Ocean Power Technologies, Inc. income statement OPTT

Annual Quarterly

In fiscal 2026, which ended Apr 30, 2026, Ocean Power Technologies, Inc. reported revenue of $700,000, down 88.1% from the year before. It recorded a net loss of $48.9 million. The operating loss came to $38.4 million, an operating margin of -5480.4%. Diluted earnings per share were -$0.25. Over the twelve months ended Jul 31, 2026, revenue was $182,000 and the net loss was $52.1 million. Across the 10 fiscal years shown, revenue shrank from $843,000 in fiscal 2017 to $700,000 in fiscal 2026, about 2.0% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2027 Jul 31, 2026	FY 2026 Apr 30, 2026	FY 2025 Apr 30, 2025	FY 2024 Apr 30, 2024	FY 2023 Apr 30, 2023	FY 2022 Apr 30, 2022	FY 2021 Apr 30, 2021	FY 2020 Apr 30, 2020	FY 2019 Apr 30, 2019	FY 2018 Apr 30, 2018	FY 2017 Apr 30, 2017
Revenue	-0 -103.2%	1 -88.1%	6 +6.1%	6 +102.2%	3 +55.3%	2 +45.9%	1 -28.3%	2 +166.1%	1 +23.7%	1 -39.4%	1 +19.6%
Cost of revenue	13 +185.3%	10 +129.9%	4 +55.7%	3 +8.1%	2 +34.2%	2 -18.4%	2 +27.5%	2 +37.1%	1 +70.8%	1 -18.7%	1 +40.4%
Gross profit	-9 -833.5%	-6 -456.7%	2 -41.3%	3 +1097.5%	0 +333.7%	-0 +90.6%	-1 -921.9%	-0 +84.4%	-1 -166.3%	-0 -165.3%	-0 -356.8%
Research and development	—	—	4 -53.2%	8	—	—	—	—	—	—	—
Selling, general and administrative	—	4	—	—	—	—	8 +12.4%	7 -9.2%	8 +9.0%	7 +6.5%	7 -2.7%
Other operating income (expense)	—	-1	—	—	—	—	—	—	—	—	—
Operating income	-46 -90.9%	-38 -76.9%	-22 +26.1%	-29 -0.4%	-29 -35.6%	-22 -58.6%	-14 -19.6%	-11 +14.4%	-13 -14.8%	-12 +1.1%	-12 +21.3%
Pretax income	-52 -83.1%	-49 -91.8%	-26 +11.3%	-29 -8.0%	-27 -28.5%	-21 -40.2%	-15 -31.2%	-11 +14.1%	-13 -16.1%	-11 -10.7%	-10 +31.0%
Income tax	—	—	-1 +17.5%	-1 -351.1%	-0 +84.8%	-2 -103.7%	—	-1 -5.3%	-1 +24.0%	-1 -60.3%	-1 +58.3%
Net income	-52 -90.0%	-49 -99.9%	-24 +11.0%	-27 -4.4%	-26 -39.5%	-19 -27.9%	-15 -42.6%	-10 +15.5%	-12 -20.6%	-10 -7.1%	-9 +27.7%
Basic EPS	-0.27 -5.1%	-0.25 -31.6%	-0.19 +59.6%	-0.47 +0.0%	-0.47 -34.3%	-0.35	—	—	—	—	—
Diluted EPS	-0.27 -5.1%	-0.25 -31.6%	-0.19 +59.6%	-0.47 +0.0%	-0.47	—	—	—	—	—	—
Weighted average shares, basic	195 +80.7%	194 +53.1%	127 +115.0%	59 +5.4%	56 -99.9%	54,010	—	—	—	—	—
Weighted average shares, diluted	195 +80.7%	194 +53.1%	127 +115.0%	59 +5.4%	56	—	—	—	—	—	—
Other measures
Depreciation and amortization	—	1	—	0 +129.5%	0 +27.1%	0 +0.7%	0 -9.5%	0 -12.2%	0 +47.5%	0 -12.9%	0 +25.0%
EBITDA	—	-37	—	-29 +0.4%	-29 -35.6%	-21 -59.2%	-13 -20.0%	-11 +14.4%	-13 -14.5%	-11 +0.9%	-12 +21.7%
Interest coverage	—	-309.38x	—	—	—	—	—	—	—	—	—
Margins
Gross margin	4,796.15%	-845.86%	28.32%	51.15%	8.64%	-5.74%	-88.97%	-6.24%	-106.17%	-49.32%	-11.27%
Operating margin	25,473.63%	-5,480.43%	-370.01%	-530.88%	-1,069.40%	-1,225.30%	-1,127.03%	-675.68%	-2,099.84%	-2,262.23%	-1,386.36%
Pretax margin	28,606.59%	-6,987.86%	-435.08%	-520.13%	-973.79%	-1,176.63%	-1,223.88%	-668.67%	-2,072.15%	-2,206.65%	-1,208.07%
Profit margin	28,606.59%	-6,987.86%	-417.44%	-497.43%	-963.62%	-1,073.00%	-1,223.88%	-615.46%	-1,937.66%	-1,987.67%	-1,125.27%
EBITDA margin	—	-5,333.57%	—	-523.28%	-1,062.70%	-1,217.11%	-1,115.17%	-666.29%	-2,071.36%	-2,238.36%	-1,369.75%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Electric Services (SIC 4911)
Listed as: OPTT (NYSE)
Fiscal year ends: April 30
Incorporated in: NJ
Headquarters: Monroe Township, NJ
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1378140

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.