Energy Focus, Inc (EFOI) Financial Statements
Industry: Electric Lighting & Wiring Equipment
In fiscal 2025, Energy Focus reported revenue of $3.6M, down 26.7% from $4.9M the year before. Net income was -$1.0M (a -28.8% net margin), or -$0.18 per diluted share. Gross margin was 18.9% and operating margin was -28.8%. Operating activities generated -$1.4M of cash, leaving -$1.5M of free cash flow. At fiscal year end, Energy Focus held $5.1M in total assets against $1.0M in total liabilities, including $1.1M of cash and equivalents.
Open the full interactive Energy Focus financials → Quarterly statements, key ratios, valuation history and price charts.
Energy Focus Key Stats
| Share Price | $2.85 |
|---|---|
| Market Cap | $18.0M |
| Revenue YoY Growth | -26.8% |
| 52-Week Range | $1.66 – $6.49 |
| Shares Outstanding | 6.3 million (basic, 2026 Q2) |
Energy Focus Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $16.8M | $9.9M | $6.0M | $5.7M | $4.9M | $3.6M |
| Cost of Goods Sold | $11.6M | $8.2M | $6.3M | $5.5M | $4.2M | $2.9M |
| Gross Profit | $5.2M | $1.7M | -$318,000 | $223,000 | $699,000 | $672,000 |
| Operating Income | -$4.1M | -$8.7M | -$9.3M | -$4.0M | -$1.8M | -$1.0M |
| Pre-Tax Income | -$6.0M | -$7.9M | -$10.3M | -$4.3M | -$1.6M | -$1.0M |
| Income Tax | -$5,000 | -$1,000 | $4,000 | $3,000 | $2,000 | $0 |
| Net Income | -$6.0M | -$7.9M | -$10.3M | -$4.3M | -$1.6M | -$1.0M |
| Diluted EPS | $0.07 | -$3.50 | -$1.61 | -$1.32 | -$0.32 | -$0.18 |
Energy Focus Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $826,000 | $975,000 | $949,000 | $3.7M |
| Net Income | -$172,000 | -$356,000 | -$140,000 | -$877,000 |
| Diluted EPS | -$0.03 | -$0.06 | -$0.02 | -$0.14 |
Energy Focus Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.8M | $2.7M | $52,000 | $2.0M | $565,000 | $1.1M |
| Current Assets | $11.1M | $13.4M | $7.2M | $9.2M | $5.1M | $4.6M |
| Total Assets | $12.4M | $14.4M | $8.5M | $10.2M | $5.6M | $5.1M |
| Current Liabilities | $7.6M | $8.2M | $7.9M | $6.4M | $2.4M | $922,000 |
| Total Liabilities | $8.1M | $8.2M | $9.0M | $7.1M | $2.7M | $1.0M |
| Shareholders' Equity | $4.3M | $6.2M | -$477,000 | $3.1M | $2.9M | $4.1M |
Energy Focus Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.5M | -$9.8M | -$6.7M | -$2.4M | -$1.3M | -$1.4M |
| Cash From Investing | -$223,000 | -$443,000 | -$16,000 | -$69,000 | -$19,000 | -$197,000 |
| Cash From Financing | $4.2M | $10.7M | $4.1M | $4.5M | -$149,000 | $2.1M |
| Free Cash Flow | -$2.7M | -$10.2M | -$6.7M | -$2.5M | -$1.3M | -$1.5M |
Figures from Energy Focus' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Energy Focus financials page for every line item.
Energy Focus Company Profile
| Ticker | EFOI |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric Lighting & Wiring Equipment |
| Headquarters | Solon, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000924168 |
Frequently Asked Questions
What was Energy Focus' revenue in fiscal 2025?
Energy Focus (EFOI) reported revenue of $3.6M for fiscal 2025.
What is Energy Focus' annual revenue history?
Energy Focus' annual revenue by fiscal year: 2020: $16.8M; 2021: $9.9M; 2022: $6.0M; 2023: $5.7M; 2024: $4.9M; 2025: $3.6M.
What was Energy Focus' net income in fiscal 2025?
Energy Focus reported net income of -$1.0M for fiscal 2025.
What was Energy Focus' earnings per share (EPS) in fiscal 2025?
Energy Focus' diluted EPS was -$0.18 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Energy Focus generate in fiscal 2025?
Energy Focus generated -$1.5M of free cash flow in fiscal 2025.
What was Energy Focus' revenue last quarter?
In its most recent reported quarter (2026 Q2), Energy Focus reported revenue of $3.7M.
How many shares of Energy Focus are outstanding?
Energy Focus reported a weighted average of 6.3 million basic shares outstanding in 2026 Q2.
What is Energy Focus' market cap?
Based on its latest closing price, Energy Focus (EFOI) has a market capitalization of about $18.0M.
When does Energy Focus' fiscal year end?
Energy Focus' fiscal year end, as registered with the SEC, is December 31.
Where is Energy Focus headquartered?
Energy Focus lists its business address in Solon, Ohio in its SEC filings.