Flux Power (FLUX)
Lithium-ion battery packs and fleet software for forklifts and airport equipment.
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Designs and assembles lithium-ion battery packs, battery-management systems and fleet software for industrial material-handling and airport ground-support equipment. Sales flow through OEMs, dealers, distributors and direct channels, while external battery-cell supply underpins its single reportable segment.
Designs and assembles rechargeable lithium-ion battery packs for electric forklifts, material-handling fleets and airport ground-support equipment. The S-, M-, L- and X-Series address pallet jacks, reach trucks and counterbalanced forklifts, while the G-Series serves airport equipment. Battery-management, telemetry and SkyEMS fleet-management software complement the hardware.
Sells packs and related equipment through OEMs, lift-equipment dealers, battery distributors and directly to end users, largely in North America. Operations center on integrating externally sourced battery cells with in-house battery-management systems rather than manufacturing cells.
Runs one reportable segment. Revenue and product supply depend on large national accounts, OEM and dealer channels, a single China-based cell manufacturer, product compatibility and safety certifications.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | BMO Capital | Initiate | Rating: — | |
| Aug 21, 2026 | Roth Capital | Target | Target: — | Target: $1.60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $305.0K · Total debt $8.5M · Total assets $24.2M · Shareholders' equity $2.6M
- Revenue
- $8.2M
- Operating income
- −$6.3M
- Net income
- −$2.3M
No dividends on record.
| Institutions | 24.66% | 5.33M shares | |
|---|---|---|---|
| 34 holders · as of Jun 30, 2026 | |||
| Insiders | 20.89% | 4.52M shares | |
| 7 holders · as of Jul 6, 2026 | |||
| Strategic holders | 9.11% | 1.97M shares | |
| 1 holder · as of Feb 13, 2026 | |||
| Other | 45.34% | 9.80M shares | |
| remainder | |||
21.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Michael JohnsonInsiderdirector, 10 percent owner | 19.28% | 4.17M | filed Jun 1, 2026 |
Formidable Asset Management, LLCInstitution | 13.63% | 2.95M | as of Jun 30, 2026 |
Cleveland Capital Management, L.L.C.1Strategic10 percent owner | 9.11% | 1.97M | filed Feb 13, 2026 |
Vanguard Capital Management LLCInstitution | 3.02% | 653,007 | as of Jun 30, 2026 |
Toroso Investments, LLCInstitution | 2.22% | 480,066 | as of Jun 30, 2026 |
- Cleveland Capital Management, L.L.C.'s transaction reports restate only vehicles that traded; the 2026 ownership statement (1.97M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Krishna C. Vanka | director, officer: CEO and President | −20,633 | $0.8672 |
| Mar 17, 2026 | Michael Johnson | director, 10 percent owner: | −65,510 | $1.27 |
| Mar 16, 2026 | Michael Johnson | director, 10 percent owner: | −21,371 | $1.36 |
- EnerSys
Largest direct rival in forklift and industrial motive power.
- Hyster-Yale
Integrated lithium-ion forklift power for warehouse fleets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Flux Power | $0.5413 | +0.09% | $11.6M | — | — | 0.3 | −50.7% |
| EnerSys | $178.82 | +0.13% | $6.51B | 19.1 | 14.3 | 1.7 | +4.8% |
| Hyster-Yale | $33.38 | +2.39% | $580.0M | — | — | 0.2 | −15.0% |
| Median | 19.1 | 14.3 | 0.9 | −5.1% |