ORION ENERGY SYSTEMS, INC.OESXEarnings & Financial Report
Orion Energy Systems, Inc. is an American LED lighting and intelligent controls enterprise, founded in Plymouth, Wisconsin, and headquartered in Manitowoc, Wisconsin
Revenue
$26.4M
Gross Profit
$6.8M
Operating Profit
$1.8M
Net Profit
$1.6M
Gross Margin
25.8%
Operating Margin
6.8%
Net Margin
6.1%
YoY Growth
22.1%
EPS
$0.06
Financial Flow
ORION ENERGY SYSTEMS, INC. Q4 2024 Financial Summary
ORION ENERGY SYSTEMS, INC. reported revenue of $26.4M (up 22.1% YoY) for Q4 2024, with a net profit of $1.6M (up 131.5% YoY) (6.1% margin). Cost of goods sold was $19.6M, operating expenses totaled $5.0M.
Key Financial Metrics
| Total Revenue | $26.4M |
|---|---|
| Net Profit | $1.6M |
| Gross Margin | 25.8% |
| Operating Margin | 6.8% |
| Report Period | Q4 2024 |
Revenue Breakdown
ORION ENERGY SYSTEMS, INC. Q4 2024 revenue of $26.4M breaks down across 2 segments, led by Products at $17.0M (64.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $17.0M | 64.5% |
| Services | $9.4M | 35.5% |
ORION ENERGY SYSTEMS, INC. Annual Revenue by Year
ORION ENERGY SYSTEMS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $79.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $79.7M |
| 2024 | $90.6M |
| 2023 | $77.4M |
| 2022 | $124.4M |
ORION ENERGY SYSTEMS, INC. Quarterly Revenue & Net Profit History
ORION ENERGY SYSTEMS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $21.1M | +7.7% | $160.0K | 0.8% |
| Q2 2026 | $19.9M | +2.9% | $-581.0K | -2.9% |
| Q1 2026 | $19.6M | -1.7% | $-1.2M | -6.4% |
| Q4 2025 | $20.9M | -21.0% | $-2.9M | -13.9% |
| Q3 2025 | $19.6M | -24.6% | $-1.5M | -7.7% |
| Q2 2025 | $19.4M | -6.0% | $-3.6M | -18.7% |
| Q1 2025 | $19.9M | +13.0% | $-3.8M | -18.9% |
| Q4 2024 | $26.4M | +22.1% | $1.6M | 6.1% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.4M | $19.9M | $19.4M | $19.6M | $20.9M | $19.6M | $19.9M | $21.1M |
| YoY Growth | 22.1% | 13.0% | -6.0% | -24.6% | -21.0% | -1.7% | 2.9% | 7.7% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $63.2M | $59.8M | $56.3M | $52.7M | $52.5M | $49.0M | $47.9M | $48.3M |
| Liabilities | $40.6M | $40.7M | $40.5M | $38.2M | $40.6M | $38.2M | $36.5M | $36.4M |
| Equity | $22.5M | $19.1M | $15.8M | $14.5M | $11.9M | $10.8M | $11.4M | $11.8M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $175000 | $-3.0M | $498000 | $3.8M | $-699000 | $-515000 | $1.8M | $-897000 |