Flux Power (FLUX)
Market Price (9/26/2026): $0.4621 | Market Cap: $9.9 MilSector: Industrials | Industry: Electrical Components & Equipment
Flux Power (FLUX)
Market Price (9/26/2026): $0.4621Market Cap: $9.9 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -48% Megatrend and thematic driversMegatrends include Automation & Robotics, Battery Technology & Metals, and Electrification of Everything. Themes include Process / Warehouse Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -120%, 3Y Excs Rtn is -165% | Penny stockMkt Price is 0.5 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -51% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -80% High stock price volatilityVol 12M is 118% Key risksFLUX key risks include [1] significant financial instability, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -48% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Battery Technology & Metals, and Electrification of Everything. Themes include Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -120%, 3Y Excs Rtn is -165% |
| Penny stockMkt Price is 0.5 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -51% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -80% |
| High stock price volatilityVol 12M is 118% |
| Key risksFLUX key risks include [1] significant financial instability, Show more. |
Qualitative Assessment
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Flux Power (FLUX) stock has lost about 55% since 5/31/2026 because of the following key factors:
1. Significant Revenue Decline and Widening Losses in Fiscal Year 2026. Flux Power (FLUX) experienced a substantial downturn in its financial performance, with full fiscal year 2026 revenue decreasing by 36.58% to $42.1 million from $66.4 million in fiscal year 2025. Quarterly results further reflected this, as revenue for fiscal Q3 2026 was $6.6 million, down from $16.7 million in fiscal Q3 2025, and fiscal Q4 2026 revenue was $8.2 million, also down from $16.7 million in fiscal Q4 2025. The company reported a net loss of $7.4 million for fiscal year 2026, an 11.6% increase from the prior fiscal year. The non-GAAP net loss for fiscal year 2026 also widened to $6.5 million, or $0.33 per share, compared to a net loss of $2.8 million, or $0.17 per share, in fiscal year 2025. This poor financial performance led to a 27.0% decline in FLUX shares the day following the fiscal Q4 2026 earnings announcement on August 20, 2026.
2. Weak Forward Guidance and Cash Position. Management provided a cautious outlook, projecting fiscal Q1 2027 revenue to range between $6 million and $7 million, along with expectations of potentially weakening gross margins before a projected rebound in fiscal Q2 2027. The company's cash and cash equivalents further deteriorated, ending fiscal Q4 2026 at $0.3 million, a decrease from $0.4 million in the prior quarter.
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Flux Power (FLUX) stock has lost about 55% since 5/31/2026 because of the following key factors:
1. Significant Revenue Decline and Widening Losses in Fiscal Year 2026. Flux Power (FLUX) experienced a substantial downturn in its financial performance, with full fiscal year 2026 revenue decreasing by 36.58% to $42.1 million from $66.4 million in fiscal year 2025. Quarterly results further reflected this, as revenue for fiscal Q3 2026 was $6.6 million, down from $16.7 million in fiscal Q3 2025, and fiscal Q4 2026 revenue was $8.2 million, also down from $16.7 million in fiscal Q4 2025. The company reported a net loss of $7.4 million for fiscal year 2026, an 11.6% increase from the prior fiscal year. The non-GAAP net loss for fiscal year 2026 also widened to $6.5 million, or $0.33 per share, compared to a net loss of $2.8 million, or $0.17 per share, in fiscal year 2025. This poor financial performance led to a 27.0% decline in FLUX shares the day following the fiscal Q4 2026 earnings announcement on August 20, 2026.
2. Weak Forward Guidance and Cash Position. Management provided a cautious outlook, projecting fiscal Q1 2027 revenue to range between $6 million and $7 million, along with expectations of potentially weakening gross margins before a projected rebound in fiscal Q2 2027. The company's cash and cash equivalents further deteriorated, ending fiscal Q4 2026 at $0.3 million, a decrease from $0.4 million in the prior quarter.
