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Orion Energy Systems OESX
$ 25.0 7.85%
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Quarterly report 2026-Q1
added 08-05-2026

Orion Energy Systems Income Statement 2026-2009 | OESX

Brief overview of income trends at Orion Energy Systems

The overview follows changes across a five-year period. Revenue at Orion Energy Systems moved from 30.7 million dollars in 2021 to 86.3 million dollars in 2026. The total change was +181%, with a CAGR of approximately 23%. Sales grew at a rate typical of a strong expansion phase.

Gross profit changed from 7.6 million dollars to 28.1 million dollars (+267.7%). The cost base moved more slowly than the top line, which supported margins. At the margin level, the figure shifted from 24.9% to 32.6%. The margin shift points to a more favorable sales-and-cost structure.

The operating result measured by EBITDA moved from $8.3 million to $142 thousand, or −98.3%. Operating performance weakened relative to revenue. At the operating-margin level, the figure shifted from 27.1% to 0.2%. A lower EBITDA share weakens the quality of the result.

The final result was $1.1 million initially and −$3.2 million in the final year. The business lost profitability by the end of the period.

The five-year change in capitalization reached −66%: from 96.1 million dollars to 32.6 million dollars. Financial performance is stronger than the share-price trend.

What the figures show

The results contain several connected negative signals. The strongest signals are a stronger gross margin and a larger revenue base. The main areas of concern are weaker operating efficiency, a narrow EBITDA buffer and a weaker market valuation. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Orion Energy Systems

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

32.6 M 2.23 M 3.44 M 59.6 M 60.3 M 96.1 M 145 M 47.1 M 22.7 M 42 M 40.9 M 67.5 M 111 M 50.6 M 48.2 M 83.2 M 736 M -

Shares

3.56 M 3.28 M 3.25 M 31.7 M 32 M 31.1 M 30.1 M 29.4 M 28.8 M 28.2 M 27.6 M 22.4 M 21 M 21 M 23 M 22.7 M 21.8 M -

Historical Prices

9.16 0.68 1.06 1.88 1.88 3.09 8.4 4.73 1.04 0.85 1.94 1.41 3.58 5.53 2.81 2.4 33.7 34.9

Net Income

-3.16 M -11.8 M -11.7 M -34.3 M -24.1 M 1.1 M 12.5 M -6.67 M -13.1 M -12.3 M -20.1 M -32.1 M -6.2 M -10.4 M 483 K 1.6 M -3.47 M -

Revenue

86.3 M 79.7 M 90.6 M 77.4 M 20.3 M 30.7 M 151 M 65.8 M 60.3 M 70.2 M 67.6 M 72.2 M 88.6 M 86.1 M 101 M 92.5 M 68.1 M -

Cost of Revenue

58.2 M 59.5 M 69.7 M 59.9 M 90.5 M 86.7 M 114 M 51.2 M 45.6 M 52.9 M 51.6 M 73.3 M 65.6 M 59.4 M 70.5 M 54.4 M 45.3 M -

Gross Profit

28.1 M 20.2 M 20.9 M 17.5 M 4.78 M 7.64 M 37.1 M 14.6 M 14.7 M 17.3 M 16 M -1.14 M 23 M 26.7 M 30 M 29.7 M 22.7 M -

Operating Income

-1.64 M -10.6 M -10.8 M -16 M 8.39 M 6.84 M 13.1 M -6.16 M -13 M -12.5 M -19.9 M -31.9 M -8.34 M -6.6 M 522 K -54 K -4.58 M -

Interest Expense

- - - - - - - 493 K 425 K 273 K 297 K 376 K 481 K 567 K 551 K 406 K 256 K -

EBITDA

142 K -7.98 M -8.23 M -13.9 M 10 M 8.32 M 14.7 M -4.37 M -10.3 M -9.94 M -9.73 M -27.6 M -2.99 M -2.03 M 4.76 M 5.07 M -1.91 M -

Operating Expenses

29.7 M 30.8 M 31.7 M 33.5 M 25.5 M 23.3 M 24 M 20.7 M 26.9 M 29.6 M 29.9 M 30.8 M 30.5 M 33.3 M 29.5 M 27.5 M 27.3 M -

General and Administrative Expenses

18.7 M 18 M 16.7 M 19.5 M 11.7 M 11.3 M 11.2 M 10.2 M 13.2 M 14.8 M 16.9 M 14.9 M 15 M 13.9 M 11.4 M 11.4 M 12.8 M -

All numbers in USD currency

Quarterly Income Statement 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

Shares

4.06 M 3.54 M 3.5 M 33.3 M 3.3 M 3.29 M 3.28 M 32.6 M 32.6 M 32.5 M 32.5 M 32.3 M 32.3 M 32 M 31.3 M 31.1 M 31.1 M 31.1 M 31 M 30.9 M 30.9 M 30.7 M 30.7 M 30.7 M 30.4 M 30.2 M 30.2 M 30.2 M 29.7 M 29.6 M 29.6 M 29.5 M 28.9 M 28.9 M 28.8 M 28.5 M 28.5 M 28.3 M 28.3 M 28.2 M 27.9 M 27.7 M 27.7 M 27.6 M 27.5 M 21.9 M 21.9 M 21.8 M 21.7 M 21.2 M 21.2 M 21.1 M 20.2 M 20.2 M 20.2 M 21.1 M 22.6 M 23 M 23 M 23 M 22.9 M

Net Income

1.96 M 160 K -581 K -1.24 M - -1.51 M -3.62 M -3.76 M - -2.26 M -4.39 M -6.64 M - -24.1 M -2.33 M -2.84 M -1.18 M 1.1 M 7.27 M 2.51 M 2.51 M 4.32 M 4.32 M 1.91 M -2.22 M 2.3 M 2.3 M 6.72 M 3.97 M -662 K -662 K -2.44 M -1.46 M -1.43 M -3.67 M -6.56 M -6.56 M -1.09 M -1.09 M -970 K -2.94 M -2 M -2 M -3.6 M -3.65 M -4.66 M -4.66 M -18.3 M -4.36 M 1.02 M 1.02 M 2.4 M -781 K 651 K 651 K -9.66 M -1.94 M 74 K 74 K 1.36 M -792 K

Revenue

25.7 M 21.1 M 19.9 M 19.6 M - 19.6 M 19.4 M 19.9 M - 26 M 20.6 M 17.6 M - 20.3 M 17.6 M 17.9 M 22.1 M 30.7 M 102 M 71.6 M 35.1 M 44.3 M 44.3 M 26.3 M 10.8 M 34.2 M 34.2 M 48.3 M 42.4 M 16.3 M 16.3 M 13.2 M 15.1 M 17.3 M 15.4 M 12.6 M 12.6 M 20.6 M 20.6 M 18.7 M 15.6 M 16.8 M 16.8 M 15.7 M 16.6 M 26.1 M 26.1 M 13.4 M 13.3 M 27.7 M 27.7 M 27.5 M 20.9 M 29.1 M 29.1 M 19.4 M 15.3 M 27.4 M 27.4 M 33.5 M 18.2 M

Cost of Revenue

16.8 M 14.6 M 13.7 M 13.7 M - 13.8 M 14.9 M 15.6 M - 19.6 M 16 M 14.4 M - 15.5 M 13.1 M 14.4 M - 23.1 M 73.7 M 50.6 M - 33.2 M 33.2 M 19 M 8.18 M 26 M 26 M 35.5 M 32.1 M 12.1 M 12.1 M 10.7 M - 12.1 M 11.8 M 9.85 M - 14.5 M 38.5 M 24 M - 12 M 37.7 M 25.6 M - 22.3 M 57 M 34.6 M - 19.5 M 54.3 M 34.8 M - 20.5 M 45 M 24.5 M - 19.9 M 56.2 M 36.3 M -

