FLUX
Flux Power Holdings, Inc.
Next earnings Sep 14, 2026 (after close) · consensus $-0.11 EPS, $8.09M rev
Last earnings -2.3% on 2026-05-07
$0.90
▲ +13.39%$0.90▼ -38.46%
over 1Y
L $0.78H $6.66
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+13.4%
1W+14.6%
1M-15.2%
3M-19.8%
YTD-36.7%
1Y-38.5%
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Buy
Negative equity, $1.3M cash and a backlog collapsing from $17M to $7.5M — cheap for a reason; not investable now.
Stockholders' equity -$5.40M · FY2025
Flux Power sells lithium-ion packs for forklifts and airport ground-support equipment, and after five straight years of losses (FY21–FY25: -$12.8M, -$16.5M, -$7.7M, -$8.3M, -$6.7M) the story is 'less bad,' not good. Gross profit did grow +26.2% to $21.7M and gross margin reached 32.7%, and FY2025 operating cash flow turned modestly positive at $610K. But revenue has essentially flatlined — $66.5M (FY23) → $60.8M (FY24) → $66.4M (FY25) — so the headline +9.2% growth is really a recovery back to a two-year-old level, not durable expansion.
The balance sheet is the disqualifier. Stockholders' equity is NEGATIVE -$5.40M, total liabilities ($40.2M) exceed total assets ($34.8M), and current liabilities ($39.6M) outrun current assets ($31.8M) by ~$7.8M — negative working capital. Cash is just $1.33M against a company burning at the operating line (operating income -$5.03M). A micro-cap with negative equity, near-zero cash and negative working capital is one bad quarter or covenant trip from a dilutive raise or worse; with only 16.8M shares out, any rescue financing at $0.90 would be severely dilutive.
Is FLUX a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $26.3M | $42.3M | $66.5M | $60.8M | $66.4M |
| Gross profit | $5.79M | $5.61M | $15.9M | $17.2M | $21.7M |
| Operating income | -$13.5M | -$16.2M | -$6.41M | -$6.62M | -$5.03M |
| Net income | -$12.8M | -$16.5M | -$7.74M | -$8.33M | -$6.67M |
| Diluted EPS | — | -$1.07 | -$0.48 | -$0.50 | -$0.40 |
| Net margin | -48.7% | -38.9% | -11.6% | -13.7% | -10.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$19.9M
EV / EBITDA—
EV / Sales0.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-34.8%
FCF yield-0.2%
Quality & risk
ROIC (est.)—
Free cash flow-$43.0K
Total debt$2.06M
Net cash-$723K
Altman Z-Score1.63 distress
Piotroski F-Score5/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+2.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- S-1 Securities registration2026-05-22
S-1: registered shares for resale — dilution overhang from recent raise
- 8-K Material agreement2026-05-18
Signed new financing pact & sold unregistered shares — dilutive capital raise
- 8-K Earnings results2026-05-07
Q3 FY2026: negative equity & going-concern risk persist despite revenue
- 10-Q Quarterly report2026-05-07
Q3 FY2026: negative equity & going-concern risk persist despite revenue
- 8-K Other event2026-04-03
Disclosed other material event (Item 8.01), likely class-action settlement update
- 8-K Shareholder vote2026-03-27
Reported shareholder voting results from annual meeting
- 8-K Earnings results2026-02-12
Q2 FY2026: order deferrals pressure sales; equity remains negative
- 10-Q Quarterly report2026-02-12
Q2 FY2026: order deferrals pressure sales; equity remains negative
- DEF 14A Proxy statement2026-02-10
DEF 14A: filed proxy for shareholder meeting
Recent filings
all on EDGAR ↗144Filing2026-07-02open ↗EFFECTFiling2026-06-04open ↗424B3Filing2026-06-04open ↗4Period ending 2025-05-282026-06-01open ↗4Period ending 2025-05-282026-06-01open ↗4Period ending 2025-05-282026-06-01open ↗4Period ending 2025-05-282026-06-01open ↗DFiling2026-05-22open ↗S-1Filing2026-05-22open ↗424B3Filing2026-05-18open ↗8-KPeriod ending 2026-05-152026-05-18open ↗424B3Filing2026-05-07open ↗
Frequently asked
- Is Flux Power Holdings, Inc. (FLUX) a buy?
- FLUX currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Negative equity, $1.3M cash and a backlog collapsing from $17M to $7.5M — cheap for a reason; not investable now.
- What is Flux Power Holdings, Inc.'s quality score?
- FLUX scores 47.12880366883868/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001083743, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 7/4/2026, 4:54:42 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 12:54 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
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