Filing Flows › Ocean Power Technologies (OPTT) › Q1 FY26
Ocean Power Technologies (OPTT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 15, 2025
Ocean Power Technologies (OPTT) reported revenue of $1.2M for the first quarter fiscal 2026 (Q1 FY26), -9% from a year earlier and -10% from the quarter before. Operating margin was -598.8%, net loss $7.4M (625.0% of revenue).
Ocean Power Technologies, Q1 FY26: revenue $1.2M (-9% year over year), operating margin -598.8%, net loss $7.4M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | -10% | -9% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$7.4M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $1.2M in Q1 FY26, down 9% year over year and down 10% from the previous quarter. WAM-V was the largest line at 93% of revenue. Service lost $401K year over year (down 97%), 337% of the total change.
Operating costs exceeded revenue by $7.1M, an operating margin of -598.8%. The fastest-growing cost line was Other operating costs (+31%). The quarter ended with a net loss of $7.4M, wider than the previous quarter's $6.4M loss.
Operating cash flow was −$5.6M. Non-cash charges added back $227K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $843K. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Ocean Power Technologies' revenue in the first quarter fiscal 2026?
Ocean Power Technologies (OPTT) reported revenue of $1.2M for the first quarter fiscal 2026 (Q1 FY26), -9% from a year earlier and -10% from the quarter before.
Was Ocean Power Technologies profitable in the first quarter fiscal 2026?
Operating loss was $7.1M (-598.8% of revenue) and net loss $7.4M.