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Energy Focus (EFOI) Financials

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$2.90 -0.04 (-1.36%)
As of 03:59 PM Eastern
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Annual Income Statements for Energy Focus

Annual Income Statements for Energy Focus

This table shows Energy Focus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 8.78 -17 -11 -9.11 -7.37 -5.98 -7.89 -10 -4.29 -1.58 -1.03
Consolidated Net Income / (Loss)		 8.78 -17 -11 -9.11 -7.37 -5.98 -7.89 -10 -4.29 -1.58 -1.03
Net Income / (Loss) Continuing Operations		 9.47 -17 -11 -9.11 -7.37 -5.98 -7.89 -10 -4.29 -1.58 -1.03
Total Pre-Tax Income 		9.62 -17 -11 -9.10 -7.36 -5.99 -7.89 -10 -4.29 -1.58 -1.03
Total Operating Income		 9.65 -17 -11 -9.09 -6.96 -4.07 -8.71 -9.30 -3.97 -1.84 -1.02
Total Gross Profit		 29 7.68 4.82 3.41 1.97 5.19 1.70 -0.32 0.22 0.70 0.67
Total Revenue		 64 31 20 18 13 17 9.87 5.97 5.72 4.86 3.56
Operating Revenue		 64 31 20 18 13 17 9.87 5.97 5.72 4.86 3.56
Total Cost of Revenue		 35 23 15 15 11 12 8.17 6.29 5.49 4.16 2.89
Operating Cost of Revenue		 35 23 15 15 11 12 8.17 6.29 5.49 4.16 2.89
Total Operating Expenses		 20 25 16 12 8.93 9.26 10 8.98 4.19 2.54 1.69
Selling, General & Admin Expense		 17 20 11 9.79 7.45 7.90 8.54 7.15 3.61 2.02 1.28
Research & Development Expense		 2.81 3.54 2.94 2.60 1.28 1.42 1.89 1.49 0.59 0.52 0.41
Other Special Charges / (Income)		 - - - - - - - - - 0.00 -0.00
Total Other Income / (Expense), net		 -0.03 -0.02 -0.10 -0.02 -0.41 -1.92 0.82 -0.98 -0.32 0.27 -0.01
Interest Expense		 0.09 0.00 0.00 0.01 0.32 0.76 0.79 0.95 0.38 -0.19 0.00
Interest & Investment Income		 - - - - - 0.00 - 0.00 0.06 0.06 0.00
Other Income / (Expense), net		 0.05 -0.02 -0.10 -0.01 -0.09 -1.16 1.61 -0.03 0.00 0.02 -0.01
Income Tax Expense		 0.15 0.03 -0.12 0.01 0.01 -0.01 -0.00 0.00 0.00 0.00 0.00
Basic Earnings per Share		 $0.84 ($1.45) ($0.95) ($0.76) ($2.99) - - - - ($0.32) ($0.18)
Weighted Average Basic Shares Outstanding		 10.41M 11.67M 11.81M 12.00M 2.46M 3.27M 4.56M 1.16M 3.24M 4.95M 5.55M
Diluted Earnings per Share		 $0.82 ($1.45) ($0.95) ($0.76) ($2.99) - - - - ($0.32) ($0.18)
Weighted Average Diluted Shares Outstanding		 10.75M 11.67M 11.81M 12.00M 2.46M 3.27M 4.56M 1.16M 3.24M 4.95M 5.55M
Weighted Average Basic & Diluted Shares Outstanding		 10.50M 11.67M 11.81M 12.00M 2.46M 3.27M 6.45M 18.13M 4.44M 5.26M 6.31M

Quarterly Income Statements for Energy Focus

This table shows Energy Focus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.94 -0.85 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Consolidated Net Income / (Loss)		 -0.94 -0.85 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Net Income / (Loss) Continuing Operations		 -0.94 -0.85 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Total Pre-Tax Income 		-0.94 -0.83 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Total Operating Income		 -0.90 -0.77 -0.60 -0.56 -0.40 -0.29 -0.27 -0.22 -0.18 -0.36 -0.14
Total Gross Profit		 -0.05 0.08 0.12 0.13 0.19 0.27 0.19 0.15 0.15 0.18 0.22
Total Revenue		 1.34 2.39 0.83 1.55 1.20 1.28 0.62 1.14 0.83 0.98 0.95
Operating Revenue		 1.34 2.39 0.83 1.55 1.20 1.28 0.62 1.14 0.83 0.98 0.95
Total Cost of Revenue		 1.39 2.32 0.71 1.43 1.01 1.01 0.42 1.00 0.68 0.79 0.73
Operating Cost of Revenue		 1.39 2.32 0.71 1.43 1.01 1.01 0.42 1.00 0.68 0.79 0.73
Total Operating Expenses		 0.86 0.84 0.72 0.68 0.59 0.55 0.46 0.37 0.32 0.54 0.36
Selling, General & Admin Expense		 0.71 0.70 0.59 0.54 0.45 0.43 0.41 0.30 0.24 0.34 0.29
Research & Development Expense		 0.14 0.14 0.13 0.14 0.14 0.12 0.05 0.07 0.08 0.21 0.08
Total Other Income / (Expense), net		 -0.04 -0.07 0.18 0.00 0.08 -0.00 0.00 -0.01 0.00 -0.00 0.00
Interest & Investment Income		 0.00 - - 0.00 0.06 - 0.00 0.00 0.00 0.00 0.00
Weighted Average Basic Shares Outstanding		 3.51M 3.24M 4.43M 4.79M 5.26M 4.95M 5.27M 5.38M 5.61M 5.55M 6.25M
Weighted Average Diluted Shares Outstanding		 3.51M 3.24M 4.43M 4.79M 5.26M 4.95M 5.27M 5.38M 5.61M 5.55M 6.25M
Weighted Average Basic & Diluted Shares Outstanding		 4.35M 4.44M 4.73M 5.26M 5.26M 5.26M 5.36M 5.47M 5.74M 6.31M 6.30M

