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Ocean Power Technologies cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$10.4M in Q1 FY27 · −$28.1M over twelve months

Operating cash flow−$10.2M
Capital spending−$124K
Free cash flow−$10.4M
Cash conversion cycle16 days

Analysis

In Q1 FY27, Ocean Power Technologies generated −$10.2M of operating cash flow and spent $124K on capital projects, leaving free cash flow of −$10.4M. That is $3.3M less than in Q1 FY26 (−$7.1M).

Over the twelve months to Jul 31, 2026, operating cash flow was −$25.4M; the largest uses were operating cash flow ($25.4M), capital spending ($2.7M); besides operations, cash came from other financing ($16.9M), shares issued ($8.7M); the cash balance fell by $2.5M.

Operating cash flow was −$10.2M against net income of −$10.5M. The largest differences: payables +$2.4M, inventory −$1.8M, stock-based pay +$1.8M.

Its cash conversion cycle was 16 days (receivables 50 + inventory 79 − payables 113).

Free cash flow

Ocean Power Technologies: free cash flow by quarterOcean Power Technologies: free cash flow by quarter−$4.5MQ2 FY25−$4.0MQ3 FY25−$4.2MQ4 FY25−$7.1MQ1 FY26−$7.8MQ2 FY26−$6.8MQ3 FY26−$3.1MQ4 FY26−$10.4MQ1 FY27
Operating cash flow less capital spending.
Ocean Power Technologies: operating cash flow against capital spendingOcean Power Technologies: operating cash flow against capital spendingOperating cash flowCapital spending−$4.8M−$246KQ2 FY25−$3.7M$222KQ3 FY25−$4.0M$155KQ4 FY25−$5.6M$1.5MQ1 FY26−$7.5M$266KQ2 FY26−$6.8M$35KQ3 FY26−$851K$2.3MQ4 FY26−$10.2M$124KQ1 FY27
Latest (Q1 FY27): Operating cash flow −$10.2M, Capital spending $124K.

Capital allocation, year by year

Ocean Power Technologies: where the cash came from (up) and went (down), by fiscal yearOcean Power Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY22: Operating cash flow −$21.3MFY22: Shares issued $90KFY22: Capital spending −$145KFY22: Acquisitions −$4.4MFY22: Buybacks −$3K$90KFY22FY23: Operating cash flow −$21.7MFY23: Capital spending −$648KFY23: Buybacks −$14KFY23FY24: Operating cash flow −$29.8MFY24: Shares issued $483KFY24: Capital spending −$2.6MFY24: Buybacks −$14K$483KFY24FY25: Operating cash flow −$18.6MFY25: Net borrowing $3.2MFY25: Shares issued $17.7MFY25: Capital spending −$505K$20.9MFY25FY26: Operating cash flow −$20.8MFY26: Net borrowing $26.5MFY26: Shares issued $7.6MFY26: Capital spending −$4.0M$34.1MFY26
Over these 5 years operating cash flow totalled −$112M; the largest uses were operating cash flow ($112M) and capital spending ($7.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.4M
Debt$9.9M
Net debt$2.6M
Cash runway3 months

Ocean Power Technologies is burning cash: its operations consume cash, a free cash flow of −$28.1M a year at the current rate against $7.4M of cash and investments: a runway of about 3 months before any new financing.

Where the cash came from and went

Ocean Power Technologies: sources (+) and uses (−) of cash, Q1 FY27Ocean Power Technologies: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow−$10.2MOther financing$7.6MShares issued$1.4MCash drawn (+) / kept (−)$1.4MCapital spending−$124K
Ocean Power Technologies: sources (+) and uses (−) of cash, TTM to Q1 FY27Ocean Power Technologies: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow−$25.4MOther financing$16.9MShares issued$8.7MCapital spending−$2.7MCash drawn (+) / kept (−)$2.5M

From profit to cash

Ocean Power Technologies: net income to operating cash flow, Q1 FY27Ocean Power Technologies: net income to operating cash flow, Q1 FY27Net income−$10.5MDepreciation & amortization$319KStock-based pay$1.8MGains on disposals$769KReceivables−$662KInventory−$1.8MPayables$2.4MAccrued liabilities$376KDeferred revenue−$938KContract assets$321KPrepaid and other assets$797KOther liabilities−$100KOperating cash flow−$10.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY27507911316
Q4 FY261857049206
Q3 FY26648360108901
Q2 FY2635924469533
Q1 FY2613234771408
Q4 FY259533249378
Q3 FY2519063972757
Q2 FY255229659289

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27−$10.2M−$124K—$1.4M$1.4M−$10.4M
Q4 FY26−$851K−$2.3M$8.9M$2.4M−$1.7M−$3.1M
Q3 FY26−$6.8M−$35K$800K$2.2M$4.6M−$6.8M
Q2 FY26−$7.5M−$266K$7.0M$2.6M−$1.8M−$7.8M
Q1 FY26−$5.6M−$1.5M$9.9M$337K−$3.1M−$7.1M
Q4 FY25−$4.0M−$155K$2K$849K$3.3M−$4.2M
Q3 FY25−$3.7M−$222K—$9.4M−$7.9M−$4.0M
Q2 FY25−$4.8M$246K—$979K$1.1M−$4.5M

Ocean Power Technologies: income statement and cash flow

Ocean Power Technologies, Q1 FY27: revenue $1.7M (+44% year over year), operating margin -885.3%. The chart follows the revenue to costs, profit and cash.

Ocean Power Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.