ORION ENERGY SYSTEMS, INC.

For the period ended Mar 31, 2026. Filed Jun 4, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Jun 4, 2026

OESX$13.24+5.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Fiscal Year Ended March 31,
(in thousands, except share and per share amounts)	2026	2025	2024
Product revenue	$57,029	$54,368	$63,307
Service revenue	29,277	25,352	27,274
Total revenue	86,306	79,720	90,581
Cost of product revenue	36,893	37,319	44,466
Cost of service revenue	21,320	22,165	25,204
Total cost of revenue	58,213	59,484	69,670
Gross profit	28,093	20,236	20,911
Operating expenses:
General and administrative	18,691	18,008	16,740
Impairment on intangibles	—	—	456
Acquisition related costs	—	—	56
Sales and marketing	10,099	11,595	12,988
Research and development	945	1,229	1,495
Total operating expenses	29,735	30,832	31,735
Loss from operations	(1,642)	(10,596)	(10,824)
Other income (expense):
Other income	51	62	39
Interest expense	(783)	(1,026)	(752)
Amortization of debt issue costs	(170)	(206)	(95)
Loss on debt extinguishment	(562)	—	—
Interest income	3	7	2
Total other expense	(1,461)	(1,163)	(806)
Loss before income tax	(3,103)	(11,759)	(11,630)
Income tax expense	60	42	41
Net loss	$(3,163)	$(11,801)	$(11,671)
Basic net loss per share attributable to common shareholders	$(0.89)	$(3.59)	$(3.59)
Weighted-average common shares outstanding	3,560,671	3,282,947	3,248,624
Diluted net loss per share	$(0.89)	$(3.59)	$(3.59)
Weighted-average common shares and share equivalents outstanding	3,560,671	3,282,947	3,248,624

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.