Energy Focus, Inc. (EFOI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 5.53M | 4.65M | 4.81M | 4.37M | 4.99M | 5.14M | 5.93M | 6.22M | 6.48M | 9.19M | 8.36M | 8.31M | 7.43M | 7.24M | 8.6M | 10.61M | 10.53M | 13.42M | 12.1M | 12.32M |
| Cash & Short-Term Investments | 1.13M | 1.06M | 897K | 519K | 488K | 565K | 1.25M | 1.56M | 1.49M | 2.03M | 2.42M | 1.95M | 916K | 52K | 651K | 1.44M | 926K | 3.39M | 1.29M | 2.23M |
| Cash Only | 1.13M | 1.06M | 897K | 499K | 488K | 565K | 819K | 1.1M | 972K | 2.03M | 1.69M | 1.32M | 301K | 52K | 41K | 938K | 225K | 2.68M | 381K | 1.33M |
| Short-Term Investments | 0 | 0 | 0 | 20K | 0 | 0 | 431K | 452K | 516K | 0 | 732K | 630K | 615K | 0 | 610K | 501K | 701K | 712K | 913K | 908K |
| Accounts Receivable | 487K | 526K | 665K | 960K | 588K | 804K | 745K | 651K | 396K | 1.77M | 844K | 841K | 909K | 890K | 1.01M | 1.16M | 1.33M | 1.24M | 1.63M | 1.15M |
| Days Sales Outstanding | 48.03 | 56.19 | 90.5 | 61.62 | 101.69 | 55.75 | 53.69 | 30.68 | 118.42 | 50.29 | 57.89 | 75.47 | 87.05 | 131.62 | 56.38 | 76.4 | 56.11 | 54.86 | 46.47 | 57.94 |
| Inventory | 3.69M | 2.93M | 3.06M | 2.75M | 3.23M | 3.26M | 3.72M | 3.79M | 4.4M | 5.23M | 4.9M | 5.3M | 4.94M | 5.48M | 6.16M | 7.17M | 7.37M | 7.87M | 7.75M | 8.13M |
| Days Inventory Outstanding | 409.45 | 344.54 | 393.95 | 273.46 | 692.7 | 317.14 | 342.81 | 261.07 | 614.41 | 201.07 | 338.45 | 531.98 | 513.29 | 593.86 | 318.06 | 482.38 | 328.45 | 324.26 | 334.25 | 423.44 |
| Other Current Assets | 226K | 3K | 190K | 0 | 141K | 0 | 0 | 0 | 0 | -790K | 189K | 0 | 445K | 592K | 0 | 0 | 0 | 448K | 0 | 342K |
| Total Non-Current Assets | 419K | 460K | 383K | 427K | 436K | 467K | 507K | 858K | 937K | 1.01M | 1.05M | 1.09M | 1.18M | 1.26M | 1.68M | 1.9M | 2.02M | 967K | 1.01M | 1.08M |
| Property, Plant & Equipment | 264K | 304K | 383K | 427K | 436K | 467K | 507K | 858K | 937K | 1.01M | 1.05M | 1.09M | 1.18M | 1.26M | 1.68M | 1.9M | 2.02M | 967K | 1.01M | 1.08M |
| Fixed Asset Turnover | 3.34x | 2.84x | 2.04x | 2.65x | 1.36x | 2.62x | 1.75x | 1.73x | 0.86x | 2.33x | 1.25x | 0.93x | 0.76x | 0.45x | 0.98x | 0.76x | 1.38x | 2.44x | 2.64x | 1.81x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 156K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 155K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 5.95M | 5.11M | 5.2M | 4.8M | 5.43M | 5.61M | 6.44M | 7.08M | 7.42M | 10.2M | 9.4M | 9.4M | 8.61M | 8.5M | 10.28M | 12.51M | 12.55M | 14.39M | 13.11M | 13.4M |
| Asset Turnover | 0.17x | 0.19x | 0.17x | 0.22x | 0.11x | 0.21x | 0.18x | 0.21x | 0.09x | 0.24x | 0.14x | 0.12x | 0.11x | 0.07x | 0.15x | 0.12x | 0.15x | 0.17x | 0.21x | 0.16x |
| Asset Growth % | 9.65% | -8.96% | -19.28% | -32.19% | -26.82% | -44.98% | -31.53% | -24.74% | -13.89% | 20.03% | -8.56% | -24.84% | -31.36% | -40.95% | -21.53% | -6.66% | 1.78% | 16.08% | -6.84% | -3.63% |
| Total Current Liabilities | 1.94M | 922K | 1.92M | 1.81M | 2.37M | 2.44M | 2.94M | 2.88M | 3.46M | 6.35M | 4.65M | 5.39M | 4.68M | 7.95M | 6.86M | 6.42M | 7.94M | 8.16M | 8.57M | 7.75M |
| Accounts Payable | 162K | 544K | 1.33M | 1.24M | 880K | 970K | 2.37M | 2.11M | 2.7M | 3.77M | 2.33M | 2.91M | 2.18M | 2.2M | 1.89M | 1.31M | 2.23M | 2.23M | 2.61M | 2.85M |
| Days Payables Outstanding | 43.64 | 107.58 | 174.18 | 97.03 | 197.27 | 151.53 | 204.44 | 153.46 | 412.88 | 121.05 | 173.72 | 264.12 | 215.93 | 208.81 | 76.27 | 117.45 | 96.27 | 100.49 | 114.73 | 170.06 |
