| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 13.18 | 18.3% |
| Total Income | 13.18 | 18.3% |
| Expenditure | 15.35 | 11.5% |
| PBT | — | |
| Net Profit | -2.56 | 53.3% |
| OPM | -16.53% | 9.01pp |
| NPM | -19.45% | 9.10pp |
| EPS | -0.15 | 50.0% |
Flux Power Reports Q1 FY26 Revenue of $13.2 Million
04 May 2026 · 4 May, 7:17 am
Summary
Flux Power Holdings, Inc. reported a revenue of $13.2 million for the first fiscal quarter of 2026, a decrease from $16.1 million in the same quarter of the previous year. Gross profit also decreased to $3.8 million, or 28.6% of revenue, compared to $5.2 million, or 32.4% of revenue, in the prior year. The company experienced an operating loss of $2.2 million, which is higher than the $1.2 million loss in the first quarter of 2025. Despite the revenue dip, Flux Power strengthened its financial position by raising $13.8 million in new capital and is focused on achieving sustained profitability.
Key Highlights
- 1
Flux Power reported first quarter revenue of $13.2 million, compared to $16.1 million in the first fiscal quarter of 2025.
- 2
Gross profit for the first fiscal quarter of 2026 was $3.8 million, representing 28.6% of revenue, compared to $5.2 million, or 32.4% of revenue, in the first fiscal quarter of 2025.
- 3
The company received $2.4 million in repeat orders from a leading global food and beverage distribution company and a global industrial equipment manufacturer.
- 4
Flux Power secured a large order with another major airline customer, doubling the number of North American airlines served to eight from last year.
- 5
The company raised $13.8 million in new capital, net of fees and underwriters’ discount.
- 6
The operating loss for the first quarter was $2.2 million, compared to a loss of $1.2 million in the prior year quarter.
Management Comments
Krishna Vanka
“First quarter revenue reflected a temporary pause in customer orders due to the uncertainty surrounding the tariff situation and overall near-term caution on the macroeconomic environment,” said Krishna Vanka, Flux Power’s CEO. “That said, we have begun to see order activity materially rebound in the second quarter, highlighted by multi-million-dollar orders from significant material handling customers and a more recent large order from a major new airline customer. Flux Power now supplies eight major North American airline carriers. We also continue to receive strong interest in our SkyEMS SaaS software platform with the recent production release of version 2.0 to a growing number of paying customers. “Additionally, we further strengthened our financial position and balance sheet through a recent public equity offering and a prior private placement during the quarter, which collectively raised $13.8 million in proceeds net of underwriter’s discount and offering related expenses. This additional capital will be used for working capital purposes, allowing us the flexibility to more rapidly execute on our operating, sales and product development initiatives as we pursue our ultimate goal of delivering sustained profitability in the quarters ahead. Our strong portfolio of advanced mobile energy storage products combined with our integrated software solutions provide Flux Power significantly expanded market opportunities with both new and existing customers that will be key to driving our future growth and expansion.”
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