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
$19.4M
Gross Profit
$4.5M
Operating Profit
$-3.3M
Net Profit
$-3.6M
Gross Margin
23.1%
Operating Margin
-16.9%
Net Margin
-18.7%
YoY Growth
-6.0%
EPS
$-1.10
Financial Flow
ORION ENERGY SYSTEMS, INC. Q2 2025 Financial Summary
ORION ENERGY SYSTEMS, INC. reported revenue of $19.4M (down 6.0% YoY) for Q2 2025, with a net profit of $-3.6M (up 17.4% YoY) (-18.7% margin). Cost of goods sold was $14.9M, operating expenses totaled $7.7M.
Key Financial Metrics
| Total Revenue | $19.4M |
|---|---|
| Net Profit | $-3.6M |
| Gross Margin | 23.1% |
| Operating Margin | -16.9% |
| Report Period | Q2 2025 |
Revenue Breakdown
ORION ENERGY SYSTEMS, INC. Q2 2025 revenue of $19.4M breaks down across 3 segments, led by Lighting Product And Installation at $10.6M (54.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Lighting Product And Installation | $10.6M | 54.7% |
| Electric Vehicle Charging Systems | $4.7M | 24.4% |
| Maintenance Services | $3.8M | 19.6% |
ORION ENERGY SYSTEMS, INC. Revenue by Segment — Quarterly Trend
ORION ENERGY SYSTEMS, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Lighting Product And Installation and Electric Vehicle Charging Systems) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Lighting Product And Installation | $11.9M | $10.6M | $12.7M | $10.5M |
| Electric Vehicle Charging Systems | $4.7M | $4.8M | $2.7M | $5.8M |
| Maintenance Services | $4.4M | $4.5M | $4.0M | $4.1M |
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 |