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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Jan '26
$513000
-$11M
-147.2%
-1777.4%
-$7M
—
$7M
Oct '25
$424000
-$11M
-325.5%
-2387.5%
-$8M
—
$12M
Jul '25
$1M
-$7M
-1.9%
-598.8%
-$7M
—
$10M
Apr '25
$1M
-$6M
16.8%
-564.1%
-$4M
—
$7M
Jan '25
$825000
-$7M
23.9%
-712.1%
-$4M
—
$10M
Oct '24
$2M
-$4M
32.9%
-161.9%
-$5M
—
$2M
Jul '24
$1M
-$4M
34.4%
-343.8%
-$6M
—
$3M
Apr '24
$2M
-$7M
54.8%
-430.3%
-$6M
—
$3M
Jan '24
$2M
-$7M
45.4%
-430.0%
-$10M
—
$5M
Oct '23
$889000
-$7M
54.9%
-841.8%
-$8M
—
$3M
Jul '23
$1M
-$7M
52.1%
-580.0%
-$8M
—
$4M
Apr '23
$980000
-$10M
-13.7%
-1008.8%
-$6M
—
$7M
Jan '23
$734000
-$6M
18.5%
-961.4%
-$5M
—
$11M
Oct '22
$303000
-$5M
12.9%
-2072.6%
-$6M
—
$10M
Jul '22
$714000
-$6M
27.2%
-839.4%
-$5M
—
$9M
Apr '22
$756000
-$5M
28.6%
-773.1%
-$5M
—
$8M
Jan '22
$484000
-$5M
-23.3%
-1134.7%
-$6M
—
$63M
Oct '21
—
-$5M
—
—
-$5M
—
$73M
Jul '21
—
-$3M
—
—
-$5M
—
$78M
Apr '21
—
$24M
—
—
—
$891000
$83M
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.
The price-to-sales ratio has fallen from 68.2× (Mar '23) to 9.7× (Jun '26).
Price / sales (P/S)
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.