter and Recent Business Highlights
- Third quarter revenue was
$6.6 million - Implemented additional cost reduction actions, resulting in quarterly operating expenses decreasing
30% year-over-year - Won Innovation in Sustainability Award at MODEX 2026 from a distinguished panel of industry experts, highlighting Flux Power’s leadership in clean energy solutions for the material handling industry
- Engaging with more OEMs and optimized OEM pricing structure for white-label products improving competitiveness and securing increased volume commitments
- Added new large cargo airline customer with a
$1.2 million battery order for its material handling equipment
CEO Commentary
“As expected, third quarter revenue was impacted mainly by our most significant material handling customer implementing a capital freeze and dynamic order patterns across the business,” said Krishna Vanka, Flux Power’s CEO. “Additionally, the onset of the geopolitical tensions towards the end of the quarter resulted in fuel price increases that unexpectedly delayed some customer order decisions.
“In response to these near-term challenges, we promptly implemented additional expense reduction actions to maintain our lean cost structure and to enhance future operating leverage. We have also taken steps to optimize our pricing structure to drive OEM volume purchases, enhance our sales organization with new leadership focused on OEM growth and expand our marketing outreach initiatives and brand awareness. We also had an extremely successful MODEX trade show winning a coveted industry Sustainability Award, while also meeting with many customers, partners and OEMs in our booth.
“As a result of these proactive efforts, we have seen other positive indications of increased order activity across the business that we believe point to renewed sequential revenue growth of about
2026 Fiscal Third Quarter Financial Results
Revenue for the third fiscal quarter of 2026 was
Operating expenses for the third quarter were
Operating loss for the third quarter was
Net loss for the third quarter was
Adjusted EBITDA for the third quarter was negative
Balance Sheet
Cash as of March 31, 2026 was
Conference Call
Flux Power will host a conference call on Thursday, May 7, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2026 fiscal third quarter financial results. To access the call, please use the following information:
Date: Thursday, May 7, 2026
Time: 1:30 p.m. Pacific Time | 4:30 p.m. Eastern Time
Toll-free dial-in number: 1-833-630-1956
International dial-in number: +1-412-317-1837
Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website.
For those unable to participate during the live broadcast of the conference call, a telephone replay will be available approximately two hours after the conference call and accessible through May 14, 2026. The replay dial-in number is 1-855-669-9658, and the access code 5565631. International callers should dial +1-412-317-0088 and enter the same pass code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days.
Non-GAAP Financial Measures
Flux Power has presented in this release certain financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and also on a non-GAAP basis, including non-GAAP net operating loss, non-GAAP net loss, and adjusted EBITDA.
Management believes that these non-GAAP financial measures, when viewed with Flux Power’s results under GAAP and the accompanying reconciliations, provide useful information about Flux Power’s period-over-period results. These non-GAAP financial measures are presented because management believes they provide additional information with respect to the performance of Flux Power’s fundamental business activities and adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Flux Power also relies on adjusted EBITDA as a primary measure to review and assess the operating performance of the Company and its management team.
These non-GAAP financial measures should not be considered in isolation from, or construed as a substitute for, financial measures determined in accordance with GAAP for the purpose of analyzing Flux Power’s operating performance or financial position. Reconciliations of these non-GAAP financial measures are included in the tables at the end of this release.
