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Side-by-side financial comparison of Ocean Power Technologies, Inc. (OPTT) and Planet Green Holdings Corp. (PLAG). Click either name above to swap in a different company.

Planet Green Holdings Corp. is the larger business by last-quarter revenue ($521.7K vs $424.0K, roughly 1.2× Ocean Power Technologies, Inc.). On growth, Planet Green Holdings Corp. posted the faster year-over-year revenue change (-36.7% vs -82.5%). Planet Green Holdings Corp. produced more free cash flow last quarter ($-1.8M vs $-7.8M). Over the past eight quarters, Planet Green Holdings Corp.'s revenue compounded faster (-41.1% CAGR vs -51.4%).

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 ...

Planet 13 Holdings, Inc. is a cannabis company based in Nevada, United States. On Nov 1, 2018, the company opened its cannabis dispensary in Las Vegas which became the largest cannabis dispensary in the world at 112,000 square feet.

OPTT vs PLAG — Head-to-Head

Bigger by revenue
PLAG
PLAG
1.2× larger
PLAG
$521.7K
$424.0K
OPTT
Growing faster (revenue YoY)
PLAG
PLAG
+45.8% gap
PLAG
-36.7%
-82.5%
OPTT
More free cash flow
PLAG
PLAG
$6.0M more FCF
PLAG
$-1.8M
$-7.8M
OPTT
Faster 2-yr revenue CAGR
PLAG
PLAG
Annualised
PLAG
-41.1%
-51.4%
OPTT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
OPTT
OPTT
PLAG
PLAG
Revenue
$424.0K
$521.7K
Net Profit
$-10.8M
Gross Margin
-325.5%
1.8%
Operating Margin
-2387.5%
Net Margin
-2553.1%
Revenue YoY
-82.5%
-36.7%
Net Profit YoY
-176.6%
-296.7%
EPS (diluted)
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OPTT
OPTT
PLAG
PLAG
Q4 25
$424.0K
$521.7K
Q3 25
$1.2M
$771.6K
Q2 25
$1.3M
$907.0K
Q1 25
$825.0K
$840.3K
Q4 24
$2.4M
$823.5K
Q3 24
$1.3M
$1.5M
Q2 24
$1.6M
$904.1K
Q1 24
$1.8M
$1.5M
Net Profit
OPTT
OPTT
PLAG
PLAG
Q4 25
$-10.8M
Q3 25
$-7.4M
$-12.1M
Q2 25
$-6.4M
$-773.6K
Q1 25
$-6.7M
$-796.9K
Q4 24
$-3.9M
Q3 24
$-4.5M
$-1.2M
Q2 24
$-6.7M
$-1.7M
Q1 24
$-6.5M
$-1.1M
Gross Margin
OPTT
OPTT
PLAG
PLAG
Q4 25
-325.5%
1.8%
Q3 25
-1.9%
3.7%
Q2 25
16.8%
0.9%
Q1 25
23.9%
6.5%
Q4 24
32.9%
17.0%
Q3 24
34.4%
6.6%
Q2 24
54.8%
Q1 24
45.4%
23.5%
Operating Margin
OPTT
OPTT
PLAG
PLAG
Q4 25
-2387.5%
Q3 25
-598.8%
-435.0%
Q2 25
-563.6%
-75.9%
Q1 25
-712.1%
-85.3%
Q4 24
-161.9%
Q3 24
-343.8%
-27.7%
Q2 24
-430.3%
-105.0%
Q1 24
-430.0%
-38.7%
Net Margin
OPTT
OPTT
PLAG
PLAG
Q4 25
-2553.1%
Q3 25
-625.0%
-1574.4%
Q2 25
-487.9%
-85.3%
Q1 25
-814.5%
-94.8%
Q4 24
-161.8%
Q3 24
