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Ocean Power Technologies (OPTT) Financials

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$0.17 0.00 (-1.75%)
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Annual Income Statements for Ocean Power Technologies

Annual Income Statements for Ocean Power Technologies

This table shows Ocean Power Technologies' 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 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -13 -9.49 -10 -12 -10 -15 -19 -26 -27 -24 -49
Consolidated Net Income / (Loss)		 -13 -9.49 -10 -12 -10 -15 -19 -26 -27 -24 -49
Net Income / (Loss) Continuing Operations		 -13 -9.49 -10 -12 -10 -15 -19 -26 -27 -24 -49
Total Pre-Tax Income 		-15 -10 -11 -13 -11 -15 -21 -27 -29 -26 -49
Total Operating Income		 -15 -12 -12 -13 -11 -14 -22 -29 -29 -22 -38
Total Gross Profit		 0.04 -0.10 -0.25 -0.67 -0.11 -1.07 -0.10 0.24 2.83 1.66 -5.92
Total Revenue		 0.71 0.84 0.51 0.63 1.68 1.21 1.76 2.73 5.53 5.86 3.74
Operating Revenue		 0.71 0.84 0.51 0.63 1.68 1.21 - 2.73 5.53 5.86 3.74
Total Cost of Revenue		 0.67 0.94 0.76 1.30 1.79 2.28 1.86 2.50 2.70 4.20 9.66
Operating Cost of Revenue		 0.67 0.94 0.76 1.30 1.79 2.28 1.86 2.50 2.70 4.20 9.66
Total Operating Expenses		 15 12 11 13 11 13 21 29 32 23 32
Other Operating Expenses / (Income)		 - - - - - 13 - - - 23 32
Total Other Income / (Expense), net		 0.10 1.50 0.28 0.18 0.12 -1.17 0.86 2.61 0.80 -3.81 -11
Interest Expense		 -0.01 -0.03 -0.08 -0.04 -0.12 -0.12 -1.01 -0.90 -0.80 0.79 3.97
Other Income / (Expense), net		 0.09 1.48 0.20 0.14 -0.01 -1.29 -0.16 0.46 0.00 -3.02 -6.58
Income Tax Expense		 -1.67 -0.70 -1.12 -0.85 -0.90 0.00 -1.82 -0.28 -1.25 -1.03 0.00
Basic Earnings per Share		 ($7.25) ($2.23) ($13.24) ($9.52) ($1.44) ($0.49) ($0.35) ($0.47) ($0.47) ($0.19) ($0.25)
Weighted Average Basic Shares Outstanding		 1.81M 4.26M 767.33K 1.29M 7.21M 30.02M 54.01M 56.00M 59.03M 126.91M 194.35M
Diluted Earnings per Share		 ($7.25) ($2.23) ($13.24) ($9.52) ($1.44) - ($0.35) ($0.47) ($0.47) ($0.19) ($0.25)
Weighted Average Diluted Shares Outstanding		 1.81M 4.26M 767.33K 1.29M 7.21M 30.02M 54.01M 56.00M 59.03M 126.91M 194.35M

Quarterly Income Statements for Ocean Power Technologies

This table shows Ocean Power Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/31/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 -7.21 -6.51 -6.72 -4.45 -3.91 -6.72 -6.43 -7.39 -11 -11 -19
Consolidated Net Income / (Loss)		 -7.21 -6.51 -6.72 -4.45 -3.91 -6.72 -6.43 -7.39 -11 -11 -19
Net Income / (Loss) Continuing Operations		 -7.21 -6.51 -6.72 -4.45 -3.91 -6.72 -6.43 -7.39 -11 -11 -19
Total Pre-Tax Income 		-7.21 -7.76 -6.72 -4.45 -3.91 -6.72 -7.46 -7.39 -11 -11 -19
Total Operating Income		 -7.48 -7.71 -6.76 -4.47 -3.92 -5.88 -7.42 -7.08 -10 -9.12 -12
Total Gross Profit		 0.49 0.81 0.86 0.45 0.80 0.20 0.22 -0.02 -1.38 -0.76 -3.76
Total Revenue		 0.89 1.79 1.57 1.30 2.42 0.83 1.32 1.18 0.42 0.51 1.62
Operating Revenue		 0.89 1.79 1.57 1.30 2.42 0.83 1.32 1.18 0.42 0.51 1.62
Total Cost of Revenue		 0.40 0.98 0.71 0.85 1.62 0.63 1.10 1.21 1.80 1.27 5.38
Operating Cost of Revenue		 0.40 0.98 0.71 0.85 1.62 0.63 1.10 1.21 1.80 1.27 5.38
Total Operating Expenses		 7.97 8.52 7.84 4.92 4.71 6.07 7.64 7.06 8.74 8.36 8.28
Other Operating Expenses / (Income)		 8.00 8.55 - 4.92 4.71 6.07 - 7.06 8.74 8.36 8.28
Total Other Income / (Expense), net		 0.27 -0.06 0.25 0.02 0.00 -0.85 -0.04 -0.31 -0.70 -2.25 -7.29
Interest Expense		 -0.27 -0.15 -0.04 -0.00 -0.00 0.83 -0.04 0.31 0.56 0.73 2.37
Other Income / (Expense), net		 0.00 -0.21 0.21 0.02 -0.00 -0.01 -0.07 0.00 -0.14 -1.52 -4.92
Basic Earnings per Share		 ($0.12) ($0.11) ($0.12) ($0.05) ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.09)
Weighted Average Basic Shares Outstanding		 58.78M 58.87M 59.03M 81.95M 108.40M 147.54M 126.91M 172.97M 183.56M 195.50M 194.35M
Diluted Earnings per Share		 ($0.12) ($0.11) ($0.12) ($0.05) ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.09)
Weighted Average Diluted Shares Outstanding		 58.78M 58.87M 59.03M 81.95M 108.40M 147.54M 126.91M 172.97M 183.56M 195.50M 194.35M
Weighted Average Basic & Diluted Shares Outstanding		 58.79M 59.46M 92.71M 97.94M 146.04M 170.05M 177.54M 183.01M 194.96M 228.02M 0.00

