Flagship explainer

How ENERGY FOCUS, INC/DE makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$3.6M · 100%Cost of revenue$2.9M · 81%Gross profit$672000 · 19%Operating income−$1M · −29%Income before tax−$1M · −29%Income tax$0 · 0%Net income−$1M · −29%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$3.6M100%
Cost of revenue$2.9M81%
$67200019%
−$1M−29%
Income before tax−$1M−29%
Income tax$00%
−$1M−29%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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