Acorn Energy, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 5, 2026, reporting third-quarter net income attributable to stockholders of $940,000 and disclosing a completed acquisition that added goodwill and intangibles to its balance sheet.

Key Highlights

  • Third-quarter revenue: $2,591,000 for the three months ended September 30, 2026, compared to $2,478,000 in the same period of 2025, according to the filing.
  • Net income attributable to stockholders: $940,000 for Q3 2026, versus $252,000 in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Basic and diluted EPS: Basic earnings per share of $0.37 and diluted earnings per share of $0.37 for the three months ended September 30, 2026.
  • Nine-month net income: $1,157,000 attributable to Acorn Energy, Inc. stockholders for the nine months ended September 30, 2026, down from $1,436,000 in the prior-year period.
  • Total assets increased: Total assets were $17,581,000 at September 30, 2026, compared to $13,334,000 at December 31, 2025, with goodwill of $1,443,000 and intangibles of $2,075,000 newly appearing on the balance sheet.
  • Shares outstanding: 2,534,714 shares of common stock outstanding as of November 3, 2026, the filing stated.
  • Deferred purchase consideration: The balance sheet reflects deferred purchase consideration of $326,000 (current) and $1,741,000 (noncurrent), which were absent at December 31, 2025.

Acorn Energy Reports Q3 2026 Results and Acquisition-Related Balance Sheet Changes

According to the Form 10-Q filed with the SEC for the quarterly period ended September 30, 2026, Acorn Energy, Inc. (NASDAQ:ACFN) reported third-quarter revenue of $2,591,000, an increase from $2,478,000 in the third quarter of 2025. Gross profit for the three months ended September 30, 2026 was $2,087,000, compared to $1,945,000 in the year-ago quarter. Total operating expenses for Q3 2026 were $1,897,000, resulting in operating income of $190,000, up from $159,000 in Q3 2025.

For the nine months ended September 30, 2026, the filing reported revenue of $7,307,000, down from $9,101,000 in the nine months ended September 30, 2025. Nine-month operating income was $436,000, compared to $1,710,000 in the prior-year period. The company reported a tax benefit of $650,000 for the nine-month period, which contributed to net income of $1,173,000 on a consolidated basis and $1,157,000 attributable to Acorn Energy, Inc. stockholders.

The balance sheet as of September 30, 2026 showed total assets of $17,581,000, up from $13,334,000 at December 31, 2025. The filing disclosed the appearance of goodwill of $1,443,000 and intangibles of $2,075,000, both of which were absent or negligible at year-end 2025, as well as deferred purchase consideration totaling $2,067,000 across current and noncurrent portions. A share exchange transaction occurred in Q3 2026, with the equity rollforward showing a 25,000-share increase and a reduction in non-controlling interests to zero by September 30, 2026. Total stockholders' equity attributable to Acorn Energy, Inc. was $9,922,000 at the end of the quarter. The filing notes that certain statements in the report are forward-looking and subject to the cautionary language described in the company's most recent Annual Report on Form 10-K.

What Was Disclosed

Acorn Energy filed its Form 10-Q for the quarter ended September 30, 2026, disclosing Q3 and nine-month financial results, a materially larger balance sheet reflecting an acquisition, deferred purchase consideration, and 2,534,714 shares outstanding as of November 3, 2026.