3. Potential for Significant Share Dilution. Flux Power filed a prospectus supplement on September 11, 2026, authorizing the potential resale of up to 38,461,538 common shares to Roth Principal Investments. This authorization, stemming from a Common Stock Purchase Agreement dated May 15, 2026, introduces the possibility of substantial dilution for existing shareholders.
4. Broader Industry Headwinds and Leadership Change. The U.S. energy storage market faced challenges, with a 7% year-over-year decline in installed power capacity in calendar Q2 2026, and residential installations are forecast to decrease by 4% in calendar year 2026. Industry-wide installations are predicted to stagnate in calendar years 2026 and 2027 due to shifting supply chain dynamics, impacting companies like Flux Power. This difficult environment was further evidenced by a related company, Fluence Energy, which experienced significant analyst downgrades and a 54% year-to-date stock decline by September 2026, citing guidance reductions and U.S. production delays. Adding to company-specific concerns, Chief Operating Officer Jeff Mason resigned on September 8, 2026, with his departure effective September 25, 2026.
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Stock Movement Drivers
Fundamental Drivers
The -57.2% change in FLUX stock from 5/31/2026 to 9/25/2026 was primarily driven by a -48.3% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.08 | 0.46 | -57.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 42 | -16.8% |
| P/S Multiple | 0.5 | 0.2 | -48.3% |
| Shares Outstanding (Mil) | 21 | 21 | -0.4% |
| Cumulative Contribution | -57.2% |
Market Drivers
5/31/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| FLUX | -57.2% | |
| Market (SPY) | 2.2% | 19.9% |
| Sector (XLI) | -1.3% | 16.5% |
Fundamental Drivers
The -68.7% change in FLUX stock from 2/28/2026 to 9/25/2026 was primarily driven by a -50.9% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.48 | 0.46 | -68.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 61 | 42 | -30.7% |
| P/S Multiple | 0.5 | 0.2 | -50.9% |
| Shares Outstanding (Mil) | 20 | 21 | -8.2% |
| Cumulative Contribution | -68.7% |
Market Drivers
2/28/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| FLUX | -68.7% | |
| Market (SPY) | 13.0% | 25.7% |
| Sector (XLI) | -3.3% | 22.1% |
Fundamental Drivers
The -69.6% change in FLUX stock from 8/31/2025 to 9/25/2026 was primarily driven by a -41.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.52 | 0.46 | -69.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 63 | 42 | -33.2% |
| P/S Multiple | 0.4 | 0.2 | -41.5% |
| Shares Outstanding (Mil) | 17 | 21 | -22.2% |
| Cumulative Contribution | -69.6% |
Market Drivers
8/31/2025 to 9/25/2026| Return | Correlation | |
|---|---|---|
| FLUX | -69.6% | |
| Market (SPY) | 20.9% | 22.5% |
| Sector (XLI) | 13.6% | 19.8% |
Fundamental Drivers
The -90.0% change in FLUX stock from 8/31/2023 to 9/25/2026 was primarily driven by a -79.2% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.61 | 0.46 | -90.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 65 | 42 | -35.5% |
| P/S Multiple | 1.1 | 0.2 | -79.2% |
| Shares Outstanding (Mil) | 16 | 21 | -25.1% |
| Cumulative Contribution | -90.0% |
Market Drivers
8/31/2023 to 9/25/2026| Return | Correlation | |
|---|---|---|
| FLUX | -90.0% | |
| Market (SPY) | 77.8% | 20.9% |
| Sector (XLI) | 64.4% | 20.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLUX Return | -75% | -7% | 4% | -62% | -20% | -64% | -97% |
| Peers Return | -19% | -30% | -11% | -9% | -5% | -24% | -67% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| FLUX Win Rate | 25% | 50% | 50% | 42% | 33% | 44% | |
| Peers Win Rate | 49% | 42% | 42% | 30% | 50% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| FLUX Max Drawdown | -80% | -56% | -57% | -72% | -81% | -72% | |
| Peers Max Drawdown | -58% | -57% | -62% | -59% | -61% | -57% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, MVST, DFLI, ULBI, PLUG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | FLUX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -14.8% | -18.8% |
| % Gain to Breakeven | 17.4% | 23.1% |
| Time to Breakeven | 7 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -12.0% | -7.8% |
| % Gain to Breakeven | 13.7% | 8.5% |
| Time to Breakeven | 410 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.3% | -9.5% |
