Ocean Power Tech Financials
This page shows Ocean Power Tech (OPTT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ocean Power Tech has an operating margin of -370.0%, meaning the company retains $-370 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -530.9% the prior year.
Ocean Power Tech's revenue grew 6.1% year-over-year to $5.9M, a solid pace of expansion. This earns a growth score of 43/100.
Ocean Power Tech carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Ocean Power Tech's current ratio of 1.58 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.
While Ocean Power Tech generated -$18.6M in operating cash flow, capex of $505K consumed most of it, leaving -$19.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ocean Power Tech generates a -88.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -123.2% the prior year.
Ocean Power Tech passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Ocean Power Tech generates $0.87 in operating cash flow (-$18.6M OCF vs -$21.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ocean Power Tech earns $-461.4 in operating income for every $1 of interest expense (-$21.7M vs $47K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Ocean Power Tech generated $5.9M in revenue in fiscal year 2025. This represents an increase of 6.1% from the prior year.
Ocean Power Tech's EBITDA was -$20.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.1% from the prior year.
Ocean Power Tech reported -$21.5M in net income in fiscal year 2025. This represents an increase of 21.7% from the prior year.
Ocean Power Tech earned $-0.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 63.8% from the prior year.
Cash & Balance Sheet
Ocean Power Tech generated -$19.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.8% from the prior year.
Ocean Power Tech held $9.9M in cash against $0 in long-term debt as of fiscal year 2025.
Ocean Power Tech had 178M shares outstanding in fiscal year 2025. This represents an increase of 91.5% from the prior year.
Margins & Returns
Ocean Power Tech's gross margin was 28.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 22.8 percentage points from the prior year.
Ocean Power Tech's operating margin was -370.0% in fiscal year 2025, reflecting core business profitability. This is up 160.9 percentage points from the prior year.
Ocean Power Tech's net profit margin was -367.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 130.4 percentage points from the prior year.
Ocean Power Tech's ROE was -88.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 34.3 percentage points from the prior year.
Capital Allocation
Ocean Power Tech invested $3.6M in research and development in fiscal year 2025. This represents a decrease of 53.2% from the prior year.
Ocean Power Tech invested $505K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 80.5% from the prior year.
OPTT Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $513K0.0% | $513K+21.0% | $424K-64.1% | $1.2M-10.3% | $1.3M+59.6% | $825K-65.9% | $2.4M+85.9% | $1.3M |
| Cost of Revenue | $1.3M0.0% | $1.3M-29.7% | $1.8M+49.7% | $1.2M+9.9% | $1.1M+74.5% | $628K-61.3% | $1.6M+90.0% | $854K |
| Gross Profit | -$755K0.0% | -$755K+45.3% | -$1.4M-5900.0% | -$23K-110.4% | $221K+12.2% | $197K-75.2% | $795K+77.9% | $447K |
| R&D Expenses | $1.1M+83.3% | $600K+100.0% | $300K-50.0% | $600K-66.7% | $1.8M+157.1% | $700K+16.7% | $600K+20.0% | $500K |
