Filing Flows › Ocean Thermal Energy (CPWR) › Q3 2025
Ocean Thermal Energy (CPWR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Dec 19, 2025
Ocean Thermal Energy (CPWR) reported revenue of $414K for the third quarter 2025 (Q3 2025) and -51% from the quarter before. Operating margin was -68.7%.
Ocean Thermal Energy, Q3 2025: revenue $414K, operating margin -68.7%, net loss $72.0M, operating cash flow −$256K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $414K | -51% | — |
| Operating profit | −$284K | — | — |
| Net earnings | −$72.0M | — | — |
| Operating cash flow | −$256K | -366% | — |
What changed
Revenue was $414K in Q3 2025, down 51% from the previous quarter.
Gross margin was 25.6%. Operating costs exceeded revenue by $284K, an operating margin of -68.7%. The quarter ended with a net loss of $72.0M, narrower than the previous quarter's $94.7M loss. Net interest and other expense of $71.7M was the main reason.
Operating cash flow was −$256K. Working capital and other items added $71.7M.
Questions
What was Ocean Thermal Energy's revenue in the third quarter 2025?
Ocean Thermal Energy (CPWR) reported revenue of $414K for the third quarter 2025 (Q3 2025) and -51% from the quarter before.
Was Ocean Thermal Energy profitable in the third quarter 2025?
Operating loss was $284K (-68.7% of revenue) and net loss $72.0M.