stockrow
Friday 6 November 2026
Export OPTT’s income statement to Excel — free account
Ocean Power Technologies, Inc.
OPTT Industrials Specialty Industrial Machinery
Ocean Power Technologies, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $3.7 million, down 36.2% from fiscal 2025.
- Revenue
- +44.1%
- EPS
- 0.00%
- Free cash flow
- −46.8%
- Total debt
- +13.5%
Quarter to July 2026, against a year earlier
0.42
0.04
+10.53%
Follow OPTT
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 6 | 6 | 4 | 4 | +18.0% | 14 | 33 | 58 | +149.2% | |
| Gross margin, % | (11.27) | (49.32) | (106.17) | (6.24) | (88.97) | (5.74) | 8.64 | 51.15 | 28.32 | (158.44) | (205.00) | (147.2) pt | ||||||
| EBT | (10) | (11) | (13) | (11) | (15) | (21) | (27) | (29) | (25) | (49) | (52) | +19.0% | ||||||
| EBT margin, % | (1,208.07) | (2,206.65) | (2,072.15) | (668.67) | (1,223.88) | (1,176.63) | (973.79) | (520.13) | (435.08) | (1,308.94) | (1,222.73) | (100.9) pt | ||||||
| Net income | (9) | (10) | (12) | (10) | (15) | (19) | (26) | (27) | (24) | (49) | (52) | +20.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 118.73 | 19.96 | 14.73 | 7.01 | 1.21 | 0.98 | 1.47 | 2.81 | 1.39 | 0.58 | 0.52 | (44.7%) | |||||
| Earnings | (1,339.34) | (396.40) | (285.89) | (43.24) | (14.71) | (10.51) | (14.11) | (14.11) | (5.78) | (7.55) | (7.46) | (43.8%) | ||||||
| Cash flow | (1,413.80) | (417.81) | (282.98) | (44.06) | (11.68) | (11.84) | (11.64) | (15.14) | (4.40) | (3.21) | (3.08) | (49.2%) | ||||||
| Capex | (5.21) | (25.70) | (1.26) | (0.27) | (0.03) | (0.08) | (0.35) | (1.31) | (0.12) | (0.62) | (0.33) | (21.1%) | ||||||
| Free cash flow | (1,419.01) | (443.52) | (284.24) | (44.33) | (11.70) | (11.92) | (11.99) | (16.46) | (4.52) | (3.83) | (3.41) | (48.2%) | ||||||
| Book value | 767.18 | 399.84 | 367.72 | 43.70 | 80.50 | 38.27 | 23.57 | 9.84 | 6.30 | 1.93 | 1.03 | (48.6%) | ||||||
| Shares, m | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 4 | 6 | 7 | +113.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 0.25 | 0.74 | 5.66 | 1.91 | 62.42 | 34.66 | 10.46 | 2.06 | 8.82 | 21.79 | 0.81 | 14.9 | ||||||
| P/B | 0.04 | 0.06 | 0.23 | 0.31 | 0.94 | 0.89 | 0.65 | 0.59 | 1.94 | 6.53 | 0.41 | 1.2 | ||||||
| EV/Sales | (10.10) | (15.12) | (21.24) | (4.28) | (6.01) | 2.16 | (2.05) | 1.60 | 7.78 | 22.22 | 0.95 | (2.5) | ||||||
| EV/FCF | 0.85 | 1.01 | 1.10 | 0.68 | 0.62 | (0.18) | 0.25 | (0.27) | (2.38) | (3.35) | (0.14) | (0.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (10) | (11) | (12) | (11) | (12) | (21) | (22) | (30) | (19) | (21) | (25) | +8.4% | |||||
| Capex | 0 | (1) | 0 | 0 | 0 | 0 | (1) | (3) | (1) | (4) | (3) | +68.3% | ||||||
| Free cash flow | (10) | (11) | (12) | (11) | (12) | (21) | (22) | (32) | (19) | (25) | (28) | +10.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 5 | 10 | 15 | 10 | 80 | 56 | 30 | 3 | 10 | (11) | (14) | n/m | |||||
| Net debt | (9) | (12) | (17) | (10) | (83) | (57) | (34) | (3) | (7) | 2 | 1 | n/m | ||||||
| Shareholders’ equity | 5 | 10 | 16 | 10 | 80 | 69 | 44 | 19 | 27 | 12 | 8 | +9.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (92.89) | (83.96) | (75.39) | (64.89) | (29.55) | (23.63) | (41.53) | (66.97) | (82.24) | (138.34) | (138.24) | (45.4) pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | (9,106.57) | 0.00 | (115.90) | (187.40) | (113.21) | (67.98) | (170.89) | (321.57) | (170.9) pt | ||||||
| ROE | (211.39) | (129.53) | (94.16) | (78.82) | (32.45) | (25.28) | (46.68) | (86.84) | (106.38) | (250.03) | (318.99) | (38.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 30 | 35 | 39 | 36 | 46 | 54 | 72 | 43 | 53 | 65 | — | +9.0% | |||||
| Revenue/emp, $m | 0.03 | 0.01 | 0.02 | 0.05 | 0.03 | 0.03 | 0.04 | 0.13 | 0.11 | 0.06 | — | +8.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Apr 2026 · latest quarter Jul 2026 · fundamentals updated 26 Oct 2026
Ocean Power Technologies, Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VGTK Viking Global Technologies Inc. | $16.8M | — (loss-making) | — (loss-making) | −6.90% (below 0%: shrinking) | n/m | +82.10% (above 0%: growing) | 25.37% | 0.00% | Compare |
| HUHU HUHUTECH International Group Inc. | $13.0M | — | — | — | — | — | — | — | Compare |
| CETY Clean Energy Technologies, Inc. | $10.5M | — (loss-making) | — | +57.38% (above 0%: growing) | n/m | −8.31% (below 0%: shrinking) | 4.73% | (203.31%) | Compare |
| JCSE JE Cleantech Holdings Limited | $8.6M | 38.0× | — | −1.34% (below 0%: shrinking) | −66.67% (below 0%: shrinking) | +714.03% (above 0%: growing) | 21.73% | 0.00% | Compare |
| WFF WF Holding Limited | $6.7M | — | — | — | — | — | — | — | Compare |
| OPTT Ocean Power Technologies, Inc. | $3.4M | — (loss-making) | — (loss-making) | +44.08% (above 0%: growing) | n/m | −46.84% (below 0%: shrinking) | (166.24%) | (885.32%) | |
| BURU Nuburu, Inc. | $2.7M | — (loss-making) | — | +461.39% (above 0%: growing) | n/m | −191.32% (below 0%: shrinking) | (72.13%) | (1,109.03%) | Compare |
| LBGJ Li Bang International Corporation Inc. | $1.2M | — | — | — | — | −670.82% (below 0%: shrinking) | — | — | Compare |
| NMHI Nature's Miracle Holding Inc. | $1.1M | — (loss-making) | — | −96.24% (below 0%: shrinking) | n/m | −338.51% (below 0%: shrinking) | 6.97% | (2,615.14%) | Compare |
| Median of peers | $7.6M | — | — | −1.34% | — | −99.81% | 6.97% | (203.31%) |
Pay and ownership Proxy statement filed 29 October 2026
Ownership
Directors and executive officers, together
less than 1%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement