Ocean Power Technologies, Inc. (OPTT) Balance Sheet
OPTT balance sheet, FY2026
April 30, 2026 · U.S. dollars$41.3M assets = $30.6M liabilities + $10.7M equity
Both columns are drawn to the same scale: what OPTT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPTT financial health
Descriptive bands, not a rating. Fiscal FY2026.
OPTT balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $10.1MFY2017 | $41.3MFY2026 | +17.0%/yr | |
| Total liabilities | $4.6MFY2017 | $30.6MFY2026 | +23.3%/yr | |
| Shareholders’ equity | $5.4MFY2017 | $10.7MFY2026 | +7.8%/yr | |
| Cash & short-term investments | $8.4MFY2017 | $8.7MFY2026 | +0.4%/yr | |
| Total debt | $81,000FY2017 | $11.3MFY2026 | +73.0%/yr | |
| Net cash (debt) | $8.4MFY2017 | −$2.5MFY2026 | −$10.9M | |
| Working capital | $5.1MFY2017 | −$11.1MFY2026 | −$16.2M | |
| Book value per share | $23.55FY2023 | $6.30FY2025 | −48.3%/yr | |
| Current ratio | 2.12FY2017 | 0.60FY2026 | −1.52 | |
| Debt / equity | 0.01FY2017 | 1.05FY2026 | +1.04 | |
| Shares outstanding | 1.9MFY2023 | 4.2MFY2025 | +50.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPTT assets
OPTT liabilities and equity
OPTT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPTT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.7M | $6.7M | $3.2M | $34.7M | $57.3M | $83.0M | $10.0M | $16.7M | $11.5M | $8.4M |
| Cash & equivalents | $8.7M | $6.7M | $3.2M | $6.9M | $7.9M | $83.0M | $10.0M | $16.7M | $11.5M | $8.4M |
| Short-term investments | — | — | $0 | $27.8M | $49.4M | $68,000 | $60,000 | $63,000 | $25,000 | $25,000 |
| Receivables | $587,000 | $2.3M | $814,000 | $897,000 | $868,000 | $561,000 | $358,000 | $78,000 | $592,000 | $344,000 |
| Inventory | $3.9M | $4.2M | $4.8M | $1.0M | $442,000 | $384,000 | $707,000 | $344,000 | $572,000 | $334,000 |
| Other current assets | $3.2M | $400,000 | $1.7M | $1.1M | $725,000 | $466,000 | $586,000 | $537,000 | $567,000 | $622,000 |
| Total current assets | $16.4M | $13.6M | $10.5M | $37.7M | $59.3M | $84.4M | $11.7M | $17.6M | $13.3M | $9.7M |
| Property, plant & equipment (net) | $13.0M | $5.0M | $5.8M | $3.0M | $1.2M | $1.4M | $1.7M | $592,000 | $712,000 | $170,000 |
| Goodwill & intangible assets | $11.9M | $12.0M | $12.2M | $12.5M | $12.7M | $274,000 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $154,000 | $154,000 | $155,000 | $219,000 | $222,000 | $221,000 | $155,000 | $154,000 | $157,000 |
| Total assets | $41.3M | $30.8M | $28.7M | $53.4M | $73.4M | $86.4M | $13.5M | $18.4M | $14.1M | $10.1M |
| Liabilities | ||||||||||
| Accounts payable | $4.4M | $568,000 | $3.4M | $952,000 | $905,000 | $687,000 | $220,000 | $312,000 | $290,000 | $586,000 |
| Short-term debt | $10.4M | $1.1M | $780,000 | $529,000 | $319,000 | $842,000 | $229,000 | $1.9M | $23,000 | $35,000 |
| Deferred revenue | $6.4M | — | $302,000 | $1.4M | $129,000 | — | $100,000 | $188,000 | $18,000 | $3.7M |
| Total current liabilities | $27.5M | $3.3M | $7.4M | $7.9M | $3.0M | $4.7M | $1.9M | $2.4M | $3.7M | $4.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $396,000 | $65,000 | $0 | $0 | $23,000 |
| Lease obligations | $2.0M | $1.8M | $2.6M | $1.8M | $857,000 | $1.3M | $1.4M | $0 | $23,000 | — |
| Other long-term liabilities | $3.1M | $852,000 | $2.0M | $1.5M | $1.6M | $819,000 | $1.1M | $147,000 | $142,000 | $0 |
| Total liabilities | $30.6M | $4.1M | $9.4M | $9.4M | $4.6M | $5.9M | $3.0M | $2.6M | $3.9M | $4.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $231,000 | $172,000 | $61,000 | $56,000 | $56,000 | $52,000 | $13,000 | $5,000 | $18,000 | $193.2M |
| Retained earnings (deficit) | −$373.9M | −$329.1M | −$307.6M | −$280.1M | −$253.8M | −$234.9M | −$220.1M | −$209.8M | −$197.5M | −$187.4M |