About Flux Power
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements include, but are not limited to, statements regarding Flux Power’s revenue growth expectations and quotes from management. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend the terms of its agreement with Gibraltar Business Capital, LLC and Flux Power’s continued access to its credit facility thereunder; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to remediate material weaknesses in its controls and procedures and also those identified in its internal control over financial reporting, or to accurately or timely report its financial condition or results of operations; Flux Power’s ability to continue to meet the continued listing standards of the Nasdaq Stock Market; Flux Power’s ability to secure sufficient funding to support its current and proposed operations. Flux Power’s ability to manage its working capital requirements efficiently; Flux Power’s ability to obtain the necessary funds from its credit facilities; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with larger companies with far greater resources than it; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
Follow us at:
Blog: Flux Power Blog
News Flux Power News
Twitter: @Flux__Power
LinkedIn: Flux Power
| FLUX POWER HOLDINGS, INC. | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended March 31, | Nine months ended March 31, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Revenues | $ | 6,588,000 | $ | 16,742,000 | $ | 33,884,000 | $ | 49,697,000 | |||||||
| Cost of sales | 4,788,000 | 11,455,000 | 23,424,000 | 33,729,000 | |||||||||||
| Gross profit | 1,800,000 | 5,287,000 | 10,460,000 | 15,968,000 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling and administrative | 4,168,000 | 5,717,000 | 12,638,000 | 16,817,000 | |||||||||||
| Research and development | 623,000 | 1,147,000 | 2,196,000 | 3,419,000 | |||||||||||
| Total operating expenses | 4,791,000 | 6,864,000 | 14,834,000 | 20,236,000 | |||||||||||
| Operating loss | (2,991,000 | ) | (1,577,000 | ) | (4,374,000 | ) | (4,268,000 | ) | |||||||
| Interest expense, net | (184,000 | ) | (362,000 | ) | (762,000 | ) | (1,227,000 | ) | |||||||
| Net loss | $ | (3,175,000 | ) | $ | (1,939,000 | ) | $ | (5,136,000 | ) | $ | (5,495,000 | ) | |||
| Net loss per share - basic and diluted | $ | (0.15 | ) | $ | (0.12 | ) | $ | (0.27 | ) | $ | (0.33 | ) | |||
| Weighted average number of common shares outstanding - basic and diluted | 21,340,371 | 16,684,320 | 19,289,746 | 16,683,074 | |||||||||||
| FLUX POWER HOLDINGS, INC. | |||||||||||||||
| NON-GAAP NET INCOME (LOSS) ADJUSTMENTS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended March 31, | Nine months ended March 31, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net loss | $ | (3,175,000 | ) | $ | (1,939,000 | ) | $ | (5,136,000 | ) | $ | (5,495,000 | ) | |||
| Non-GAAP adjustments to net loss: | |||||||||||||||
| Stock-based compensation | 240,000 | 206,000 | 734,000 | 831,000 | |||||||||||
| Restatement and related costs | - | 588,000 | - | 1,910,000 | |||||||||||
| Total Non-GAAP adjustments | 240,000 | 794,000 | 734,000 | 2,741,000 | |||||||||||
| Non-GAAP net loss | (2,935,000 | ) | (1,145,000 | ) | (4,402,000 | ) | (2,754,000 | ) | |||||||
| Non-GAAP net loss per share - basic | $ | (0.14 | ) | $ | (0.07 | ) | $ | (0.23 | ) | $ | (0.17 | ) | |||
| Non-GAAP net loss per share - diluted | $ | (0.14 | ) | $ | (0.07 | ) | $ | (0.23 | ) | $ | (0.17 | ) | |||
| FLUX POWER HOLDINGS, INC. | |||||||||||||||
| NON-GAAP OPERATING INCOME (LOSS) ADJUSTMENTS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended March 31, | Nine months ended March 31, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Operating loss | $ | (2,991,000 | ) | $ | (1,577,000 | ) | $ | (4,374,000 | ) | $ | (4,268,000 | ) | |||
