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what it is
Flux sells lithium-ion battery systems that replace old lead-acid packs in forklifts and airport ground equipment.
how it gets paid
Last year Flux Power made $66M in revenue. material handling battery packs was the main engine at $42.9M, or 65% of sales.
why it's growing
Revenue grew 9.2% last year. The 93% revenue jump mattered most because it shows electrification demand is arriving faster than the income statement can currently absorb.
what just happened
Flux posted $27M in quarterly revenue, up 93% vs. prior year, but EPS stayed negative at -$0.11.
At a glance
C+ balance sheet — struggling to keep the lights on
40/100 earnings predictability — expect surprises
-$0.40 fy2025 eps est
$2B fy2026 rev est
7.6% operating margin
xvary composite: 29/100 — weak
What they do
Flux sells lithium-ion battery systems that replace old lead-acid packs in forklifts and airport ground equipment.
Flux wins by fitting into messy fleet operations, not by being the biggest. Its battery packs are modular (modular → mix-and-match designs → one platform can fit different equipment), and its wireless battery system gives real-time monitoring (battery management system → live pack health data → fewer surprises for your fleet). A 101-person company produced $66 million of annual revenue, or about $653,000 per employee, and it just added more than $3.6 million of airline purchase orders.
How they make money
$66M
annual revenue · their business grew +9.2% last year
material handling battery packs
$42.9M
airport gse battery packs
$13.9M
battery management systems
$5.9M
service and integration
$3.3M
The products that matter
forklift and warehouse battery systems
L-Series Packs
$14.1M · 21.4% of shown segment revenue
this line generated $14.1M of the $66.1M segment total shown on the page. if you want the turnaround to stick, this business needs to keep shipping without giving back margin.
core installed-base product
airport ground support batteries
GSE Batteries
$52.0M · 78.6% of shown segment revenue
this is the bigger revenue engine at $52.0M. when one segment drives nearly four-fifths of the business, concentration is not a side note — it's the story.
largest revenue driver
Key numbers
$66M
annual revenue
That is the real scale today. You are not buying a concept stock with zero sales.
+93%
quarterly growth
Latest-quarter revenue rose 93% vs. prior year. Plain English: demand snapped higher fast.
31.7%
gross margin
Gross margin is what is left after product costs. So what: Flux has room to cover overhead, but not much room for mistakes.
7.6%
operating margin
Operating margin is profit after running the business. So what: growth is real, profits are not.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $0M (0% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for FLUX right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Flux posted $27M in quarterly revenue, up 93% vs. prior year, but EPS stayed negative at -$0.11.
Sales growth was the clean part of the quarter. The messy part is that a 31.7% gross margin still did not get the company to profitability.
$27M
revenue
$0.11
eps
31.7%
gross margin
the number that mattered
The 93% revenue jump mattered most because it shows electrification demand is arriving faster than the income statement can currently absorb.
source: company earnings report, 2026
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What could go wrong
the top threat here is failing to repeat the first profitable quarter. for Flux Power, a $0.6M profit is a signal — not proof.
high
turnaround failure
one profitable quarter after 14 years of losses is encouraging, not durable. if revenue slips or costs rise, the company can move back into losses quickly.
the recent $0.6M profit could disappear as fast as it arrived
high
securities lawsuit
the Kassam Securities suit adds legal cost and uncertainty to a company already carrying a C+ balance sheet. small companies do not absorb distractions the way large ones do.
cash that could support operations may instead go to legal defense or settlement
med
battery input and supply-chain pressure
lithium-ion systems depend on components and materials that can move around in price. with gross margin at 31.7%, there is some buffer, but not enough to shrug off a real squeeze.
margin pressure would hit the one part of the model currently giving investors hope
med
customer and segment concentration
GSE Batteries account for $52.0M of the $66.1M segment total shown here. when one segment is 78.6% of the business, a slowdown there hits harder than management language can hide.
a stumble in the larger segment would pressure both revenue and sentiment at the same time
one $0.6M quarter of profit does not offset 14 years of losses, a C+ balance sheet, and a stock that traded between $1 and $8 in the last 52 weeks.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
another profitable quarter
the next report matters more than the last one. if profit falls back below zero, the turnaround argument gets a lot weaker immediately.
risk
lawsuit progress
legal updates matter because this is a $29M company, not a giant with endless room to absorb surprises.
calendar
q3 2026 earnings
that is the next real checkpoint. one good quarter starts a story. two good quarters start a pattern.
trend
gross margin holding near 31.7%
if margin slips while revenue stays modest, the path back to losses gets short again.
Analyst rankings
earnings predictability
40 / 100
earnings are hard to model here. in human-speak, analysts do not trust this business to print clean, repeatable numbers yet.
risk rank
5
risk rank 5 means it scores safer than just 5% of stocks in the dataset. you are being paid in optionality, not stability.
source: institutional data
Institutional activity
institutional ownership data for FLUX is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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