OESX on Nasdaq

ORION ENERGY SYSTEMS, INC.

American electric lighting and wiring equipment company. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$86.3MRevenue, fiscal 20262
-$3.2MNet income, fiscal 20262

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  • TickerOESX on Nasdaq1
  • IndustryElectric Lighting & Wiring Equipment1
  • HeadquartersManitowoc, Wisconsin1
  • Incorporated inWI3
  • Business address2210 Woodland Drive, Manitowoc, Wi 542203
  • Filer categoryNon-accelerated filer, Smaller reporting company3

As used herein, unless otherwise expressly stated or the context otherwise requires, all references to “Orion,” “we,” “us,” “our,” “Company” and similar references are to Orion Energy Systems, Inc. and its consolidated subsidiaries.4 From its latest annual report

Financials

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

Key numbers, fiscal 2026

32.6%Gross margin2
-1.9%Operating margin2
-3.7%Net margin2
8.3%Revenue growth, 20262
-19.0%Return on equity2
0.34×Debt to equity2
-$1.2MFree cash flow2

What sells

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

Products and services

Product brought in 66% of the revenue ORION ENERGY SYSTEMS, INC. broke down this way in fiscal 2026.

  1. Product$57.0M266%up 5% from 2025
  2. Service$29.3M234%up 15% from 2025
Products and services by year
Products and services202420252026
Product$63.3M$54.4M$57.0M
Service$27.3M$25.4M$29.3M

Business segments

Lighting brought in 64% of the revenue ORION ENERGY SYSTEMS, INC. broke down this way in fiscal 2026.

  1. Lighting$55.9M264%up 17% from 2025
  2. Maintenance Services$16.0M218%up 6% from 2025
  3. Electric Vehicle Charging Systems$14.4M216%down 15% from 2025
  4. Outside The United States in Germany$1.5M22%down 17% from 2025
Business segments by year
Business segments202420252026
Lighting$61.1M$47.7M$55.9M
Maintenance Services$17.1M$15.2M$16.0M
Electric Vehicle Charging Systems$12.3M$16.8M$14.4M
Outside The United States in Germany$6.4M$1.8M$1.5M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue67¢$58.2M
  • Research and development1¢$945.0K
  • Other costs31¢$27.1M
  • Income tax0¢$60.0K

Out of $86.3M in revenue.2 The company lost money this year.

Financial statements

Revenue567892$86.3M in 2026+31% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $65.8M$65.8M20192020: $150.8M$150.8M2020+129%2021: $116.8M$116.8M2021−23%2022: $124.4M$124.4M2022+6%2023: $77.4M$77.4M2023−38%2024: $90.6M$90.6M2024+17%2025: $79.7M$79.7M2025−12%2026: $86.3M$86.3M2026+8%
Gross profit567892$28.1M in 2026+93% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $14.6M$14.6M20192020: $37.1M$37.1M2020+155%2021: $30.1M$30.1M2021−19%2022: $33.9M$33.9M2022+13%2023: $17.5M$17.5M2023−48%2024: $20.9M$20.9M2024+19%2025: $20.2M$20.2M2025−3%2026: $28.1M$28.1M2026+39%
Operating income567892-$1.6M in 2026−73% since 2019
-$20.0M-$10.0M0$10.0M$20.0M2019: -$6.2M-$6.2M20192020: $13.1M$13.1M20202021: $6.8M$6.8M2021−48%2022: $8.4M$8.4M2022+23%2023: -$16.0M-$16.0M20232024: -$10.8M-$10.8M2024−32%2025: -$10.6M-$10.6M2025−2%2026: -$1.6M-$1.6M2026−85%
Net income567892-$3.2M in 2026−53% since 2019
-$40.0M-$20.0M0$20.0M$40.0M2019: -$6.7M-$6.7M20192020: $12.5M$12.5M20202021: $26.1M$26.1M2021+110%2022: $6.1M$6.1M2022−77%2023: -$34.3M-$34.3M20232024: -$11.7M-$11.7M2024−66%2025: -$11.8M-$11.8M2025+1%2026: -$3.2M-$3.2M2026−73%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Revenues$86.3M$79.7M$90.6M
Cost of revenue$58.2M$59.5M$69.7M
Gross profit$28.1M$20.2M$20.9M
General and administrative$18.7M$18.0M$16.7M
Impairment on intangibles$0$0$456.0K
Acquisition related costs$0$0$56.0K
Sales and marketing$10.1M$11.6M$13.0M
Research and development$945.0K$1.2M$1.5M
Total operating expenses$29.7M$30.8M$31.7M
Loss from operations-$1.6M-$10.6M-$10.8M
Other income$51.0K$62.0K$39.0K
Interest expense-$783.0K-$1.0M-$752.0K
Amortization of debt issue costs-$170.0K-$206.0K-$95.0K
Loss on debt extinguishment-$562.0K$0$0
Interest income$3.0K$7.0K$2.0K
Total other expense-$1.5M-$1.2M-$806.0K
Loss before income tax-$3.1M-$11.8M-$11.6M
Income tax expense$60.0K$42.0K$41.0K
Net Income (Loss)-$3.2M-$11.8M-$11.7M
Basic net loss per share attributable to common shareholders-$0.89-$3.59-$3.59
Weighted-average common shares outstanding3.6M shares3.3M shares3.2M shares
Diluted net loss per share-$0.89-$3.59-$3.59
Weighted-average common shares and share equivalents outstanding3.6M shares3.3M shares3.2M shares

Compare ORION ENERGY SYSTEMS, INC. with another company

Leadership

Who has led ORION ENERGY SYSTEMS, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Timeline

