Ocean Power Technologies, Inc. (OPTT) Revenue History
Annual and quarterly revenue from 2005 to present
OPTT Revenue Over Time (2005–2025)
OPTT Revenue Growth History
12 of 20 years with positive growth- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- -67.4%
- FY2007 revenue growth
- +44.8%
- FY2008 revenue growth
- +88.5%
- FY2009 revenue growth
- -15.1%
- FY2010 revenue growth
- +26.0%
- FY2011 revenue growth
- +31.2%
- FY2012 revenue growth
- -14.2%
- FY2013 revenue growth
- -37.0%
- FY2014 revenue growth
- -58.5%
- FY2015 revenue growth
- +173.9%
- FY2016 revenue growth
- -82.8%
- FY2017 revenue growth
- +19.6%
- FY2018 revenue growth
- -39.4%
- FY2019 revenue growth
- +23.7%
- FY2020 revenue growth
- +166.1%
- FY2021 revenue growth
- -28.3%
- FY2022 revenue growth
- +45.9%
- FY2023 revenue growth
- +55.3%
- FY2024 revenue growth
- +102.2%
- FY2025 revenue growth
- +6.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $513K | -37.8% |
| Q2 2026 | $424K | -82.5% |
| Q1 2026 | $1.2M | -9.1% |
| Q4 2025 | $1.3M | -16.2% |
| Q3 2025 | $825K | -54.0% |
| Q2 2025 | $2.4M | +172.0% |
| Q1 2025 | $1.3M | +2.3% |
| Q4 2024 | $1.6M | +60.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
OPTT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
OPTT Revenue Analysis (2005–2025)
Current Revenue & Growth
As of June 29, 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.
Historical Growth Trajectory
OPTT's 5-year compound annual growth rate (CAGR) stands at +28.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +49.4% exceeds the 5-year average, indicating an acceleration in the most recent period. Ocean Power Technologies, Inc.'s highest annual revenue of $6.7 million was recorded in 2011.
Revenue by Segment
OPTT's revenue is primarily driven by Product (89%), and Service (11%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including WAVE (-45.1% YoY), NRGV (+362.0% YoY), and HYAC — OPTT has underperformed the peer group in 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 | $192M | - | - | -1.4% | |
 AMRC | $1.9B | +8.6% | +13.4% | 6.5% | |
 GPRE | $2.1B | -21.0% | +1.7% | -4.0% |
OPTT Historical Revenue Data (2005–2025)
| 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% |
| 2015 | $4.1M | +173.9% | $-565,979 | -13.8% | $-14,286,560 | -348.0% |
| 2014 | $1.5M | -58.5% | $-11,444 | -0.8% | $-13,150,309 | -877.3% |
| 2013 | $3.6M | -37.0% | $135K | 3.7% | $-16,319,215 | -451.3% |
| 2012 | $5.7M | -14.2% | $55K | 1.0% | $-16,556,745 | -288.5% |
| 2011 | $6.7M | +31.2% | $436K | 6.5% | $-21,282,790 | -318.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
21+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
OPTT — Frequently Asked Questions
Quick answers to the most common questions about buying OPTT stock.
Is OPTT's revenue growth accelerating or slowing?
OPTT revenue is declining -37.8% year-over-year. TTM revenue fell to $3M, contrasting with the 5-year CAGR of +28.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is OPTT's revenue history from 2005 to 2026?
Ocean Power Technologies, Inc. (OPTT) revenue history spans 2005 to 2026. TTM revenue as of 2026 is $3M, growing at -37.8% YoY. The 5-year CAGR is +28.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OPTT's long-term revenue growth rate (CAGR)?
Ocean Power Technologies, Inc.'s 5-year revenue CAGR of +28.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -37.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OPTT.
Why does OPTT's quarterly revenue fluctuate?
OPTT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ocean Power Technologies, Inc.'s revenue data from 2005 to 2026 shows full historical quarterly detail on this page.
How is OPTT's revenue distributed by segment?
OPTT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does OPTT's revenue compare to industry peers?
Ocean Power Technologies, Inc. (OPTT) with TTM revenue of $3M and -37.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.