Ocean Power Technologies, Inc. (OPTT) Income Statement
OPTT FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsOPTT revenue and net income
Where OPTT's revenue goes
FY2026Each bar shows an amount and its share of revenue. OPTT kept −1,071.7% of revenue as net income.
OPTT profit margins
OPTT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.5% | +14.3% | +27.6% | +19.2% |
| Gross profit | −590.1% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OPTT quarterly EPS vs estimates
Ocean Power Technologies beat the analyst EPS estimate in 0 of the last 4 quarters.
OPTT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M | $5.9M | $5.5M | $2.7M | $1.8M | $1.2M | $1.7M | $632,000 | $511,000 | $843,000 |
| Cost of revenue | $12.2M | $4.2M | $2.7M | $2.5M | $1.9M | $2.3M | $1.8M | $1.3M | $763,000 | $938,000 |
| Gross profit | −$8.1M | $1.7M | $2.8M | $236,000 | −$101,000 | −$1.1M | −$105,000 | −$671,000 | −$252,000 | −$95,000 |
| Research & development | — | — | — | — | $9.6M | $4.7M | $4.3M | $5.0M | $4.3M | $5.0M |
| Sales, general & admin | — | — | — | $29.5M | $11.9M | $7.8M | $6.9M | $7.6M | $7.0M | $6.6M |
| Total operating expenses | $31.7M | $23.3M | $32.2M | $29.5M | $21.5M | $12.5M | $11.3M | $12.6M | $11.3M | $11.6M |
| Operating income | −$39.8M | −$21.7M | −$29.3M | −$29.2M | −$21.6M | −$13.6M | −$11.4M | −$13.3M | −$11.6M | −$11.7M |
| Interest income | — | $47,000 | $800,000 | $902,000 | $124,000 | $124,000 | $124,000 | $35,000 | $83,000 | $1.5M |
| Interest expense | $2.8M | — | — | $2.6M | $124,000 | $0 | $112,000 | $315,000 | $0 | $0 |
| Income before taxes | −$43.7M | −$22.5M | −$28.7M | −$26.6M | −$20.7M | −$14.8M | −$11.2M | −$13.1M | −$11.3M | −$10.2M |
| Income taxes | — | −$1.0M | −$1.3M | −$278,000 | −$1.8M | $1.1M | −$895,000 | −$850,000 | −$1.1M | −$698,000 |
| Net income | −$43.7M | −$21.5M | −$27.5M | −$26.3M | −$18.9M | −$14.8M | −$10.4M | −$12.2M | −$10.2M | −$9.5M |
| EBITDA | −$37.8M | −$19.9M | −$28.2M | −$27.5M | −$21.1M | −$13.2M | −$11.0M | −$13.1M | −$11.4M | −$11.5M |
| EPS (diluted) | −$0.22 | −$0.18 | −$0.47 | −$0.47 | −$0.47 | −$0.51 | −$0.56 | −$5.00 | −$0.69 | −$10.48 |
| Gross margin | −199.6% | 28.3% | 51.1% | 8.6% | −5.7% | −89.0% | −6.2% | −106.2% | −49.3% | −11.3% |
| Operating margin | −976.7% | −370.0% | −530.9% | −1,069.4% | −1,225.3% | −1,127.0% | −675.7% | −2,099.8% | −2,262.2% | −1,386.4% |
| Net margin | −1,071.7% | −367.0% | −497.4% | −963.6% | −1,073.0% | −1,223.9% | −615.5% | −1,937.7% | −1,987.7% | −1,125.3% |
| 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 | $1.7M | $2.0M | $513,000 | $424,000 | $1.2M | $1.3M | $825,000 | $2.4M | $1.3M | $1.6M | $1.8M | $889,000 |
| Cost of revenue | $4.5M | $7.9M | $1.3M | $1.8M | $1.2M | $1.1M | $628,000 | $1.6M | $854,000 | $710,000 | $979,000 | $401,000 |
| Gross profit | −$2.8M | −$6.0M | −$755,000 | −$1.4M | −$23,000 | $221,000 | $197,000 | $795,000 | $447,000 | $862,000 | $813,000 | $488,000 |
| Research & development | $2.7M | $777,000 | $641,000 | — | $136,000 | — | — | — | — | — | — | — |
| Sales, general & admin | $312,000 | $652,000 | — | — | $652,000 | — | — | — | $269,000 | — | — | — |
