Company research
ORION ENERGY SYSTEMS, INC.
CIK 1409375Updated Nov 13, 2026
SecurityOESX · NASDAQ · equity
OESX price & chart
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NASDAQ:OESX on TradingView ↗About the company
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electric vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
In the news
Orion to Present at the 28th Annual H.C. Wainwright Global Investment Conference ↗
Seeking Alpha
Orion Energy Systems, Inc. (OESX) Q2 2027 Earnings Call Transcript ↗
AI infrastructure stocks tumble amid inflation, debt worries ↗
Orion Energy Systems: Strong Execution, But Limited Upside At $25 ↗
SEC disclosures
ORION ENERGY SYSTEMS, INC. files 8-K: Material Event ↗
Recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | — | — | — | — | — | — | — | — | 51,605,000Source | 52,463,000Source | 63,169,000Source | 71,579,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | 6,114,000Source | 8,026,000Source | 9,593,000Source | 10,470,000Source |
| GoodwillUSD | — | — | — | — | — | — | — | — | 1,484,000Source | 1,484,000Source | 1,484,000Source | 1,484,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 2,646,000Source | 3,379,000Source | 4,462,000Source | 6,004,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | — | — | — | — | — | 3,265,000Source | 5,972,000Source | 5,155,000Source | 15,992,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | — | — | — | 16,340,000Source | 12,845,000Source | 14,022,000Source | 13,728,000Source |
| Inventory, NetUSD | — | — | — | — | — | — | — | — | 10,304,000Source | 11,392,000Source | 18,246,000Source | 18,205,000Source |
| Assets, CurrentUSD | — | — | — | — | — | — | — | — | 37,682,000Source | 35,498,000Source | 44,822,000Source | 50,361,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | — | — | — | — | — | — | 1,364,000Source | 1,939,000Source | 2,860,000Source | 1,116,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 2,673,000Source | 3,456,000Source | 1,770,000Source | 2,174,000Source |
| Other Assets, NoncurrentUSD | — | — | — | — | — | — | — | — | 3,679,000Source | 4,076,000Source | 2,808,000Source | 3,260,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | — | — | — | — | — | — | — | — | 34,977,000Source | 40,579,000Source | 40,627,000Source | 38,330,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | — | — | — | — | — | — | — | — | -118,056,000Source | -114,893,000Source | -103,092,000Source | -91,421,000Source |
| Stockholders' Equity Attributable to ParentUSD | 14,475,000Source | 20,658,000Source | 38,153,000Source | 15,803,000Source | 22,640,000Source | 10,806,000Source | 19,079,000Source | 26,801,000Source | 16,628,000Source | 11,884,000Source | 22,542,000Source | 33,249,000Source |
| Additional Paid in Capital, Common StockUSD | — | — | — | — | — | — | — | — | 169,646,000Source | 163,025,000Source | 161,869,000Source | 160,907,000Source |
| Liabilities and EquityUSD | — | — | — | — | — | — | — | — | 51,605,000Source | 52,463,000Source | 63,169,000Source | 71,579,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | — | — | — | — | — | — | — | — | 26,687,000Source | 26,844,000Source | 28,053,000Source | 24,454,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 715,000Source | 794,000Source | 990,000Source | 823,000Source |
| Accounts Payable, CurrentUSD | — | — | — | — | — | — | — | — | 15,451,000Source | 13,272,000Source | 18,350,000Source | 13,405,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 2,115,000Source | 2,829,000Source | 1,121,000Source | 1,826,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | 2,671,000Source | 3,427,000Source | 2,161,000Source | 3,384,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | — | — | — | — | — | — | 10,728,000Source | 12,728,000Source | 9,440,000Source | 10,552,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 10,559,000Source | — | — | — | — | — | — | 5,619,000Source | 9,971,000Source | 10,000,000Source | 10,003,000Source |