| SG&A Expenses | $849K0.0% | $849K+26.0% | $674K | N/A | N/A | $789K+52.3% | $518K | N/A |
| Operating Income | -$9.1M0.0% | -$9.1M+9.9% | -$10.1M-43.0% | -$7.1M+4.6% | -$7.4M-26.3% | -$5.9M-50.1% | -$3.9M+12.5% | -$4.5M |
| Interest Expense | -$726K0.0% | -$726K-28.7% | -$564K-81.9% | -$310K-985.7% | $35K+483.3% | $6K+100.0% | $3K0.0% | $3K |
| Income Tax | $373K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$11.4M0.0% | -$11.4M-5.0% | -$10.8M-46.5% | -$7.4M-15.0% | -$6.4M+4.4% | -$6.7M-71.7% | -$3.9M+12.1% | -$4.5M |
| EPS (Diluted) | $-0.060.0% | $-0.060.0% | $-0.06-50.0% | $-0.04 | N/A | $-0.040.0% | $-0.04+20.0% | $-0.05 |
OPTT Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $41.1M0.0% | $41.1M+4.6% | $39.3M+7.4% | $36.6M+18.9% | $30.8M-10.5% | $34.4M+27.7% | $26.9M-7.7% | $29.2M |
| Current Assets | $21.1M0.0% | $21.1M+11.5% | $18.9M+3.0% | $18.4M+35.0% | $13.6M-19.1% | $16.8M+78.7% | $9.4M-15.0% | $11.1M |
| Cash & Equivalents | $7.1M0.0% | $7.1M-39.5% | $11.7M+18.2% | $9.9M+46.8% | $6.7M-33.0% | $10.0M+379.3% | $2.1M-34.3% | $3.2M |
| Inventory | $5.2M0.0% | $5.2M+11.6% | $4.7M-3.5% | $4.9M+15.2% | $4.2M+6.9% | $3.9M-17.3% | $4.8M-16.0% | $5.7M |
| Accounts Receivable | $6.1M0.0% | $6.1M+457.5% | $1.1M-50.2% | $2.2M+85.3% | $1.2M-26.8% | $1.6M-8.9% | $1.8M+85.4% | $963K |
| Goodwill | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M |
| Total Liabilities | $21.1M0.0% | $21.1M+23.7% | $17.0M+36.9% | $12.4M+200.1% | $4.1M-24.6% | $5.5M+13.8% | $4.8M-29.7% | $6.9M |
| Current Liabilities | $19.7M0.0% | $19.7M+28.2% | $15.4M+32.2% | $11.6M+253.3% | $3.3M-24.3% | $4.3M+28.5% | $3.4M-34.3% | $5.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $20.1M0.0% | $20.1M-9.9% | $22.3M-7.8% | $24.2M-9.2% | $26.7M-7.8% | $28.9M+30.7% | $22.1M-0.9% | $22.3M |
| Retained Earnings | -$358.7M0.0% | -$358.7M-3.3% | -$347.3M-3.2% | -$336.5M-2.2% | -$329.1M-2.0% | -$322.7M-2.1% | -$315.9M-1.3% | -$312.0M |
OPTT Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M0.0% | -$6.8M+9.9% | -$7.5M-34.4% | -$5.6M-39.9% | -$4.0M-7.2% | -$3.7M+21.6% | -$4.8M+22.2% | -$6.1M |
| Capital Expenditures | $35K0.0% | $35K-86.8% | $266K-81.7% | $1.5M+837.4% | $155K-30.2% | $222K+190.2% | -$246K-165.8% | $374K |
| Free Cash Flow | -$6.8M0.0% | -$6.8M+12.5% | -$7.8M-10.5% | -$7.1M-69.6% | -$4.2M-5.1% | -$4.0M+21.0% | -$5.0M+22.9% | -$6.5M |
| Investing Cash Flow | -$35K0.0% | -$35K+86.8% | -$266K+81.7% | -$1.5M-837.4% | -$155K+30.2% | -$222K-190.2% | $246K+165.8% | -$374K |
| Financing Cash Flow | $2.2M0.0% | $2.2M-76.9% | $9.6M-5.9% | $10.2M+1100.4% | $850K-92.9% | $11.9M+246.8% | $3.4M-47.5% | $6.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OPTT Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -147.2%0.0pp | -147.2%+178.3pp | -325.5%-323.5pp | -1.9%-18.7pp | 16.8%-7.1pp | 23.9%-9.0pp | 32.9%-1.5pp | 34.4% |
| Operating Margin | -1777.4%0.0pp | -1777.4%+610.1pp | -2387.5%-1788.7pp | -598.8%-35.2pp | -563.6%+148.5pp | -712.1%-550.2pp | -161.9%+181.9pp | -343.8% |
| Net Margin | -2215.6%0.0pp | -2215.6%+337.5pp | -2553.1%-1928.0pp | -625.0%-137.2pp | -487.8%+326.7pp | -814.6%-652.7pp | -161.8%+180.4pp | -342.3% |
| Return on Equity | -56.6%0.0pp | -56.6%-8.0pp | -48.5%-18.0pp | -30.5%-6.4pp | -24.1%-0.9pp | -23.2%-5.5pp | -17.7%+2.3pp | -20.0% |
| Return on Assets | -27.6%0.0pp | -27.6%-0.1pp | -27.5%-7.3pp | -20.2%+0.7pp | -20.9%-1.3pp | -19.5%-5.0pp | -14.5%+0.7pp | -15.3% |
