---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-020695"
form_type: "8-K"
ticker: "EFOI"
cik: "0000924168"
company_name: "ENERGY FOCUS, INC/DE"
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:18:41.430022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Energy Focus FY2025 net sales $3.6M, down 27%; net loss $1.0M vs $1.6M

## Summary
- Full-year net sales $3.6M, down 26.7% YoY; MMM segment fell 42.7%.
- Net loss $1.0M ($0.18/sh) vs $1.6M ($0.32/sh); operating loss improved to $1.0M from $1.8M.
- Gross margin rose to 18.9% from 14.4%; adjusted gross margin 25.7% vs 21.5%.
- Cash $1.1M at year-end 2025 vs $0.6M at year-end 2024; raised ~$2.1M via CEO/affiliate private placements.
- Entered supply arrangement with major U.S. defense contractor; initial shipments begun.

## SEC filing metadata
- accession: 0001628280-26-020695
- form_type: 8-K
- ticker: EFOI
- cik: 0000924168
- company_name: ENERGY FOCUS, INC/DE
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924168/000162828026020695/0001628280-26-020695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924168/000162828026020695/efoi-20260324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-020695
- JSON: https://secwatch.observer/filing/0001628280-26-020695.json
- Plain text: https://secwatch.observer/filing/0001628280-26-020695.txt

## Key facts
- Earnings Releases
  ENERGY FOCUS, INC/DE reported financial results for the fourth quarter ended December 31, 2025.
  - Period: the fourth quarter ended December 31, 2025
  - Result: reported results
  source text: announced financial results for its fourth quarter and fiscal year ended December 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000162828026020695/0001628280-26-020695-index.htm
- Earnings Releases
  ENERGY FOCUS, INC/DE reported the fiscal year ended December 31, 2025 results: revenue $3.6 million, net income $1.0 million, EPS $(0.18) per basic and diluted share.
  - Period: the fiscal year ended December 31, 2025
  - Revenue: $3.6 million
  - Net income: $1.0 million
  - EPS: $(0.18) per basic and diluted share
  - Result: reported results
  source text: Full-Year 2025 and Subsequent Business Highlights • Net sales of $3.6 million, down 26.7% from 2024, reflecting a decrease of 42.7% in MMM sales and an increase of 10.5% in commercial sales.
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000162828026020695/0001628280-26-020695-index.htm

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