| % Gain to Breakeven | 59.5% | 10.5% |
| Time to Breakeven | 21 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -54.2% | -24.5% |
| % Gain to Breakeven | 118.5% | 32.4% |
| Time to Breakeven | 242 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.7% | -33.7% |
| % Gain to Breakeven | 50.8% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -91.0% | -0.2% |
| % Gain to Breakeven | 1011.1% | 0.2% |
| Time to Breakeven | 1569 days | 1 days |
In The Past
Flux Power's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | FLUX | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.3% | -9.5% |
| % Gain to Breakeven | 59.5% | 10.5% |
| Time to Breakeven | 21 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -54.2% | -24.5% |
| % Gain to Breakeven | 118.5% | 32.4% |
| Time to Breakeven | 242 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.7% | -33.7% |
| % Gain to Breakeven | 50.8% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -91.0% | -0.2% |
| % Gain to Breakeven | 1011.1% | 0.2% |
| Time to Breakeven | 1569 days | 1 days |
In The Past
Flux Power's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Flux Power (FLUX)
Flux Power Holdings, Inc. (FLUX) specializes in the design, development, manufacturing, and sale of advanced lithium-ion energy storage solutions. The company's core product offerings include lithium-ion battery packs specifically engineered for industrial and commercial applications. A key component of these solutions is their sophisticated Battery Management System (BMS), which handles essential functions like cell balancing, charging, discharging, monitoring, and communication between the battery pack and the powered equipment.
Beyond its primary battery packs, Flux Power also provides integrated charging solutions, such as 24-volt onboard chargers for its Class 3 Walkie LiFT packs and smart wall-mounted chargers designed to interface with their BMS. The company primarily serves markets in the United States, focusing on applications such as lift trucks, airport ground support equipment, and various other industrial and commercial sectors. Flux Power reaches its customers through a multi-channel approach, selling directly to small companies and end-users, as well as through original equipment manufacturers (OEMs), lift equipment dealers, and battery distributors.
```AI Analysis | Feedback
Here are a few brief analogies for Flux Power:
The **LG Chem or Panasonic for industrial equipment batteries**, specializing in lithium-ion power solutions for forklifts and airport ground support.
Like a **'Tesla Powerwall' designed specifically for forklifts and airport ground support equipment**, providing integrated lithium-ion battery systems and smart chargers.
The **'Cummins of industrial electric power'**, supplying specialized lithium-ion battery systems and management solutions for forklifts and other heavy-duty industrial equipment.
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- Lithium-ion Energy Storage Solutions: These are complete battery packs designed for industrial and commercial applications such as lift trucks and airport ground support equipment.
- Battery Management Systems (BMS): An integral part of their battery solutions, providing cell balancing, charging, discharging, monitoring, and communication.
- 24-volt Onboard Chargers: Chargers specifically designed to be built into their Class 3 Walkie LiFT battery packs.
- Smart Wall Mounted Chargers: External chargers designed to interface with their battery management systems.
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Flux Power (symbol: FLUX) sells primarily to other companies within the industrial and commercial sectors. While the company does not publicly disclose the specific names of its individual major customers due to confidentiality and competitive reasons, it serves customers that fall into the following categories:
- Lift Equipment Dealers: Companies that sell new and used lift trucks and other material handling equipment. These dealers purchase Flux Power batteries to integrate into equipment or offer as aftermarket solutions to their own customers.
- Original Equipment Manufacturers (OEMs): Companies that produce lift trucks, airport ground support equipment, and other industrial vehicles. Flux Power works with these manufacturers to design and supply integrated lithium-ion battery solutions for their products.
