10x Insights
Loading account…
Companies / Technology / ORION ENERGY SYSTEMS, INC.
OESX

ORION ENERGY SYSTEMS, INC.

TechnologyElectronic Equipment
Ticker OESXMANITOWOC, WIFiscal year ends MarchBook value per share $4.50Diluted shares 4.2M

Orion Energy Systems, Inc. (NASDAQ: OESX) operates as a provider of energy-efficient lighting solutions, wireless Internet of Things enabled control systems, commercial and industrial electric vehicle charging infrastructure, and lighting and electrical maintenance services. The company's website is… From the company’s description.

Fiscal year 2026 · ends 03-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$86.31M
+8.3% year over year
Last 12 mo $92.47M
-1.90%
+11.4 percentage points
Last 12 mo 1.60%
$-3.16M
+73.2% year over year
Last 12 mo $0.04M
-19.02%
+80.3 percentage points
Last 12 mo 0.21%
Cash & financing
$-1.08M
−280.1% year over year
Last 12 mo $0.79M
$-1.16M
−332.4% year over year
Last 12 mo $0.75M
0.36
Was 0.87× a year earlier
Last 12 mo 0.35
3.6M
−89.2% year over year
Last 12 mo 4.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ORION ENERGY SYSTEMS, INC. does

In the company’s own words

Orion Energy Systems, Inc. (NASDAQ: OESX) operates as a provider of energy-efficient lighting solutions, wireless Internet of Things enabled control systems, commercial and industrial electric vehicle charging infrastructure, and lighting and electrical maintenance services. The company's website is www.orionlighting.com.

The company serves commercial, institutional, and industrial customers across North America, with primary vertical markets including big box retail, manufacturing, warehousing and logistics, commercial office, federal and municipal government, healthcare, and schools. Orion differentiates itself through highly efficient LED lighting fixtures measured in lumens per watt, coupled with comprehensive project management services that enable customers to retrofit multiple locations simultaneously. The company's service offerings encompass site surveys and audits, utility incentive and government subsidy management, engineering design, turnkey installation, controls integration, commissioning, and ongoing maintenance services.

Orion operates through three reportable segments: Lighting, which develops and sells LED lighting products and provides construction and engineering services; Maintenance, which provides retailers, distributors, and other businesses with maintenance, repair, and replacement services for deployed lighting and electrical components; and EV, which offers electric vehicle charging expertise and turnkey installation solutions. The company acquired Voltrek LLC in October 2022, which expanded its capabilities into the EV charging sector.

Manufacturing occurs at a leased 266,000 square foot facility in Manitowoc, Wisconsin, where the company utilizes solar and wind power to reduce its carbon footprint. As of March 31, 2026, Orion employed 174 full-time employees. The company maintains a portfolio of over 90 United States patents covering innovative elements of its LED fixtures and controls, including its patented LDR product that enables faster installation than competitor offerings.

Orion sells through direct channels to national account end-users, indirectly through electrical distributors and contractors, and via energy service companies. The company had 36 ESCO partners and independent lighting agencies representing it across substantially all of North America as of fiscal year-end 2026. Backlog as of March 31, 2026 totaled $30.1 million, with the company generally expecting backlog recognition within one year.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
MANITOWOC, WI
Fiscal year end
March
CIK
1409375
SIC
3640

Financial performance, year by year

Fiscal 2014–2026 · USD
$-52.86M$2.70M$58.25M$113.80M$169.36M2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ORION ENERGY SYSTEMS, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

19
funds hold it
0 of 35
superinvestors hold it
$5.36M
held by funds, at market
12.7%
of shares held by funds

Largest fund holders · ORION ENERGY SYSTEMS, INC.’s weight in each

North Star Opportunity Fund
NSOIX · NORTHERN LIGHTS FUND TRUST II
1.89%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.37%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do ORION ENERGY SYSTEMS, INC. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of ORION ENERGY SYSTEMS, INC.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in ORION ENERGY SYSTEMS, INC.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.