OPTTNYSEElectric ServicesFiscal year ends April 30
Ocean Power Technologies, Inc.
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 14, 2026
$0.58−0.03 (-5.65%)
Close on Oct 19, 2026
- Market cap
- $4.74M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
-158.4%−69.5 pts over 5 years
Operating margin
-1026.6%+100.5 pts over 5 years
Net margin
-1308.9%−85.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -36.2% | +11.0% | +25.4% | +18.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -211.4% | -32.5% | -250.0% | |
| Return on assets | -92.9% | -29.5% | -138.3% | |
| Current ratio | 2.12 | 17.99 | 0.60 | |
| Debt to equity | 0.01 | 0.01 | – | |
| Net debt to EBITDA | 0.77× | 6.11× | – | |
| Inventory turnover | – | – | 2.6× | |
| Capex to revenue | – | 2.2% | 107.3% | |
| Diluted shares | 0M | 1M | 6M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Ocean Power Technologies generated $112.18M from operations and spent $7.92M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$112.18M
Used
$7.92M
Capital expenditure$7.89M100%Dividends$00%Share buybacks$31.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1308.9%
×Asset turnover0.11×
×Equity multiplier1.81×
=Return on equity, FY2026-250.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -1308.9% | 0.11× | 1.81× | -250.0% |
| FY2025 | -417.4% | 0.20× | 1.29× | -106.4% |
| FY2024 | -497.4% | 0.13× | 1.30× | -86.8% |
| FY2023 | -963.6% | 0.04× | 1.12× | -46.7% |
| FY2022 | -1073.0% | 0.02× | 1.07× | -25.3% |
| FY2021 | -1223.9% | 0.02× | 1.10× | -32.5% |
| FY2020 | -615.5% | 0.11× | 1.21× | -78.8% |
| FY2019 | -2041.0% | 0.04× | 1.25× | -94.2% |
| FY2018 | -1987.7% | 0.04× | 1.54× | -129.5% |
| FY2017 | -1125.3% | 0.08× | 2.28× | -211.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
1of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$48.92M
- Cash generatingOperating cash flow above zero-$20.78M
- Return on assets improvedROA up on the prior year-85.2% → -158.9%
- Earnings backed by cashOperating cash flow above net income-$20.78M vs -$48.92M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.14 → 0.60
- No dilutionShare count did not rise4M → 6M
- Gross margin improvedGross margin up on the prior year28.32% → -158.44%
- More efficientAsset turnover rose0.20 → 0.12