Energy Focus, Inc. (EFOI) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 69K | -862K | -55K | -215K | -272K | -254K | -267K | -718K | -58K | -69K | -1.03M | -152K | -1.18M | -472K | -891K | -2.64M | -2.7M | -1.34M | -2.31M | -3.32M |
| Operating CF Margin % | 7.27% | -88.41% | -6.66% | -18.81% | -44.16% | -19.87% | -22.32% | -46.23% | -6.96% | -2.88% | -77.3% | -14.41% | -127.2% | -71.19% | -50.51% | -178.51% | -131.15% | -55.93% | -84.21% | -160.17% |
| Operating CF Growth % | 125.37% | -239.37% | 79.4% | 70.06% | -368.97% | -268.12% | 74.2% | -372.37% | 95.1% | 85.38% | -16.16% | 94.25% | 56.23% | 64.91% | 61.51% | 20.47% | 2.87% | -54.95% | -163.07% | -175.23% |
| Net Income | -140K | -1.03M | -172K | -231K | -268K | -294K | -316K | -554K | -418K | -849K | -944K | -1.17M | -1.33M | -2.31M | -2.66M | -2.49M | -2.82M | -2.63M | -1.14M | -2.47M |
| Depreciation & Amortization | 8K | 9K | 9K | 10K | 9K | 9K | 9K | 11K | 8K | 9K | 8K | 8K | 8K | 30K | 42K | 43K | 44K | 45K | 43K | 53K |
| Stock-Based Compensation | 0 | 125K | 0 | 0 | -4K | 2K | 1K | 0 | 1K | 8K | -13K | 23K | 26K | 2K | 17K | 54K | 44K | 42K | 0 | 208K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14K | 0 | 0 |
| Other Non-Cash Items | 33K | 792K | 55K | 81K | -26K | 18K | 49K | 147K | -213K | 110K | 81K | -36K | 28K | 246K | 310K | -38K | 129K | 288K | -829K | 33K |
| Working Capital Changes | 168K | -761K | 53K | -75K | 17K | 11K | -10K | -322K | 564K | 653K | -167K | 1.02M | 88K | 1.56M | 1.4M | -215K | -99K | 925K | -389K | -1.14M |
| Change in Receivables | 58K | 147K | 310K | -414K | 223K | -60K | -100K | -243K | 1.44M | -884K | -46K | 93K | -496K | 543K | 139K | 184K | -83K | 393K | -500K | 358K |
| Change in Inventory | -837K | -26K | -337K | 85K | 16K | 441K | -35K | 448K | -25K | 369K | 340K | -259K | 562K | 812K | 792K | 384K | 370K | -276K | 444K | -586K |
| Change in Payables | 932K | -758K | 109K | 31K | -20K | -467K | 261K | -436K | -896K | 1.17M | -459K | 884K | -27K | 91K | 629K | -777K | 61K | -341K | -164K | -869K |
| Cash from Investing | 0 | -156K | -36K | 0 | -5K | 0 | -19K | 0 | 0 | -42K | -27K | 0 | 0 | 25K | -9K | -2K | -35K | -132K | -100K | -102K |
| Capital Expenditures | 0 | 0 | -49K | 0 | -5K | 0 | -19K | 0 | 0 | -42K | -27K | 0 | 0 | 0 | -9K | -2K | -35K | -132K | -100K | -102K |
| CapEx % of Revenue | - | - | 5.93% | - | 0.81% | - | 1.59% | - | - | 1.76% | 2.02% | - | - | - | 0.51% | 0.14% | 1.7% | 5.49% | 3.64% | 4.92% |
| Acquisitions | 0 | 0 | 13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 0 | 1.2M | 500K | 200K | 200K | 0 | 0 | 851K | -1M | 450K | 1.44M | 1.17M | 1.43M | 458K | 3K | 3.36M | 281K | 3.78M | 1.13M | 4.2M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 | -313K | -121K | -1.59M | 242K | 98K | 420K | 281K | -518K | 1.13M | -357K |
| Equity Issued (Net) | 0 | 1.2M | 500K | 200K | 200K | 0 | 0 | 851K | 0 | 0 | 1.75M | 1.3M | 3.02M | 0 | 0 | 3.5M | 0 | 4.5M | -1K | 5M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 450K | 0 | -16K | 0 | 216K | -95K | -563K | 0 | -205K | 1K | -440K |
| Net Change in Cash | 62K | 167K | 398K | 11K | -77K | -254K | -286K | 133K | -1.06M | 339K | 375K | 1.01M | 249K | 11K | -897K | 713K | -2.46M | 2.3M | -1.29M | 779K |
| Free Cash Flow | 69K | -862K | -104K | -215K | -277K | -254K | -286K | -718K | -58K | -111K | -1.06M | -152K | -1.18M | -472K | -900K | -2.64M | -2.74M | -1.48M | -2.42M | -3.42M |
| FCF Margin % | 7.27% | -88.41% | -12.59% | -18.81% | -44.97% | -19.87% | -23.91% | -46.23% | -6.96% | -4.64% | -79.31% | -14.41% | -127.2% | -71.19% | -51.02% | -178.65% | -132.85% | -61.41% | -87.85% | -165.09% |
| FCF Growth % | 124.91% | -239.37% | 63.64% | 70.06% | -377.59% | -128.83% | 73.07% | -372.37% | 95.1% | 76.48% | -18% | 94.25% | 56.79% | 68.04% | 62.73% | 22.78% | 5.33% | -60.54% | -158.84% | -167.92% |
| FCF per Share | 0.01 | -0.14 | -0.02 | -0.04 | -0.05 | -0.05 | -0.05 | -0.15 | -0.01 | -0.03 | -0.30 | -0.05 | -0.51 | -0.34 | -0.69 | -2.58 | -2.98 | -1.95 | -3.32 | -5.69 |
| FCF Conversion (FCF/Net Income) | -0.49x | 2.42x | 0.32x | 0.93x | 1.01x | 0.86x | 0.84x | 1.30x | 0.14x | 0.08x | 1.10x | 0.13x | 0.89x | 0.20x | 0.33x | 1.06x | 0.96x | 0.51x | 2.03x | 1.34x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 0 | 7K | 10K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |