Energy Focus, Inc.

EFOI Consumer Cyclical Furnishings Fixtures & Appliances

Energy Focus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 million, down 26.7% from fiscal 2024.

Revenue
+228.0%
EPS
−250.0%
Free cash flow
−280.9%

Quarter to June 2026, against a year earlier

3.70 0.30 −7.50%
Market cap
$23.5M
P/E
0.0×
Fwd P/E
−17.0×
Dividend yield
—
F-score
5/9
Altman Z
−34.12
Beneish M
−2.34
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 48.00%

Capital & Financial Ratios $m

Size
Market Cap 23.54
Revenue ttm 6.50
Net income ttm (1.54)
Free cash flow ttm (1.67)
Net debt Q (1.10)
Valuation
P/E 0.00
Forward P/E (17.00) (negative: loss-making)
Price / sales 3.60
Forward P/S Powerpack
Price / FCF 0.00
Price / book 7.00 (above 6: high)
Financial health
Current ratio Q 1.54 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (173.60)
Growth
Revenue growth Q +228.00% (above 0%: growing)
Operating income growth Q −287.50% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A +405.51% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +35.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 96.11%
10-year low 10-year high
P/B against its own 10 years 95.16%
10-year low 10-year high
EV/Sales against its own 10 years 95.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2 1 1 1
Receivables 2 1 1 3
Inventory 4 3 3 3
Other 1 0 0 1
9 5 5 7
2023 2024 2025 Q'26
Payables 2 1 0 0
ST’ Debt 1 — — —
Other 0 — — —
6 2 1 5