| Long-term Debt, Current MaturitiesUSD | — | 353,000Source | — | — | — | — | — | — | 353,000Source | 353,000Source | 3,000Source | 17,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 10,559,000Source | — | — | — | — | — | — | 5,619,000Source | 9,971,000Source | 10,000,000Source | 10,003,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | -1,244,000Source | -3,758,000Source | -3,163,000Source | -11,801,000Source | -11,671,000Source | -34,341,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | — | — | 1,784,000Source | — | — | 2,095,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 166,000Source | 294,000Source | 483,000Source | 1,157,000Source | 950,000Source | 1,612,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 692,000Source | -1,507,000Source | 3,507,000Source | -800,000Source | 464,000Source | 586,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -1,065,000Source | -2,156,000Source | -627,000Source | -6,106,000Source | 603,000Source | -1,879,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -682,000Source | -3,929,000Source | 2,179,000Source | -5,078,000Source | 4,990,000Source | 2,372,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 0Source | — | 5,000Source | 7,000Source | -5,000Source | 17,881,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -515,000Source | -2,962,000Source | -1,079,000Source | 599,000Source | -10,092,000Source | -2,291,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -55,000Source | -24,000Source | -86,000Source | 128,000Source | -731,000Source | -6,195,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 55,000Source | 24,000Source | 83,000Source | 99,000Source | 837,000Source | 586,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | — | — | 11,000Source | 0Source | 2,000Source | 2,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -1,838,000Source | 3,523,000Source | -1,542,000Source | 90,000Source | -14,000Source | 10,012,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -2,408,000Source | 537,000Source | -2,707,000Source | 817,000Source | -10,837,000Source | 1,526,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 226,000Source | — | 758,000Source | 962,000Source | 691,000Source | 346,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | -36,000Source | -26,000Source | -59,000Source | -87,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 180,000Source | 267,000Source | 348,000Source | 226,000Source | 166,000Source | 294,000Source | 483,000Source | 1,157,000Source | 950,000Source | 1,612,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | 49,000Source | 25,000Source | 48,000Source | 25,000Source | 51,000Source | 58,000Source | 170,000Source | 206,000Source | 95,000Source | 73,000Source |
| Amortization of Intangible AssetsUSD | — | — | 300,000Source | 300,000Source | 200,000Source | 200,000Source | 240,000Source | 248,000Source | 733,000Source | 1,069,000Source | 1,085,000Source | 653,000Source |
| DepreciationUSD | — | — | — | — | — | — | 244,000Source | 348,000Source | 1,784,000Source | 1,344,000Source | 1,410,000Source | 1,369,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | 1,100,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | 6,000Source | — | -91,000Source | -84,000Source | -27,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | 0Source | — | -562,000Source | — | — | 0Source |
| General and Administrative ExpenseUSD | — | — | 3,857,000Source | 4,910,000Source | 4,568,000Source | 5,040,000Source | 4,290,000Source | 4,530,000Source | 18,691,000Source | 18,008,000Source | 16,740,000Source | 19,487,000Source |
| GoodwillUSD | — | — | — | — | — | — | — | — | 1,484,000Source | 1,484,000Source | 1,484,000Source | 1,484,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | 0Source | 456,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | 1,000Source | 1,000Source | 23,000Source | 15,000Source | -13,000Source | 21,000Source | 60,000Source | 42,000Source | 41,000Source | 17,978,000Source |
