# Flux Power Holdings, Inc. (FLUX) Q4 2025 Financial Results Summary
Vista, CA — Sep 16, 2025 — Flux Power Holdings, Inc. (NASDAQ: FLUX) reported its financial and operational results for the fourth quarter and fiscal year ending June 30, 2025.
## Fourth Quarter Highlights
– **Revenue:** Increased **25%** to **$16.7 million** from **$13.4 million** in Q4 2024.
– **Gross Profit:** Rose **61%** to **$5.8 million**, compared to **$3.6 million** in Q4 2024.
– **Gross Margin:** Improved by **760 basis points** to **34.5%**, up from **26.9%** in the prior year.
– **Operating Expenses:** Totaled **$6.5 million**, an increase from **$5.4 million** in Q4 2024.
– **Operating Loss:** Narrowed to **$0.8 million**, versus an operating loss of **$1.8 million** in Q4 2024.
– **Non-GAAP Operating Income:** Achieved **$0.4 million**, recovering from an operating loss of **$1.5 million** in the prior year.
– **Net Loss:** Improved to **$1.2 million** or **($0.07)** per share, compared to a net loss of **$2.2 million** or **($0.13)** per share in Q4 2024.
– **Non-GAAP Net Loss:** Reduced to **$0.03 million** or **($0.00)** per share, compared to a loss of **$1.9 million** or **($0.11)** per share in the previous year.
– **Adjusted EBITDA:** Increased to **$0.6 million** compared to a negative **$1.2 million** in Q4 2024.
## Full Year Fiscal 2025 Results
– **Revenue:** Rose **9%** to **$66.4 million** from **$60.8 million** in fiscal year 2024.
– **Gross Margin:** Increased **440 basis points** to **32.7%** from **28.3%** in fiscal year 2024.
– **Operating Expenses:** Totaled **$26.8 million**, up from **$23.8 million** in fiscal 2024, which includes **$2.9 million** for the restatement of previously issued financial statements.
– **Operating Loss:** Narrowed to **$5.0 million**, improving from **$6.6 million** in the prior year.
– **Non-GAAP Operating Loss:** Decreased to **$1.1 million** from an operating loss of **$5.0 million** in fiscal 2024.
– **Net Loss:** Improved to **$6.7 million** or **($0.40)** per share, versus a net loss of **$8.3 million** or **($0.50)** per share in the prior year.
– **Non-GAAP Net Loss:** At **$2.8 million** or **($0.17)** per share, down from **$6.8 million** or **($0.41)** per share in the previous year.
– **Adjusted EBITDA:** Recorded at a negative **$0.1 million**, an improvement from **($4.0 million)** in the prior year.
## Balance Sheet Overview
– **Cash:** As of June 30, 2025, cash stood at **$1.3 million** with an additional **$5 million** raised in a private placement shortly thereafter.
– **Current Assets:** Totaled **$31.8 million**, compared to **$28.3 million** a year earlier.
– **Total Assets:** Increased to **$34.8 million** from **$32.3 million** in the prior year.
– **Total Liabilities:** Rose to **$40.2 million**, compared to **$32.1 million** in the prior year.
– **Stockholders’ Equity:** Turned negative at **($5.4 million)**, down from **$194,000** in the previous year.
## Business Highlights
– **Major Purchase Orders Secured:**
– Over **$2 million** from a major North American airline for the G80-420 lithium-ion battery pack.
– An additional **$1.2 million** with another airline for G80 lithium-ion solutions and SkyEMS software.
– **Patent Award:** Granted a new patent covering battery charge balancing to enhance performance, battery life, and reduce downtime.
– **Recognitions:** Named among *Financial Times’* fastest-growing companies in the Americas for 2025.
– **Software Enhancements:** Released SkyEMS 2.0 software platform as a beta for airline customers, with a broader rollout planned.
## Dividends and Share Repurchases
– **Quarterly Dividend and Share Repurchase:** No quarterly dividend has been declared, and there are no share repurchases mentioned in the report.
## Conclusion
Flux Power’s Q4 and fiscal year 2025 results demonstrate substantial year-over-year growth in revenue and improved loss metrics, alongside strategic initiatives to secure notable purchase orders and expand software offerings. The company remains focused on operational efficiencies and navigating the current economic landscape to drive further growth.
Here are the extracted tables in HTML format:
### FLUX POWER HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
_(Amount in thousands)_
| Year ended June 30, | 2025 | 2024 |
|---|---|---|
| Revenues | $66,434 | $60,824 |
| Cost of sales | $44,694 | $43,591 |
| Gross profit | $21,740 | $17,233 |
| Operating expenses: | ||
| Selling and administrative | $22,304 | $18,932 |
| Research and development | $4,464 | $4,916 |
| Total operating expenses | $26,768 | $23,848 |
| Operating loss | $(5,028) | $(6,615) |
| Other income (expense): | ||
| Interest income (expense), net | $(1,646) | $(1,718) |
| Net loss | $(6,674) | $(8,333) |
| Net loss per share – basic and diluted | $(0.40) | $(0.50) |
| Weighted average number of common shares outstanding – basic and diluted | 16,717,761 | 16,548,533 |
### FLUX POWER HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS
_(Amount in thousands)_
| ASSETS | June 30, 2025 | June 30, 2024 |
|---|---|---|
| Current assets: | ||
| Cash | $1,334 | $643 |
| Accounts receivable, net of allowance for credit losses of $68,000 and $55,000 | $11,374 | $9,773 |
| Inventories, net | $17,231 | $16,977 |
| Other current assets | $1,865 | $945 |
| Total current assets | $31,804 | $28,338 |
| Right of use assets, net | $1,275 | $2,096 |
| Property, plant and equipment, net | $1,554 | $1,749 |
| Other assets | $119 | $118 |
| Total assets | $34,752 | $32,301 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $16,295 | $11,395 |
| Accrued expenses | $7,058 | $3,926 |
| Line of credit | $13,627 | $13,834 |
| Subordinated debt | $1,000 | $0 |
| Deferred revenue | $459 | $485 |
| Customer deposits | $38 | $18 |
| Finance leases payable, current portion | $80 | $156 |
| Office leases payable, current portion | $815 | $734 |
| Accrued interest | $246 | $126 |
| Total current liabilities | $39,618 | $30,674 |
| Long term liabilities: | ||
| Finance leases payable, less current portion | $32 | $112 |
| Office leases payable, less current portion | $506 | $1,321 |
| Total liabilities | $40,156 | $32,107 |
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding | $0 | $0 |
| Common stock, $0.001 par value; 75,000,000 and 30,000,000 authorized at June 30, 2025 and 2024, respectively; 16,835,698 and 16,682,465 shares issued and outstanding at June 30, 2025 and 2024, respectively | $17 | $17 |
| Additional paid-in capital | $100,965 | $99,889 |
| Accumulated deficit | $(106,386) | $(99,712) |
| Total stockholders’ equity (deficit) | $(5,404) | $194 |
| Total liabilities and stockholders’ equity (deficit) | $34,752 | $32,301 |
