NASDAQ : EFOI
Energy Focus, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 4.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 27.96M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Energy Focus, Inc. (EFOI) reported revenue of 6.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.50M | 3.56M | 4.86M | 5.72M | 5.97M | 9.87M |
| Cost of Revenue | 6.20M | 2.89M | 4.16M | 5.49M | 6.29M | 8.17M |
| Gross Profit | 297.00K | 672.00K | 699.00K | 223.00K | -318.00K | 1.70M |
| Selling, General & Admin | 1.39M | 1.28M | 2.02M | 3.61M | 7.15M | 8.54M |
| Research & Development | 448.00K | 412.00K | 524.00K | 587.00K | 1.49M | 1.89M |
| Operating Expenses | 1.84M | 1.70M | 2.54M | 4.19M | 8.64M | 10.43M |
| Operating Income | -1.54M | -1.02M | -1.84M | -3.97M | -8.96M | -8.73M |
| Interest Expense | -5.00K | -5.00K | -380.00K | -954.00K | -792.00K | |
| Interest & Investment Income | 5.00K | 2.00K | 57.00K | |||
| Other Non Operating Income (Expenses) | -2.00K | -10.00K | 15.00K | 4.00K | -26.00K | 811.00K |
| EBT Excluding Unusual Items | -1.54M | -1.03M | -1.83M | -4.29M | -9.94M | -8.71M |
| Merger & Restructuring Charges | 21.00K | |||||
| Gain (Loss) on Sale of Assets | 3.00K | 3.00K | ||||
| Asset Writedown | -338.00K | |||||
| Other Unusual Items | 2.00K | 2.00K | 250.00K | 801.00K | ||
| Pretax Income | -1.54M | -1.03M | -1.58M | -4.29M | -10.28M | -7.89M |
| Income Tax Expense | 7.00K | 3.00K | 4.00K | -1.00K | ||
| Earnings From Continuing Operations | -1.54M | -1.03M | -1.58M | -4.29M | -10.28M | -7.89M |
| Net Income | -1.54M | -1.03M | -1.58M | -4.29M | -10.28M | -7.89M |
| Net Income to Common | -1.54M | -1.03M | -1.58M | -4.29M | -10.28M | -7.89M |
| Shares Outstanding (Basic) | 6.05M | 5.55M | 4.95M | 3.24M | 1.16M | 651.57K |
| Shares Outstanding (Diluted) | 6.05M | 5.55M | 4.95M | 3.24M | 1.16M | 651.57K |
| EPS (Basic) | -0.26 | -0.18 | -0.32 | -1.32 | -8.88 | -12.10 |
| EPS (Diluted) | -0.26 | -0.18 | -0.32 | -1.32 | -8.88 | -12.10 |
| Free Cash Flow | -1.72M | -1.46M | -1.32M | -2.51M | -6.75M | -10.21M |
| Free Cash Flow Per Share | -0.28 | -0.26 | -0.27 | -0.77 | -5.83 | -15.67 |
| Gross Margin | 4.57% | 18.88% | 14.38% | 3.90% | -5.33% | 17.21% |
| Operating Margin | -23.71% | -28.76% | -37.90% | -69.46% | -150.08% | -88.47% |
| Profit Margin | -23.77% | -28.85% | -32.55% | -75.09% | -172.24% | -79.94% |
| Free Cash Flow Margin | -26.40% | -40.96% | -27.08% | -43.87% | -113.17% | -103.48% |
| EBITDA | -1.51M | -987.00K | -1.80M | -3.94M | -8.80M | -8.54M |
| EBITDA Margin | -23.19% | -27.73% | -37.14% | -68.88% | -147.42% | -86.57% |
| D&A For EBITDA | 34.00K | 37.00K | 37.00K | 33.00K | 159.00K | 188.00K |
| EBIT | -1.54M | -1.02M | -1.84M | -3.97M | -8.96M | -8.73M |
| EBIT Margin | -23.71% | -28.76% | -37.90% | -69.46% | -150.08% | -88.47% |
| Advertising Expenses | 1.00K | 6.00K | 6.00K | 300.00K | 400.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.10M | 1.06M | 565.00K | 2.03M | 52.00K | 2.68M |
| Short-Term Investments | 592.00K | 730.00K | ||||
| Cash & Short-Term Investments | 1.10M | 1.06M | 565.00K | 2.03M | 644.00K | 3.41M |
| Accounts Receivable | 2.56M | 526.00K | 804.00K | 1.77M | 445.00K | 1.24M |
| Other Receivables | 445.00K | 445.00K | ||||
| Receivables | 2.56M | 526.00K | 804.00K | 1.77M | 890.00K | 1.69M |
| Inventory | 2.77M | 2.93M | 3.26M | 4.44M | 5.48M | 7.87M |
| Prepaid Expenses | 274.00K | 126.00K | 157.00K | 154.00K | 232.00K | 458.00K |