-342.3%
-81.1%
Q2 24
-427.6%
-190.3%
Q1 24
-363.2%
-71.9%
EPS (diluted)
OPTT
OPTT
PLAG
PLAG
Q4 25
$-0.06
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.04
Q4 24
$-0.04
Q3 24
$-0.05
Q2 24
$-0.12
Q1 24
$-0.11
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPTT
OPTT
PLAG
PLAG
Cash + ST InvestmentsLiquidity on hand
$11.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.3M
$-2.2M
Total Assets
$39.3M
$10.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPTT
OPTT
PLAG
PLAG
Q4 25
$11.7M
Q3 25
$9.9M
Q2 25
$6.7M
Q1 25
$10.0M
Q4 24
$2.1M
Q3 24
$3.2M
$227.5K
Q2 24
$3.2M
$539.7K
Q1 24
$9.1M
Total Debt
OPTT
OPTT
PLAG
PLAG
Q4 25
Q3 25
Q2 25
$418.8K
Q1 25
$413.4K
Q4 24
$411.0K
Q3 24
$4.2M
Q2 24
$4.2M
Q1 24
$3.8M
Stockholders' Equity
OPTT
OPTT
PLAG
PLAG
Q4 25
$22.3M
$-2.2M
Q3 25
$24.2M
$-573.5K
Q2 25
$26.7M
$10.1M
Q1 25
$28.9M
$11.0M
Q4 24
$22.1M
$11.7M
Q3 24
$22.3M
$15.5M
Q2 24
$19.3M
$16.5M
Q1 24
$25.3M
$18.3M
Total Assets
OPTT
OPTT
PLAG
PLAG
Q4 25
$39.3M
$10.2M
Q3 25
$36.6M
$12.3M
Q2 25
$30.8M
$28.1M
Q1 25
$34.4M
$26.1M
Q4 24
$26.9M
$25.4M
Q3 24
$29.2M
$41.9M
Q2 24
$28.7M
$42.2M
Q1 24
$34.6M
$42.9M
Debt / Equity
OPTT
OPTT
PLAG
PLAG
Q4 25
Q3 25
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.27×
Q2 24
0.25×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OPTT
OPTT
PLAG
PLAG
Operating Cash FlowLast quarter
$-7.5M
$-1.8M
Free Cash FlowOCF − Capex
$-7.8M
$-1.8M
FCF MarginFCF / Revenue
-1838.9%
-343.4%
Capex IntensityCapex / Revenue
62.7%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.0M
$-3.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPTT
OPTT
PLAG
PLAG
Q4 25
$-7.5M
$-1.8M
Q3 25
$-5.6M
$697.5K
Q2 25
$-4.0M
$-1.7M
Q1 25
$-3.7M
$-346.7K
Q4 24
$-4.8M
$811.8K
Q3 24
$-6.1M
$948.0K
Q2 24
$-5.1M
$-943.7K
Q1 24
$-9.2M
$430.5K
Free Cash Flow
OPTT
OPTT
PLAG
PLAG
Q4 25
$-7.8M
$-1.8M
Q3 25
$-7.1M
$697.5K
Q2 25
$-4.2M
$-1.7M
Q1 25
$-4.0M
$-349.2K
Q4 24
$-5.0M
$810.6K
Q3 24
$-6.5M
$948.0K
Q2 24
$-6.4M
$-945.0K
Q1 24
$-9.7M
$424.3K
FCF Margin
OPTT
OPTT
PLAG
PLAG
Q4 25
-1838.9%
-343.4%
Q3 25
-597.1%
90.4%
Q2 25
-315.9%
-185.2%
Q1 25
-480.0%
-41.5%
Q4 24
-207.3%
98.4%
Q3 24
-499.5%
64.9%
Q2 24
-408.0%
-104.5%
Q1 24
-543.6%
28.2%
Capex Intensity
OPTT
OPTT
PLAG
PLAG
Q4 25
62.7%
0.9%
Q3 25
122.9%
0.0%
Q2 25
11.8%
0.0%
Q1 25
26.9%
0.3%
Q4 24
10.2%
0.1%
Q3 24
28.7%
0.0%
Q2 24
86.6%
0.2%
Q1 24
29.4%
0.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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