Orion Energy Systems, Inc. (OESX) Income Statement
OESX FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsOESX revenue and net income
Where OESX's revenue goes
FY2026Each bar shows an amount and its share of revenue. OESX kept −3.7% of revenue as net income.
OESX profit margins
OESX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.3% | +3.7% | −5.9% | +2.5% |
| Gross profit | +38.8% | +17.1% | −1.4% | +5.8% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OESX quarterly EPS vs estimates
Orion Energy Systems beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.04).
OESX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.3M | $79.7M | $90.6M | $77.4M | $124.4M | $116.8M | $150.8M | $65.8M | $60.3M | $70.2M |
| Cost of revenue | $58.2M | $59.5M | $69.7M | $59.9M | $90.5M | $86.7M | $113.7M | $51.2M | $45.6M | $52.9M |
| Gross profit | $28.1M | $20.2M | $20.9M | $17.5M | $33.9M | $30.1M | $37.1M | $14.6M | $14.7M | $17.3M |
| Research & development | $945,000 | $1.2M | $1.5M | $1.9M | $1.7M | $1.7M | $1.7M | $1.4M | $1.9M | $2.0M |
| Sales, general & admin | $28.8M | $29.6M | $29.7M | $30.9M | $23.3M | $21.6M | $22.3M | $19.3M | $25.0M | $27.6M |
| Total operating expenses | $29.7M | $30.8M | $31.7M | $33.5M | $25.5M | $23.3M | $24.0M | $20.7M | $26.9M | $29.6M |
| Operating income | −$1.6M | −$10.6M | −$10.8M | −$16.0M | $8.4M | $6.8M | $13.1M | −$6.2M | −$13.0M | −$12.5M |
| Interest income | $3,000 | $7,000 | $2,000 | $34,000 | $0 | $0 | $5,000 | $11,000 | $15,000 | $36,000 |
| Interest expense | $783,000 | $1.1M | $847,000 | $312,000 | $80,000 | $184,000 | $422,000 | $294,000 | $425,000 | $273,000 |
| Income before taxes | −$3.1M | −$11.8M | −$11.6M | −$16.4M | $8.2M | $6.5M | $12.6M | −$6.7M | −$13.1M | −$12.5M |
| Income taxes | $60,000 | $42,000 | $41,000 | $18.0M | $2.2M | −$19.6M | $159,000 | $14,000 | −$15,000 | −$261,000 |
| Net income | −$3.2M | −$11.8M | −$11.7M | −$34.3M | $6.1M | $26.1M | $12.5M | −$6.7M | −$13.1M | −$12.3M |
| EBITDA | −$536,000 | −$8.1M | −$8.4M | −$14.0M | $9.9M | $8.1M | $14.5M | −$4.5M | −$10.7M | −$10.1M |
| EPS (diluted) | −$0.29 | −$2.13 | −$1.52 | −$9.32 | $2.36 | $2.02 | $4.18 | −$1.93 | −$3.28 | −$2.05 |
| Gross margin | 32.6% | 25.4% | 23.1% | 22.6% | 27.3% | 25.8% | 24.6% | 22.1% | 24.3% | 24.7% |
| Operating margin | −1.9% | −13.3% | −11.9% | −20.7% | 6.7% | 5.9% | 8.7% | −9.4% | −21.5% | −17.8% |
| Net margin | −3.7% | −14.8% | −12.9% | −44.4% | 4.9% | 22.4% | 8.3% | −10.1% | −21.8% | −17.5% |
| 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 | $25.7M | $25.7M | $21.1M | $19.9M | $19.6M | $20.9M | $19.6M | $19.4M | $19.9M | $26.4M | $26.0M | $20.6M |
| Cost of revenue | $16.8M | $16.2M | $14.6M | $13.7M | $13.7M | $15.1M | $13.8M | $14.9M | $15.6M | $19.6M | $19.6M | $16.0M |
| Gross profit | $8.9M | $9.5M | $6.5M | $6.2M | $5.9M | $5.7M | $5.8M | $4.5M | $4.3M | $6.8M | $6.4M | $4.6M |
| Research & development | $268,000 | $269,000 | $237,000 | $231,000 | $208,000 | $389,000 | $287,000 | $328,000 | $264,000 | $284,000 | $349,000 | $382,000 |
| Sales, general & admin | $6.5M | $10.0M | $5.9M | $6.2M | $6.7M | $8.0M | $6.7M | $7.4M | $7.5M | $4.3M | $8.1M | $8.4M |
| Total operating expenses | $6.8M | $10.3M | $6.1M | $6.4M | $6.9M | $8.4M | $7.0M | $7.7M | $7.7M | $5.0M | $8.4M | $8.7M |
