# Orion Energy Systems, Inc.: overview

OESX · Nasdaq · CIK 1409375 · [Technology](/sectors/technology.md) · fiscal year ends Mar 31

Pages: [Overview](/companies/oesx.md) · [Financials](/companies/oesx/financials.md) · [Filings](/companies/oesx/filings.md) · [Insiders](/companies/oesx/insiders.md)

Latest reported revenue: [$25.7m](/filings/0001193125-26-335206.md) for Q1 FY2027, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001193125-26-335206).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-09-30) | Q3 FY2025 (2024-12-31) | Q4 FY2025 (2025-03-31) | Q1 FY2026 (2025-06-30) | Q2 FY2026 (2025-09-30) | Q3 FY2026 (2025-12-31) | Q4 FY2026 (2026-03-31) | Q1 FY2027 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [19.4](/filings/0001193125-25-266990.md) | [19.6](/filings/0001193125-26-039420.md) | [20.9 d](/filings/0001193125-26-257468.md) | [19.6](/filings/0001193125-26-335206.md) | [19.9](/filings/0001193125-25-266990.md) | [21.1](/filings/0001193125-26-039420.md) | [25.7 d](/filings/0001193125-26-257468.md) | [25.7](/filings/0001193125-26-335206.md) |
| Gross margin | % | [23.1%](/filings/0001193125-25-266990.md) | [29.4%](/filings/0001193125-26-039420.md) | [27.5% d](/filings/0001193125-26-257468.md) | [30.1%](/filings/0001193125-26-335206.md) | [31.0%](/filings/0001193125-25-266990.md) | [30.9%](/filings/0001193125-26-039420.md) | [37.0% d](/filings/0001193125-26-257468.md) | [34.6%](/filings/0001193125-26-335206.md) |
| Operating margin | % | [(16.9%)](/filings/0001193125-25-266990.md) | [(6.4%)](/filings/0001193125-26-039420.md) | [(12.7%) d](/filings/0001193125-26-257468.md) | [(5.2%)](/filings/0001193125-26-335206.md) | [(1.2%)](/filings/0001193125-25-266990.md) | [1.8%](/filings/0001193125-26-039420.md) | [(3.0%) d](/filings/0001193125-26-257468.md) | [8.2%](/filings/0001193125-26-335206.md) |
| Net margin | % | [(18.7%)](/filings/0001193125-26-039420.md) | [(7.7%)](/filings/0001193125-26-039420.md) | [(13.9%) d](/filings/0001193125-26-257468.md) | [(6.4%)](/filings/0001193125-26-335206.md) | [(2.9%)](/filings/0001193125-26-039420.md) | [0.8%](/filings/0001193125-26-039420.md) | [(5.8%) d](/filings/0001193125-26-257468.md) | [7.6%](/filings/0001193125-26-335206.md) |
| Diluted EPS | $ per share | [(1.10)](/filings/0001193125-25-266990.md) | [(0.46)](/filings/0001193125-26-039420.md) | not reported | [(0.37)](/filings/0001193125-26-335206.md) | [(0.17)](/filings/0001193125-25-266990.md) | [0.04](/filings/0001193125-26-039420.md) | not reported | [0.47](/filings/0001193125-26-335206.md) |
| Free cash flow | $m | [0.5 d](/filings/0001193125-25-266990.md) | [3.7 d](/filings/0001193125-26-039420.md) | [(0.8) d](/filings/0001193125-26-257468.md) | [(0.6)](/filings/0001193125-26-335206.md) | [1.6 d](/filings/0001193125-25-266990.md) | [(1.1) d](/filings/0001193125-26-039420.md) | [(1.5) d](/filings/0001193125-26-257468.md) | [1.3](/filings/0001193125-26-335206.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-03-31) | FY2023 (2023-03-31) | FY2024 (2024-03-31) | FY2025 (2025-03-31) | FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [124](/filings/0000950170-24-072435.md) | [77.4](/filings/0000950170-25-090385.md) | [90.6](/filings/0001193125-26-257468.md) | [79.7](/filings/0001193125-26-257468.md) | [86.3](/filings/0001193125-26-257468.md) |
| Gross margin | % | [27.3%](/filings/0000950170-24-072435.md) | [22.6%](/filings/0000950170-25-090385.md) | [23.1%](/filings/0001193125-26-257468.md) | [25.4%](/filings/0001193125-26-257468.md) | [32.6%](/filings/0001193125-26-257468.md) |
| Operating margin | % | [6.7%](/filings/0000950170-24-072435.md) | [(20.7%)](/filings/0000950170-25-090385.md) | [(11.9%)](/filings/0001193125-26-257468.md) | [(13.3%)](/filings/0001193125-26-257468.md) | [(1.9%)](/filings/0001193125-26-257468.md) |
| Net margin | % | [4.9%](/filings/0000950170-24-072435.md) | [(44.4%)](/filings/0000950170-25-090385.md) | [(12.9%)](/filings/0001193125-26-257468.md) | [(14.8%)](/filings/0001193125-26-257468.md) | [(3.7%)](/filings/0001193125-26-257468.md) |
| Diluted EPS | $ per share | [0.19](/filings/0000950170-24-072435.md) | [(1.08)](/filings/0000950170-25-090385.md) | [(3.59)](/filings/0001193125-26-257468.md) | [(3.59)](/filings/0001193125-26-257468.md) | [(0.89)](/filings/0001193125-26-257468.md) |
| Free cash flow | $m | [(0.6)](/filings/0000950170-24-072435.md) | [(2.9)](/filings/0000950170-25-090385.md) | [(10.9)](/filings/0001193125-26-257468.md) | [0.5](/filings/0001193125-26-257468.md) | [(1.2)](/filings/0001193125-26-257468.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/oesx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [North Star Investment Management Corp.](/funds/1342857.md) | 2026-06-30 | $6.2m | 526,952 |  | Added +1,400 |
| [GRACE & WHITE INC /NY](/funds/903064.md) | 2026-06-30 | $3.1m | 263,613 |  | Added +22,226 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $2.1m | 181,669 |  | Added +3,200 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.5m | 127,484 |  | Added +15,560 |
| [US BANCORP \\DE\\](/funds/36104.md) | 2026-06-30 | $820.1k | 70,155 |  | Unchanged |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $717.1k | 61,342 |  | Added +4,418 |
| [SEI INVESTMENTS CO](/funds/350894.md) | 2026-06-30 | $647.7k | 55,406 |  | Reduced −74,695 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $627.6k | 53,685 |  | Added +26,535 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $445.8k | 38,125 |  | Reduced −1,973 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $431.2k | 36,890 |  | Added +12,681 |

