What is Coda Octopus Group, Inc.'s net debt?

Coda Octopus Group, Inc. (CODA) reported net debt of -$30.24M in Q1 2026.

How has Coda Octopus Group, Inc.'s net debt changed year-over-year?

Coda Octopus Group, Inc.'s net debt decreased by 25.8% year-over-year, from -$24.04M to -$30.24M.

What is the long-term trend for Coda Octopus Group, Inc.'s net debt?

Over 2 years (2020 to 2025), Coda Octopus Group, Inc.'s net debt has grown at a 41.9% compound annual growth rate (CAGR), from -$14.05M to -$28.29M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Coda Octopus Group, Inc. CODA Net debt

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$6.9M-1.6%

Gross profit$4.6M+1.8%

Operating income$1.8M+64.8%

Net income$1.7M+86.8%

EPS (diluted)$0.15+87.5%

Balance sheet

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Cash & equivalents$30.6M+25.2%

Total debt$384.6K-8.8%

Total equity$61.4M+9.9%

Total assets$67.3M+11.1%

Cash flow

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Operating cash flow$570.4K-61.0%

CapEx$121.3K+77.7%

Free cash flow$449.1K-67.8%

Valuation

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Market cap$110.21M+20.0%

Enterprise value$79.97M+17.9%

P/E22.3×-4.5×

P/S3.9×-0.1×

Profitability

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Gross margin66.8%-0.3pp

Operating margin20%+4.9pp

Net margin17.7%+2.6pp

FCF margin21.4%-2.3pp

Returns & leverage

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Return on equity8.4%+2.0pp

Debt / equity0×0.0×

Current ratio10.2×-0.8×

Where this comes from

Calculated from Coda Octopus Group, Inc.’s reported figures.

$384.6Ktotal debt−$30.6Mcash and equivalents=-$30.24M

The official record: Coda Octopus Group, Inc.’s 10-Q, filed June 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coda Octopus Group, Inc.'s net debt?: Coda Octopus Group, Inc. (CODA) reported net debt of -$30.24M in Q1 2026.
How has Coda Octopus Group, Inc.'s net debt changed year-over-year?: Coda Octopus Group, Inc.'s net debt decreased by 25.8% year-over-year, from -$24.04M to -$30.24M.
What is the long-term trend for Coda Octopus Group, Inc.'s net debt?: Over 2 years (2020 to 2025), Coda Octopus Group, Inc.'s net debt has grown at a 41.9% compound annual growth rate (CAGR), from -$14.05M to -$28.29M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.