| Other Current Assets | 693.00K | 3.00K | 356.00K | 794.00K | 3.00K | |
| Total Current Assets | 7.40M | 4.65M | 5.14M | 9.19M | 7.24M | 13.42M |
| Property, Plant & Equipment | 224.00K | 304.00K | 467.00K | 1.01M | 1.26M | 967.00K |
| Other Long-Term Assets | 522.00K | 156.00K | ||||
| Total Assets | 8.14M | 5.11M | 5.61M | 10.20M | 8.50M | 14.39M |
| Accounts Payable | 3.38M | 544.00K | 1.88M | 3.77M | 2.20M | 2.23M |
| Accrued Expenses | 295.00K | 148.00K | 307.00K | 435.00K | 482.00K | 1.14M |
| Short-Term Debt | 911.00K | 2.26M | 2.17M | |||
| Current Portion of Long-Term Debt | 1.32M | 2.62M | 1.72M | |||
| Current Portion of Leases | 151.00K | 139.00K | 139.00K | 223.00K | 198.00K | 326.00K |
| Current Unearned Revenue | 268.00K | |||||
| Other Current Liabilities | 63.00K | 91.00K | 118.00K | 600.00K | 183.00K | 295.00K |
| Total Current Liabilities | 4.80M | 922.00K | 2.44M | 6.35M | 7.95M | 8.16M |
| Long-Term Leases | 78.00K | 254.00K | 798.00K | 1.03M | 26.00K | |
| Total Liabilities | 4.80M | 1.00M | 2.70M | 7.15M | 8.97M | 8.18M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | ||
| Additional Paid-In Capital | 160.28M | 160.03M | 157.81M | 156.37M | 148.54M | 144.95M |
| Retained Earnings | -156.94M | -155.92M | -154.90M | -153.31M | -149.02M | -138.74M |
| Comprehensive Income & Other | -3.00K | -3.00K | -3.00K | -3.00K | -3.00K | -3.00K |
| Shareholders' Equity | 3.34M | 4.11M | 2.92M | 3.05M | -477.00K | 6.21M |
| Total Liabilities & Equity | 8.14M | 5.11M | 5.61M | 10.20M | 8.50M | 14.39M |
| Total Debt | 1.06M | 217.00K | 393.00K | 2.34M | 6.11M | 4.24M |
| Net Cash (Debt) | 34.00K | 847.00K | 172.00K | -314.00K | -5.46M | -828.00K |
| Net Cash Per Share | 0.01 | 0.15 | 0.03 | -0.10 | -4.72 | -1.27 |
| Filing Date Shares Outstanding | 6.37M | 6.31M | 5.26M | 4.44M | 2.59M | 921.97K |
| Total Common Shares Outstanding | 6.37M | 6.31M | 5.26M | 4.35M | 1.41M | 909.79K |
| Working Capital | 2.60M | 3.73M | 2.70M | 2.84M | -704.00K | 5.27M |
| Book Value Per Share | 0.52 | 0.65 | 0.55 | 0.70 | -0.34 | 6.82 |
| Tangible Book Value | 3.34M | 4.11M | 2.92M | 3.05M | -477.00K | 6.21M |
| Tangible Book Value Per Share | 0.52 | 0.65 | 0.55 | 0.70 | -0.34 | 6.82 |
| Machinery | 747.00K | 747.00K | 702.00K | 1.29M | 1.25M | 1.97M |
| Construction In Progress | 28.00K | 135.00K | ||||
| Leasehold Improvements | 124.00K | 124.00K | 124.00K | 141.00K | 141.00K | 169.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.54M | -1.03M | -1.58M | -4.29M | -10.28M | -7.89M |
| Depreciation & Amortization | 34.00K | 37.00K | 37.00K | 33.00K | 159.00K | 188.00K |
| Other Amortization | 5.00K | 225.00K | 364.00K | 230.00K | ||
| Loss (Gain) From Sale of Assets | -3.00K | -3.00K | ||||
| Asset Writedown & Restructuring Costs | 338.00K | |||||
| Stock-Based Compensation | 125.00K | 121.00K | 4.00K | 44.00K | 117.00K | 429.00K |
| Provision & Write-off of Bad Debts | 98.00K | 10.00K | -69.00K | 6.00K | 14.00K | 6.00K |
| Other Operating Activities | 713.00K | 224.00K | 65.00K | -48.00K | -69.00K | -1.45M |
| Change in Accounts Receivable | -1.74M | 266.00K | 1.04M | -1.33M | 783.00K | 783.00K |
| Change in Inventory | -702.00K | -263.00K | 912.00K | 1.01M | 2.36M | -2.38M |
| Change in Accounts Payable | 2.19M | -638.00K | -1.54M | 1.57M | -1.00K | -423.00K |
| Change in Unearned Revenue | -268.00K | 196.00K | ||||
| Change in Other Net Operating Assets | -845.00K | -131.00K | -168.00K | 349.00K | -229.00K | 546.00K |
| Operating Cash Flow | -1.67M | -1.40M | -1.30M | -2.44M | -6.71M | -9.77M |
