Energy Focus (EFOI) Financial Statements & Analysis

Energy Focus (EFOI) Income Statement

Energy Focus reported revenue of $3.56M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 26.7% from $4.86M a year earlier. Energy Focus posted a net loss of $1.03M, compared with a net loss of $1.58M a year earlier. Gross margin was 18.9% and operating margin -28.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $3.75M, up 228.0% from the same quarter a year earlier.

Energy Focus Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Energy Focus, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	3.56	4.86	5.72	5.97	9.87	16.83	12.71	18.11	19.85
Cost of Revenue	2.89	4.16	5.49	6.29	8.17	11.64	10.73	14.70	15.03
Gross Profit	0.67	0.70	0.22	-0.32	1.70	5.19	1.97	3.41	4.82
Operating Expenses
Research & Development	0.41	0.52	0.59	1.49	1.89	1.42	1.28	2.60	2.94
Selling, General & Administrative	1.28	2.02	3.61	0.00	8.54	7.90	7.45	9.79	11.32
Operating Expenses	1.70	2.54	4.19	8.98	10.41	9.32	8.93	12.39	14.26
Operating Income	-1.02	-1.84	-3.97	-9.30	-8.71	-4.13	-6.96	-9.09	-11.28
Other Income/Expense
Interest Income	0.00	0.00	0.06	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.38	0.95	-0.79	-0.48	0.32	0.01	0.00
Other Income/Expense	0.00	0.21	-0.32	-0.98	-0.80	-1.16	-0.41	-0.02	-0.10
Income
Income Before Tax	-1.03	-1.58	-4.29	-10.28	-7.89	-5.99	-7.36	-9.10	-11.38
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	-0.12
Net Income	-1.03	-1.58	-4.29	-10.28	-7.89	-5.98	-7.37	-9.11	-11.27
Net Income - Continuous Operations	-1.03	-1.58	-4.29	-10.28	-7.89	-5.98	-7.37	-9.11	-11.27
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-0.99	-1.81	-3.88	-8.80	-8.54	-3.95	-6.72	-8.57	-10.70
EBIT	-1.03	-1.84	-3.91	-8.96	-8.73	-4.13	-	-	-
Depreciation & Amortization	0.04	0.04	0.03	0.16	0.19	0.18	0.33	0.52	0.68
Earnings Per Share
Basic EPS	-	-	-1.00	-9.00	-12.00	-13.00	-21.00	-27.00	-33.00
Diluted EPS	-	-	-1.00	-9.00	-12.00	-13.00	-21.00	-27.00	-33.00
Basic Shares Outstanding	5.55	4.95	3.24	1.16	0.65	0.47	0.35	0.34	0.34
Diluted Shares Outstanding	5.55	4.95	3.24	1.16	0.65	0.47	0.35	0.34	0.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Energy Focus Financial Statements

What was Energy Focus's revenue in fiscal 2025?

Energy Focus reported revenue of $3.56M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 26.7% from $4.86M a year earlier.

Is Energy Focus profitable?

No. Energy Focus reported a net loss of $1.03M in fiscal 2025. In fiscal 2024 it lost $1.58M.

What is Energy Focus's operating margin?

Energy Focus's operating income was −$1.02M on revenue of $3.56M in fiscal 2025, an operating margin of -28.8%, compared with -37.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition