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Financials · OPTT

Ocean Power Technologies Inc. (OPTT) financials

For the twelve months ended Jul 31, 2026, Ocean Power Technologies Inc. reported $4.26M of revenue and -$52.06M of net income.

Revenue, TTM
$4.26M
Revenue growth, YoY
-25.8%
Net income, TTM
-$52.06M
Net margin
-1222.8%
Free cash flow, TTM
-$28.09M
Cash
$7.36M
Total debt
$9.91M
P/S
1.04
Market cap
$4.4M
Annual revenue$3.74M
FY2017FY2026
Annual net income-$48.91M
FY2017FY2026
Annual free cash flow-$24.78M
FY2019FY2026

OPTT revenue and earnings growth

OPTT revenueQ1 2027$1.70M

Quarter YoY
+44.1%
QoQ
+5.3%
FY YoY
-36.2%
5Y CAGR
+25.4%
10Y CAGR
+18.1%

OPTT revenue was $1.70M in fiscal Q1 2027 (ended Jul 31, 2026), up 44.1% from a year earlier and up 5.3% from the prior quarter. For the full fiscal 2026 it was $3.74M, down 36.2% from fiscal 2025. Compound annual growth was +25.4% over 5 years and +18.1% over 10 years. It rose in 7 of the last 10 fiscal years.

OPTT net incomeQ1 2027-$10.54M

OPTT net income was -$10.54M in fiscal Q1 2027 (ended Jul 31, 2026), compared with -$7.39M a year earlier. For the full fiscal 2026 it was -$48.91M, compared with -$24.47M in fiscal 2025.

OPTT EPSQ1 2027-$1.28

OPTT diluted EPS was -$1.28 in fiscal Q1 2027 (ended Jul 31, 2026). For the full fiscal 2026 it was -$0.25.

OPTT free cash flowQ1 2027-$10.36M

OPTT free cash flow was -$10.36M in fiscal Q1 2027 (ended Jul 31, 2026), compared with -$7.06M a year earlier. For the full fiscal 2026 it was -$24.78M, compared with -$19.14M in fiscal 2025.

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Income statement

Income statement
Line item
FY2026
Apr 30, 2026
FY2025
Apr 30, 2025
FY2024
Apr 30, 2024
FY2023
Apr 30, 2023
FY2022
Apr 30, 2022
FY2021
Apr 30, 2021
FY2020
Apr 30, 2020
FY2019
Apr 30, 2019
FY2018
Apr 30, 2018
FY2017
Apr 30, 2017
Revenue$3.74M$5.86M$5.53M$2.73M$1.76M$1.21M$1.68M$632.0K$511.0K$843.0K
Cost of revenue$9.66M$4.20M$2.70M$2.50M$1.86M$2.28M$1.79M$1.30M$763.0K$938.0K
Gross profit-$5.92M$1.66M$2.83M$236.0K-$101.0K-$1.07M-$105.0K-$671.0K-$252.0K-$95.0K
Research and development-$3.60M$7.70M$10.00M-$4.75M$4.34M$4.98M$4.32M$5.03M
Selling, general and admin$3.57M$2.89M---$7.77M$6.92M$7.62M$6.99M$6.56M
Operating income-$38.36M-$21.69M-$29.33M-$29.22M-$21.55M-$13.59M-$11.37M-$13.27M-$11.56M-$11.69M
Interest expense$124.0K---------
Pre-tax income-$48.91M-$25.50M-$28.74M-$26.60M-$20.70M-$14.76M-$11.25M-$13.10M-$11.28M-$10.18M
Income tax--$1.03M-$1.25M-$278.0K-$1.82M--$895.0K-$850.0K-$1.12M-$698.0K
Net income-$48.91M-$24.47M-$27.48M-$26.33M-$18.87M-$14.76M-$10.35M-$12.25M-$10.16M-$9.49M
EPS, basic-$0.25-$0.19-$0.47-$0.47-$0.35-$0.49-$1.44-$9.52-$13.24-$44.60
EPS, diluted-$0.25-$0.19-$0.47-$0.47-$0.35-$0.49-$1.44-$9.52-$13.24-$44.60
Diluted shares194.3M126.9M59.0M56.0M54.01B30.0M7.2M1.3M767,330212,958.6

Balance sheet

Balance sheet
Line item
FY2026
Apr 30, 2026
FY2025
Apr 30, 2025
FY2024
Apr 30, 2024
FY2023
Apr 30, 2023
FY2022
Apr 30, 2022
FY2021
Apr 30, 2021
FY2020
Apr 30, 2020
FY2019
Apr 30, 2019
FY2018
Apr 30, 2018
FY2017
Apr 30, 2017
Cash and equivalents$8.72M$6.71M$3.15M$6.88M$7.88M$83.03M$10.00M$16.66M$11.50M$8.91M
Short-term investments---$27.79M$49.38M---$25.0K$25.0K
Receivables$587.0K$1.19M$796.0K$745.0K$482.0K$350.0K$105.0K$63.0K$171.0K$48.0K
Inventory$3.19M$4.22M$4.83M$1.04M$442.0K-----
Current assets$15.89M$13.62M$10.54M$37.67M$59.30M$84.44M$11.65M$17.62M$13.26M$9.75M
Goodwill$8.54M$8.54M$8.54M$8.54M$8.54M-----
Total assets$39.92M$30.79M$28.70M$53.37M$73.39M$86.38M$13.54M$18.37M$14.12M$10.07M
Current liabilities$26.41M$3.29M$7.36M$7.91M$2.98M$4.69M$1.90M$2.44M$3.74M$4.60M
Short-term debt-----$495.0K----
Long-term debt-----$396.0K---$23.0K
Total debt$12.01M----$891.0K---$23.0K
Total liabilities$27.45M$4.14M$9.36M$9.42M$4.56M$5.91M$3.04M$2.59M$3.88M$4.63M
Shareholders' equity$12.48M$26.65M$19.34M$43.95M$68.83M$80.47M$10.49M$15.78M$10.24M$5.45M

