Saturday 17 October 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. In the quarter to July 2026, revenue grew 44.1%, EPS was flat, free cash flow fell 46.8% and total debt rose 13.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

0.61 0.08 −11.59%

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Market cap: $6.3M
P/E: 0.0×
Fwd P/E: −3.2×
Dividend yield: —
F-score: 2/9
Altman Z: −16.70
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	3	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 6.25

Revenue 4.26

Net Income (52.06)

Free Cash Flow (28.09)

Net Debt 0.56

Current Ratio 0.52

Debt/Equity 0.95

P/E ratio 0.00

Fwd P/E (3.24)

P/S ratio 0.04

P/B ratio 0.02

Past 5Y EPS Growth —

This Y EPS Growth 47.73%

Next Y EPS Growth 39.13%

Next Y revenue growth 286.94%

Next 5Y EPS Growth 43.35%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 3.54%

10-year low 10-year high

P/B against its own 10 years 23.04%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack
2016	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	3	7	9	8
Receivables	1	1	1	1
Inventory	5	4	3	5
Other	2	1	3	2
	11	14	16	15

	2024	2025	2026	Q'26
Payables	3	1	4	7
ST’ Debt	—	—	10	8
Other	0	—	6	9
	7	3	26	30

Compound Annual Growth %

	10y	5y	3y
Sales	18.15%	25.38%	11.01%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	13.46%	(31.12%)	(34.28%)

Revenue $m

	Jul	Oct	Jan	Apr	Year
’26	2	—	—	—	—
’26	1	0	1	2	4
’25	1	2	1	1	6
’24	1	1	2	2	6
’23	1	0	1	1	3
’22	0	0	0	1	2
’21	0	0	0	1	1

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	(10)	—	—	—	—
’26	(6)	(8)	(7)	(1)	(21)
’25	(6)	(5)	(4)	(4)	(19)
’24	(8)	(8)	(9)	(5)	(30)
’23	(5)	(6)	(5)	(6)	(22)
’22	(5)	(5)	(5)	(6)	(21)
’21	(3)	(3)	(3)	(3)	(12)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	(10)	—	—	—	—
’26	(7)	(8)	(7)	(3)	(25)
’25	(6)	(5)	(4)	(4)	(19)
’24	(8)	(8)	(10)	(6)	(32)
’23	(5)	(6)	(5)	(6)	(22)
’22	(5)	(5)	(6)	(5)	(21)
’21	(3)	(3)	(3)	(3)	(12)

Fiscal quarters ending in the months shown.

EPS $

	Jul	Oct	Jan	Apr	Year
’26	(38.42)	—	—	—	—
’26	(38.48)	(1.80)	(1.80)	(1.80)	(6.61)
’25	(1.50)	(1.20)	(1.20)	(1.71)	(5.11)
’24	(3.60)	(3.60)	(3.30)	(3.60)	(14.11)
’23	(3.00)	(2.70)	(3.30)	(5.11)	(14.11)
’22	(1.80)	(3.00)	(3.00)	(2.70)	(10.51)
’21	(6.61)	(4.50)	(2.70)	(3.00)	(14.71)

