ORION ENERGY SYSTEMS, INC.
OESXOther · Non-accelerated filer<br>Smaller reporting company · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $78.9M | $90.5M | $74.4M | $122.9M | $113.9M | $149.2M |
| Operating income | −$10.6M | −$10.8M | −$16.0M | $8.4M | $6.8M | $13.1M |
| Net income | −$11.8M | −$11.7M | −$34.3M | $6.1M | $26.1M | $12.5M |
| Total assets | $52.5M | $63.2M | $71.6M | $86.8M | $92.8M | $72.6M |
| Total liabilities | $40.6M | $40.6M | $38.3M | $21.7M | $34.7M | $41.5M |
| Equity | $11.9M | $22.5M | $33.2M | $65.1M | $58.1M | $31.0M |
| EPS (diluted) | $-0.36 | $-0.36 | $-1.08 | $0.19 | $0.83 | $0.40 |
| Shares out. | 33.3M | 32.6M | 32.3M | 31.1M | 30.8M | 30.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −13.4%
- Net margin
- −14.9%
- Return on equity
- −99.3%
- Return on assets
- −22.5%
- Return on capital (ROCE)
- −41.4%
- Liabilities / assets
- 77.3%
- Debt / equity
- 3.41×
- Book value / share
- $0.36
- Revenue growth (YoY)
- −12.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -7.11distress
- Accruals / assets
- −23.6%clean
- Beneish M-Score
- -3.71normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Feb 10, 2012
- NT 10-Kmissed a reporting deadline ↗Jun 15, 2011
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Brodin J PerOfficer — EVP, CFO, CAO & Treasurer | Feb 27, 2026 | Buy | 500 | $11.07 |
| Washlow Sally A.Officer — Chief Executive Officer | Nov 19, 2025 | Buy | 21,166 | $14.17 |
| Wishart-Smith Heather LDirector | Jul 1, 2025 | Grant | 20,000 | $0.00 |
| Washlow Sally A.Officer — Chief Executive Officer | Jul 1, 2025 | Grant | 200,000 | $0.00 |
| Shapiro Richard ADirector | Jul 1, 2025 | Grant | 20,000 | $0.00 |
| Richstone Ellen BDirector | Jul 1, 2025 | Grant | 20,000 | $0.00 |
| Otten Anthony L.Director | Jul 1, 2025 | Grant | 20,000 | $0.00 |
| Green Scott A.Officer — President and COO | Jul 1, 2025 | Grant | 150,000 | $0.00 |
| Brodin J PerOfficer — EVP, CFO, CAO & Treasurer | Jul 1, 2025 | Grant | 100,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 45,587 | 1.4 | -19.7% |
| Apr 30, 2026 | 56,785 | 1.6 | +44.4% |
| Apr 15, 2026 | 39,329 | 1.0 | -54.0% |
| Mar 31, 2026 | 85,512 | 2.4 | +105.4% |
| Mar 13, 2026 | 41,639 | 1.2 | -0.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 19, 2026
- Results of operationsApr 16, 2026
- Entered a material agreement · Other material eventMar 20, 2026
- Results of operationsFeb 5, 2026
- Entered a material agreement · Regulation FD disclosureFeb 2, 2026
- Results of operationsJan 20, 2026
- Director / officer changeNov 14, 2025
- Results of operationsNov 5, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SDMay 29, 2026
- 8-KMay 19, 2026
- SCHEDULE 13G/AMay 13, 2026
- 8-KApr 16, 2026
- SCHEDULE 13G/AApr 6, 2026
- 8-KMar 20, 2026
- EFFECTMar 16, 2026
- CORRESPMar 11, 2026
- UPLOADMar 11, 2026
- S-3Mar 6, 2026
- SCHEDULE 13G/AMar 3, 2026
- 4FORM 4Feb 27, 2026
- 10-QFeb 5, 2026
- 8-KFeb 5, 2026
- 8-KFeb 2, 2026
Event-driven situations (1)
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