Ocean Power Technologies (OPTT) Financial Statements & Analysis

Ocean Power Technologies (OPTT) Income Statement

Ocean Power Technologies reported revenue of $3.74M in fiscal 2026 (fiscal year ended Apr 30, 2026), down 36.2% from $5.86M a year earlier. Ocean Power Technologies posted a net loss of $44.82M, compared with a net loss of $24.47M a year earlier. Gross margin was -217.7% and operating margin -1095.9%. In the most recent quarter, Q1 fiscal 2027 (ended Jul 31, 2026), revenue was $1.70M, up 44.1% from the same quarter a year earlier.

Ocean Power Technologies Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ocean Power Technologies, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Revenue & Gross Profit
Revenue	3.74	5.86	5.53	2.73	1.76	1.21	1.68	0.63	0.51	0.84
Cost of Revenue	9.66	4.20	2.70	2.50	1.86	2.28	1.79	1.30	0.76	0.94
Gross Profit	-8.14	1.66	2.83	0.24	-0.10	-1.07	-0.11	-0.67	-0.25	-0.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	9.61	4.75	4.34	4.98	4.32	5.03
Selling, General & Administrative	32.44	23.35	32.23	28.34	21.51	7.77	6.92	7.62	6.99	6.56
Operating Expenses	31.68	23.35	32.23	28.34	21.51	12.52	11.26	12.60	11.31	11.59
Operating Income	-40.95	-21.69	-29.33	-29.22	-21.61	-13.59	-11.37	-13.27	-11.56	-11.69
Other Income/Expense
Interest Income	0.00	0.05	0.80	0.90	0.12	0.12	0.12	0.04	0.08	0.03
Interest Expense	2.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	-3.87	-3.86	0.52	3.72	0.79	-1.17	0.12	0.18	0.28	1.50
Income
Income Before Tax	-48.92	-25.50	-28.74	-26.60	-20.70	-14.76	-11.25	-13.10	-11.28	-10.18
Income Tax Expense	0.00	-1.03	-1.25	-0.28	-1.82	0.00	-0.90	-0.85	-1.12	-0.70
Net Income	-44.82	-24.47	-27.48	-26.33	-18.87	-14.76	-10.35	-12.25	-10.16	-9.49
Net Income - Continuous Operations	-43.68	-24.47	-27.48	-26.33	-18.87	-14.76	-10.35	-12.25	-10.16	-9.49
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-37.34	-19.93	-28.84	-27.76	-21.10	-13.22	-11.01	-13.09	-11.44	-11.55
EBIT	-38.36	-21.69	-29.40	-28.10	-21.61	-13.59	-	-	-	-
Depreciation & Amortization	1.97	1.76	0.57	0.34	0.52	0.37	0.36	0.18	0.12	0.14
Earnings Per Share
Basic EPS	-8.00	-6.00	-14.00	-14.00	-	-16.00	-43.00	-286.00	-397.00	-1336.00
Diluted EPS	-	-6.00	-	-	-	-16.00	-43.00	-286.00	-397.00	-1336.00
Basic Shares Outstanding	6.48	4.23	1.97	1.87	54.01	1.00	0.24	0.04	0.03	0.01
Diluted Shares Outstanding	6.48	4.23	1.97	1.87	54.01	1.00	0.24	0.04	0.03	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Ocean Power Technologies Financial Statements

What was Ocean Power Technologies's revenue in fiscal 2026?

Ocean Power Technologies reported revenue of $3.74M in fiscal 2026 (fiscal year ended Apr 30, 2026). That was down 36.2% from $5.86M a year earlier.

Is Ocean Power Technologies profitable?

No. Ocean Power Technologies reported a net loss of $44.82M in fiscal 2026. In fiscal 2025 it lost $24.47M.

What is Ocean Power Technologies's operating margin?

Ocean Power Technologies's operating income was −$40.95M on revenue of $3.74M in fiscal 2026, an operating margin of -1095.9%, compared with -370.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition