Ocean Power Technologies, Inc. (OPTT) Financial Statements
Industry: Electric Services
In fiscal 2026, Ocean Power Technologies reported revenue of $3.7M, down 36.2% from $5.9M the year before. Net income was -$48.9M (a -1308.9% net margin), or -$7.50 per diluted share. Gross margin was -158.4% and operating margin was -1026.6%. Operating activities generated -$20.8M of cash, leaving -$24.8M of free cash flow. At fiscal year end, Ocean Power Technologies held $39.9M in total assets against $27.4M in total liabilities, including $8.7M of cash and equivalents.
Open the full interactive Ocean Power Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Ocean Power Technologies Key Stats
| Share Price | $0.72 |
|---|---|
| Market Cap | $5.9M |
| Revenue YoY Growth | -36.2% |
| 52-Week Range | $0.11 – $6.00 |
| Shares Outstanding | 8.2 million (basic, 2027 Q1) |
Ocean Power Technologies Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.8M | $2.7M | $5.5M | $5.9M | $3.7M |
| Gross Profit | -$1.1M | -$101,000 | $236,000 | $2.8M | $1.7M | -$5.9M |
| Operating Income | -$13.6M | -$21.6M | -$29.2M | -$29.3M | -$21.7M | -$38.4M |
| Pre-Tax Income | -$14.8M | -$20.7M | -$26.6M | -$28.7M | -$22.5M | -$48.9M |
| Income Tax | — | -$1.8M | -$278,000 | -$1.3M | -$1.0M | — |
| Net Income | -$14.8M | -$18.9M | -$26.3M | -$27.5M | -$21.5M | -$48.9M |
| Diluted EPS | -$14.70 | — | -$0.01 | -$14.10 | -$5.10 | -$7.50 |
Ocean Power Technologies Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $424,000 | $513,000 | $1.6M | $1.7M |
| Net Income | -$10.8M | -$11.4M | -$19.3M | -$10.5M |
| Diluted EPS | -$1.80 | -$1.80 | -$0.10 | -$1.28 |
Ocean Power Technologies Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $83.0M | $7.9M | $6.9M | $3.2M | $6.7M | $8.7M |
| Current Assets | $84.4M | $59.3M | $37.7M | $10.5M | $13.6M | $15.9M |
| Total Assets | $86.4M | $73.4M | $53.4M | $28.7M | $30.8M | $39.9M |
| Current Liabilities | $4.7M | $3.0M | $7.9M | $7.4M | $3.3M | $26.4M |
| Total Long-Term Debt | — | — | — | — | — | $12.0M |
| Total Liabilities | $5.9M | $4.6M | $9.4M | $9.4M | $4.1M | $27.4M |
| Shareholders' Equity | $80.5M | $68.8M | $44.0M | $19.3M | $26.7M | $12.5M |
Ocean Power Technologies Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$11.7M | -$21.3M | -$21.7M | -$29.8M | -$18.6M | -$20.8M |
| Cash From Investing | $74,000 | -$54.0M | $20.5M | $25.5M | -$505,000 | -$4.0M |
| Cash From Financing | $84.2M | $87,000 | -$14,000 | $469,000 | $22.7M | $26.8M |
| Free Cash Flow | -$11.7M | -$21.4M | -$22.3M | -$32.4M | -$19.1M | -$24.8M |
Figures from Ocean Power Technologies' 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 Power Technologies financials page for every line item.
Ocean Power Technologies Company Profile
| Ticker | OPTT |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Monroe Township, New Jersey |
| Incorporated in | New Jersey |
| Fiscal Year End | April 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001378140 |
Frequently Asked Questions
What was Ocean Power Technologies' revenue in fiscal 2026?
Ocean Power Technologies (OPTT) reported revenue of $3.7M for fiscal 2026.
What is Ocean Power Technologies' annual revenue history?
Ocean Power Technologies' annual revenue by fiscal year: 2021: $1.2M; 2022: $1.8M; 2023: $2.7M; 2024: $5.5M; 2025: $5.9M; 2026: $3.7M.
What was Ocean Power Technologies' net income in fiscal 2026?
Ocean Power Technologies reported net income of -$48.9M for fiscal 2026.
What was Ocean Power Technologies' earnings per share (EPS) in fiscal 2026?
Ocean Power Technologies' diluted EPS was -$7.50 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Ocean Power Technologies generate in fiscal 2026?
Ocean Power Technologies generated -$24.8M of free cash flow in fiscal 2026.
What was Ocean Power Technologies' revenue last quarter?
In its most recent reported quarter (2027 Q1), Ocean Power Technologies reported revenue of $1.7M.
How much debt does Ocean Power Technologies have?
Ocean Power Technologies reported $12.0M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Ocean Power Technologies are outstanding?
Ocean Power Technologies reported a weighted average of 8.2 million basic shares outstanding in 2027 Q1.
What is Ocean Power Technologies' market cap?
Based on its latest closing price, Ocean Power Technologies (OPTT) has a market capitalization of about $5.9M.
When does Ocean Power Technologies' fiscal year end?
Ocean Power Technologies' fiscal year end, as registered with the SEC, is April 30.
Where is Ocean Power Technologies headquartered?
Ocean Power Technologies lists its business address in Monroe Township, New Jersey in its SEC filings.