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Other financials

Income statement

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Revenue$1.6M+22.9%
Gross profit-$3.8M-1,803%
Operating income-$12.0M-62.3%
EPS (diluted)-$0.09-50.0%

Balance sheet

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Cash & equivalents$8.9M+29.2%
Total debt$20.3M+1,027%
Total equity$12.5M-53.2%
Total assets$39.9M+29.6%

Cash flow

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Operating cash flow-$851.0K+78.8%
CapEx$2.3M+1,354%
Free cash flow-$3.1M+25.4%

Valuation

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Market cap$48.98M-50.2%
Enterprise value$60.38M-32.8%
P/S13.1×-4.0×

Profitability

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Gross margin-158.4%-187pp
Operating margin-1,026.6%-2,353pp
Net margin-1,309%-2,462pp
FCF margin-663.2%-22,386pp

Returns & leverage

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Return on equity-250%-964pp
Debt / equity1.6×+1.6×
Current ratio0.6×-3.5×

Where this comes from

Reported directly by Ocean Power Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Ocean Power Technologies, Inc.’s 10-K, filed August 19, 2026.

Filed
Aug 19, 2026, 5:29 PM EDT
Fiscal year
FY2027
Accession
0001493152-26-039261
Line item2026 / Fiscal year ended April 30,2025 / Fiscal year ended April 30,
Change in fair value of financial instrument(5,690)(2,956)
Loss on extinguishment of debt(1,186)(838)
Foreign exchange loss(13)(45)
Loss before income taxes$(48,915)$(25,500)
Income tax benefit1,034
Net loss$(48,915)$(24,466)
Basic and diluted net loss per share$(0.25)$(0.19)
Weighted average shares used to compute basic and diluted net loss per share194,349,416126,913,998

Item 15. Exhibits, Financial Statement Schedules ITEM

FAQ

What is Ocean Power Technologies, Inc.'s net income?
Ocean Power Technologies, Inc. (OPTT) reported net income of -$19.34M in Q1 2026.
How has Ocean Power Technologies, Inc.'s net income changed year-over-year?
Ocean Power Technologies, Inc.'s net income decreased by 106.1% year-over-year, from -$9.38M to -$19.34M.
What is the long-term trend for Ocean Power Technologies, Inc.'s net income?
Over 4 years (2022 to 2026), Ocean Power Technologies, Inc.'s net income has grown at a 26.9% compound annual growth rate (CAGR), from -$18.87M to -$48.92M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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