Ocean Power Technologies, Inc.
Financial highlights
| Metric | FY 04/30/25 | FY 04/30/24 | FY 04/30/23 | FY 04/30/22 | FY 04/30/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $5.9M | $5.5M | $2.7M | $1.8M | $1.2M |
| Cost of revenue | $4.2M | $2.7M | $2.5M | $1.9M | $2.3M |
| Gross profit | $1.7M | $2.8M | $236,000 | -$101,000 | -$1.1M |
| Selling, general & administrative | — | — | — | — | $7.8M |
| Research and development | $3.6M | $7.7M | $10.0M | — | $4.7M |
| Operating expenses | $23.3M | $32.2M | $29.5M | $21.5M | $12.5M |
| Operating income | -$21.7M | -$29.3M | -$29.2M | -$21.6M | -$13.6M |
| Pretax income | -$22.5M | -$28.7M | -$26.6M | -$20.7M | -$14.8M |
| Income tax expense | -$1.0M | -$1.3M | -$278,000 | -$1.8M | — |
| Net income | -$21.5M | -$27.5M | -$26.3M | -$18.9M | -$14.8M |
| Balance Sheet | |||||
| Cash and equivalents | $6.7M | $3.2M | $6.9M | $7.9M | $83.0M |
| Current assets | $13.6M | $10.5M | $37.7M | $59.3M | $84.4M |
| Total assets | $30.8M | $28.7M | $53.4M | $73.4M | $86.4M |
| Current liabilities | $3.3M | $7.4M | $7.9M | $3.0M | $4.7M |
| Total liabilities | $4.1M | $9.4M | $9.4M | $4.6M | $5.9M |
| Stockholders' equity | $26.7M | $19.3M | $44.0M | $68.8M | $80.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.6M | -$29.8M | -$21.7M | -$21.3M | -$11.7M |
| Depreciation and amortization | $771,000 | $420,000 | $183,000 | $144,000 | $143,000 |
| Stock-based compensation | $4.6M | $1.2M | $1.5M | $1.2M | $721,000 |
| Capital expenditure | $505,000 | $2.6M | $648,000 | $145,000 | $26,000 |
| Free cash flow | -$19.1M | -$32.3M | -$22.4M | -$21.4M | -$11.7M |
| Share repurchases | — | $14,000 | $14,000 | $3,000 | $36,000 |
| Impairments | — | $0 | $0 | $0 | — |
Shares outstanding 228.0M · Free float 96.4%
Annual filing data through FY ended April 30, 2025; float as of July 13, 2026.