Company / R&D Expense
ENERGY FOCUS, INC/DE R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$524.0K
FY2025
5-year range
$524.0K / $1.9M
FY2021-FY2025
Trend
-10.7%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has declined for 3 consecutive years, from $2M in FY2022 to $524,000 in FY2025.
Based on SEC 10-K filings.
$524,000 in FY2025 with a 5-year CAGR of -16.4%.
Declined from $1M to $524,000 over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -34.8%
- 5-Year CAGR
- -16.4%
- 10-Year CAGR
- -
Key checks
Key Insights
- ENERGY FOCUS, INC/DE's r&d expense has declined for 3 consecutive years.
- 5-year CAGR of -16.4%, indicating a declining trend.
- In FY2025, r&d expense decreased 10.7% year-over-year.
- Peak r&d expense was recorded in FY2018.
Company context
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $524.0K | -10.7% |
| FY2024 | $587.0K | -60.6% |
| FY2023 | $1.5M | -21.2% |
| FY2022 | $1.9M | +33.6% |
| FY2021 | $1.4M | +10.2% |
| FY2020 | $1.3M | -56.3% |
| FY2019 | $2.9M | -16.9% |
| FY2018 | $3.5M | +25.9% |
| FY2017 | $2.8M | +172.8% |
| FY2016 | $1.0M | +73.1% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026