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Ocean Power Technologies (OPTT) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Sep 14, 2026 · Ocean Power Technologies (OPTT) Q1 FY27 earnings results →
Q1 FY27 Revenue up 44% year over year to $1.7M · 617¢ of every $1 of revenue lost · operating margin -885.3%
Ocean Power Technologies made $1.7M in Q1 FY27 (+44% Y/Y): Service $698K, Buoy $616K, WAM-V $389K. Operating margin -885.3%, net loss $10.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 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 $1.7M in Q1 FY27, up 44% year over year and up 5% from the previous quarter. Service was the largest line at 41% of revenue. Service added $687K year over year (up 6245%), 132% of the total change. WAM-V declined 65%.
Operating costs exceeded revenue by $15.1M, an operating margin of -885.3%. Total costs grew 103% against revenue growth of 44%. The fastest-growing cost line was Cost of revenue (+276%). The quarter ended with a net loss of $10.5M, narrower than the previous quarter's $19.3M loss. Non-operating items added $4.5M, -43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$10.2M. Non-cash charges added back $319K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $124K exceeded it, leaving free cash flow of −$10.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Sep 14, 2026 | $1.7M | +44% | -885.3% | −$10.5M | −$10.2M |
| Q4 FY26 | 10-K | Aug 19, 2026 | $1.6M | +23% | -744.4% | −$19.3M | −$851K |
| Q3 FY26 | 10-Q | Mar 17, 2026 | $513K | -38% | n/m | −$11.4M | −$6.8M |
| Q2 FY26 | 10-Q | Dec 15, 2025 | $424K | -82% | n/m | −$10.8M | −$7.5M |
| Q1 FY26 | 10-Q | Sep 15, 2025 | $1.2M | -9% | -598.8% | −$7.4M | −$5.6M |
| Q4 FY25 | 10-K | Jul 24, 2025 | $1.3M | -16% | -564.1% | −$6.4M | −$4.0M |
| Q3 FY25 | 10-Q | Mar 17, 2025 | $825K | -54% | -712.1% | −$6.7M | −$3.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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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 Power Technologies
Ocean Power Technologies, Inc. (“OPT,” “we,” “our,” or “the Company”) is a Maritime Domain Awareness (MDA) company specializing in innovative intelligent maritime solutions. These solutions include a variety of “as a service” systems, including Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). These systems consist of a variety of platforms including the PowerBuoy®, our persistent sensor and power solution, the WAM-V® (Wave Adaptive Modular Vessel), our autonomous unmanned surface vehicle, and Merrows™, our user interface and command and control (C2) system that integrates multiple sensor feeds using software and hardware and enables artificial intelligence and machine learning (AI/ML) integration.
In its own words, from its 10-K, filed Aug 19, 2026.
Ocean Power Technologies against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +44% against the peers' median +14%. Operating margin: -885.3% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| OPTT Ocean Power Technologies | Q1 FY27 | $1.7M | +44% | -885.3% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: Ocean Power Technologies 10-Q on SEC EDGAR · CIK 1378140 · Electric Services
More on OPTT
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results