Annual Cash Flow Statements for Energy Focus

This table details how cash moves in and out of Energy Focus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 27 -18 -5.87 -4.43 -5.64 1.49 0.50 -2.63 1.98 -1.47 0.50
Net Cash From Operating Activities		 4.45 -17 -5.87 -6.80 -6.62 -2.45 -9.77 -6.71 -2.44 -1.30 -1.40
Net Cash From Continuing Operating Activities		 4.45 -17 -5.87 -6.80 -6.65 -2.45 -9.77 -6.71 -2.44 -1.30 -1.40
Net Income / (Loss) Continuing Operations		 9.47 -17 -11 -9.11 -7.37 -5.98 -7.89 -10 -4.29 -1.58 -1.03
Consolidated Net Income / (Loss)		 8.78 -17 -11 -9.11 -7.37 -5.98 -7.89 -10 -4.29 -1.58 -1.03
Depreciation Expense		 0.27 0.81 0.68 0.52 0.33 0.18 0.19 0.16 0.03 0.04 0.04
Amortization Expense		 0.04 0.00 0.00 0.00 0.11 0.40 0.23 0.36 0.23 0.01 0.00
Non-Cash Adjustments To Reconcile Net Income		 2.85 5.86 -0.47 0.97 0.70 0.63 -1.02 0.52 -0.20 0.08 0.35
Changes in Operating Assets and Liabilities, net		 -8.18 -6.35 5.19 0.82 -0.41 2.33 -1.28 2.52 1.79 0.16 -0.77
Net Cash From Investing Activities		 -2.24 -1.60 -0.07 0.19 -0.13 -0.22 -0.44 -0.02 -0.07 -0.02 -0.20
Net Cash From Continuing Investing Activities		 -2.24 -1.60 -0.07 0.19 -0.13 -0.22 -0.44 -0.02 -0.07 -0.02 -0.20
Purchase of Property, Plant & Equipment		 -2.24 -1.62 -0.16 -0.06 -0.13 -0.22 -0.44 -0.04 -0.07 -0.02 -0.05
Acquisitions		 - - - - - - - - - 0.00 -0.16
Sale of Property, Plant & Equipment		 0.00 0.03 0.10 0.25 0.00 - 0.00 0.03 - 0.00 0.01
Net Cash From Financing Activities		 26 0.15 0.08 2.19 1.09 4.16 11 4.10 4.49 -0.15 2.10
Net Cash From Continuing Financing Activities		 26 0.15 0.08 2.19 1.09 4.16 11 4.10 4.49 -0.15 2.10
Repayment of Debt		 -0.45 0.00 0.00 0.00 -1.61 -1.63 -0.03 -1.75 -0.63 -1.00 0.00
Issuance of Common Equity		 24 - - - 0.00 2.75 9.50 3.50 6.08 0.85 2.10
Effect of Exchange Rate Changes		 0.00 0.01 -0.01 -0.01 0.02 - - - - 0.00 0.00
Cash Interest Paid		 0.08 0.01 0.00 0.00 0.22 0.27 0.38 0.36 0.38 0.01 0.00

Quarterly Cash Flow Statements for Energy Focus

This table details how cash moves in and out of Energy Focus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.38 0.34 -1.06 0.13 -0.29 -0.25 -0.08 0.01 0.40 0.17 0.06
Net Cash From Operating Activities		 -1.04 -0.07 -0.06 -0.72 -0.27 -0.25 -0.27 -0.22 -0.06 -0.86 0.07
Net Cash From Continuing Operating Activities		 -1.04 -0.07 -0.06 -0.72 -0.27 -0.25 -0.27 -0.22 -0.06 -0.86 0.07
Net Income / (Loss) Continuing Operations		 -0.94 -0.85 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Consolidated Net Income / (Loss)		 -0.94 -0.85 -0.42 -0.55 -0.32 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Depreciation Expense		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Non-Cash Adjustments To Reconcile Net Income		 -0.15 0.00 -0.12 0.06 0.06 0.07 -0.24 0.28 0.05 0.26 0.02
Changes in Operating Assets and Liabilities, net		 -0.01 0.71 0.46 -0.24 -0.02 -0.04 0.23 -0.27 0.06 -0.78 0.18
Net Cash From Investing Activities		 -0.03 -0.04 0.00 - -0.02 - -0.01 - -0.04 -0.16 0.00
Net Cash From Continuing Investing Activities		 -0.03 -0.04 0.00 - -0.02 - -0.01 - -0.04 -0.16 0.00
Purchase of Property, Plant & Equipment		 - -0.04 0.00 - -0.02 - -0.01 - -0.05 - 0.00
Net Cash From Financing Activities		 1.44 0.45 -1.00 0.85 - - 0.20 0.20 0.50 1.20 0.00
Net Cash From Continuing Financing Activities		 1.44 0.45 -1.00 0.85 - - 0.20 0.20 0.50 1.20 0.00
Issuance of Common Equity		 1.75 - 0.00 0.85 - - 0.20 0.20 0.50 1.20 0.00
Effect of Exchange Rate Changes		 - - - - - - 0.00 0.03 -0.01 -0.02 -0.01