- Battery Distributors: Companies that specialize in distributing batteries to a wide range of businesses and industries.
- End-Users (Direct Sales): Primarily companies (including "small companies" as mentioned in the background) that operate fleets of material handling equipment or ground support equipment and purchase Flux Power batteries directly to power their operations. These are businesses, not individual consumers.
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Krishna Vanka, Chief Executive Officer, President, and Director
Krishna Vanka was appointed CEO and President of Flux Power in March 2025. He has over 18 years of experience in building, scaling, managing, and transforming technology companies, focusing on renewable energy, electric vehicle charging, internet of things (IoT), fleet and asset management, and telematics. Most recently, he served as CEO of Fluence Digital, a division of Fluence Energy (a Nasdaq-listed global leader in energy storage), where he was responsible for driving scalable growth and operational excellence for their recurring revenue businesses, including battery energy storage solutions (BESS). Vanka also held leadership roles at InCharge Energy, a high-growth firm specializing in EV fleet charging solutions, MyShoperoo, Inc., and Telogis, Inc., a SaaS platform for managing mobile resources that was later acquired by Verizon. His placement at Flux Power was supported by Falcon Partners, an executive search firm serving private equity sponsors and their portfolio companies, indicating a pattern of managing or being placed within companies connected to private equity.
Kevin Royal, Chief Financial Officer and Corporate Secretary
Kevin Royal was appointed Chief Financial Officer and Corporate Secretary of Flux Power, effective March 4, 2024. He brings over 20 years of experience as a Chief Financial Officer for four publicly traded companies, overseeing finance, accounting, IT, human resources, legal, investor relations, and mergers and acquisitions. Prior to joining Flux Power, Royal was Executive Vice President and CFO for Zovio Inc. (formerly Bridgepoint Education). He also served as Senior Vice President and CFO of Maxwell Technologies, a publicly traded developer and manufacturer of energy storage and power delivery products, where he implemented product cost reduction and pricing controls that increased gross profit margins. His background also includes CFO roles at Blue Coat Systems and Novellus Systems. Royal is a Certified Public Accountant (CPA).
Kelly Frey, Chief Revenue Officer
Kelly Frey serves as Flux Power's Chief Revenue Officer. She was named to this position around March 2025.
Jeff Mason, Chief Operating Officer
Jeff Mason is the Chief Operating Officer at Flux Power. He is an experienced leader in manufacturing operations, having solved complex technological challenges across the aerospace, electronics, industrial, and medical industries with companies such as Motorola, Sumitomo, and NEOTech.
Mark Barmettler, VP of Engineering
Mark Barmettler holds the position of Vice President of Engineering at Flux Power.
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Here are the key risks to Flux Power (FLUX):
- Financial Instability and Going Concern Issues: Flux Power has a history of financial losses and negative working capital, leading to substantial doubt about its ability to continue as a going concern. The company has faced challenges in achieving profitability and has been out of compliance with Nasdaq's minimum stockholders' equity requirement, necessitating further capital raises that could result in shareholder dilution.
- Accounting Issues and Legal/Regulatory Scrutiny: The company has admitted to restating multiple years of financial statements due to pervasive accounting errors, which resulted in a class-action lawsuit alleging financial misrepresentations. This has led to increased expenses for accounting, legal, and consultancy services, and there is a possibility of further costs due to a potential SEC investigation and ongoing litigation. These issues also contributed to non-compliance with Nasdaq listing rules.
- Market Headwinds, Competition, and Supply Chain Fragility: Economic uncertainties are causing large customers to delay purchase decisions for industrial equipment, leading to declining order backlogs for Flux Power's products. The company also faces competition in the lithium-ion battery market for industrial applications. Furthermore, its ability to obtain raw materials and other supplies at competitive prices and on a timely basis, as well as the impact of global tariffs, remains a risk to its operations.
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Flux Power (NASDAQ: FLUX) operates in the addressable markets for lithium-ion energy storage solutions across several industrial and commercial applications.
