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Orion Energy Systems Balance Sheet 2026-2009 | OESX
Brief overview of Orion Energy Systems's assets and capital
This overview follows the five latest available annual observations between 2022 and 2026.
Assets fell from $86.8 million to $51.6 million. This may reflect either deliberate optimization or a reduction in business scale.
Liability growth of +61.1% exceeded asset growth of -40.6%, increasing reliance on outside funding.
Equity finances 32.2% of the balance sheet, compared with 75% at the start. The cushion remains adequate.
Each unit of equity supports about 0.18x of net debt. Dependence on debt remains comfortable.
The cash share moved from 16.7% to 6.3%. A higher figure generally provides more room in an adverse scenario.
The accumulated result is -$118.1 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Overall picture
Orion Energy Systems's balance sheet looks stretched: reliance on liabilities and a limited capital cushion increase sensitivity to weaker results.
Annual Balance Sheet Orion Energy Systems
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.07 M | 4.79 M | 5.84 M | -5.17 M | -13.7 M | -18.7 M | -18.7 M | 650 K | -5.33 M | -10.3 M | -10.8 M | -14.9 M | -11 M | -7.67 M | -13.5 M | -6.2 M | - | - |
Long Term Debt |
5.62 M | 9.97 M | 10 M | 10 M | 19 K | 49 K | 10.1 M | 9.28 M | 4.01 M | 6.82 M | 4.02 M | 3.22 M | 3.15 M | 4.11 M | 6.7 M | 4.22 M | - | - |
Long Term Debt Current |
715 K | 794 K | 990 K | 823 K | 768 K | 647 K | 691 K | 96 K | 79 K | 152 K | 746 K | 1.83 M | 3.45 M | 2.6 M | 2.79 M | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 14.3 M | 10.7 M | 5.48 M | 8.2 M | 5.6 M | 4.98 M | 4.74 M | 5.56 M | 10.2 M | 6.4 M | - | - |
Total Current Liabilities |
26.7 M | 26.8 M | 28.1 M | 24.5 M | 18.4 M | 30.4 M | 27.2 M | 27.3 M | 16.4 M | 18.4 M | 19.3 M | 18.3 M | 17.2 M | 18.8 M | 22.7 M | - | - | - |
Total Liabilities |
35 M | 40.6 M | 40.6 M | 38.3 M | 21.7 M | 34.7 M | 41.5 M | 38.1 M | 21.9 M | 26.6 M | 24.9 M | 23.3 M | 21.9 M | 24.3 M | 32.9 M | 22.6 M | - | - |
Deferred Revenue |
155 K | 491 K | 260 K | 480 K | 76 K | 87 K | 107 K | 123 K | 499 K | 621 K | 243 K | 287 K | 614 K | 2.95 M | 2.61 M | - | - | - |
Retained Earnings |
-118 M | -115 M | -103 M | -91.4 M | -57.1 M | -63.2 M | -89.3 M | -102 M | -95.5 M | -82.4 M | -70.1 M | -50 M | -17.9 M | -11.7 M | -1.29 M | -517 K | - | - |
Total Assets |
51.6 M | 52.5 M | 63.2 M | 71.6 M | 86.8 M | 92.8 M | 72.6 M | 56 M | 45.3 M | 62.1 M | 70.9 M | 87.8 M | 98.9 M | 102 M | 126 M | 115 M | - | - |
