Filing Flows › Ocean Power Technologies (OPTT) › Q2 FY26
Ocean Power Technologies (OPTT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 15, 2025
Ocean Power Technologies (OPTT) reported revenue of $424K for the second quarter fiscal 2026 (Q2 FY26), -82% from a year earlier and -64% from the quarter before.
Ocean Power Technologies, Q2 FY26: revenue $424K (-82% year over year), net loss $10.8M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $424K | -64% | -82% |
| Operating profit | −$10.1M | — | — |
| Net earnings | −$10.8M | — | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $424K in Q2 FY26, down 82% year over year and down 64% from the previous quarter. Buoy was the largest line at 60% of revenue. WAM-V lost $2.1M year over year (down 92%), 104% of the total change.
Operating costs exceeded revenue by $10.1M, an operating margin of -2387.5%. The fastest-growing cost line was Other operating costs (+116%). The quarter ended with a net loss of $10.8M, wider than the previous quarter's $7.4M loss.
Operating cash flow was −$7.5M. Non-cash charges added back $237K of depreciation and amortization and $2.8M of share-based compensation. Capital expenditures of $266K exceeded it, leaving free cash flow of −$7.8M.
Questions
What was Ocean Power Technologies' revenue in the second quarter fiscal 2026?
Ocean Power Technologies (OPTT) reported revenue of $424K for the second quarter fiscal 2026 (Q2 FY26), -82% from a year earlier and -64% from the quarter before.