What is Coda Octopus Group's operating income?

Coda Octopus Group's total operating income in 2025 was $4.54 million, based on the following breakdown: Total Gross Profit: $17.66 million Total Operating Expenses: $13.13 million

Coda Octopus Group (CODA) Financials

$8.70 +0.05 (+0.58%)

As of 02:13 PM Eastern

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Annual Income Statements for Coda Octopus Group

This table shows Coda Octopus Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.78	3.34	1.22	7.24	-6.04	4.95	-1.84	3.12	3.65	4.13
Consolidated Net Income / (Loss)	4.93	3.34	4.99	5.23	3.34	4.95	4.30	3.12	3.65	4.13
Net Income / (Loss) Continuing Operations	4.78	3.34	1.22	7.24	-6.04	4.95	4.30	3.12	3.65	4.13
Total Pre-Tax Income	4.85	3.34	3.10	6.23	3.40	5.25	5.13	3.42	4.61	5.51
Total Operating Income	5.54	3.82	3.31	6.25	2.80	3.84	5.00	2.74	3.58	4.54
Total Gross Profit	13	12	13	16	13	15	15	13	14	18
Total Revenue	21	18	18	25	20	21	22	19	20	27
Operating Revenue	21	18	18	25	20	21	22	19	20	27
Total Cost of Revenue	8.47	6.06	5.36	8.63	7.31	6.56	7.04	6.32	6.14	8.90
Operating Cost of Revenue	8.47	6.06	5.36	8.63	7.31	6.56	7.04	6.32	6.14	8.90
Total Operating Expenses	7.11	8.15	9.35	10	20	11	10	10	11	13
Selling, General & Admin Expense	6.10	6.77	6.78	7.37	6.74	7.95	7.95	8.20	8.35	11
Research & Development Expense	1.01	1.38	2.57	2.80	3.19	2.98	2.24	2.10	2.24	2.45
Total Other Income / (Expense), net	-0.68	-0.48	-0.21	-0.02	1.20	1.42	0.13	0.68	1.03	0.98
Interest & Investment Income	-	-	-	-	-	-	0.00	0.64	0.94	0.71
Other Income / (Expense), net	0.17	0.12	0.04	0.07	1.27	1.44	0.14	0.04	0.09	0.27
Income Tax Expense	-0.08	-0.00	-1.89	1.01	0.12	0.31	0.83	0.30	0.97	1.38
Basic Earnings per Share	$0.60	$0.37	$0.49	$0.49	$0.31	$0.46	$0.40	$0.28	$0.33	$0.37
Weighted Average Basic Shares Outstanding	8.28M	9.11M	10.09M	10.68M	10.73M	10.80M	10.86M	11.13M	11.17M	11.23M
Diluted Earnings per Share	$0.58	$0.36	-	$0.49	$0.30	$0.44	$0.38	$0.28	$0.32	$0.37
Weighted Average Diluted Shares Outstanding	8.44M	9.31M	10.20M	10.68M	11.29M	11.31M	11.28M	11.32M	11.29M	11.25M
Weighted Average Basic & Diluted Shares Outstanding	-	9M	10.20M	10.72M	10.75M	-	10.94M	11.16M	11.22M	11.27M

This table shows Coda Octopus Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
Total Costs & Expenses	-	-	-	-	-	-	3.44	-	-	-	3.52
Net Income / (Loss) Attributable to Common Shareholders	0.63	1.42	1.27	0.33	0.91	0.91	1.28	1.03	0.93	1.70	1.39
Consolidated Net Income / (Loss)	0.63	1.42	1.27	0.33	0.91	0.91	1.28	1.03	0.93	1.70	1.39
Net Income / (Loss) Continuing Operations	0.63	1.42	1.27	0.33	0.91	0.91	1.28	1.03	0.93	1.70	1.39
Total Pre-Tax Income	0.78	1.64	1.63	0.56	0.93	1.27	1.54	1.77	1.19	2.13	1.79
Total Operating Income	0.56	1.35	1.39	0.29	0.66	1.09	1.38	1.41	1.01	1.79	1.53
Total Gross Profit	3.09	3.74	4.05	3.30	3.43	4.50	4.82	4.91	4.37	4.58	5.05
Total Revenue	4.46	5.32	5.48	5.06	5.21	7.02	7.06	7.27	6.71	6.90	7.72
Operating Revenue	4.46	5.32	5.48	5.06	5.21	7.02	7.06	7.27	6.71	6.90	7.72
Total Cost of Revenue	1.37	1.58	1.43	1.76	1.78	2.52	2.24	2.36	2.34	2.33	2.67
Operating Cost of Revenue	1.37	1.58	1.43	1.76	1.78	2.52	2.24	2.36	2.34	2.33	2.67
Total Operating Expenses	2.53	2.39	2.66	3.01	2.77	3.41	3.44	3.51	3.36	2.79	3.52
Selling, General & Admin Expense	2.05	1.85	2.16	2.29	2.22	2.72	2.87	2.86	2.75	2.14	2.79
Research & Development Expense	0.49	0.54	0.50	0.72	0.54	0.69	0.57	0.64	0.61	0.65	0.73
Total Other Income / (Expense), net	0.23	0.29	0.24	0.27	0.27	0.18	0.16	0.36	0.18	0.34	0.26
Interest & Investment Income	0.19	0.29	0.23	0.22	0.19	0.15	0.15	0.21	0.17	0.17	0.23
Other Income / (Expense), net	0.04	-0.00	0.01	0.05	0.08	0.03	0.01	0.15	0.00	0.17	0.02
Income Tax Expense	0.15	0.23	0.36	0.23	0.02	0.36	0.26	0.74	0.26	0.44	0.40
Basic Earnings per Share	$0.06	$0.13	$0.11	$0.03	$0.08	$0.08	$0.11	$0.10	$0.08	$0.15	$0.12
Weighted Average Basic Shares Outstanding	11.13M	11.17M	11.17M	11.17M	11.21M	11.22M	11.24M	11.23M	11.27M	11.27M	11.28M
Diluted Earnings per Share	$0.06	$0.13	$0.11	$0.02	$0.08	$0.08	$0.11	$0.10	$0.08	$0.15	$0.12
Weighted Average Diluted Shares Outstanding	11.26M	11.29M	11.31M	11.29M	11.30M	11.31M	11.30M	11.25M	11.29M	11.29M	11.30M
Weighted Average Basic & Diluted Shares Outstanding	11.17M	11.18M	11.20M	11.22M	11.23M	11.23M	11.25M	11.27M	11.28M	11.28M	11.28M

