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OPTT Financials Ocean Power Technologies, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 28.1% per year over the past 5 years.
  • Operating margin has expanded, at -370.0% in the latest year.

Financial health

  • Total debt has grown faster than revenue (77.9% vs 28.1% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$27M -$10M $7M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-2262% -1106% 51% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$32M -$16M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $42M $83M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$54M $15M $84M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $6M -$22M 28.3% -370.0% -$19M $7M
2024 $6M -$27M 51.1% -530.9% -$32M $3M
2023 $3M -$26M 8.6% -1069.4% -$22M $7M
2022 $2M -$19M -5.7% -1225.3% -$21M $8M
2021 -$15M -$12M $891000 $83M
2020 $2M -$10M -6.2% -668.5% $10M
2019 $600000 -$12M -111.8% -2211.8% $17M
2018 $511000 -$10M -49.3% -2262.2% $11M
2017 $843000 -$9M -11.3% -1386.4% $8M
2016 $705000 -$13M 5.2% -2107.5% $50000 $7M
2015 $4M -$13M -13.8% -348.0% $150000 $17M
2014 $1M -$11M -0.8% -877.3% $150000 $14M
2013 $4M -$15M 3.7% -451.3% $350000 $6M
2012 $6M -$15M 1.0% -288.5% $450000 $9M
2011 $7M -$20M 6.5% -318.1% $589378 $4M

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 34.1 68.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '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 grown 28.1% per year. These are computed facts, not advice.

How much debt does OPTT have?

As of FY2025, Ocean Power Technologies, Inc. reported — of total debt against $7M of cash.

What is OPTT's profit margin?

In FY2025, gross margin was 28.3%, operating margin -370.0%, and net margin -367.0%.

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.