Annual Cash Flow Statements for Ocean Power Technologies

This table details how cash moves in and out of Ocean Power Technologies' 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 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Net Change in Cash & Equivalents		 -11 1.88 3.32 5.01 -6.23 73 -75 -1.26 -3.80 3.56 2.00
Net Cash From Operating Activities		 -11 -10 -11 -12 -11 -12 -21 -22 -30 -19 -21
Net Cash From Continuing Operating Activities		 -11 -10 -11 -12 -11 -12 -21 -22 -30 -19 -21
Net Income / (Loss) Continuing Operations		 -13 -9.49 -10 -12 -10 -15 -19 -26 -27 -24 -49
Consolidated Net Income / (Loss)		 -13 -9.49 -10 -12 -10 -15 -19 -26 -27 -24 -49
Depreciation Expense		 0.11 0.14 0.12 0.18 0.16 0.14 0.14 0.18 0.42 0.77 0.90
Amortization Expense		 - - - 0.00 0.20 0.23 0.43 0.45 0.45 0.99 1.67
Non-Cash Adjustments To Reconcile Net Income		 1.58 -0.74 0.36 0.21 0.56 2.65 -0.98 1.81 -0.09 7.28 27
Changes in Operating Assets and Liabilities, net		 0.46 0.05 -1.02 -0.29 -1.11 0.07 -2.01 2.18 -3.06 -3.20 -1.33
Net Cash From Investing Activities		 0.12 0.01 -0.66 -0.03 -0.07 0.07 -54 20 25 -0.51 -4.01
Net Cash From Continuing Investing Activities		 0.12 0.01 -0.66 -0.03 -0.07 0.07 -54 20 25 -0.51 -4.01
Purchase of Property, Plant & Equipment		 -0.02 -0.04 -0.66 -0.05 -0.07 -0.03 -0.15 -0.65 -2.59 -0.51 -4.01
Net Cash From Financing Activities		 0.22 12 15 17 4.45 84 0.09 -0.01 0.47 23 27
Net Cash From Continuing Financing Activities		 0.22 12 15 17 4.45 84 0.09 -0.01 0.47 23 27
Repayment of Debt		 -0.06 -0.08 -0.04 - 0.00 -0.47 - - - 0.00 -0.52
Issuance of Debt		 - - - 0.02 0.00 0.47 - - 0.00 3.17 27
Issuance of Common Equity		 0.29 12 15 17 4.47 81 - 0.00 0.48 20 7.59
Other Financing Activities, net		 - - 0.00 0.02 -0.02 3.65 0.09 - -0.01 -0.65 -6.78

Quarterly Cash Flow Statements for Ocean Power Technologies

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/31/2023 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
Net Change in Cash & Equivalents		 -0.57 1.36 -1.57 0.03 -1.09 7.93 -3.31 3.15 1.80 -4.60 1.66
Net Cash From Operating Activities		 -7.51 -9.22 -5.05 -6.12 -4.77 -3.74 -4.01 -5.61 -7.53 -6.79 -0.85
Net Cash From Continuing Operating Activities		 -7.51 -9.22 -5.05 -6.12 -4.77 -3.74 -4.01 -5.61 -7.53 -6.79 -0.85
Net Income / (Loss) Continuing Operations		 -7.21 -6.51 -6.72 -4.45 -3.91 -6.72 -6.43 -7.39 -11 -11 -19
Consolidated Net Income / (Loss)		 -7.21 -6.51 -6.72 -4.45 -3.91 -6.72 -6.43 -7.39 -11 -11 -19
Depreciation Expense		 0.10 0.11 0.13 0.20 0.25 0.15 0.16 0.19 0.20 0.23 0.26
Amortization Expense		 -0.20 -0.03 0.61 0.24 0.24 0.25 0.89 0.27 0.22 0.29 0.90
Non-Cash Adjustments To Reconcile Net Income		 0.23 0.79 -1.37 -0.20 0.61 1.41 1.00 2.79 2.87 4.11 17
Changes in Operating Assets and Liabilities, net		 -0.42 -3.58 2.29 -1.92 -1.96 1.17 0.37 -1.47 0.00 -0.06 0.20
Net Cash From Investing Activities		 6.90 11 3.03 -0.37 0.25 -0.22 -0.16 -1.45 -0.27 -0.04 -2.25
Net Cash From Continuing Investing Activities		 6.90 11 3.03 -0.37 0.25 -0.22 -0.16 -1.45 -0.27 -0.04 -2.25
Purchase of Property, Plant & Equipment		 -0.57 -0.53 -1.36 -0.37 0.25 -0.22 -0.16 -1.45 -0.27 -0.04 -2.25
Net Cash From Financing Activities		 0.03 -0.01 0.45 6.53 3.43 12 0.85 10 9.60 2.22 4.77
Net Cash From Continuing Financing Activities		 0.03 -0.01 0.45 6.53 3.43 12 0.85 10 9.60 2.22 4.77
Issuance of Debt		 - - - 0.00 - 3.17 0.00 9.87 6.98 0.80 8.86
Issuance of Common Equity		 0.03 - 0.45 6.53 3.43 9.37 0.85 0.34 2.62 2.23 2.41
Other Financing Activities, net		 - -0.01 -0.00 - - - - - - - -5.98

Annual Balance Sheets for Ocean Power Technologies

This table presents Ocean Power Technologies' 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 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Total Assets		 10 10 14 18 14 86 73 53 29 31 40
Total Current Assets		 9.76 9.75 13 18 12 84 59 38 11 14 16
Cash & Equivalents		 6.73 8.42 11 17 10 83 7.89 6.88 3.15 6.72 8.72
Restricted Cash		 0.30 0.33 0.57 0.34 0.71 0.38 0.26 0.07 - 0.00 0.15
Accounts Receivable		 0.04 0.34 0.24 0.06 0.11 0.35 0.48 0.75 0.80 1.19 0.59
Inventories, net		 - - - - - 0.00 0.44 1.04 4.83 4.22 3.19
Other Current Assets		 2.62 0.62 0.92 0.55 0.84 0.68 0.85 1.15 1.77 1.49 3.24
Plant, Property, & Equipment, net		 0.27 0.17 0.71 0.59 0.50 0.41 0.45 1.28 3.44 3.44 10
Total Noncurrent Assets		 0.32 0.16 0.15 0.16 1.39 1.53 14 14 15 14 14
Long-Term Investments		 - - - - - - - - - 0.15 0.00
Goodwill		 - - - - - 0.00 8.54 8.54 8.54 8.54 8.54
Intangible Assets		 - - - - 0.00 0.27 4.14 3.98 3.62 3.49 3.36
Other Noncurrent Operating Assets		 0.32 0.16 0.15 0.16 1.39 1.26 0.97 1.91 2.56 1.55 1.89
Total Liabilities & Shareholders' Equity		 10 10 14 18 14 86 73 53 29 31 40
Total Liabilities		 6.82 4.63 3.89 2.59 3.05 5.91 4.56 9.42 9.36 4.14 27
Total Current Liabilities		 6.17 4.60 3.74 2.44 1.90 4.69 2.98 7.91 7.36 3.29 26
Short-Term Debt		 0.08 0.04 0.02 - - 0.50 0.75 1.20 - 0.00 10
Accounts Payable		 0.37 0.59 0.29 0.31 0.22 0.69 0.91 0.95 3.37 0.57 4.37
Accrued Expenses		 2.68 3.06 2.26 1.94 1.35 1.88 0.88 2.35 1.79 1.27 4.23
Current Deferred Revenue		 0.04 0.60 0.02 - - - 0.13 1.38 0.30 0.00 6.03
Other Current Liabilities		 3.00 0.32 0.55 0.19 0.33 1.63 0.32 2.03 1.90 1.45 1.35
Total Noncurrent Liabilities		 0.66 0.02 0.14 0.15 1.14 1.22 1.58 1.51 2.00 0.85 1.04
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 0.00 0.20 0.20 0.20 0.20 0.20
Other Noncurrent Operating Liabilities		 - - - 0.00 1.14 0.82 1.38 1.31 1.80 0.65 0.84
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3.53 5.45 10 16 10 80 69 44 19 27 12
Total Preferred & Common Equity		 3.53 5.45 10 16 10 80 69 44 19 27 12
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3.53 5.45 10 16 10 80 69 44 19 27 12
Common Stock		 182 193 208 226 231 316 323 324 327 360 395
Retained Earnings		 -178 -187 -198 -210 -220 -235 -254 -280 -308 -332 -381
Treasury Stock		 -0.14 -0.26 -0.30 -0.30 -0.30 -0.34 -0.34 -0.36 -0.37 -1.02 -1.83
Accumulated Other Comprehensive Income / (Loss)		 -0.12 -0.16 -0.16 -0.17 -0.18 -0.17 -0.05 -0.05 -0.05 0.00 0.00

