Ocean Thermal Energy Corp (CPWR) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, Ocean Thermal Energy reported revenue of $3.0M. Net income was -$69.3M (a -2299.3% net margin), or $0.34 per diluted share. Gross margin was 19.5% and operating margin was -5.7%. Operating activities generated -$93,395 of cash. At fiscal year end, Ocean Thermal Energy held $1.5M in total assets against $114.9M in total liabilities.
Open the full interactive Ocean Thermal Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Ocean Thermal Energy Key Stats
| Share Price | $0.00 |
|---|---|
| Market Cap | $1.1M |
| P/E Ratio | 0.0 |
| 52-Week Range | $0.00 – $0.02 |
| Shares Outstanding | 225.6 million (basic, 2026 Q2) |
Ocean Thermal Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $3.0M |
| Cost of Goods Sold | $2.8M | $2.0M | $1.5M | — | — | — |
| Gross Profit | -$2.8M | -$2.0M | -$1.5M | — | — | $588,932 |
| Operating Income | -$2.8M | -$2.0M | -$1.5M | -$1.5M | -$1.6M | -$172,103 |
| Pre-Tax Income | -$6.5M | -$2.7M | -$6.9M | -$9.2M | -$1.2M | -$69.3M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$6.5M | -$2.7M | -$6.9M | -$9.2M | -$1.2M | -$69.3M |
| Diluted EPS | -$0.05 | — | — | — | -$0.01 | $0.34 |
Ocean Thermal Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $413,567 | $1.6M | $403,517 | $92,403 |
| Net Income | -$72.0M | $98.8M | $62.0M | -$5.2M |
| Diluted EPS | -$0.38 | $0.49 | — | -$0.02 |
Ocean Thermal Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $957 | — | — | — | — |
| Current Assets | $17,442 | $5,957 | $6,404 | $120,149 | $21,142 | $1.5M |
| Total Assets | -$28.0M | $5,957 | $6,404 | $120,149 | $21,142 | $1.5M |
| Current Liabilities | $28.0M | $29.8M | $36.2M | $43.6M | $44.6M | $114.8M |
| Total Long-Term Debt | $8.9M | $3.8M | — | — | $2.6M | $2.6M |
| Total Liabilities | $28.4M | $30.0M | $36.2M | $43.6M | $44.6M | $114.9M |
| Shareholders' Equity | -$28.4M | -$30.0M | -$36.2M | -$43.5M | -$44.6M | -$113.4M |
Ocean Thermal Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$827,111 | -$542,630 | -$327,213 | -$669,463 | -$562,627 | -$93,395 |
| Cash From Financing | $811,310 | $536,145 | $327,660 | $783,208 | $463,620 | $480,920 |
Figures from Ocean Thermal Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ocean Thermal Energy financials page for every line item.
Ocean Thermal Energy Company Profile
| Ticker | CPWR |
|---|---|
| Exchange | OTC |
| Industry | Electric & Other Services Combined |
| Headquarters | Philadelphia, Pennsylvania |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000827099 |
Frequently Asked Questions
What was Ocean Thermal Energy's revenue in fiscal 2025?
Ocean Thermal Energy (CPWR) reported revenue of $3.0M for fiscal 2025.
What is Ocean Thermal Energy's annual revenue history?
Ocean Thermal Energy's annual revenue by fiscal year: 2020: $0; 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $3.0M.
What was Ocean Thermal Energy's net income in fiscal 2025?
Ocean Thermal Energy reported net income of -$69.3M for fiscal 2025.
What was Ocean Thermal Energy's earnings per share (EPS) in fiscal 2025?
Ocean Thermal Energy's diluted EPS was $0.34 for fiscal 2025 (adjusted for any later stock splits).
What was Ocean Thermal Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ocean Thermal Energy reported revenue of $92,403.
How much debt does Ocean Thermal Energy have?
Ocean Thermal Energy reported $2.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ocean Thermal Energy are outstanding?
Ocean Thermal Energy reported a weighted average of 225.6 million basic shares outstanding in 2026 Q2.
What is Ocean Thermal Energy's market cap?
Based on its latest closing price, Ocean Thermal Energy (CPWR) has a market capitalization of about $1.1M.
When does Ocean Thermal Energy's fiscal year end?
Ocean Thermal Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Ocean Thermal Energy headquartered?
Ocean Thermal Energy lists its business address in Philadelphia, Pennsylvania in its SEC filings.