Ocean Power Technologies, Inc. financials
Source: EDGAR filings · Built 2026-06-19T01:22:25Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -19.14M | -32.35M | -22.36M | -21.44M | -11.70M | -10.64M |
| EBITDA | -20.78M | -28.91M | -29.03M | -21.41M | -13.45M | -11.21M |
| Working Capital | 10.33M | 3.18M | 29.77M | 56.33M | 79.75M | 9.75M |
| Net Debt | -4.92M | -579.00K | -5.04M | -7.03M | -80.97M | -8.70M |
| Gross Margin | 28.32% | 51.15% | 8.64% | -5.74% | -88.97% | -6.24% |
| Operating Margin | -370.01% | -530.88% | -1069.40% | -1225.30% | -1127.03% | -675.68% |
| Net Margin | -367.02% | -497.43% | -963.62% | -1073.00% | -1223.88% | -615.46% |
| Return on Equity (ROE) | -80.71% | -142.08% | -59.90% | -27.42% | -18.34% | -98.66% |
| Return on Assets (ROA) | -69.86% | -95.75% | -49.32% | -25.72% | -17.09% | -76.47% |
| Current Ratio | 4.14× | 1.43× | 4.76× | 19.91× | 17.99× | 6.13× |
| Debt-to-Equity | 0.07× | 0.13× | 0.04× | 0.01× | 0.03× | 0.12× |
| Effective Tax Rate | 4.59% | 4.36% | 1.04% | 8.81% | — | 7.96% |
| Cash Conversion Ratio | 0.87× | 1.08× | 0.82× | 1.13× | 0.79× | 1.02× |
| Accruals Ratio | -0.09× | 0.08× | -0.09× | 0.03× | -0.04× | 0.02× |
| SBC % of Revenue | 78.54% | 20.91% | 53.48% | 66.46% | 59.78% | 20.21% |
| CapEx Coverage | -36.90× | -11.51× | -33.50× | -146.87× | -449.00× | -162.75× |
| Free Cash Flow Per Share | $-0.15 | $-0.55 | $-0.00 | $-0.00 | $-0.39 | $-1.48 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | 1.76M | 1.21M | 1.68M |
| Revenues | 5.86M | 5.53M | 2.73M | 1.76M | — | 1.70M |
| Cost of Revenue | 4.20M | 2.70M | 2.50M | 1.86M | 2.28M | 1.79M |
| Gross Profit | 1.66M | 2.83M | 236.00K | -101.00K | -1.07M | -105.00K |
| Research and Development Expense | 3.60M | 7.70M | 10.00M | — | — | — |
| Selling, General and Administrative Expense | — | — | — | — | 7.77M | 6.92M |
| Operating Expenses | 23.35M | 32.16M | 29.45M | 21.45M | 12.52M | 11.26M |
| Operating Income (Loss) | -21.69M | -29.33M | -29.22M | -21.55M | -13.59M | -11.37M |
| Income Tax Expense (Benefit) | -1.03M | -1.25M | -278.00K | -1.82M | — | -895.00K |
| Net Income (Loss) Attributable to Parent | -21.51M | -27.48M | -26.33M | -18.87M | -14.76M | -10.35M |
| Earnings Per Share, Basic | $-0.17 | $-0.47 | $-0.47 | $-0.35 | $-0.49 | — |
| Weighted Average Number of Shares Outstanding, Basic | 126.91M | 59.03M | 56.00B | 54.01B | 30.02B | — |
| Earnings Per Share, Diluted | $-0.17 | $-0.47 | $-0.47 | $-0.35 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 126.91M | 59.03M | 56.00B | 54.01B | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.71M | 3.15M | 6.88M | 7.88M | 83.03M | 10.00M |
| Assets, Current | 13.62M | 10.54M | 37.67M | 59.30M | 84.44M | 11.65M |
| Assets | 30.79M | 28.70M | 53.37M | 73.39M | 86.38M | 13.54M |
| Liabilities, Current | 3.29M | 7.36M | 7.91M | 2.98M | 4.69M | 1.90M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 396.00K | — |
| Liabilities | 4.14M | 9.36M | 9.42M | 4.56M | 5.91M | 3.04M |
| Stockholders' Equity Attributable to Parent | 26.65M | 19.34M | 43.95M | 68.83M | 80.47M | 10.49M |
| Common Stock, Shares, Outstanding | 171.26M | 61.26M | 56.26M | 55.88M | 52.48M | 12.94M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.63M | -29.76M | -21.71M | -21.30M | -11.67M | -10.58M |
| Payments to Acquire Property, Plant, and Equipment | 505.00K | 2.58M | 648.00K | 145.00K | 26.00K | — |
| Net Cash Provided by (Used in) Investing Activities | -505.00K | 25.50M | 20.46M | -54.03M | 74.00K | -65.00K |
| Payments for Repurchase of Common Stock | — | 14.00K | 14.00K | 3.00K | 36.00K | 1.00K |