Quarterly Balance Sheets for Ocean Power Technologies

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

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 7/31/2024 10/31/2024 1/31/2025 7/31/2025 10/31/2025 1/31/2026
Total Assets		 46 40 35 29 27 34 37 39 41
Total Current Assets		 30 24 18 11 9.42 17 18 19 21
Cash & Equivalents		 3.86 3.29 4.72 3.18 2.09 10 9.86 12 7.06
Accounts Receivable		 0.73 0.52 0.63 0.96 1.79 1.63 2.21 1.10 6.13
Inventories, net		 1.73 2.55 3.46 5.68 4.77 3.95 4.87 4.69 5.24
Other Current Assets		 0.91 1.83 4.21 1.26 0.77 1.23 1.45 1.47 2.68
Plant, Property, & Equipment, net		 1.34 1.81 2.22 3.61 3.29 3.59 4.70 5.86 5.80
Total Noncurrent Assets		 14 14 15 14 14 14 14 15 14
Goodwill		 8.54 8.54 8.54 8.54 8.54 8.54 8.54 8.54 8.54
Intangible Assets		 3.94 3.90 3.66 3.59 3.56 3.52 3.46 3.42 3.39
Other Noncurrent Operating Assets		 1.77 1.55 2.61 2.35 2.14 1.93 1.54 2.57 2.31
Total Liabilities & Shareholders' Equity		 46 40 35 29 27 34 37 39 41
Total Liabilities		 7.12 7.97 9.30 6.87 4.83 5.50 12 17 21
Total Current Liabilities		 5.75 6.71 7.04 5.14 3.38 4.34 12 15 20
Short-Term Debt		 1.14 1.12 1.09 - - - 7.11 10 6.23
Accounts Payable		 1.30 1.75 1.47 1.74 0.35 0.64 1.28 1.44 1.54
Accrued Expenses		 1.56 2.09 2.99 1.58 1.43 2.24 1.29 1.32 3.05
Current Deferred Revenue		 1.21 1.16 0.87 0.45 0.12 0.00 0.14 0.14 5.37
Other Current Liabilities		 0.55 0.58 0.63 1.38 1.48 1.47 1.80 2.22 3.50
Total Noncurrent Liabilities		 1.37 1.26 2.27 1.73 1.45 1.15 0.81 1.66 1.35
Noncurrent Deferred & Payable Income Tax Liabilities		 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20
Other Noncurrent Operating Liabilities		 1.17 1.06 2.07 1.53 1.25 0.95 0.61 1.46 1.15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 39 32 25 22 22 29 24 22 20
Total Preferred & Common Equity		 39 32 25 22 22 29 24 22 20
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 39 32 25 22 22 29 24 22 20
Common Stock		 326 326 327 335 338 353 362 371 381
Retained Earnings		 -287 -294 -301 -312 -316 -323 -336 -347 -359
Treasury Stock		 -0.36 -0.36 -0.37 -0.37 -0.37 -1.02 -1.02 -1.02 -1.82
Accumulated Other Comprehensive Income / (Loss)		 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 0.00 0.00 0.00

