Energy Focus financials
$2.71−1.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $4.9M | $5.7M | $6.0M | $9.9M | $16.8M | $12.7M | $18.1M | $19.8M | $31.0M |
| Gross profit | $672.0K | $699.0K | $223.0K | -$318.0K | $1.7M | $5.2M | $2.0M | $3.4M | $4.8M | $7.7M |
| Gross margin | 18.9% | 14.4% | 3.9% | −5.3% | 17.2% | 30.8% | 15.5% | 18.8% | 24.3% | 24.8% |
| Operating income | -$1.0M | -$1.8M | -$4.0M | -$9.3M | -$8.7M | -$4.1M | -$7.0M | -$9.1M | -$11.3M | -$16.8M |
| Net income | -$1.0M | -$1.6M | -$4.3M | -$10.3M | -$7.9M | -$6.0M | -$7.4M | -$9.1M | -$11.3M | -$16.9M |
| Net margin | −28.8% | −32.6% | −75.1% | −172.2% | −79.9% | −35.5% | −58.0% | −50.3% | −56.8% | −54.5% |
| Diluted EPS | $-0.18 | $-0.32 | $-1.32 | $-8.88 | $-1.73 | $-1.83 | $-2.99 | $-3.80 | $-4.75 | $-7.25 |
| EBITDA | -$987.0K | -$1.8M | -$3.9M | -$8.8M | -$8.5M | -$3.9M | -$6.4M | -$8.5M | -$8.8M | -$15.2M |
| Operating cash flow | -$1.4M | -$1.3M | -$2.4M | -$6.7M | -$9.8M | -$2.5M | -$6.6M | -$6.8M | -$5.9M | -$16.6M |
| Free cash flow | -$1.5M | -$1.3M | -$2.5M | -$6.8M | -$10.2M | -$2.7M | -$6.8M | -$6.9M | -$6.0M | -$18.2M |
| Diluted shares | 5.6M | 4.9M | 3.2M | 1.2M | 4.6M | 3.3M | 2.5M | 2.4M | 2.4M | 2.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.1M | $565.0K | $2.0M | $52.0K | $2.7M | $1.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $0.00 | $0.00 | $1.3M | $4.1M | $3.9M | $3.3M |
| Total assets | $5.1M | $5.6M | $10.2M | $8.5M | $14.4M | $12.4M |
| Total liabilities | $1.0M | $2.7M | $7.1M | $9.0M | $8.2M | $8.1M |
| Shareholders' equity | $4.1M | $2.9M | $3.1M | -$477.0K | $6.2M | $4.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology