OPTT · Ocean Power Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $513.0K | $424.0K | $1.18M | $2.42M | $825.0K | $1.30M | $889.0K | $1.79M | $1.27M | $303.0K |
| Cost of Revenue | $1.27M | $1.80M | $1.21M | $1.62M | $628.0K | $854.0K | $401.0K | $979.0K | $609.0K | $264.0K |
| Gross Profit | ($755.0K) | ($1.38M) | ($23.0K) | $795.0K | $197.0K | $447.0K | $488.0K | $813.0K | $663.0K | $39.0K |
| R&D | $600.0K | $300.0K | $600.0K | $700.0K | $1.30M | $500.0K | $2.10M | $2.00M | $1.90M | - |
| SG&A | $789.0K | $518.0K | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $8.36M | $8.74M | $7.05M | $4.71M | $6.07M | $4.92M | $8.00M | $8.55M | $8.10M | $6.41M |
| D&A | $188.0K | $237.0K | $194.0K | $252.0K | $155.0K | $204.0K | $101.0K | $114.0K | $71.0K | - |
| Operating Income | ($9.12M) | ($10.12M) | ($7.08M) | ($3.92M) | ($5.88M) | ($4.47M) | ($7.48M) | ($7.71M) | ($7.38M) | ($6.28M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | ($1.25M) | - | - |
| Net Income | ($11.37M) | ($10.82M) | ($7.39M) | ($3.91M) | ($6.72M) | ($4.45M) | ($7.21M) | ($6.51M) | ($7.04M) | ($4.84M) |
| EPS - Basic | ($0.06) | ($0.06) | ($0.04) | ($0.04) | ($0.04) | ($0.05) | ($0.12) | ($0.11) | ($0.12) | ($0.09) |
| EPS - Diluted | ($0.06) | ($0.06) | ($0.04) | ($0.04) | ($0.04) | ($0.05) | ($0.12) | ($0.11) | ($0.10) | - |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.06M | $11.66M | $9.86M | $6.71M | $10.03M | $3.18M | $3.15M | $4.72M | $3.86M | $6.88M |
| Accounts Receivable | $6.13M | $1.10M | $2.21M | $1.19M | $1.63M | $963.0K | $796.0K | $625.0K | $730.0K | $745.0K |
| Inventory | $5.24M | $4.69M | $4.87M | $4.22M | $3.95M | $5.68M | $4.83M | $3.46M | $1.73M | $1.04M |
| Accounts Payable | $1.54M | $1.44M | $1.28M | $568.0K | $637.0K | $1.74M | $3.37M | $1.47M | $1.30M | $952.0K |
| Current Assets | $21.11M | $18.93M | $18.38M | $13.62M | $16.83M | $11.09M | $10.54M | $17.54M | $30.09M | $37.67M |
| Total Assets | $41.14M | $39.32M | $36.62M | $30.79M | $34.41M | $29.18M | $28.70M | $34.56M | $45.68M | $53.37M |
| Current Liabilities | $19.70M | $15.36M | $11.62M | $3.29M | $4.34M | $5.14M | $7.36M | $7.04M | $5.75M | $7.91M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $21.05M | $17.02M | $12.43M | $4.14M | $5.50M | $6.87M | $9.36M | $9.30M | $7.12M | $9.42M |
| Stockholders' Equity | $20.09M | $22.30M | $24.19M | $26.65M | $28.91M | $22.31M | $19.34M | $25.26M | $38.56M | $43.95M |
| Retained Earnings | ($358.67M) | ($347.30M) | ($336.48M) | ($329.09M) | ($322.66M) | ($312.03M) | ($307.58M) | ($300.86M) | ($287.13M) | ($280.10M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($5.61M) | - | - | ($6.12M) | - | - | ($7.99M) | - |
| Investing Cash Flow | - | - | ($1.45M) | - | - | ($374.0K) | - | - | $4.97M | - |
| Financing Cash Flow | - | - | $10.20M | - | - | $6.53M | - | - | ($2.0K) | - |
| CapEx | - | - | $1.45M | - | - | $374.0K | - | - | $133.0K | - |
| Free Cash Flow | - | - | ($7.06M) | - | - | ($6.50M) | - | - | ($8.12M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -147.2% | -325.5% | -1.9% | 32.9% | 23.9% | 34.4% | 54.9% | 45.4% | 52.1% | 12.9% |
| Operating margin | -1777.4% | -2387.5% | -598.8% | -161.9% | -712.1% | -343.8% | -841.8% | -430.0% | -580.0% | -2072.6% |
| EBITDA margin | -1740.7% | -2331.6% | -582.4% | -151.5% | -693.3% | -328.1% | -830.5% | -423.6% | -574.4% | - |
| Net margin | -2215.6% | -2553.1% | -625.0% | -161.8% | -814.5% | -342.3% | -811.4% | -363.2% | -553.4% | -1598.7% |
