What does gain (loss) on extinguishment of debt mean?

Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

Ocean Power Technologies OPTT Gain (loss) on extinguishment of debt

Discontinued — last reported Q3 '25

Gain (loss) on extinguishment of debt at other companies

Orion Group HoldingsORN

-$944.25K—

Claritev CorporationCTEV

$0+100%

Lands' End, Inc.LE

-$9.17M—

Axos FinancialAX

$0—

Lightpath TechnologiesLPTH

$0+100%

Hovnanian Enterprises, Inc.HOV

$0-100%

Segments

By segment

See full

Single Operating-$838K—

Other financials

Income statement

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Revenue$513.0K-37.8%

Gross profit-$755.0K-483%

Operating income-$9.1M-55.2%

Net income-$11.4M-69.1%

EPS (diluted)-$0.06-50.0%

Balance sheet

See full

Cash & equivalents$7.2M-29.2%

Total debt$2.3M+12.4%

Total equity$20.1M-30.5%

Total assets$41.1M+19.6%

Cash flow

See full

Operating cash flow-$6.8M-81.6%

CapEx$35.0K-84.2%

Free cash flow-$6.8M-72.3%

Valuation

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Market cap$66.85M-27.1%

Enterprise value$61.96M-28.5%

P/S19.5×+3.8×

Profitability

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Gross margin-56.4%-94.0pp

Operating margin-982.3%-2,128pp

Net margin-1,048.2%-2,164pp

FCF margin-752.2%-5,743pp

Returns & leverage

See full

Return on equity-147%+694pp

Debt / equity0.1×0.0×

Current ratio1.1×-2.8×

Where this comes from

Reported directly by Ocean Power Technologies in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: Ocean Power Technologies’s 10-Q, filed March 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ocean Power Technologies's gain (loss) on extinguishment of debt?: Ocean Power Technologies (OPTT) reported gain (loss) on extinguishment of debt of -$838K in Q4 2024.
What does gain (loss) on extinguishment of debt mean?: Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.