| Operating income | $2.1M | −$773,000 | $386,000 | −$242,000 | −$1.0M | −$2.6M | −$1.2M | −$3.3M | −$3.4M | $1.8M | −$2.1M | −$4.2M |
| Interest income | — | $3,000 | $0 | — | — | $6,000 | $1,000 | $0 | $0 | $0 | $0 | $0 |
| Interest expense | $98,000 | $149,000 | $254,000 | $330,000 | $220,000 | $277,000 | $304,000 | $331,000 | $262,000 | $212,000 | $218,000 | $217,000 |
| Income before taxes | $2.0M | −$1.5M | $178,000 | −$571,000 | −$1.2M | −$2.9M | −$1.5M | −$3.6M | −$3.7M | $1.6M | −$2.3M | −$4.4M |
| Income taxes | −$5,000 | $19,000 | $18,000 | $10,000 | $13,000 | −$2,000 | $1,000 | $23,000 | $21,000 | −$17,000 | $1,000 | $15,000 |
| Net income | $2.0M | −$1.5M | $160,000 | −$581,000 | −$1.2M | −$2.9M | −$1.5M | −$3.6M | −$3.8M | $1.6M | −$2.3M | −$4.4M |
| EBITDA | $2.3M | −$890,000 | $764,000 | $269,000 | −$578,000 | −$2.0M | −$715,000 | −$2.7M | −$2.9M | $2.4M | −$1.4M | −$3.5M |
| EPS (diluted) | $0.47 | $0.04 | $0.04 | −$0.17 | −$0.20 | −$0.09 | −$0.30 | −$0.81 | −$0.93 | $0.06 | −$0.37 | −$1.00 |
| Gross margin | 34.6% | 37.0% | 30.9% | 31.0% | 30.1% | 27.5% | 29.4% | 23.1% | 21.6% | 25.8% | 24.5% | 22.2% |
| Operating margin | 8.2% | −3.0% | 1.8% | −1.2% | −5.2% | −12.7% | −6.4% | −16.9% | −17.2% | 6.8% | −7.9% | −20.2% |
| Net margin | 7.6% | −5.8% | 0.8% | −2.9% | −6.4% | −13.9% | −7.7% | −18.7% | −18.9% | 6.1% | −8.7% | −21.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OESX's financial statements (latest annual report filed June 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OESX financial results
In fiscal year 2026 (ended March 31, 2026), Orion Energy Systems reported revenue of $86.3 million, up 8.3% from the year before. It had a net loss of $3.2 million, a net profit margin of −3.7%. Diluted earnings per share came to −$0.29. Over five years revenue grew at an average rate of −5.9% a year.
See the OESX stock overview for the latest quote and news, or the OESX chart for price history and technical indicators.
OESX income statement FAQ
What is Orion Energy Systems's annual revenue?
Orion Energy Systems reported total revenue of $86.3 million for fiscal year 2026, which ended on March 31, 2026. That was up 8.3% from $79.7 million the previous year.
Is Orion Energy Systems profitable?
No. Orion Energy Systems reported a net loss of $3.2 million in fiscal 2026, a net profit margin of −3.7%; its operating margin was −1.9%.
What is Orion Energy Systems's gross margin?
Orion Energy Systems's gross margin was 32.6% in fiscal 2026: for every $100 of revenue, Orion Energy Systems kept $33 after the direct cost of its products and services.
How much does Orion Energy Systems spend on research and development?
Orion Energy Systems spent $0.9 million on research and development in fiscal 2026, 1.1% of revenue.
How fast is Orion Energy Systems growing?
Revenue grew −5.9% a year on average over the last five fiscal years, from $116.8 million to $86.3 million.
What are Orion Energy Systems's earnings per share?
Orion Energy Systems earned $-0.29 per diluted share in fiscal 2026, compared with $-2.13 a year earlier.
When will Orion Energy Systems report its next earnings?
Orion Energy Systems is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Orion Energy Systems's fiscal year end?
Orion Energy Systems's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 4, 2026.