Annual Metrics And Ratios for Ocean Power Technologies

This table displays calculated financial ratios and metrics derived from Ocean Power Technologies' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
DEI Shares Outstanding		 1,936,801.00 6,313,996.00 18,350,927.00 22,726,006.00 9,255,500.00 50,985,760.00 55,894,213.00 56,213,728.00 59,463,573.00 170,050,563.00 228,023,439.00
DEI Adjusted Shares Outstanding		 96,840.00 315,700.00 917,546.00 1,136,300.00 9,255,500.00 50,985,760.00 55,894,213.00 56,213,728.00 59,463,573.00 170,050,563.00 228,023,439.00
DEI Earnings Per Adjusted Shares Outstanding		 -135.57 -30.05 -11.07 -10.78 -1.12 -0.29 -0.34 -0.47 -0.46 -0.13 -0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -82.83% 19.57% -39.38% 23.68% 166.14% -28.30% 45.85% 55.32% 102.23% 6.08% -36.24%
EBITDA Growth		 -9.65% 31.27% -11.61% -15.21% 14.94% -31.74% -45.66% -33.03% -1.19% 29.72% -84.63%
EBIT Growth		 -3.04% 30.84% -11.27% -15.56% 13.40% -30.89% -45.87% -32.45% -1.98% 25.82% -81.89%
NOPAT Growth		 -4.00% 21.34% 1.09% -14.80% 14.36% -19.60% -58.57% -35.55% -0.39% 26.06% -76.90%
Net Income Growth		 1.06% 27.50% -7.03% -20.61% 15.47% -42.58% -27.87% -39.48% -4.39% 21.73% -99.93%
EPS Growth		 3.33% 69.24% -7.03% 28.10% 84.87% 0.00% 0.00% -34.29% 0.00% 63.83% -31.58%
Operating Cash Flow Growth		 36.36% 8.16% -6.56% -13.50% 12.86% -10.35% -82.42% -1.93% -37.11% 37.39% -11.49%
Free Cash Flow Firm Growth		 36.42% 11.65% -14.17% -3.86% 9.39% 14.40% -280.23% 35.54% -39.81% 28.07% -12.42%
Invested Capital Growth		 -38.28% 4.82% 43.91% 33.10% 82.42% -850.46% 687.04% -13.57% 55.45% 23.12% -29.08%
Revenue Q/Q Growth		 -35.54% 21.66% -5.19% -4.53% 27.14% 4.42% 9.60% 8.97% 11.98% -4.20% 8.76%
EBITDA Q/Q Growth		 -6.44% 12.29% -6.69% 5.64% 5.03% -27.58% -9.57% -15.11% 11.62% -4.88% -25.93%
EBIT Q/Q Growth		 -4.80% 12.08% -6.68% 5.55% 3.32% -26.87% -10.04% -14.23% 9.63% -4.52% -26.70%
NOPAT Q/Q Growth		 -3.36% 8.71% -3.42% 5.52% 3.31% -16.19% -9.23% -16.05% 9.62% -3.13% -13.70%
Net Income Q/Q Growth		 -5.61% 12.91% -7.11% 5.73% 11.05% -36.93% 0.25% -20.00% 9.30% 1.36% -35.86%
EPS Q/Q Growth		 -8.86% -18.62% -7.11% 26.71% 8.28% 0.00% -2.94% 0.00% 9.62% 32.00% -25.00%
Operating Cash Flow Q/Q Growth		 -4.11% 3.54% -0.31% 1.85% 3.13% -11.47% -12.46% -0.50% 1.87% 5.32% 13.18%
Free Cash Flow Firm Q/Q Growth		 -7.15% 0.46% 5.45% 1.33% -5.01% -6.81% -8.45% 1.77% 2.51% -14.63% 12.08%
Invested Capital Q/Q Growth		 -14.68% 8.42% -39.06% -9.44% 73.33% -13.36% 6.70% -18.79% -5.28% 5.57% -27.17%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 5.25% -11.27% -49.32% -106.17% -6.24% -88.97% -5.74% 8.64% 51.15% 28.32% -158.44%
EBITDA Margin		 -2,078.58% -1,194.78% -2,199.80% -2,049.21% -654.93% -1,203.32% -1,201.71% -1,029.28% -515.04% -341.20% -1,134.04%
Operating Margin		 -2,107.52% -1,386.36% -2,262.23% -2,099.84% -675.68% -1,127.03% -1,225.30% -1,069.40% -530.88% -370.01% -1,026.57%
EBIT Margin		 -2,094.47% -1,211.39% -2,223.68% -2,077.69% -676.04% -1,234.16% -1,234.28% -1,052.60% -530.81% -371.17% -1,202.68%
Profit (Net Income) Margin		 -1,855.89% -1,125.27% -1,986.89% -1,937.66% -615.46% -1,223.88% -1,073.00% -963.62% -497.43% -367.02% -1,308.94%
Tax Burden Percent		 88.66% 93.15% 90.04% 93.51% 92.04% 100.00% 91.19% 98.96% 95.64% 95.41% 100.00%
Interest Burden Percent		 99.95% 99.73% 99.23% 99.73% 98.91% 99.17% 95.33% 92.51% 97.99% 103.64% 108.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -301.77% -182.04% -154.32% -84.03% -158.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -296.34% -169.03% -116.42% 44.30% 671.46%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 276.49% 135.36% 67.48% -9.50% -91.19%
Return on Equity (ROE)		 -139.27% -211.39% -129.48% -94.16% -78.82% -32.45% -25.28% -46.68% -86.84% -93.53% -250.03%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -242.22% -167.49% -197.73% -104.76% -124.81%
Operating Return on Assets (OROA)		 -101.06% -100.00% -93.93% -80.84% -71.28% -29.79% -27.18% -45.37% -71.46% -73.13% -127.11%
Return on Assets (ROA)		 -89.55% -92.89% -83.93% -75.39% -64.89% -29.55% -23.63% -41.53% -66.97% -72.31% -138.34%
Return on Common Equity (ROCE)		 -142.44% -211.39% -129.48% -94.16% -78.82% -32.45% -25.28% -46.68% -86.84% -93.53% -250.03%
Return on Equity Simple (ROE_SIMPLE)		 -370.86% -174.15% -99.19% -77.63% -98.66% -18.34% -27.42% -59.90% -142.08% -80.71% 0.00%
Net Operating Profit after Tax (NOPAT)		 -10 -8.18 -8.09 -9.29 -7.96 -9.51 -15 -20 -21 -15 -27
NOPAT Margin		 -1,475.26% -970.45% -1,583.56% -1,469.89% -472.98% -788.92% -857.71% -748.58% -371.61% -259.00% -718.60%
Net Nonoperating Expense Percent (NNEP)		 -21.71% -16.64% -19.82% -20.33% -17.30% -11.25% -5.44% -13.01% -37.90% -128.34% -830.29%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -106.14% -56.96% -117.25%
Cost of Revenue to Revenue		 94.75% 111.27% 149.32% 206.17% 106.24% 188.97% 105.74% 91.36% 48.85% 71.68% 258.44%
SG&A Expenses to Revenue		 957.02% 778.53% 1,367.51% 1,205.06% 411.18% 0.00% 1,222.97% 1,037.34% 583.33% 398.33% 0.00%
R&D to Revenue		 1,000.14% 596.56% 845.40% 788.61% 258.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 2,112.77% 1,375.09% 2,212.92% 1,993.67% 669.44% 1,038.06% 1,219.56% 1,078.04% 585.83% 398.33% 868.13%
Earnings before Interest and Taxes (EBIT)		 -15 -10 -11 -13 -11 -15 -22 -29 -29 -22 -45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -15 -10 -11 -13 -11 -15 -21 -28 -28 -20 -42
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.04 1.66 1.97 0.20 0.39 1.59 0.86 0.65 0.59 2.60 6.60
Price to Tangible Book Value (P/TBV)		 1.04 1.66 1.97 0.20 0.39 1.60 1.06 0.91 1.60 4.74 141.55
Price to Revenue (P/Rev)		 5.19 10.71 39.50 5.00 2.46 106.11 33.68 10.45 2.08 11.83 22.05
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.51 3.14 5.98
Enterprise Value to Revenue (EV/Rev)		 0.00 0.36 15.88 0.00 0.00 37.69 1.40 0.00 1.51 10.68 22.46
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.01 0.00 0.00 0.00 0.01 0.01 0.03 0.00 0.00 0.84
Long-Term Debt to Equity		 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.32 -1.75 -1.33 -1.12 -1.06 -1.02 -0.93 -0.80 -0.58 -0.21 -0.14
