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Financial statements

Flux Power Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Flux Power Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue0.94.129.3216.826.342.366.560.866.442.1
Cost of revenue1.624.918.7714.720.536.750.643.644.729.4
Gross profit-0.72-0.80.552.195.795.6115.917.221.712.7
Research and development1.051.964.094.976.676.314.684.924.462.81
Selling, general and administrative2.43.467.719.7612.615.517.618.922.316.4
Operating expenses3.465.4211.814.719.321.822.323.826.819.2
Operating income-4.18-6.21-11.3-12.5-13.5-16.2-6.41-6.62-5.03-6.47
Interest expense00.71.790.620.251.341.570.85
Pre-tax income7.45
Income tax0000000
Net income-4.44-6.97-12.4-14.3-12.8-16.5-7.74-8.33-6.67-7.45
EBITDA-4.14-6.16-11.2-12.4-13.2-15.6-5.51-5.57-4.03-5.65
EPS, basic-1.83-2.74-2.84-2.80-1.08-1.07-0.48-0.50-0.40-0.38
EPS, diluted-1.83-2.74-2.84-2.80-1.08-1.07-0.48-0.50-0.40-0.38
Shares, basic (weighted)2.422.544.365.1211.815.416.116.516.719.8
Shares, diluted (weighted)2.422.544.365.1211.815.416.116.516.719.8

Balance sheet

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents0.122.710.10.734.710.492.380.641.30.3
Receivables0.080.952.423.076.18.618.89.7711.44.86
Inventory1.571.513.815.2610.514.416.21717.214.8
Other current assets0.070.090.370.790.420.440.140.951.870.78
Total current assets1.845.266.79.8421.724.828.328.331.820.7
Property, plant and equipment0.060.090.350.531.361.581.791.750.710.48
Lease right-of-use assets03.443.042.62.852.11.282.17
Intangible assets0.850.76
Other non-current assets0.030.030.160.170.130.090.120.120.120.09
Total assets1.925.377.211426.329.13332.334.824.2
Accounts payable0.370.422.484.657.186.659.8711.416.38.47
Accrued liabilities0.260.390.861.42.582.213.183.937.064.12
Deferred revenue00.020.160.130.490.460.14
Short-term debt2.06
Total current liabilities6.5512.710.315.810.414.62430.739.620
Lease liabilities03.32.872.362.061.320.511.27
Total liabilities6.6712.810.420.413.316.926.332.140.221.6
Paid-in capital14.919.235.94779.295.798.199.9101116
Retained earnings-19.7-26.7-39.1-53.4-66.2-83.6-91.4-99.7-106-114
Shareholders' equity-4.75-7.44-3.17-6.421212.16.720.19-5.42.56
Total equity-4.75-7.44-3.17-6.421212.16.720.19-5.42.56
Total liabilities and equity1.925.377.211426.329.13332.334.824.2
Shares outstanding2.473.115.17.4213.71616.516.716.821.6

Cash flow statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income-4.44-6.97-12.4-14.3-12.8-16.5-7.74-8.33-6.67-7.45
Depreciation and amortization0.040.060.080.140.270.580.91.0510.82
Stock-based compensation0.040.261.941.80.80.710.81.570.980.97
Change in receivables0-0.87-1.47-0.65-3.03-2.51-0.19-0.97-1.756.51
Change in inventory-1.360.05-2.3-1.76-5.06-5.55-2.41-1.31-0.791.82
Change in payables-0.160.052.072.172.53-0.533.231.525.02-7.82
Cash from operations-5.7-6.5-10.7-8.34-18.4-23.9-3.57-4.80.61-5.92
Capital expenditures-0.05-0.09-0.28-0.32-1.1-0.8-1.03-0.85-0.65-0.51
Cash from investing-0.05-0.09-0.28-0.32-1.1-0.8-1.02-0.85-0.65-0.51
Stock issued4.391.3722.91.61.560.140.1
Cash from financing5.759.178.389.2923.420.56.493.920.735.4
Net change in cash-0.012.59-2.60.623.99-4.231.89-1.740.69-1.03
Free cash flow-5.75-6.59-11-8.67-19.5-24.7-4.61-5.65-0.04-6.43
Interest paid0.140.060.151.131.411.241.04

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $0.46 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin30.2%Gross profit / revenue.
Operating margin-15.4%Operating income / revenue.
EBITDA margin-13.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin17.7%Pre-tax income / revenue.
Net margin-17.7%Net income / revenue.
FCF margin-15.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-14.0%Cash from operations / revenue.
Effective tax rate0.0%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)-25.3%Net income / average total assets.
R&D / revenue6.7%Research and development expense / revenue.
SG&A / revenue38.9%Selling, general and administrative expense / revenue.
Stock-based pay / revenue2.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.2%Capital expenditures / revenue.
D&A / revenue2.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-36.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-14.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y9.9%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-41.5%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-7.2%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y17.0%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-1,070.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-27.5%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-26.7%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-30.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-9.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-1.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y18.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y7.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y10.9%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.03xCurrent assets / current liabilities.
Quick ratio0.26x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Liabilities / assets89.4%Total liabilities / total assets.
Interest coverage-7.59xOperating income / interest expense.
Working capital$653.0KCurrent assets - current liabilities.
Goodwill and intangibles / assets3.2%(Goodwill + intangible assets) / total assets.
Tangible book value$1.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.43xRevenue / average total assets.
Fixed asset turnover71.2xRevenue / average property, plant and equipment.
Inventory turnover1.84xCost of revenue / average inventory.
Days inventory198 days365 x average inventory / cost of revenue.
Receivables turnover5.19xRevenue / average receivables.
Days sales outstanding70 days365 x average receivables / revenue.
Days payables154 days365 x average accounts payable / cost of revenue.
Cash conversion cycle115 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.38Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.38Net income per basic share, as reported (split-adjusted).
Revenue per share$2.13Revenue / diluted weighted shares.
FCF per share-$0.32Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.30Cash from operations / diluted weighted shares.
Book value per share$0.12Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.08Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$9.9MShare price x shares outstanding.
Enterprise value$9.6MMarket cap + total debt - cash - short-term investments.
P/S0.23xMarket cap / revenue.
P/B3.86xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book5.51xMarket cap / tangible book value, when positive.
EV/Sales0.23xEnterprise value / revenue.
FCF yield-65.0%Free cash flow / market cap.
Earnings yield-75.4%Net income / market cap (the inverse of P/E).
What was Flux Power Holdings, Inc.'s revenue in fiscal 2026?

Flux Power Holdings, Inc. reported revenue of $42.1M for fiscal 2026, 36.6% lower than the year before.

Was Flux Power Holdings, Inc. profitable in fiscal 2026?

No. It reported a net loss of $7.4M.

How much free cash flow did Flux Power Holdings, Inc. generate in fiscal 2026?

Cash from operations of $5.9M minus capital expenditures of $509.0K left free cash flow of -$6.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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