Orion Energy Systems, Inc. (NASDAQ: OESX) Q4 2025 Earnings Insights

• Orion Energy Systems reported an EPS of -$0.06, aligning with estimates, on a revenue of $20.87 million.

• The company saw a gross margin increase to 25.4% in fiscal year 2025, despite a decrease in overall revenue.

• Orion anticipates a 5% revenue growth in fiscal year 2026, projecting around $84 million.

Orion Energy Systems, Inc. (NASDAQ:OESX) specializes in energy-efficient LED lighting and electric vehicle (EV) charging stations. On June 26, 2025, OESX reported its earnings, revealing an earnings per share (EPS) of -$0.06, which matched the estimated EPS of -$0.06. The company generated a revenue of approximately $20.87 million, slightly below the estimated revenue of about $21.08 million.

During the Q4 2025 earnings conference call, key participants included John Per Brodin, the Executive Vice President, CFO, Chief Accounting Officer, and Treasurer, and Sally A. Washlow, the CEO and Independent Director. Analysts like Eric Stine from Craig-Hallum Capital Group LLC and Gowshihan Sriharan from Singular Research, LLC, also participated. The call likely covered Orion's financial performance, strategic initiatives, and future outlook.

Orion reported a gross margin increase to 25.4% for fiscal year 2025, marking an improvement of 230 basis points. This was achieved on a revenue of $79.7 million, despite a decrease from $90.6 million in fiscal year 2024. The decline was due to reduced LED lighting sales and maintenance revenue, partially offset by increased EV charging station revenue.

For the fourth quarter of fiscal year 2025, Orion's revenue was $20.87 million, down from $26.4 million in the same quarter of the previous year. This decrease was influenced by a $1.9 million revenue contribution from a large European project in the prior year and an expected reduction in maintenance revenue. However, the company anticipates a 5% revenue growth in fiscal year 2026, projecting approximately $84 million.

Orion's financial metrics reveal a negative price-to-earnings (P/E) ratio of approximately -2.72, indicating current losses. The price-to-sales ratio is about 0.23, suggesting the stock is valued at 23 cents for every dollar of sales. The debt-to-equity ratio is about 0.75, indicating a moderate level of debt relative to equity. The current ratio is approximately 1.40, showing a reasonable level of liquidity to cover short-term liabilities.