This table details how cash moves in and out of Coda Octopus Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Change in Cash & Equivalents	-0.71	1.25	0.66	3.86	3.41	2.61	5.18	1.52	-1.97	6.20
Net Cash From Operating Activities	4.39	4.84	2.43	6.39	4.43	3.27	6.73	2.39	2.45	7.21
Net Cash From Continuing Operating Activities	4.42	4.84	2.43	6.04	4.36	3.27	6.73	2.39	2.45	7.21
Net Income / (Loss) Continuing Operations	4.93	3.34	4.99	5.23	3.34	4.95	4.30	3.12	3.65	4.13
Consolidated Net Income / (Loss)	4.93	3.34	4.99	5.23	3.34	4.95	4.30	3.12	3.65	4.13
Depreciation Expense	0.81	0.95	0.77	0.83	0.81	0.92	0.68	0.60	0.71	0.86
Amortization Expense	-	-	-	-	-	-	0.06	0.06	0.06	0.53
Non-Cash Adjustments To Reconcile Net Income	0.15	0.02	-1.61	1.39	1.38	0.18	1.58	0.36	-0.54	-0.79
Changes in Operating Assets and Liabilities, net	-1.47	0.52	-1.72	-1.06	-1.17	-2.78	0.11	-1.77	-1.43	2.48
Net Cash From Investing Activities	-0.61	-2.04	-0.64	-1.58	-1.00	-0.96	-0.56	-1.52	-4.42	-1.20
Net Cash From Continuing Investing Activities	-0.61	-2.04	-0.64	-1.58	-1.00	-0.96	-0.56	-1.52	-4.42	-1.20
Purchase of Property, Plant & Equipment	-0.61	-2.56	-0.57	-2.26	-0.84	-0.85	-0.47	-2.02	-0.50	-1.17
Acquisitions	-	-	-0.07	-0.04	-0.16	-0.11	-0.09	-0.11	-4.69	-0.03
Sale of Property, Plant & Equipment	0.00	0.50	0.00	0.72	-	-	0.00	0.61	0.78	0.00
Net Cash From Financing Activities	-1.77	-1.85	-0.94	-0.69	0.16	0.14	-0.09	-0.02	-0.02	0.00
Net Cash From Continuing Financing Activities	-1.77	-1.85	-0.94	-0.69	0.16	0.14	-0.09	-0.02	-0.02	0.00
Repurchase of Common Equity	-	-	-	-	-	0.00	-0.03	-0.02	-0.02	0.00
Effect of Exchange Rate Changes	-2.71	0.30	-0.19	0.09	-0.19	-	-	-	0.02	0.19
Cash Income Taxes Paid	0.10	0.06	0.03	0.01	0.00	0.00	0.07	1.41	0.36	0.42

This table details how cash moves in and out of Coda Octopus Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
Net Change in Cash & Equivalents	0.56	-1.29	1.51	-2.74	0.06	1.92	1.73	2.49	1.76	0.18	1.09
Net Cash From Operating Activities	-0.30	-0.96	1.71	1.99	0.64	1.46	2.20	2.90	1.48	0.57	1.38
Net Cash From Continuing Operating Activities	-0.30	-0.96	1.71	1.99	0.64	1.46	2.20	2.90	1.48	0.57	1.38
Net Income / (Loss) Continuing Operations	0.63	1.42	1.27	0.33	0.91	0.91	1.28	1.03	0.93	1.70	1.39
Consolidated Net Income / (Loss)	0.63	1.42	1.27	0.33	0.91	0.91	1.28	1.03	0.93	1.70	1.39
Depreciation Expense	0.17	0.18	0.18	0.18	0.21	0.22	0.22	0.22	0.23	0.19	0.23
Amortization Expense	0.02	0.02	0.01	0.01	0.13	0.12	0.15	0.14	0.14	0.13	0.14
Non-Cash Adjustments To Reconcile Net Income	0.18	-0.88	-0.96	1.12	-0.55	-0.01	-0.16	-0.08	1.13	-0.63	-0.41
Changes in Operating Assets and Liabilities, net	-1.30	-1.68	1.20	0.35	-0.06	0.23	0.71	1.60	-0.95	-0.82	0.04
Net Cash From Investing Activities	0.61	-0.20	-0.18	-4.66	-0.14	-0.07	-0.61	-0.37	-0.11	0.01	-0.18
Net Cash From Continuing Investing Activities	0.61	-0.20	-0.18	-4.66	-0.14	-0.07	-0.61	-0.37	-0.11	0.01	-0.18
Purchase of Property, Plant & Equipment	-0.14	-0.15	-0.16	-0.05	-0.13	-0.07	-0.61	-0.37	-0.08	-0.12	-0.16
Acquisitions	-0.03	-0.04	-0.02	-4.61	-0.01	-0.00	-0.01	-0.01	-0.02	-0.01	-0.02
Sale of Property, Plant & Equipment	0.77	-	-	-	-	-	-	-	-	-	-0.00
Effect of Exchange Rate Changes	0.26	-	-	-0.08	-	-	0.14	-0.04	-	-	-0.11
Cash Income Taxes Paid	0.07	0.00	0.14	0.15	0.01	0.18	0.23	-	0.27	0.84	0.02

This table presents Coda Octopus Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Total Assets	23	24	29	35	38	45	47	52	58	64
Total Current Assets	15	15	18	24	28	36	37	41	43	50
Cash & Equivalents	5.60	6.85	7.51	12	15	18	23	24	22	29
Accounts Receivable	6.68	4.14	6.34	6.71	2.88	5.29	3.47	3.54	5.15	6.72
Inventories, net	2.60	3.65	3.82	5.35	9.14	11	10	12	14	14
Prepaid Expenses	0.11	0.29	0.23	0.20	0.29	1.20	0.24	0.18	0.54	0.43
Other Current Assets	0.14	0.32	0.22	0.30	0.24	0.63	0.34	1.03	0.84	0.53
Plant, Property, & Equipment, net	3.84	5.21	5.25	5.99	6.06	6.04	5.83	6.87	7.24	7.30
Total Noncurrent Assets	3.85	3.59	5.37	4.24	8.59	3.87	4.08	4.08	7.33	7.19
Goodwill	3.75	3.59	3.61	3.61	3.73	3.79	3.38	3.38	3.64	3.64
Intangible Assets	-	-	-	-	-	-	0.44	0.49	3.69	3.18
Other Noncurrent Operating Assets	-	-	-	-	4.29	-	-	-	-	0.37
Total Liabilities & Shareholders' Equity	23	24	29	35	38	45	47	52	58	64
Total Liabilities	13	10	4.35	3.88	3.64	4.42	3.54	3.41	4.42	6.38
Total Current Liabilities	3.50	4.12	3.24	3.17	3.38	4.26	3.47	3.28	3.90	5.64
Accounts Payable	2.19	1.50	1.67	1.85	1.87	2.20	2.52	2.30	2.64	3.88
Current Deferred Revenue	0.46	0.40	0.60	0.83	1.01	2.00	0.94	0.98	1.23	1.72
Other Current Liabilities	-	-	-	-	-	-	-	0.00	0.03	0.03
Total Noncurrent Liabilities	9.18	6.12	1.11	0.72	0.26	0.16	0.08	0.13	0.52	0.74
Noncurrent Deferred Revenue	0.00	0.05	0.05	0.14	0.20	0.16	0.08	0.13	0.06	0.06
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	0.00	0.08	0.32
Other Noncurrent Operating Liabilities	-	-	-	-	-	-	-	0.00	0.38	0.36
Commitments & Contingencies	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10	14	24	31	34	41	43	48	53	58
Total Preferred & Common Equity	10	14	24	31	34	41	43	48	53	58
Preferred Stock	0.00	0.00	-	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	10	14	24	31	34	41	43	48	53	58
Common Stock	53	53	59	60	60	61	62	63	63	63
Retained Earnings	-40	-37	-32	-27	-23	-18	-14	-11	-7.41	-3.28
Treasury Stock	-	-	-	-	-	0.00	-0.03	-0.05	-0.06	-0.06
Accumulated Other Comprehensive Income / (Loss)	-2.34	-2.04	-2.23	-2.14	-2.32	-1.67	-4.74	-3.44	-2.51	-1.88