| Investment Income, InterestUSD | — | — | 1,000Source | 0Source | — | 0Source | — | — | 3,000Source | 7,000Source | 2,000Source | 34,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,508,000Source | -2,256,000Source | -3,625,000Source | -4,388,000Source | -1,244,000Source | -3,758,000Source | -3,163,000Source | -11,801,000Source | -11,671,000Source | -34,341,000Source |
| Nonoperating Income (Expense)USD | — | — | -258,000Source | -193,000Source | -330,000Source | -205,000Source | -218,000Source | -305,000Source | -1,461,000Source | -1,163,000Source | -806,000Source | -378,000Source |
| Operating ExpensesUSD | — | — | 7,003,000Source | 8,429,000Source | 7,744,000Source | 8,737,000Source | 6,914,000Source | 7,731,000Source | 29,735,000Source | 30,832,000Source | 31,735,000Source | 33,496,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 1,000,000Source | 0Source | 0Source | 800,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 0Source | 3,525,000Source | 0Source | 3,525,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 19,415,000Source | 25,952,000Source | 19,122,000Source | 20,567,000Source | 19,409,000Source | 19,887,000Source | 85,481,000Source | 78,939,000Source | 90,519,000Source | 74,418,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 19,584,000Source | 25,971,000Source | 19,361,000Source | 20,586,000Source | 19,575,000Source | 19,906,000Source | 86,306,000Source | 79,720,000Source | 90,581,000Source | 77,383,000Source |
| Cost of RevenueUSD | — | — | 13,830,000Source | 19,604,000Source | 14,889,000Source | 16,017,000Source | 13,674,000Source | 15,607,000Source | 58,213,000Source | 59,484,000Source | 69,670,000Source | 59,872,000Source |
| Operating Income (Loss)USD | — | — | -1,249,000Source | -2,062,000Source | -3,272,000Source | -4,168,000Source | -1,013,000Source | -3,432,000Source | -1,642,000Source | -10,596,000Source | -10,824,000Source | -15,985,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -1,507,000Source | -2,255,000Source | -3,602,000Source | -4,373,000Source | -1,231,000Source | -3,737,000Source | -3,103,000Source | -11,759,000Source | -11,630,000Source | -16,363,000Source |
| Income Tax Expense (Benefit)USD | — | — | 1,000Source | 1,000Source | 23,000Source | 15,000Source | -13,000Source | 21,000Source | 60,000Source | 42,000Source | 41,000Source | 17,978,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,508,000Source | -2,256,000Source | -3,625,000Source | -4,388,000Source | -1,244,000Source | -3,758,000Source | -3,163,000Source | -11,801,000Source | -11,671,000Source | -34,341,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.46Source | -0.07Source | -1.1Source | -0.14Source | -0.37Source | -0.12Source | -0.89Source | -0.36Source | -0.36Source | -1.08Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.46Source | -0.07Source | -1.1Source | -0.14Source | -0.37Source | -0.12Source | -0.89Source | -0.36Source | -0.36Source | -1.08Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 3,292,332Source | 32,531,563Source | 3,282,548Source | 32,502,566Source | 3,331,524Source | 32,610,604Source | 3,560,671Source | 32,829,470Source | 32,486,240Source | 31,703,712Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 3,292,332Source | 32,531,563Source | 3,282,548Source | 32,502,566Source | 3,331,524Source | 32,610,604Source | 3,560,671Source | 32,829,470Source | 32,486,240Source | 31,703,712Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 300,000Source | 300,000Source | 200,000Source | 200,000Source | 240,000Source | 248,000Source | 733,000Source | 1,069,000Source | 1,085,000Source | 653,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 55,000Source | 35,000Source | 46,000Source | 97,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | 900,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 3,857,000Source | 4,910,000Source | 4,568,000Source | 5,040,000Source | 4,290,000Source | 4,530,000Source | 18,691,000Source | 18,008,000Source | 16,740,000Source | 19,487,000Source |