Cash flow

Cash flow
Line item
FY2026
Apr 30, 2026
FY2025
Apr 30, 2025
FY2024
Apr 30, 2024
FY2023
Apr 30, 2023
FY2022
Apr 30, 2022
FY2021
Apr 30, 2021
FY2020
Apr 30, 2020
FY2019
Apr 30, 2019
FY2018
Apr 30, 2018
FY2017
Apr 30, 2017
Operating cash flow-$20.77M-$18.63M-$29.76M-$21.71M-$21.30M-$11.67M-$10.58M-$12.14M-$10.70M-$10.04M
Capital expenditures$4.01M$505.0K$2.58M$648.0K$145.0K$26.0K$65.0K$54.0K--
Free cash flow-$24.78M-$19.14M-$32.35M-$22.36M-$21.44M-$11.70M-$10.64M-$12.19M--
Investing cash flow-$4.01M-$505.0K$25.50M$20.46M-$54.03M$74.0K-$65.0K-$29.0K-$658.0K$13.0K
Financing cash flow$26.79M$22.70M$469.0K-$14.0K$87.0K$84.17M$4.45M$17.18M$14.58M$11.95M
Share repurchases--$14.0K$14.0K$3.0K$36.0K$1.0K$1.0K$37.0K$125.0K
Stock-based compensation$9.49M$4.60M$1.16M$1.46M$1.17M$721.0K$340.0K$295.0K$329.0K$1.23M
Depreciation and amortization$1.03M$904.0K$420.0K$183.0K$144.0K$143.0K$158.0K$180.0K$122.0K$140.0K

Key ratios

Key ratios
Line item
FY2026
Apr 30, 2026
FY2025
Apr 30, 2025
FY2024
Apr 30, 2024
FY2023
Apr 30, 2023
FY2022
Apr 30, 2022
FY2021
Apr 30, 2021
FY2020
Apr 30, 2020
FY2019
Apr 30, 2019
FY2018
Apr 30, 2018
FY2017
Apr 30, 2017
Revenue growth, YoY-36.2%6.1%102.2%55.3%45.9%-28.3%166.1%23.7%-39.4%19.6%
Gross margin-158.4%28.3%51.1%8.6%-5.7%-89.0%-6.2%-106.2%-49.3%-11.3%
Operating margin-1026.6%-370.0%-530.9%-1069.4%-1225.3%-1127.0%-675.7%-2099.8%-2262.2%-1386.4%
Net margin-1308.9%-417.4%-497.4%-963.6%-1073.0%-1223.9%-615.5%-1937.7%-1987.7%-1125.3%
Free cash flow margin-663.2%-326.5%-585.5%-818.3%-1218.9%-970.1%-632.8%-1929.4%--
Return on equity-392.1%-91.8%-142.1%-59.9%-27.4%-18.3%-98.7%-77.6%-99.2%-174.2%
Return on assets-122.5%-79.5%-95.7%-49.3%-25.7%-17.1%-76.5%-66.7%-71.9%-94.2%
Current ratio0.604.141.434.7619.9117.996.137.213.542.12
Debt to equity0.96----0.01---0.00

Source: XBRL data Ocean Power Technologies Inc. files with the SEC, latest filing dated Sep 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Dec 14, 2015; 1-for-20, first reported Jul 22, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OPTT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OPTT$4.26M-25.8%-$52.06M-1222.8%$4.4M
NEE$27.87B+10.3%$8.18B29.4%$182.17B
SO$30.17B+7.9%$4.34B14.4%$108.94B
CEG$31.27B+26.0%$3.48B11.1%$97.82B
AEP$22.43B+9.3%$3.72B16.6%$69.88B
D$17.52B+17.5%$2.95B16.9%$60.02B
ETR$13.29B+11.4%$1.79B13.4%$53.41B
VST$20.97B+19.8%$2.71B12.9%$44.95B
FTSC$12.17B+5.8%C$1.71B14.1%$30.71B

OPTT FAQ

8 questions
  • What is OPTT revenue?
    Ocean Power Technologies Inc. (OPTT) reported $4.26M of revenue for the twelve months ended Jul 31, 2026. That is down 25.8% from the year before. Revenue for fiscal 2026 was $3.74M.
  • Is OPTT profitable?
    No. Ocean Power Technologies Inc. reported a net loss of $52.06M for the twelve months ended Jul 31, 2026.
  • How much cash and debt does OPTT have?
    Ocean Power Technologies Inc. reported $7.36M in cash and cash equivalents and $9.91M of debt on its most recent balance sheet in SEC filings.
  • How fast is OPTT revenue growing?
    Ocean Power Technologies Inc.'s revenue changed -36.2% in fiscal 2026, to $3.74M. Its compound annual growth rate was +25.4% over 5 years and +18.1% over 10 years.
  • What is OPTT gross margin?
    Ocean Power Technologies Inc.'s gross profit was -$8.73M on $4.26M of revenue for the twelve months ended Jul 31, 2026, a gross margin of -205.0%.
  • What is OPTT free cash flow?
    Ocean Power Technologies Inc. generated -$28.09M of free cash flow for the twelve months ended Jul 31, 2026, which is operating cash flow of -$25.41M less capital expenditures.
  • When did OPTT last report financial results?
    The latest statements here come from Ocean Power Technologies Inc.'s 10-Q filed on Sep 14, 2026, covering the period ended Jul 31, 2026.
  • Where does this OPTT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ocean Power Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.