| Non-GAAP adjustments to operating loss: | |||||||||||||||
| Stock-based compensation | 240,000 | 206,000 | 734,000 | 831,000 | |||||||||||
| Restatement and related costs | - | 588,000 | - | 1,910,000 | |||||||||||
| Total Non-GAAP adjustments | 240,000 | 794,000 | 734,000 | 2,741,000 | |||||||||||
| Non-GAAP operating loss | $ | (2,751,000 | ) | $ | (783,000 | ) | $ | (3,640,000 | ) | $ | (1,527,000 | ) | |||
| FLUX POWER HOLDINGS, INC. | |||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (Unaudited) | |||||||
| March 31, | June 30, | ||||||
| 2026 | 2025 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash | $ | 372,000 | $ | 1,334,000 | |||
| Accounts receivable, net of allowance for credit losses of | 3,864,000 | 11,374,000 | |||||
| Inventories, net | 16,656,000 | 17,231,000 | |||||
| Other current assets | 2,539,000 | 1,865,000 | |||||
| Total current assets | 23,431,000 | 31,804,000 | |||||
| Right of use assets, net | 748,000 | 1,275,000 | |||||
| Property, plant and equipment, net | 1,331,000 | 1,554,000 | |||||
| Other assets | 92,000 | 119,000 | |||||
| Total assets | $ | 25,602,000 | $ | 34,752,000 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 8,268,000 | $ | 16,295,000 | |||
| Accrued expenses | 5,637,000 | 7,058,000 | |||||
| Line of credit | 5,722,000 | 13,627,000 | |||||
| Subordinated debt | - | 1,000,000 | |||||
| Deferred revenue | 142,000 | 459,000 | |||||
| Customer deposits | 62,000 | 38,000 | |||||
| Finance leases payable, current portion | 87,000 | 80,000 | |||||
| Office leases payable, current portion | 621,000 | 815,000 | |||||
| Accrued interest | 53,000 | 246,000 | |||||
| Total current liabilities | 20,592,000 | 39,618,000 | |||||
| Long term liabilities: | |||||||
| Finance leases payable, less current portion | 22,000 | 32,000 | |||||
| Office leases payable, less current portion | 83,000 | 506,000 | |||||
| Deferred revenue, less current portion | 292,000 | - | |||||
| Total liabilities | 20,989,000 | 40,156,000 | |||||
| Stockholders’ equity (deficit): | |||||||
| Preferred stock, $.001 par value; 3,000,000 and 500,000 shares authorized at March 31, 2026 and June 30, 2025, respectively; none issued and outstanding | - | - | |||||
| Common stock, | 21,000 | 17,000 | |||||
| Additional paid-in capital | 116,114,000 | 100,965,000 | |||||
| Accumulated deficit | (111,522,000 | ) | (106,386,000 | ) | |||
| Total stockholders’ equity (deficit) | 4,613,000 | (5,404,000 | ) | ||||
| Total liabilities and stockholders’ equity (deficit) | $ | 25,602,000 | $ | 34,752,000 | |||
| FLUX POWER HOLDINGS, INC. | |||||||||||||||
| ADJUSTED EBITDA RECONCILIATION | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended March 31, | Nine Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net loss | $ | (3,175,000 | ) | $ | (1,939,000 | ) | $ | (5,136,000 | ) | $ | (5,495,000 | ) | |||
| Add/Subtract: | |||||||||||||||
| Interest, net | 184,000 | 362,000 | 663,000 | 1,227,000 | |||||||||||
| Income tax provision | - | - | - | - | |||||||||||
| Depreciation and amortization | 243,000 | 248,000 | 745,000 | 750,000 | |||||||||||
| EBITDA | (2,748,000 | ) | (1,329,000 | ) | (3,728,000 | ) | (3,518,000 | ) | |||||||
| Add/Subtract: | |||||||||||||||
| Restatement and related costs | - | 588,000 | - | 1,910,000 | |||||||||||
| Stock-based compensation | 240,000 | 206,000 | 734,000 | 831,000 | |||||||||||
| Adjusted EBITDA | $ | (2,508,000 | ) | $ | (535,000 | ) | $ | (2,994,000 | ) | $ | (777,000 | ) | |||
Contacts
Media:
media@fluxpower.com
info@fluxpower.com
External Investor Relations:
Leanne Sievers | Joel Achramowicz
Shelton Group
flux-ir@sheltongroup.com
