One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Flux Power Holdings, Inc.
FLUX · NCM · Industrials · Electrical Equipment & Parts
Current price
$0.46
52-week range
$0.46 - $7.55
Market cap
$10.00M
Balance sheet
Distressed
-3.77x Concerning
Net debt $8.21M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Flux Power Holdings, Inc.
Flux Power makes and sells rechargeable lithium-ion battery packs, mainly for industrial equipment like forklifts and the vehicles you see at airports. The company earns money by selling these advanced batteries to equipment manufacturers, dealers, and the businesses that ultimately use the vehicles. Its success depends on convincing more warehouses and airports to upgrade from their older, less efficient batteries to Flux's modern technology.
How the company got here
Flux Power was founded to replace old-fashioned lead-acid batteries in industrial vehicles with newer, more efficient lithium-ion technology. The company started by developing and shipping its first products around 2010, focusing on making energy storage systems that were more cost-effective and better for the environment. Over the years, it has concentrated on powering equipment like forklifts and airport vehicles, eventually becoming a publicly traded company on the NASDAQ stock exchange. The core idea has always been to offer a smarter, longer-lasting power source for machines that are essential to warehouses, airports, and other industrial settings.
What it actually does
Flux Power designs and builds large, advanced battery packs for industrial electric vehicles, similar to how a car has a battery, but for equipment like forklifts and the little tractors that pull your luggage at the airport. These aren't simple batteries; each pack includes a proprietary Battery Management System (BMS), which is like a computer brain that manages charging, discharging, and overall battery health to make it last longer. The company also offers a cloud-based tracking service called telemetry (a way to collect data from a distance) that lets customers monitor their entire fleet of batteries from a computer, helping them manage their equipment more efficiently.
Material Handling Equipment Batteries
This is the company's largest business area, making up the vast majority of its sales. Flux Power builds lithium-ion battery packs specifically designed to power different types of forklifts, pallet jacks, and other vehicles used in warehouses and distribution centers. Customers, which include large retail and e-commerce companies, pay for these battery packs to replace older lead-acid batteries, which require more maintenance and don't last as long. The goal is to help warehouses run more smoothly by keeping their essential equipment powered up and running for longer shifts with less downtime.
Airport Ground Support Equipment (GSE) Batteries
This is a smaller but important part of Flux Power's business. The company makes heavy-duty battery packs for the vehicles you see on the tarmac at airports, such as baggage tractors, pushback tugs that move airplanes, and belt loaders that carry luggage onto the plane. Airlines and airport service companies buy these batteries to electrify their fleets, reducing emissions and the higher maintenance costs associated with traditional fuel or lead-acid batteries. These products are designed to be reliable in demanding airport environments, including in very hot or cold weather.
What management is betting on now
The company's main focus is on achieving sustained profitability by improving its operational efficiency (making things at a lower cost) and increasing sales. A key part of their strategy is to expand their software platform, SkyEMS, which provides customers with data and analytics to better manage their battery fleets. They are also working to secure more partnerships with original equipment manufacturers (OEMs, the companies that build the forklifts and other vehicles) to have their batteries included as a standard option. Management believes these efforts will help the company grow and become a leader in electrifying industrial equipment.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$746.00K
FY2025 Q2
$2.71M
FY2025 Q3
$-1.75M
FY2025 Q4
$-1.75M
FY2026 Q1
$726.00K
FY2026 Q2
$-5.29M
FY2026 Q3
$-1.51M
FY2026 Q4
$-357.00K
Revenue
$8.25M
Net income
$-2.31M
Diluted EPS
-0.11
Operating cash flow
$-253.00K
Free cash flow
$-357.00K
Fetching…
Sources
Revenue
$6.59M
Net income
$-3.17M
Diluted EPS
-0.15
Operating cash flow
$-1.39M
Free cash flow
$-1.51M
Fetching…
Sources
Revenue
$14.12M
Net income
$601.00K
Diluted EPS
0.03
Operating cash flow
$-5.16M
Free cash flow
$-5.29M
Fetching…
Sources
Revenue
$13.18M
Net income
$-2.56M
Diluted EPS
-0.15
Operating cash flow
$889.00K
Free cash flow
$726.00K
Fetching…
Sources
Revenue
$16.74M
Net income
$-1.18M
Diluted EPS
-0.07
Operating cash flow
$-1.60M
Free cash flow
$-1.75M
Fetching…
Sources
Revenue
$16.74M
Net income
$-1.94M
Diluted EPS
-0.12
Operating cash flow
$-1.57M
Free cash flow
$-1.75M
Fetching…
Sources
Revenue
$16.83M
Net income
$-1.89M
Diluted EPS
-0.11
Operating cash flow
$2.83M
Free cash flow
$2.71M
Fetching…
Sources
Revenue
$16.12M
Net income
$-1.67M
Diluted EPS
-0.10
Operating cash flow
$944.00K
Free cash flow
$746.00K
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $0.46
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $8.2M. Interest coverage -3.8x.
Net debt
$8.21M
Interest coverage
-3.77x
Flux Power Holdings, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
FLUX
BASELINE
Flux Power Holdings, Inc.
Total debt $8.51M Interest coverage -3.77x This is the baseline the peer rows are being compared against.
Total debt $3.94M Interest coverage -11.07x Neither company has much profit cushion over interest right now.
Total debt $32.93M Interest coverage -1.01x Neither company has much profit cushion over interest right now.
Total debt $1.92M Interest coverage -644.31x Neither company has much profit cushion over interest right now.
Total debt $47.51M Interest coverage 1.59x This peer still has a real interest-payment cushion, while FLUX does not.
What you should know
The case for and against FLUX
0 Rewards
1 Risk
Rewards
Risks
-
Operating margin compressed from -9.6% to -25.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-3.08x
P/B
3.89x
P/S
0.24x
EV/EBITDA
-2.97x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
30.2%
Operating margin
-25.5%
Net margin
-17.7%
ROE
—
ROA
-13.7%
Health
Liquidity and balance-sheet strength
Debt / equity
3.33x
Current ratio
1.03x
Quick ratio
0.26x
Total debt
$8.51M
Total cash
$305.00K
Growth
How the business has been compounding
Revenue TTM
$42.13M
Revenue 5Y CAGR
4.7%
EPS TTM
-0.35
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-5.92M
Free CF TTM
$-6.43M
FCF margin
-15.3%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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