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Ocean Power Technologies, Inc. key statistics and ratios

In fiscal 2026, Ocean Power Technologies, Inc. had a net margin of -1308.9%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Apr 20112012Apr 20122013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Net margin−305.4%−263.8%−406.0%−731.8%−319.4%<−999%<−999%<−999%<−999%−608.9%<−999%<−999%−963.6%−497.4%−417.4%<−999%<−999%
Return on equity−44.0%−38.5%−58.2%−46.9%−59.4%−136.6%—−129.5%−94.2%−78.8%−32.5%−25.3%−46.7%−86.8%−106.4%——
Return on assets−38.2%−33.3%−47.2%−34.9%−46.1%−89.9%−92.9%−84.0%−75.4%−64.9%−29.5%−23.6%−41.5%−67.0%−82.2%−138.3%−132.4%
R&D as % of revenue199.1%145.3%202.6%304.6%101.1%>999%596.6%845.4%830.7%255.5%393.6%—366.0%139.4%61.4%——
SG&A as % of revenue125.5%144.2%252.4%624.4%233.1%957.0%778.5%>999%>999%406.8%644.4%——————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · July 31, 2026
What it owns · $39m
Short-term assets $15mLonger-term assets $23m
What it owes, and who funded it · $39m
Short-term liabilities $30mLonger-term liabilities $1mShareholders' equity $8m
  • Short-term assets cover short-term liabilities $15m of assets due within a year against $30m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $15m short-term assets against $725,000 of longer-dated liabilities.
  • More cash than debt $7m of cash against $10m of debt.
  • Debt below 40% of shareholders' equity Debt is 117% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 117% over five years.
  • A year's operating cash flow covers at least 20% of debt −$25m of operating cash flow against $10m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ocean Power Technologies, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

8 /100

Weak moat

How hard Ocean Power Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -46.3% of total assets over 6 years.

  • Pricing power 0 / 20

    Gross margin has been a median -14.6%, moving by 73.7 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1055.9%; its worst year was -3489.0%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -714.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (12 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: HTOO vs OPTTELLO vs OPTTOPTT vs SUNE

More: Renewable Electricity stocks compared, Utilities sector, rankings of US companies

Figures from Ocean Power Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ocean Power Technologies, Inc.