Filing Flows › Ocean Thermal Energy (CPWR) › Q4 2025
Ocean Thermal Energy (CPWR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Ocean Thermal Energy (CPWR) reported revenue of $1.6M for the fourth quarter 2025 (Q4 2025) and +282% from the quarter before. Operating margin was 30.8%.
Ocean Thermal Energy, Q4 2025: revenue $1.6M, operating margin 30.8%, net earnings $98.8M, operating cash flow $228K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +282% | — |
| Gross profit | $222K | +110% | — |
| Operating profit | $487K | — | — |
| Net earnings | $98.8M | — | — |
| Operating cash flow | $228K | — | — |
What changed
Revenue was $1.6M in Q4 2025, up 282% from the previous quarter.
Gross margin was 14.1%. Operating profit was $487K, a 30.8% margin. Net earnings were $98.8M. The effective tax rate was 0.0%. Non-operating items added $98.3M, 100% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $228K, 0% of net earnings. Working capital and other items used $98.6M.
Questions
What was Ocean Thermal Energy's revenue in the fourth quarter 2025?
Ocean Thermal Energy (CPWR) reported revenue of $1.6M for the fourth quarter 2025 (Q4 2025) and +282% from the quarter before.
Was Ocean Thermal Energy profitable in the fourth quarter 2025?
Operating profit was $487K (30.8% of revenue) and net earnings $98.8M.