Filing Flows › Orion Energy Systems (OESX) › Q4 FY25
Orion Energy Systems (OESX) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jun 26, 2025
Orion Energy Systems (OESX) reported revenue of $20.9M for the fourth quarter fiscal 2025 (Q4 FY25), -21% from a year earlier and +7% from the quarter before. Operating margin was -12.7%, net loss $2.9M (13.9% of revenue).
Orion Energy Systems, Q4 FY25: revenue $20.9M (-21% year over year), operating margin -12.7%, net loss $2.9M, operating cash flow −$699K. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.9M | +7% | -21% |
| Operating profit | −$2.6M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$699K | — | — |
What changed
Revenue was $20.9M in Q4 FY25, down 21% year over year and up 7% from the previous quarter. Product was the largest line at 72% of revenue.
Gross margin was 27.5%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $2.6M, an operating margin of -12.7%. Operating expenses grew 68% against a revenue fall of 21%. The fastest-growing cost line was General & admin (+379%). The quarter ended with a net loss of $2.9M, wider than the previous quarter's $1.5M loss.
Operating cash flow was −$699K. Non-cash charges added back $700K of depreciation and amortization and $335K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $51K exceeded it, leaving free cash flow of −$750K.
Questions
What was Orion Energy Systems' revenue in the fourth quarter fiscal 2025?
Orion Energy Systems (OESX) reported revenue of $20.9M for the fourth quarter fiscal 2025 (Q4 FY25), -21% from a year earlier and +7% from the quarter before.
Was Orion Energy Systems profitable in the fourth quarter fiscal 2025?
Operating loss was $2.6M (-12.7% of revenue) and net loss $2.9M.