Acorn Energy, Inc.
ACFN Nasdaq Services-Engineering Services Financials FY2016โFY2025
Last close ยท Oct 23, 2026
$17.24
2.7%What Acorn Energy, Inc. does
No business description yet.
- Legal name
- ACORN ENERGY, INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 5, 2026
- Accession ยท CIK
- 0001493152-26-008937
0000880984
Revenue and margins
Acorn Energy, Inc. had $11.5M of revenue in fiscal 2025, up 4.5% on the year before.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 66.6% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Acorn Energy, Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 1.0%.
Balance sheet
Cash, debt and the ratios that show how comfortably Acorn Energy, Inc. can carry it.
| 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 | โ8.0x | โ | โ | โ | โ |
| 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 | โ$0.5M | โ$1.0M | โ$0.8M | $5.5M | $8.3M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 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% | โ7.8% | โ2.7% | โ11.0% | 0.8% | 67.2% | 3.5% |
| Altman Z'' | โ33.78 | โ35.21 | โ87.01 | โ67.13 | โ63.68 | โ54.45 | โ56.64 | โ61.25 | โ26.11 | โ18.30 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| 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 | โ | โ | โ | โ | โ | โ | โ | $0.1M | $0.1M | $0.1M |
| Provision for credit losses | โ | โ | โ | โ | โ | โ | โ | $0.0M | โ$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 | โ$3.1M | โ$1.9M | โ$1.4M | โ$0.7M | โ$0.3M | โ$0.0M | โ$0.6M | $0.1M | $1.9M | $2.0M |
| Interest expense | โ | $0.1M | $0.0M | โ | $0.0M | $0.0M | โ | โ | โ | โ |
| Pretax income | โ$0.1M | โ$2.1M | โ$1.5M | โ$0.7M | $0.1M | โ$0.0M | โ$0.6M | $0.1M | $2.0M | $2.1M |
| Income tax | $0.0M | $0.0M | โ | โ | โ | โ | โ | $0.0M | โ$4.3M | โ$0.4M |
| Net income | $0.1M | โ$1.2M | โ$2.0M | โ$0.6M | $0.1M | โ$0.0M | โ$0.6M | $0.1M | $6.3M | $2.5M |
| Net income to common | $0.1M | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Diluted EPS | $0.01 | โ$0.04 | โ$0.07 | โ$0.02 | $0.00 | $0.00 | โ$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 | โ$4.5M | โ$1.7M | โ$2.4M | โ$1.2M | $0.5M | $0.1M | $0.0M | $0.1M | $0.9M | $2.1M |
| Capital expenditure | $0.0M | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Free cash flow | โ$4.6M | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| 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 | โ | $0.1M | $0.1M | โ | โ | โ | โ | โ |
| 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 | โ | โ | โ | โ | โ | โ | โ | โ | โ | $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 | โ$1.3M | โ$0.6M | โ$0.5M | โ$0.5M | โ$1.0M | โ$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 | โ35.3% | โ43.9% | โ27.6% | โ12.7% | โ5.2% | โ0.1% | โ9.0% | 0.9% | 17.6% | 17.3% |
| EBITDA margin | โ33.6% | โ42.2% | โ26.3% | โ11.7% | โ4.9% | 1.0% | โ7.2% | 2.9% | 18.7% | 18.3% |
| Net margin | 1.7% | โ26.9% | โ39.3% | โ11.3% | 1.2% | โ0.3% | โ9.0% | 1.5% | 57.3% | 21.9% |
| FCF margin | โ52.6% | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Net interest share of revenue | โ | โ | โ | โ | โ | โ | โ | 0.8% | 0.7% | 1.1% |
| Returns | ||||||||||
| Return on capital | โ164.4% | โ498.2% | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on capital employed | โ75.3% | โ112.3% | โ1,065.2% | โ50.3% | โ23.7% | โ0.5% | โ44.5% | 8.8% | 30.7% | 20.9% |
| Return on equity | 10.9% | โ129.7% | โ | โ | โ | โ | โ | โ | 267.7% | 36.4% |
| Return on assets | 1.6% | โ12.7% | โ30.5% | โ13.9% | 1.4% | โ0.4% | โ10.5% | 2.1% | 78.5% | 21.0% |
| Return on tangible equity | 10.9% | โ248.2% | โ | โ | โ | โ | โ | โ | 113.6% | 30.5% |
| Growth | ||||||||||
| Revenue growth | โ | โ49.8% | 16.9% | 7.9% | 7.9% | 14.4% | 3.3% | 15.1% | 36.3% | 4.5% |
| Net income growth | โ | โ906.2% | โ | โ | โ | โ130.4% | โ | โ | 5,189.1% | โ60.1% |
| EPS growth | โ | โ500.0% | โ | โ | โ | โ | โ | โ | 4,920.0% | โ60.6% |
| Share count change | โ | 3.1% | 0.4% | 20.2% | 11.9% | โ99.9% | 6,149.4% | 0.9% | 0.4% | 1.0% |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.7x | โ | โ | โ | โ | โ | โ | โ | โ |
| Interest coverage | โ | โ17.9x | โ67.0x | โ | โ11.1x | โ8.0x | โ | โ | โ | โ |
| 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% | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| 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 | โ | 2.0 | 2.0 | 3.0 | 7.0 | 5.0 | 4.0 | 5.0 | 4.0 | 4.0 |
| Altman Z'' | โ33.8 | โ35.2 | โ87.0 | โ67.1 | โ63.7 | โ54.4 | โ56.6 | โ61.3 | โ26.1 | โ18.3 |
| Accruals ratio | 50.5% | 5.5% | 6.4% | 13.5% | โ7.8% | โ2.7% | โ11.0% | 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 โ not investment advice. Check the original filings before relying on any figure.
