Orion Energy Systems (OESX) Operating Expenses (2010 - 2025)
Orion Energy Systems (OESX) reported Operating Expenses of $6.1 million for Q4 2025, down 12.59% on a YoY basis from $7.0 million in Q4 2024, and down 4.64% sequentially from $6.4 million in Q3 2025.
Orion Energy Systems (OESX) Operating Expenses (2010 - 2025) Analysis & Trends
Orion Energy Systems (OESX) has 16 years of Operating Expenses data on file, last reported at $6.1 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 12.59% year-over-year to $6.1 million; the trailing twelve-month figure through Dec 2025 stood at $27.8 million (up 1.28% YoY), and the FY2025 full-year result was $30.8 million, down 2.85% from the prior year.
- Operating Expenses eased to $6.1 million in Q4 2025, from $6.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.6 million in Q1 2023 to a low of $5.0 million in Q1 2024.
- A 5-year average of $7.4 million and a median of $7.1 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 47.79% in 2024 and surged 67.53% in 2025, its largest moves.
- Tracing OESX's Operating Expenses over 5 years: stood at $6.3 million in 2021, then jumped by 48.5% to $9.4 million in 2022, then retreated by 10.03% to $8.4 million in 2023, then declined by 16.92% to $7.0 million in 2024, then dropped by 12.59% to $6.1 million in 2025.
- Business Quant data shows OESX's Operating Expenses at $6.1 million in Q4 2025, $6.4 million in Q3 2025, and $6.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 2.76 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 153.35 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 241.50 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 249.90 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 413.10 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 30.13 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 589.73 Mn |
| 10 | Orion Energy Systems | 37.04 Mn | 32.32 Mn | 6.51 Mn | 6.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 6.12 Mn |
| Sep 30, 2025 | 6.42 Mn |
| Jun 30, 2025 | 6.91 Mn |
| Mar 31, 2025 | 8.38 Mn |
| Dec 31, 2024 | 7.00 Mn |
| Sep 30, 2024 | 7.74 Mn |
| Jun 30, 2024 | 7.73 Mn |
| Mar 31, 2024 | 5.00 Mn |
| Dec 31, 2023 | 8.43 Mn |
| Sep 30, 2023 | 8.74 Mn |
| Jun 30, 2023 | 9.57 Mn |
| Mar 31, 2023 | 9.58 Mn |
| Dec 31, 2022 | 9.37 Mn |
| Sep 30, 2022 | 7.38 Mn |
| Jun 30, 2022 | 7.17 Mn |
| Mar 31, 2022 | 6.64 Mn |
| Dec 31, 2021 | 6.31 Mn |
| Sep 30, 2021 | 5.76 Mn |
| Jun 30, 2021 | 6.81 Mn |
| Mar 31, 2021 | 6.67 Mn |