Orion Energy Systems, Inc.
OESX Nasdaq· Electric Lighting & Wiring Equipment
Last close · Oct 23, 2026
$19.69
KIRA · Stoqly’s AI analyst, in plain words
- Orion Energy Systems, Inc. had $86.3M of revenue in fiscal 2026, up 8.3% on the year before. Over five years, revenue changed −5.9% a year on average.
- Its operating margin was −1.9%, up 11.4 pts: of every 100 in sales, about −2 is left after running the business.
- Orion Energy Systems, Inc. lost $3.2M in fiscal 2026.
- Free cash flow was −$1.2M in fiscal 2026, −1.3% of revenue.
- Orion Energy Systems, Inc. owes $2.7M more than it holds in cash, about 19.1 years of operating profit.
Market cap
$82.0M
P/E
—
Revenue
$86.3M
Net income
−$3.2M
Free cash flow
−$1.2M
Operating margin
−1.9%
Orion Energy Systems, Inc. in 30 seconds · fiscal 2026
Are sales growing?
+8.3%
Yes. Sales grew 8.3% last year.
Does it make a profit?
−3.7%
No. It lost money last year.
Does profit turn into cash?
−1.3%
No. It spent more cash than it brought in.
Is debt under control?
19.1x
Heavy. Repaying its debt would take 19.1 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Orion Energy Systems, Inc. does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · Jun 4, 2026
- Legal name
- ORION ENERGY SYSTEMS, INC.
- CIK
- 0001409375
Orion Energy Systems, Inc. · OESX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $124M | $77.4M | $90.6M | $79.7M | $86.3M |
| Revenue growth | 6.5% | −37.8% | 17.1% | −12.0% | 8.3% |
| Gross margin | 27.3% | 22.6% | 23.1% | 25.4% | 32.6% |
| Operating margin | 6.7% | −20.7% | −11.9% | −13.3% | −1.9% |
| Net income | $6.1M | −$34.3M | −$11.7M | −$11.8M | −$3.2M |
| Net margin | 4.9% | −44.4% | −12.9% | −14.8% | −3.7% |
| Diluted EPS | $0.19 | −$1.08 | −$3.59 | −$3.59 | −$0.89 |
| Cash | |||||
| Cash from operations | −$0.1M | −$2.3M | −$10.1M | $0.6M | −$1.1M |
| Capital expenditure | $0.5M | $0.6M | $0.8M | $0.1M | $0.1M |
| Free cash flow | −$0.6M | −$2.9M | −$10.9M | $0.5M | −$1.2M |
| FCF margin | −0.5% | −3.7% | −12.1% | 0.6% | −1.3% |
| Share count change | −0.0% | 1.3% | −89.8% | 1.1% | 8.5% |
| Debt and strength | |||||
| Cash and short-term investments | $14.5M | $16.0M | $5.2M | $6.0M | $3.3M |
| Debt incl. finance leases | $0.0M | $10.0M | $10.0M | $10.3M | $6.0M |
| Shareholders' equity | $65.1M | $33.2M | $22.5M | $11.9M | $16.6M |
| Net debt / EBITDA | −1.4x | — | — | — | 19.1x |
| Current ratio | 2.8x | 2.1x | 1.6x | 1.3x | 1.4x |
| Returns and quality | |||||
| Return on capital | 12.2% | −46.3% | −31.2% | −51.6% | −6.7% |
| Return on equity | 9.9% | −69.8% | −41.8% | −68.6% | −22.2% |
| Return on tangible equity | 9.8% | −133.3% | −70.3% | −168.1% | −25.3% |
| Piotroski F-score | 6 | 1 | 5 | 4 | 6 |
| Altman Z'' | 4.1 | −2.4 | −4.1 | −7.1 | −5.8 |
Insiders bought, 12 months
$0.4M
3 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Orion Energy Systems, Inc. · OESX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $19.69 a share, the company is worth $82.0M.
Source: SEC EDGAR XBRL filings (CIK 0001409375). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.