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Ocean Power Technologies logo
Ocean Power Technologies OPTT
$ 0.44 7.32%
report update icon

Quarterly report 2027-Q1
added 09-14-2026

Ocean Power Technologies Income Statement 2026-2010 | OPTT

Brief overview of financial results at Ocean Power Technologies

This overview is based on financial performance over the past five years. The revenue attributed to Ocean Power Technologies moved from $1.7 million to $5.9 million between the two endpoints. The five-year change reached +248.5%, while CAGR stood at 28.4%. This pace points to rapid expansion of the business.

The five-year change in gross profit reached +1681%: from −$105 thousand to $1.7 million. The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of −6.2% and 28.3%. The margin shift points to a more favorable sales-and-cost structure.

EBITDA changed from −$11 million to −$20.9 million (−90%). Changes in revenue did not translate into comparable EBITDA performance. At the operating-margin level, the figure shifted from −654.6% to −356.9%. The business generated more EBITDA from each unit of revenue.

Across the five years, the net result shifted from −$10.4 million to −$21.5 million. Profitability deteriorated further over the five years.

Market capitalization changed from 3 million dollars to 95.2 million dollars (+3043.4%). The market value rose well beyond the pace of financial improvement.

Overall conclusion

The figures do not all move in the same direction. The constructive conclusion rests on higher operating efficiency, a larger revenue base and better sales economics. The main areas of concern are a low EBITDA margin and declining net profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Ocean Power Technologies

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

Market Cap

38.9 M 95.2 M 35.4 M 33.6 M 32.4 B 30 B 3.03 M 2.61 M 17.5 M 8.46 M 2.77 M 12.4 M 30 M 16.5 M 21.8 M 46.7 M -

Shares

194 M 127 M 59 M 56 M 54 B 30 B 7.21 M 1.29 M 767 K 313 K 90.5 K 87.5 K 60.2 K 51.5 K 51.4 K 51.2 K -

Historical Prices

0.2 0.75 0.6 0.6 0.6 1.48 2.69 0.87 6.8 22 59 42 126 384 428 532 1.15 K

Net Income

-48.9 M -24.5 M -27.5 M -26.3 M -18.9 M -14.8 M -10.4 M -12.2 M -10.2 M -9.49 M -13.1 M -13.1 M -11 M -14.7 M -15.1 M -20.4 M -

Revenue

3.74 M 5.86 M 5.52 M 2.73 M 1.76 M 1.21 M 1.68 M 632 K 511 K 843 K 705 K 4.11 M 1.5 M 3.62 M 5.74 M 6.69 M -

Cost of Revenue

9.66 M 4.2 M 2.7 M 2.5 M 1.86 M 2.28 M 1.79 M 1.3 M 763 K 938 K 668 K 4.67 M 1.51 M 3.48 M 5.68 M 6.26 M -

Gross Profit

-5.92 M 1.66 M 2.83 M 236 K -101 K -1.07 M -105 K -671 K -252 K -95 K 37 K -566 K -11.4 K 135 K 54.8 K 436 K -

Operating Income

-38.4 M -21.7 M -29.3 M -29.2 M -21.6 M -13.6 M -11.4 M -13.3 M -11.6 M -11.7 M -14.9 M -14.3 M -13.2 M -16.3 M -16.6 M -21.3 M -

Interest Expense

124 K 47 K 800 K 902 K 124 K -83 K 124 K 35 K 4 K 28 K 241 K 419 K 29.7 K 126 K - - -

EBITDA

-37.3 M -20.8 M -28.9 M -29 M -21.4 M -13.4 M -11 M -13.1 M -11.4 M -11.5 M -13.6 M -13.3 M -13.5 M -15.8 M -16.1 M -20.9 M -

