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OPTT Financials Ocean Power Technologies, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 10.3% per year over the past 5 years.
  • Operating margin has contracted, at -5480.4% in the latest year.

Financial health

  • Total debt ($12M) exceeds cash ($9M); net debt is $3M.
  • Total debt has grown faster than revenue (68.2% vs -10.3% per year).
  • Operating income covered interest expense -309.4× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$49M -$24M $2M $0 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
-6988% -3494% 0% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-392% -196% 0% 2012 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$32M -$16M $0 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $42M $83M 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$54M $15M $84M $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $700000 -$49M -845.9% -5480.4% -392.1% -122.5% -$25M $12M $9M
2025 -$24M -91.8% -79.5% -$19M $7M
2024 -$27M -142.1% -95.7% -$32M $3M
2023 -$26M -59.9% -49.3% -$22M $7M
2022 $2M -$19M -5.7% -1225.3% -27.4% -25.7% -$21M $8M
2021 $1M -$15M -89.0% -1127.0% -18.3% -17.1% -$12M $891000 $83M
2020 $2M -$10M -6.2% -675.7% -98.7% -76.5% $10M
2019 $632000 -$12M -106.2% -2099.8% -77.6% -66.7% $17M
2018 $511000 -$10M -49.3% -2262.2% -99.2% -71.9% $11M
2017 -$9M -174.2% -94.2% $8M
2016 -$13M -372.1% -126.8% $50000 $7M
2015 -$13M -83.6% -69.5% $150000 $17M
2014 -$11M -38.5% -28.8% $150000 $14M
2013 -$15M -80.3% -59.1% $350000 $6M
2012 -$15M -47.1% -40.4% $450000 $9M

Valuation over time

How the market has priced OPTT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 2.4 4.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is OPTT growing its revenue and profit?

Over the past 5 years, Ocean Power Technologies, Inc.'s revenue has declined 10.3% per year. These are computed facts, not advice.

How much debt does OPTT have?

As of FY2026, Ocean Power Technologies, Inc. reported $12M of total debt against $9M of cash; operating income covered interest expense -309.4×.

What is OPTT's profit margin?

In FY2026, gross margin was -845.9%, operating margin -5480.4%, and net margin -6987.9%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.