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Stocks · Utilities · Electric Services

Ocean Power Technologies, Inc.

OPTT Clue Score26
United States Fiscal year ends April CIK 0001378140
$0.85 -5.83% Close, 9 Oct 2026
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Price $0.85 −57.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue0.8Operating income−11.7Net income−9.5Fiscal year 2018Revenue0.5 −39.4%Operating income−11.6Net income−10.2Fiscal year 2019Revenue0.6 +23.7%Operating income−13.3Net income−12.2Fiscal year 2020Revenue1.7 +166.1%Operating income−11.4Net income−10.4Fiscal year 2021Revenue1.2 −28.3%Operating income−13.6Net income−14.8Fiscal year 2022Revenue1.8 +45.9%Operating income−21.6Net income−18.9EPS, diluted−0.35Fiscal year 2023Revenue2.7 +55.3%Operating income−29.2Net income−26.3EPS, diluted−0.47Fiscal year 2024Revenue5.5 +102.2%Operating income−29.3Net income−27.5EPS, diluted−0.47Fiscal year 2025Revenue5.9 +6.1%Operating income−21.7Net income−24.5EPS, diluted−0.19Fiscal year 2026Revenue0.7 −88.1%Operating income−38.4Net income−48.9EPS, diluted−0.25
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 0.8 0.5 0.6 1.7 1.2 1.8 2.7 5.5 5.9 0.7
Growth −39.4% +23.7% +166.1% −28.3% +45.9% +55.3% +102.2% +6.1% −88.1%
Operating income −11.7 −11.6 −13.3 −11.4 −13.6 −21.6 −29.2 −29.3 −21.7 −38.4
Net income −9.5 −10.2 −12.2 −10.4 −14.8 −18.9 −26.3 −27.5 −24.5 −48.9
Growth
EPS, diluted n/a n/a n/a n/a n/a −0.35 −0.47 −0.47 −0.19 −0.25

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin−11.3%Operating margin−1,386.4%Net margin−1,125.3%Fiscal year 2018Gross margin−49.3%Operating margin−2,262.2%Net margin−1,987.7%Fiscal year 2019Gross margin−106.2%Operating margin−2,099.8%Net margin−1,937.7%Free cash flow margin−1,929.4%Fiscal year 2020Gross margin−6.2%Operating margin−675.7%Net margin−615.5%Free cash flow margin−632.8%Fiscal year 2021Gross margin−89.0%Operating margin−1,127.0%Net margin−1,223.9%Free cash flow margin−970.1%Fiscal year 2022Gross margin−5.7%Operating margin−1,225.3%Net margin−1,073.0%Free cash flow margin−1,218.9%Fiscal year 2023Gross margin8.6%Operating margin−1,069.4%Net margin−963.6%Free cash flow margin−818.3%Fiscal year 2024Gross margin51.1%Operating margin−530.9%Net margin−497.4%Free cash flow margin−585.5%Fiscal year 2025Gross margin28.3%Operating margin−370.0%Net margin−417.4%Free cash flow margin−326.5%Fiscal year 2026Gross margin−845.9%Operating margin−5,480.4%Net margin−6,987.9%Free cash flow margin−3,540.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin −11.3% −49.3% −106.2% −6.2% −89.0% −5.7% 8.6% 51.1% 28.3% −845.9%
Operating margin −1,386.4% −2,262.2% −2,099.8% −675.7% −1,127.0% −1,225.3% −1,069.4% −530.9% −370.0% −5,480.4%
Net margin −1,125.3% −1,987.7% −1,937.7% −615.5% −1,223.9% −1,073.0% −963.6% −497.4% −417.4% −6,987.9%
Free cash flow margin n/a n/a −1,929.4% −632.8% −970.1% −1,218.9% −818.3% −585.5% −326.5% −3,540.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−10.0Buybacks−0.1Fiscal year 2018Operating cash flow−10.7Buybacks−0.0Fiscal year 2019Operating cash flow−12.1Capital expenditure−0.1Free cash flow−12.2Buybacks−0.0Fiscal year 2020Operating cash flow−10.6Capital expenditure−0.1Free cash flow−10.6Buybacks−0.0Fiscal year 2021Operating cash flow−11.7Capital expenditure−0.0Free cash flow−11.7Buybacks−0.0Fiscal year 2022Operating cash flow−21.3Capital expenditure−0.1Free cash flow−21.4Buybacks−0.0Fiscal year 2023Operating cash flow−21.7Capital expenditure−0.6Free cash flow−22.4Buybacks−0.0Fiscal year 2024Operating cash flow−29.8Capital expenditure−2.6Free cash flow−32.3Buybacks−0.0Fiscal year 2025Operating cash flow−18.6Capital expenditure−0.5Free cash flow−19.1Fiscal year 2026Operating cash flow−20.8Capital expenditure−4.0Free cash flow−24.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −10.0 −10.7 −12.1 −10.6 −11.7 −21.3 −21.7 −29.8 −18.6 −20.8
Capital expenditure n/a n/a −0.1 −0.1 −0.0 −0.1 −0.6 −2.6 −0.5 −4.0
Free cash flow n/a n/a −12.2 −10.6 −11.7 −21.4 −22.4 −32.3 −19.1 −24.8
Growth
Buybacks −0.1 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash8.4Shareholders’ equity5.4Fiscal year 2018Cash11.5Shareholders’ equity10.2Fiscal year 2019Cash16.7Shareholders’ equity15.8Fiscal year 2020Cash10.0Shareholders’ equity10.5Fiscal year 2021Cash83.0Total debt0.9Net cash (debt)82.1Shareholders’ equity80.5Debt to equity0.01Fiscal year 2022Cash7.9Shareholders’ equity68.8Fiscal year 2023Cash6.9Shareholders’ equity44.0Fiscal year 2024Cash3.2Shareholders’ equity19.3Fiscal year 2025Cash6.7Shareholders’ equity26.7Fiscal year 2026Cash8.7Total debt12.0Net cash (debt)−3.3Shareholders’ equity12.5Debt to equity0.96
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 8.4 11.5 16.7 10.0 83.0 7.9 6.9 3.2 6.7 8.7
Total debt n/a n/a n/a n/a 0.9 n/a n/a n/a n/a 12.0
Net cash (debt) n/a n/a n/a n/a 82.1 n/a n/a n/a n/a −3.3
Shareholders’ equity 5.4 10.2 15.8 10.5 80.5 68.8 44.0 19.3 26.7 12.5
Debt to equity n/a n/a n/a n/a 0.01 n/a n/a n/a n/a 0.96