| Gross ProfitUSD | — | — | 5,754,000Source | 6,367,000Source | 4,472,000Source | 4,569,000Source | 5,901,000Source | 4,299,000Source | 28,093,000Source | 20,236,000Source | 20,911,000Source | 17,511,000Source |
| Investment Income, InterestUSD | — | — | 1,000Source | 0Source | — | 0Source | — | — | 3,000Source | 7,000Source | 2,000Source | 34,000Source |
| Net Investment IncomeUSD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Nonoperating Income (Expense)USD | — | — | -258,000Source | -193,000Source | -330,000Source | -205,000Source | -218,000Source | -305,000Source | -1,461,000Source | -1,163,000Source | -806,000Source | -378,000Source |
| Operating ExpensesUSD | — | — | 7,003,000Source | 8,429,000Source | 7,744,000Source | 8,737,000Source | 6,914,000Source | 7,731,000Source | 29,735,000Source | 30,832,000Source | 31,735,000Source | 33,496,000Source |
| Research and Development ExpenseUSD | — | — | 287,000Source | 349,000Source | 328,000Source | 382,000Source | 208,000Source | 264,000Source | 945,000Source | 1,229,000Source | 1,495,000Source | 1,852,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 19,415,000Source | 25,952,000Source | 19,122,000Source | 20,567,000Source | 19,409,000Source | 19,887,000Source | 85,481,000Source | 78,939,000Source | 90,519,000Source | 74,418,000Source |
| Selling and Marketing ExpenseUSD | — | — | 2,859,000Source | 3,170,000Source | 2,848,000Source | 3,312,000Source | 2,416,000Source | 2,937,000Source | 10,099,000Source | 11,595,000Source | 12,988,000Source | 11,392,000Source |
Offerings
Registration 333-294101
Filing attachments
oesx-ex99_1.htm · 8-K · 2026-11-05
Orion Reports 9% Revenue Increase in Second Quarter FY2027; Reiterates Revenue Expectation of $100M-$102M for Full Fiscal Year Manitowoc, WI - November 5, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2027 second quarter (Q2’27) ended September 30, 2026. Orion’s Q2’27 revenue increased to $21.7M versus $19.9M in Q2’…
Read attachment ↗oesx-ex99_1.htm · 8-K · 2026-09-15
EX-99.1 2 oesx-ex99_1.htm EX-99.1 EX-99.1 Orion Announces Major US Retailer’s Additional Commitment for Estimated $10M-15M; Increases FY27 Revenue Outlook to $100M - $102M Manitowoc, WI - September 15, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that a longtime customer has made a follow-on commitment to the Company for a new LED l…
Read attachment ↗oesx-ex99_1.htm · 8-K · 2026-08-05
EX-99.1 2 oesx-ex99_1.htm EX-99.1 EX-99.1 Orion Reports First Quarter Financial Results: Revenue Increases 32% to 25.7M, Net Income at $2M Manitowoc, WI - August 5, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2027 first quarter (Q1’27) ended June 30, 2026. Orion’s Q1’27 revenue was $25.7M versus $19.6M in Q1’…
Read attachment ↗oesx-ex99_1.htm · 8-K · 2026-06-04
EX-99.1 2 oesx-ex99_1.htm EX-99.1 EX-99.1 Orion Reports FY 2026 Revenue of $86M and Adjusted EBITDA of $2.2M After Continued Growth in Q4; Reiterates FY 2027 Expectation of $95M-$97M in Revenue and Positive Adjusted EBITDA Manitowoc, WI - June 4, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported improved results for its fiscal 2026 fourth…
Read attachment ↗oesx-ex99_1.htm · 8-K · 2026-05-19
EX-99.1 2 oesx-ex99_1.htm EX-99.1 EX-99.1 Orion Announces Preliminary FY26 Revenue of $86M and Approximately $2M Adjusted EBITDA; Reiterates Expectations for Increased Growth and Profitability in FY 2027 Company to Host Q4 and Full Fiscal Year 2026 Investor Call Thursday, June 4, at 10 a.m. ET Manitowoc, WI - May 19, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance servi…
Read attachment ↗oesx-ex99_1.htm · 8-K · 2026-04-16
EX-99.1 2 oesx-ex99_1.htm EX-99.1 EX-99.1 Orion Reiterates Expectations for Increased Growth and Profitability in FY 2026 and FY 2027; Strong Profitable Growth Drive Highlights Sally Washlow’s First Year as CEO Manitowoc, WI - April 15, 2026 - Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reiterated its preliminary expectations for increased revenue g…
Read attachment ↗