Revenue growth has stalled significantly, evidenced by a sharp 60.6% year-over-year contraction in 2026Q3 alongside volatile gross margins that fluctuated between 26.9% and 34.7% over the last ten quarters.
Flux Power Holdings, Inc. (FLUX) annual income statement — 27-year revenue, gross profit & net income history
| Metric | TTM | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Sales/Revenue | 35.72M | 42.13M | 66.43M | 60.82M | 66.49M | 42.33M | 26.26M | 16.84M | 9.32M | 4.12M | 902K | 558K | 715K | 358K | 772K | 5.93M | 0 | 0 | 0 | 0 | 15.33M | 13.5M | 12.99M | 12.7M | 197 | 0 | 0 | 0 |
| Revenue Growth % | -43.74% | -36.58% | 9.22% | -8.52% | 57.06% | 61.23% | 55.9% | 80.77% | 126.25% | 356.54% | 61.65% | -21.96% | 99.72% | -53.63% | -86.98% | - | - | - | - | -100% | 13.53% | 3.92% | 2.26% | - | - | - | - | - |
| Cost of Goods Sold | 25.09M | 29.41M | 44.69M | 43.59M | 50.6M | 36.73M | 20.47M | 14.66M | 8.77M | 4.91M | 1.62M | 1.12M | 774K | 323K | 756K | 4.77M | 0 | 0 | 0 | 0 | 9.42M | 15.75M | 11.69M | 9.24M | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | 69.82% | 67.28% | 71.67% | 76.1% | 86.76% | 77.95% | 87.02% | 94.11% | 119.31% | 179.82% | 200.54% | 108.25% | 90.22% | 97.93% | 80.42% | - | - | - | - | 61.49% | 116.7% | 89.95% | 72.75% | - | - | - | - |
| Gross Profit | 10.63M | 12.72M | 21.74M | 17.23M | 15.89M | 5.61M | 5.79M | 2.19M | 549K | -795K | -720K | -540K | -59K | 35K | 16K | 1.16M | 0 | 0 | 0 | 0 | 5.9M | -1.94M | 1.3M | 3.46M | 197 | 0 | 0 | 0 |
| Gross Margin % | 29.75% | 30.18% | 32.72% | 28.33% | 23.9% | 13.25% | 22.05% | 12.98% | 5.89% | -19.31% | -79.82% | -96.77% | -8.25% | 9.78% | 2.07% | 19.58% | - | - | - | - | 38.51% | -14.39% | 10.05% | 27.25% | 100% | - | - | - |
| Gross Profit Growth % | - | -41.5% | 26.15% | 8.45% | 183.4% | -3.16% | 164.87% | 298.18% | 169.06% | -10.42% | -33.33% | -815.25% | -268.57% | 118.75% | -98.62% | - | - | - | - | -100% | 403.96% | -248.81% | -62.3% | - | - | - | - | - |
| Operating Expenses | 17.88M | 19.19M | 26.77M | 23.85M | 22.3M | 21.83M | 19.27M | 14.73M | 11.8M | 5.42M | 3.46M | 3.57M | 2.78M | 3.76M | 5.28M | 2.96M | 49.98K | 36.98K | 87.53K | -25.43M | 12.14M | 1.8M | 2.23M | 3.52M | 213.16K | 6.34M | 4.39M | 30K |
| OpEx % of Revenue | - | 45.55% | 40.29% | 39.21% | 33.54% | 51.56% | 73.38% | 87.48% | 126.65% | 131.57% | 383.15% | 639.78% | 388.81% | 1049.16% | 683.94% | 49.88% | - | - | - | - | 79.18% | 13.3% | 17.17% | 27.72% | 108205.08% | - | - | - |
| Selling, General & Admin | 15.47M | 16.38M | 0 | 0 | 0 | 0 | 0 | 0 | 7.71M | 3.46M | 2.4M | 2.24M | 2.11M | 1.66M | 2.52M | 2.37M | 49.98K | 36.98K | 87.53K | 0 | 10.46M | 611.87K | 1.28M | 315.59K | 213.16K | 6.34M | 4.39M | 30K |
| SG&A % of Revenue | - | 38.87% | - | - | - | - | - | - | 82.77% | 84.07% | 266.52% | 401.43% | 294.83% | 463.41% | 327.07% | 39.93% | - | - | - | - | 68.25% | 4.53% | 9.89% | 2.48% | 108205.08% | - | - | - |
| Research & Development | 2.41M | 2.81M | 4.46M | 4.92M | 4.68M | 6.31M | 6.67M | 4.97M | 4.09M | 1.96M | 1.05M | 1.3M | 655K | 536K | 992K | 590K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 6.68% | 6.72% | 8.08% | 7.04% | 14.91% | 25.4% | 29.53% | 43.88% | 47.5% | 116.63% | 232.26% | 91.61% | 149.72% | 128.5% | 9.95% | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 22.3M | 18.93M | 17.62M | 15.52M | 12.6M | 9.76M | 0 | 0 | 0 | 34K | 17K | 1.56M | 1.72M | 0 | 0 | 0 | 0 | -25.43M | 1.68M | 1.19M | 904.67K | 0 | 0 | 2.48K | 0 | 0 |