Annual Balance Sheets for Energy Focus

This table presents Energy Focus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 56 35 22 18 12 12 14 8.50 10 5.61 5.11
Total Current Assets		 53 33 21 18 9.33 11 13 7.24 9.19 5.15 4.65
Cash & Equivalents		 35 17 11 6.34 0.35 1.84 2.68 0.05 2.03 0.57 1.06
Accounts Receivable		 10 5.64 3.60 2.20 2.34 2.02 1.24 0.45 1.77 0.80 0.53
Inventories, net		 7.73 9.47 5.72 8.06 6.17 5.64 7.87 5.48 4.44 3.26 2.93
Prepaid Expenses		 0.74 0.88 0.60 1.09 0.35 0.78 0.48 0.23 0.16 0.16 0.13
Other Current Assets		 - - - - 0.13 0.80 1.16 1.04 0.79 0.36 0.00
Plant, Property, & Equipment, net		 2.43 2.33 1.10 0.61 0.00 0.42 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.05 0.03 0.16 0.19 2.41 0.90 0.97 1.26 1.01 0.47 0.46
Long-Term Investments		 - - - - - - - - - 0.00 0.16
Other Noncurrent Operating Assets		 0.05 0.03 0.16 0.19 2.41 0.90 0.97 1.26 1.01 0.47 0.30
Total Liabilities & Shareholders' Equity		 56 35 22 18 12 12 14 8.50 10 5.61 5.11
Total Liabilities		 10 5.04 2.86 7.44 7.74 8.14 8.18 8.98 7.15 2.70 1.00
Total Current Liabilities		 10 4.93 2.63 7.24 6.54 7.56 8.16 7.95 6.35 2.44 0.92
Accounts Payable		 7.30 3.26 1.63 3.61 1.34 2.48 2.24 2.20 3.77 1.88 0.54
Accrued Expenses		 2.92 1.68 0.99 0.79 0.63 0.52 0.72 0.40 0.39 0.28 0.19
Current Employee Benefit Liabilities		 - - - 0.44 0.36 0.89 0.72 0.26 0.20 0.15 0.05
Other Current Liabilities		 - - - 0.16 1.78 1.31 0.33 1.01 0.67 0.14 0.14
Total Noncurrent Liabilities		 0.08 0.11 0.23 0.20 1.20 0.59 0.03 1.03 0.80 0.25 0.08
Other Noncurrent Operating Liabilities		 0.08 0.11 0.23 0.20 0.12 0.32 0.03 1.03 0.80 0.25 0.08
Total Equity & Noncontrolling Interests		 45 30 19 11 4.00 4.26 6.21 -0.48 3.05 2.92 4.11
Total Preferred & Common Equity		 45 30 19 11 4.00 4.26 6.21 -0.48 3.05 2.92 4.11
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 45 30 19 11 4.00 4.26 6.21 -0.48 3.05 2.92 4.11
Common Stock		 125 127 127 128 129 135 145 149 156 158 160
Retained Earnings		 -80 -97 -108 -117 -125 -131 -139 -149 -153 -155 -156
Accumulated Other Comprehensive Income / (Loss)		 0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00

Quarterly Balance Sheets for Energy Focus

This table presents Energy Focus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 9.40 7.42 7.08 6.44 5.43 4.80 5.20 5.95
Total Current Assets		 8.36 6.48 6.22 5.93 4.99 4.37 4.81 5.53
Cash & Equivalents		 1.69 0.97 1.11 0.82 0.49 0.50 0.90 1.13
Accounts Receivable		 0.84 0.40 0.65 0.75 0.59 0.96 0.67 0.49
Inventories, net		 4.90 4.40 3.79 3.72 3.23 2.75 3.01 3.69
Prepaid Expenses		 0.19 0.20 0.22 0.22 0.14 0.14 0.19 0.21
Other Current Assets		 0.73 0.52 0.45 0.43 0.54 0.02 0.05 0.02
Plant, Property, & Equipment, net		 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.97 0.94 0.86 0.51 0.44 0.43 0.38 0.42
Long-Term Investments		 - - - - - - - 0.16
Other Noncurrent Operating Assets		 0.97 0.94 0.86 0.51 0.44 0.43 0.38 0.26
Total Liabilities & Shareholders' Equity		 9.40 7.42 7.08 6.44 5.43 4.80 5.20 5.95
Total Liabilities		 5.51 4.19 3.55 3.23 2.59 1.99 2.06 1.98
Total Current Liabilities		 4.65 3.46 2.88 2.94 2.37 1.81 1.92 1.94
Accounts Payable		 2.60 2.70 2.11 2.37 1.84 1.24 1.33 1.48
Accrued Expenses		 0.40 0.36 0.34 0.28 0.26 0.31 0.37 0.27
Current Employee Benefit Liabilities		 0.17 0.16 0.19 0.15 0.13 0.11 0.07 0.05
Other Current Liabilities		 0.22 0.23 0.25 0.15 0.15 0.15 0.16 0.15
Total Noncurrent Liabilities		 0.86 0.74 0.67 0.29 0.22 0.18 0.13 0.04
Other Noncurrent Operating Liabilities		 0.86 0.74 0.67 0.29 0.22 0.18 0.13 0.04
Total Equity & Noncontrolling Interests		 3.89 3.23 3.52 3.21 2.84 2.81 3.14 3.97
Total Preferred & Common Equity		 3.89 3.23 3.52 3.21 2.84 2.81 3.14 3.97
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3.89 3.23 3.52 3.21 2.84 2.81 3.14 3.97
Common Stock		 156 157 158 158 158 158 159 160
Retained Earnings		 -152 -154 -154 -155 -155 -155 -156 -156
Accumulated Other Comprehensive Income / (Loss)		 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00

