Filing Flows › Ocean Thermal Energy (CPWR) › Q2 2025
Ocean Thermal Energy (CPWR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Dec 18, 2025
Ocean Thermal Energy (CPWR) reported revenue of $846K for the second quarter 2025 (Q2 2025) and +389% from the quarter before. Operating margin was -15.1%.
Ocean Thermal Energy, Q2 2025: revenue $846K, operating margin -15.1%, net loss $94.7M, operating cash flow $96K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $846K | +389% | — |
| Operating profit | −$128K | — | — |
| Net earnings | −$94.7M | — | — |
| Operating cash flow | $96K | — | — |
What changed
Revenue was $846K in Q2 2025, up 389% from the previous quarter.
Gross margin was 25.6%. Operating costs exceeded revenue by $128K, an operating margin of -15.1%. The quarter ended with a net loss of $94.7M, wider than the previous quarter's $1.4M loss. Net interest and other expense of $94.6M was the main reason.
Operating cash flow was $96K. Working capital and other items added $94.8M.
Questions
What was Ocean Thermal Energy's revenue in the second quarter 2025?
Ocean Thermal Energy (CPWR) reported revenue of $846K for the second quarter 2025 (Q2 2025) and +389% from the quarter before.
Was Ocean Thermal Energy profitable in the second quarter 2025?
Operating loss was $128K (-15.1% of revenue) and net loss $94.7M.