Lithium-ion Energy Storage Solutions for Lift Trucks (Forklifts)
The global market for lithium-ion battery forklifts was valued at approximately USD 6.57 billion in 2025 and is projected to reach USD 11.26 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.0% from 2026 to 2032. Lithium-ion batteries held a significant 47.4% share of the overall forklift battery market in 2024. In the United States, the broader forklift battery market (encompassing all battery types) was valued at USD 810.5 million in 2020 and is anticipated to reach USD 1.78 billion by 2030, with a CAGR of 8.5% from 2021 to 2030.
Lithium-ion Energy Storage Solutions for Airport Ground Support Equipment (GSE)
The Total Addressable Market (TAM) for U.S. Ground Support Equipment (GSE) that Flux Power targets was estimated at USD 7.1 billion in 2025 and is projected to grow to USD 10.0 billion by 2033. Globally, the electrical ground support equipment (eGSE) market, which utilizes lithium-ion solutions, is expected to grow from USD 7.43 billion in 2025 to USD 10.08 billion by 2031 at a CAGR of 5.22%. North America holds a dominant position in the ground support equipment market, with a valuation of USD 2.9 billion in 2025 and USD 3.09 billion in 2026.
Lithium-ion Energy Storage Solutions for Other Industrial and Commercial Applications
The global industrial lithium-ion battery market was estimated at USD 4.8 billion in 2024 and is projected to grow at a CAGR of 11.9% from 2025 to 2034. Another estimate places the global industrial batteries market (which includes lithium-ion) at USD 68.99 billion in 2025, with a forecast to reach approximately USD 621.02 billion by 2035, demonstrating a substantial CAGR of 24.58% from 2026. For the U.S. specifically, the industrial lithium-ion battery market exceeded USD 1.6 billion in 2024. The broader U.S. lithium-ion battery market (including automotive, industrial, consumer electronics, and energy storage systems) reached USD 15.6 billion in 2025 and is expected to grow to USD 38.3 billion by 2034, with a CAGR of 10.55% from 2026 to 2034.
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Here are 3-5 expected drivers of future revenue growth for Flux Power (FLUX) over the next 2-3 years:
- Growing Demand in Material Handling and Ground Support Equipment (GSE) Markets: Flux Power anticipates continued revenue growth driven by higher demand in the material handling and ground support equipment markets. The industry is experiencing a significant shift from internal combustion engines and traditional lead-acid batteries to lithium-ion solutions, with corporations in warehousing, e-commerce, automotive, and food & beverage leading this transition.
- Expansion of Solution Selling Approach and Customer Acquisition: The company is focused on implementing a "solution selling" approach, working with partners and Original Equipment Manufacturers (OEMs) to provide customers with custom energy systems and software solutions. This strategy includes expanding sales leadership in material handling to drive customer acquisition.
- Development of Software and Recurring Revenue Streams: A key growth driver is the integration of value-added software across Flux Power's battery portfolio to generate recurring revenue. The launch of the SkyEMS 2.0 SaaS platform, featuring advanced telematics and AI capabilities, is designed to make batteries intelligent, connected, and remotely manageable, shifting the business model towards high-margin recurring software revenue.
- Product Innovation and Strategic Product Development: Flux Power aims to accelerate growth by focusing on building the right products for customer needs through continuous product innovation. This includes developing proprietary technologies, such as patents for continuous battery State of Health (SoH) monitoring for their Battery Management System (BMS), and utilizing a modular design approach to meet diverse customer demands efficiently.
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Share Issuance
- In October 2025, Flux Power announced the pricing of a public offering of 3,840,000 shares of common stock at $2.50 per share, aiming to raise approximately $9.6 million in gross proceeds.
- In October 2025, Flux Power Holdings, Inc. filed a Follow-on Equity Offering for $12 million.
- In August 2020, Flux Power priced a $10.8 million underwritten public offering of 2,695,000 shares of common stock at $4.00 per share, with net proceeds intended for working capital and general corporate purposes.
