Here are the 10-K annual reports from Ocean Power Technologies, Inc. (OPTT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OPTT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPTT filings page.
Ocean Power Technologies, Inc. (OPTT) reports that it is building an integrated maritime domain awareness business around its PowerBuoy® renewable offshore platforms, WAM‑V® autonomous vessels, and Merrows™ command-and-control software, delivered largely as DaaS, RaaS, and PaaS subscription services. As of April 30, 2026, the company had a contract backlog of $20.1 million, up from $12.5 million a year earlier, and had deployed over 100 WAM‑V® platforms globally, with 67% of fiscal 2026 revenue from non‑U.S. customers. OPTT also held about 82 issued U.S. patents and maintained ISO 9001 and ISO 45001 certifications at its New Jersey and California facilities.
Financially, OPTT remains highly loss‑making, with a net loss of $48.9 million in fiscal 2026 versus $24.5 million in 2025, and an accumulated deficit of $381.0 million. It raised $28.7 million in fiscal 2026 and ended the year with $8.7 million in unrestricted cash, alongside $10.4 million of outstanding convertible notes. Management discloses that current cash may not fund planned expenditures for 12 months from the filing date and explicitly states there is substantial doubt about the company’s ability to continue as a going concern, absent improved operations or additional financing.