| Short-Term Debt | 145K | 139K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.32M | 1.27M | 1.62M | 1.67M | 4.88M | 3.95M | 3.82M | 4.27M | 3.89M | 4.27M | 3.1M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 450K | 0 | 0 | 0 | 0 | 7K | 0 | 0 | 268K | 2K | 71K |
| Other Current Liabilities | 1.64M | 239K | 368K | 88K | 85K | 118K | 118K | 117K | 116K | 386K | 670K | 146K | 143K | 404K | 450K | 315K | 722K | 721K | 530K | 427K |
| Current Ratio | 2.85x | 5.04x | 2.50x | 2.41x | 2.11x | 2.11x | 2.02x | 2.16x | 1.87x | 1.45x | 1.80x | 1.54x | 1.59x | 0.91x | 1.25x | 1.65x | 1.33x | 1.65x | 1.41x | 1.59x |
| Quick Ratio | 0.95x | 1.86x | 0.91x | 0.89x | 0.74x | 0.77x | 0.75x | 0.84x | 0.60x | 0.62x | 0.74x | 0.56x | 0.53x | 0.22x | 0.36x | 0.54x | 0.40x | 0.68x | 0.51x | 0.54x |
| Cash Conversion Cycle | 413.85 | 293.15 | 310.27 | 238.05 | 597.11 | 221.36 | 192.06 | 138.29 | 319.95 | 130.3 | 222.62 | 343.33 | 384.4 | 516.67 | 298.17 | 441.33 | 288.29 | 278.63 | 265.99 | 311.32 |
| Total Non-Current Liabilities | 40K | 78K | 134K | 176K | 216K | 254K | 291K | 670K | 735K | 798K | 857K | 915K | 975K | 1.03M | 1.9M | 1.92M | 1.18M | 26K | 30K | 47K |
| Long-Term Debt | 40K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 815K | 788K | 0 | 0 | 0 | 13K |
| Capital Lease Obligations | 0 | 78K | 134K | 176K | 216K | 254K | 291K | 670K | 735K | 798K | 857K | 915K | 975K | 1.03M | 1.08M | 1.13M | 1.18M | 26K | 30K | 34K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.98M | 1M | 2.06M | 1.99M | 2.58M | 2.7M | 3.23M | 3.55M | 4.19M | 7.15M | 5.51M | 6.3M | 5.66M | 8.97M | 8.76M | 8.34M | 9.12M | 8.18M | 8.6M | 7.8M |
| Total Debt | 185K | 217K | 291K | 326K | 361K | 393K | 441K | 915K | 968K | 2.34M | 2.34M | 2.74M | 2.85M | 6.11M | 6.03M | 5.92M | 5.69M | 4.24M | 4.77M | 3.77M |
| Net Debt | -941K | -847K | -606K | -173K | -127K | -172K | -378K | -190K | -4K | 314K | 648K | 1.43M | 2.54M | 6.05M | 5.99M | 4.98M | 5.46M | 1.56M | 4.39M | 2.44M |
| Debt / Equity | 0.05x | 0.05x | 0.09x | 0.12x | 0.13x | 0.13x | 0.14x | 0.26x | 0.30x | 0.77x | 0.60x | 0.89x | 0.96x | - | 3.95x | 1.42x | 1.66x | 0.68x | 1.06x | 0.67x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | -58.40x | - | - | -119.80x | -4.49x | -26.56x | -15.91x | -9.84x | -6.41x | -9.92x | -8.56x | -14.33x | -8.68x | -10.22x | -10.45x |
| Total Equity | 3.97M | 4.11M | 3.14M | 2.81M | 2.84M | 2.92M | 3.21M | 3.52M | 3.23M | 3.05M | 3.89M | 3.1M | 2.96M | -477K | 1.53M | 4.17M | 3.43M | 6.21M | 4.5M | 5.6M |
| Equity Growth % | 39.61% | 40.96% | -2.09% | -20.16% | -11.85% | -4.46% | -17.6% | 13.65% | 9.14% | 739.62% | 155.05% | -25.7% | -13.9% | -107.68% | -66.1% | -25.56% | 4.7% | 45.89% | 110.47% | 226.9% |
| Book Value per Share | 0.64 | 0.69 | 0.56 | 0.52 | 0.54 | 0.59 | 0.61 | 0.74 | 0.73 | 0.70 | 1.11 | 1.12 | 1.28 | -0.35 | 1.16 | 4.07 | 3.73 | 8.18 | 6.20 | 9.31 |
| Total Shareholders' Equity | 3.97M | 4.11M | 3.14M | 2.81M | 2.84M | 2.92M | 3.21M | 3.52M | 3.23M | 3.05M | 3.89M | 3.1M | 2.96M | -477K | 1.53M | 4.17M | 3.43M | 6.21M | 4.5M | 5.6M |
| Common Stock | 0 | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 0 | 0 | 0 | 0 | 2K | 1K | 1K | 1K | 0 | 0 | 0 | 0 |
| Retained Earnings | -156.06M | -155.92M | -155.57M | -155.4M | -155.16M | -154.9M | -154.6M | -154.29M | -153.73M | -153.31M | -152.47M | -151.52M | -150.35M | -149.02M | -146.71M | -144.05M | -141.56M | -138.74M | -136.11M | -134.97M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |