Flux Power Holdings, Inc. reported financial and operational results for the 2026 fiscal fourth quarter and full fiscal year ended June 30, 2026.

2026 fiscal fourth quarter and recent business highlights

  • Revenue for the 2026 fiscal fourth quarter reached $8.2 million
  • Operating expenses for the 2026 fiscal fourth quarter decreased by approximately 33% from the 2025 fiscal fourth quarter
  • Released SkyEMS® 3.0 with AI-powered insights, predictive analytics and customizable dashboards
  • Appointed industry veteran, Stu Jacover, as Vice President of Sales for Material Handling to expand the Company’s sales and marketing efforts


CEO commentary

“Fourth quarter revenue increased 25% sequentially, slightly ahead of the expectations we conveyed on last quarter’s call due to increased customer orders and shipments into a new vertical market,” commented Krishna Vanka, Flux Power’s CEO. “To improve our overall cost structure, we executed decisive expense reduction and efficiency initiatives over the past year that resulted in a 30% reduction in fourth quarter operating expenses compared to the prior year quarter.”

“We also took steps to aggressively optimize our supply chain, lower product costs, and advance product redesign efforts aimed at improving margins. We further strengthened our go-to-market capabilities with the addition of Stu Jacover as Vice President of Sales for Material Handling and launched new marketing programs to diversify our customer base. We also achieved a major platform milestone with the launch of SkyEMS® 3.0 featuring AI-driven, advanced fleet management capabilities that position Flux Power as a differentiated technology provider. Initial customer feedback on this tool has been quite favorable. We also achieved certification with a new major OEM during the quarter, which we believe increases our addressable market within Material Handling.”

“The Company has faced a number of headwinds during my first eighteen months as CEO, which in turn led us to reassess our business priorities and implement changes that we expect to benefit us in fiscal 2027 and beyond. With a leaner cost structure, a refreshed sales leadership team, expanding OEM relationships and upgraded offerings in place, I believe we are well positioned to deliver renewed growth and accelerate our path to profitability as broader economic conditions improve.”

2026 fiscal fourth quarter and full year financial results

Revenue for the 2026 fiscal fourth quarter was $8.2 million, compared to $6.6 million in the prior quarter and $16.7 million in the same quarter a year ago. Revenue for the full 2026 fiscal year was $42.1 million, compared to $66.4 million in fiscal 2025.

Gross profit for the 2026 fiscal fourth quarter was $2.3 million, or 27.4% of revenue, compared to $1.8 million, or 27.3% of revenue, in the prior quarter and $5.8 million, or 34.5% of revenue, in the same quarter a year ago. Gross profit for the full 2026 fiscal year was $12.7 million, or 30.2% of revenue, compared to $21.7 million, or 32.7% of revenue, in fiscal 2025.

Operating expenses for the 2026 fiscal fourth quarter were $4.4 million, compared to $4.8 million in the prior quarter and $6.5 million in the same quarter a year ago. Full 2026 fiscal year operating expenses were $19.2 million, compared to $26.8 million in fiscal 2025. The decrease in operating expenses primarily reflects previous actions taken to reduce headcount and streamline the Company’s operating model as well as the fact that fiscal 2025 included costs of $2.9 million associated with the restatement of previously issued financial statements.

Operating loss for the 2026 fiscal fourth quarter was $2.1 million, compared to an operating loss of $3.0 million in the prior quarter and an operating loss of $0.8 million in the same quarter a year ago. The full 2026 fiscal year operating loss was $6.5 million compared to an operating loss of $5.0 million in fiscal 2025. Excluding costs associated with stock-based compensation, the 2026 fiscal fourth quarter non-GAAP operating loss was $1.9 million, compared to a non-GAAP operating loss of $2.8 million in the prior quarter and non-GAAP operating income of $0.3 million in the same quarter a year ago, which also excluded costs associated with the multi-year restatement of previously issued financial statements. The full 2026 fiscal year non-GAAP operating loss was $5.5 million, compared to a non-GAAP operating loss of $1.1 million in fiscal 2025.

Net loss for the 2026 fiscal fourth quarter was $2.3 million, or ($0.11) per share, compared to a net loss of $3.2 million, or ($0.15) per share, in the prior quarter and a net loss of $1.2 million, or ($0.07) per share, in the same quarter a year ago. Net loss for the full 2026 fiscal year was $7.4 million, or ($0.38) per share, compared to net loss of $6.7 million, or ($0.40) per share, in fiscal 2025. Excluding the above-referenced stock-based compensation costs, the 2026 fiscal fourth quarter non-GAAP net loss was $2.1 million, or ($0.10) per share, compared to a non-GAAP net loss of $2.9 million, or ($0.14) per share, in the prior quarter and a non-GAAP net loss of $0.1 million, or ($0.01) per share, in the same quarter a year ago, which also excluded the above-referenced restatement costs. The full 2026 fiscal year non-GAAP net loss was $6.5 million, or ($0.33) per share, compared to a non-GAAP net loss of $2.8 million, or ($0.17) per share, in fiscal 2025, which also excluded the above-referenced restatement costs.

Adjusted EBITDA for the 2026 fiscal fourth quarter was negative $1.6 million, compared to negative $2.5 million in the prior quarter and positive $0.5 million in the same quarter a year ago. Adjusted EBITDA for the full 2026 fiscal year was negative $4.5 million, compared to negative $0.1 million in fiscal 2025.