Acorn Energy, Inc. (ACFN) Income Statement
ACFN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsACFN revenue and net income
Where ACFN's revenue goes
2025Each bar shows an amount and its share of revenue. ACFN kept 21.9% of revenue as net income.
ACFN profit margins
ACFN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.5% | +17.9% | +14.2% | −4.9% |
| Gross profit | +10.2% | +20.2% | +16.4% | +3.6% |
| Operating income | +2.7% | — | — | — |
| Net income | −60.1% | — | +105.2% | — |
| EPS (diluted) | −60.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ACFN quarterly EPS vs estimates
Acorn Energy beat the analyst EPS estimate in 2 of the last 2 quarters. Next report: November 5, 2026.
ACFN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5M | $11.0M | $8.1M | $7.0M | $6.8M | $5.9M | $5.5M | $5.1M | $4.3M | $8.7M |
| Cost of revenue | $2.7M | $3.0M | $2.1M | $1.9M | $1.9M | $1.8M | $1.9M | $2.0M | $1.9M | $5.1M |
| Gross profit | $8.8M | $8.0M | $6.0M | $5.1M | $4.9M | $4.1M | $3.6M | $3.1M | $2.4M | $3.5M |
| Research & development | $1.1M | $1.0M | $875,000 | $845,000 | $739,000 | $619,000 | $559,000 | $542,000 | $518,000 | $927,000 |
| Sales, general & admin | $5.7M | $5.0M | $5.1M | $4.8M | $4.2M | $3.8M | $3.7M | $4.0M | $3.8M | $5.7M |
| Total operating expenses | $6.8M | $6.1M | $5.9M | $5.6M | $4.9M | $4.4M | $4.3M | $4.5M | $4.4M | $6.6M |
| Operating income | $2.0M | $1.9M | $74,000 | −$578,000 | −$8,000 | −$310,000 | −$699,000 | −$1.4M | −$1.9M | −$3.1M |
| Interest income | — | $74,000 | $67,000 | — | — | — | — | $6,000 | $1,000 | $1,000 |
| Interest expense | — | $1,000 | $3,000 | $2,000 | $5,000 | $35,000 | $24,000 | $113,000 | $232,000 | $604,000 |
| Income before taxes | $2.1M | $2.0M | $138,000 | −$631,000 | −$13,000 | $76,000 | −$697,000 | −$1.5M | −$2.1M | −$82,000 |
| Income taxes | −$434,000 | −$4.3M | $9,000 | — | — | — | −$137,000 | −$86,000 | $41,000 | $19,000 |
| Net income | $2.5M | $6.3M | $119,000 | −$633,000 | −$21,000 | $69,000 | −$560,000 | −$2.0M | −$1.2M | $145,000 |
| EBITDA | $2.1M | $2.1M | $302,000 | −$383,000 | $184,000 | $251,000 | −$643,000 | −$1.3M | −$1.8M | $668,000 |
| EPS (diluted) | $0.99 | $2.51 | $0.04 | −$0.02 | −$0.04 | −$0.08 | −$0.07 | −$0.66 | −$0.04 | $0.06 |
| Gross margin | 76.8% | 72.8% | 74.5% | 72.4% | 72.3% | 69.8% | 65.4% | 61.4% | 56.3% | 40.7% |
| Operating margin | 17.3% | 17.6% | 0.9% | −8.3% | −0.1% | −5.2% | −12.7% | −27.0% | −43.9% | −35.3% |
| Net margin | 21.9% | 57.3% | 1.5% | −9.0% | −0.3% | 1.2% | −10.2% | −39.3% | −26.9% | 1.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5M | $2.2M | $2.4M | $2.5M | $3.5M | $3.1M | $3.5M | $3.0M | $2.3M | $2.1M | $2.2M | $2.1M |
| Cost of revenue | $439,000 | $442,000 | $472,000 | $533,000 | $886,000 | $772,000 | $973,000 | $863,000 | $610,000 | $541,000 | $602,000 | $537,000 |
| Gross profit | $2.0M | $1.8M | $1.9M | $1.9M | $2.6M | $2.3M | $2.6M | $2.2M | $1.7M | $1.6M | $1.6M | $1.6M |
| Research & development | $239,000 | $255,000 | $271,000 | $267,000 | $265,000 | $291,000 | $314,000 | $234,000 | $226,000 | $238,000 | $261,000 | $212,000 |
| Sales, general & admin | $1.4M | $1.7M | $1.4M | $1.5M | $1.4M | $1.4M | $1.4M | $1.2M | $1.2M | $1.3M | $1.3M | $1.3M |
| Total operating expenses | $1.7M | $1.9M | $1.6M | $1.8M | $1.7M | $1.7M | $1.7M | $1.4M | $1.4M | $1.5M | $1.6M | $1.5M |
| Operating income | $375,000 | −$129,000 | $279,000 | $159,000 | $947,000 | $604,000 | $845,000 | $756,000 | $258,000 | $78,000 | $78,000 | $8,000 |
| Interest income | $32,000 | $31,000 | — | $34,000 | $27,000 | $24,000 | $21,000 | $20,000 | $18,000 | $15,000 | — | $19,000 |
| Income before taxes | $407,000 | −$98,000 | $315,000 | $193,000 | $974,000 | $628,000 | $865,000 | $776,000 | $276,000 | $93,000 | $96,000 | $27,000 |
| Income taxes | $105,000 | −$25,000 | −$765,000 | −$65,000 | $242,000 | $154,000 | −$4.4M | $42,000 | — | $25,000 | $9,000 | — |
| Net income | $294,000 | −$77,000 | $1.1M | $252,000 | $720,000 | $464,000 | $5.2M | $725,000 | $271,000 | $65,000 | $84,000 | $24,000 |
| EBITDA | $449,000 | −$99,000 | $309,000 | $188,000 | $973,000 | $634,000 | $895,000 | $789,000 | $306,000 | $121,000 | $270,000 | $68,000 |
| EPS (diluted) | $0.12 | −$0.03 | $0.42 | $0.10 | $0.28 | $0.19 | $2.08 | $0.29 | $0.11 | $0.03 | $0.03 | $0.01 |
| Gross margin | 82.4% | 80.2% | 80.1% | 78.5% | 74.9% | 75.1% | 72.4% | 71.7% | 73.2% | 74.6% | 73.2% | 74.3% |
| Operating margin | 15.1% | −5.8% | 11.7% | 6.4% | 26.9% | 19.5% | 23.9% | 24.8% | 11.3% | 3.7% | 3.5% | 0.4% |
| Net margin | 11.8% | −3.5% | 45.2% | 10.2% | 20.4% | 15.0% | 148.3% | 23.8% | 11.9% | 3.0% | 3.7% | 1.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ACFN's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ACFN financial results
In fiscal year 2025 (ended December 31, 2025), Acorn Energy reported revenue of $11.5 million, up 4.5% from the year before. It had net income of $2.5 million (down 60.1%), a net profit margin of 21.9%. Diluted earnings per share came to $0.99. Over five years revenue grew at an average rate of 14.2% a year.
See the ACFN stock overview for the latest quote and news, or the ACFN chart for price history and technical indicators.
ACFN income statement FAQ
What is Acorn Energy's annual revenue?
Acorn Energy reported total revenue of $11.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.5% from $11.0 million the previous year.
Is Acorn Energy profitable?
Yes. Acorn Energy reported net income of $2.5 million in fiscal 2025, a net profit margin of 21.9%; its operating margin was 17.3%.
What is Acorn Energy's gross margin?
Acorn Energy's gross margin was 76.8% in fiscal 2025: for every $100 of revenue, Acorn Energy kept $77 after the direct cost of its products and services.
How much does Acorn Energy spend on research and development?
Acorn Energy spent $1.1 million on research and development in fiscal 2025, 9.5% of revenue.
How fast is Acorn Energy growing?
Revenue grew 14.2% a year on average over the last five fiscal years, from $5.9 million to $11.5 million.
What are Acorn Energy's earnings per share?
Acorn Energy earned $0.99 per diluted share in fiscal 2025, compared with $2.51 a year earlier.
When will Acorn Energy report its next earnings?
Acorn Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Acorn Energy's fiscal year end?
Acorn Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.