Growth & profitability
- Revenue has declined 26.7% per year over the past 5 years.
- Operating margin has contracted, at -28.8% in the latest year.
EFOI Financials ENERGY FOCUS, INC/DE
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $4M | $1M | 18.9% | -28.8% | $1M | — | $1M |
| 2024 | $5M | -$2M | 14.4% | -37.9% | -$1M | — | $565000 |
| 2023 | $6M | -$4M | 3.9% | -69.5% | -$3M | — | $2M |
| 2022 | $6M | -$10M | -5.3% | -155.7% | -$7M | — | $52000 |
| 2021 | $10M | -$8M | 17.2% | -88.3% | -$10M | — | $3M |
| 2020 | $17M | -$6M | 30.8% | -24.2% | -$3M | — | $2M |
| 2019 | $13M | -$7M | 15.5% | -54.7% | -$7M | — | $350000 |
| 2018 | $18M | -$9M | 18.8% | -50.2% | -$7M | — | $6M |
| 2017 | $20M | -$11M | 24.3% | -56.8% | -$6M | — | $11M |
| 2016 | $31M | -$17M | 24.8% | -54.3% | — | — | $17M |
| 2015 | — | $9M | — | — | — | $0 | $35M |
| 2014 | — | -$6M | — | — | -$2M | $70000 | $7M |
| 2013 | — | -$2M | — | — | -$7M | $4M | $2M |
| 2012 | — | -$6M | — | — | -$7M | $3M | $788000 |
| 2011 | — | -$6M | — | — | -$3M | $2M | $2M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $949000 | -$140000 | 23.3% | -14.9% | $69000 | — | $1M |
| Dec '25 | $975000 | -$356000 | 18.9% | -36.6% | -$862000 | — | $1M |
| Sep '25 | $826000 | -$172000 | 17.8% | -21.2% | -$104000 | — | $897000 |
| Jun '25 | $1M | -$231000 | 12.9% | -19.6% | -$215000 | — | $499000 |
| Mar '25 | $616000 | -$268000 | 31.5% | -43.5% | -$277000 | — | $488000 |
| Dec '24 | $1M | $3M | 20.7% | -22.5% | $2M | — | $565000 |
| Sep '24 | $1M | -$316000 | 15.7% | -33.3% | -$286000 | — | $819000 |
| Jun '24 | $2M | -$554000 | 8.1% | -35.9% | -$718000 | — | $1M |
| Mar '24 | $833000 | -$418000 | 14.4% | -71.9% | -$58000 | — | $972000 |
| Dec '23 | $2M | $8M | 3.1% | -32.0% | $5M | — | $2M |
| Sep '23 | $1M | -$944000 | -3.6% | -67.4% | -$1M | — | $2M |
| Jun '23 | $1M | -$1M | 17.0% | -104.3% | -$152000 | — | $1M |
| Mar '23 | $930000 | -$1M | 1.8% | -129.4% | -$1M | — | $301000 |
| Dec '22 | $663000 | -$2M | -35.9% | -305.3% | -$459000 | — | $52000 |
| Sep '22 | $2M | -$3M | -9.2% | -136.5% | -$900000 | — | $41000 |
| Jun '22 | $1M | -$2M | 7.4% | -149.2% | -$3M | — | $938000 |
| Mar '22 | $2M | -$3M | -1.3% | -128.9% | -$3M | — | $225000 |
| Dec '21 | $2M | -$3M | 7.9% | -98.0% | -$1M | — | $3M |
| Sep '21 | $3M | -$1M | 20.5% | -65.8% | -$2M | — | $381000 |
| Jun '21 | $2M | -$2M | 18.9% | -108.1% | -$3M | — | $1M |
Valuation over time
How the market has priced EFOI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 14.9× (Dec '25) to 18.0× (Jun '26).
- The price-to-sales ratio has risen from 0.6× (Mar '23) to 5.0× (Jun '26).
P/E
P/S
Frequently asked questions
Is EFOI growing its revenue and profit?
Over the past 5 years, ENERGY FOCUS, INC/DE's revenue has declined 26.7% per year. These are computed facts, not advice.
How much debt does EFOI have?
As of FY2025, ENERGY FOCUS, INC/DE reported — of total debt against $1M of cash.
What is EFOI's profit margin?
In FY2025, gross margin was 18.9%, operating margin -28.8%, and net margin 28.1%.
What is EFOI's P/E ratio?
As of Jun '26, ENERGY FOCUS, INC/DE traded at a price-to-earnings ratio of about 18.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.