Capital Expenditures
- Flux Power utilized capital raises totaling $13.8 million (net proceeds) in Q1 FY2026 (period ending September 30, 2025) for working capital and to accelerate product redesigns aimed at improving margins.
- The company has focused on initiatives to develop new products and expand software offerings, including the introduction of a next-generation telematics hardware device called SkyLNK and a new mobile user interface for SkyEMS.
- Flux Power has made investments to maintain a leadership position by enhancing product offerings, such as integrating AI-enabled software and securing patents for technology like its State of Health.
Peer Outperformance in Electrical Components & Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 5.3% | 114.4% | 187.9% | FIX 2246% · STRL 2244% · CDNL 2055% |
| Marine Transportation | 9 | 71.9% | 99.5% | 155.8% | HOS 43005% · ASC 510% · MATX 195% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.9% | 48.2% | 127.1% | CAT 355% · ALSN 248% · WAB 232% |
| Aerospace & Defense | 55 | -7.1% | 70.7% | 80.5% | ATI 1004% · FTAI 866% · HWM 648% |
| Trading Companies & Distributors | 19 | 6.2% | 40.1% | 50.9% | DXPE 561% · AIT 293% · WCC 223% |
| Rail Transportation | 7 | 20.5% | 59.3% | 50.4% | FSTR 146% · CSX 65% · RAIL 64% |
| Industrial Machinery & Supplies & Components | 72 | 12.5% | 54.9% | 45.2% | CRS 1186% · PSIX 1112% · EROC 624% |
| Diversified Support Services | 33 | 16.3% | 35.4% | 35.1% | LIME 3297% · TH 424% · WLFC 353% |
| Electrical Components & Equipment ← | 41 | 4.2% | 59.4% | 26.5% | POWL 2358% · BE 1418% · VRT 968% |
| Cargo Ground Transportation | 16 | 33.9% | 0.1% | 25.6% | XPO 233% · R 223% · CVLG 140% |
| Building Products | 34 | -11.3% | 4.9% | 18.6% | LMB 628% · GFF 404% · PPIH 307% |
| Passenger Ground Transportation | 3 | -31.1% | 49.8% | 2.1% | UBER 49% · CAR 2% · LYFT -73% |
| Agricultural & Farm Machinery | 17 | 5.2% | 2.8% | -4.5% | BLBD 187% · DE 111% · GENC 57% |
| Industrial Conglomerates | 17 | 9.6% | 5.8% | -5.2% | RCMT 426% · CSW 142% · DD 77% |
| Environmental & Facilities Services | 30 | -12.2% | 27.2% | -10.3% | CECO 958% · ADUR 427% · GEO 342% |
| Research & Consulting Services | 13 | -16.4% | -26.1% | -15.7% | HURN 206% · CRAI 78% · GRNQ 76% |
| Data Processing & Outsourced Services | 6 | -33.8% | -15.5% | -29.7% | EXLS 40% · BR 6% · G -27% |
| Passenger Airlines | 11 | 18.4% | 21.7% | -32.7% | LTM 2685% · UAL 134% · SKYW 104% |
| Office Services & Supplies | 9 | 17.1% | 18.9% | -33.6% | PBI 169% · TILE 146% · HNI 51% |
| Human Resource & Employment Services | 21 | 3.6% | -19.2% | -38.2% | BBSI 68% · ADP 46% · HQI 8% |
| Air Freight & Logistics | 12 | -18.8% | -21.4% | -39.9% | CHRW 87% · FDX 74% · EXPD 59% |
| Security & Alarm Services | 10 | -23.4% | 22.5% | -43.6% | CIX 155% · MG 120% · BCO 75% |
| Airport Services | 3 | -74.5% | -77.7% | -63.3% | JOBY -39% · ASLE -63% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Flux Power Earnings Notes | 12/16/2025 | |
| Day 7 of Loss Streak for Flux Power Stock with -64% Return (vs. 50% YTD) [10/31/2025] | 11/01/2025 | |
| null | 10/17/2025 | |
| Day 6 of Gains Streak for Flux Power Stock with 113% Return (vs. 99% YTD) [9/16/2025] | 09/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.45 |
| Mkt Cap | 0.2 |
| Rev LTM | 277 |
| Op Inc LTM | -13 |