Leverage Ratio		 1.56 2.28 1.54 1.25 1.21 1.10 1.07 1.12 1.30 1.29 1.81
Compound Leverage Factor		 1.55 2.27 1.53 1.25 1.20 1.09 1.02 1.04 1.27 1.34 1.97
Debt to Total Capital		 3.71% 1.05% 0.22% 0.00% 0.00% 1.10% 1.08% 2.66% 0.00% 0.00% 45.53%
Short-Term Debt to Total Capital		 2.21% 0.64% 0.22% 0.00% 0.00% 0.61% 1.08% 2.66% 0.00% 0.00% 45.53%
Long-Term Debt to Total Capital		 1.50% 0.42% 0.00% 0.00% 0.00% 0.49% 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		 96.29% 98.95% 99.78% 100.00% 100.00% 98.90% 98.93% 97.34% 100.00% 100.00% 54.47%
Debt to EBITDA		 -0.01 -0.01 0.00 0.00 0.00 -0.06 -0.04 -0.04 0.00 0.00 -0.25
Net Debt to EBITDA		 0.48 0.87 1.07 0.00 0.00 5.69 2.69 1.19 0.00 0.00 -0.04
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.03 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.01 -0.01 0.00 0.00 0.00 -0.09 -0.05 -0.06 0.00 0.00 -0.39
Net Debt to NOPAT		 0.67 1.07 1.49 0.00 0.00 8.67 3.76 1.64 0.00 0.00 -0.06
Long-Term Debt to NOPAT		 -0.01 0.00 0.00 0.00 0.00 -0.04 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -27.96 -27.52 -18.28 -16.59 -23.73 9.74 2.92 -6.59 -17.31 -6.66 -15.50
Noncontrolling Interest Sharing Ratio		 -2.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.58 2.12 3.54 7.21 6.13 17.99 19.91 4.76 1.43 4.14 0.60
Quick Ratio		 1.11 1.91 3.14 6.84 5.31 17.76 19.39 4.48 0.54 2.40 0.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -9.45 -8.35 -9.53 -9.90 -8.97 -7.68 -29 -19 -26 -19 -21
Operating Cash Flow to CapEx		 -45,541.67% -27,129.73% -1,625.53% -22,481.48% -16,275.38% -44,900.00% -14,686.90% -3,349.85% -1,151.37% -3,689.90% -518.34%
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 -23.92 -5.31
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -23.56 -5.23
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 -24.20 -6.24
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.08 0.04 0.04 0.11 0.02 0.02 0.04 0.13 0.20 0.11
Accounts Receivable Turnover		 6.35 4.43 1.74 4.14 20.02 5.30 4.23 4.45 7.17 5.90 4.20
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.36 0.92 0.93 2.61
Fixed Asset Turnover		 2.63 3.81 1.16 0.97 3.08 2.67 4.13 3.17 2.34 1.70 0.55
Accounts Payable Turnover		 1.84 1.96 1.74 4.33 6.72 5.03 2.34 2.69 1.25 2.14 3.91
Days Sales Outstanding (DSO)		 57.50 82.48 209.29 88.07 18.23 68.85 86.32 81.96 50.90 61.87 86.83
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 108.65 397.25 393.28 140.06
Days Payable Outstanding (DPO)		 198.30 186.59 209.53 84.32 54.33 72.63 156.20 135.78 291.97 170.90 93.23
Cash Conversion Cycle (CCC)		 -140.80 -104.10 -0.24 3.76 -36.10 -3.78 -69.88 54.84 156.18 284.25 133.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.44 -3.28 -1.84 -1.23 -0.22 -2.05 12 10 16 20 14
Invested Capital Turnover		 -0.24 -0.25 -0.20 -0.41 -2.33 -1.06 0.35 0.24 0.42 0.32 0.22
Increase / (Decrease) in Invested Capital		 -0.95 0.17 1.44 0.61 1.01 -1.84 14 -1.64 5.78 3.74 -5.75
Enterprise Value (EV)		 -3.31 0.31 8.11 -14 -6.58 45 2.47 -4.97 8.33 63 84
Market Capitalization		 3.66 9.03 20 3.16 4.13 128 59 29 11 69 82
Book Value per Share		 $1.82 $0.86 $0.56 $0.69 $1.13 $1.58 $1.23 $0.78 $0.33 $0.16 $0.05
Tangible Book Value per Share		 $1.82 $0.86 $0.56 $0.69 $1.13 $1.57 $1.00 $0.56 $0.12 $0.09 $0.00
Total Capital		 3.66 5.51 10 16 10 81 70 45 19 27 23
Total Debt		 0.14 0.06 0.02 0.00 0.00 0.89 0.75 1.20 0.00 0.00 10
Total Long-Term Debt		 0.06 0.02 0.00 0.00 0.00 0.40 0.00 0.00 0.00 0.00 0.00
Net Debt		 -6.97 -8.72 -12 -17 -11 -83 -57 -34 -3.15 -6.72 1.56
Capital Expenditures (CapEx)		 0.02 0.04 0.66 0.05 0.07 0.03 0.15 0.65 2.59 0.51 4.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3.43 -3.60 -2.56 -1.83 -0.96 -3.17 -0.45 -3.77 0.03 3.61 -8.96
Debt-free Net Working Capital (DFNWC)		 3.67 5.18 9.54 15 9.75 80 57 31 3.18 10 -0.09
Net Working Capital (NWC)		 3.59 5.14 9.51 15 9.75 80 56 30 3.18 10 -11
Net Nonoperating Expense (NNE)		 2.68 1.31 2.06 2.96 2.40 5.25 3.79 5.87 6.95 6.33 22
Net Nonoperating Obligations (NNO)		 -6.97 -8.72 -12 -17 -11 -83 -57 -34 -3.15 -6.72 1.56
Total Depreciation and Amortization (D&A)		 0.11 0.14 0.12 0.18 0.36 0.37 0.57 0.64 0.87 1.76 2.57
Debt-free, Cash-free Net Working Capital to Revenue		 -486.95% -427.28% -501.17% -289.40% -56.96% -263.02% -25.75% -137.99% 0.60% 61.63% -239.87%
Debt-free Net Working Capital to Revenue		 520.85% 614.23% 1,865.95% 2,401.11% 579.73% 6,653.40% 3,244.68% 1,133.53% 57.63% 176.20% -2.44%
Net Working Capital to Revenue		 509.36% 610.08% 1,861.45% 2,401.11% 579.73% 6,612.35% 3,202.16% 1,089.53% 57.63% 176.20% -281.48%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($145.00) ($44.60) ($13.20) ($9.52) ($1.44) ($0.49) ($0.35) ($0.47) ($0.47) ($0.17) ($0.25)
Adjusted Weighted Average Basic Shares Outstanding		 125.59K 628.66K 918.41K 5.77M 17.12M 52.46M 54.01M 56.00M 59.03M 126.91M 194.35M
Adjusted Diluted Earnings per Share		 ($145.00) ($44.60) ($13.20) ($9.52) ($1.44) ($0.49) $0.00 ($0.47) ($0.47) ($0.17) ($0.25)
Adjusted Weighted Average Diluted Shares Outstanding		 125.59K 628.66K 918.41K 5.77M 17.12M 52.46M 55.88M 56.00M 59.03M 126.91M 194.35M
Adjusted Basic & Diluted Earnings per Share		 ($145.00) ($44.60) ($13.20) ($9.52) ($1.44) ($0.49) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 90.51K 212.96K 767.33K 1.29M 7.21M 30.02M 55.88M 58.73M 92.71M 177.54M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -9.63 -8.18 -8.09 -9.29 -7.96 -9.51 -15 -20 -20 -15 -27
Normalized NOPAT Margin		 -1,366.34% -970.45% -1,583.56% -1,469.89% -472.98% -788.92% -860.10% -720.09% -369.87% -259.00% -718.60%
Pre Tax Income Margin		 -2,093.33% -1,208.07% -2,206.65% -2,072.15% -668.67% -1,223.88% -1,176.63% -973.79% -520.13% -384.66% -1,308.94%
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 -27.50 -11.32
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -19.19 -6.76
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -28.14 -12.33
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -19.83 -7.77
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		 -0.05% -1.32% -0.36% 0.00% 0.00% -0.24% -0.02% -0.05% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Ocean Power Technologies

