Filing Flows › Energy Focus (EFOI) › Q4 2025
Energy Focus (EFOI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Energy Focus (EFOI) reported revenue of $975K for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and +18% from the quarter before. Operating margin was -36.6%, net loss $329K (33.7% of revenue).
Energy Focus, Q4 2025: revenue $975K (-24% year over year), operating margin -36.6%, net loss $329K, operating cash flow −$858K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $975K | +18% | -24% |
| Operating profit | −$357K | — | — |
| Net earnings | −$329K | — | — |
| Operating cash flow | −$858K | — | — |
What changed
Revenue was $1.0M in Q4 2025, down 24% year over year and up 18% from the previous quarter.
Gross margin was 18.9%, down 1.9 points from Q4 2024. Operating costs exceeded revenue by $357K, an operating margin of -36.6%. Operating expenses fell 2% while revenue fell 24%. The fastest-growing cost line was Research & development (+73%). The quarter ended with a net loss of $329K, wider than the previous quarter's $172K loss.
Operating cash flow was −$858K. Non-cash charges added back $9K of depreciation and $125K of share-based compensation. Working capital and other items used $663K.
Questions
What was Energy Focus' revenue in the fourth quarter 2025?
Energy Focus (EFOI) reported revenue of $975K for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and +18% from the quarter before.
Was Energy Focus profitable in the fourth quarter 2025?
Operating loss was $357K (-36.6% of revenue) and net loss $329K.
Source: Energy Focus 10-K on SEC EDGAR.