  1. Jul 1, 2025New chief executive Sally A. Washlow becomes CEO14
  2. Nov 14, 2022New chief executive Michael H. Jenkins becomes CEO15
  3. Jun 15, 2017New chief executive Michael W. Altschaefl becomes CEO16
  4. Oct 1, 2012New chief executive John H. Scribante becomes CEO17
  5. Dec 18, 2007New chief executive Neal R. Verfuerth becomes CEO18

Filings

224 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 87 insider forms, 26 large holders, 32 other. The latest 20:

  1. Sep 15, 20268-K EDGAR
  2. Aug 24, 20264 EDGAR
  3. Aug 12, 20264 EDGAR
  4. Aug 12, 20264 EDGAR
  5. Aug 12, 20264 EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 12, 20264 EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 12, 20264 EDGAR
  10. Aug 7, 2026S-8 EDGAR
  11. Aug 7, 20268-K EDGAR
  12. Aug 5, 202610-Q EDGAR
  13. Aug 5, 20268-K EDGAR
  14. Jul 2, 2026SCHEDULE 13G/A EDGAR
  15. Jun 25, 20264 EDGAR
  16. Jun 24, 2026DEFA14A EDGAR
  17. Jun 23, 2026ARS EDGAR
  18. Jun 23, 2026DEF 14A EDGAR
  19. Jun 4, 202610-K EDGAR
  20. Jun 4, 20268-K EDGAR

The 224 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

43 open-market trades by officers, directors and large owners since October 2021: 41 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Wishart-Smith Heather LDirectorBuy1,054$18.96$20.0KForm 4
Jun 24, 2026Washlow Sally A.Chief Executive OfficerBuy1,780$9.47$16.9KForm 4
Jun 23, 2026Washlow Sally A.Chief Executive OfficerBuy955$9.50$9.1KForm 4
Feb 27, 2026BRODIN J PEREVP, CFO, CAO & TreasurerBuy500$11.07$5.5KForm 4
Nov 19, 2025Washlow Sally A.Chief Executive OfficerBuy21,166$14.17$299.9KForm 4
Feb 25, 2025JENKINS MICHAEL HChief Executive OfficerBuy5,682$0.88$5.0KForm 4
Feb 21, 2025RICHSTONE ELLEN BDirectorBuy20,000$0.91$18.2KForm 4
Feb 21, 2025Washlow Sally A.Chief Executive OfficerBuy2,000$0.92$1.8KForm 4
Feb 20, 2025RICHSTONE ELLEN BDirectorBuy874$0.88$769Form 4
Feb 19, 2025RICHSTONE ELLEN BDirectorBuy13,000$0.84$10.9KForm 4
Feb 18, 2025Otten Anthony L.DirectorBuy5,000$0.83$4.2KForm 4
Feb 18, 2025RICHSTONE ELLEN BDirectorBuy13,000$0.84$10.9KForm 4
Feb 14, 2025Wishart-Smith Heather LDirectorBuy7,000$0.80$5.6KForm 4
Feb 14, 2025RICHSTONE ELLEN BDirectorBuy10,000$0.82$8.2KForm 4
Nov 18, 2024Otten Anthony L.DirectorBuy5,000$0.86$4.3KForm 4
Jun 28, 2024Washlow Sally A.Chief Executive OfficerBuy1,080$1.24$1.3KForm 4
Jun 27, 2024Washlow Sally A.Chief Executive OfficerBuy1,200$1.22$1.5KForm 4
Jun 24, 2024Washlow Sally A.Chief Executive OfficerBuy1,550$1.42$2.2KForm 4
Jun 14, 2024RICHSTONE ELLEN BDirectorBuy20,000$1.15$23.0KForm 4
Jun 12, 2024Wishart-Smith Heather LDirectorBuy9,025$1.11$10.0KForm 4

All 43 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 34. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
North Star Investment Management Corp.526,952$6.2M0.3%+1,400
Grace & White Inc /ny263,613$3.1M0.5%+22,226
Renaissance Technologies LLC181,669$2.1M0.0%+3,200
Vanguard Capital Management LLC127,484$1.5M0.0%+15,560
Us Bancorp \de\70,155$820.1K0.0%No change
Marshall Wace, Llp61,342$717.1K0.0%+4,418
Sei Investments Co55,406$647.7K0.0%−74,695
Jane Street Group, LLC53,685$627.6K0.0%+26,535
Geode Capital Management, LLC38,125$445.8K0.0%−1,973
BlackRock, Inc.36,890$431.2K0.0%+12,681
Bridgeway Capital Management, LLC31,140$364.0K0.0%+7,200
Vanguard Fiduciary Trust Co22,796$266.5K0.0%+5,484
Essex Investment Management Co LLC20,608$240.9K0.0%+8,051
Quadrature Capital Ltd20,219$236.4K0.0%+10,139
Farther Finance Advisors, LLC9,700$113.4K0.0%New
Morgan Stanley1,747$20.4K0.0%+870
IAG Wealth Partners, LLC1,700$19.9K0.0%No change
Firsthand Capital Management, Inc.1,400$16.4K0.0%No change
Axiom Investment Management LLC1,206$14.1K0.0%No change
Vanguard Global Advisers, LLC722$8.4K0.0%No change
Jpmorgan Chase & Co591$7.0K0.0%New
Royal Bank Of Canada634$7.0K0.0%New
Jones Financial Companies Lllp378$4.3K0.0%+250
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC344$4.0K0.0%No change
Compass Financial Management LLC268$3.1K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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