This table displays calculated financial ratios and metrics derived from Ocean Power Technologies' official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/31/2023 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
DEI Shares Outstanding		 58,787,578.00 58,788,718.00 59,463,573.00 92,708,981.00 97,935,748.00 146,038,719.00 170,050,563.00 177,542,775.00 183,014,497.00 194,959,935.00 228,023,439.00
DEI Adjusted Shares Outstanding		 58,787,578.00 58,788,718.00 59,463,573.00 92,708,981.00 97,935,748.00 146,038,719.00 170,050,563.00 177,542,775.00 183,014,497.00 194,959,935.00 228,023,439.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.12 -0.11 -0.11 -0.05 -0.04 -0.05 -0.04 -0.04 -0.06 -0.06 -0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 193.40% 144.14% 60.24% 2.28% 171.99% -53.96% -16.22% -9.15% -82.46% - 22.86%
EBITDA Growth		 -24.50% -21.63% 40.50% 44.57% 54.89% 27.21% -11.08% -64.98% -187.78% - -57.51%
EBIT Growth		 -19.16% -19.96% 33.72% 39.60% 47.67% 25.60% -14.38% -58.84% -162.03% - -62.36%
NOPAT Growth		 -19.17% -9.18% 31.58% 39.37% 47.69% 23.75% -9.74% -58.24% -158.57% - -62.25%
Net Income Growth		 -48.91% -6.88% 29.54% 36.74% 45.75% -3.24% 4.42% -65.91% -176.64% - -106.14%
EPS Growth		 -33.33% 0.00% 29.41% 58.33% 66.67% 63.64% 66.67% 20.00% -50.00% - -50.00%
Operating Cash Flow Growth		 -27.01% -81.13% 10.07% 23.35% 36.50% 59.44% 20.70% 8.47% -58.02% - 78.76%
Free Cash Flow Firm Growth		 66.73% -49.28% -98.87% -45.92% -51.03% 38.91% 14.94% 21.68% 11.05% - 69.51%
Invested Capital Growth		 5.16% 33.27% 55.45% 47.31% 44.81% 10.47% 23.12% 12.07% 4.31% - -29.08%
Revenue Q/Q Growth		 -30.11% 101.57% -12.28% -17.24% 85.86% -65.88% 59.64% -10.25% -64.13% - 215.40%
EBITDA Q/Q Growth		 -4.75% -3.30% 25.89% 30.88% 14.76% -48.54% -13.09% -2.67% -48.69% - -56.31%
EBIT Q/Q Growth		 -1.42% -5.76% 17.21% 31.99% 12.12% -50.36% -27.28% 5.55% -44.97% - -59.45%
NOPAT Q/Q Growth		 -1.44% -2.95% 12.21% 33.87% 12.47% -50.06% -26.35% 4.65% -43.02% - -32.09%
Net Income Q/Q Growth		 -2.47% 9.76% -3.27% 33.75% 12.13% -71.74% 4.39% -14.99% -46.52% - -70.12%
EPS Q/Q Growth		 0.00% 8.33% -9.09% 58.33% 20.00% 0.00% 0.00% 0.00% -50.00% - -50.00%
Operating Cash Flow Q/Q Growth		 6.07% -22.80% 45.18% -21.22% 22.18% 21.57% -7.17% -39.92% -34.36% - 87.46%
Free Cash Flow Firm Q/Q Growth		 6.89% -63.26% -8.79% 11.77% 3.63% 33.96% -51.46% 18.75% -9.45% - 60.39%
Invested Capital Q/Q Growth		 6.51% 23.61% -5.28% 18.13% 4.70% -5.70% 5.57% 7.52% -2.55% - -27.17%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 54.89% 45.37% 54.83% 34.36% 32.88% 23.88% 16.78% -1.95% -325.47% - -232.57%
EBITDA Margin		 -852.87% -437.05% -369.21% -308.38% -141.44% -691.03% -489.52% -559.98% -2,321.23% - -976.89%
Operating Margin		 -841.84% -429.97% -430.28% -343.81% -161.91% -712.12% -563.63% -598.82% -2,387.50% - -744.38%
EBIT Margin		 -841.73% -441.63% -416.79% -342.51% -161.95% -713.70% -569.02% -598.82% -2,420.05% - -1,048.52%
Profit (Net Income) Margin		 -811.36% -363.23% -427.61% -342.28% -161.83% -814.55% -487.85% -625.04% -2,553.07% - -1,195.06%
Tax Burden Percent		 100.00% 83.85% 100.00% 100.00% 100.00% 100.00% 86.14% 100.00% 100.00% - 100.00%
Interest Burden Percent		 96.39% 98.09% 102.59% 99.93% 99.92% 114.13% 99.53% 104.38% 105.50% - 113.98%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 -169.31% -99.26% -125.07% -83.25% -47.42% -169.52% -128.00% -118.67% -306.17% - -115.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 -163.09% -94.64% -114.24% -74.06% -35.64% -140.86% -103.09% -36.67% -92.51% - 295.26%
Return on Net Nonoperating Assets (RNNOA)		 114.42% 58.43% 66.21% 34.99% 13.20% 47.30% 22.11% 4.68% 7.29% - -40.10%
Return on Equity (ROE)		 -54.89% -40.83% -58.86% -48.26% -34.22% -122.22% -105.89% -113.99% -298.88% - -155.27%
Cash Return on Invested Capital (CROIC)		 -170.06% -180.37% -197.73% -153.47% -131.12% -91.77% -104.76% -95.22% -108.57% - -124.81%
Operating Return on Assets (OROA)		 -62.59% -46.56% -56.11% -50.82% -34.46% -126.62% -112.11% -104.52% -273.76% - -110.82%
Return on Assets (ROA)		 -60.33% -38.29% -57.57% -50.79% -34.44% -144.51% -96.12% -109.09% -288.81% - -126.31%
Return on Common Equity (ROCE)		 -54.89% -40.83% -58.86% -48.26% -34.22% -122.22% -105.89% -113.99% -298.88% - -155.27%
Return on Equity Simple (ROE_SIMPLE)		 -94.41% -119.95% 0.00% 0.00% 0.00% -75.43% 0.00% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.24 -5.39 -4.73 -3.13 -2.74 -4.11 -5.20 -4.95 -7.09 -6.38 -8.43
NOPAT Margin		 -589.29% -300.98% -301.20% -240.67% -113.34% -498.48% -394.54% -419.17% -1,671.25% - -521.06%
Net Nonoperating Expense Percent (NNEP)		 -6.22% -4.62% -10.83% -9.19% -11.78% -28.67% -24.91% -82.00% -213.65% - -410.43%
Return On Investment Capital (ROIC_SIMPLE)		 -15.99% -20.47% -24.48% -14.03% -12.39% -14.22% -19.50% -15.83% -21.77% -24.25% -36.81%
Cost of Revenue to Revenue		 45.11% 54.63% 45.17% 65.64% 67.12% 76.12% 83.22% 101.95% 425.47% - 332.57%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 896.74% 475.33% 498.47% 378.17% 194.79% 736.00% 580.41% 596.87% 2,062.03% - 511.80%
Earnings before Interest and Taxes (EBIT)		 -7.48 -7.91 -6.55 -4.46 -3.92 -5.89 -7.49 -7.08 -10 -11 -17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.58 -7.83 -5.80 -4.01 -3.42 -5.49 -6.45 -6.62 -9.84 -10 -16
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.55 0.70 0.59 0.90 0.66 3.31 2.60 3.93 4.15 - 6.60
Price to Tangible Book Value (P/TBV)		 0.91 1.36 1.60 1.98 1.46 5.68 4.74 7.79 8.95 - 141.55
Price to Revenue (P/Rev)		 4.52 3.60 2.08 3.63 2.07 15.66 11.83 16.54 24.68 - 22.05
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.56 0.51 0.89 0.63 4.54 3.14 4.30 4.36 - 5.98
Enterprise Value to Revenue (EV/Rev)		 0.00 1.94 1.51 3.06 1.77 14.02 10.68 16.06 24.31 - 22.46
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.04 0.00 0.00 0.00 0.00 0.00 0.29 0.46 - 0.84
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
Financial Leverage		 -0.70 -0.62 -0.58 -0.47 -0.37 -0.34 -0.21 -0.13 -0.08 - -0.14
Leverage Ratio		 1.15 1.20 1.30 1.23 1.24 1.27 1.29 1.42 1.49 - 1.81
Compound Leverage Factor		 1.11 1.17 1.33 1.23 1.24 1.45 1.29 1.48 1.57 - 2.06
Debt to Total Capital		 3.41% 4.12% 0.00% 0.00% 0.00% 0.00% 0.00% 22.71% 31.49% - 45.53%
Short-Term Debt to Total Capital		 3.41% 4.12% 0.00% 0.00% 0.00% 0.00% 0.00% 22.71% 31.49% - 45.53%
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%
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		 96.59% 95.88% 100.00% 100.00% 100.00% 100.00% 100.00% 77.29% 68.51% - 54.47%
Debt to EBITDA		 -0.04 -0.03 0.00 0.00 0.00 0.00 0.00 -0.31 -0.35 - -0.25
Net Debt to EBITDA		 0.57 0.25 0.00 0.00 0.00 0.00 0.00 0.12 0.05 - -0.04
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
Debt to NOPAT		 -0.05 -0.05 0.00 0.00 0.00 0.00 0.00 -0.42 -0.48 - -0.39
Net Debt to NOPAT		 0.80 0.36 0.00 0.00 0.00 0.00 0.00 0.16 0.07 - -0.06
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
Altman Z-Score		 -9.09 -11.29 -14.69 -13.28 -14.54 -2.62 -5.13 -8.54 -9.76 - -13.18
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		 3.55 2.49 1.43 2.16 2.79 3.88 4.14 1.58 1.23 - 0.60
Quick Ratio		 2.87 1.38 0.54 0.81 1.15 2.68 2.40 1.04 0.83 - 0.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5.92 -9.66 -11 -9.27 -8.94 -5.90 -8.94 -7.26 -7.95 -6.76 -2.68
Operating Cash Flow to CapEx		 -1,328.32% -1,752.09% -371.20% -1,637.43% 0.00% -1,683.78% -2,584.52% -385.75% -2,831.20% - -37.76%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -7.09 0.00 -23.43 -14.10 - -1.13
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -4.49 0.00 -18.08 -13.35 - -0.36
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -4.76 0.00 -22.77 -13.82 - -1.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.11 0.13 0.15 0.21 0.18 0.20 0.17 0.11 - 0.11
Accounts Receivable Turnover		 7.03 7.41 7.17 6.56 6.16 5.44 5.90 3.62 2.60 - 4.20
Inventory Turnover		 1.52 1.27 0.92 0.79 1.14 1.03 0.93 0.86 1.00 - 2.61
Fixed Asset Turnover		 3.35 3.51 2.34 2.24 2.78 2.11 1.70 1.38 0.82 - 0.55
Accounts Payable Turnover		 2.32 3.02 1.25 1.94 3.96 3.63 2.14 3.01 5.30 - 3.91
Days Sales Outstanding (DSO)		 51.93 49.23 50.90 55.63 59.29 67.15 61.87 100.75 140.48 - 86.83
Days Inventory Outstanding (DIO)		 239.62 287.95 397.25 459.41 320.67 354.43 393.28 422.81 365.08 - 140.06
Days Payable Outstanding (DPO)		 157.09 120.98 291.97 188.33 92.21 100.60 170.90 121.24 68.91 - 93.23
Cash Conversion Cycle (CCC)		 134.47 216.20 156.18 326.72 287.74 320.97 284.25 402.33 436.65 - 133.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 14 17 16 19 20 19 20 21 21 19 14
Invested Capital Turnover		 0.29 0.33 0.42 0.35 0.42 0.34 0.32 0.28 0.18 - 0.22
Increase / (Decrease) in Invested Capital		 0.68 4.27 5.78 6.14 6.20 1.79 3.74 2.31 0.86 0.38 -5.75
Enterprise Value (EV)		 -0.30 9.59 8.33 17 13 86 63 92 91 - 84
Market Capitalization		 18 18 11 20 15 96 69 95 93 - 82
Book Value per Share		 $0.54 $0.43 $0.33 $0.24 $0.23 $0.20 $0.16 $0.14 $0.12 $0.10 $0.05
Tangible Book Value per Share		 $0.33 $0.22 $0.12 $0.11 $0.10 $0.12 $0.09 $0.07 $0.06 $0.04 $0.00
Total Capital		 33 26 19 22 22 29 27 31 33 26 23
Total Debt		 1.12 1.09 0.00 0.00 0.00 0.00 0.00 7.11 10 6.23 10
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		 -18 -8.17 -3.15 -3.18 -2.09 -10 -6.72 -2.75 -1.41 -0.82 1.56
Capital Expenditures (CapEx)		 0.57 0.53 1.36 0.37 -0.25 0.22 0.16 1.45 0.27 0.04 2.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.70 2.34 0.03 2.77 3.95 2.46 3.61 4.01 2.16 0.59 -8.96
Debt-free Net Working Capital (DFNWC)		 18 12 3.18 5.95 6.04 12 10 14 14 7.64 -0.09
Net Working Capital (NWC)		 17 11 3.18 5.95 6.04 12 10 6.76 3.57 1.41 -11
Net Nonoperating Expense (NNE)		 1.97 1.12 1.99 1.32 1.17 2.61 1.23 2.43 3.74 4.98 11
Net Nonoperating Obligations (NNO)		 -18 -8.17 -3.15 -3.18 -2.09 -10 -6.72 -2.75 -1.41 -0.82 1.56
Total Depreciation and Amortization (D&A)		 -0.10 0.08 0.75 0.44 0.50 0.40 1.05 0.46 0.42 0.53 1.16
Debt-free, Cash-free Net Working Capital to Revenue		 -18.01% 47.49% 0.60% 49.78% 55.75% 40.26% 61.63% 69.80% 57.58% - -239.87%
Debt-free Net Working Capital to Revenue		 470.59% 234.98% 57.63% 107.08% 85.29% 204.14% 176.20% 241.52% 368.65% - -2.44%
Net Working Capital to Revenue		 441.77% 212.99% 57.63% 107.08% 85.29% 204.14% 176.20% 117.75% 95.14% - -281.48%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.12) ($0.11) ($0.12) ($0.05) ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding		 58.78M 58.87M 59.03M 81.95M 108.40M 147.54M 126.91M 172.97M 183.56M 195.50M 194.35M
Adjusted Diluted Earnings per Share		 ($0.12) ($0.11) ($0.12) ($0.05) ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding		 58.78M 58.87M 59.03M 81.95M 108.40M 147.54M 126.91M 172.97M 183.56M 195.50M 194.35M
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		 58.79M 59.46M 92.71M 97.94M 146.04M 170.05M 177.54M 183.01M 194.96M 228.02M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -5.25 -5.42 -4.56 -3.13 -2.74 -4.11 -5.20 -4.95 -7.09 -6.38 -8.43
Normalized NOPAT Margin		 -591.10% -302.27% -289.80% -240.67% -113.34% -498.48% -394.54% -419.17% -1,671.25% - -521.06%
Pre Tax Income Margin		 -811.36% -433.20% -427.61% -342.28% -161.83% -814.55% -566.36% -625.04% -2,553.07% - -1,195.06%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -7.08 0.00 -22.83 -18.19 - -7.16
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -4.94 0.00 -15.98 -12.56 - -3.56
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -7.34 0.00 -27.52 -18.66 - -8.11
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -5.21 0.00 -20.67 -13.04 - -4.51
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% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Ocean Power Technologies (NASDAQ:OPTT) remains in a high-risk growth phase. Revenue improved sharply in the latest quarter, but the company continues to generate substantial net losses and negative operating cash flow. The financial statements also show increasing reliance on debt and equity financing to fund operations and capital spending.