Compound Annual Growth %

10y 5y 3y
Sales (25.14%) (26.70%) (15.82%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (21.34%) (0.70%) 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.14) — — —
’25 (0.05) (0.04) (0.03) (0.06) (0.18)
’24 (0.09) (0.12) (0.06) (0.05) (0.32)
’23 (0.56) (0.42) (0.27) (0.19) (1.32)
’22 (3.08) (2.45) (2.03) (1.54) (8.89)
’21 (3.15) (4.13) (1.54) (3.50) (12.11)
’20 (1.40) (9.52) (2.45) 0.07 (12.81)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 4 — — —
’25 1 1 1 1 4
’24 1 2 1 1 5
’23 1 1 1 2 6
’22 2 1 2 1 6
’21 3 2 3 2 10
’20 4 3 6 4 17
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 0 (1) — — —
’25 0 0 0 (1) (1)
’24 0 (1) 0 0 (1)
’23 (1) 0 (1) 0 (2)
’22 (3) (3) (1) 0 (7)
’21 (3) (3) (2) (1) (10)
’20 1 (1) (1) (1) (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 0 (1) — — —
’25 0 0 0 (1) (1)
’24 0 (1) 0 0 (1)
’23 (1) 0 (1) 0 (3)
’22 (3) (3) (1) 0 (7)
’21 (3) (3) (2) (1) (10)
’20 0 (1) (1) (1) (3)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 31 20 18 13 17 10 6 6 5 4 6 (21.4%) — — — —
Gross margin, % 24.77 24.29 18.84 15.54 30.81 17.21 (5.33) 3.90 14.38 18.88 4.57 (5.9) pt
EBT (17) (11) (9) (7) (6) (8) (10) (4) (2) (1) (2) (26.7%)
EBT margin, % (54.35) (57.35) (50.26) (57.95) (35.57) (79.95) (172.17) (75.04) (32.55) (28.85) (23.67) +25.5 pt
Net income (17) (11) (9) (7) (6) (8) (10) (4) (2) (1) (2) (26.7%)
Per share, $
Per share, $ Revenue 92.92 58.82 52.81 36.11 36.01 15.14 5.15 1.76 0.98 0.64 1.03 (42.5%)
Earnings (50.73) (33.24) (26.59) (20.99) (12.81) (12.11) (8.89) (1.32) (0.32) (0.18) (0.25) (46.6%)
Cash flow (49.62) (17.41) (19.82) (18.83) (5.24) (14.98) (5.80) (0.75) (0.26) (0.25) (0.26) (44.4%)
Capex (4.79) (0.19) 0.55 (0.37) (0.48) (0.68) (0.01) (0.02) 0.00 (0.01) 0.00 (51.3%)
Free cash flow (54.41) (17.60) (19.27) (19.20) (5.72) (15.66) (5.81) (0.77) (0.27) (0.26) (0.26) (44.8%)
Book value 89.74 57.18 32.23 11.36 9.11 9.53 (0.41) 0.94 0.59 0.74 0.53 (41.3%)
Shares, m 0 0 0 0 0 1 1 3 5 6 6 +36.7%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 1.69 1.46 0.41 0.46 0.78 1.97 0.46 0.82 1.21 3.60 3.60 1.3
P/B 1.75 1.51 0.67 1.46 3.10 3.14 0.00 1.54 2.02 3.12 7.00 1.8
EV/Sales 1.16 0.93 0.07 0.49 0.81 1.85 0.83 0.84 1.54 3.90 3.76 1.2
EV/FCF (1.98) (3.10) (0.19) (0.91) (5.10) (1.79) (0.74) (1.93) (5.39) (9.62) (14.32) (3.1)
Cash, $m
Cash, $m Operating cash flow (17) (6) (7) (7) (2) (10) (7) (2) (1) (1) (2) (24.0%)
Capex (2) 0 0 0 0 0 0 0 0 0 0 (33.4%)
Free cash flow (18) (6) (7) (7) (3) (10) (7) (3) (1) (1) (2) (24.5%)
Balance, $m
Balance, $m Working capital 28 18 10 3 4 5 (1) 3 3 4 3 (20.0%)
Net debt (17) (11) (4) 0 0 (1) 1 (1) (1) (1) (1) (26.3%)
Shareholders’ equity 30 19 11 4 4 6 0 3 3 4 3 (19.8%)
Returns, %
Returns, % ROA (37.25) (39.44) (44.83) (48.78) (49.56) (58.88) (89.82) (45.92) (20.01) (19.16) (23.88) +18.1 pt
ROIC (79.03) (82.65) (81.86) (99.97) (53.93) (109.19) (632.83) (105.88) (48.99) (21.02) (42.88) +58.0 pt
ROE (44.88) (45.77) (60.05) (97.99) (144.98) (150.73) (358.65) (333.57) (53.04) (29.25) (50.21) +15.6 pt
People
People Employees 131 74 58 42 57 58 20 14 13 12 — (23.3%)
Revenue/emp, $m 0.24 0.27 0.31 0.30 0.30 0.17 0.30 0.41 0.37 0.30 — +2.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Energy Focus, Inc. vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KEQU Kewaunee Scientific Corporation $98.8M 11.8× — (loss-making) −6.73% (below 0%: shrinking) −45.37% (below 0%: shrinking) −76.02% (below 0%: shrinking) 29.61% 4.76% Compare
VIRC Virco Manufacturing Corporation $94.1M — (loss-making) 34.4× −5.02% (below 0%: shrinking) −15.38% (below 0%: shrinking) +224.00% (above 0%: growing) 40.03% 12.06% Compare
VIOT Viomi Technology Co., Ltd. Sponsored ADR $47.9M — (loss-making) — (loss-making) −44.49% (below 0%: shrinking) n/m −1,075.29% (below 0%: shrinking) 22.74% (6.52%) Compare
MWYN Marwynn Holdings, Inc. $27.9M — (loss-making) — +2,540.19% (above 0%: growing) n/m −245.64% (below 0%: shrinking) 21.57% (7.71%) Compare
CRWS Crown Crafts, Inc. $27.6M 5.4× 8.2× +8.32% (above 0%: growing) n/m +3.72% (above 0%: growing) 47.90% 16.69% Compare
EFOI Energy Focus, Inc. $23.5M — (loss-making) — (loss-making) +228.00% (above 0%: growing) n/m −280.93% (below 0%: shrinking) (6.80%) (23.15%)
FGI FGI Industries Ltd. $14.3M — (loss-making) — (loss-making) +2.86% (above 0%: growing) n/m +22.78% (above 0%: growing) 33.44% 4.39% Compare
PRPL PURPLE INNOVATION, INC. $11.1M — (loss-making) — (loss-making) −18.74% (below 0%: shrinking) n/m +454.71% (above 0%: growing) 43.44% (10.12%) Compare
NCLX Northann Corp. $8.5M — (loss-making) — +44.33% (above 0%: growing) n/m −39.01% (below 0%: shrinking) (9.97%) (57.47%) Compare
Median of peers $27.7M — — −1.08% — −17.64% 31.53% (1.06%)

All 30 Furnishings Fixtures & Appliances stocks →

Pay and ownership Proxy statement filed 28 April 2026

Ownership

Directors and executive officers, together 48.90%
Jay (Chiao-Chieh) Huang 31.70%
Kin-Fu Chen 10.40%
Inwood Holding Limited 6.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Energy Focus, Inc. (EFOI) Latest News

24 Mar

Impact 4 · · Associated Press Finance

12 Nov

Impact 3 · · Associated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

12 Aug

26 Jun

Impact 3 · · Simply Wall St.

29 May

9 Nov

28 Aug

Impact 4 · · News Direct

10 Aug

15 Jun

Impact 3 · · News Direct

14 May

Impact 4 · · InvestorPlace

11 May

stockrow.com/EFOI · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com