This table presents Coda Octopus Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	1/31/2024	4/30/2024	7/31/2024	1/31/2025	4/30/2025	7/31/2025	1/31/2026	4/30/2026	7/31/2026
Total Assets	52	53	54	56	57	61	62	66	67	69
Total Current Assets	42	43	44	46	43	46	47	51	53	55
Cash & Equivalents	25	25	24	25	23	24	26	30	31	32
Accounts Receivable	4.25	3.79	5.98	6.02	5.62	7.09	6.59	5.69	7.33	8.88
Inventories, net	12	13	13	13	13	14	14	14	14	13
Prepaid Expenses	0.57	0.39	0.79	0.82	0.72	0.84	0.48	0.37	0.46	0.36
Other Current Assets	0.37	0.81	0.71	0.62	0.40	0.39	0.42	0.46	0.53	0.16
Plant, Property, & Equipment, net	6.25	6.34	6.26	6.34	6.97	7.20	7.56	7.37	7.44	7.43
Total Noncurrent Assets	3.99	3.90	3.90	3.91	7.59	7.07	6.94	7.09	6.96	6.82
Goodwill	3.85	3.38	3.38	3.38	3.64	3.64	3.64	3.64	3.64	3.64
Intangible Assets	-	0.50	0.52	0.52	3.57	3.43	3.30	3.08	2.96	2.85
Other Noncurrent Operating Assets	-	-	-	-	0.39	-	-	0.37	0.36	0.34
Total Liabilities & Shareholders' Equity	52	53	54	56	57	61	62	66	67	69
Total Liabilities	2.13	2.86	2.93	3.14	3.78	4.70	4.64	5.44	5.92	6.12
Total Current Liabilities	1.99	2.75	2.82	3.02	3.34	4.25	4.17	4.69	5.21	5.43
Accounts Payable	1.35	1.97	2.10	2.26	2.30	2.33	2.92	3.50	3.25	3.55
Current Deferred Revenue	0.64	0.79	0.72	0.75	1.00	1.88	1.22	1.16	1.93	1.83
Other Current Liabilities	-	-	-	-	0.03	0.04	0.04	0.04	0.04	0.04
Total Noncurrent Liabilities	0.14	0.11	0.11	0.12	0.45	0.45	0.47	0.74	0.71	0.70
Noncurrent Deferred Revenue	0.14	0.11	0.10	0.08	0.04	0.03	0.08	0.05	0.04	0.04
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.01	0.04	0.05	0.04	0.03	0.33	0.32	0.32
Other Noncurrent Operating Liabilities	-	-	-	-	0.36	0.39	0.36	0.36	0.35	0.34
Commitments & Contingencies	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	50	50	51	53	53	56	57	60	61	63
Total Preferred & Common Equity	50	50	51	53	53	56	57	60	61	63
Preferred Stock	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	50	50	51	53	53	56	57	60	61	63
Common Stock	63	63	63	63	63	63	63	63	63	63
Retained Earnings	-11	-10	-9.01	-7.73	-6.49	-5.58	-4.30	-2.35	-0.65	0.74
Treasury Stock	-0.05	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.08	-0.08
Accumulated Other Comprehensive Income / (Loss)	-2.20	-2.41	-2.85	-2.46	-3.54	-1.74	-1.67	-0.77	-1.21	-1.31