## Recent filings

[All 921 filings](/companies/oesx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-15 | 15:35 ET | [8-K](/filings/0001193125-26-391540.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-391540 |
| 2026-08-07 | 20:30 ET | [8-K](/filings/0001193125-26-340368.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-340368 |
| 2026-08-05 | 20:21 ET | [10-Q](/filings/0001193125-26-335206.md) | Quarterly report, period 2026-06-30 | 0001193125-26-335206 |
| 2026-08-05 | 11:02 ET | [8-K](/filings/0001193125-26-333810.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-333810 |
| 2026-06-23 | 20:15 ET | [DEF 14A](/filings/0001193125-26-279460.md) | Proxy statement, period 2026-08-06 | 0001193125-26-279460 |
| 2026-06-04 | 20:24 ET | [10-K](/filings/0001193125-26-257468.md) | Annual report, period 2026-03-31 | 0001193125-26-257468 |
| 2026-06-04 | 11:00 ET | [8-K](/filings/0001193125-26-256436.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-256436 |
| 2026-05-19 | 13:42 ET | [8-K](/filings/0001193125-26-229823.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-229823 |
| 2026-04-16 | 20:28 ET | [8-K](/filings/0001193125-26-159103.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-159103 |
| 2026-03-20 | 20:13 ET | [8-K](/filings/0001193125-26-117652.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-117652 |

## Latest annual report

[Form 10-K for the fiscal year ended Mar 31, 2026](/filings/0001193125-26-257468.md), filed Jun 4, 2026.

## Forecast league

Q2 FY2027, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/afc59e1d-27af-4713-8625-c6060c79e27f)

## About the filer

- CIK: 1409375
- Tickers: OESX
- Exchange: Nasdaq
- SIC code: 3640 Electric Lighting & Wiring Equipment
- State of incorporation: WI
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:39 ET. No prices; not investment advice.
