Ocean Power Technologies, Inc.OPTTEarnings & Financial Report
Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept ...
Revenue
$825.0K
Gross Profit
$197.0K
Operating Profit
$-5.9M
Net Profit
$-6.7M
Gross Margin
23.9%
Operating Margin
-712.1%
Net Margin
-814.5%
YoY Growth
-54.0%
EPS
$-0.04
Ocean Power Technologies, Inc. Q3 FY2025 Financial Summary
Ocean Power Technologies, Inc. reported revenue of $825.0K (down 54.0% YoY) for Q3 FY2025, with a net profit of $-6.7M (down 3.2% YoY) (-814.5% margin). Cost of goods sold was $628.0K, operating expenses totaled $6.1M.
Key Financial Metrics
| Total Revenue | $825.0K |
|---|---|
| Net Profit | $-6.7M |
| Gross Margin | 23.9% |
| Operating Margin | -712.1% |
| Report Period | Q3 FY2025 |
Ocean Power Technologies, Inc. Annual Revenue by Year
Ocean Power Technologies, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.9M |
| 2024 | $5.5M |
| 2023 | $2.7M |
| 2022 | $1.8M |
Ocean Power Technologies, Inc. Quarterly Revenue & Net Profit History
Ocean Power Technologies, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $424.0K | -82.5% | $-10.8M | -2553.1% |
| Q1 FY2026 | $1.2M | -9.1% | $-7.4M | -625.0% |
| Q4 FY2025 | $1.3M | -16.2% | $-6.4M | -487.9% |
| Q3 FY2025 | $825.0K | -54.0% | $-6.7M | -814.5% |
| Q2 FY2025 | $2.4M | +172.0% | $-3.9M | -161.8% |
| Q1 FY2025 | $1.3M | +2.3% | $-4.5M | -342.3% |
| Q4 FY2024 | $1.6M | +60.2% | $-6.7M | -427.6% |
| Q3 FY2024 | $1.8M | +144.1% | $-6.5M | -363.2% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.6M | $1.3M | $2.4M | $825000 | $1.3M | $1.2M | $424000 |
| YoY Growth | 144.1% | 60.2% | 2.3% | 172.0% | -54.0% | -16.2% | -9.1% | -82.5% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $34.6M | $28.7M | $29.2M | $26.9M | $34.4M | $30.8M | $36.6M | $39.3M |
| Liabilities | $9.3M | $9.4M | $6.9M | $4.8M | $5.5M | $4.1M | $12.4M | $17.0M |
| Equity | $25.3M | $19.3M | $22.3M | $22.1M | $28.9M | $26.7M | $24.2M | $22.3M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-9.2M | $-5.1M | $-6.1M | $-4.8M | $-3.7M | $-4.0M | $-5.6M | $-7.5M |