Orion Energy Systems (OESX) Operating Expenses (2010 - 2026)
Orion Energy Systems (OESX) posted Operating Expenses of $6.1 million for Q4 2025, down 4.64% sequentially from $6.4 million in Q3 2025, and down 12.59% YoY from $7.0 million in Q4 2024.
Orion Energy Systems (OESX) Operating Expenses (2010 - 2026) Analysis & Trends
Orion Energy Systems has reported Operating Expenses for 16 years, with the latest figure at $6.1 million in Q4 2025.
- Quarterly Operating Expenses fell 12.59% year-over-year to $6.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $27.8 million (up 1.28% YoY) and the FY2025 annual result came in at $30.8 million, down 2.85% from the prior year.
- Operating Expenses eased to $6.1 million in Q4 2025 per OESX's latest filing, from $6.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $9.6 million in Q1 2023 and troughed at $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.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 47.79% in 2024, then jumped 67.53% in 2025.
- Over 5 years, Operating Expenses stood at $6.3 million in 2021, then jumped by 48.5% to $9.4 million in 2022, then dropped by 10.03% to $8.4 million in 2023, then decreased by 16.92% to $7.0 million in 2024, then retreated by 12.59% to $6.1 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.1 million, $6.4 million, and $6.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.39 Bn | 97.28 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 57.30 Bn | 54.63 Bn | 355.57 Mn | 173.34 Mn |
| 3 | Hubbell | 24.97 Bn | 24.57 Bn | 613.00 Mn | 264.40 Mn |
| 4 | nVent Electric | 24.84 Bn | 24.58 Bn | 558.00 Mn | 257.30 Mn |
| 5 | Advanced Energy Industries | 11.14 Bn | 9.73 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.29 Bn | 6.66 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.94 Bn | 6.41 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Plug Power | 3.23 Bn | 2.92 Bn | -1.68 Mn | 62.43 Mn |
| 10 | Orion Energy Systems | 77.99 Mn | 72.82 Mn | 8.91 Mn | 6.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.80 Mn |
| Mar 31, 2026 | 10.28 Mn |
| 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 |