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SEGMENT DATA (Tables) | 9 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Corporate and other is comprised of operating expenses not allocated to Orion’s segments and adjustments to reconcile to consolidated results.
Three Months Ended December 31, 2025 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 9,138 |  | $ | 2,165 |  | $ | 3,336 |  | $ | — |  | $ | 14,639 |
Service revenue |  | 2,936 |  |  | 2,191 |  |  | 1,323 |  |  | — |  |  | 6,450 |
Total revenue |  | 12,074 |  |  | 4,356 |  |  | 4,659 |  |  | — |  |  | 21,089 |
Cost of product revenue |  | 6,679 |  |  | 1,151 |  |  | 1,950 |  |  | — |  |  | 9,780 |
Cost of service revenue |  | 1,843 |  |  | 1,957 |  |  | 1,002 |  |  | — |  |  | 4,802 |
Total cost of revenue |  | 8,522 |  |  | 3,108 |  |  | 2,952 |  |  | — |  |  | 14,582 |
Gross profit |  | 3,552 |  |  | 1,248 |  |  | 1,707 |  |  | — |  |  | 6,507 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 1,424 |  |  | 532 |  |  | 713 |  |  | 716 |  |  | 3,385 |
Sales and marketing |  | 2,014 |  |  | 112 |  |  | 267 |  |  | 106 |  |  | 2,499 |
Research and development |  | 116 |  |  | 36 |  |  | 21 |  |  | 64 |  |  | 237 |
Total operating expenses |  | 3,554 |  |  | 680 |  |  | 1,001 |  |  | 886 |  |  | 6,121 |
Income (loss) from operations |  | (2 | ) |  | 568 |  |  | 706 |  |  | (886 | ) |  | 386 |
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 46 |
Interest expense |  |  |  |  |  |  |  |  |  | (203 | )
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (51 | )
Total other expense |  |  |  |  |  |  |  |  |  | (208 | )
Income before income tax |  |  |  |  |  |  |  |  | $ | 178 |
Three Months Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 11,460 |  | $ | 1,672 |  | $ | 1,176 |  | $ | — |  | $ | 14,308 |
Service revenue |  | 1,754 |  |  | 2,253 |  |  | 1,269 |  |  | — |  |  | 5,276 |
Total revenue |  | 13,214 |  |  | 3,925 |  |  | 2,445 |  |  | — |  |  | 19,584 |
Cost of product revenue |  | 7,878 |  |  | 784 |  |  | 685 |  |  | — |  |  | 9,347 |
Cost of service revenue |  | 1,352 |  |  | 2,103 |  |  | 1,028 |  |  | — |  |  | 4,483 |
Total cost of revenue |  | 9,230 |  |  | 2,887 |  |  | 1,713 |  |  | — |  |  | 13,830 |
Gross profit |  | 3,984 |  |  | 1,038 |  |  | 732 |  |  | — |  |  | 5,754 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 1,330 |  |  | 523 |  |  | 1,370 |  |  | 634 |  |  | 3,857 |
Sales and marketing |  | 2,079 |  |  | 166 |  |  | 501 |  |  | 113 |  |  | 2,859 |
Research and development |  | 146 |  |  | 40 |  |  | 27 |  |  | 74 |  |  | 287 |
Total operating expenses |  | 3,555 |  |  | 729 |  |  | 1,898 |  |  | 821 |  |  | 7,003 |
Income (loss) from operations |  | 429 |  |  | 309 |  |  | (1,166 | ) |  | (821 | ) |  | (1,249 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 45 |
Interest expense |  |  |  |  |  |  |  |  |  | (255 | )
Interest income |  |  |  |  |  |  |  |  |  | 1 |
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (49 | )
Total other expense |  |  |  |  |  |  |  |  |  | (258 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (1,507 | )
Nine Months Ended December 31, 2025 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 27,880 |  | $ | 5,711 |  | $ | 7,373 |  | $ | — |  | $ | 40,964 |
Service revenue |  | 7,740 |  |  | 7,133 |  |  | 4,746 |  |  | — |  |  | 19,619 |
Total revenue |  | 35,620 |  |  | 12,844 |  |  | 12,119 |  |  | — |  |  | 60,583 |
Cost of product revenue |  | 19,881 |  |  | 3,128 |  |  | 4,370 |  |  | — |  |  | 27,379 |
