# ORION ENERGY SYSTEMS, INC. (OESX) · Edgar & Edgarette company card

> Orion Energy Systems (OESX) grew revenue 8.3% in FY2026 to $86 million, operating margin -1.9% against a 3.6% median for electric lighting & wiring equipment, equity 32.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1409375 · fiscal year ended 2026-03-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/OESX) · [JSON](https://www.pops4.com/boards/company/OESX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $86M |
| Revenue growth, 1 year | 8.3% |
| Revenue growth per year | -8.7% |
| Operating margin | -1.9% (prior year -13.3%) |
| Net margin | -3.7% |
| Operating cash flow | −$1M |
| Capital spending | $83,000 |
| Free cash flow | −$1M |
| Cash | $3M |
| Long-term debt | $6M |
| Total assets | $52M |
| Total equity | $17M |
| Equity ÷ assets | 32.2% |
| Return on equity | -19.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.77 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -2.53 (below the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -1.9% in FY2026; revenue is hard to predict: its 80% range is ±44%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $86.3M (FY2026), total debt $6.0M. Experience: revenue up 8.3% on the year, down 8.7% a year over 4 years; operating margin -1.9%, up from -13.3%. Soundness: equity 32.2% of assets, return on equity -19.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $55.1M and $141.2M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $57.0M to $136.6M. A statistical range, not company guidance. Against peers (151 filers, $50M+ revenue, its industry group): operating margin -1.9% against a 3.6% median; growth 8.3% against 9.1%.

Range logged 2026-09-29, receipt 1f9575b12e9ab174, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-08-07 ([filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526340368/0001193125-26-340368-index.htm))

## Recent filings

- 8-K · filed 2026-09-15 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526391540/0001193125-26-391540-index.htm)
- 8-K · filed 2026-08-07 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526340368/0001193125-26-340368-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526335206/0001193125-26-335206-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526333810/0001193125-26-333810-index.htm)
- DEF 14A · filed 2026-06-23 · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526279460/0001193125-26-279460-index.htm)
- 10-K · filed 2026-06-04 · [filing](https://www.sec.gov/Archives/edgar/data/1409375/000119312526257468/0001193125-26-257468-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001409375.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1409375

## Cite

POPS4, Edgar & Edgarette: ORION ENERGY SYSTEMS, INC. (OESX) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/OESX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.