ACFN

MKT CAP:$46M

Acorn Energy, Inc.

Market Cap

$46M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$17.90+$2.68 (+17.61%)

Apr 22, 2026

Company Details

Acorn Energy, Inc., through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitori...

CEO

Jan H. Loeb

IPO Date

Feb 11, 1992

Website

www.acornenergy.com

Key Metrics TTM

Revenue

$11M

+4.5% YoY

Net Income

$3M

EPS (Diluted)

$0.99

Free Cash Flow

$2M

Revenue / Share

$4.52

Gross Margin

76.8%

Operating Margin

17.3%

Net Margin

21.9%

FCF Margin

17.9%

P/S

4.0x

P/E

18.3x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 5, 2026

$11M+4.5%EPS $0.99

Q4 2025

Mar 5, 2026

$2M-32.6%EPS $0.42

Q3 2025

Nov 6, 2025

$2M-18.8%EPS $0.10

Q2 2025

Aug 7, 2025

$4M+54.9%EPS $0.28

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2M	$1M	-$122.0K
Q2 22	$2M	$1M	-$222.0K
Q3 22	$2M	$1M	-$210.0K
Q4 22	$2M	$1M	-$75.0K
Q1 23	$2M	$1M	-$95.0K
Q2 23	$2M	$1M	$83.0K
Q3 23	$2M	$2M	$8.0K
Q4 23	$2M	$2M	$78.0K
Q1 24	$2M	$2M	$78.0K
Q2 24	$2M	$2M	$258.0K
Q3 24	$3M	$2M	$756.0K
Q4 24	$4M	$3M	$845.0K
Q1 25	$3M	$2M	$604.0K
Q2 25	$4M	$3M	$947.0K
Q3 25	$2M	$2M	$159.0K
Q4 25	$2M	$2M	$279.0K

Valuation

Quarter	P/S	P/E
Q1 22	6.7x	—
Q2 22	6.7x	—
Q3 22	6.6x	—
Q4 22	6.6x	—
Q1 23	6.6x	—
Q2 23	6.2x	—
Q3 23	6.0x	—
Q4 23	5.7x	385.5x
Q1 24	5.4x	170.5x
Q2 24	5.2x	103.3x
Q3 24	4.7x	40.1x
Q4 24	4.2x	7.3x
Q1 25	3.8x	6.9x
Q2 25	3.5x	6.4x
Q3 25	3.6x	6.9x
Q4 25	4.0x	18.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$221.0K	$64.0K
Q2 22	-$415.0K	-$524.0K
Q3 22	-$117.0K	-$137.0K
Q4 22	$342.0K	$336.0K
Q1 23	-$83.0K	-$109.0K
Q2 23	$238.0K	$227.0K
Q3 23	$211.0K	$178.0K
Q4 23	-$294.0K	-$300.0K
Q1 24	-$43.0K	-$45.0K
Q2 24	$84.0K	$46.0K
Q3 24	$698.0K	$690.0K
Q4 24	$166.0K	$158.0K
Q1 25	$271.0K	$265.0K
Q2 25	$629.0K	$619.0K
Q3 25	$895.0K	$891.0K
Q4 25	$295.0K	$274.0K

Capital Expenditures

Quarter	CapEx
Q1 22	$157.0K
Q2 22	$109.0K
Q3 22	$20.0K
Q4 22	$6.0K
Q1 23	$26.0K
Q2 23	$11.0K
Q3 23	$33.0K
Q4 23	$6.0K
Q1 24	$2.0K
Q2 24	$38.0K
Q3 24	$8.0K
Q4 24	$8.0K
Q1 25	$6.0K
Q2 25	$10.0K
Q3 25	$4.0K
Q4 25	$21.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+2.7%	+11.6%
Q2 22	+0.6%	+14.8%
Q3 22	+4.5%	+18.6%
Q4 22	+5.2%	+5.5%
Q1 23	-0.1%	-1.5%
Q2 23	+21.7%	+2.6%
Q3 23	+17.0%	+4.3%
Q4 23	+22.0%	+13.1%
Q1 24	+21.9%	+11.4%
Q2 24	+15.3%	+6.7%
Q3 24	+46.1%	+10.3%
Q4 24	+56.8%	+23.6%
Q1 25	+45.3%	+21.4%
Q2 25	+54.9%	+27.8%
Q3 25	-18.8%	+1.1%
Q4 25	-32.6%	-21.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$3.0K	0.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$198.0K	—	—	$1M
Q2 22	$212.0K	—	—	$1M
Q3 22	$227.0K	—	—	$1M
Q4 22	$208.0K	$1M	$16.0K	—
Q1 23	$214.0K	—	—	$1M
Q2 23	$188.0K	—	—	$1M
Q3 23	$212.0K	—	—	$1M
Q4 23	$261.0K	$1M	$24.0K	—
Q1 24	$238.0K	—	—	$1M
Q2 24	$226.0K	—	—	$1M
Q3 24	$234.0K	—	—	$1M
Q4 24	$314.0K	$1M	$18.0K	—
Q1 25	$291.0K	—	—	$1M
Q2 25	$265.0K	—	—	$1M
Q3 25	$267.0K	—	—	$2M
Q4 25	$271.0K	—	—	$1M

Revenue Segments

Quarter	Hardware	Monitoring
Q3 23	$1M	$1M
Q1 24	$1M	$1M
Q2 24	$1M	$1M
Q3 24	$2M	$1M
Q1 25	$2M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2M	$0	$2M
Q2 22	$1M	$0	$1M
Q3 22	$1M	$0	$1M
Q4 22	$1M	$0	$1M
Q1 23	$1M	$0	$1M
Q2 23	$2M	$0	$2M
Q3 23	$2M	$0	$2M
Q4 23	$1M	$0	$1M
Q1 24	$1M	$0	$1M
Q2 24	$1M	$0	$1M
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$3M	$0	$3M
Q2 25	$3M	$0	$3M
Q3 25	$4M	$0	$4M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	2M	-0.0%	-0.4%
Q2 22	2M	+0.0%	-0.6%
Q3 22	2M	+0.0%	-0.7%
Q4 22	2M	+0.0%	+0.1%
Q1 23	2M	+0.0%	+0.1%
Q2 23	2M	+0.1%	+0.2%
Q3 23	3M	+1.8%	+2.0%
Q4 23	3M	0.0%	+2.0%
Q1 24	2M	-1.5%	+0.4%
Q2 24	3M	+0.5%	+0.8%
Q3 24	3M	+0.2%	-0.8%
Q4 24	3M	+0.1%	-0.8%
Q1 25	2M	-0.6%	+0.2%
Q2 25	3M	+1.4%	+1.1%
Q3 25	3M	+0.8%	+1.7%
Q4 25	3M	-0.6%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$70.0K	25
Q2 22	$64.8K	25
Q3 22	$71.3K	25
Q4 22	$65.9K	28
Q1 23	$62.5K	28
Q2 23	$70.5K	28
Q3 23	$74.5K	28
Q4 23	$90.0K	25
Q1 24	$85.3K	25
Q2 24	$91.0K	25
Q3 24	$122.0K	25
Q4 24	$135.7K	26
Q1 25	$119.2K	26
Q2 25	$135.6K	26
Q3 25	$95.3K	26
Q4 25	$88.0K	27

Revenue / Employee