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MARKETS / NASDAQ / OESX
NASDAQ · ELECTRIC LIGHTING & WIRING EQUIPMENT · SMALL CAP

Orion Energy Systems, Inc. OESX

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$86.3M
▲ 8.3% YoY
$-3.2M
$-1.2M
▼ 332.4% YoY
In brief

What this company does

Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle charging infrastructure solutions and lighting and electrical maintenance services. The company was incorporated as a Wisconsin corporation in April 1996, and its corporate headquarters are located at 2210 Woodland Drive, Manitowoc, Wisconsin. As of March 31, 2026, the company had 174 full-time employees. As of March 31, 2026, the company had been issued over 90 United States patents and had applied for a number of additional United States patents.

Written from the business description in Orion Energy Systems, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 June 2026. Every sentence was checked against that document before publication.

Growth
USD 86.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 86.3 · Net income -3.2
80M-20M200920112013201520172019202120232025
Compound annual growth
+3.7%
−5.9%
+2.5%
+0.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −5.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1.9% · Net -3.7%
10%20%-20%-40%200920112013201520172019202120232025
ROE
FY2025 · ROE -22.2%
20%40%-20%-40%-60%200920112013201520172019202120232025

Each USD of equity lost 22 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.2
8M16M-8M-16M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2014 · Dividends — · Net buybacks -17.5
2.5M5.0M-8.0M-16.0M20092011201220132014

Total assetsUSD 51.6M
EquityUSD 16.6M
CashUSD 3.3M
Gross debtUSD 6.0M
Net debtUSD 2.7M
Current ratio1.41×

Net debt stands at 16% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.20.10.10.10.10.10.10.10.10.10.1
Operating income $B−0.0−0.0−0.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0
Income tax $B0.00.00.00.00.0−0.00.00.0−0.0−0.00.00.0−0.00.00.0−0.0−0.0
Net income $B−0.0−0.0−0.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0
Free cash flow $B−0.00.0−0.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.00.00.0−0.0−0.0
EPS, diluted $−0.89−3.59−3.59−1.080.190.830.40−0.23−0.46−0.44−0.73−1.43−0.30−0.500.020.01−0.16
Dividend / sh $·················
Payout %·················
ROE %−22.2−68.6−41.8−69.89.958.750.9−32.2−44.6−30.2−36.4−45.3−8.0−12.20.50.4−3.9
Shares out B0.000.000.030.030.030.030.030.03······0.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric Lighting & Wiring Equipment
Listed onNASDAQ
Incorporated inWisconsin
Fiscal year endsMarch 31
SEC categorysmaller reporting company
Data on record since2009

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