Orion Energy Systems, Inc. (OESX) Revenue History
Annual and quarterly revenue from 2005 to present
OESX Revenue Over Time (2005–2026)
OESX Revenue Growth History
12 of 21 years with positive growth- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- +44.8%
- FY2007 revenue growth
- +67.5%
- FY2008 revenue growth
- -10.0%
- FY2009 revenue growth
- -9.9%
- FY2010 revenue growth
- +37.1%
- FY2011 revenue growth
- +12.1%
- FY2012 revenue growth
- -14.4%
- FY2013 revenue growth
- +2.9%
- FY2014 revenue growth
- -18.5%
- FY2015 revenue growth
- -6.3%
- FY2016 revenue growth
- +3.8%
- FY2017 revenue growth
- +3.8%
- FY2018 revenue growth
- -14.1%
- FY2019 revenue growth
- +9.0%
- FY2020 revenue growth
- +129.4%
- FY2021 revenue growth
- -22.5%
- FY2022 revenue growth
- +6.5%
- FY2023 revenue growth
- -37.8%
- FY2024 revenue growth
- +17.1%
- FY2025 revenue growth
- -12.0%
- FY2026 revenue growth
- +8.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2027 | $21.7M | +8.9% |
| Q1 2027 | $25.7M | +31.5% |
| Q4 2026 | $25.7M | +23.3% |
| Q3 2026 | $21.1M | +7.7% |
| Q2 2026 | $19.9M | +2.9% |
| Q1 2026 | $19.6M | -1.7% |
| Q4 2025 | $20.9M | -21.0% |
| Q3 2025 | $19.6M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
OESX's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
OESX Revenue Analysis (2005–2026)
Current Revenue & Growth
As of November 7, 2026, Orion Energy Systems, Inc. (OESX) generated trailing twelve-month (TTM) revenue of $94.2 million, reflecting solid growth of +8.9% year-over-year. The most recent quarter (Q2 2027) recorded $21.7 million in revenue, down 15.7% sequentially.
Historical Growth Trajectory
OESX's 5-year compound annual growth rate (CAGR) stands at -5.9%, indicating revenue contraction over this period. The 3-year CAGR of +3.7% exceeds the 5-year average, indicating an acceleration in the most recent period. Orion Energy Systems, Inc.'s highest annual revenue of $150.8 million was recorded in 2020.
Revenue by Segment
OESX's revenue is primarily driven by Product (66%), and Service (34%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including LEDS (-16.6% YoY), EFOI (+53.5% YoY), and ARAY (-12.5% YoY) — OESX has outperformed the peer group in revenue growth. Compare OESX vs LEDS →
OESX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OESXCurrent | $94M | +8.9% | -5.9% | -1.9% | |
 LEDS | $43M | -16.6% | +47.9% | -3.7% | |
 EFOI | $4M | +53.5% | -26.7% | -29.3% | |
 ARAY | $402M | -12.5% | +0.3% | -6.6% | |
 POWI | $444M | +2.3% | -1.9% | 4.8% | |
 RVLV | $1.2B | +14.7% | +16.1% | 6.1% |
OESX Historical Revenue Data (2005–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $86.3M | +8.3% | $28.1M | 32.6% | $-1,642,000 | -1.9% |
| 2025 | $79.7M | -12.0% | $20.2M | 25.4% | $-10,596,000 | -13.3% |
| 2024 | $90.6M | +17.1% | $20.9M | 23.1% | $-10,824,000 | -11.9% |
| 2023 | $77.4M | -37.8% | $17.5M | 22.6% | $-15,985,000 | -20.7% |
| 2022 | $124.4M | +6.5% | $33.9M | 27.3% | $8.4M | 6.7% |
| 2021 | $116.8M | -22.5% | $30.1M | 25.8% | $6.8M | 5.9% |
| 2020 | $150.8M | +129.4% | $37.1M | 24.6% | $13.1M | 8.7% |
| 2019 | $65.8M | +9.0% | $14.6M | 22.1% | $-6,157,000 | -9.4% |
| 2018 | $60.3M | -14.1% | $14.7M | 24.3% | $-12,981,000 | -21.5% |
| 2017 | $70.2M | +3.8% | $17.3M | 24.7% | $-12,527,000 | -17.8% |
| 2016 | $70.2M | +3.8% | $17.3M | 24.7% | $-12,527,000 | -17.8% |
| 2015 | $67.6M | -6.3% | $16.0M | 23.7% | $-19,922,000 | -29.5% |
| 2014 | $72.2M | -18.5% | $-1,137,000 | -1.6% | $-31,936,000 | -44.2% |
| 2013 | $88.6M | +2.9% | $23.0M | 25.9% | $-8,343,000 | -9.4% |
| 2012 | $86.1M | -14.4% | $26.7M | 31.1% | $-6,604,000 | -7.7% |
OESX Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
OESX — Frequently Asked Questions
Quick answers to the most common questions about buying OESX stock.
Is OESX's revenue growth accelerating or slowing?
OESX revenue growth is holding steady at +8.9% year-over-year. TTM revenue is $94M. The current growth rate closely tracks the 5-year CAGR of -5.9%, signalling consistent execution.
What is OESX's revenue history from 2005 to 2026?
Orion Energy Systems, Inc. (OESX) revenue history spans 2005 to 2026. TTM revenue as of 2026 is $94M, growing at +8.9% YoY. The 5-year CAGR is -5.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OESX's long-term revenue growth rate (CAGR)?
Orion Energy Systems, Inc.'s 5-year revenue CAGR of -5.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +8.9% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OESX.
Why does OESX's quarterly revenue fluctuate?
OESX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Orion Energy Systems, Inc.'s revenue data from 2005 to 2026 shows full historical quarterly detail on this page.
How is OESX's revenue distributed by segment?
OESX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does OESX's revenue compare to industry peers?
Orion Energy Systems, Inc. (OESX) with TTM revenue of $94M and +8.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.