| Operating Income | -7.25M | -6.47M | -5.03M | -6.62M | -6.41M | -16.22M | -13.48M | -12.55M | -11.25M | -6.21M | -4.18M | -4.11M | -2.84M | -3.72M | -5.26M | -1.8M | -49.98K | -36.98K | -87.53K | -25.43M | -6.23M | -3.57M | -925K | -60.16K | -213K | -6.34M | -4.39M | -30K |
| Operating Margin % | -20.31% | -15.37% | -7.57% | -10.88% | -9.64% | -38.32% | -51.33% | -74.5% | -120.76% | -150.87% | -462.97% | -736.56% | -397.06% | -1039.39% | -681.87% | -30.3% | - | - | - | - | -40.67% | -26.44% | -7.12% | -0.47% | -108121.83% | - | - | - |
| Operating Income Growth % | - | -28.76% | 23.99% | -3.17% | 60.47% | -20.35% | -7.41% | -11.53% | -81.09% | -48.78% | -1.61% | -44.77% | 23.7% | 29.31% | -192.93% | -3495.65% | -35.16% | 57.76% | 99.66% | -308.04% | -74.64% | -285.84% | -1437.52% | 71.75% | 96.64% | -44.44% | -14533.33% | - |
| EBITDA | -6.46M | -5.65M | -4.03M | -5.57M | -5.51M | -15.65M | -13.2M | -12.41M | -11.17M | -6.16M | -4.14M | -4.08M | -2.81M | -2.1M | -5.22M | -1.77M | -49.98K | -36.98K | -87.53K | -25.43M | -5.63M | -3.08M | -354.63K | 460.14K | -213K | -6.34M | -4.39M | -30K |
| EBITDA Margin % | -18.09% | -13.41% | -6.06% | -9.16% | -8.29% | -36.96% | -50.29% | -73.67% | -119.89% | -149.49% | -458.54% | -732.08% | -392.59% | -587.99% | -676.17% | -29.8% | - | - | - | - | -36.74% | -22.78% | -2.73% | 3.62% | -108121.83% | - | - | - |
| EBITDA Growth % | -29.4% | -40.34% | 27.72% | -1.03% | 64.76% | -18.49% | -6.42% | -11.07% | -81.45% | -48.84% | -1.25% | -45.53% | -33.35% | 59.67% | -195.42% | -3435.63% | -35.16% | 57.76% | 99.66% | -351.7% | -83.1% | -767.14% | -177.07% | 316.03% | 96.64% | -44.39% | -14533.33% | - |
| D&A (Non-Cash Add-back) | 794K | 824K | 1M | 1.04M | 899K | 575K | 274K | 141K | 81K | 57K | 40K | 25K | 32K | 1.62M | 44K | 30K | 0 | 0 | 0 | 0 | 602.51K | 493.85K | 570.37K | 520.3K | 0 | 2.48K | 0 | 0 |
| EBIT | -7.38M | -6.59M | -5.03M | -6.62M | -6.4M | -16.22M | -12.17M | -12.55M | -11.17M | -6.21M | -4.16M | -4.1M | -2.3M | -4.13M | 467K | -2.32M | -49.98K | -36.98K | -87.53K | 0 | -6.23M | -3.57M | -925K | -60.16K | -213K | -6.34M | 0 | 0 |
| Net Interest Income | -653K | -853K | -1.65M | -1.72M | -1.34M | -252K | -622K | -1.79M | -1.25M | -752K | -273K | -472K | -114K | -169K | -116K | -62K | 0 | 0 | 0 | 0 | 0 | -702K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.36K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 653K | 853K | 1.65M | 1.72M | 1.34M | 252K | 622K | 1.79M | 1.25M | 752K | 273K | 472K | 114K | 169K | 116K | 62K | 0 | 0 | 0 | 0 | 0 | 703.76K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -801K | -974K | -1.65M | -1.72M | -1.33M | -252K | 685K | -1.79M | -1.16M | -752K | -259K | -461K | 424K | -578K | 5.62M | -588K | 0 | 0 | 0 | 0 | 0 | 779.64K | 55.71K | 60.16K | 0 | 0 | 0 | 0 |
| Pretax Income | -8.06M | -7.45M | -6.67M | -8.33M | -7.74M | -16.47M | -12.79M | -14.34M | -12.41M | -6.96M | -4.43M | -4.57M | -2.42M | -4.3M | 351K | -2.38M | -49.98K | 0 | -87.53K | -15.64M | 0 | -2.79M | -870K | -316K | 0 | 0 | -4.39M | -30K |
