Coda Octopus Group, Inc. (CODA) Income Statement
CODA FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsCODA revenue and net income
Where CODA's revenue goes
FY2025Each bar shows an amount and its share of revenue. CODA kept 15.5% of revenue as net income.
CODA profit margins
CODA growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +30.7% | +6.1% | +5.8% | +3.3% |
| Gross profit | +24.6% | +5.2% | +6.8% | +5.5% |
| Operating income | +26.6% | −3.2% | +10.1% | +9.3% |
| Net income | +13.3% | −1.3% | +4.3% | +14.5% |
| EPS (diluted) | +9.1% | −2.6% | +2.4% | +8.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CODA quarterly EPS vs estimates
Coda Octopus beat the analyst EPS estimate in 6 of the last 8 quarters.
CODA income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.6M | $20.3M | $19.4M | $22.2M | $21.3M | $20.0M | $25.1M | $18.0M | $18.0M | $21.1M |
| Cost of revenue | $8.9M | $6.1M | $6.3M | $7.0M | $6.6M | $7.3M | $8.6M | $5.4M | $6.1M | $8.5M |
| Gross profit | $17.7M | $14.2M | $13.0M | $15.2M | $14.8M | $12.7M | $16.4M | $12.7M | $12.0M | $12.7M |
| Research & development | $2.4M | $2.2M | $2.1M | $2.2M | $3.0M | $3.2M | $2.8M | $2.6M | $1.4M | $1.0M |
| Sales, general & admin | $10.7M | $8.3M | $8.2M | $7.9M | $7.9M | $6.7M | $7.4M | $6.8M | $6.8M | $6.1M |
| Total operating expenses | $13.1M | $10.6M | $10.3M | $10.2M | $10.9M | $9.9M | $10.2M | $9.4M | $8.1M | $7.1M |
| Operating income | $4.5M | $3.6M | $2.7M | $5.0M | $3.8M | $2.8M | $6.3M | $3.3M | $3.8M | $5.5M |
| Interest income | $708,097 | $938,775 | $642,530 | $0 | — | — | $91,100 | $249,090 | $597,010 | $856,430 |
| Interest expense | — | — | $0 | $9,704 | $19,655 | $70,203 | $91,096 | $249,090 | $597,011 | $856,432 |
| Income before taxes | $5.5M | $4.6M | $3.4M | $5.1M | $5.3M | $3.4M | $6.2M | $3.1M | $3.3M | $4.9M |
| Income taxes | $1.4M | $965,292 | −$297,079 | $831,114 | $305,479 | $58,222 | $1.0M | −$1.9M | $2,621 | −$76,245 |
| Net income | $4.1M | $3.6M | $3.1M | $4.3M | $4.9M | $3.3M | $5.2M | $5.0M | $3.3M | $4.9M |
| EBITDA | $6.9M | $4.4M | $2.7M | $5.9M | $6.2M | $4.3M | $7.2M | $4.1M | $4.8M | $6.5M |
| EPS (diluted) | $0.36 | $0.33 | $0.28 | $0.39 | $0.44 | $0.32 | $0.49 | $0.48 | $0.73 | $0.54 |
| Gross margin | 66.5% | 69.8% | 67.3% | 68.3% | 69.2% | 63.5% | 65.6% | 70.3% | 66.4% | 59.9% |
| Operating margin | 17.1% | 17.6% | 14.2% | 22.5% | 18.0% | 14.0% | 25.0% | 18.4% | 21.2% | 26.2% |
| Net margin | 15.5% | 17.9% | 16.1% | 19.4% | 23.2% | 16.7% | 20.9% | 27.7% | 18.5% | 23.3% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7M | $6.9M | $6.7M | $7.3M | $7.1M | $7.0M | $5.2M | $5.1M | $5.5M | $5.3M | $4.5M | $3.6M |
| Cost of revenue | $2.7M | $2.3M | $2.3M | $2.4M | $2.2M | $2.5M | $1.8M | $1.8M | $1.4M | $1.6M | $1.6M | $1.3M |
| Gross profit | $5.1M | $4.6M | $4.4M | $4.9M | $4.8M | $4.5M | $3.4M | $3.3M | $4.0M | $3.7M | $2.9M | $2.3M |
| Research & development | $729,216 | $648,304 | $606,102 | $642,173 | $572,468 | $689,995 | $543,126 | $717,612 | $496,359 | $542,481 | $485,977 | $557,783 |
| Sales, general & admin | $2.8M | $2.1M | $2.8M | $2.9M | $2.9M | $2.7M | $2.2M | $2.3M | $2.2M | $1.8M | $1.9M | $2.1M |
