Revenue
$3.56M
Fiscal year ended 2025-12-31Operating income
-$1.02M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31ENERGY FOCUS, INC/DE (EFOI) reported revenue of $3.56M and net income of -$1.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ENERGY FOCUS, INC/DE’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric Lighting & Wiring Equipment.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.56M | $4.86M | $5.72M | $5.97M | $9.86M | $16.83M | $12.70M | $18.11M | $19.85M | $31.00M |
| Cost of revenue | $2.89M | $4.16M | $5.49M | $6.29M | $8.17M | $11.64M | $10.73M | $14.70M | $15.02M | $23.32M |
| Gross profit | $672.00K | $699.00K | $223.00K | -$318.00K | $1.70M | $5.18M | $1.97M | $3.41M | $4.82M | $7.68M |
| Operating income | -$1.02M | -$1.84M | -$3.97M | -$9.30M | -$8.71M | -$4.07M | -$6.96M | -$9.08M | -$11.28M | -$16.83M |
| Net income | -$1.00M | -$1.58M | -$4.29M | -$10.28M | -$7.89M | -$5.98M | -$7.37M | -$9.11M | -$11.27M | -$16.89M |
| Research & development | $412.00K | $524.00K | $587.00K | $1.49M | $1.89M | $1.42M | $1.28M | $2.60M | $2.94M | $3.54M |
| Weighted-average diluted shares | shares 5.55M | shares 4.95M | shares 3.24M | shares 1.16M | shares 4.56M | shares 3.27M | Unavailable | shares 12.00M | shares 11.81M | shares 11.67M |
| Pretax income | -$1.03M | -$1.58M | -$4.29M | -$10.28M | -$7.89M | -$5.99M | -$7.36M | -$9.10M | -$11.38M | -$16.85M |
| Income tax expense | $0 | $0 | $3.00K | $4.00K | -$1.00K | -$5.00K | $10.00K | $11.00K | -$115.00K | $27.00K |
| Diluted EPS | $-0.18 | $-0.32 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $-0.95 | $-1.45 |
| Selling, general & administrative | $1.28M | $2.02M | $3.61M | $7.15M | $8.54M | $7.90M | $7.45M | $9.79M | $11.32M | $20.11M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.06M | $565.00K | $2.03M | $52.00K | $2.68M | $1.84M | $350.00K | $6.34M | $10.76M | $16.60M |
| Total assets | $5.11M | $5.61M | $10.20M | $8.50M | $14.39M | $12.40M | $11.74M | $18.49M | $22.15M | $34.98M |
| Current assets | $4.65M | $5.14M | $9.19M | $7.24M | $13.42M | $11.08M | $9.33M | $17.69M | $20.90M | $32.62M |
| Total liabilities | $1.00M | $2.70M | $7.15M | $8.98M | $8.18M | $8.14M | $7.74M | $7.44M | $2.86M | $5.04M |
| Current liabilities | $922.00K | $2.44M | $6.35M | $7.95M | $8.16M | $7.56M | $6.54M | $7.24M | $2.63M | $4.93M |
| Total equity incl. NCI | $4.11M | $2.92M | $3.05M | -$477.00K | $6.21M | $4.26M | $4.00M | $11.05M | $19.29M | $29.94M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $2.93M | $3.26M | $4.44M | $5.48M | $7.87M | $5.64M | $6.17M | $8.06M | $5.72M | $9.47M |
| Accounts receivable | $526.00K | $804.00K | Unavailable | $445.00K | $1.24M | $2.02M | $2.34M | $2.20M | $3.60M | $5.64M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | $2.20M | $2.24M | $2.48M | $1.34M | $3.61M | $1.63M | $3.26M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.40M | -$1.30M | -$2.44M | -$6.71M | -$9.76M | -$2.45M | -$6.62M | -$6.80M | -$5.87M | Unavailable |
| Capital expenditures | $54.00K | $19.00K | $69.00K | $41.00K | $443.00K | $223.00K | $132.00K | $57.00K | $162.00K | $1.62M |
| Investing cash flow | -$197.00K | -$19.00K | -$69.00K | -$16.00K | -$443.00K | -$223.00K | -$129.00K | $189.00K | -$65.00K | Unavailable |
| Financing cash flow | $2.10M | -$149.00K | $4.49M | $4.10M | $10.71M | $4.16M | $1.09M | $2.18M | $81.00K | $146.00K |
| Net change in cash | $499.00K | -$1.46M | $1.98M | -$2.63M | $504.00K | $1.49M | -$5.64M | -$4.43M | -$5.87M | -$18.01M |
| Stock-based compensation | $121.00K | $4.00K | $44.00K | $117.00K | $429.00K | $131.00K | $616.00K | $908.00K | $807.00K | $1.36M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $309.00K |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | -$1.32M | -$2.51M | -$6.75M | -$10.21M | -$2.67M | -$6.76M | -$6.85M | -$6.04M | Unavailable |
| Gross margin | 18.9% | 14.4% | 3.9% | -5.3% | 17.2% | 30.8% | 15.5% | 18.8% | 24.3% | 24.8% |
| Operating margin | -28.8% | -37.9% | -69.5% | -155.7% | -88.3% | -24.2% | -54.7% | -50.2% | -56.8% | -54.3% |
| FCF margin | Unavailable | -27.1% | -43.9% | -113.2% | -103.5% | -15.9% | -53.2% | -37.8% | -30.4% | Unavailable |
| SBC / revenue | 3.4% | 0.1% | 0.8% | 2.0% | 4.3% | 0.8% | 4.8% | 5.0% | 4.1% | 4.4% |
| Current ratio | 5.04x | 2.11x | 1.45x | 0.91x | 1.65x | 1.47x | 1.43x | 2.44x | 7.95x | 6.61x |
| Revenue YoY growth | -26.7% | -15.0% | -4.2% | -39.5% | -41.4% | 32.5% | -29.8% | -8.8% | -36.0% | Unavailable |
| Net margin | Unavailable | -32.6% | -75.1% | -172.2% | -79.9% | -35.5% | -58.0% | -50.3% | -56.8% | -54.5% |
| R&D / revenue | 11.6% | 10.8% | 10.3% | 25.0% | 19.2% | 8.4% | 10.1% | 14.3% | 14.8% | 11.4% |
| CapEx / revenue | 1.5% | 0.4% | 1.2% | 0.7% | 4.5% | 1.3% | 1.0% | 0.3% | 0.8% | 5.2% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open EFOI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-12View SEC filing
10-K · Filed 2026-03-24View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-12View SEC filing
10-Q · Filed 2025-05-13View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.