This table displays calculated financial ratios and metrics derived from Coda Octopus Group's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
DEI Shares Outstanding	381,235,185.00	9,122,728.00	10,415,416.00	10,691,524.00	10,751,881.00	10,857,195.00	10,858,302.00	11,117,695.00	11,195,487.00	11,248,867.00
DEI Adjusted Shares Outstanding	381,235,185.00	9,122,728.00	10,415,416.00	10,691,524.00	10,751,881.00	10,857,195.00	10,858,302.00	11,117,695.00	11,195,487.00	11,248,867.00
DEI Earnings Per Adjusted Shares Outstanding	0.01	0.37	0.12	0.68	-0.56	0.46	-0.17	0.28	0.35	0.42
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-14.65%	-0.03%	39.06%	-20.01%	6.42%	4.19%	-12.93%	4.98%	30.75%
EBITDA Growth	0.00%	-24.96%	-15.66%	73.44%	-31.86%	27.07%	-5.10%	-41.40%	28.93%	39.45%
EBIT Growth	0.00%	-31.02%	-14.91%	88.65%	-35.64%	29.55%	-2.48%	-45.96%	32.17%	30.81%
NOPAT Growth	0.00%	-32.08%	39.30%	-1.50%	-48.35%	33.48%	16.03%	-40.35%	13.28%	19.93%
Net Income Growth	0.00%	-32.27%	49.37%	4.74%	-36.01%	47.98%	-13.07%	-27.37%	16.70%	13.27%
EPS Growth	0.00%	-37.93%	0.00%	0.00%	-38.78%	46.67%	-13.64%	-26.32%	14.29%	15.63%
Operating Cash Flow Growth	0.00%	10.38%	-49.78%	162.95%	-30.62%	-26.26%	105.73%	-64.47%	2.59%	194.13%
Free Cash Flow Firm Growth	0.00%	0.00%	-46.36%	148.68%	-134.84%	400.88%	62.26%	-114.40%	-275.01%	220.32%
Invested Capital Growth	0.00%	4.74%	23.88%	5.65%	20.85%	-3.16%	-12.45%	17.23%	27.81%	-3.97%
Revenue Q/Q Growth	0.00%	0.00%	22.58%	0.73%	-5.51%	1.93%	0.25%	-7.51%	7.92%	9.10%
EBITDA Q/Q Growth	0.00%	0.00%	74.26%	-10.32%	26.81%	26.53%	19.75%	-26.97%	17.77%	28.81%
EBIT Q/Q Growth	0.00%	0.00%	132.79%	-12.39%	37.35%	34.97%	23.57%	-34.14%	20.58%	34.09%
NOPAT Q/Q Growth	0.00%	0.00%	267.38%	-37.08%	13.49%	-21.43%	41.19%	-33.49%	27.46%	24.65%
Net Income Q/Q Growth	0.00%	0.00%	345.29%	-36.47%	42.80%	-18.85%	16.66%	-24.70%	21.58%	20.37%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-16.98%	15.15%	-22.22%	14.29%	27.59%
Operating Cash Flow Q/Q Growth	0.00%	8.44%	153.35%	-11.09%	50.65%	-49.14%	13.62%	30.64%	67.58%	14.44%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-24.09%	-249.01%	2.12%	99.40%	-534.76%	-819.49%	705.92%
Invested Capital Q/Q Growth	0.00%	0.00%	8.25%	-1.60%	11.19%	6.14%	-4.51%	-3.88%	11.10%	-5.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.91%	66.39%	70.27%	65.57%	63.51%	69.24%	68.35%	67.34%	69.76%	66.49%
EBITDA Margin	30.87%	27.14%	22.90%	28.56%	24.33%	29.05%	26.46%	17.81%	21.87%	23.32%
Operating Margin	26.23%	21.18%	18.37%	24.96%	13.99%	17.99%	22.51%	14.16%	17.64%	17.08%
EBIT Margin	27.04%	21.85%	18.60%	25.24%	20.31%	24.72%	23.14%	14.36%	18.08%	18.09%
Profit (Net Income) Margin	23.35%	18.53%	27.68%	20.85%	16.68%	23.19%	19.35%	16.14%	17.95%	15.55%
Tax Burden Percent	101.57%	99.92%	160.77%	83.84%	98.29%	94.18%	83.81%	91.32%	79.07%	74.92%
Interest Burden Percent	85.00%	84.84%	92.57%	98.56%	83.58%	99.63%	99.81%	123.12%	125.56%	114.74%
Effective Tax Rate	-1.57%	-0.08%	-60.77%	16.16%	3.42%	5.82%	16.19%	8.68%	20.93%	25.08%
Return on Invested Capital (ROIC)	38.62%	25.63%	31.17%	26.98%	12.28%	15.22%	19.14%	11.26%	10.37%	11.31%
ROIC Less NNEP Spread (ROIC-NNEP)	22.86%	9.14%	47.63%	27.20%	6.21%	5.68%	18.61%	8.63%	6.91%	8.45%
Return on Net Nonoperating Assets (RNNOA)	9.93%	2.22%	-5.06%	-7.98%	-2.00%	-2.10%	-8.95%	-4.45%	-3.19%	-3.89%
Return on Equity (ROE)	48.56%	27.85%	26.11%	19.00%	10.28%	13.12%	10.19%	6.81%	7.18%	7.43%
Cash Return on Invested Capital (CROIC)	0.00%	21.00%	9.83%	21.49%	-6.60%	18.44%	32.42%	-4.60%	-14.04%	15.36%
Operating Return on Assets (OROA)	25.01%	16.80%	12.70%	20.00%	11.22%	12.63%	11.13%	5.63%	6.71%	7.87%
Return on Assets (ROA)	21.59%	14.24%	18.90%	16.52%	9.22%	11.85%	9.31%	6.33%	6.67%	6.77%
Return on Common Equity (ROCE)	48.56%	27.85%	26.11%	19.00%	10.28%	13.12%	10.19%	6.81%	7.18%	7.43%
Return on Equity Simple (ROE_SIMPLE)	48.56%	24.15%	20.46%	17.06%	9.72%	12.05%	9.91%	6.45%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	5.63	3.82	5.32	5.24	2.71	3.61	4.19	2.50	2.83	3.40
NOPAT Margin	26.64%	21.20%	29.54%	20.92%	13.51%	16.94%	18.87%	12.93%	13.95%	12.79%
Net Nonoperating Expense Percent (NNEP)	15.76%	16.49%	-16.46%	-0.22%	6.08%	9.54%	0.53%	2.63%	3.46%	2.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.17%	5.33%	5.85%
Cost of Revenue to Revenue	40.09%	33.61%	29.73%	34.43%	36.49%	30.76%	31.65%	32.66%	30.24%	33.51%
SG&A Expenses to Revenue	28.89%	37.55%	37.63%	29.43%	33.61%	37.27%	35.76%	42.35%	41.08%	40.20%
R&D to Revenue	4.80%	7.66%	14.27%	11.18%	15.91%	13.98%	10.07%	10.83%	11.04%	9.21%
Operating Expenses to Revenue	33.69%	45.21%	51.90%	40.61%	99.04%	51.25%	45.83%	53.18%	52.12%	49.42%
Earnings before Interest and Taxes (EBIT)	5.71	3.94	3.35	6.32	4.07	5.27	5.14	2.78	3.67	4.80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.52	4.89	4.13	7.16	4.88	6.20	5.88	3.45	4.44	6.20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.28	2.60	2.56	1.73	2.23	1.61	1.52	1.80	1.98
Price to Tangible Book Value (P/TBV)	0.00	4.43	3.05	2.90	1.94	2.46	1.76	1.65	2.09	2.25
Price to Revenue (P/Rev)	0.00	2.52	3.51	3.13	2.96	4.30	3.14	3.79	4.70	4.34
Price to Earnings (P/E)	0.00	13.59	52.02	10.84	0.00	18.52	0.00	23.49	26.19	27.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	7.36%	1.92%	9.23%	0.00%	5.40%	0.00%	4.26%	3.82%	3.58%
Enterprise Value to Invested Capital (EV/IC)	0.00	3.07	3.06	3.40	1.86	3.17	2.29	2.04	2.38	2.94
Enterprise Value to Revenue (EV/Rev)	0.00	2.60	3.21	2.71	2.23	3.47	2.10	2.53	3.59	3.26
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.57	14.02	9.47	9.18	11.93	7.96	14.20	16.43	13.98
Enterprise Value to EBIT (EV/EBIT)	0.00	11.89	17.25	10.72	11.00	14.02	9.10	17.61	19.88	18.03
Enterprise Value to NOPAT (EV/NOPAT)	0.00	12.26	10.87	12.93	16.54	20.46	11.16	19.56	25.77	25.49
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.67	23.79	10.61	10.10	22.62	6.95	20.47	29.78	12.01