| Net Cash Provided by (Used in) Financing Activities | 22.70M | 469.00K | -14.00K | 87.00K | 84.17M | 4.45M |
Derived Metrics
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -21.68M | -14.86M | -7.06M | -4.16M | -14.98M | -11.02M |
| EBITDA | -8.85M | -9.89M | -6.85M | -7.23M | -5.69M | -3.63M |
| Working Capital | 1.41M | 3.57M | 6.76M | 10.33M | 12.49M | 6.04M |
| Net Debt | 1.50M | 1.19M | -1.17M | -4.92M | -7.96M | 234.00K |
| Gross Margin | -147.17% | -325.47% | -1.95% | 16.79% | 23.88% | 32.88% |
| Operating Margin | -1777.39% | -2387.50% | -598.82% | -564.06% | -712.12% | -161.91% |
| Net Margin | -2215.59% | -2553.07% | -625.04% | -488.30% | -814.55% | -161.83% |
| Return on Equity (ROE) | -56.58% | -48.54% | -30.54% | -24.11% | -23.24% | -17.69% |
| Return on Assets (ROA) | -27.63% | -27.53% | -20.18% | -20.87% | -19.53% | -14.52% |
| Current Ratio | 1.07× | 1.23× | 1.58× | 4.14× | 3.88× | 2.79× |
| Debt-to-Equity | 0.43× | 0.58× | 0.36× | 0.07× | 0.07× | 0.11× |
| Cash Conversion Ratio | 1.75× | 1.21× | 0.76× | 0.62× | 2.18× | 2.78× |
| Accruals Ratio | 0.21× | 0.06× | -0.05× | -0.08× | 0.23× | 0.26× |
| SBC % of Revenue | 506.82% | 658.49% | 202.96% | 248.63% | 94.79% | 12.08% |
| CapEx Coverage | -11.36× | -7.64× | -3.86× | -25.85× | -41.79× | -85.08× |
| Free Cash Flow Per Share | $-0.11 | $-0.08 | $-0.04 | $-0.03 | $-0.10 | $-0.10 |
Income Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Revenues | 513.00K | 424.00K | 1.18M | 1.32M | 825.00K | 2.42M |
| Cost of Revenue | 1.27M | 1.80M | 1.21M | 1.09M | 628.00K | 1.62M |
| Gross Profit | -755.00K | -1.38M | -23.00K | 221.00K | 197.00K | 795.00K |
| Research and Development Expense | 600.00K | 300.00K | 600.00K | 2.20M | 700.00K | 600.00K |
| Operating Expenses | 8.36M | 8.74M | 7.05M | 7.64M | 6.07M | 4.71M |
| Operating Income (Loss) | -9.12M | -10.12M | -7.08M | -7.42M | -5.88M | -3.92M |
| Net Income (Loss) Attributable to Parent | -11.37M | -10.82M | -7.39M | -6.43M | -6.72M | -3.91M |
| Earnings Per Share, Basic | $-0.06 | $-0.06 | $-0.04 | $-0.04 | $-0.04 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Basic | 195.50M | 183.56M | 172.97M | 126.91M | 147.54M | 108.40M |
| Earnings Per Share, Diluted | $-0.06 | $-0.06 | $-0.04 | $-0.04 | $-0.04 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Diluted | 195.50M | 183.56M | 172.97M | 126.91M | 147.54M | 108.40M |
Balance Sheet
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.06M | 11.66M | 9.86M | 6.71M | 10.03M | 2.09M |
| Assets, Current | 21.11M | 18.93M | 18.38M | 13.62M | 16.83M | 9.42M |
| Assets | 41.14M | 39.32M | 36.62M | 30.79M | 34.41M | 26.95M |
| Liabilities, Current | 19.70M | 15.36M | 11.62M | 3.29M | 4.34M | 3.38M |
| Liabilities | 21.05M | 17.02M | 12.43M | 4.14M | 5.50M | 4.83M |
| Stockholders' Equity Attributable to Parent | 20.09M | 22.30M | 24.19M | 26.65M | 28.91M | 22.12M |
| Common Stock, Shares, Outstanding | 216.11M | 188.99M | 171.26M | 171.26M | 170.00M | 124.60M |
Cash Flow Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -19.92M | -13.14M | -5.61M | -4.01M | -14.63M | -10.89M |
| Payments to Acquire Property, Plant, and Equipment | 1.75M | 1.72M | 1.45M | 155.00K | 350.00K | 128.00K |
| Net Cash Provided by (Used in) Investing Activities | -1.75M | -1.72M | -1.45M | -155.00K | -350.00K | -128.00K |
| Net Cash Provided by (Used in) Financing Activities | 22.02M | 19.80M | 10.20M | 850.00K | 21.85M | 9.96M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (OPTT CIK 0001378140),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.