| Total operating expenses | $3.5M | $2.8M | $3.4M | $3.5M | $3.4M | $3.4M | $2.8M | $3.0M | $2.7M | $2.4M | $2.3M | $2.6M |
| Operating income | $1.5M | $1.8M | $1.0M | $1.4M | $1.4M | $1.1M | $662,022 | $287,590 | $1.4M | $1.4M | $555,380 | −$324,266 |
| Interest income | $233,817 | $171,915 | $172,270 | $213,484 | $154,848 | $145,594 | $194,171 | $222,758 | $230,009 | $293,468 | $192,540 | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $149,127 |
| Income before taxes | $1.8M | $2.1M | $1.2M | $1.8M | $1.5M | $1.3M | $934,860 | $555,883 | $1.6M | $1.6M | $782,944 | −$46,283 |
| Income taxes | −$401,739 | $435,842 | $256,050 | $742,790 | $260,764 | $356,848 | $21,885 | $229,671 | $356,588 | $225,977 | $153,056 | $274,682 |
| Net income | $1.4M | $1.7M | $930,723 | $1.0M | $1.3M | $908,762 | $912,975 | $326,212 | $1.3M | $1.4M | $629,888 | −$320,965 |
| EBITDA | $1.9M | $2.1M | $1.6M | $2.5M | $1.9M | $1.5M | $1.3M | $522,805 | $1.6M | $1.5M | $973,482 | $99,729 |
| EPS (diluted) | $0.12 | $0.15 | $0.08 | $0.09 | $0.11 | $0.08 | $0.08 | $0.03 | $0.11 | $0.13 | $0.06 | −$0.02 |
| Gross margin | 65.4% | 66.3% | 65.1% | 67.6% | 68.3% | 64.1% | 65.8% | 65.3% | 73.9% | 70.2% | 64.9% | 64.2% |
| Operating margin | 19.9% | 26.4% | 15.1% | 19.3% | 19.5% | 15.5% | 12.7% | 5.7% | 25.4% | 25.4% | 12.4% | −9.1% |
| Net margin | 18.0% | 24.6% | 13.9% | 14.1% | 18.2% | 13.0% | 17.5% | 6.5% | 23.3% | 26.6% | 14.1% | −9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CODA's financial statements (latest annual report filed January 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CODA financial results
In fiscal year 2025 (ended October 31, 2025), Coda Octopus reported revenue of $26.6 million, up 30.7% from the year before. It had net income of $4.1 million (up 13.3%), a net profit margin of 15.5%. Diluted earnings per share came to $0.36. Over five years revenue grew at an average rate of 5.8% a year.
See the CODA stock overview for the latest quote and news, or the CODA chart for price history and technical indicators.
CODA income statement FAQ
What is Coda Octopus's annual revenue?
Coda Octopus reported total revenue of $26.6 million for fiscal year 2025, which ended on October 31, 2025. That was up 30.7% from $20.3 million the previous year.
Is Coda Octopus profitable?
Yes. Coda Octopus reported net income of $4.1 million in fiscal 2025, a net profit margin of 15.5%; its operating margin was 17.1%.
What is Coda Octopus's gross margin?
Coda Octopus's gross margin was 66.5% in fiscal 2025: for every $100 of revenue, Coda Octopus kept $66 after the direct cost of its products and services.
How much does Coda Octopus spend on research and development?
Coda Octopus spent $2.4 million on research and development in fiscal 2025, 9.2% of revenue.
How fast is Coda Octopus growing?
Revenue grew 5.8% a year on average over the last five fiscal years, from $20.0 million to $26.6 million.
What are Coda Octopus's earnings per share?
Coda Octopus earned $0.36 per diluted share in fiscal 2025, compared with $0.33 a year earlier.
When does Coda Octopus's fiscal year end?
Coda Octopus's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on January 29, 2026.