  • Revenue rebounded in Q4 2026. Revenue increased to $1.62 million from $513,000 in Q3 2026, a sequential gain of approximately 215%. It was also higher than the $1.32 million reported in Q4 2025.
  • Operating cash flow improved substantially in Q4 2026. Cash used in operating activities fell to $851,000 from $6.79 million in Q3 and $7.53 million in Q2. This is a meaningful improvement, although the company still did not produce positive operating cash flow.
  • Q4 financing activity produced a cash increase. OPTT received $8.86 million from debt issuance and $2.41 million from common equity issuance, contributing to $4.77 million of net financing cash flow and a $1.66 million increase in cash during the quarter.
  • Current assets have grown from the prior year. Total current assets increased from $9.42 million in Q2 2025 to $21.11 million in Q3 2026. Accounts receivable and deferred revenue also rose, potentially reflecting a larger order pipeline, although the statements alone do not confirm the timing or quality of future sales.
  • Deferred revenue increased significantly. Current deferred revenue reached $5.37 million in Q3 2026, compared with $135,000 in Q2 2026 and zero in Q3 2025. This may represent customer payments received before revenue recognition, but it will need to convert into recognized revenue to benefit future results.
  • Capital investment is increasing. Capital expenditures were $2.25 million in Q4 2026, compared with only $35,000 in Q3 and $266,000 in Q2. Investment may support future production and growth, but it also raises cash requirements while the business remains unprofitable.
  • Losses remain severe and worsened in the latest quarter. Q4 2026 net loss was $19.34 million, compared with losses of $11.37 million in Q3, $10.82 million in Q2 and $7.39 million in Q1. The latest loss was driven by a $12.04 million operating loss, a $2.37 million interest expense and $4.92 million of other expense.
  • Gross margins remain deeply negative. Q4 2026 cost of revenue was $5.38 million against $1.62 million of revenue, producing a gross loss of $3.76 million. This compares with gross losses of $755,000 in Q3 and $1.38 million in Q2, indicating that the revenue increase has not yet translated into profitable sales.
  • OPTT continues to consume cash from operations. Operating cash flow was negative in every provided quarter from Q1 2024 through Q4 2026. The company used $20.8 million in operating cash during Q1-Q4 2026, underscoring the need for continued financing unless revenue and margins improve materially.
  • Leverage and dilution are increasing. Short-term debt rose to $6.23 million in Q3 2026 from $1.09 million in Q3 2024, while interest expense reached $2.37 million in Q4 2026. Weighted-average basic shares increased to 194.3 million in Q4 2026 from 59.0 million in Q4 2024, creating substantial dilution for existing shareholders.

