Flux Power Holdings Inc

Flux Power's capital structure is highly leveraged, with a debt-to-equity ratio of 72.69 and total liabilities of $32.1 million against total equity of $194,000. The company's liquidity position is weak, as evidenced by a current ratio of 0.92 and negative operating cash flow of $4.8 million. The price-to-book ratio of 114.4 suggests the market is valuing the company at a premium to its book value, despite a negative return on equity of -14.26%.

Profitability metrics are sharply negative, with a net loss of $2.8 million and an operating loss of $2.3 million in the latest period. The company's return on assets of -0.0857 indicates poor asset utilization, and its gross margin of 21.7% is below the industry median for electrical equipment firms. The negative EBITDA of $1.56 million further highlights operational inefficiencies.

Geographically, Flux Power's revenue is concentrated in North America, with no material exposure to other regions disclosed in the financial snapshot. The company operates in a single business segment focused on lithium-ion battery systems, with no diversification across product lines or markets.

The company's growth trajectory is uncertain, with no revenue growth reported in the latest period and a net loss of $2.8 million. Analysts have assigned a mean price target of $4.00, implying a 286% upside from the current market price of $1.04. However, the absence of revenue growth and the high debt load suggest a challenging path to profitability.

Risk factors include liquidity constraints, with negative net cash after subtracting total debt, and a high debt-to-equity ratio of 72.69. The risk of dilution is currently low, but the company's capital structure leaves it vulnerable to further equity issuance if liquidity pressures persist. The risk assessment flags the company's inability to meet short-term obligations as a key concern.

Recent events include the publication of the latest financial results, which show continued losses and negative cash flow. No material regulatory or legal events were disclosed in the available data.

Flux Power Holdings Inc (FLUX.O) has entered the scope of analysis, marking the first available data point for the ticker with no prior basis for delta computation. This initial snapshot reveals a shareholder base comprising eight top holders, though the company currently lacks coverage from analysts or inclusion in major indices. The absence of prior historical data means that current metrics serve as the foundational baseline for future performance tracking rather than representing a change from a previous state. The most material development in this initial review is the identification of several notable additions to the company's holder list. These new positions were detected on June 20, 2026, and include investments recorded across various reporting periods. Specifically, one investor held 697,985 shares valued at approximately $0.89 million as of December 31, 2025, while another held 184,919 shares valued at roughly $0.58 million as of June 30, 2024. Additional notable holder additions were recorded as of March 31, 2026, reflecting a diverse range of position sizes. These include holdings of 49,568 shares valued at $0.05 million, 23,691 shares valued at $0.03 million, 15,378 shares valued at $0.02 million, 13,108 shares valued at $0.01 million, and a smaller position of 730 shares valued at less than $0.001 million. Each of these entries is classified with "notable" severity, indicating their significance in the current ownership structure. The significance of these findings lies in establishing the initial ownership profile for Flux Power Holdings Inc. With no analyst coverage or index membership to provide external validation or liquidity benchmarks, the composition of these eight top holders offers the primary insight into institutional or significant investor interest. As this is the first analysis for the ticker, these holder details provide the essential context for understanding the current capital structure and investor engagement levels.

Revenue grew 26.1% annually over four years, demonstrating strong top-line expansion momentum for the company.

Analysts project 518.4% upside to a mean price target of $4.00, signaling significant expected appreciation.

Gross profit increased to $21.7 million in the latest period, indicating improving operational efficiency and scale.

Cash conversion ratio of 1.73 exceeds the cohort median of 0.89, suggesting superior cash generation relative to peers.

Net income improved 19.9% year-over-year, showing a positive trend in reducing losses despite ongoing deficits.

The company carries high credit risk and a debt-to-equity ratio of 72.69, far exceeding the cohort median.

Free cash flow remains negative at -$6.3 million, indicating continued reliance on external financing for operations.

Return on equity of -14.3% is in the bottom quartile, reflecting poor capital efficiency compared to peers.

Revenue $6.6M, −60,6% YoY.

• ▍Revenue $6.6M, −60,6% YoY

Revenue $14.1M, −16,1% YoY; Operating income +153,8% YoY.

• ▍Revenue $14.1M, −16,1% YoY
• ▍Operating income +153,8% YoY
• ▍Net income +131,8% YoY
• ▍Free cash flow +141,6% YoY
• ▍Net margin 4.3%

Revenue $13.2M, −18,3% YoY; Operating income −79,7% YoY.

• ▍Revenue $13.2M, −18,3% YoY
• ▍Operating income −79,7% YoY
• ▍Net income −53,5% YoY
• ▍Free cash flow −53,2% YoY
• ▍Net margin -19.4%

Revenue $16.7M, +26,6% YoY; Operating income +67,4% YoY.

• ▍Revenue $16.7M, +26,6% YoY
• ▍Operating income +67,4% YoY
• ▍Net income +57,4% YoY
• ▍Free cash flow +61,0% YoY
• ▍Net margin -7.0%

Revenue $16.7M; Operating income -$1.6M.

• ▍Revenue $16.7M
• ▍Operating income -$1.6M
• ▍Net margin -11.6%

Revenue $16.8M; Operating income -$1.5M.

• ▍Revenue $16.8M
• ▍Operating income -$1.5M
• ▍Net margin -11.2%

Revenue $16.1M; Operating income -$1.2M.

• ▍Revenue $16.1M
• ▍Operating income -$1.2M
• ▍Net margin -10.4%

Revenue $13.2M; Operating income -$2.3M.

• ▍Revenue $13.2M
• ▍Operating income -$2.3M
• ▍Net margin -20.9%

Revenue $66.4M, +9,2% YoY; Operating income +24,0% YoY.

• ▍Revenue $66.4M, +9,2% YoY
• ▍Operating income +24,0% YoY
• ▍Net income +19,9% YoY
• ▍Free cash flow +22,3% YoY
• ▍Net margin -10.0%

Revenue $60.8M, −8,5% YoY; Operating income −3,2% YoY.

• ▍Revenue $60.8M, −8,5% YoY
• ▍Operating income −3,2% YoY
• ▍Net income −7,6% YoY
• ▍Free cash flow −3,4% YoY
• ▍Net margin -13.7%

Revenue $66.5M, +57,1% YoY; Operating income +60,5% YoY.

• ▍Revenue $66.5M, +57,1% YoY
• ▍Operating income +60,5% YoY
• ▍Net income +53,0% YoY
• ▍Free cash flow +52,8% YoY
• ▍Net margin -11.6%

Revenue $42.3M, +61,2% YoY; Operating income −20,4% YoY.

• ▍Revenue $42.3M, +61,2% YoY
• ▍Operating income −20,4% YoY
• ▍Net income −28,8% YoY
• ▍Free cash flow −22,6% YoY
• ▍Net margin -38.9%