Cash and Cash Equivalents |
3.26 M | 5.97 M | 5.16 M | 16 M | 14.5 M | 19.4 M | 28.8 M | 8.73 M | 9.42 M | 17.3 M | 15.5 M | 20 M | 17.6 M | 14.4 M | 23 M | 11.6 M | 23.4 M | 36.2 M |
Book Value |
16.6 M | 11.9 M | 22.5 M | 33.2 M | 65.1 M | 58.1 M | 31 M | 18 M | 23.4 M | 35.4 M | 46 M | 64.5 M | 77 M | 77.8 M | 92.8 M | 92.4 M | - | - |
Total Shareholders Equity |
16.6 M | 11.9 M | 22.5 M | 33.2 M | 65.1 M | 58.1 M | 31 M | 18 M | 23.4 M | 35.4 M | 46 M | 64.5 M | 77 M | 77.8 M | 92.8 M | 90.5 M | 88.4 M | 88.7 M |
All numbers in USD currency
Quarterly Balance Sheet Orion Energy Systems
| 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
6.26 M | 9.04 M | 9.25 M | 8.13 M | 9.97 M | 167 K | 12.2 M | 13.3 M | 10 M | 10.6 M | 10 M | 10 M | 10 M | 5.01 M | 5.01 M | - | 19 K | 23 K | 27 K | 31 K | 35 K | 39 K | 7.97 M | 46 K | 10.1 M | 882 K | 3.81 M | 9.03 M | 9.28 M | 3.37 M | 1.48 M | 2.39 M | 4.01 M | 3.75 M | 3.23 M | 4.02 M | 6.82 M | 6.1 M | 5.1 M | 2.77 M | 4.02 M | 5.29 M | 2.81 M | 3.88 M | 3.22 M | 1.68 M | 2.09 M | 2.6 M | 3.15 M | 3.76 M | 5.04 M | 3.4 M | 4.11 M | 4.72 M | 5.36 M | 6.02 M | 6.7 M | 6.34 M | 6.93 M | 6.08 M | 4.22 M |
Total Liabilities |
34.6 M | 36.4 M | 36.5 M | 38.2 M | 40.6 M | 38.2 M | 40.5 M | 40.7 M | 40.6 M | 44.8 M | 43.2 M | 37.3 M | 38.3 M | 30.2 M | 20.2 M | - | 21.7 M | 25.8 M | 31.9 M | 32.8 M | 34.7 M | 37.9 M | 36.4 M | 24.3 M | 41.5 M | 25.6 M | 46.1 M | 45.9 M | 38.1 M | 21.7 M | 16.8 M | 19.1 M | 21.9 M | 22.4 M | 18.9 M | 21.2 M | 26.6 M | 26.7 M | 25.5 M | 21.6 M | 24.9 M | 23.9 M | 18.9 M | 24.5 M | 23.3 M | 28.2 M | 20 M | 18.7 M | 21.9 M | 26.7 M | 27.8 M | 28.1 M | 24.3 M | 32.5 M | 37.2 M | 30.1 M | 32.9 M | 32.2 M | 28.9 M | 41 M | 30.6 M |
Deferred Revenue |
96 K | 190 K | 338 K | 441 K | 491 K | 287 K | 359 K | 245 K | 260 K | 172 K | 1.86 M | 732 K | 480 K | 174 K | 76 K | - | 76 K | 175 K | 81 K | 203 K | 87 K | 126 K | 216 K | 92 K | 107 K | 85 K | 114 K | 121 K | 123 K | 119 K | 117 K | 89 K | 499 K | 277 K | 849 K | 823 K | 621 K | 687 K | 601 K | 314 K | 243 K | 361 K | 319 K | 308 K | 287 K | 369 K | 403 K | 376 K | 614 K | 1.18 M | 822 K | 4.02 M | 2.95 M | 1.46 M | 3.76 M | 2.64 M | 2.61 M | 2.6 M | 4.68 M | 12.2 M | 8.43 M |
Retained Earnings |
-116 M | -117 M | -117 M | -116 M | -115 M | -112 M | -110 M | -107 M | -103 M | -105 M | -102 M | -98.1 M | -91.4 M | -86.3 M | -62.2 M | - | -57.1 M | -55.9 M | -57 M | -60.7 M | -63.2 M | -85.3 M | -89.6 M | -91.5 M | -89.3 M | -88.8 M | -91.1 M | -97.8 M | -102 M | -101 M | -100 M | -97.8 M | -95.5 M | -94 M | -92.6 M | -88.9 M | -82.4 M | -75.1 M | -74 M | -73 M | -70.1 M | -59.2 M | -57.2 M | -53.6 M | -50 M | -45.3 M | -40.6 M | -22.2 M | -17.9 M | -9.05 M | -10.1 M | -12.5 M | -11.7 M | -12.2 M | -12.9 M | -3.23 M | -1.29 M | -1.14 M | -1.21 M | -2.57 M | -1.78 M |
