---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-090169"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2025-06-26T23:59:59+00:00"
generated_at: "2026-05-18T17:45:00.075230+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Energy FY2025 revenue falls 12% to $79.7M; guides FY2026 to ~$84M, targeting positive EBITDA

## Summary
- Q4'25 net loss ($2.9M) vs net income $1.6M in Q4'24; FY25 net loss ($11.8M) unchanged from FY24.
- Gross margin improved to 27.5% in Q4 (+170 bps) and 25.4% in FY (+230 bps); adjusted EBITDA positive in Q4 at $0.2M.
- EV charging revenue up 37% to $16.8M in FY; LED lighting revenue down 22% to $47.7M; maintenance down 11% to $15.2M.
- Cash increased to $6.0M from $5.2M; reduced credit facility by $3.0M to $7.0M; extended facility to June 2027.
- FY2026 outlook: ~$84M revenue (+5%), aiming for positive full-year adjusted EBITDA; Voltrek earnout restructured.

## SEC filing metadata
- accession: 0000950170-25-090169
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2025-06-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409375/000095017025090169/0000950170-25-090169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017025090169/oesx-20250626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-090169
- JSON: https://secwatch.observer/filing/0000950170-25-090169.json
- Plain text: https://secwatch.observer/filing/0000950170-25-090169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.