ACFN Nasdaq Services-Engineering Services Financials FY2016βFY2025
Acorn Energy, Inc. had $11.5M of revenue in fiscal 2025, up 4.5% on the year before. Over five years, revenue changed +14.2% a year on average.
Last close Β· Oct 23, 2026
$17.24
2.7%Hi! I read Acorn Energy, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+4.5%
Only a little. Sales grew 4.5% last year.
Does it make a profit?
21.9%
Yes. It keeps 21.9% of every sale as profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
28.3x
One share costs 28.3 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Acorn Energy, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 11 days
No past results dates on file yet.
KIRA Β· Acorn Energy, Inc. had $11.5M of revenue in fiscal 2025, up 4.5% on the year before. Over five years, revenue changed +14.2% a year on average. Its operating margin was 17.3%, down 0.3Β pts: of every 100 in sales, about 17 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
KIRA Β· Acorn Energy, Inc. made $2.5M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 66.6% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Acorn Energy, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.7M | $1.5M | $1.4M | $2.3M | $4.5M |
| Interest coverage | β8.0x | β | β | β | β |
| Current ratio | 1.0x | 0.9x | 0.9x | 1.3x | 1.8x |
| Quick ratio | 0.8x | 0.7x | 0.7x | 1.2x | 1.5x |
| Total assets | $6.0M | $6.0M | $5.4M | $10.6M | $13.3M |
| Total liabilities | $6.5M | $7.0M | $6.3M | $5.0M | $5.0M |
| Shareholders' equity | β$0.5M | β$1.0M | β$0.8M | $5.5M | $8.3M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
KIRA Β· Acorn Energy, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 9 | 2 / 8 | 3 / 8 | 7 / 9 | 5 / 8 | 4 / 8 | 5 / 8 | 4 / 8 | 4 / 8 |
| Accruals ratio | 50.5% | 5.5% | 6.4% | 13.5% | β7.8% | β2.7% | β11.0% | 0.8% | 67.2% | 3.5% |
| Altman Z'' | β33.78 | β35.21 | β87.01 | β67.13 | β63.68 | β54.45 | β56.64 | β61.25 | β26.11 | β18.30 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.7M | $4.4M | $5.1M | $5.5M | $5.9M | $6.8M | $7.0M | $8.1M | $11.0M | $11.5M |
| Net interest income | β | β | β | β | β | β | β | $0.1M | $0.1M | $0.1M |
| Provision for credit losses | β | β | β | β | β | β | β | $0.0M | β$0.0M | $0.0M |
| Gross profit | $3.5M | $2.4M | $3.1M | $3.6M | $4.1M | $4.9M | $5.1M | $6.0M | $8.0M | $8.8M |
| Research and development | $0.9M | $0.5M | $0.5M | $0.6M | $0.6M | $0.7M | $0.8M | $0.9M | $1.0M | $1.1M |
| Operating income | β$3.1M | β$1.9M | β$1.4M | β$0.7M | β$0.3M | β$0.0M | β$0.6M | $0.1M | $1.9M | $2.0M |
| Interest expense | β | $0.1M | $0.0M | β | $0.0M | $0.0M | β | β | β | β |
| Pretax income | β$0.1M | β$2.1M | β$1.5M | β$0.7M | $0.1M | β$0.0M | β$0.6M | $0.1M | $2.0M | $2.1M |
| Income tax | $0.0M | $0.0M | β | β | β | β | β | $0.0M | β$4.3M | β$0.4M |
| Net income | $0.1M | β$1.2M | β$2.0M | β$0.6M | $0.1M | β$0.0M | β$0.6M | $0.1M | $6.3M | $2.5M |
| Net income to common | $0.1M | β | β | β | β | β | β | β | β | β |
| Diluted EPS | $0.01 | β$0.04 | β$0.07 | β$0.02 | $0.00 | $0.00 | β$0.25 | $0.05 | $2.51 | $0.99 |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.04B | 0.04B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | β$4.5M | β$1.7M | β$2.4M | β$1.2M | $0.5M | $0.1M | $0.0M | $0.1M | $0.9M | $2.1M |
| Capital expenditure | $0.0M | β | β | β | β | β | β | β | β | β |
| Free cash flow | β$4.6M | β | β | β | β | β | β | β | β | β |
