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Ocean Thermal Energy (CPWR) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Ocean Thermal Energy (CPWR) Q2 2026 earnings results →
Q2 2026 Revenue down 89% year over year to $92K · operating margin -523.6%
Ocean Thermal Energy made $92K in Q2 2026 (-89% Y/Y). Operating margin -523.6%, net loss $5.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $92K in Q2 2026, down 89% year over year and down 77% from the previous quarter.
Operating costs exceeded revenue by $484K, an operating margin of -523.6%. The fastest-growing cost line was General & admin (+193%). The quarter ended with a net loss of $5.2M, after a profit of $62.0M the previous quarter. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was −$153K. Working capital and other items added $5.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $92K | -89% | -523.6% | −$5.2M | −$153K |
| Q1 2026 | 10-Q | May 12, 2026 | $404K | +133% | -120.9% | $62.0M | −$237K |
| Q4 2025 | 10-K | Mar 24, 2026 | $1.6M | — | 30.8% | $98.8M | $228K |
| Q3 2025 | 10-Q | Dec 19, 2025 | $414K | — | -68.7% | −$72.0M | −$256K |
| Q2 2025 | 10-Q | Dec 18, 2025 | $846K | — | -15.1% | −$94.7M | $96K |
| Q1 2025 | 10-Q | Dec 18, 2025 | $173K | — | -142.6% | −$1.4M | −$162K |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Ocean Thermal Energy
We use our proprietary technology to develop designs for renewable energy systems, primarily for Ocean Thermal Energy Conversion (“OTEC”), Seawater Air Conditioning (“SWAC”), and Lake Source Cooling (“LSC”) systems. Our geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC, and worldwide markets for SWAC and LSC. We also intend to develop projects for renewable power generation, desalinated water production, and air conditioning using our proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. In addition, our projects provide ancillary products such as potable/bottled water and high-profit aquaculture, mariculture, and agriculture opportunities.
In its own words, from its 10-K, filed Mar 24, 2026.
Ocean Thermal Energy against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -89% against the peers' median +7%. Operating margin: -523.6% against the peers' median 20.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CPWR Ocean Thermal Energy | Q2 2026 | $92K | -89% | -523.6% |
| DUK Duke Energy | Q3 2026 | $9.1B | +7% | 30.2% |
| Pepco Holdings LLC | Q3 2026 | $7.3B | +9% | 18.8% |
| EXC Exelon | Q1 2026 | $7.2B | +8% | 22.2% |
| PCG PG&E | Q3 2026 | $6.2B | -1% | 20.2% |
| ED Consolidated Edison | Q3 2026 | $4.9B | +8% | 23.8% |
| XEL Xcel Energy | Q3 2026 | $4.2B | +7% | 28.5% |
| Consolidated Edison Co of New York | Q2 2026 | $4.1B | +13% | 13.6% |
| PEG Public Service Enterprise Group | Q3 2026 | $3.0B | -6% | 20.6% |
Source: Ocean Thermal Energy 10-Q on SEC EDGAR · CIK 827099 · Electric & Other Services Combined
More on CPWR
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results