Flux Power Holdings, Inc. FLUX
Power Holdings, Inc. (the "Company" or "Flux") was incorporated in 1998 in the State of Nevada, and Flux's
operations are conducted through its wholly owned subsidiary, Flux Power, Inc., a California corporation. We design, develop, manufacture,
and sell a portfolio of advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors
which include material handling and airport ground support equipment ("GSE"). We believe our mobile energy storage solutions
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.1M | $66.4M | $60.8M | $66.5M | $42.3M | $26.3M | $16.8M | $9.3M | $4.1M | $902.0K |
| Cost of revenue | $29.4M | $44.7M | $43.6M | $50.6M | $36.7M | $20.5M | $14.7M | $8.8M | $4.9M | $1.6M |
| Gross profit | $12.7M | $21.7M | $17.2M | $15.9M | $5.6M | $5.8M | $2.2M | $549.0K | -$795.0K | -$720.0K |
| R&D | $2.8M | $4.5M | $4.9M | $4.7M | $6.3M | $6.7M | $5.0M | $4.1M | $2.0M | $1.1M |
| SG&A | $16.4M | $22.3M | $18.9M | $17.6M | $15.5M | $12.6M | $9.8M | $7.7M | $3.5M | $2.4M |
| Total operating expenses | $19.2M | $26.8M | $23.8M | $22.3M | $21.8M | $19.3M | $14.7M | $11.8M | $5.4M | $3.5M |
| Operating income | -$6.5M | -$5.0M | -$6.6M | -$6.4M | -$16.2M | -$13.5M | -$12.5M | -$11.3M | -$6.2M | -$4.2M |
| Interest expense | $853.0K | $1.6M | $1.7M | $1.3M | $252.0K | $622.0K | $1.8M | $699.0K | $0 | $273.0K |
| Pre-tax income | $7.4M | -$6.7M | -$8.3M | -$7.7M | — | — | — | -$12.4M | -$7.0M | -$4.4M |
| Income tax | $1.0K | $4.0K | $3.0K | $2.0K | — | — | — | $0 | $0 | $0 |
| Net income | -$7.4M | -$6.7M | -$8.3M | -$7.7M | -$16.5M | -$12.8M | -$14.3M | -$12.4M | -$7.0M | -$4.4M |
| EPS, basic | -0.38 | -0.40 | -0.50 | -0.48 | -1.07 | -1.08 | — | — | — | — |
| EPS, diluted | -0.38 | -0.40 | -0.50 | -0.48 | -1.07 | -1.08 | -2.80 | -2.84 | -2.74 | -0.18 |
| Shares, diluted (wtd. avg.) | $19.8M | $16.7M | $16.5M | $16.1M | $15.4M | $11.8M | — | — | — | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $300.0K | $1.3M | $643.0K | $2.4M | $485.0K | $15.7M | $726.0K | $102.0K | $2.7M | $121.0K |
| Receivables | $4.9M | $11.4M | $9.8M | $8.8M | $8.6M | $4.5M | $3.1M | $2.4M | $946.0K | $80.0K |
| Inventory | $14.8M | $17.2M | $17.0M | $16.2M | $14.4M | $12.7M | $5.3M | $3.8M | $1.5M | $1.6M |
| Total current assets | $20.7M | $31.8M | $28.3M | $28.3M | $24.8M | $33.9M | $9.8M | $6.7M | $5.3M | $1.8M |
| Property, plant and equipment | $476.0K | $708.0K | $1.7M | $1.8M | $1.6M | $1.5M | $528.0K | $346.0K | $87.0K | $59.0K |
| Other intangibles | $763.0K | $846.0K | — | — | — | — | — | — | — | — |
| Total assets | $24.2M | $34.8M | $32.3M | $33.0M | $29.1M | $38.4M | $14.0M | $7.2M | $5.4M | $1.9M |
| Accounts payable | $8.5M | $16.3M | $11.4M | $9.9M | $6.6M | $9.3M | $4.6M | $2.5M | $417.0K | $367.0K |
| Short-term debt | — | — | — | — | — | — | $2.1M | — | — | — |
| Total current liabilities | $20.0M | $39.6M | $30.7M | $24.0M | $14.6M | $12.1M | $15.8M | $10.3M | $12.7M | $6.5M |
| Total liabilities | $21.6M | $40.2M | $32.1M | $26.3M | $16.9M | $14.9M | $20.4M | $10.4M | $12.8M | $6.7M |
| Retained earnings | -$113.8M | -$106.4M | -$99.7M | -$91.4M | -$83.6M | -$71.5M | -$53.4M | -$39.1M | -$26.7M | -$19.7M |
| Total equity | $2.6M | -$5.4M | $194.0K | $6.7M | $12.1M | $12.0M | -$6.4M | -$3.2M | -$7.4M | -$4.7M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.9M | $610.0K | -$4.8M | -$3.6M | -$23.9M | -$18.4M | -$8.3M | -$10.7M | -$6.5M | -$5.7M |
| Depreciation and amortisation | — | $1.0M | $1.0M | $899.0K | $575.0K | $274.0K | $141.0K | $81.0K | $57.0K | $40.0K |
| Stock-based compensation | $973.0K | $979.0K | $1.6M | $798.0K | $711.0K | $797.0K | $1.8M | $1.9M | $255.0K | $40.0K |
| Capital expenditure | $509.0K | $653.0K | $853.0K | $1.0M | $797.0K | $1.1M | $323.0K | $275.0K | $85.0K | $53.0K |
| Investing cash flow | -$509.0K | -$653.0K | -$853.0K | -$1.0M | -$797.0K | -$1.1M | -$323.0K | -$275.0K | -$85.0K | -$53.0K |
| Financing cash flow | $5.4M | $734.0K | $3.9M | $6.5M | $20.5M | $23.4M | $9.3M | $8.4M | $9.2M | $5.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-039471.
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