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	14.96	34.44	16.24	0.00	16.89	6.59	0.00	0.00	18.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	0.60	0.08	0.03	0.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.90	0.44	0.04	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.43	0.24	-0.11	-0.29	-0.32	-0.37	-0.48	-0.52	-0.46	-0.46
Leverage Ratio	2.25	1.96	1.38	1.15	1.12	1.11	1.09	1.08	1.08	1.10
Compound Leverage Factor	1.91	1.66	1.28	1.13	0.93	1.10	1.09	1.32	1.35	1.26
Debt to Total Capital	49.68%	37.45%	7.66%	3.34%	1.64%	0.15%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	4.20%	10.01%	3.65%	1.54%	1.46%	0.15%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	45.48%	27.44%	4.01%	1.81%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.32%	62.55%	92.34%	96.66%	98.36%	99.85%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	1.54	1.69	0.49	0.15	0.12	0.01	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.68	0.29	-1.33	-1.49	-2.99	-2.85	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	1.41	1.24	0.26	0.08	0.01	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.78	2.17	0.38	0.20	0.21	0.02	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.78	0.37	-1.03	-2.03	-5.38	-4.89	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.63	1.59	0.20	0.11	0.02	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.36	8.81	13.10	10.56	13.56	13.07	14.02	14.17	12.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.33	3.71	5.59	7.67	8.18	8.35	10.67	12.47	11.03	8.86
Quick Ratio	3.51	2.67	4.27	5.82	5.32	5.41	7.61	8.53	7.09	6.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	3.13	1.68	4.18	-1.45	4.38	7.10	-1.02	-3.84	4.62
Operating Cash Flow to CapEx	713.92%	235.34%	429.98%	413.96%	530.98%	384.27%	1,442.10%	169.21%	0.00%	615.96%
Free Cash Flow to Firm to Interest Expense	0.00	5.24	6.74	45.84	-20.73	222.73	731.99	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	5.12	8.11	9.76	70.16	63.17	166.36	693.22	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.40	4.66	7.49	53.21	51.27	123.07	645.15	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	0.77	0.68	0.79	0.55	0.51	0.48	0.39	0.37	0.44
Accounts Receivable Turnover	3.16	3.33	3.44	3.84	4.18	5.23	5.07	5.52	4.68	4.47
Inventory Turnover	3.26	1.94	1.43	1.88	1.01	0.66	0.68	0.58	0.48	0.64
Fixed Asset Turnover	5.50	3.98	3.45	4.46	3.33	3.53	3.75	3.05	2.88	3.56
Accounts Payable Turnover	3.86	3.28	3.37	4.90	3.93	3.23	2.98	2.62	2.49	2.73
Days Sales Outstanding (DSO)	115.47	109.57	106.15	95.06	87.29	69.85	71.94	66.11	78.05	81.57
Days Inventory Outstanding (DIO)	112.06	188.34	254.67	194.05	361.61	551.62	537.46	626.88	762.35	566.15
Days Payable Outstanding (DPO)	94.45	111.23	108.16	74.54	92.78	113.01	122.44	139.42	146.85	133.74
Cash Conversion Cycle (CCC)	133.08	186.68	252.66	214.57	356.12	508.45	486.95	553.58	693.55	513.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	15	15	19	20	24	23	20	24	31	29
Invested Capital Turnover	1.45	1.21	1.06	1.29	0.91	0.90	1.01	0.87	0.74	0.88
Increase / (Decrease) in Invested Capital	0.00	0.69	3.64	1.07	4.16	-0.76	-2.91	3.52	6.67	-1.22
Enterprise Value (EV)	0.00	47	58	68	45	74	47	49	73	87
Market Capitalization	0.00	45	63	78	59	92	70	73	95	115
Book Value per Share	$0.08	$1.52	$2.34	$2.86	$3.20	$3.78	$4.00	$4.36	$4.75	$5.17
Tangible Book Value per Share	$0.05	$1.12	$1.99	$2.53	$2.85	$3.43	$3.64	$4.01	$4.09	$4.56
Total Capital	20	22	26	32	35	41	43	48	53	58
Total Debt	10	8.28	2.02	1.06	0.57	0.06	0.00	0.00	0.00	0.00
Total Long-Term Debt	9.18	6.07	1.06	0.57	0.06	0.00	0.00	0.00	0.00	0.00
Net Debt	4.41	1.43	-5.49	-11	-15	-18	-23	-24	-22	-29
Capital Expenditures (CapEx)	0.61	2.06	0.57	1.54	0.84	0.85	0.47	1.41	-0.27	1.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6.88	6.50	8.33	9.88	9.68	14	11	13	17	16
Debt-free Net Working Capital (DFNWC)	12	13	16	22	25	31	34	38	39	44
Net Working Capital (NWC)	12	11	15	21	24	31	34	38	39	44
Net Nonoperating Expense (NNE)	0.70	0.48	0.33	0.02	-0.64	-1.33	-0.11	-0.62	-0.81	-0.73
Net Nonoperating Obligations (NNO)	4.41	1.43	-5.49	-11	-10	-18	-23	-24	-22	-29
Total Depreciation and Amortization (D&A)	0.81	0.95	0.77	0.83	0.81	0.92	0.74	0.67	0.77	1.39
Debt-free, Cash-free Net Working Capital to Revenue	32.57%	36.07%	46.25%	39.42%	48.28%	63.82%	47.76%	68.00%	81.74%	59.04%
Debt-free Net Working Capital to Revenue	59.16%	74.08%	87.94%	86.20%	123.78%	147.02%	150.92%	194.34%	192.38%	167.02%
Net Working Capital to Revenue	55.15%	61.80%	82.58%	84.26%	121.24%	146.73%	150.92%	194.34%	192.38%	167.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$0.37	$0.49	$0.49	$0.31	$0.46	$0.40	$0.28	$0.33	$0.37
Adjusted Weighted Average Basic Shares Outstanding	8.28M	9.11M	10.09M	10.68M	10.73M	10.80M	10.86M	11.13M	11.17M	11.23M
Adjusted Diluted Earnings per Share	$0.58	$0.36	$0.49	$0.00	$0.30	$0.44	$0.38	$0.28	$0.32	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	8.44M	9.31M	10.09M	10.72M	11.29M	11.31M	11.28M	11.32M	11.29M	11.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	10.26M	10.20M	10.72M	10.75M	0.00	10.94M	11.16M	11.22M	11.27M
Normalized Net Operating Profit after Tax (NOPAT)	3.88	2.67	2.32	5.24	2.71	3.61	4.19	2.50	2.83	3.40
Normalized NOPAT Margin	18.36%	14.83%	12.86%	20.92%	13.51%	16.94%	18.87%	12.93%	13.95%	12.79%
Pre Tax Income Margin	22.99%	18.54%	17.22%	24.87%	16.97%	24.63%	23.09%	17.68%	22.70%	20.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.67	6.60	13.46	69.42	57.98	268.27	529.89	0.00	0.00	0.00
NOPAT to Interest Expense	6.57	6.40	21.37	57.55	38.57	183.89	432.16	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	5.95	3.15	11.19	52.47	46.08	224.98	481.82	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	5.85	2.96	19.10	40.60	26.67	140.60	384.09	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.66%	0.58%	0.43%	0.00%