Gross Profit

8.91 M 6.51 M 6.18 M 5.9 M - 5.75 M 4.47 M 4.3 M - 6.37 M 4.57 M 3.17 M - 4.78 M 4.44 M 3.55 M 5.25 M 7.64 M 28.7 M 21 M 10.2 M 11 M 11 M 7.26 M 2.64 M 8.27 M 8.27 M 12.8 M 10.3 M 4.17 M 4.17 M 2.54 M 3.22 M 5.12 M 3.62 M 2.71 M 2.71 M 6.16 M 6.16 M 6.24 M 4.03 M 4.71 M 4.71 M 2.91 M 3.76 M 3.82 M 3.82 M -10.6 M 2.61 M 8.15 M 8.15 M 7.83 M 5.72 M 8.58 M 8.58 M 5.8 M 4.37 M 7.51 M 7.51 M 9.38 M 6.01 M

Operating Income

2.11 M 386 K -242 K -1.01 M - -1.25 M -3.27 M -3.43 M - -2.06 M -4.17 M -6.4 M - -4.59 M -2.94 M -3.62 M - 1.33 M 9.78 M 8.45 M - 4.46 M 4.46 M 1.87 M -2.04 M 2.44 M 2.44 M 6.88 M 4.16 M -587 K -587 K -2.28 M - -1.36 M -3.53 M -6.5 M - -1.03 M -5.28 M -4.25 M - -1.94 M -9.11 M -7.17 M - -4.65 M -27.3 M -22.7 M - 910 K 289 K -621 K - 576 K -7.11 M -7.68 M - 64 K 933 K 869 K -

Interest Expense

- - - - - - - - - 25 K 12 K - - - 1 K -1 K - - 1 K 1 K - - - - - - - 136 K - 77 K 335 K 258 K - 74 K 139 K 67 K - 65 K 203 K 138 K - 71 K 223 K 151 K - 62 K 235 K 173 K - 123 K 378 K 255 K - 138 K 441 K 303 K - 160 K 397 K 237 K -

EBITDA

2.23 M 486 K -42 K -769 K - -949 K -3.07 M -3.08 M - -1.76 M -3.97 M -6.05 M - -4.29 M -2.84 M -3.26 M - 1.43 M 10.7 M 9.07 M - 4.76 M 5.35 M 2.46 M -1.75 M 2.74 M 2.74 M 7.18 M 4.47 M -287 K -287 K -1.88 M - -959 K -3.23 M -6.15 M - -728 K -4.17 M -3.49 M - -1.18 M -6.79 M -5.61 M - -4.65 M -25.2 M -21.2 M - 910 K 3.28 M 433 K - 576 K -3.85 M -6.58 M - 64 K 3.96 M 2.76 M -

Operating Expenses

6.8 M 6.12 M 6.42 M 6.91 M - 7 M 7.74 M 7.73 M - 8.43 M 8.74 M 9.57 M - 9.37 M 7.38 M 7.17 M - 6.31 M 18.9 M 12.6 M - 6.54 M 6.54 M 5.39 M 4.68 M 5.84 M 5.84 M 5.91 M 6.12 M 4.76 M 4.76 M 4.82 M - 6.48 M 7.15 M 9.21 M - 7.18 M 21.7 M 14.5 M - 6.65 M 20.5 M 13.8 M - 8.48 M 23.2 M 14.7 M - 7.24 M 21.4 M 14.2 M - 8 M 25.9 M 17.9 M - 7.45 M 22 M 14.5 M -

General and Administrative Expenses

3.69 M 3.38 M 3.81 M 4.29 M - 3.86 M 4.57 M 4.53 M - 4.91 M 5.04 M 5.74 M - 5.48 M 3.94 M 3.75 M - 2.87 M 8.74 M 5.86 M - 3.03 M 3.03 M 2.64 M 2.41 M 2.66 M 2.66 M 2.6 M 3.01 M 2.27 M 2.27 M 2.34 M - 2.88 M 3.16 M 5.34 M - 3.54 M 11 M 7.5 M - 3.86 M 11.1 M 7.27 M - 3.82 M 11.3 M 7.51 M - 3.28 M 9.13 M 5.86 M - 2.85 M 10.8 M 7.94 M - 2.84 M 8.64 M 5.8 M -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Orion Energy Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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