Coda Octopus (CODA) financial statements
Coda Octopus reported revenue of $27M in fiscal 2025, up 2.6% a year over 9 years.
Net income was $4M and the operating margin 17.1%, against 26.2% in 2016.
Free cash flow was $6M.
The diluted share count rose 33% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Coda Octopus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21M | $18M | $18M | $25M | $20M | $21M | $22M | $19M | $20M | $27M |
| Cost of revenue | $8M | $6M | $5M | $9M | $7M | $7M | $7M | $6M | $6M | $9M |
| Gross profit | $13M | $12M | $13M | $16M | $13M | $15M | $15M | $13M | $14M | $18M |
| Research and development | $1M | $1M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M |
| Selling, general and admin | $6M | $7M | $7M | $7M | $7M | $8M | $8M | $8M | $8M | $11M |
| Operating income | $6M | $4M | $3M | $6M | $3M | $4M | $5M | $3M | $4M | $5M |
| Interest expense | -$856,432 | -$597,011 | — | — | — | — | $9,704 | — | — | — |
| Pre-tax income | $5M | $3M | $3M | $6M | $3M | $5M | $5M | $3M | $5M | $6M |
| Income tax | $76,245 | -$2,621 | $2M | -$1M | $58,222 | $305,479 | $831,114 | $297,079 | $965,292 | $1M |
| Net income | $5M | $3M | $5M | $5M | $3M | $5M | $4M | $3M | $4M | $4M |
| EPS (diluted) | $0.58 | $0.36 | $0.49 | $0.49 | $0.30 | $0.44 | $0.38 | $0.28 | $0.32 | $0.37 |
| Diluted shares | 8M | 9M | 10M | 11M | 11M | 11M | 11M | 11M | 11M | 11M |
| Gross margin | 59.9% | 66.4% | 70.3% | 65.6% | 63.5% | 69.2% | 68.3% | 67.3% | 69.8% | 66.5% |
| Operating margin | 26.2% | 21.2% | 18.4% | 25.0% | 14.0% | 18.0% | 22.5% | 14.2% | 17.6% | 17.1% |
| Net margin | 23.3% | 18.5% | 27.7% | 20.9% | 16.7% | 23.2% | 19.4% | 16.1% | 17.9% | 15.5% |
Balance sheet
Fiscal years, from Coda Octopus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $7M | $8M | $12M | $15M | $18M | $23M | $24M | $22M | $29M |
| Receivables | $3M | $1M | $3M | $4M | $2M | $4M | $3M | $3M | $3M | $4M |
| Inventory | $3M | $4M | $4M | $5M | $9M | $11M | $10M | $12M | $14M | $14M |
| Total current assets | $15M | $15M | $18M | $24M | $28M | $36M | $37M | $41M | $43M | $50M |
| Property, plant and equipment | $4M | $5M | $5M | $6M | $6M | $6M | $6M | $7M | $7M | $7M |
| Goodwill | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $4M |
| Total assets | $23M | $24M | $29M | $35M | $38M | $45M | $47M | $52M | $58M | $64M |
| Total current liabilities | $4M | $4M | $3M | $3M | $3M | $4M | $3M | $3M | $4M | $6M |
| Total liabilities | $13M | $10M | $4M | $4M | $4M | $4M | $4M | $3M | $4M | $6M |
| Shareholders' equity | $10M | $14M | $24M | $31M | $34M | $41M | $43M | $48M | $53M | $58M |
| Net debt | -$6M | -$7M | -$8M | -$12M | -$15M | -$18M | -$23M | -$24M | -$22M | -$29M |
Cash flow
Fiscal years, from Coda Octopus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $5M | $2M | $6M | $4M | $3M | $7M | $2M | $2M | $7M |
| Capital spending | $614,220 | $3M | $565,290 | $2M | $835,132 | $850,894 | $466,471 | $2M | $502,525 | $1M |
| Free cash flow | $4M | $2M | $2M | $4M | $4M | $2M | $6M | $367,928 | $2M | $6M |
| Stock-based compensation | $119,730 | $134,238 | $448,499 | $650,409 | $610,780 | $1M | $1M | $645,196 | $137,676 | $224,786 |
| Net borrowing | -$2M | -$746,571 | -$6M | -$964,665 | -$486,466 | -$509,549 | -$63,559 | — | — | — |
| Free cash flow margin | 17.9% | 12.6% | 10.4% | 16.5% | 18.0% | 11.3% | 28.2% | 1.9% | 9.6% | 22.7% |
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Open CODA in InvestinglyQuestions
What was Coda Octopus's revenue in 2025?
$27M in fiscal 2025, from its 10-K filing.
How much free cash flow does Coda Octopus generate?
$6M in fiscal 2025 (operating cash flow minus capital spending).
From Coda Octopus's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.