| Capital Expenditures | -49.00K | -54.00K | -19.00K | -69.00K | -41.00K | -443.00K |
| Sale of Property, Plant & Equipment | 13.00K | 13.00K | 25.00K | |||
| Investment in Securities | -536.00K | -156.00K | ||||
| Investing Cash Flow | -572.00K | -197.00K | -19.00K | -69.00K | -16.00K | -443.00K |
| Short-Term Debt Issued | 800.00K | |||||
| Long-Term Debt Issued | 2.65M | 1.51M | ||||
| Total Debt Issued | 922.00K | 3.45M | 1.51M | |||
| Short-Term Debt Repaid | -1.40M | -768.00K | -181.00K | |||
| Long-Term Debt Repaid | -1.00M | -625.00K | -1.64M | -3.00K | ||
| Total Debt Repaid | -1.00M | -2.03M | -2.41M | -184.00K | ||
| Net Debt Issued (Repaid) | 922.00K | -1.00M | -2.03M | 1.04M | 1.33M | |
| Issuance of Common Stock | 1.95M | 2.10M | 851.00K | 6.53M | 3.51M | 10.38M |
| Repurchase of Common Stock | -1.00K | |||||
| Other Financing Activities | -16.00K | -448.00K | -999.00K | |||
| Financing Cash Flow | 2.87M | 2.10M | -149.00K | 4.49M | 4.10M | 10.71M |
| Foreign Exchange Rate Adjustments | -36.00K | |||||
| Net Cash Flow | 597.00K | 499.00K | -1.47M | 1.98M | -2.63M | 504.00K |
| Free Cash Flow | -1.72M | -1.46M | -1.32M | -2.51M | -6.75M | -10.21M |
| Free Cash Flow Margin | -26.40% | -40.96% | -27.08% | -43.87% | -113.17% | -103.48% |
| Free Cash Flow Per Share | -0.28 | -0.26 | -0.27 | -0.77 | -5.83 | -15.67 |
| Levered Free Cash Flow | -1.21M | -1.06M | -1.05M | -1.11M | -3.25M | -7.13M |
| Unlevered Free Cash Flow | -1.20M | -1.06M | -1.05M | -1.10M | -3.02M | -6.87M |
| Cash Interest Paid | 5.00K | 380.00K | 364.00K | 381.00K | ||
| Cash Income Tax Paid | 3.00K | 3.00K | 5.00K | 1.00K | 4.00K | |
| Change in Working Capital | -1.09M | -766.00K | 243.00K | 1.59M | 2.64M | -1.28M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 25.92M | 13.26M | 6.26M | 6.57M | 3.02M | 26.82M |
| Enterprise Value | 25.89M | 12.65M | 5.88M | 6.48M | 8.40M | 30.30M |
| Last Close Price | 4.07 | 2.31 | 1.19 | 1.51 | 2.21 | 29.89 |
| Forward PE | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | |
| PS Ratio | 3.99 | 3.72 | 1.29 | 1.15 | 0.51 | 2.72 |
| PB Ratio | 7.76 | 3.23 | 2.15 | 2.15 | -6.32 | 4.32 |
| P/TBV Ratio | 7.76 | 3.23 | 2.15 | 2.15 | 4.32 | |
| PEG Ratio | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | |
| EV/Sales Ratio | 3.98 | 3.55 | 1.21 | 1.13 | 1.41 | 3.07 |
| Debt / Equity Ratio | 0.32 | 0.05 | 0.14 | 0.77 | -12.80 | 0.68 |
| Net Debt / Equity Ratio | -0.01 | -0.21 | -0.06 | 0.10 | -11.45 | 0.13 |
| Net Debt / EBITDA Ratio | 0.02 | 0.86 | 0.10 | -0.08 | -0.62 | -0.10 |
| Net Debt / FCF Ratio | 0.02 | 0.58 | 0.13 | -0.12 | -0.81 | -0.08 |
| Asset Turnover | 1.00 | 0.66 | 0.61 | 0.61 | 0.52 | 0.74 |
| Inventory Turnover | 2.25 | 0.93 | 1.08 | 1.11 | 0.94 | 1.21 |
| Quick Ratio | 0.76 | 1.73 | 0.56 | 0.60 | 0.19 | 0.62 |
| Current Ratio | 1.54 | 5.04 | 2.11 | 1.45 | 0.91 | 1.65 |
| Return on Equity (ROE) | -50.21% | -29.24% | -53.03% | -333.57% | -358.65% | -150.73% |
| Return on Assets (ROA) | -14.89% | -11.94% | -14.56% | -26.55% | -48.91% | -40.73% |
| Return on Invested Capital (ROIC) | -48.64% | -34.11% | -60.31% | -202.76% | -236.05% | -135.94% |
| Return on Capital Employed (ROCE) | -46.10% | -24.50% | -58.10% | -103.20% | -1,622.60% | -140.00% |
| Earnings Yield | -6.27% | -7.75% | -25.27% | -65.38% | -340.73% | -29.40% |
| FCF Yield | -6.62% | -11.00% | -21.02% | -38.19% | -223.88% | -38.06% |
| Buyback Yield / Dilution | -14.06% | -12.25% | -52.64% | -179.88% | -77.72% | -39.48% |