Flux Power Holdings

FLUX

Electrical Equipment & Parts · Industrials

Price

$0.54

+0.00 (+0.66%)

Market Cap

$11.4M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+41.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 11.8M (2021) → 16.7M (2025)

Flux Power Holdings makes rechargeable lithium-ion battery packs for industrial equipment. Its main products are battery systems used to power forklifts and other warehouse vehicles, replacing older lead-acid batteries. The company sells primarily to warehouses, distribution centers, and manufacturers across the United States.

Flux Power earns revenue by selling battery packs and related energy management systems directly to businesses and through equipment dealers. It operates almost entirely in the US and is a small company, with a market cap near zero on a rounded basis, meaning it competes against much larger industrial battery suppliers. The company has been growing its customer base in e-commerce and logistics warehousing, but its negative operating margin shows it is still spending more than it earns, and turning profitable while competing against established players with deeper resources remains the central challenge ahead.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-60.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-25.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$4M/ year

↓ Declining (-9% vs prior year)

6.7% of revenue

1.7x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

21.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$372,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Flux Power Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

27.3%

Modest — 27.3% gross margin

Operating Margin

17.9%

Healthy — 17.9% operating margin

ROCE

11.4%

Below par — 11.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

-19.7%

Shrinking sales (-19.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-15.8%

Burning cash (-15.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1.24

Elevated debt (1.24)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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