This table displays calculated financial ratios and metrics derived from Coda Octopus Group's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
DEI Shares Outstanding	11,117,695.00	11,172,683.00	11,175,183.00	11,195,487.00	11,218,804.00	11,230,248.00	11,232,514.00	11,248,867.00	22,541,150.00	11,276,152.00	11,280,754.00
DEI Adjusted Shares Outstanding	11,117,695.00	11,172,683.00	11,175,183.00	11,195,487.00	11,218,804.00	11,230,248.00	11,232,514.00	11,248,867.00	22,541,150.00	11,276,152.00	11,280,754.00
DEI Earnings Per Adjusted Shares Outstanding	0.06	0.13	0.11	0.06	0.08	0.08	0.11	0.15	0.04	0.15	0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.28%	0.41%	11.98%	41.85%	16.78%	31.83%	29.00%	43.83%	28.80%	-1.62%	9.24%
EBITDA Growth	-48.38%	48.73%	52.98%	454.12%	37.54%	-5.59%	10.00%	265.08%	28.52%	57.02%	9.30%
EBIT Growth	-56.23%	57.10%	61.91%	213.44%	25.45%	-16.90%	-0.88%	366.65%	36.97%	75.15%	12.14%
NOPAT Growth	-67.66%	38.88%	30.64%	174.35%	44.70%	-32.93%	5.53%	383.20%	22.52%	82.68%	3.71%
Net Income Growth	-54.94%	40.33%	22.71%	201.63%	44.94%	-35.79%	0.65%	214.28%	1.94%	86.83%	8.31%
EPS Growth	-50.00%	44.44%	22.22%	200.00%	33.33%	-38.46%	0.00%	400.00%	0.00%	87.50%	9.09%
Operating Cash Flow Growth	-130.25%	23.29%	4.00%	98.38%	315.30%	253.02%	28.75%	45.63%	130.22%	-61.00%	-37.26%
Free Cash Flow Firm Growth	-282.18%	57.33%	42.34%	-73.29%	-94.92%	-146.03%	-50.70%	131.26%	138.95%	162.73%	153.32%
Invested Capital Growth	14.05%	10.06%	10.58%	27.81%	23.12%	14.88%	12.64%	-3.97%	-3.94%	-2.02%	-0.19%
Revenue Q/Q Growth	25.18%	19.32%	2.88%	-7.69%	3.06%	34.70%	0.67%	2.92%	-7.72%	2.89%	11.78%
EBITDA Q/Q Growth	628.96%	97.44%	3.60%	-67.27%	105.45%	35.53%	20.71%	8.62%	-27.68%	65.59%	-15.98%
EBIT Q/Q Growth	301.06%	128.28%	3.97%	-76.23%	122.35%	51.21%	24.01%	11.92%	-34.74%	93.37%	-20.60%
NOPAT Q/Q Growth	296.85%	160.61%	-6.67%	-84.47%	283.08%	20.80%	46.85%	-28.89%	-2.86%	80.11%	-16.63%
Net Income Q/Q Growth	296.25%	124.68%	-9.93%	-74.41%	179.87%	-0.46%	41.18%	-20.09%	-9.22%	82.42%	-18.15%
EPS Q/Q Growth	400.00%	116.67%	-15.38%	-81.82%	300.00%	0.00%	37.50%	-9.09%	-20.00%	87.50%	-20.00%
Operating Cash Flow Q/Q Growth	-129.65%	-220.77%	279.10%	16.47%	-67.82%	127.97%	50.70%	31.74%	-49.13%	-61.38%	142.42%
Free Cash Flow Firm Q/Q Growth	29.34%	49.58%	-16.24%	-318.42%	20.52%	36.36%	28.80%	186.79%	-0.98%	2.52%	-39.49%
Invested Capital Q/Q Growth	4.86%	8.79%	0.84%	11.10%	1.01%	1.51%	-1.12%	-5.29%	1.04%	3.53%	0.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.19%	70.23%	73.93%	65.27%	65.81%	64.09%	68.28%	67.57%	65.08%	66.31%	65.44%
EBITDA Margin	17.51%	28.97%	29.17%	10.34%	20.62%	20.74%	24.87%	26.25%	20.57%	33.11%	24.89%
Operating Margin	12.45%	25.37%	25.40%	5.69%	12.71%	15.50%	19.53%	19.34%	15.05%	25.97%	19.87%
EBIT Margin	13.23%	25.32%	25.59%	6.59%	14.22%	15.96%	19.66%	21.38%	15.12%	28.41%	20.18%
Profit (Net Income) Margin	14.12%	26.59%	23.27%	6.45%	17.52%	12.95%	18.16%	14.10%	13.87%	24.59%	18.01%
Tax Burden Percent	80.45%	86.23%	78.14%	58.68%	97.66%	71.80%	83.11%	57.99%	78.42%	79.57%	77.57%
Interest Burden Percent	132.61%	121.77%	116.41%	166.87%	126.21%	113.00%	111.15%	113.73%	116.98%	108.76%	115.01%
Effective Tax Rate	19.55%	13.77%	21.86%	41.32%	2.34%	28.20%	16.89%	42.01%	21.58%	20.43%	22.43%
Return on Invested Capital (ROIC)	7.73%	15.28%	14.22%	2.48%	9.32%	8.62%	13.48%	9.92%	10.92%	18.57%	14.20%
ROIC Less NNEP Spread (ROIC-NNEP)	6.99%	14.22%	13.47%	1.81%	8.19%	8.09%	12.95%	9.10%	10.39%	17.58%	13.51%
Return on Net Nonoperating Assets (RNNOA)	-3.58%	-6.75%	-6.58%	-0.84%	-3.74%	-3.64%	-6.05%	-4.18%	-4.82%	-8.26%	-6.52%
Return on Equity (ROE)	4.15%	8.53%	7.64%	1.65%	5.58%	4.98%	7.43%	5.73%	6.09%	10.31%	7.68%
Cash Return on Invested Capital (CROIC)	-6.28%	-2.09%	-1.59%	-14.04%	-9.87%	-4.75%	-2.60%	15.36%	15.60%	15.42%	13.75%
Operating Return on Assets (OROA)	4.66%	8.80%	8.93%	2.45%	5.45%	6.34%	8.12%	9.31%	6.93%	12.42%	8.83%
Return on Assets (ROA)	4.97%	9.24%	8.12%	2.40%	6.72%	5.14%	7.50%	6.14%	6.35%	10.75%	7.88%
Return on Common Equity (ROCE)	4.15%	8.53%	7.64%	1.65%	5.58%	4.98%	7.43%	5.73%	6.09%	10.31%	7.68%
Return on Equity Simple (ROE_SIMPLE)	4.70%	5.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.45	1.16	1.09	0.17	0.65	0.78	1.15	0.82	0.79	1.43	1.19
NOPAT Margin	10.02%	21.88%	19.84%	3.34%	12.41%	11.13%	16.23%	11.22%	11.81%	20.67%	15.41%
Net Nonoperating Expense Percent (NNEP)	0.74%	1.06%	0.75%	0.67%	1.13%	0.53%	0.53%	0.82%	0.53%	0.98%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	0.89%	2.28%	2.06%	0.32%	1.22%	1.40%	2.00%	1.40%	1.32%	2.32%	1.90%
Cost of Revenue to Revenue	30.81%	29.77%	26.07%	34.73%	34.19%	35.91%	31.72%	32.43%	34.92%	33.69%	34.56%
SG&A Expenses to Revenue	45.85%	34.67%	39.47%	45.38%	42.68%	38.75%	40.64%	39.39%	41.00%	30.95%	36.12%
R&D to Revenue	10.89%	10.19%	9.06%	14.20%	10.43%	9.83%	8.10%	8.83%	9.03%	9.39%	9.45%
Operating Expenses to Revenue	56.74%	44.86%	48.53%	59.58%	53.10%	48.59%	48.75%	48.23%	50.03%	40.34%	45.57%
Earnings before Interest and Taxes (EBIT)	0.59	1.35	1.40	0.33	0.74	1.12	1.39	1.55	1.01	1.96	1.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.78	1.54	1.60	0.52	1.07	1.46	1.76	1.91	1.38	2.29	1.92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.45	1.55	1.80	1.70	1.35	1.46	1.98	1.99	2.08	1.82
Price to Tangible Book Value (P/TBV)	1.27	1.58	1.67	2.09	1.97	1.54	1.66	2.25	2.24	2.33	2.03
