REVENUE (Tables)

3 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide detail of Orion’s total revenue for the three months ended June 30, 2025 and June 30, 2024 (dollars in thousands):


		Three Months Ended June 30, 2025
		Product				Services				Total
Revenue from contracts with customers:
Lighting product and installation		$	10,269			$	2,447			$	12,716
Maintenance services			1,501				2,496				3,997
Electric vehicle charging			1,576				1,120				2,696
Solar energy related revenues			—				—				—
Total revenues from contracts with customers			13,346				6,063				19,409
Revenue accounted for under other guidance			166				—				166
Total revenue		$	13,512			$	6,063			$	19,575

		Three Months Ended June 30, 2024
		Product				Services				Total
Revenue from contracts with customers:
Lighting product and installation		$	10,045			$	2,674			$	12,719
Maintenance services			1,000				2,323				3,323
Electric vehicle charging			1,688				2,142				3,830
Solar energy related revenues			15				—				15
Total revenues from contracts with customers			12,748				7,139				19,887
Revenue accounted for under other guidance			19				—				19
Total revenue		$	12,767			$	7,139			$	19,906

Summary of Contract Assets and Liabilities

The following chart shows the balance of Orion’s receivables arising from contracts with customers, contract assets and contract liabilities as of June 30, 2025 and March 31, 2025 (dollars in thousands):


		June 30, 2025				March 31, 2025
Accounts receivable, net		$	13,527			$	12,845
Revenue earned but not billed (1)		$	3,295			$	2,908
Deferred revenue (2)		$	318			$	367

(1) Within the revenue earned not billed line on the Condensed Consolidated Balance Sheets, $0.2 million is accounted for as a sales type lease under ASC 842, and therefore not considered a "contract asset", which is an asset defined by ASC 606.

(2) Includes the unamortized portion of the funds received from the federal government in 2010 and 2011 as reimbursement for the costs to build the two facilities related to the power purchase agreements. As the transaction is not considered a contract with a customer, this value is not a contract liability as defined by ASC 606.