The balance sheet provides limited near-term flexibility. At Q3 2026, OPTT had $7.06 million of cash against $19.70 million of current liabilities, producing a current ratio of roughly 1.1. Total equity had declined to $20.09 million from $38.56 million in Q1 2024, while retained earnings remained deeply negative at $358.67 million.

Overall, the latest revenue recovery and improved quarterly operating cash burn are encouraging, but they are outweighed by persistent gross losses, escalating net losses, rising financing needs and shareholder dilution. Investors should closely monitor whether deferred revenue converts into higher sales, whether gross margins turn positive and whether OPTT can reduce its dependence on new debt and equity financing.

08/31/26 09:07 AM ETAI Generated. May Contain Errors.

Ocean Power Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ocean Power Technologies' fiscal year ends in April. Their fiscal year 2026 ended on April 30, 2026.

Ocean Power Technologies' net income appears to be on an upward trend, with a most recent value of -$48.92 million in 2026, rising from -$13.08 million in 2016. The previous period was -$24.47 million in 2025. Check out Ocean Power Technologies' forecast to explore projected trends and price targets.

Ocean Power Technologies' total operating income in 2026 was -$38.36 million, based on the following breakdown:
  • Total Gross Profit: -$5.92 million
  • Total Operating Expenses: $32.44 million

Over the last 10 years, Ocean Power Technologies' total revenue changed from $705 thousand in 2016 to $3.74 million in 2026, a change of 430.1%.

Ocean Power Technologies' total liabilities were at $27.45 million at the end of 2026, a 562.8% increase from 2025, and a 302.3% increase since 2016.

In the past 10 years, Ocean Power Technologies' cash and equivalents has ranged from $3.15 million in 2024 to $83.03 million in 2021, and is currently $8.72 million as of their latest financial filing in 2026.

Over the last 10 years, Ocean Power Technologies' book value per share changed from 1.82 in 2016 to 0.05 in 2026, a change of -97.0%.


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Financial statements for NASDAQ:OPTT last updated on 8/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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