Total Assets |
53.3 M | 48.3 M | 47.9 M | 49 M | 52.5 M | 52.7 M | 56.3 M | 59.8 M | 63.2 M | 65.4 M | 65.8 M | 64.1 M | 71.6 M | 68.3 M | 81.2 M | - | 86.8 M | 91.9 M | 96.6 M | 93.6 M | 92.8 M | 73.7 M | 67.7 M | 53.4 M | 72.6 M | 57 M | 75 M | 67.9 M | 56 M | 40.3 M | 35.9 M | 40.5 M | 45.3 M | 47 M | 44.8 M | 50.4 M | 62.1 M | 69 M | 68.6 M | 65.1 M | 70.9 M | 80.4 M | 77 M | 85.8 M | 87.8 M | 79.6 M | 75.5 M | 92 M | 98.9 M | 111 M | 110 M | 106 M | 102 M | 109 M | 113 M | 119 M | 126 M | 125 M | 122 M | 131 M | 121 M |
Cash and Cash Equivalents |
5.16 M | 4.72 M | 5.16 M | 3.56 M | 5.97 M | 7.5 M | 5.37 M | 5.69 M | 5.16 M | 4.97 M | 4.02 M | 8.25 M | 16 M | 8.14 M | 12.5 M | - | 14.5 M | 17.3 M | 14.7 M | 15.9 M | 19.4 M | 12.3 M | 12.1 M | 10.8 M | 28.8 M | 13.8 M | 11.1 M | 10.2 M | 8.73 M | 6.6 M | 5.66 M | 7.84 M | 9.42 M | 10.6 M | 8.67 M | 8.48 M | 17.3 M | 19.1 M | 18.7 M | 14.2 M | 15.5 M | 17.5 M | 13.4 M | 17.9 M | 20 M | 4.76 M | 11.1 M | 16.3 M | 17.6 M | 18.3 M | 17.6 M | 15.5 M | 14.4 M | 13.1 M | 13.2 M | 19 M | 23 M | 18.2 M | 15.6 M | 12.6 M | 11.6 M |
Book Value |
18.7 M | 11.8 M | 11.4 M | 10.8 M | 11.9 M | 14.5 M | 15.8 M | 19.1 M | 22.5 M | 20.7 M | 22.6 M | 26.8 M | 33.2 M | 38.2 M | 61 M | - | 65.1 M | 66.1 M | 64.7 M | 60.8 M | 58.1 M | 35.8 M | 31.2 M | 29 M | 31 M | 31.4 M | 28.9 M | 22.1 M | 18 M | 18.7 M | 19.1 M | 21.4 M | 23.4 M | 24.6 M | 25.8 M | 29.2 M | 35.4 M | 42.4 M | 43.1 M | 43.5 M | 46 M | 56.5 M | 58 M | 61.3 M | 64.5 M | 51.4 M | 55.5 M | 73.3 M | 77 M | 84.3 M | 82.5 M | 77.4 M | 77.8 M | 76.9 M | 76.1 M | 88.8 M | 92.8 M | 92.7 M | 92.7 M | 89.8 M | 90.5 M |
Total Shareholders Equity |
18.7 M | 11.8 M | 11.4 M | 10.8 M | 11.9 M | 14.5 M | 15.8 M | 19.1 M | 22.5 M | 20.7 M | 22.6 M | 26.8 M | 33.2 M | 38.2 M | 61 M | 62.6 M | 65.1 M | 66.1 M | 64.7 M | 60.8 M | 60.8 M | 35.8 M | 35.8 M | 31.2 M | 29 M | 31.4 M | 31.4 M | 28.9 M | 22.1 M | 18.7 M | 18.7 M | 19.1 M | 23.4 M | 24.6 M | 25.8 M | 29.2 M | 35.4 M | 42.4 M | 43.1 M | 43.5 M | 46 M | 56.5 M | 58 M | 61.3 M | 64.5 M | 51.4 M | 55.5 M | 73.3 M | 77 M | 84.3 M | 82.5 M | 77.4 M | 77.8 M | 76.9 M | 76.1 M | 88.8 M | 92.8 M | 92.7 M | 92.7 M | 89.8 M | 90.5 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Orion Energy Systems, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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