Operating Expenses

32.4 M 23.3 M 32.2 M 29.5 M 21.5 M 12.5 M 11.3 M 12.6 M 11.3 M 11.6 M 13.8 M 13.7 M 13.9 M 16.5 M 16.6 M 21.7 M -

General and Administrative Expenses

3.57 M 2.89 M - - - 7.77 M 6.92 M 7.62 M 6.99 M 6.56 M 6.75 M 9.57 M 9.36 M 9.13 M 8.27 M 8.4 M -

All numbers in USD currency

Quarterly Income Statement Ocean Power Technologies

2027-Q1 2026-Q4 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

5.77 B 14.3 M 148 M 108 M 82 M 195 M 58.9 M 173 M 171 M 148 M 108 M 82 M 61.3 M 58.9 M 58.8 M 58.7 M 56.3 M 56 M 55.9 M 55.9 M 55.9 M 33.7 B 52.5 B 52.5 B 52.5 M 6.32 M 20.1 M 20.1 M 12.9 M 959 M 6.26 M 6.26 M 6.04 M 18.2 M 926 K 18.5 M 18.2 B 5.78 M 12.9 M 12.9 B 12.3 B 1.87 M 3.89 B 3.89 M 2.23 M 1.75 M 1.77 M 1.77 M 17.5 M 12.2 M 1.75 M 17.5 M 17.5 M 10.3 M 10.5 M 10.5 M 10.3 M 10.3 M 10.3 M 10.3 M 10.3 M - 10.3 M 10.3 M -

Net Income

-10.5 M -33.8 M -6.72 M -3.91 M -4.45 M -11.4 M -6.51 M -7.39 M - -6.72 M -3.91 M -4.45 M - -6.51 M -7.21 M -7.04 M - -6.09 M -4.84 M -5.85 M - -3.15 M -5.17 M -8.25 M 14.8 M -2.92 M -3.02 M -3.02 M - -2.61 M -3.19 M -3.19 M -3.02 M -1.66 M -3.89 M -3.89 M -3.24 M -2.12 M -2.58 M -2.58 M -2.66 M -1.96 M -966 K -965 K -3.83 M -2.19 M -3.03 M -3.03 M -4.16 M -740 K -4.37 M -4.37 M -3.28 M -1.47 M -3.27 M -3.27 M -3.75 M -2.17 M -4.75 M -4.75 M -4.34 M -3.36 M -3.88 M -3.88 M -5 M

Revenue

300 K -3.84 M 825 K 2.42 M 1.3 M 513 K 1.79 M 1.18 M - 825 K 2.42 M 1.3 M - 1.79 M 889 K 1.27 M - 734 K 303 K 714 K 55.9 M 484 K 247 K 519 K - 725 K 118 K 200 K - 268 K 204 K 200 K 202 K - 141 K 172 K - 221 K 94 K 289 K 195 K 5 K 170 K 170 K 202 K 329 K 494 K 494 K 106 K 200 K 1.75 M 1.75 M 1.54 M 866 K 464 K 464 K 461 K 924 K 1.36 M 1.36 M 982 K 1.52 M 1.52 M 1.52 M 1.91 M

Cost of Revenue

2.28 M -540 K 1.93 M 1.96 M 854 K 1.27 M 979 K 1.2 M - 628 K 1.62 M 854 K - 979 K 401 K 609 K - 598 K 264 K 520 K - 698 K 300 K 723 K - 681 K 216 K 216 K - 400 K 288 K 288 K 367 K - 637 K 637 K 142 K 363 K -24 K -24 K 217 K 5 K 125 K 125 K 127 K 379 K 494 K 494 K 106 K 193 K 2 M 2 M 1.97 M 890 K 462 K 462 K 460 K 934 K 1.25 M 1.25 M 980 K 1.45 M 1.48 M 1.48 M 1.9 M

Gross Profit

-23 K 221 K 197 K 795 K 447 K -755 K 813 K -23 K - 197 K 795 K 447 K - 813 K 488 K 663 K - 136 K 39 K 194 K - -381 K -53 K -204 K - 44 K -98 K -98 K - -132 K -84 K -84 K -165 K - -496 K -496 K -111 K -142 K 118 K 118 K -22 K - 45 K 44.8 K 75.1 K -50.6 K -728 K - - 6.41 K -250 K -250 K -427 K -24.5 K 1.27 K 1.27 K 551 -10.5 K 114 K 114 K 2.54 K 70.2 K 31.8 K 31.8 K 8.95 K

