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MARKETS / NYSE / OPTT
NYSE · ELECTRIC SERVICES · SMALL CAP

Ocean Power Technologies, Inc. OPTT

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.7M
▼ 36.2% YoY
$-48.9M
$-24.8M
In brief

What this company does

We design, manufacture, deploy, and operate these systems for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. Our headquarters and assembly operations are located in New Jersey, and we maintain an additional manufacturing and robotics development facility in Richmond, CA. We were incorporated under the laws of the State of New Jersey in April 1984 and began commercial operations in 1994. On April 23, 2007, we reincorporated in Delaware. Our MDAS provides a customizable, integrated surveillance solution designed for persistent, roaming, and real-time ocean monitoring.

Written from the business description in Ocean Power Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 August 2026. Every sentence was checked against that document before publication.

Growth
USD 3.7M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 3.7 · Net income -48.9
2.5M5.0M-20.0M-40.0M201020122014201620182020202220242025
Compound annual growth
+11.0%
+25.4%
+18.1%
−3.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1309 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1026.6% · Net -1308.5%
-1000%-2000%201020122014201620182020202220242025
ROE
FY2025 · ROE -250.0%
-100%-200%201020122014201620182020202220242025
Gross margin-158.4%
Operating margin-1026.6%
Net margin-1308.5%
Return on assets-138.3%
EBITDAUSD -37.5M

Each USD of equity lost 250 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -24.8
-20M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks -0.5
-8M-16M20102012201420162018202020222023

Total assetsUSD 39.9M
EquityUSD 12.5M
CashUSD 8.7M
Gross debtUSD 12.0M
Net debtUSD 3.3M
Current ratio0.60×

Net debt stands at 26% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B·−0.0−0.0−0.0−0.0·−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0········
EPS, diluted $−0.25−0.19−0.47−0.47−0.35−0.49−1.44−9.52−13.24−2.23−7.25−7.50−0.91−1.42−1.47−1.99
Dividend / sh $················
Payout %················
ROE %−250.0−106.4−86.8−46.7−25.3−32.5−78.8−94.2−129.5−211.4−136.6−59.4−46.9−58.2−38.5−44.0
Shares out B0.230.170.060.060.060.050.01·········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric Services
Listed onNYSE
Incorporated inNew Jersey
Fiscal year endsApril 30
SEC categorysmaller reporting company
Data on record since2010

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