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	20.40	5.60	0.74	0.33	1.48	0.44	0.25	0.12	0.29	0.10	Analyst estimates 2027–2029 Powerpack
	High	73.40	30.40	16.20	4.46	7.30	1.89	0.77	1.37	1.75	3.23
People
People	Employees	30	35	39	36	46	54	72	43	53	65
	Revenue/emp, $m	0.03	0.01	0.02	0.05	0.03	0.03	0.04	0.13	0.11	0.06
Income, $m
Income, $m	Revenue	1	1	1	2	1	2	3	6	6	4
	Gross margin, %	(11.27)	(49.32)	(106.17)	(6.24)	(88.97)	(5.74)	8.64	51.15	28.32	(158.44)
	EBT	(10)	(11)	(13)	(11)	(15)	(21)	(27)	(29)	(25)	(49)
	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)
	Net income	(9)	(10)	(12)	(10)	(15)	(19)	(26)	(27)	(24)	(49)
	Depreciation	0	0	0	0	0	1	1	1	2	3
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
	Earnings	(1,339.34)	(396.40)	(285.89)	(43.24)	(14.71)	(10.51)	(14.11)	(14.11)	(5.11)	(6.61)
	Cash flow	(1,413.80)	(417.81)	(282.98)	(44.06)	(11.68)	(11.84)	(11.64)	(15.14)	(4.41)	(3.21)
	Capex	(5.21)	(25.70)	(1.26)	(0.27)	(0.03)	(0.08)	(0.35)	(1.31)	(0.12)	(0.62)
	Free cash flow	(1,419.01)	(443.52)	(284.24)	(44.33)	(11.70)	(11.92)	(11.99)	(16.46)	(4.53)	(3.83)
	Book value	767.18	399.84	367.72	43.70	80.50	38.27	23.57	9.84	6.31	1.93
	Shares, m	0	0	0	0	1	2	2	2	4	6
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.25	0.74	0.19	0.06	2.08	1.16	0.35	0.07	0.30	0.62
	P/B	0.04	0.06	0.01	0.01	0.03	0.03	0.02	0.02	0.07	0.19
	EV/Sales	(10.10)	(15.12)	(26.71)	(6.13)	(66.35)	(31.34)	(12.16)	(0.39)	(0.74)	1.05
	EV/FCF	0.85	1.01	1.38	0.97	6.83	2.57	1.49	0.07	0.23	(0.16)
Cash, $m
Cash, $m	Operating cash flow	(10)	(11)	(12)	(11)	(12)	(21)	(22)	(30)	(19)	(21)
	Capex	0	(1)	0	0	0	0	(1)	(3)	(1)	(4)
	Free cash flow	(10)	(11)	(12)	(11)	(12)	(21)	(22)	(32)	(19)	(25)
Balance, $m
Balance, $m	Working capital	5	10	15	10	80	56	30	3	10	(11)
	Total debt	0	0	—	0	1	0	1	—	—	10
	Net debt	(9)	(12)	(17)	(10)	(83)	(57)	(34)	(3)	(7)	2
	Shareholders’ equity	5	10	16	10	80	69	44	19	27	12
Returns, %
Returns, %	ROA	(92.89)	(83.96)	(75.39)	(64.89)	(29.55)	(23.63)	(41.53)	(66.97)	(82.24)	(138.34)
	ROIC	0.00	0.00	0.00	(9,106.57)	0.00	(115.90)	(187.40)	(113.21)	(67.98)	(170.89)
	ROE	(211.39)	(129.53)	(94.16)	(78.82)	(32.45)	(25.28)	(46.68)	(86.84)	(106.38)	(250.03)

Negative figures in brackets.

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

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 Camber Energy, Inc.	$16.8M	— (loss-making)	— (loss-making)	−6.90% (below 0%: shrinking)	n/m	+82.10% (above 0%: growing)	25.37%	0.00%	Compare
SPPL SIMPPLE LTD.	$16.7M	—	—	—	—	+67.86% (above 0%: growing)	—	—	Compare
CETY Clean Energy Technologies, Inc.	$11.7M	— (loss-making)	—	+57.38% (above 0%: growing)	n/m	−8.31% (below 0%: shrinking)	4.73%	(203.31%)	Compare
BURU Nuburu, Inc.	$9.1M	0.0×	—	+461.39% (above 0%: growing)	n/m	−191.32% (below 0%: shrinking)	(72.13%)	(1,109.03%)	Compare
XCH XCHG Limited	$7.6M	—	—	—	n/m	—	46.15%	(10.26%)	Compare
JCSE JE Cleantech Holdings Limited	$7.4M	36.5×	—	−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.	$6.3M	— (loss-making)	— (loss-making)	+44.08% (above 0%: growing)	n/m	−46.84% (below 0%: shrinking)	(166.24%)	(885.32%)
INLF INLIF Limited	$2.9M	—	—	—	—	−269.78% (below 0%: shrinking)	—	—	Compare
Median of peers	$8.3M	—	—	+28.02%	—	+29.78%	21.73%	(10.26%)

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