| Pretax Margin % | -22.56% | -17.68% | -10.05% | -13.7% | -11.65% | -38.91% | -48.72% | -85.12% | -133.24% | -169.14% | -491.69% | -819.18% | -337.76% | -1200.84% | 45.47% | -40.22% | - | - | - | - | - | -20.67% | -6.7% | -2.49% | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -81K | -57K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.98K | 0 | 9.79M | 53.68K | 0 | -673K | 0 | -87.03K | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.65% | 0.82% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | - | 0% | -62.61% | - | 0% | 77.36% | 0% | - | - | 0% | 0% |
| Net Income | -8.06M | -7.45M | -6.67M | -8.33M | -7.74M | -16.47M | -12.79M | -14.34M | -12.41M | -6.96M | -4.43M | -4.57M | -2.42M | -4.3M | 351K | -2.38M | -49.98K | -36.98K | 32.48M | -25.43M | -6.23M | -2.79M | -252K | -56.37K | 87.03K | -6.34M | -4.39M | -30K |
| Net Margin % | -22.56% | -17.68% | -10.05% | -13.7% | -11.65% | -38.91% | -48.72% | -85.12% | -133.24% | -169.14% | -491.69% | -819.18% | -337.76% | -1200.84% | 45.47% | -40.22% | - | - | - | - | -40.67% | -20.67% | -1.94% | -0.44% | 44179.19% | - | - | - |
| Net Income Growth % | -6.46% | -11.6% | 19.91% | -7.62% | 53% | -28.77% | 10.76% | -15.48% | -78.23% | -57.05% | 2.98% | -89.28% | 43.82% | -1324.79% | 114.72% | -4672.2% | -35.16% | -100.11% | 227.72% | -308.04% | -123.41% | -1007.14% | -347.05% | -164.77% | 101.37% | -44.44% | -14533.33% | - |
| Net Income (Continuing) | -8.06M | -7.45M | -6.67M | -8.33M | -7.74M | -16.47M | -12.79M | -14.34M | -12.41M | -6.96M | -4.43M | -4.57M | -2.42M | -4.3M | 351K | -2.38M | -49.98K | -36.98K | -87.53K | -25.43M | -6.23M | -2.79M | -252K | -56.37K | -213K | -6.34M | -4.39M | -30K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.37 | -0.38 | -0.40 | -0.50 | -0.48 | -1.03 | -1.22 | -1.93 | -2.43 | -2.24 | -1.77 | -2.18 | -2.43 | -4.61 | 0.74 | -5.41 | -0.06 | -0.04 | 37.83 | -29.62 | -725.90 | -3.00 | -3.00 | -0.12 | 0.19 | -13.72 | -0.27 | -0.00 |
| EPS Growth % | 14.6% | 5% | 20% | -4.17% | 53.4% | 15.57% | 36.79% | 20.58% | -8.48% | -26.55% | 18.81% | 10.29% | 47.29% | -722.97% | 113.68% | -9195.53% | -35.35% | -100.11% | 227.72% | 95.92% | -24096.67% | 0% | -2400% | -163.16% | 101.38% | -4981.48% | - | - |
| EPS (Basic) | - | -0.38 | -0.40 | -0.50 | -0.48 | -1.03 | -1.22 | -1.93 | -2.43 | -2.24 | -1.77 | -2.18 | -2.48 | -4.61 | 0.74 | -5.41 | -0.06 | -0.04 | 37.83 | -29.62 | -725.90 | -3.04 | -3.00 | -0.12 | 0.19 | -13.72 | -0.27 | -0.00 |
| Diluted Shares Outstanding | 21.62M | 19.83M | 16.72M | 16.55M | 16.05M | 15.44M | 11.8M | 5.12M | 4.36M | 3.11M | 2.51M | 1.49M | 994.64K | 932.74K | 473.56K | 440.71K | 859.12K | 859.12K | 858.68K | 858.68K | 25.74K | 857.99K | 857.99K | 462.18K | 462.18K | 462.18K | 15.99M | 15.99M |
| Basic Shares Outstanding | 21.62M | 19.83M | 16.72M | 16.55M | 16.05M | 15.44M | 11.8M | 5.12M | 4.36M | 3.11M | 2.45M | 1.49M | 975.28K | 932.74K | 473.56K | 440.71K | 859.12K | 859.12K | 858.68K | 858.68K | 25.74K | 857.99K | 857.99K | 462.18K | 462.18K | 462.18K | 15.99M | 15.99M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying FLUX stock.