| Free cash flow margin | - | - | -597.1% | - | - | -499.5% | - | - | -638.6% | - |
| FCF / Net income | - | - | 0.96 | - | - | 1.46 | - | - | 1.15 | - |
| R&D / Revenue | 117.0% | 70.8% | 50.8% | 28.9% | 157.6% | 38.4% | 236.2% | 111.6% | 149.4% | - |
| SG&A / Revenue | 153.8% | 122.2% | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -27.6% | -27.5% | -20.2% | -12.7% | -19.5% | -15.3% | -25.1% | -18.8% | -15.4% | -9.1% |
| Return on equity | -56.6% | -48.5% | -30.5% | -14.7% | -23.2% | -20.0% | -37.3% | -25.8% | -18.3% | -11.0% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.07 | 1.23 | 1.58 | 4.14 | 3.88 | 2.16 | 1.43 | 2.49 | 5.24 | 4.76 |
| Quick ratio | 0.81 | 0.93 | 1.16 | 2.86 | 2.97 | 1.05 | 0.78 | 2.00 | 4.94 | 4.63 |
| Cash ratio | 0.36 | 0.76 | 0.85 | 2.04 | 2.31 | 0.62 | 0.43 | 0.67 | 0.67 | 0.87 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.05 | 1.76 | 1.51 | 1.16 | 1.19 | 1.31 | 1.48 | 1.37 | 1.18 | 1.21 |
| Liabilities / Assets | 0.51 | 0.43 | 0.34 | 0.13 | 0.16 | 0.24 | 0.33 | 0.27 | 0.16 | 0.18 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | 0.01 | 0.03 | 0.08 | 0.02 | 0.04 | 0.03 | 0.05 | 0.03 | 0.01 |
| Inventory turnover | 0.24 | 0.38 | 0.25 | 0.38 | 0.16 | 0.15 | 0.08 | 0.28 | 0.35 | 0.25 |
| Days sales outstanding | 4363d | 947d | 682d | 180d | 719d | 270d | 327d | 127d | 209d | 897d |
| Days inventory outstanding | 1507d | 950d | 1474d | 949d | 2295d | 2428d | 4397d | 1290d | 1037d | 1443d |
| Days payable outstanding | 444d | 291d | 389d | 128d | 370d | 744d | 3064d | 547d | 777d | 1316d |
| Cash conversion cycle | 5426d | 1606d | 1767d | 1002d | 2644d | 1954d | 1660d | 871d | 469d | 1025d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.9x | 4.2x | 3.9x | 1.7x | 3.4x | 0.8x | 0.5x | 0.7x | 0.9x | - |
| P / S | 190.5x | 220.8x | 79.0x | 18.4x | 118.0x | 13.9x | 11.9x | 9.4x | 26.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -37.8% | -82.5% | -9.1% | 172.0% | -54.0% | 2.3% | 193.4% | 270.2% | 78.2% | 22.7% |
| Revenue CAGR (3y) | 2.0% | 11.9% | 18.3% | 113.9% | 19.5% | 68.5% | 96.0% | 78.1% | - | 14.1% |
| Revenue CAGR (5y) | 10.1% | 29.2% | - | 64.0% | 2.6% | 45.4% | 44.5% | 46.2% | 110.2% | 26.4% |
| Gross profit growth (YoY) | - | - | - | 62.9% | -75.8% | -32.6% | 1151.3% | 497.8% | 241.8% | - |
| Operating income growth (YoY) | -55.2% | -158.6% | -58.2% | 47.7% | 23.8% | 39.4% | -19.2% | -9.2% | -23.1% | -21.1% |
| Net income growth (YoY) | -69.1% | -176.6% | -65.9% | 45.8% | -3.2% | 36.7% | -48.9% | -6.9% | -20.3% | 6.3% |
| EPS growth (YoY) | -50.0% | -50.0% | 20.0% | 66.7% | 63.6% | 50.0% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -8.6% | - | - | 20.0% | - | - | -59.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -30.5% | -16.3% | 8.4% | 37.8% | 14.4% | -42.1% | -56.0% | -52.3% | -39.1% | -36.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-04-30.
Business segments
$11.72M totalOperating Segment$5.86M · 50.0%
Single Operating Segment$5.86M · 50.0%
Product / service
$10.82M totalProduct$5.41M · 50.0%
WAMV$4.22M · 39.0%
Service$718.0K · 6.6%
Buoy$474.0K · 4.4%
Geographic
$16.56M totalRegion$5.41M · 32.7%
North And South America$3.85M · 23.3%
North America$3.85M · 23.3%
Europe$1.89M · 11.4%
EMEA$1.55M · 9.4%
Asia And Australia$3.0K · 0.0%
Peer comparison
Same SIC group: Electric Services
Comparing Ocean Power Technologies against the 5 most active filers in the same SIC group.