| Total operating expenses | $12.2M | $8.7M | $8.4M | $8.7M | $7.1M | $7.6M | $6.1M | $4.7M | $4.9M | $7.6M | $8.6M | $8.0M |
| Operating income | −$15.1M | −$14.6M | −$9.1M | −$10.1M | −$7.1M | −$7.4M | −$5.9M | −$3.9M | −$4.5M | −$6.7M | −$7.7M | −$7.5M |
| Interest income | — | — | — | — | — | $34,000 | $6,000 | $3,000 | $3,000 | $40,000 | $151,000 | $270,000 |
| Interest expense | $373,000 | $1.2M | $726,000 | $564,000 | $310,000 | — | — | — | — | — | — | — |
| Income before taxes | −$10.5M | −$15.2M | −$11.4M | −$10.8M | −$7.4M | −$7.5M | −$6.7M | −$3.9M | −$4.5M | −$6.7M | −$7.8M | −$7.2M |
| Income taxes | — | — | — | — | — | −$1.0M | −$6.7M | — | −$3,000 | $695,000 | −$1.3M | −$294,000 |
| Net income | −$10.5M | −$15.2M | −$11.4M | −$10.8M | −$7.4M | −$6.4M | −$6.7M | −$3.9M | −$4.5M | −$6.7M | −$6.5M | −$7.2M |
| EBITDA | −$14.5M | −$16.0M | −$8.6M | −$9.7M | −$6.6M | −$6.4M | −$5.5M | −$3.4M | −$4.0M | −$6.3M | −$7.4M | −$7.3M |
| EPS (diluted) | −$1.88 | −$0.06 | −$0.06 | −$0.06 | −$0.04 | −$0.04 | −$0.05 | −$0.04 | −$0.05 | −$0.11 | −$0.11 | −$0.12 |
| Gross margin | −166.2% | −305.4% | −147.2% | −325.5% | −1.9% | 16.8% | 23.9% | 32.9% | 34.4% | 54.8% | 45.4% | 54.9% |
| Operating margin | −885.3% | −747.8% | −1,777.4% | −2,387.5% | −598.8% | −563.6% | −712.1% | −161.9% | −343.8% | −427.4% | −431.8% | −844.4% |
| Net margin | −618.7% | −779.0% | −2,215.6% | −2,553.1% | −625.0% | −487.9% | −814.5% | −161.8% | −342.3% | −427.6% | −363.2% | −811.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OPTT's financial statements (latest annual report filed August 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OPTT financial results
In fiscal year 2026 (ended April 30, 2026), Ocean Power Technologies reported revenue of $4.1 million, down 30.5% from the year before. It had a net loss of $43.7 million, a net profit margin of −1,071.7%. Diluted earnings per share came to −$0.22. Over five years revenue grew at an average rate of 27.6% a year.
See the OPTT stock overview for the latest quote and news, or the OPTT chart for price history and technical indicators.
OPTT income statement FAQ
What is Ocean Power Technologies's annual revenue?
Ocean Power Technologies reported total revenue of $4.1 million for fiscal year 2026, which ended on April 30, 2026. That was down 30.5% from $5.9 million the previous year.
Is Ocean Power Technologies profitable?
No. Ocean Power Technologies reported a net loss of $43.7 million in fiscal 2026, a net profit margin of −1,071.7%; its operating margin was −976.7%.
What is Ocean Power Technologies's gross margin?
Ocean Power Technologies's gross margin was −199.6% in fiscal 2026: for every $100 of revenue, Ocean Power Technologies kept $-200 after the direct cost of its products and services.
How fast is Ocean Power Technologies growing?
Revenue grew 27.6% a year on average over the last five fiscal years, from $1.2 million to $4.1 million.
What are Ocean Power Technologies's earnings per share?
Ocean Power Technologies earned $-0.22 per diluted share in fiscal 2026, compared with $-0.18 a year earlier.
When does Ocean Power Technologies's fiscal year end?
Ocean Power Technologies's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on August 19, 2026.