| Depreciation and amortization | $0.1M | $0.1M | $0.1M | $0.1M | $0.0M | $0.1M | $0.1M | $0.2M | $0.1M | $0.1M |
| Stock-based compensation | $0.1M | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.2M | $0.5M | $1.0M | $1.2M | $2.1M | $1.7M | $1.5M | $1.4M | $2.3M | $4.5M |
| Total debt | $0.4M | $0.3M | β | $0.1M | $0.1M | β | β | β | β | β |
| Current assets | $8.7M | $8.7M | $3.1M | $3.4M | $3.8M | $4.2M | $4.0M | $4.0M | $5.4M | $7.0M |
| Current liabilities | $5.2M | $7.5M | $3.8M | $3.6M | $3.9M | $4.3M | $4.6M | $4.6M | $4.3M | $3.8M |
| Inventory | $0.2M | $0.2M | $0.3M | $0.3M | $0.2M | $0.6M | $0.8M | $1.0M | $0.4M | $1.3M |
| Property and equipment, net | $0.2M | $0.1M | $0.1M | $0.2M | $0.3M | $0.5M | $0.7M | $0.6M | $0.5M | $0.4M |
| Intangible assets | β | β | β | β | β | β | β | β | β | $0.0M |
| Total assets | $9.2M | $9.2M | $3.9M | $5.0M | $5.2M | $6.0M | $6.0M | $5.4M | $10.6M | $13.3M |
| Total liabilities | $7.9M | $8.8M | $5.3M | $5.6M | $5.7M | $6.5M | $7.0M | $6.3M | $5.0M | $5.0M |
| Shareholders' equity | $1.3M | $0.5M | β$1.3M | β$0.6M | β$0.5M | β$0.5M | β$1.0M | β$0.8M | $5.5M | $8.3M |
| Margins | ||||||||||
| Gross margin | 40.7% | 56.3% | 61.4% | 65.4% | 69.8% | 72.3% | 72.4% | 74.5% | 72.8% | 76.8% |
| Operating margin | β35.3% | β43.9% | β27.6% | β12.7% | β5.2% | β0.1% | β9.0% | 0.9% | 17.6% | 17.3% |
| EBITDA margin | β33.6% | β42.2% | β26.3% | β11.7% | β4.9% | 1.0% | β7.2% | 2.9% | 18.7% | 18.3% |
| Net margin | 1.7% | β26.9% | β39.3% | β11.3% | 1.2% | β0.3% | β9.0% | 1.5% | 57.3% | 21.9% |
| FCF margin | β52.6% | β | β | β | β | β | β | β | β | β |
| Net interest share of revenue | β | β | β | β | β | β | β | 0.8% | 0.7% | 1.1% |
| Returns | ||||||||||
| Return on capital | β164.4% | β498.2% | β | β | β | β | β | β | β | β |
| Return on capital employed | β75.3% | β112.3% | β1,065.2% | β50.3% | β23.7% | β0.5% | β44.5% | 8.8% | 30.7% | 20.9% |
| Return on equity | 10.9% | β129.7% | β | β | β | β | β | β | 267.7% | 36.4% |
| Return on assets | 1.6% | β12.7% | β30.5% | β13.9% | 1.4% | β0.4% | β10.5% | 2.1% | 78.5% | 21.0% |
| Return on tangible equity | 10.9% | β248.2% | β | β | β | β | β | β | 113.6% | 30.5% |
| Growth | ||||||||||
| Revenue growth | β | β49.8% | 16.9% | 7.9% | 7.9% | 14.4% | 3.3% | 15.1% | 36.3% | 4.5% |
| Net income growth | β | β906.2% | β | β | β | β130.4% | β | β | 5,189.1% | β60.1% |
| EPS growth | β | β500.0% | β | β | β | β | β | β | 4,920.0% | β60.6% |
| Share count change | β | 3.1% | 0.4% | 20.2% | 11.9% | β99.9% | 6,149.4% | 0.9% | 0.4% | 1.0% |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.7x | β | β | β | β | β | β | β | β |
| Interest coverage | β | β17.9x | β67.0x | β | β11.1x | β8.0x | β | β | β | β |
| Current ratio | 1.7x | 1.2x | 0.8x | 1.0x | 1.0x | 1.0x | 0.9x | 0.9x | 1.3x | 1.8x |
| Quick ratio | 1.6x | 1.1x | 0.8x | 0.9x | 0.9x | 0.8x | 0.7x | 0.7x | 1.2x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.4% | β | β | β | β | β | β | β | β | β |
| Stock comp / revenue | 1.0% | 0.5% | 0.5% | 0.4% | 0.6% | 1.1% | 1.1% | 0.7% | 0.5% | 1.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 2.0 | 2.0 | 3.0 | 7.0 | 5.0 | 4.0 | 5.0 | 4.0 | 4.0 |
| Altman Z'' | β33.8 | β35.2 | β87.0 | β67.1 | β63.7 | β54.4 | β56.6 | β61.3 | β26.1 | β18.3 |
| Accruals ratio | 50.5% | 5.5% | 6.4% | 13.5% | β7.8% | β2.7% | β11.0% | 0.8% | 67.2% | 3.5% |
Source: SEC EDGAR XBRL filings (CIK 0000880984). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