| Treasury stock | — | — | — | −$355,000 | — | −$338,000 | −$302,000 | −$301,000 | −$300,000 | −$263,000 |
| Accumulated other comprehensive income | $0 | $0 | −$45,000 | −$45,000 | −$46,000 | −$171,000 | −$183,000 | −$171,000 | −$160,000 | −$160,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $10.7M | $26.7M | $19.3M | $44.0M | $68.8M | $80.5M | $10.5M | $15.8M | $10.2M | $5.4M |
| Key figures | ||||||||||
| Total debt | $11.3M | $1.8M | $2.6M | $1.8M | $857,000 | $2.1M | $1.3M | $1.9M | $23,000 | $81,000 |
| Net cash (debt) | −$2.5M | $4.9M | $579,000 | $32.8M | $56.4M | $81.0M | $8.7M | $14.7M | $11.5M | $8.4M |
| Working capital | −$11.1M | $10.3M | $3.2M | $29.8M | $56.3M | $79.7M | $9.8M | $15.2M | $9.5M | $5.1M |
| Tangible book value | −$1.2M | $14.6M | $7.2M | $31.4M | $56.2M | $80.2M | $10.5M | $15.8M | $10.2M | $5.4M |
| Book value per share | — | $6.30 | $9.83 | $23.55 | — | — | — | — | — | — |
| Shares outstanding | — | 4.2M | 2.0M | 1.9M | — | — | — | — | — | — |
| Current ratio | 0.60 | 4.14 | 1.43 | 4.76 | 19.91 | 17.99 | 6.13 | 7.21 | 3.54 | 2.12 |
| Quick ratio | 0.34 | 2.73 | 0.54 | 4.50 | 19.52 | 17.81 | 5.45 | 6.85 | 3.24 | 1.91 |
| Debt / equity | 1.05 | 0.07 | 0.13 | 0.04 | 0.01 | 0.03 | 0.12 | 0.12 | 0.00 | 0.01 |
| Equity / assets | 25.9% | 86.6% | 67.4% | 82.3% | 93.8% | 93.2% | 77.5% | 85.9% | 72.5% | 54.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.4M | $8.7M | $7.1M | $11.7M | $9.9M | $6.7M | $10.0M | $2.1M | $3.2M | $3.2M | $9.1M | $18.7M |
| Cash & equivalents | $7.4M | $8.7M | $7.1M | $11.7M | $9.9M | $6.7M | $10.0M | $2.1M | $3.2M | $3.2M | $4.7M | $3.3M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 | $4.4M | $15.4M |
| Receivables | $1.5M | $587,000 | $6.9M | $1.9M | $2.8M | $2.3M | $2.1M | $1.9M | $1.4M | $814,000 | $625,000 | $842,000 |
| Inventory | $4.6M | $3.9M | $5.2M | $4.7M | $4.9M | $4.2M | $3.9M | $4.8M | $5.7M | $4.8M | $3.5M | $2.5M |
| Other current assets | $2.0M | $3.2M | $2.0M | $722,000 | $893,000 | $400,000 | $752,000 | $683,000 | $785,000 | $1.7M | $4.4M | $1.7M |
| Total current assets | $15.4M | $16.4M | $21.1M | $18.9M | $18.4M | $13.6M | $16.8M | $9.4M | $11.1M | $10.5M | $17.5M | $23.8M |
| Property, plant & equipment (net) | $11.4M | $13.0M | $8.0M | $8.3M | $6.1M | $5.0M | $5.4M | $5.3M | $5.8M | $5.8M | $4.8M | $3.4M |
| Goodwill & intangible assets | $11.9M | $11.9M | $11.9M | $12.0M | $12.0M | $12.0M | $12.1M | $12.1M | $12.1M | $12.2M | $12.2M | $12.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $154,000 | $154,000 | $154,000 | $154,000 | $154,000 | $154,000 | $154,000 | $154,000 | $0 | $0 |
| Total assets | $38.7M | $41.3M | $41.1M | $39.3M | $36.6M | $30.8M | $34.4M | $26.9M | $29.2M | $28.7M | $34.6M | $39.6M |
| Liabilities | ||||||||||||
| Accounts payable | $6.7M | $4.4M | $1.5M | $1.4M | $1.3M | $568,000 | $637,000 | $351,000 | $1.7M | $3.4M | $1.5M | $1.8M |
| Short-term debt | $9.3M | $10.4M | $7.4M | $11.4M | $8.1M | $1.1M | $1.1M | $1.1M | $926,000 | $774,000 | $625,000 | $579,000 |
| Deferred revenue | — | — | $5.4M | $135,000 | $135,000 | — | — | $119,000 | $445,000 | $302,000 | $868,000 | $1.2M |
| Total current liabilities | $29.5M | $27.5M | $19.7M | $15.4M | $11.6M | $3.3M | $4.3M | $3.4M | $5.1M | $7.4M | $7.0M | $6.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.8M | $2.0M | $2.3M | $2.6M | $1.6M | $1.8M | $2.1M | $2.3M | $926,000 | $2.6M | $2.7M | $1.6M |
| Other long-term liabilities | $725,000 | $3.1M | $1.4M | $1.7M | $809,000 | $852,000 | $1.2M | $1.4M | $1.7M | $2.0M | $2.3M | $1.3M |
