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
DateValue
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