Operating Income

-7.08 M -7.42 M -5.88 M -3.92 M -4.47 M -9.12 M -7.7 M -7.08 M - -5.88 M -3.92 M -4.47 M - -7.7 M -7.48 M -7.38 M - -7.06 M -6.28 M -5.99 M - -3.16 M -5.18 M -10.2 M - -2.94 M -3 M -3 M - -3.52 M -3.23 M -3.23 M -3.06 M -2.89 M -3.92 M -3.92 M -3.31 M -2.71 M -2.61 M -2.61 M -2.76 M -3.44 M -2.99 M -2.99 M -3.08 M -3.09 M -3 M -3 M -4.39 M -2.55 M -4.18 M -4.18 M -3.47 M -2.99 M -3.42 M -3.42 M -3.82 M -3.22 M -4.93 M -4.93 M -4.31 M -3.84 M -4.05 M -4.05 M -5.11 M

Interest Expense

-310 K 34 K 6 K 3 K 3 K 96 K 151 K -310 K - -13 K 3 K 3 K - 151 K 270 K 339 K - 229 K 234 K 141 K - -16 K 19 K 38 K - 27 K -33 K -33 K - 2 K 32 K 32 K 42 K 4 K 7 K 7 K 13 K 24 K 6 K 6 K 3 K -3 K 240 K 2.23 K - 6.79 K -8.08 K -8.08 K 251 K 3.34 K 3.42 K 185 K -58.6 K 21.8 K 2.88 K 2.88 K 358 - 34.9 K 55.4 K - - - - -

EBITDA

-7.04 M -7.39 M -5.84 M -3.88 M -4.44 M -8.85 M -7.67 M -6.88 M - -5.69 M -3.66 M -4.27 M - -7.59 M -7.38 M -7.31 M - -7.02 M -6.21 M -5.95 M - -3.13 M -5.18 M -10.1 M - -2.9 M -2.88 M -2.93 M - -3.48 M -3.1 M -3.06 M -2.98 M -2.89 M -3.84 M -3.83 M -3.27 M -2.71 M -2.5 M -2.56 M -2.73 M -3.44 M -2.9 M -2.92 M -3.05 M -3.09 M -2.27 M -2.94 M -4.36 M -2.55 M -3.86 M -3.7 M -3.23 M -2.99 M -3.04 M -3.2 M -3.71 M -3.22 M -4.63 M -4.68 M -4.19 M -3.84 M -3.78 M -3.85 M -5.01 M

Operating Expenses

7.06 M 7.64 M 6.07 M 4.71 M 4.92 M 8.36 M 8.55 M 7.06 M - 6.07 M 4.71 M 4.92 M - 8.55 M 8 M 8.1 M - 6.82 M 6.41 M 6.32 M - 2.78 M 5.13 M 10 M - 2.99 M 2.9 M 2.9 M - 3.39 M 3.15 M 3.15 M 2.9 M 2.89 M 3.42 M 3.42 M 3.2 M 2.57 M 2.72 M 2.72 M 2.74 M 3.44 M 3.03 M 3.03 M 3.15 M 3.04 M 3 M 3 M 4.39 M 2.56 M 3.93 M 3.93 M 3.04 M 2.97 M 3.42 M 3.42 M 3.82 M 3.21 M 5.04 M 5.04 M 4.31 M 3.91 M 4.08 M 4.08 M 5.12 M

General and Administrative Expenses

652 K 948 K 789 K 518 K - 849 K - - - 789 K - - - - - - - 2.97 M - - - 1.76 M 2.05 M 4.96 M - 2.09 M 1.84 M 1.84 M - 2.01 M 1.84 M 1.84 M 1.7 M 1.58 M 1.85 M 1.85 M 2.05 M 1.62 M 1.75 M 1.75 M 1.64 M 1.69 M 1.72 M 1.72 M 1.52 M 1.96 M 1.82 M 1.82 M 1.91 M 1.77 M 2.71 M 2.71 M 3.12 M 2.37 M 1.81 M 1.81 M 2.55 M 1.82 M 2.1 M 2.1 M 2.38 M 1.88 M 2.02 M 2.02 M 2.02 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Ocean Power Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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