Ocean Power Technologies, Inc. (OPTT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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OPTT Revenue Growth
Revenue Breakdown (FY 2025)
OPTT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
OPTT Revenue Analysis (2014–2025)
As of May 8, 2026, Ocean Power Technologies, Inc. (OPTT) generated trailing twelve-month (TTM) revenue of $3.4 million, reflecting significant decline in growth of -37.8% year-over-year. The most recent quarter (Q3 2026) recorded $513,000 in revenue, up 21.0% sequentially.
Looking at the longer-term picture, OPTT's 5-year compound annual growth rate (CAGR) stands at +28.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows OPTT's business is primarily driven by Product (89%), and Service (11%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WAVE (-45.1% YoY), NRGV (+362.0% YoY), and HYAC, OPTT has underperformed the peer group in terms of revenue growth. Compare OPTT vs WAVE →
OPTT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OPTTCurrent | $3M | -37.8% | +28.4% | -370.0% | |
 WAVE | $38,203 | -45.1% | - | -8416.0% | |
 NRGV | $204M | +362.0% | - | -36.5% | |
 HYAC | $197M | - | - | -0.5% | |
 AMRC | $1.9B | +8.6% | +13.4% | 6.5% | |
 GPRE | $2.1B | -21.4% | +1.7% | -4.0% |
OPTT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.9M | +6.1% | $1.7M | 28.3% | $-21,686,000 | -370.0% |
| 2024 | $5.5M | +102.2% | $2.8M | 51.1% | $-29,331,000 | -530.9% |
| 2023 | $2.7M | +55.3% | $236K | 8.6% | $-29,216,000 | -1069.4% |
| 2022 | $1.8M | +45.9% | $-101,000 | -5.7% | $-21,613,000 | -1228.7% |
| 2021 | $1.2M | -28.3% | $-1,073,000 | -89.0% | $-13,592,000 | -1127.0% |
| 2020 | $1.7M | +166.1% | $-105,000 | -6.2% | $-11,365,000 | -675.7% |
| 2019 | $632K | +23.7% | $-671,000 | -106.2% | $-13,271,000 | -2099.8% |
| 2018 | $511K | -39.4% | $-252,000 | -49.3% | $-11,560,000 | -2262.2% |
| 2017 | $843K | +19.6% | $-95,000 | -11.3% | $-11,687,000 | -1386.4% |
| 2016 | $705K | -82.8% | $37K | 5.2% | $-14,857,983 | -2108.1% |
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Start ComparisonOPTT — Frequently Asked Questions
Quick answers to the most common questions about buying OPTT stock.
Is OPTT's revenue growth accelerating or slowing?
OPTT revenue declined -37.8% year-over-year, contrasting with the 5-year CAGR of +28.4%. TTM revenue fell to $3M. This reverses the prior growth trend.
What is OPTT's long-term revenue growth rate?
Ocean Power Technologies, Inc.'s 5-year revenue CAGR of +28.4% reflects the variable expansion pattern. Current YoY growth of -37.8% is below this long-term average.
How is OPTT's revenue distributed by segment?
OPTT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.