Annual Metrics And Ratios for Energy Focus

This table displays calculated financial ratios and metrics derived from Energy Focus' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 11,626,810.00 11,690,030.00 11,856,843.00 12,074,521.00 12,370,030.00 3,501,646.00 5,087,574.00 9,577,026.00 4,348,690.00 5,260,741.00 5,739,415.00
DEI Adjusted Shares Outstanding		 332,195.00 334,001.00 338,767.00 344,986.00 353,429.00 500,235.00 726,796.00 1,368,147.00 4,348,690.00 5,260,741.00 5,739,415.00
DEI Earnings Per Adjusted Shares Outstanding		 26.43 -50.56 -33.26 -26.41 -20.86 -11.96 -10.85 -7.51 -0.99 -0.30 -0.18
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 183.71% -51.87% -35.98% -8.76% -29.83% 32.45% -41.38% -39.50% -4.21% -14.99% -26.75%
EBITDA Growth		 532.81% -260.25% 33.31% 19.94% 22.81% 29.67% -43.59% -31.77% 57.84% 51.87% 44.15%
EBIT Growth		 723.31% -273.60% 32.45% 20.11% 22.50% 25.79% -35.69% -31.37% 57.44% 53.95% 43.40%
NOPAT Growth		 1,344.27% -223.98% 32.97% 19.47% 23.45% 41.48% -113.93% -6.75% 57.28% 53.61% 44.41%
Net Income Growth		 250.21% -292.33% 33.28% 19.14% 19.08% 18.88% -31.85% -30.34% 58.24% 63.15% 35.08%
EPS Growth		 209.33% -276.83% 34.48% 20.00% 19.08% 0.00% 0.00% 0.00% 0.00% 0.00% 43.75%
Operating Cash Flow Growth		 2,827.61% -472.31% 64.51% -15.68% 2.52% 63.00% -298.41% 31.25% 63.67% 46.82% -8.25%
Free Cash Flow Firm Growth		 153.64% -1,073.97% 79.92% -72.43% -1.64% 86.34% -1,130.43% 69.19% 39.57% 18.41% 3.06%
Invested Capital Growth		 301.96% 24.62% -37.59% -16.49% 2.93% -30.20% 48.81% -52.31% -33.71% 0.26% 22.94%
Revenue Q/Q Growth		 26.45% -24.51% -11.02% -8.16% 3.36% 0.00% 0.00% -22.59% 43.39% -18.66% -7.84%
EBITDA Q/Q Growth		 15.73% -133.86% 34.99% -14.18% 21.61% 25.19% -71.21% 3.92% 24.71% 17.63% -8.61%
EBIT Q/Q Growth		 16.24% -124.64% 33.87% -12.50% 20.93% 21.51% -60.56% 3.41% 24.65% 19.37% -8.27%
NOPAT Q/Q Growth		 17.10% -122.74% 34.38% -13.70% 20.59% 6.95% -20.65% 3.45% 24.07% 20.57% -7.23%
Net Income Q/Q Growth		 30.15% -116.56% 34.55% -14.29% 18.64% 18.67% -51.95% 3.03% 25.39% 25.97% -6.42%
EPS Q/Q Growth		 -7.87% -113.24% 34.48% -15.15% 18.64% 0.00% 0.00% 0.00% 0.00% 21.95% -5.88%
Operating Cash Flow Q/Q Growth		 4.78% -38.23% 22.58% -34.93% 28.61% -30.51% -5.14% 11.51% 14.18% -16.64% -76.38%
Free Cash Flow Firm Q/Q Growth		 -63.21% -0.19% -2.42% -31.86% 27.25% -134.82% 21.51% 42.85% -80.42% -137.99% -139.89%
Invested Capital Q/Q Growth		 22.59% -25.26% -3.38% 2.18% -6.42% 93.36% -11.61% -43.41% -32.39% -1.59% 28.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 45.48% 24.77% 24.29% 18.84% 15.54% 30.81% 17.21% -5.33% 3.90% 14.38% 18.88%
EBITDA Margin		 15.54% -51.76% -53.91% -47.31% -52.04% -27.63% -67.68% -147.42% -64.88% -36.73% -28.01%
Operating Margin		 14.99% -54.29% -56.84% -50.17% -54.74% -24.19% -88.26% -155.75% -69.46% -37.90% -28.76%
EBIT Margin		 15.07% -54.35% -57.34% -50.21% -55.46% -31.07% -71.92% -156.18% -69.39% -37.59% -29.04%
Profit (Net Income) Margin		 13.63% -54.48% -56.77% -50.32% -58.03% -35.54% -79.94% -172.24% -75.09% -32.55% -28.85%
Tax Burden Percent		 91.27% 100.23% 98.99% 100.12% 100.14% 99.92% 99.99% 100.04% 100.07% 100.00% 100.00%
Interest Burden Percent		 99.12% 100.00% 100.02% 100.09% 104.50% 114.48% 111.16% 110.24% 108.14% 86.59% 99.32%
Effective Tax Rate		 1.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 142.50% -98.22% -73.07% -83.45% -69.18% -47.01% -98.32% -118.83% -94.55% -54.94% -27.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 145.96% -78.30% -48.66% -47.01% 445.62% -208.82% -283.54% -263.40% -186.10% -8.93% 7.39%
Return on Net Nonoperating Assets (RNNOA)		 -110.63% 53.34% 27.29% 23.40% -28.81% -97.97% -52.41% -239.82% -239.02% 1.90% -1.88%
Return on Equity (ROE)		 31.87% -44.88% -45.77% -60.05% -97.99% -144.98% -150.73% -358.65% -333.57% -53.03% -29.24%
Cash Return on Invested Capital (CROIC)		 22.19% -120.14% -26.77% -65.47% -72.06% -11.43% -137.55% -47.99% -54.00% -55.19% -47.94%
Operating Return on Assets (OROA)		 25.81% -37.16% -39.84% -44.74% -46.61% -43.33% -52.97% -81.45% -42.43% -23.11% -19.29%
Return on Assets (ROA)		 23.35% -37.25% -39.44% -44.83% -48.78% -49.56% -58.88% -89.82% -45.92% -20.01% -19.16%