| FCF LTM | -18 |
| FCF 3Y Avg | -13 |
| CFO LTM | -4 |
| CFO 3Y Avg | 0 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.6% |
| Rev Chg 3Y Avg | -1.8% |
| Rev Chg Q | -2.9% |
| QoQ Delta Rev Chg LTM | -0.7% |
| Op Inc Chg LTM | -8.9% |
| Op Inc Chg 3Y Avg | 12.2% |
| Op Mgn LTM | -12.4% |
| Op Mgn 3Y Avg | -9.7% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | -7.3% |
| CFO/Rev 3Y Avg | -3.3% |
| FCF/Rev LTM | -11.8% |
| FCF/Rev 3Y Avg | -11.1% |
Price Behavior
| Market Price | $0.46 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/15/2012 | |
| Distance from 52W High | -93.1% | |
| 50 Days | 200 Days | |
| DMA Price | $0.58 | $1.06 |
| DMA Trend | down | down |
| Distance from DMA | -20.9% | -56.2% |
| 3M | 1YR | |
| Volatility | 110.5% | 118.5% |
| Downside Capture | 240.33 | 363.13 |
| Upside Capture | -72.27 | 68.95 |
| Correlation (SPY) | 14.2% | 25.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.80 | 0.62 | 1.33 | 1.60 | 2.29 | 1.43 |
| Up Beta | 5.93 | 4.74 | 3.61 | 2.49 | 2.07 | 1.59 |
| Down Beta | -27.07 | -0.36 | 1.85 | 2.11 | 3.48 | 1.40 |
| Up Capture | -303% | -220% | -96% | -10% | 107% | 46% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 17 | 27 | 54 | 114 | 331 |
| Down Capture | -1002% | 161% | 175% | 191% | 172% | 111% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 25 | 37 | 70 | 129 | 391 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLUX | |
|---|---|---|---|---|
| FLUX | -86.1% | 118.3% | -1.09 | - |
| Sector ETF (XLI) | 13.0% | 17.2% | 0.54 | 23.7% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 25.4% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 16.3% |
| Commodities (DBC) | 46.8% | 20.7% | 1.75 | -1.8% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 2.3% |
| Bitcoin (BTCUSD) | -25.5% | 44.8% | -0.53 | 20.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLUX | |
|---|---|---|---|---|
| FLUX | -44.1% | 94.3% | -0.19 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 25.6% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 26.5% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 8.1% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 3.3% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 16.5% |
| Bitcoin (BTCUSD) | 12.3% | 52.6% | 0.41 | 13.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLUX | |
|---|---|---|---|---|
| FLUX | -22.8% | 102.9% | 0.09 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 21.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 23.0% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 9.0% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 4.5% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 14.2% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 12.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/20/2026 | -27.0% | -22.1% | -34.0% |
| 5/7/2026 | -20.8% | -20.0% | -23.1% |
| 2/12/2026 | -18.3% | 19.8% | 2.4% |
| 11/13/2025 | -16.4% | -28.2% | -35.0% |
| 9/16/2025 | -11.7% | -9.8% | 102.2% |
| 5/8/2025 | -4.1% | -3.6% | -18.8% |
| 3/20/2025 | 20.0% | 24.9% | -11.4% |
| 1/30/2025 | 7.8% | 4.2% | -22.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 9 |
| # Negative | 13 | 12 | 14 |
| Median Positive | 9.5% | 10.1% | 16.6% |
| Median Negative | -16.4% | -21.1% | -24.1% |
| Max Positive | 20.0% | 44.2% | 102.2% |
