ACFN on Nasdaq

Acorn Energy

Logo: acornenergy.com4

Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

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  • TickerACFN on Nasdaq1
  • Industryenergy industry1
  • HeadquartersDE1
  • Websitewww.acornenergy.com
  • Incorporated inDE5
  • Business address1000 N West Street, Suite 1200, Wilmington, De 198015
  • Filer categoryNon-accelerated filer, Smaller reporting company5

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Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security. It was founded by George Morgenstern in 1984 as Decision Systems, Inc. and was taken public by Laidlaw Securities. The name was later changed to Data Systems and Software Inc. John Moore became CEO in 2006 and changed the name to Acorn Factor and later to Acorn Energy.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

76.8%Gross margin6
17.3%Operating margin6
21.9%Net margin6
4.5%Revenue growth, 20256
30.4%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hardware brought in 48% of the revenue Acorn Energy broke down this way in fiscal 2025.

  1. Hardware$5.9M648%down 8% from 2024
  2. Monitoring$5.6M645%up 22% from 2024
  3. Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges$956.0K68%
Products and services by year
Products and services20242025
Hardware$6.4M$5.9M
Monitoring$4.6M$5.6M
Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges$956.0K

Business segments

PG brought in 94% of the revenue Acorn Energy broke down this way in fiscal 2025.

  1. PG$10.7M694%up 9% from 2024
  2. CP$737.0K66%down 33% from 2024
Business segments by year
Business segments20242025
PG$9.9M$10.7M
CP$1.1M$737.0K

Regions

United States brought in 100% of the revenue Acorn Energy broke down this way in fiscal 2025.

  1. United States$11.4M6100%up 4% from 2024
  2. Outside the United States$41.0K60%up 32% from 2024
Regions by year
Regions20242025
United States$11.0M$11.4M
Outside the United States$31.0K$41.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue21¢$2.7M
  • Research and development9¢$1.1M
  • Selling, general and admin46¢$5.7M
  • Income tax3¢$434.0K
  • Profit20¢$2.5M

Out of $11.5M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$2.1M

Out of $2.1M of cash from operations.6

Financial statements

Revenue78910116$11.5M in 2025+109% since 2019
0$5.0M$10.0M$15.0M2019: $5.5M$5.5M20192020: $5.9M$5.9M2020+8%2021: $6.8M$6.8M2021+14%2022: $7.0M$7.0M2022+3%2023: $8.1M$8.1M2023+15%2024: $11.0M$11.0M2024+36%2025: $11.5M$11.5M2025+4%
Gross profit78910116$8.8M in 2025+146% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $3.6M$3.6M20192020: $4.1M$4.1M2020+15%2021: $4.9M$4.9M2021+19%2022: $5.1M$5.1M2022+4%2023: $6.0M$6.0M2023+18%2024: $8.0M$8.0M2024+33%2025: $8.8M$8.8M2025+10%
Operating income78910116$2.0M in 2025
-$1.0M0$1.0M$2.0M2019: -$699.0K-$699.0K20192020: -$310.0K-$310.0K2020−56%2021: -$8.0K-$8.0K2021−97%2022: -$629.0K-$629.0K2022+7762%2023: $74.0K$74.0K20232024: $1.9M$1.9M2024+2518%2025: $2.0M$2.0M2025+3%
Net income78910116$2.5M in 2025
-$2.0M0$2.0M$4.0M$6.0M$8.0M2019: -$618.0K-$618.0K20192020: $69.0K$69.0K20202021: -$21.0K-$21.0K20212022: -$633.0K-$633.0K2022+2914%2023: $119.0K$119.0K20232024: $6.3M$6.3M2024+5189%2025: $2.5M$2.5M2025−60%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-31
Revenue$11.5M$11.0M
COGS$2.7M$3.0M
Gross profit$8.8M$8.0M
Research and development expense (R&D)$1.1M$1.0M
Selling, general and administrative (SG&A) expense$5.7M$5.0M
Total operating expenses$6.8M$6.1M
Operating income$2.0M$1.9M
Interest income, net$121.0K$73.0K
Income before income taxes$2.1M$2.0M
Current state tax expense-$30.0K-$123.0K
Deferred income tax benefit$464.0K$4.4M
Net income$2.5M$6.3M
Non-controlling interest share of income-$34.0K-$28.0K
Net income attributable to Acorn Energy, Inc. stockholders.$2.5M$6.3M
Net income per share attributable to Acorn Energy, Inc. stockholders basic$1.01$2.53
Net income per share attributable to Acorn Energy, Inc. stockholders diluted$0.99$2.51
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders basic2.5M shares2.5M shares
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders diluted2.5M shares2.5M shares

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Former names

  • ACORN FACTOR, INC.Sep 22, 2006 to Jan 4, 20085
  • DATA SYSTEMS & SOFTWARE INCNov 14, 1996 to Sep 6, 20065

Recent filings

  1. Sep 18, 20268-K
  2. Sep 10, 20268-K
  3. Aug 18, 20268-K
  4. Aug 6, 202610-Q
  5. Aug 6, 20268-K
  6. Aug 3, 2026DEF 14A
  7. Jun 24, 20264
  8. May 7, 202610-Q
  9. May 7, 20268-K
  10. Mar 5, 202610-K
  11. Mar 5, 20268-K
  12. Feb 9, 20264
  13. Feb 9, 20264
  14. Feb 9, 20264
  15. Jan 21, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteAcorn Energy logo
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