OPTT (OPTT) financial statements
OPTT reported revenue of $4M in fiscal 2026, up 18.0% a year over 9 years.
Net income was -$49M and the operating margin -1026.6%, against -1386.4% in 2017.
Free cash flow was -$25M.
The diluted share count rose 4463% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OPTT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $843,000 | $511,000 | $632,000 | $2M | $1M | $2M | $3M | $6M | $6M | $4M |
| Cost of revenue | $938,000 | $763,000 | $1M | $2M | $2M | $2M | $2M | $3M | $4M | $10M |
| Gross profit | -$95,000 | -$252,000 | -$671,000 | -$105,000 | -$1M | -$101,000 | $236,000 | $3M | $2M | -$6M |
| Research and development | $5M | $4M | $5M | $4M | $5M | — | $10M | $8M | $4M | — |
| Selling, general and admin | $7M | $7M | $8M | $7M | $8M | — | — | — | $3M | $4M |
| Operating income | -$12M | -$12M | -$13M | -$11M | -$14M | -$22M | -$29M | -$29M | -$22M | -$38M |
| Interest expense | — | — | — | — | — | — | — | — | — | $124,000 |
| Pre-tax income | -$10M | -$11M | -$13M | -$11M | -$15M | -$21M | -$27M | -$29M | -$26M | -$49M |
| Income tax | -$698,000 | -$1M | -$850,000 | -$895,000 | — | -$2M | -$278,000 | -$1M | -$1M | — |
| Net income | -$9M | -$10M | -$12M | -$10M | -$15M | -$19M | -$26M | -$27M | -$24M | -$49M |
| EPS (diluted) | -$66.90 | -$397.20 | -$285.60 | -$43.20 | -$14.70 | -$10.50 | -$14.10 | -$14.10 | -$5.70 | -$7.50 |
| Diluted shares | 0M | 0M | 0M | 0M | 1M | 1.80B | 2M | 2M | 4M | 6M |
| Gross margin | -11.3% | -49.3% | -106.2% | -6.2% | -89.0% | -5.7% | 8.6% | 51.1% | 28.3% | -158.4% |
| Operating margin | -1386.4% | -2262.2% | -2099.8% | -675.7% | -1127.0% | -1225.3% | -1069.4% | -530.9% | -370.0% | -1026.6% |
| Net margin | -1125.3% | -1987.7% | -1937.7% | -615.5% | -1223.9% | -1073.0% | -963.6% | -497.4% | -417.4% | -1308.9% |
Balance sheet
Fiscal years, from OPTT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $12M | $17M | $10M | $83M | $57M | $7M | $3M | $7M | $9M |
| Receivables | $48,000 | $171,000 | $63,000 | $105,000 | $350,000 | $482,000 | $745,000 | $796,000 | $1M | $587,000 |
| Inventory | — | — | — | — | — | $442,000 | $1M | $5M | $4M | $3M |
| Total current assets | $10M | $13M | $18M | $12M | $84M | $59M | $38M | $11M | $14M | $16M |
| Property, plant and equipment | $170,000 | $712,000 | $592,000 | $499,000 | $406,000 | $445,000 | $1M | $3M | $3M | $10M |
| Goodwill | — | — | — | — | — | $9M | $9M | $9M | $9M | $9M |
| Total assets | $10M | $14M | $18M | $14M | $86M | $73M | $53M | $29M | $31M | $40M |
| Total current liabilities | $5M | $4M | $2M | $2M | $5M | $3M | $8M | $7M | $3M | $26M |
| Long-term debt | $23,000 | — | — | — | $396,000 | — | — | — | — | — |
| Total liabilities | $5M | $4M | $3M | $3M | $6M | $5M | $9M | $9M | $4M | $27M |
| Shareholders' equity | $5M | $10M | $16M | $10M | $80M | $69M | $44M | $19M | $27M | $12M |
| Net debt | -$8M | -$11M | -$17M | -$10M | -$82M | -$8M | -$7M | -$3M | -$7M | -$9M |
Cash flow
Fiscal years, from OPTT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | -$11M | -$12M | -$11M | -$12M | -$21M | -$22M | -$30M | -$19M | -$21M |
| Capital spending | — | — | $54,000 | $65,000 | $26,000 | $145,000 | $648,000 | $3M | $505,000 | $4M |
| Free cash flow | — | — | -$12M | -$11M | -$12M | -$21M | -$22M | -$32M | -$19M | -$25M |
| Stock-based compensation | $1M | $329,000 | $295,000 | $340,000 | $721,000 | $1M | $1M | $1M | $5M | $9M |
| Share buybacks (net) | -$125,000 | -$37,000 | -$1,000 | -$1,000 | -$36,000 | -$3,000 | -$14,000 | -$14,000 | — | — |
| Net borrowing | -$50,000 | — | — | — | -$467,000 | — | — | — | — | — |
| Free cash flow margin | — | — | -1929.4% | -632.8% | -970.1% | -1218.9% | -818.3% | -585.5% | -326.5% | -663.2% |
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Open OPTT in InvestinglyQuestions
What was OPTT's revenue in 2026?
$4M in fiscal 2026, from its 10-K filing.
How much free cash flow does OPTT generate?
-$25M in fiscal 2026 (operating cash flow minus capital spending).
From OPTT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.