OPTT · XBRL financial data

Ocean Power Technologies financial statements, every fiscal year

The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (OPTT's year ends in late April)

In millions of dollars	FY 2021Apr 30, 2021	FY 2022Apr 30, 2022	FY 2023Apr 30, 2023	FY 2024Apr 30, 2024	FY 2025Apr 30, 2025	FY 2026Apr 30, 2026
Revenue	—	2	3	6	6	4
Revenue from contracts with customers	1	2	—	—	—	1
Cost of revenue	2	2	2	3	4	10
Gross profit	(1)	(0)	0	3	2	(6)
Research and development	—	—	10	8	4	—
Selling, general and administrative	8	—	—	—	—	—
General and administrative	—	—	—	—	3	4
Total operating expenses	13	22	29	32	23	32
Other operating income (expense)	—	—	—	—	(0)	(1)
Operating income (loss)	(14)	(22)	(29)	(29)	(22)	(38)
Interest expense	—	—	—	—	—	0
Other income (expense)	(0)	—	—	—	—	—
Income tax expense (benefit)	—	(2)	(0)	(1)	(1)	—
Net income (loss)	(15)	(19)	(26)	(27)	(22)	(49)
Earnings per share, basic USD per share	(0.49)	(0.35)	(0.47)	(0.47)	(0.17)	(0.25)
Earnings per share, diluted USD per share	—	(0.35)	(0.47)	(0.47)	(0.17)	(0.25)
Weighted average shares, basic millions of shares	30,019	54,010	55,999	59	127	194
Weighted average shares, diluted millions of shares	—	54,010	55,999	59	127	194

Fiscal years (OPTT's year ends in late April)

In millions of dollars	FY 2021Apr 30, 2021	FY 2022Apr 30, 2022	FY 2023Apr 30, 2023	FY 2024Apr 30, 2024	FY 2025Apr 30, 2025	FY 2026Apr 30, 2026
Cash and cash equivalents	83	8	7	3	7	9
Short-term investments	—	49	28	—	—	—
Marketable securities	—	49	—	—	—	—
Accounts receivable	0	0	1	1	1	1
Inventory	—	0	1	5	4	3
Total current assets	84	59	38	11	14	16
Property and equipment, net	0	0	1	3	3	10
Right-of-use asset	1	1	2	2	2	2
Goodwill	—	9	9	9	9	9
Total assets	86	73	53	29	31	40
Accounts payable	1	1	1	3	1	4
Accrued liabilities	2	1	2	2	1	4
Current portion of long-term debt	0	—	—	—	—	—
Total current liabilities	5	3	8	7	3	26
Long-term debt	0	—	—	—	—	—
Lease liability, non-current	1	1	1	2	1	1
Total liabilities	6	5	9	9	4	27
Accumulated deficit	(235)	(254)	(280)	(308)	(329)	(381)
Total stockholders' equity	80	69	44	19	27	12
Total liabilities and equity	86	73	53	29	31	40
Common shares outstanding (cover page) millions of shares	52	56	59	93	178	270

Fiscal years (OPTT's year ends in late April)

In millions of dollars	FY 2021Apr 30, 2021	FY 2022Apr 30, 2022	FY 2023Apr 30, 2023	FY 2024Apr 30, 2024	FY 2025Apr 30, 2025	FY 2026Apr 30, 2026
Net income (loss)	(15)	(19)	(26)	(27)	(22)	(49)
Stock-based compensation	1	1	1	1	5	9
Depreciation and amortization	0	0	0	0	—	—
Net cash from operating activities	(12)	(21)	(22)	(30)	(19)	(21)
Purchases of property and equipment	0	0	1	3	1	4
Net cash from investing activities	0	(54)	20	25	(1)	(4)
Proceeds from issuing common stock	14	—	—	0	18	8
Share repurchases	0	0	0	0	—	—
Net cash from financing activities	84	0	(0)	0	23	27
Net change in cash	73	(75)	(1)	(4)	4	2

SIC 4911 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4911 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ocean Power Technologies	7.4	0.3	(10)	9.0M	0.7 quarters	Q1 FY27 10-QJul 31, 2026
Spruce Power Holding	45	30	(3.2)*	19.3M	13.8 quarters	Q2 FY26 10-QJun 30, 2026
Bimergen Energy	9.4	7.9	0.5*	7.1M	—	Q2 FY26 10-QJun 30, 2026
Fervo Energy	2,106	0.1	(35)*	not reported	60.6 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.