Return on Common Equity (ROCE)		 31.87% -44.88% -45.77% -60.05% -97.99% -144.98% -150.73% -358.65% -333.57% -53.03% -29.24%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 9.50 -12 -7.90 -6.36 -4.87 -2.85 -6.09 -6.51 -2.78 -1.29 -0.72
NOPAT Margin		 14.75% -38.01% -39.79% -35.12% -38.32% -16.93% -61.78% -109.02% -48.62% -26.53% -20.13%
Net Nonoperating Expense Percent (NNEP)		 -3.46% -19.92% -24.41% -36.44% -514.80% 161.82% 185.22% 144.57% 91.55% -46.01% -34.76%
Return On Investment Capital (ROIC_SIMPLE)		 20.97% -39.35% -40.93% -47.92% -65.01% -41.78% -60.36% -181.34% -63.55% -44.23% -17.44%
Cost of Revenue to Revenue		 54.52% 75.23% 75.71% 81.16% 84.46% 69.19% 82.79% 105.33% 96.10% 85.62% 81.12%
SG&A Expenses to Revenue		 26.13% 64.88% 57.01% 54.06% 58.63% 46.95% 86.52% 119.77% 63.09% 41.50% 36.07%
R&D to Revenue		 4.36% 11.41% 14.81% 14.34% 10.11% 8.41% 19.17% 24.98% 10.27% 10.78% 11.57%
Operating Expenses to Revenue		 30.50% 79.06% 81.13% 69.02% 70.28% 55.00% 105.47% 150.42% 73.36% 52.28% 47.56%
Earnings before Interest and Taxes (EBIT)		 9.71 -17 -11 -9.09 -7.05 -5.23 -7.10 -9.32 -3.97 -1.83 -1.03
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 -16 -11 -8.57 -6.61 -4.65 -6.68 -8.80 -3.71 -1.79 -1.00
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.53 1.66 1.51 0.68 1.46 3.32 3.50 0.00 2.15 2.15 3.23
Price to Tangible Book Value (P/TBV)		 3.53 1.66 1.51 0.68 1.46 3.32 3.50 0.00 2.15 2.15 3.23
Price to Revenue (P/Rev)		 2.48 1.60 1.46 0.41 0.46 0.84 2.20 0.51 1.15 1.29 3.72
Price to Earnings (P/E)		 18.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 5.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 11.73 2.48 2.20 0.48 1.26 2.98 3.09 1.99 2.50 2.42 4.17
Enterprise Value to Revenue (EV/Rev)		 1.94 1.07 0.92 0.19 0.71 0.88 2.32 1.18 1.02 1.17 3.38
Enterprise Value to EBITDA (EV/EBITDA)		 12.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 12.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 84.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.20 0.87 0.60 0.63 -8.52 0.43 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.27 0.06 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.76 -0.68 -0.56 -0.50 -0.06 0.47 0.18 0.91 1.28 -0.21 -0.25
Leverage Ratio		 1.36 1.20 1.16 1.34 2.01 2.93 2.56 3.99 7.26 2.65 1.53
Compound Leverage Factor		 1.35 1.20 1.16 1.34 2.10 3.35 2.85 4.40 7.86 2.29 1.52
Debt to Total Capital		 0.00% 0.00% 0.00% 16.72% 46.64% 37.60% 38.51% 113.29% 30.25% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 16.72% 32.25% 33.70% 38.51% 113.29% 30.25% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 14.39% 3.90% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 83.28% 53.36% 62.40% 61.49% -13.29% 69.75% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 -0.26 -0.53 -0.55 -0.58 -0.46 -0.36 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.48 -0.48 -0.16 -0.18 -0.46 0.19 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.16 -0.06 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 -0.35 -0.72 -0.90 -0.64 -0.62 -0.48 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.65 -0.65 -0.26 -0.20 -0.62 0.25 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.22 -0.09 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 9.88 2.28 -0.55 -8.24 -15.05 -13.43 -12.41 -27.37 -20.88 -36.88 -33.87
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.16 6.61 7.95 2.44 1.43 1.47 1.65 0.91 1.45 2.11 5.04
Quick Ratio		 4.34 4.51 5.46 1.18 0.41 0.51 0.48 0.06 0.60 0.56 1.72
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.48 -14 -2.89 -4.99 -5.07 -0.69 -8.53 -2.63 -1.59 -1.30 -1.26
Operating Cash Flow to CapEx		 198.31% -1,036.51% -9,036.92% 0.00% -5,134.88% -1,099.10% -2,204.29% -41,956.25% -3,534.78% -6,826.32% -3,424.39%
Free Cash Flow to Firm to Interest Expense		 17.41 0.00 -1,446.85 -623.69 -16.00 -0.92 -10.77 -2.75 -4.18 0.00 0.00
Operating Cash Flow to Interest Expense		 52.31 0.00 -2,937.00 -849.38 -20.90 -3.24 -12.33 -7.04 -6.42 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 25.93 0.00 -2,969.50 -825.75 -21.30 -3.53 -12.89 -7.05 -6.60 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.71 0.68 0.69 0.89 0.84 1.39 0.74 0.52 0.61 0.61 0.66
Accounts Receivable Turnover		 10.09 3.94 4.30 6.25 5.60 7.72 6.05 7.08 5.16 3.77 5.35