Price to Revenue (P/Rev)	3.22	4.07	4.35	4.70	4.29	3.31	3.44	4.34	4.28	4.56	4.00
Price to Earnings (P/E)	0.00	0.00	0.00	26.19	22.99	21.98	24.39	27.92	28.94	25.83	22.68
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	3.82%	4.35%	4.55%	4.10%	3.58%	3.46%	3.87%	4.41%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.85	2.05	2.38	2.19	1.62	1.85	2.94	3.01	3.15	2.67
Enterprise Value to Revenue (EV/Rev)	1.85	2.77	3.01	3.59	3.22	2.23	2.36	3.26	3.19	3.47	2.89
Enterprise Value to EBITDA (EV/EBITDA)	12.42	15.71	15.00	16.43	14.31	10.92	11.95	13.98	13.78	13.22	11.03
Enterprise Value to EBIT (EV/EBIT)	16.68	20.16	18.58	19.88	17.73	14.13	16.05	18.03	17.64	16.37	13.58
Enterprise Value to NOPAT (EV/NOPAT)	20.86	25.88	25.45	25.77	22.26	18.99	21.08	25.49	25.49	23.29	19.64
Enterprise Value to Operating Cash Flow (EV/OCF)	30.44	36.21	38.68	29.78	19.98	8.74	9.12	12.01	11.13	13.55	13.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.77	18.92	20.20	19.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.51	-0.47	-0.49	-0.46	-0.46	-0.45	-0.47	-0.46	-0.46	-0.47	-0.48
Leverage Ratio	1.07	1.06	1.05	1.08	1.06	1.07	1.07	1.10	1.08	1.09	1.09
Compound Leverage Factor	1.42	1.29	1.22	1.80	1.34	1.21	1.19	1.25	1.27	1.19	1.25
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	13.31	16.31	16.77	13.98	15.40	10.74	12.03	12.09	14.53	14.26	12.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	15.54	15.56	15.14	11.03	12.80	10.91	11.37	8.86	10.90	10.15	10.06
Quick Ratio	10.46	10.54	10.35	7.09	8.44	7.43	7.87	6.28	7.70	7.28	7.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.65	-1.34	-1.55	-6.50	-5.17	-3.29	-2.34	2.03	2.01	2.06	1.25
Operating Cash Flow to CapEx	0.00%	-618.52%	1,037.79%	4,205.15%	500.75%	2,143.35%	361.86%	794.69%	1,795.68%	470.36%	851.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.35	0.35	0.37	0.38	0.40	0.41	0.44	0.46	0.44	0.44
Accounts Receivable Turnover	4.80	3.32	3.67	4.68	4.48	3.48	3.86	4.47	4.96	3.88	3.70
Inventory Turnover	0.49	0.48	0.46	0.48	0.50	0.57	0.62	0.64	0.69	0.67	0.71
Fixed Asset Turnover	2.94	2.96	2.99	2.88	3.16	3.38	3.50	3.56	3.91	3.82	3.82
Accounts Payable Turnover	2.34	3.22	3.13	2.49	3.07	3.38	3.20	2.73	3.27	3.32	3.00
Days Sales Outstanding (DSO)	76.02	109.84	99.58	78.05	81.55	104.83	94.55	81.57	73.55	94.16	98.74
Days Inventory Outstanding (DIO)	746.75	756.78	795.31	762.35	730.08	638.15	588.00	566.15	532.86	541.94	512.04
Days Payable Outstanding (DPO)	155.71	113.37	116.58	146.85	118.85	108.01	113.94	133.74	111.76	109.89	121.82
Cash Conversion Cycle (CCC)	667.06	753.24	778.31	693.55	692.79	634.97	568.61	513.99	494.66	526.22	488.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	25	27	28	31	31	31	31	29	30	31	31
Invested Capital Turnover	0.77	0.70	0.72	0.74	0.75	0.77	0.83	0.88	0.92	0.90	0.92
Increase / (Decrease) in Invested Capital	3.10	2.50	2.64	6.67	5.81	4.07	3.49	-1.22	-1.22	-0.64	-0.06
Enterprise Value (EV)	34	51	57	73	68	51	57	87	90	97	83
Market Capitalization	59	74	82	95	90	75	84	115	120	128	114
Book Value per Share	$4.51	$4.57	$4.73	$4.75	$4.73	$4.98	$5.10	$5.17	$5.34	$5.45	$5.56
Tangible Book Value per Share	$4.16	$4.22	$4.38	$4.09	$4.09	$4.35	$4.48	$4.56	$4.74	$4.86	$4.99
Total Capital	50	51	53	53	53	56	57	58	60	61	63
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-25	-24	-25	-22	-23	-24	-26	-29	-30	-31	-32
Capital Expenditures (CapEx)	-0.64	0.15	0.16	0.05	0.13	0.07	0.61	0.37	0.08	0.12	0.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	17	17	17	17	18	17	16	16	17	17
Debt-free Net Working Capital (DFNWC)	40	41	43	39	39	42	43	44	46	48	49
Net Working Capital (NWC)	40	41	43	39	39	42	43	44	46	48	49
Net Nonoperating Expense (NNE)	-0.18	-0.25	-0.19	-0.16	-0.27	-0.13	-0.14	-0.21	-0.14	-0.27	-0.20
Net Nonoperating Obligations (NNO)	-25	-24	-25	-22	-22	-24	-26	-29	-30	-31	-32
Total Depreciation and Amortization (D&A)	0.19	0.19	0.20	0.19	0.33	0.34	0.37	0.35	0.37	0.32	0.36
Debt-free, Cash-free Net Working Capital to Revenue	82.43%	94.88%	92.77%	81.74%	79.95%	77.36%	70.00%	59.04%	57.09%	61.19%	61.04%
Debt-free Net Working Capital to Revenue	219.69%	224.87%	226.73%	192.38%	186.96%	184.85%	177.59%	167.02%	165.58%	170.76%	171.92%
Net Working Capital to Revenue	219.69%	224.87%	226.73%	192.38%	186.96%	184.85%	177.59%	167.02%	165.58%	170.76%	171.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.13	$0.11	$0.03	$0.08	$0.08	$0.11	$0.10	$0.08	$0.15	$0.12
Adjusted Weighted Average Basic Shares Outstanding	11.13M	11.17M	11.17M	11.17M	11.21M	11.22M	11.24M	11.23M	11.27M	11.27M	11.28M
Adjusted Diluted Earnings per Share	$0.06	$0.13	$0.11	$0.02	$0.08	$0.08	$0.11	$0.10	$0.08	$0.15	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	11.26M	11.29M	11.31M	11.29M	11.30M	11.31M	11.30M	11.25M	11.29M	11.29M	11.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.17M	11.18M	11.20M	11.22M	11.23M	11.23M	11.25M	11.27M	11.28M	11.28M	11.28M
Normalized Net Operating Profit after Tax (NOPAT)	0.45	1.16	1.09	0.17	0.65	0.78	1.15	0.82	0.79	1.43	1.19
Normalized NOPAT Margin	10.02%	21.88%	19.84%	3.34%	12.41%	11.13%	16.23%	11.22%	11.81%	20.67%	15.41%
Pre Tax Income Margin	17.55%	30.83%	29.79%	11.00%	17.94%	18.04%	21.85%	24.32%	17.69%	30.90%	23.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1.43%	1.11%	0.52%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.28%	0.27%