| Max Negative | -27.0% | -33.6% | -42.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/20/2026 | -27.0% | -22.1% | -34.0% |
| 5/7/2026 | -20.8% | -20.0% | -23.1% |
| 2/12/2026 | -18.3% | 19.8% | 2.4% |
| 11/13/2025 | -16.4% | -28.2% | -35.0% |
| 9/16/2025 | -11.7% | -9.8% | 102.2% |
| 5/8/2025 | -4.1% | -3.6% | -18.8% |
| 3/20/2025 | 20.0% | 24.9% | -11.4% |
| 1/30/2025 | 7.8% | 4.2% | -22.3% |
| 5/9/2024 | -25.3% | -27.3% | -37.3% |
| 2/8/2024 | 9.9% | 44.2% | 7.5% |
| 11/9/2023 | 4.7% | 3.0% | -4.4% |
| 9/21/2023 | -17.6% | -26.7% | -37.2% |
| 5/11/2023 | -11.5% | -1.2% | 3.2% |
| 2/9/2023 | 9.0% | 10.0% | -9.2% |
| 11/10/2022 | 14.0% | 16.2% | 26.3% |
| 9/22/2022 | 4.9% | 3.0% | 16.6% |
| 5/12/2022 | 10.0% | 2.4% | 4.3% |
| 2/10/2022 | -13.8% | -22.2% | -42.4% |
| 11/12/2021 | 1.5% | -14.6% | -23.8% |
| 9/23/2021 | -21.9% | -33.6% | -24.3% |
| 5/13/2021 | 16.4% | 35.8% | 46.3% |
| 2/11/2021 | -2.2% | -10.9% | -29.7% |
| 11/12/2020 | -5.3% | 10.1% | 21.6% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 9 |
| # Negative | 13 | 12 | 14 |
| Median Positive | 9.5% | 10.1% | 16.6% |
| Median Negative | -16.4% | -21.1% | -24.1% |
| Max Positive | 20.0% | 44.2% | 102.2% |
| Max Negative | -27.0% | -33.6% | -42.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/20/2026 | 10-K |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 09/17/2025 | 10-K |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-Q |
| 09/30/2024 | 03/20/2025 | 10-Q |
| 06/30/2024 | 01/29/2025 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 09/21/2023 | 10-K |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/20/2026 | 10-K |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 09/17/2025 | 10-K |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-Q |
| 09/30/2024 | 03/20/2025 | 10-Q |
| 06/30/2024 | 01/29/2025 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 09/21/2023 | 10-K |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/10/2022 | 10-Q |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 09/27/2021 | 10-K |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 02/11/2021 | 10-Q |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 09/28/2020 | 10-K |
| 03/31/2020 | 05/12/2020 | 10-Q |
| 12/31/2019 | 02/11/2020 | 10-Q |
| 09/30/2019 | 11/12/2019 | 10-Q |
Insider Activity
Updated 7/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vanka, Krishna C | CEO and President | Direct | Sell | 7062026 | 0.87 | 20,633 | 17,893 | 17,359 | Form |
| 2 | Johnson, Michael | Esenjay Investments, L.L.C. | Sell | 3182026 | 1.27 | 65,510 | 83,198 | 5,158,485 | Form | |
| 3 | Johnson, Michael | Esenjay Investments, L.L.C. | Sell | 3182026 | 1.36 | 21,371 | 29,065 | 5,613,140 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vanka, Krishna C | CEO and President | Direct | Sell | 7062026 | 0.87 | 20,633 | 17,893 | 17,359 | Form |
| 2 | Johnson, Michael | Esenjay Investments, L.L.C. | Sell | 3182026 | 1.27 | 65,510 | 83,198 | 5,158,485 | Form | |
| 3 | Johnson, Michael | Esenjay Investments, L.L.C. | Sell | 3182026 | 1.36 | 21,371 | 29,065 | 5,613,140 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Electrical Components & Equipment Resources |
| EC&M (Electrical Construction & Maintenance) |
| Electrical Contracting News (ECN) |
| EE Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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