Cost of service revenue |  | 5,374 |  |  | 6,296 |  |  | 2,949 |  |  | — |  |  | 14,619 |
Total cost of revenue |  | 25,255 |  |  | 9,424 |  |  | 7,319 |  |  | — |  |  | 41,998 |
Gross profit |  | 10,365 |  |  | 3,420 |  |  | 4,800 |  |  |  |  | 18,585 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 4,813 |  |  | 1,731 |  |  | 2,482 |  |  | 2,461 |  |  | 11,487 |
Sales and marketing |  | 5,882 |  |  | 332 |  |  | 753 |  |  | 326 |  |  | 7,293 |
Research and development |  | 330 |  |  | 103 |  |  | 59 |  |  | 182 |  |  | 674 |
Total operating expenses |  | 11,025 |  |  | 2,166 |  |  | 3,294 |  |  | 2,969 |  |  | 19,454 |
Income (loss) from operations |  | (660 | ) |  | 1,254 |  |  | 1,506 |  |  | (2,969 | ) |  | (869 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 49 |
Interest expense |  |  |  |  |  |  |  |  |  | (652 | )
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (152 | )
Total other expense |  |  |  |  |  |  |  |  |  | (755 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (1,624 | )
Nine Months Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 31,080 |  | $ | 3,795 |  | $ | 4,567 |  | $ | — |  | $ | 39,442 |
Service revenue |  | 5,725 |  |  | 7,250 |  |  | 6,434 |  |  | — |  |  | 19,409 |
Total revenue |  | 36,805 |  |  | 11,045 |  |  | 11,001 |  |  | — |  |  | 58,851 |
Cost of product revenue |  | 21,958 |  |  | 2,007 |  |  | 2,844 |  |  | — |  |  | 26,809 |
Cost of service revenue |  | 5,227 |  |  | 7,292 |  |  | 5,022 |  |  | — |  |  | 17,541 |
Total cost of revenue |  | 27,185 |  |  | 9,299 |  |  | 7,866 |  |  | — |  |  | 44,350 |
Gross profit |  | 9,620 |  |  | 1,746 |  |  | 3,135 |  |  |  |  | 14,501 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 4,516 |  |  | 2,169 |  |  | 4,007 |  |  | 2,278 |  |  | 12,970 |
Sales and marketing |  | 6,731 |  |  | 478 |  |  | 1,051 |  |  | 384 |  |  | 8,644 |
Research and development |  | 428 |  |  | 118 |  |  | 78 |  |  | 216 |  |  | 840 |
Total operating expenses |  | 11,675 |  |  | 2,765 |  |  | 5,136 |  |  | 2,878 |  |  | 22,454 |
Loss from operations |  | (2,055 | ) |  | (1,019 | ) |  | (2,001 | ) |  | (2,878 | ) |  | (7,953 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 61 |
Interest expense |  |  |  |  |  |  |  |  |  | (800 | )
Interest income |  |  |  |  |  |  |  |  |  | 1 |
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (155 | )
Total other expense |  |  |  |  |  |  |  |  |  | (893 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (8,846 | )
|  | Depreciation and Amortization | Capital Expenditures |
|  | Nine Months Ended December 31, | Nine Months Ended December 31, |
(dollars in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Segments: |  |  |  |  |  |  |  |  |  |  |  |
Lighting Segment |  | $ | 487 |  |  | $ | 596 |  |  | $ | 55 |  |  | $ | 12 |
Maintenance Segment |  |  | 146 |  |  |  | 289 |  |  |  | 4 |  |  |  | 1 |
EV Segment |  |  | 632 |  |  |  | 777 |  |  |  | — |  |  |  | - |
Corporate and Other |  |  | 212 |  |  |  | 206 |  |  |  | (1 | ) |  |  | 35 |
|  | $ | 1,477 |  |  | $ | 1,868 |  |  | $ | 58 |  |  | $ | 48 |
|  | Total Assets |
(dollars in thousands) |  | December 31, 2025 |  |  | March 31, 2025 |
Segments: |  |  |  |  |  |
Lighting Segment |  | $ | 18,074 |  |  | $ | 20,646 |
Maintenance Segment |  |  | 5,833 |  |  |  | 4,384 |
EV Segment |  |  | 10,043 |  |  |  | 11,963 |
Corporate and Other |  |  | 14,301 |  |  |  | 15,470 |
|  | $ | 48,251 |  |  | $ | 52,463 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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