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Energy Focus (EFOI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Energy Focus (EFOI) Q2 2026 earnings results →

Q2 2026 Revenue up 228% year over year to $3.7M · 23¢ of every $1 of revenue lost · operating margin -23.2%

Energy Focus made $3.7M in Q2 2026 (+228% Y/Y): Commercial products $2.3M, MMM products $1.5M, Setup service $4K. Operating margin -23.2%, net loss $877K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$3.7M
Year over year+228%
Operating margin-23.2%
Net earnings−$877K
Operating cash flow−$819K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $3.7M in Q2 2026, up 228% year over year and up 295% from the previous quarter. Commercial products was the largest line at 60% of revenue. Commercial products added $1.5M year over year (up 192%), 57% of the total change. Setup service declined 82%.

Operating costs exceeded revenue by $868K, an operating margin of -23.2%. The fastest-growing cost line was SG&A (+78%). The quarter ended with a net loss of $877K, wider than the previous quarter's $140K loss.

Operating cash flow was −$819K. Non-cash charges added back $8K of depreciation. Working capital and other items added $50K.

Quarterly history

Energy Focus revenue by quarterEnergy Focus revenue by quarter$1.3MQ4 2024$616KQ1 2025$1.1MQ2 2025$826KQ3 2025$975KQ4 2025$949KQ1 2026$3.7MQ2 2026
Energy Focus net earnings by quarterEnergy Focus net earnings by quarter−$294KQ4 2024−$268KQ1 2025−$231KQ2 2025−$172KQ3 2025−$329KQ4 2025−$140KQ1 2026−$877KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$3.7M+228%-23.2%−$877K−$819K
Q1 202610-QMay 12, 2026$949K+54%-14.9%−$140K$69K
Q4 202510-KMar 24, 2026$975K-24%-36.6%−$329K−$858K
Q3 202510-QNov 12, 2025$826K-31%-21.2%−$172K−$55K
Q2 202510-QAug 12, 2025$1.1M-26%-19.6%−$231K−$215K
Q1 202510-QMay 13, 2025$616K-26%-43.5%−$268K−$272K
Q4 202410-KMar 25, 2025$1.3M-47%-22.5%−$294K−$254K

Charts

Energy Focus: revenue growth, year over year and quarter over quarterEnergy Focus: revenue growth, year over year and quarter over quarterY/YQ/Q-47%Q4 2024-26%-52%Q1 2025-26%+86%Q2 2025-31%-28%Q3 2025-24%+18%Q4 2025+54%-3%Q1 2026+228%+295%Q2 2026
Latest (Q2 2026): Y/Y +228%, Q/Q +295%.
Energy Focus: where the cash came from (+) and went (−), TTM to Q2 2026Energy Focus: where the cash came from (+) and went (−), TTM to Q2 2026Shares issued$1.9MOperating cash flow−$1.7MOther financing$922KCash drawn (+) / kept (−)−$597KOther investing−$523KCapital spending−$49KExchange rates−$36KNot reconciled−$4K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Energy Focus: profit against cash, quarter by quarterEnergy Focus: profit against cash, quarter by quarterNet incomeOperating cash flow−$316K−$267KQ3 2024−$294K−$254KQ4 2024−$268K−$272KQ1 2025−$231K−$215KQ2 2025−$172K−$55KQ3 2025−$329K−$858KQ4 2025−$140K$69KQ1 2026−$877K−$819KQ2 2026
Latest (Q2 2026): Net income −$877K, Operating cash flow −$819K.
Energy Focus: diluted shares by fiscal year (split-adjusted)Energy Focus: diluted shares by fiscal year (split-adjusted)10MFY202014MFY20213MFY20223MFY20235MFY20246MFY2025
-43.4% since FY2020: buybacks shrank the count; earlier years scaled for the 3-for-1 split before FY2023.
Energy Focus in its industry: growth against margin (5 companies, SIC 3640)Energy Focus in its industry: growth against margin (5 companies, SIC 3640)revenue growth, year over year →↑ operating marginmedian +10%median -3%AYILYTSSKYXOESXEFOI (+228%, -23%)
Electric Lighting & Wiring Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Energy Focus

Energy Focus specializes in designing, developing, manufacturing, and selling energy-efficient lighting systems and controls. We provide high-quality LED lighting solutions for both commercial and military maritime markets (MMM), helping our customers improve energy efficiency, productivity, and wellness through advanced LED retrofit products. Our core products include robust lighting fixtures and lamps for navy and military applications, Energy Storage Systems (“ESS”), Uninterruptible Power Supply (“UPS”), and tubular LED (“TLED”) lighting products, including battery backup units as well as general commercial and maritime lighting fixtures.

In its own words, from its 10-K, filed Mar 24, 2026.

Energy Focus against its Electric Lighting & Wiring Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +228% against the peers' median +10%. Operating margin: -23.2% against the peers' median -3.4%.

CompanyQuarterRevenueY/YOp. margin
EFOI Energy FocusQ2 2026$3.7M+228%-23.2%
AYI AcuityQ4 FY26$1.2B+3%18.2%
LYTS LSI IndustriesQ1 FY27$226M+44%6.3%
SKYX Skyx PlatformsQ2 2026$25.3M+10%-28.0%
OESX Orion Energy SystemsQ2 FY27$21.7M+9%-3.4%

Source: Energy Focus 10-Q on SEC EDGAR · CIK 924168 · Electric Lighting & Wiring Equipment

13F: who owns EFOI and who is buying

Largest holders of EFOI (13F)Largest holders of EFOI (13F)Vanguard Group$146KVanguard Capital Management LLC$143KRenaissance Technologies LLC$110KGeode Capital Management, LLC$97KVanguard Fiduciary Trust$65KState Street$46KCitadel Advisors LLC$42KBlackRock$11KUBS Group AG$11KTower Research Capital LLC$9K
Funds' net buying of EFOI by quarter (13F)Funds' net buying of EFOI by quarter (13F)$02024-09$02024-12$85K2025-03$1K2025-06$19K2025-09$38K2025-12−$34K2026-03$281K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on EFOI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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中文版:Energy Focus(EFOI)财报

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