| Total liabilities | $30.3M | $30.6M | $21.1M | $17.0M | $12.4M | $4.1M | $5.5M | $4.8M | $6.9M | $9.4M | $9.3M | $8.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $273,000 | $231,000 | $219,000 | $190,000 | $178,000 | $172,000 | $170,000 | $125,000 | $96,000 | $61,000 | $59,000 | $59,000 |
| Retained earnings (deficit) | −$391.5M | −$373.9M | −$358.7M | −$347.3M | −$336.5M | −$329.1M | −$322.7M | −$315.9M | −$312.0M | −$307.6M | −$300.9M | −$294.3M |
| Accumulated other comprehensive income | — | $0 | $0 | $0 | $0 | $0 | −$45,000 | −$45,000 | −$45,000 | −$45,000 | −$45,000 | −$45,000 |
| Total shareholders' equity | $8.5M | $10.7M | $20.1M | $22.3M | $24.2M | $26.7M | $28.9M | $22.1M | $22.3M | $19.3M | $25.3M | $31.7M |
| Key figures | ||||||||||||
| Total debt | $9.8M | $11.3M | $8.6M | $12.8M | $8.7M | $1.8M | $2.1M | $2.3M | $2.5M | $2.6M | $2.7M | $1.6M |
| Net cash (debt) | −$2.5M | −$2.5M | −$1.5M | −$1.2M | $1.2M | $4.9M | $8.0M | −$234,000 | $731,000 | $579,000 | $6.4M | $17.1M |
| Working capital | −$14.1M | −$11.1M | $1.4M | $3.6M | $6.8M | $10.3M | $12.5M | $6.0M | $5.9M | $3.2M | $10.5M | $17.1M |
| Tangible book value | −$3.4M | −$1.2M | $8.2M | $10.3M | $12.2M | $14.6M | $16.9M | $10.0M | $10.2M | $7.2M | $13.1M | $19.2M |
| Book value per share | — | — | — | — | — | $0.63 | $5.88 | $6.12 | $8.17 | $9.71 | — | $16.15 |
| Shares outstanding | — | — | — | — | — | 42.3M | 4.9M | 3.6M | 2.7M | 2.0M | — | 2.0M |
| Current ratio | 0.52 | 0.60 | 1.07 | 1.23 | 1.58 | 4.14 | 3.88 | 2.79 | 2.16 | 1.43 | 2.49 | 3.55 |
| Quick ratio | 0.30 | 0.34 | 0.71 | 0.88 | 1.09 | 2.73 | 2.79 | 1.17 | 0.90 | 0.54 | 1.38 | 2.92 |
| Debt / equity | 1.16 | 1.05 | 0.43 | 0.58 | 0.36 | 0.07 | 0.07 | 0.11 | 0.11 | 0.13 | 0.11 | 0.05 |
| Equity / assets | 21.8% | 25.9% | 48.8% | 56.7% | 66.1% | 86.6% | 84.0% | 82.1% | 76.5% | 67.4% | 73.1% | 79.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 19, 2026); data from EODHD.
OPTT financial position
At the end of fiscal 2026 (April 30, 2026), Ocean Power Technologies had total assets of $41.3 million (up 34.0% from a year earlier), total liabilities of $30.6 million and shareholders' equity of $10.7 million. It held $8.7 million in cash and short-term investments against $11.3 million of debt, net debt of $2.5 million. Its current ratio was 0.60. In the latest quarter (ended July 31, 2026) total assets were $38.7 million and equity $8.5 million.
Related: OPTT income statement, OPTT cash flow statement, OPTT key metrics. See the OPTT stock overview for the latest quote and news.
OPTT balance sheet FAQ
What are Ocean Power Technologies's total assets?
Ocean Power Technologies reported total assets of $41.3 million at the end of fiscal 2026 (April 30, 2026), compared with $30.8 million a year earlier.
How much debt does Ocean Power Technologies have?
Ocean Power Technologies had $11.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.05.
How much cash does Ocean Power Technologies have?
Ocean Power Technologies held $8.7 million in cash and short-term investments at the end of fiscal 2026; with $11.3 million of debt that is net debt of $2.5 million.
What is Ocean Power Technologies's book value?
Ocean Power Technologies's shareholders' equity (book value) was $10.7 million at the end of fiscal 2026.
What is Ocean Power Technologies's current ratio?
Ocean Power Technologies had current assets of $16.4 million and current liabilities of $27.5 million, a current ratio of 0.60 (current liabilities exceed current assets).
How much goodwill does Ocean Power Technologies have?
Ocean Power Technologies carried $11.9 million of goodwill and intangible assets, 28.8% of total assets, at the end of fiscal 2026.