Filing Flows › Orion Energy Systems (OESX) › Q4 FY26
Orion Energy Systems (OESX) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 4, 2026
Orion Energy Systems (OESX) reported revenue of $25.7M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +22% from the quarter before. Operating margin was -3.0%, net loss $1.5M (5.8% of revenue).
Orion Energy Systems, Q4 FY26: revenue $25.7M (+23% year over year), operating margin -3.0%, net loss $1.5M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.7M | +22% | +23% |
| Operating profit | −$773K | -300% | — |
| Net earnings | −$1.5M | -1036% | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $25.7M in Q4 FY26, up 23% year over year and up 22% from the previous quarter. Product was the largest line at 62% of revenue.
Gross margin was 37.0%, up 9.5 points from Q4 FY25. Operating costs exceeded revenue by $773K, an operating margin of -3.0%. Operating expenses grew 23% against revenue growth of 23%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $1.5M, after a profit of $160K the previous quarter.
Operating cash flow was −$1.5M. Non-cash charges added back $1.2M of depreciation and amortization and $163K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $25K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Orion Energy Systems' revenue in the fourth quarter fiscal 2026?
Orion Energy Systems (OESX) reported revenue of $25.7M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +22% from the quarter before.
Was Orion Energy Systems profitable in the fourth quarter fiscal 2026?
Operating loss was $773K (-3.0% of revenue) and net loss $1.5M.