Inventory Turnover		 4.81 2.71 1.98 2.13 1.51 1.97 1.21 0.94 1.11 1.08 0.93
Fixed Asset Turnover		 44.65 13.04 11.60 21.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 4.87 4.42 6.15 5.61 4.34 6.10 3.47 2.83 1.84 1.47 2.38
Days Sales Outstanding (DSO)		 36.18 92.73 84.92 58.42 65.19 47.26 60.33 51.53 70.77 96.73 68.18
Days Inventory Outstanding (DIO)		 75.89 134.61 184.47 171.09 241.94 185.10 301.83 387.36 329.36 337.81 391.35
Days Payable Outstanding (DPO)		 74.93 82.58 59.36 65.03 84.12 59.83 105.29 128.88 198.44 247.76 153.12
Cash Conversion Cycle (CCC)		 37.14 144.76 210.03 164.48 223.01 172.53 256.86 310.01 201.68 186.78 306.42
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 11 13 8.31 6.94 7.14 4.98 7.42 3.54 2.34 2.35 2.89
Invested Capital Turnover		 9.66 2.58 1.84 2.38 1.81 2.78 1.59 1.09 1.94 2.07 1.36
Increase / (Decrease) in Invested Capital		 8.02 2.63 -5.00 -1.37 0.20 -2.16 2.43 -3.88 -1.19 0.01 0.54
Enterprise Value (EV)		 125 33 18 3.35 9.00 15 23 7.03 5.86 5.70 12
Market Capitalization		 160 50 29 7.47 5.85 14 22 3.02 6.57 6.26 13
Book Value per Share		 $3.90 $2.56 $1.63 $0.92 $0.32 $1.22 $1.22 ($0.05) $0.70 $0.55 $0.72
Tangible Book Value per Share		 $3.90 $2.56 $1.63 $0.92 $0.32 $1.22 $1.22 ($0.05) $0.70 $0.55 $0.72
Total Capital		 45 30 19 13 7.49 6.82 10 3.59 4.37 2.92 4.11
Total Debt		 0.00 0.00 0.00 2.22 3.49 2.56 3.89 4.07 1.32 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 1.08 0.27 0.00 0.00 0.00 0.00 0.00
Net Debt		 -35 -17 -11 -4.12 3.14 0.73 1.21 4.01 -0.71 -0.57 -1.22
Capital Expenditures (CapEx)		 2.24 1.60 0.07 -0.19 0.13 0.22 0.44 0.02 0.07 0.02 0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 8.28 11 7.51 6.33 4.86 3.98 6.47 3.31 2.13 2.14 2.66
Debt-free Net Working Capital (DFNWC)		 43 28 18 13 5.21 5.82 9.16 3.36 4.16 2.70 3.73
Net Working Capital (NWC)		 43 28 18 10 2.79 3.52 5.27 -0.70 2.84 2.70 3.73
Net Nonoperating Expense (NNE)		 0.72 5.11 3.37 2.75 2.50 3.13 1.79 3.77 1.51 0.29 0.31
Net Nonoperating Obligations (NNO)		 -35 -17 -11 -4.12 3.14 0.73 1.21 4.01 -0.71 -0.57 -1.22
Total Depreciation and Amortization (D&A)		 0.31 0.81 0.68 0.53 0.43 0.58 0.42 0.52 0.26 0.04 0.04
Debt-free, Cash-free Net Working Capital to Revenue		 12.85% 35.67% 37.83% 34.97% 38.23% 23.66% 65.63% 55.45% 37.27% 43.97% 74.80%
Debt-free Net Working Capital to Revenue		 66.64% 89.32% 92.05% 69.96% 40.98% 34.57% 92.81% 56.32% 72.78% 55.60% 104.69%
Net Working Capital to Revenue		 66.64% 89.32% 92.05% 57.70% 21.98% 20.91% 53.40% -11.80% 49.64% 55.60% 104.69%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $29.40 ($50.75) ($33.25) ($26.60) ($21.00) ($12.81) $0.00 $0.00 $0.00 $0.00 ($0.18)
Adjusted Weighted Average Basic Shares Outstanding		 297.51K 333.51K 337.31K 348.32K 454.07K 526.10K 651.57K 1.16M 3.24M 4.95M 5.55M
Adjusted Diluted Earnings per Share		 $28.70 ($50.75) ($33.25) ($26.60) ($21.00) ($12.81) $0.00 $0.00 $0.00 $0.00 ($0.18)
Adjusted Weighted Average Diluted Shares Outstanding		 307.20K 333.51K 337.31K 348.32K 454.07K 526.10K 651.57K 1.16M 3.24M 4.95M 5.55M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($26.60) ($21.00) ($12.81) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 332.83K 334.59K 339.70K 342.77K 351.69K 467.14K 921.97K 2.59M 4.44M 5.26M 6.31M
Normalized Net Operating Profit after Tax (NOPAT)		 9.50 -11 -6.60 -6.28 -4.73 -2.89 -6.11 -6.27 -2.78 -1.29 -0.72
Normalized NOPAT Margin		 14.75% -36.07% -33.28% -34.69% -37.24% -17.18% -61.93% -105.06% -48.62% -26.53% -20.19%
Pre Tax Income Margin		 14.94% -54.35% -57.35% -50.26% -57.95% -35.57% -79.95% -172.17% -75.04% -32.55% -28.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 114.18 0.00 -5,690.00 -1,136.50 -22.23 -6.91 -8.96 -9.77 -10.44 0.00 0.00
NOPAT to Interest Expense		 111.79 0.00 -3,948.35 -794.94 -15.36 -3.76 -7.70 -6.82 -7.32 0.00 0.00
EBIT Less CapEx to Interest Expense		 87.80 0.00 -5,722.50 -1,112.88 -22.63 -7.20 -9.52 -9.79 -10.62 0.00 0.00
NOPAT Less CapEx to Interest Expense		 85.42 0.00 -3,980.85 -771.31 -15.77 -4.06 -8.25 -6.84 -7.50 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -8.53% -12.29% -3.25% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Energy Focus

