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Energy Focus cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$819K in Q2 2026 · −$1.7M over twelve months

Operating cash flow−$819K
Free cash flow−$819K

Analysis

In Q2 2026, Energy Focus generated −$819K of operating cash flow. That is $604K less than in Q2 2025 (−$215K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$1.7M; the largest uses were operating cash flow ($1.7M), other investing ($523K), capital spending ($49K); besides operations, cash came from shares issued ($1.9M), other financing ($922K); the cash balance rose by $597K.

Operating cash flow was −$819K against net income of −$877K. The largest differences: receivables −$2.2M, inventory +$499K, prepaid and other assets −$63K.

Free cash flow

Energy Focus: free cash flow by quarterEnergy Focus: free cash flow by quarter−$286KQ3 2024−$254KQ4 2024−$277KQ1 2025−$215KQ2 2025−$104KQ3 2025−$858KQ4 2025$69KQ1 2026−$819KQ2 2026
Operating cash flow less capital spending.
Energy Focus: operating cash flow against capital spendingEnergy Focus: operating cash flow against capital spendingOperating cash flowCapital spending−$267K$19KQ3 2024−$254K$0Q4 2024−$272K$5KQ1 2025−$215K$0Q2 2025−$55K$49KQ3 2025−$858K$0Q4 2025$69K$0Q1 2026−$819K$0Q2 2026
Latest (Q2 2026): Operating cash flow −$819K, Capital spending $0.

Capital allocation, year by year

Energy Focus: where the cash came from (up) and went (down), by fiscal yearEnergy Focus: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$9.8MFY2021: Net borrowing $1.3MFY2021: Shares issued $80KFY2021: Capital spending −$443K$1.4MFY2021FY2022: Operating cash flow −$6.7MFY2022: Net borrowing −$769KFY2022: Shares issued $6KFY2022: Capital spending −$41K$6KFY2022FY2023: Operating cash flow −$2.4MFY2023: Net borrowing −$2.0MFY2023: Capital spending −$69KFY2023FY2024: Operating cash flow −$1.3MFY2024: Net borrowing −$1.0MFY2024: Shares issued $851KFY2024: Capital spending −$19K$851KFY2024FY2025: Operating cash flow −$1.4MFY2025: Shares issued $2.1MFY2025: Asset sales $13KFY2025: Capital spending −$54K$2.1MFY2025
Over these 5 years operating cash flow totalled −$21.6M; the largest uses were operating cash flow ($21.6M) and net borrowing ($3.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.1M
Debt$911K
Net cash$185K
Cash runway8 months

Energy Focus is burning cash: its operations consume cash, a free cash flow of −$1.7M a year at the current rate against $1.1M of cash and investments: a runway of about 8 months before any new financing.

Where the cash came from and went

Energy Focus: sources (+) and uses (−) of cash, Q2 2026Energy Focus: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$922KOperating cash flow−$819KOther investing−$380KShares issued$250KCash drawn (+) / kept (−)$30KExchange rates−$3K
Energy Focus: sources (+) and uses (−) of cash, TTM to Q2 2026Energy Focus: sources (+) and uses (−) of cash, 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 profit to cash

Energy Focus: net income to operating cash flow, Q2 2026Energy Focus: net income to operating cash flow, Q2 2026Net income−$877KDepreciation & amortization$8KReceivables−$2.2MInventory$499KAccrued liabilities$35KPrepaid and other assets−$63KOther operating capital−$2KOperating cash flow−$819K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$819K—$922K$250K$30K−$819K
Q1 2026$69K———−$62K$69K
Q4 2025−$858K——$1.2M−$167K−$858K
Q3 2025−$55K−$49K—$500K−$398K−$104K
Q2 2025−$215K——$200K−$11K−$215K
Q1 2025−$272K−$5K—$200K$77K−$277K
Q4 2024−$254K———$254K−$254K
Q3 2024−$267K−$19K——$286K−$286K

Energy Focus: income statement and cash flow

Energy Focus, Q2 2026: revenue $3.7M (+228% year over year), operating margin -23.2%. The chart follows the revenue to costs, profit and cash.

Energy Focus: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.