For fiscal year 2026, Flux Power Holdings, Inc. (FLUX) reported total revenue of $42.1M.
Flux Power Holdings, Inc. (FLUX) reported a net loss of $7.4M for the fiscal year ending 2026.
Flux Power Holdings, Inc. (FLUX) reported an operating income of $-6.5M, resulting in an operating profit margin of -15.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Flux Power Holdings, Inc. (FLUX) generated $12.7M in gross profit for the year, representing a gross profit margin of 30.2%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Liquidity and capital exhaustion
Metrics are mathematically derived from official filings.
Revenue Growth Faces Significant Headwinds
As reported in recent financial filings, Flux Power's revenue trajectory has shifted toward contraction, with the most recent quarterly figures showing a sharp 60.6% year-over-year decline, signaling that the company's previous expansion phase has stalled amidst intensifying competition and potential market saturation in its core segments.
The dramatic drop in quarterly revenue to $6.6 million suggests that the company is struggling to maintain its historical growth momentum. Investors should monitor whether this decline reflects a structural loss of market share to larger incumbents or merely a temporary deferral of fleet upgrades by industrial customers.
Gross Margin Volatility Remains Elevated
Based on the company's reported income statements, gross margins have fluctuated between 26.9% and 34.7% over the last ten quarters, indicating that Flux Power lacks the pricing power necessary to fully insulate its profitability from volatile input costs and supply chain logistics expenses.
While the 27.3% gross margin in the most recent quarter remains within the historical range, the inability to consistently expand margins suggests that the company's assembly-heavy model is highly sensitive to lithium-ion cell pricing. This lack of structural margin expansion implies that the company remains vulnerable to external cost pressures.
Operating Leverage Remains Elusive Target
According to the provided financial data, Flux Power has failed to demonstrate consistent operating leverage, as evidenced by the persistent negative operating margins that have plagued the company throughout its recent history, despite reaching a revenue scale that should theoretically support better absorption of fixed costs.
The erratic nature of operating income, which swung from a $1.2 million profit in 2026Q3 to a $2.2 million loss in 2026Q1, suggests that the company's cost structure is not yet optimized for scale. This inconsistency warrants further investigation into whether the business model can ever achieve sustainable GAAP profitability.
Expense Discipline Lacks Consistent Execution
Based on the income statement analysis, Flux Power's cost structure appears highly irregular, with SG&A expenses showing zero reported values in several quarters followed by significant spikes, which complicates the assessment of management's long-term commitment to operational expense discipline and overhead control.
The absence of consistent SG&A reporting in the provided data makes it difficult to determine if the company is effectively managing its administrative burden. Investors should be wary of these reporting anomalies, as they may mask underlying inefficiencies in the company's core operating model.
Sustainability of Business Model Challenged
As indicated by the company's financial statements, the combination of declining revenue and persistent net losses suggests that the current business model may be unsustainable without frequent external capital injections, a reality that short-sellers would likely highlight as a primary risk to the company's long-term viability.
The company's reliance on transactional hardware sales in a cyclical industrial market creates a high-risk profile, especially given the limited cash reserves. The potential for further dilutive equity raises appears high, which could significantly impact shareholder value if the company fails to reach a clear inflection point toward positive cash flow.