Orion Energy Systems, Inc. (OESX) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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OESX Revenue Growth
Revenue Breakdown (FY 2024)
OESX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
OESX Revenue Analysis (2013–2024)
As of May 8, 2026, Orion Energy Systems, Inc. (OESX) generated trailing twelve-month (TTM) revenue of $81.5 million, reflecting solid growth of +7.7% year-over-year. The most recent quarter (Q3 2025) recorded $21.1 million in revenue, up 5.9% sequentially.
Looking at the longer-term picture, OESX's 5-year compound annual growth rate (CAGR) stands at -12.0%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $150.8 million in 2019.
Revenue diversification analysis shows OESX's business is primarily driven by Product (68%), and Service (32%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including LEDS (+824.4% YoY), EFOI (-35.3% YoY), and ARAY (-7.9% YoY), OESX has underperformed the peer group in terms of 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 | $81M | +7.7% | -12.0% | -13.3% | |
 LEDS | $43M | +824.4% | +47.9% | -3.7% | |
 EFOI | $5M | -35.3% | -17.5% | -37.9% | |
 ARAY | $459M | -7.9% | +3.7% | 1.7% | |
 POWI | $444M | +3.1% | -1.9% | 4.8% | |
 RVLV | $1.2B | +10.0% | +16.1% | 6.1% |
OESX Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $79.7M | -12.0% | $20.2M | 25.4% | $-10,596,000 | -13.3% |
| 2023 | $90.6M | +17.1% | $20.9M | 23.1% | $-10,824,000 | -11.9% |
| 2022 | $77.4M | -37.8% | $17.5M | 22.6% | $-15,985,000 | -20.7% |
| 2021 | $124.4M | +6.5% | $33.9M | 27.3% | $8.4M | 6.7% |
| 2020 | $116.8M | -22.5% | $30.1M | 25.8% | $6.8M | 5.9% |
| 2019 | $150.8M | +129.4% | $37.1M | 24.6% | $13.1M | 8.7% |
| 2018 | $65.8M | +9.0% | $14.6M | 22.1% | $-6,157,000 | -9.4% |
| 2017 | $60.3M | -14.1% | $14.7M | 24.3% | $-12,981,000 | -21.5% |
| 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% |
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Start ComparisonOESX — Frequently Asked Questions
Quick answers to the most common questions about buying OESX stock.
Is OESX's revenue growth accelerating or slowing?
OESX maintains +7.7% revenue growth, in line with its 5-year CAGR of -12.0%. TTM revenue stands at $81M. Growth rate remains consistent with historical average.
What is OESX's long-term revenue growth rate?
Orion Energy Systems, Inc.'s 5-year revenue CAGR of -12.0% reflects the sustained expansion pattern. Current YoY growth of +7.7% is near this long-term average.
How is OESX's revenue distributed by segment?
OESX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.