This table displays calculated financial ratios and metrics derived from Energy Focus' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 3,495,032.00 4,348,690.00 4,443,130.00 4,726,149.00 5,260,741.00 5,260,741.00 5,260,741.00 5,364,368.00 5,474,865.00 5,739,415.00 6,306,433.00
DEI Adjusted Shares Outstanding		 3,495,032.00 4,348,690.00 4,443,130.00 4,726,149.00 5,260,741.00 5,260,741.00 5,260,741.00 5,364,368.00 5,474,865.00 5,739,415.00 6,306,433.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.27 -0.20 -0.09 -0.12 -0.06 -0.06 -0.05 -0.04 -0.03 -0.06 -0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -24.09% 260.94% -10.43% 47.20% -10.68% -46.59% -26.05% -26.40% -30.94% -23.71% 54.06%
EBITDA Growth		 63.32% 64.60% 48.51% 48.73% 56.11% 57.27% 55.88% 59.12% 55.95% -22.11% 48.65%
EBIT Growth		 62.51% 63.91% 50.41% 50.27% 58.35% 59.89% 55.33% 58.12% 54.62% -21.43% 47.39%
NOPAT Growth		 62.48% 62.20% 50.21% 49.36% 55.92% 62.35% 55.26% 59.78% 56.03% -23.96% 47.39%
Net Income Growth		 64.54% 63.25% 68.64% 52.53% 66.53% 65.37% 35.89% 58.30% 45.57% -21.09% 47.76%
EPS Growth		 0.00% 86.93% 0.00% 0.00% 0.00% 76.92% 0.00% 66.67% 50.00% 0.00% 0.00%
Operating Cash Flow Growth		 -15.51% 85.38% 95.10% -372.37% 74.20% -268.12% -368.97% 70.06% 79.40% -239.37% 125.37%
Free Cash Flow Firm Growth		 371.15% -73.34% -28.90% -83.78% -62.75% -131.62% -117.59% -108.87% -97.19% -280.01% -49.07%
Invested Capital Growth		 -44.51% -33.71% -47.84% -28.95% -31.12% 0.26% 4.53% -4.30% -6.07% 22.94% 14.14%
Revenue Q/Q Growth		 26.92% 78.72% -65.19% 86.43% -22.99% 6.86% -51.80% 85.55% -27.73% 18.04% -2.67%
EBITDA Q/Q Growth		 20.40% 20.88% 11.99% 7.50% 31.86% 22.97% 9.12% 14.29% 26.58% -113.50% 61.78%
EBIT Q/Q Growth		 18.31% 19.45% 18.14% 7.67% 31.59% 22.43% 8.84% 13.43% 25.86% -107.56% 60.50%
NOPAT Q/Q Growth		 17.91% 15.28% 21.70% 7.01% 28.55% 27.64% 6.94% 16.42% 21.88% -104.00% 60.50%
Net Income Q/Q Growth		 19.11% 10.06% 50.77% -32.54% 42.96% 6.96% 8.84% 13.81% 25.54% -106.98% 60.67%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 25.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -580.92% 93.33% 15.94% -1,137.93% 62.81% 4.87% -7.09% 20.96% 74.42% -1,467.27% 108.00%
Free Cash Flow Firm Q/Q Growth		 -41.45% -69.45% 150.83% -63.86% 34.50% -125.94% -39.50% 81.77% 142.61% -3,606.22% 45.28%
Invested Capital Q/Q Growth		 1.91% -32.39% -3.88% 7.28% -1.20% -1.59% 0.21% -1.78% -3.03% 28.80% -6.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -3.58% 3.13% 14.41% 8.11% 15.72% 20.74% 31.49% 12.86% 17.80% 18.87% 23.29%
EBITDA Margin		 -62.96% -27.87% -70.47% -34.96% -30.94% -22.30% -42.05% -19.42% -19.73% -35.69% -14.01%
Operating Margin		 -67.44% -31.97% -71.91% -35.87% -33.28% -22.54% -43.51% -19.60% -21.19% -36.62% -14.86%
EBIT Margin		 -67.96% -30.63% -72.03% -35.67% -31.69% -23.00% -43.51% -20.30% -20.82% -36.62% -14.86%
Profit (Net Income) Margin		 -70.50% -35.48% -50.18% -35.67% -26.42% -23.00% -43.51% -20.21% -20.82% -36.51% -14.75%
Tax Burden Percent		 100.00% 102.29% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 103.74% 113.23% 69.67% 100.00% 83.38% 100.00% 100.00% 99.57% 100.00% 99.72% 99.29%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -38.75% -43.51% -86.09% -52.79% -47.54% -32.67% -61.37% -24.55% -24.74% -34.83% -16.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 -53.26% -62.48% -85.43% -11.87% -41.53% -18.14% -50.36% -15.30% -18.97% -22.95% -11.39%
Return on Net Nonoperating Assets (RNNOA)		 -42.24% -80.25% -5.42% 1.44% 7.28% 3.87% 12.12% 3.88% 5.13% 5.83% 2.96%
Return on Equity (ROE)		 -80.99% -123.76% -91.51% -51.35% -40.27% -28.80% -49.26% -20.68% -19.61% -29.00% -13.10%
Cash Return on Invested Capital (CROIC)		 -18.12% -54.00% -8.85% -34.09% -18.59% -55.19% -50.33% -30.47% -22.61% -47.94% -38.11%
Operating Return on Assets (OROA)		 -27.53% -18.73% -50.51% -26.49% -23.91% -14.14% -31.45% -14.47% -13.83% -24.32% -10.17%
Return on Assets (ROA)		 -28.56% -21.70% -35.19% -26.49% -19.93% -14.14% -31.45% -14.41% -13.83% -24.25% -10.09%
Return on Common Equity (ROCE)		 -80.99% -123.76% -91.51% -51.35% -40.27% -28.80% -49.26% -20.68% -19.61% -29.00% -13.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.63 -0.54 -0.42 -0.39 -0.28 -0.20 -0.19 -0.16 -0.12 -0.25 -0.10
NOPAT Margin		 -47.21% -22.38% -50.34% -25.11% -23.29% -15.77% -30.45% -13.72% -14.83% -25.63% -10.40%
Net Nonoperating Expense Percent (NNEP)		 14.52% 18.97% -0.66% -40.92% -6.01% -14.53% -11.01% -9.25% -5.77% -11.89% -4.67%
Return On Investment Capital (ROIC_SIMPLE)		 -12.25% -12.24% -13.00% -11.07% -8.69% -6.92% -6.60% -5.58% -3.90% -6.08% -2.49%
Cost of Revenue to Revenue		 103.58% 96.87% 85.59% 91.89% 84.28% 79.26% 68.51% 87.14% 82.20% 81.13% 76.71%
SG&A Expenses to Revenue		 53.25% 29.08% 70.95% 34.96% 37.54% 33.96% 66.88% 25.98% 29.06% 34.36% 30.14%
R&D to Revenue		 10.60% 6.02% 15.37% 9.01% 11.45% 9.31% 8.12% 6.47% 9.93% 21.13% 8.01%
Operating Expenses to Revenue		 63.85% 35.10% 86.31% 43.98% 49.00% 43.27% 75.00% 32.46% 38.98% 55.18% 38.15%
Earnings before Interest and Taxes (EBIT)		 -0.91 -0.73 -0.60 -0.55 -0.38 -0.29 -0.27 -0.23 -0.17 -0.36 -0.14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.84 -0.67 -0.59 -0.54 -0.37 -0.29 -0.26 -0.22 -0.16 -0.35 -0.13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.80 2.15 2.19 1.86 1.95 2.15 3.40 4.67 4.85 3.23 3.05
Price to Tangible Book Value (P/TBV)		 1.80 2.15 2.19 1.86 1.95 2.15 3.40 4.67 4.85 3.23 3.05
Price to Revenue (P/Rev)		 1.75 1.15 1.26 1.07 1.05 1.29 2.08 3.10 3.94 3.72 3.11
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.89 2.50 2.70 2.26 2.28 2.42 3.90 5.46 6.39 4.17 4.03
Enterprise Value to Revenue (EV/Rev)		 1.65 1.02 1.08 0.89 0.91 1.17 1.98 2.98 3.71 3.38 2.78
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.79 1.28 0.06 -0.12 -0.18 -0.21 -0.24 -0.25 -0.27 -0.25 -0.26
Leverage Ratio		 3.63 7.26 2.59 2.49 2.23 2.65 2.12 1.87 1.83 1.53 1.67
Compound Leverage Factor		 3.77 8.23 1.81 2.49 1.86 2.65 2.12 1.87 1.83 1.52 1.66