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending April, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Apr 2017 FY2018 30 Apr 2018 FY2019 30 Apr 2019 FY2020 30 Apr 2020 FY2021 30 Apr 2021 FY2022 30 Apr 2022 FY2023 30 Apr 2023 FY2024 30 Apr 2024 FY2025 30 Apr 2025 FY2026 30 Apr 2026
Margins
−11.3% −49.3% −106.2% −6.2% −89.0% −5.7% 8.6% 51.1% 28.3% −845.9%
−1,386.4% −2,262.2% −2,099.8% −675.7% −1,127.0% −1,225.3% −1,069.4% −530.9% −370.0% −5,480.4%
−1,208.1% −2,206.7% −2,072.2% −668.7% −1,223.9% −1,176.6% −973.8% −520.1% −435.1% −6,987.9%
−1,125.3% −1,987.7% −1,937.7% −615.5% −1,223.9% −1,073.0% −963.6% −497.4% −417.4% −6,987.9%
n/a n/a −1,929.4% −632.8% −970.1% −1,218.9% −818.3% −585.5% −326.5% −3,540.4%
Spending
n/a n/a n/a n/a n/a n/a 366.0% 139.4% 61.4% n/a
778.5% 1,367.5% 1,205.1% 411.2% 644.4% n/a n/a n/a 49.3% 509.7%
n/a n/a 8.5% 3.9% 2.2% 8.2% 23.7% 46.8% 8.6% 572.6%
Returns
−174.2% −99.2% −77.6% −98.7% −18.3% −27.4% −59.9% −142.1% −91.8% −392.1%
−94.2% −71.9% −66.7% −76.5% −17.1% −25.7% −49.3% −95.7% −79.5% −122.5%
Balance and payout
n/a n/a n/a n/a 0.01 n/a n/a n/a n/a 0.96
45.9% 27.5% 14.1% 22.5% 6.8% 6.2% 17.7% 32.6% 13.4% 68.7%