| Current Ratio | 1.070.0 | 1.07-0.2 | 1.23-0.3 | 1.58-2.6 | 4.14+0.3 | 3.88+1.1 | 2.79+0.6 | 2.16 |
| Debt-to-Equity | 1.050.0 | 1.05+0.3 | 0.76+0.2 | 0.51+0.4 | 0.16-0.0 | 0.19-0.0 | 0.22-0.1 | 0.31 |
| FCF Margin | -1330.0%0.0pp | -1330.0%+508.9pp | -1838.9%-1241.8pp | -597.1%-281.2pp | -315.9%+164.0pp | -480.0%-272.7pp | -207.3%+292.2pp | -499.5% |
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Frequently Asked Questions
What is Ocean Power Tech's annual revenue?
Ocean Power Tech (OPTT) reported $5.9M in total revenue for fiscal year 2025. This represents a 6.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ocean Power Tech's revenue growing?
Ocean Power Tech (OPTT) revenue grew by 6.1% year-over-year, from $5.5M to $5.9M in fiscal year 2025.
Is Ocean Power Tech profitable?
No, Ocean Power Tech (OPTT) reported a net income of -$21.5M in fiscal year 2025, with a net profit margin of -367.0%.
What is Ocean Power Tech's EBITDA?
Ocean Power Tech (OPTT) had EBITDA of -$20.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ocean Power Tech's gross margin?
Ocean Power Tech (OPTT) had a gross margin of 28.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ocean Power Tech's operating margin?
Ocean Power Tech (OPTT) had an operating margin of -370.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ocean Power Tech's net profit margin?
Ocean Power Tech (OPTT) had a net profit margin of -367.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ocean Power Tech's return on equity (ROE)?
Ocean Power Tech (OPTT) has a return on equity of -88.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ocean Power Tech's free cash flow?
Ocean Power Tech (OPTT) generated -$19.1M in free cash flow during fiscal year 2025. This represents a 40.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ocean Power Tech's operating cash flow?
Ocean Power Tech (OPTT) generated -$18.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ocean Power Tech's total assets?
Ocean Power Tech (OPTT) had $36.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ocean Power Tech's capital expenditures?
Ocean Power Tech (OPTT) invested $505K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ocean Power Tech spend on research and development?
Ocean Power Tech (OPTT) invested $3.6M in research and development during fiscal year 2025.
What is Ocean Power Tech's current ratio?
Ocean Power Tech (OPTT) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.
What is Ocean Power Tech's debt-to-equity ratio?
Ocean Power Tech (OPTT) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ocean Power Tech's return on assets (ROA)?
Ocean Power Tech (OPTT) had a return on assets of -58.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ocean Power Tech's cash runway?
Based on fiscal year 2025 data, Ocean Power Tech (OPTT) had $9.9M in cash against an annual operating cash burn of $18.6M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ocean Power Tech's Piotroski F-Score?
Ocean Power Tech (OPTT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ocean Power Tech's earnings high quality?
Ocean Power Tech (OPTT) has an earnings quality ratio of 0.87x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ocean Power Tech cover its interest payments?
Ocean Power Tech (OPTT) has an interest coverage ratio of -461.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ocean Power Tech?
Ocean Power Tech (OPTT) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.