Debt to Total Capital		 24.54% 30.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 24.54% 30.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.46% 69.75% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.26 -0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.09 0.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.35 -0.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.12 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -21.36 -19.83 -27.03 -28.25 -31.17 -35.98 -36.50 -40.02 -36.17 -33.43 -31.75
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.80 1.45 1.87 2.16 2.02 2.11 2.11 2.41 2.50 5.04 2.85
Quick Ratio		 0.54 0.60 0.40 0.61 0.53 0.56 0.45 0.81 0.81 1.72 0.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.15 0.66 1.65 0.60 0.80 -0.21 -0.29 -0.05 0.02 -0.79 -0.43
Operating Cash Flow to CapEx		 0.00% -164.29% 0.00% 0.00% -1,405.26% 0.00% -5,440.00% 0.00% -112.24% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 63.20 4.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -30.44 -0.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -30.44 -0.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.41 0.61 0.70 0.74 0.75 0.61 0.72 0.71 0.66 0.66 0.68
Accounts Receivable Turnover		 4.31 5.16 8.61 8.20 7.52 3.77 9.44 5.26 5.48 5.35 7.24
Inventory Turnover		 0.74 1.11 1.13 1.29 1.27 1.08 1.01 1.05 0.92 0.93 0.92
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 1.82 1.84 2.17 2.33 2.20 1.47 1.71 2.05 1.68 2.38 1.93
Days Sales Outstanding (DSO)		 84.73 70.77 42.38 44.51 48.53 96.73 38.68 69.46 66.61 68.18 50.39
Days Inventory Outstanding (DIO)		 494.95 329.36 321.81 283.98 287.87 337.81 359.81 347.28 395.10 391.35 395.80
Days Payable Outstanding (DPO)		 200.90 198.44 168.12 156.77 165.91 247.76 213.95 178.15 216.77 153.12 189.30
Cash Conversion Cycle (CCC)		 378.78 201.68 196.06 171.71 170.50 186.78 184.54 238.58 244.95 306.42 256.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3.47 2.34 2.25 2.42 2.39 2.35 2.36 2.31 2.24 2.89 2.69
Invested Capital Turnover		 0.82 1.94 1.71 2.10 2.04 2.07 2.02 1.79 1.67 1.36 1.54
Increase / (Decrease) in Invested Capital		 -2.78 -1.19 -2.07 -0.99 -1.08 0.01 0.10 -0.10 -0.15 0.54 0.33
Enterprise Value (EV)		 6.57 5.86 6.09 5.46 5.44 5.70 9.19 13 14 12 11
Market Capitalization		 6.99 6.57 7.06 6.56 6.26 6.26 9.68 13 15 13 12
Book Value per Share		 $1.11 $0.70 $0.73 $0.75 $0.61 $0.55 $0.54 $0.52 $0.57 $0.72 $0.63
Tangible Book Value per Share		 $1.11 $0.70 $0.73 $0.75 $0.61 $0.55 $0.54 $0.52 $0.57 $0.72 $0.63
Total Capital		 5.16 4.37 3.23 3.52 3.21 2.92 2.84 2.81 3.14 4.11 3.97
Total Debt		 1.27 1.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -0.43 -0.71 -0.97 -1.11 -0.82 -0.57 -0.49 -0.50 -0.90 -1.22 -1.28
Capital Expenditures (CapEx)		 0.00 0.04 0.00 0.00 0.02 0.00 0.01 0.00 0.05 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3.28 2.13 2.05 2.23 2.17 2.14 2.14 2.06 1.99 2.66 2.46
Debt-free Net Working Capital (DFNWC)		 4.97 4.16 3.02 3.33 2.99 2.70 2.62 2.56 2.89 3.73 3.59
Net Working Capital (NWC)		 3.70 2.84 3.02 3.33 2.99 2.70 2.62 2.56 2.89 3.73 3.59
Net Nonoperating Expense (NNE)		 0.31 0.31 -0.00 0.16 0.04 0.09 0.08 0.07 0.05 0.11 0.04
Net Nonoperating Obligations (NNO)		 -0.43 -0.71 -0.97 -1.11 -0.82 -0.57 -0.49 -0.50 -0.90 -1.22 -1.28
Total Depreciation and Amortization (D&A)		 0.07 0.07 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Debt-free, Cash-free Net Working Capital to Revenue		 82.22% 37.27% 36.49% 36.43% 36.35% 43.97% 45.98% 48.71% 51.62% 74.80% 63.29%
Debt-free Net Working Capital to Revenue		 124.63% 72.78% 53.79% 54.49% 50.06% 55.60% 56.49% 60.50% 74.84% 104.69% 92.22%
Net Working Capital to Revenue		 92.88% 49.64% 53.79% 54.49% 50.06% 55.60% 56.49% 60.50% 74.84% 104.69% 92.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.26) $0.00 $0.00 $0.00 ($0.06) $0.00 ($0.04) ($0.03) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 3.51M 3.24M 4.43M 4.79M 5.26M 4.95M 5.27M 5.38M 5.61M 5.55M 6.25M
Adjusted Diluted Earnings per Share		 $0.00 ($0.26) $0.00 $0.00 $0.00 ($0.06) $0.00 ($0.04) ($0.03) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 3.51M 3.24M 4.43M 4.79M 5.26M 4.95M 5.27M 5.38M 5.61M 5.55M 6.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.26) $0.00 $0.00 $0.00 ($0.06) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.35M 4.44M 4.73M 5.26M 5.26M 5.26M 5.36M 5.47M 5.74M 6.31M 6.30M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.63 -0.54 -0.42 -0.39 -0.28 -0.20 -0.19 -0.16 -0.12 -0.25 -0.10
Normalized NOPAT Margin		 -47.21% -22.38% -50.34% -25.11% -23.29% -15.77% -30.45% -13.72% -14.83% -25.63% -10.40%
Pre Tax Income Margin		 -70.50% -34.68% -50.18% -35.67% -26.42% -23.00% -43.51% -20.21% -20.82% -36.51% -14.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -26.76 -4.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -18.59 -3.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -26.76 -5.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -18.59 -3.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Energy Focus Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Energy Focus' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Energy Focus' net income appears to be on a downward trend, with a most recent value of -$1.03 million in 2025, falling from $8.78 million in 2015. The previous period was -$1.58 million in 2024. See Energy Focus' forecast for analyst expectations on what's next for the company.

Energy Focus' total operating income in 2025 was -$1.02 million, based on the following breakdown:
  • Total Gross Profit: $672 thousand
  • Total Operating Expenses: $1.69 million

Over the last 10 years, Energy Focus' total revenue changed from $64.40 million in 2015 to $3.56 million in 2025, a change of -94.5%.

Energy Focus' total liabilities were at $1 million at the end of 2025, a 62.9% decrease from 2024, and a 90.4% decrease since 2015.

In the past 10 years, Energy Focus' cash and equivalents has ranged from $52 thousand in 2022 to $34.64 million in 2015, and is currently $1.06 million as of their latest financial filing in 2025.

Over the last 10 years, Energy Focus' book value per share changed from 3.90 in 2015 to 0.72 in 2025, a change of -81.6%.


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Financial statements for NASDAQ:EFOI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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