Energy Focus, Inc.

EFOINASDAQConsumer Cyclical● Active

$3.66

+$0.08(+2.23%)

Market Cap$23070554

P/E Ratio—

52W High$9.84

52W Low$1.64

Avg Volume2.9M

Open$3.49

Beta2.14

Free Cash Flow Financials Revenue

Energy Focus, Inc. (EFOI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EFOI · free cash flow · updated Jun 8, 2026

Core FCF metrics

EFOI · FCF · TTM · margin & CAGR

Free cash flow was −$1.5M for FY2025 (fiscal year ending 2025-12-31), down 10.8% year-over-year The FCF margin was -41.0%.

FY2025 Free Cash Flow−$1.5M▼ -10.8% YoY

Trailing 12M (TTM)−$1.1Mtrailing 4 quarters sum

FCF Margin-41.0%−$1.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EFOI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$1.4M(0M)−$1.5M▼ 10.8%-41.0%

FY2024−$1.3M(0M)−$1.3M▲ +47.5%-27.1%

FY2023−$2.4M(0M)−$2.5M▲ +62.9%-43.9%

FY2022−$6.7M(0M)−$6.8M▲ +33.8%-113.2%

FY2021−$9.8M(0M)−$10.2M▼ 281.8%-103.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EFOI · P/FCF · FCF yield · FCF per share

Energy Focus, Inc. (EFOI) reported negative free cash flow of −$0.00B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

EFOI · cash flow statement · operating / investing / financing

For FY2025, Energy Focus, Inc. generated −$1.4M in operating cash flow and spent 0M in capital expenditures, yielding −$1.5M in free cash flow.

Operating Activities

−$1.4M

Cash from core business operations

2025-12-31

Investing Activities

−$0.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$1.4M) − |CapEx| (0M) = FCF (−$1.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

EFOI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Energy Focus, Inc.YOU

EFOI

−$1.5M-10.8%-41.0%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Energy Focus, Inc. (EFOI) reported free cash flow of −$1.5M for FY2025 (fiscal year ending 2025-12-31), down 10.8% year-over-year. The FCF margin was -41.0%.

Based on available data, Energy Focus, Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $2.2M in FY2015.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EFOI free cash flow · 8 questions

Energy Focus, Inc. free cash flow was −$1.5M for FY2025, down 10.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.1M.

EFOI free cash flowEFOI FCFEFOI FCF 2025EFOI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Energy Focus, Inc. · Energy Focus, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026