Financials Breakdown Chart

Key Financial Trends

Coda Octopus Group’s latest statements show continued growth, profitability and a strengthening balance sheet. In Q3 2026, revenue increased to $7.7 million from $7.1 million in Q3 2025, a 9.2% year-over-year gain. Revenue has risen substantially from $4.9 million in Q3 2023, although quarterly results remain relatively small and may be affected by project timing.

Gross profit reached $5.1 million in Q3 2026, producing a gross margin of approximately 65.4%. Operating income was $1.5 million, while net income attributable to common shareholders was $1.4 million, or $0.12 per diluted share. Compared with Q3 2025, operating income and net income increased modestly, but margins were slightly lower because operating expenses grew faster than revenue.

Multi-year revenue growth: Quarterly revenue increased from $4.9 million in Q3 2023 to $7.7 million in Q3 2026, indicating meaningful expansion in the company’s operating base.
Consistent profitability: CODA has reported positive net income in each of the provided 2025 and 2026 quarters, reversing the net loss recorded in Q4 2023.
Improving shareholder equity: Total equity rose to $62.7 million in Q3 2026 from $49.8 million in Q3 2023. Retained earnings also improved from a deficit of $10.7 million to positive retained earnings of $741,584.
Strong liquidity: Cash and equivalents totaled $31.7 million at the end of Q3 2026, while total current liabilities were only $5.4 million. The resulting current ratio was roughly 10 times, providing substantial short-term financial flexibility.
Low balance-sheet leverage: Total liabilities were $6.1 million against $62.7 million of equity. The supplied balance sheets do not show traditional debt, limiting interest-rate and refinancing risk.
Positive operating cash flow: CODA generated $1.4 million of operating cash flow in Q3 2026 and $3.4 million during the first three quarters of fiscal 2026. Operating cash flow was positive in every provided 2025 and 2026 quarter.
Moderate capital requirements: Q3 2026 capital expenditures and acquisitions totaled approximately $180,000, far below operating cash flow. This allowed the company to increase cash by approximately $1.1 million during the quarter, even after foreign-exchange effects.
Working-capital investment remains significant: Accounts receivable increased to $8.9 million in Q3 2026, while inventory stood at $13.5 million. These assets support future sales but tie up cash and should be monitored for collection and turnover.
Reported comparisons include restatements: Several 2025 and 2024 income and cash-flow figures are identified as restated or calculated. Investors should rely on the company’s latest filings when assessing historical trends.
Sequential earnings slowdown: Although Q3 revenue increased 11.8% from Q2 2026, net income declined from $1.7 million to $1.4 million and diluted EPS fell from $0.15 to $0.12. Operating expenses increased to $3.5 million from $2.8 million in Q2.
Operating cash flow was below year-ago levels: Q3 2026 operating cash flow of $1.4 million was down from $2.2 million in Q3 2025. This suggests that earnings growth has not translated into equivalent cash-flow growth in the latest year-over-year comparison.
Expense growth is pressuring margins: Selling, general and administrative expense increased to $2.8 million in Q3 2026 from $2.6 million in Q3 2025, while research and development expense rose to $729,216 from $572,468. The resulting operating margin was approximately 19.9%, slightly below the prior-year quarter.

Overall, the statements depict a financially conservative company with rising revenue, positive earnings, strong liquidity and improving equity. The main issues for investors to watch are the recent decline in operating cash flow, elevated inventory and receivables, and whether operating expenses continue to grow faster than revenue.

11/13/26 02:15 PM ETAI Generated. May Contain Errors.

Coda Octopus Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Coda Octopus Group's fiscal year ends in October. Their fiscal year 2025 ended on October 31, 2025.

Coda Octopus Group's net income appears to be on a downward trend, with a most recent value of $4.13 million in 2025, falling from $4.93 million in 2016. The previous period was $3.65 million in 2024. Check out Coda Octopus Group's forecast to explore projected trends and price targets.

Coda Octopus Group's total operating income in 2025 was $4.54 million, based on the following breakdown:

Total Gross Profit: $17.66 million
Total Operating Expenses: $13.13 million

Over the last 9 years, Coda Octopus Group's total revenue changed from $21.12 million in 2016 to $26.56 million in 2025, a change of 25.8%.

In the past 12 quarters, Coda Octopus Group's cash and equivalents has ranged from $22.54 million in Q1 2025 to $31.71 million in Q3 2026, and is currently $31.71 million as of their latest financial filing in Q3 2026.

Coda Octopus Group had total debt of $0.00 at the end of 2025, compared with none in 2024, and a 100.0% decrease since 2016.

Over the last 9 years, Coda Octopus Group's book value per share changed from 0.08 in 2016 to 5.17 in 2025, a change of 6,366.0%.

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Financial statements for NASDAQ:CODA last updated on 9/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Coda Octopus Group (CODA) Financials

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Coda Octopus Group (CODA) Financials

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