Filing Flows › Ocean Power Technologies (OPTT) › Q3 FY26
Ocean Power Technologies (OPTT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 17, 2026
Ocean Power Technologies (OPTT) reported revenue of $513K for the third quarter fiscal 2026 (Q3 FY26), -38% from a year earlier and +21% from the quarter before.
Ocean Power Technologies, Q3 FY26: revenue $513K (-38% year over year), net loss $11.4M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $513K | +21% | -38% |
| Operating profit | −$9.1M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$6.8M | — | — |
What changed
Revenue was $513K in Q3 FY26, down 38% year over year and up 21% from the previous quarter. Service was the largest line at 64% of revenue. WAM-V lost $532K year over year (down 81%), 171% of the total change.
Operating costs exceeded revenue by $9.1M, an operating margin of -1777.4%. The fastest-growing cost line was Other operating costs (+51%). The quarter ended with a net loss of $11.4M, wider than the previous quarter's $10.8M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $267K of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $35K exceeded it, leaving free cash flow of −$6.8M.
Questions
What was Ocean Power Technologies' revenue in the third quarter fiscal 2026?
Ocean Power Technologies (OPTT) reported revenue of $513K for the third quarter fiscal 2026 (Q3 FY26), -38% from a year earlier and +21% from the quarter before.