Emea was Ocean Power Technologies’s largest region in fiscal 2026, bringing in $1.79M of $3.65M (49%).
| Geography | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North & South America | $667.00K | $4.10M | $3.86M | $1.22M | |||||||||||
| North America | — | — | — | — | |||||||||||
| Region | $2.07M | — | — | $639.00K | |||||||||||
| Emea | — | $215.00K | $1.55M | $1.79M | |||||||||||
| Europe | — | — | — | — | |||||||||||
| Asia & Australia | — | — | $115.00K | — | |||||||||||
| Total | $2.73M | $4.32M | $5.52M | $3.65M |
Ocean Power Technologies brought in $3.65M from its three regions in fiscal 2026, the year ended April 30, 2026. That is less than the $5.02M it reports by product and service, so these regions do not cover all of its revenue. Emea was the largest at $1.79M (49.1%), ahead of North & South America at $1.22M (33.4%) and Region at $639.00K (17.5%).
Compared with fiscal 2025, Emea grew 15.7% to $1.79M, while North & South America fell 68.4% to $1.22M. Some of that change comes from Ocean Power Technologies regrouping its regions.
Ocean Power Technologies began breaking out Emea in fiscal 2024, when it brought in $215.00K. Ocean Power Technologies stopped reporting Asia & Australia as a separate region after fiscal 2025, when it brought in $115.00K.
Service was Ocean Power Technologies’s largest product and service line in fiscal 2026, bringing in $1.98M of $5.02M (40%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Wam-V | — | $1.91M | $4.22M | $1.39M | |
| Wamv | $919.00K | — | — | — | |
| Service | $877.00K | $482.00K | $718.00K | $1.98M | |
| Product | $667.00K | $1.39M | — | $639.00K | |
| Buoy | $269.00K | $1.74M | $474.00K | $365.00K | |
| Lease Revenue | — | — | — | $639.00K | |
| Total | $2.73M | $5.53M | $5.41M | $5.02M |
Ocean Power Technologies brought in $5.02M from its five product and service lines in fiscal 2026, the year ended April 30, 2026. Ocean Power Technologies regrouped these lines after fiscal 2025, so the total does not compare directly with that year's $5.41M. Service was the largest at $1.98M (39.5%), ahead of Wam-V at $1.39M (27.7%) and Product at $639.00K (12.7%). The other two lines brought in $1.00M combined.
Compared with fiscal 2025, Service grew fastest, up 176.0% to $1.98M, while Wam-V fell the most, down 67.0% to $1.39M.
Ocean Power Technologies began breaking out Wam-V in fiscal 2024 and Lease Revenue in fiscal 2026. Ocean Power Technologies stopped reporting Wamv as a separate line after fiscal 2023, when it brought in $919.00K.
Accounting Standards Update 2014-09 was Ocean Power Technologies’s largest revenue line in fiscal 2026, bringing in $2.29M of $3.35M (69%).
| Adjustments For New Accounting Pronouncements | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Accounting Standards Update 2014-09 | $919.00K | $1.94M | $4.57M | $2.29M | |
| Accounting Standards Update 2016-02 | $667.00K | $1.18M | $568.00K | $1.05M | |
| Total | $1.59M | $3.12M | $5.14M | $3.35M |
Ocean Power Technologies brought in $3.35M from its two revenue lines in fiscal 2026, the year ended April 30, 2026. That is less than the $5.02M it reports by product and service, so these revenue lines do not cover all of its revenue. Accounting Standards Update 2014-09 was the largest at $2.29M (68.6%), ahead of Accounting Standards Update 2016-02 at $1.05M (31.4%).
Compared with fiscal 2025, Accounting Standards Update 2016-02 grew 85.2% to $1.05M, while Accounting Standards Update 2014-09 fell 49.9% to $2.29M.
Ocean Power Technologies (OPTT) reports its revenue by geography, by product and service and by adjustments for new accounting pronouncements. In fiscal 2026, Emea was its largest region, bringing in $1.79M (49.1% of the total), followed by North & South America at $1.22M (33.4%).
Emea was Ocean Power Technologies' largest region in fiscal 2026, bringing in $1.79M, or 49.1% of the $3.65M total across its three regions.
Service was Ocean Power Technologies' largest product and service line in fiscal 2026, bringing in $1.98M, or 39.5% of the $5.02M total across its five product and service lines.
Accounting Standards Update 2014-09 was Ocean Power Technologies' largest revenue line in fiscal 2026, bringing in $2.29M, or 68.6% of the $3.35M total across its two revenue lines.
Accounting Standards Update 2016-02 grew faster than Accounting Standards Update 2014-09 in fiscal 2026, up 85.2% from $568.00K to $1.05M. Accounting Standards Update 2014-09 fell 49.9% to $2.29M.
Every figure comes from Ocean Power Technologies' annual financial filings, as reported. Each line keeps the name Ocean Power Technologies gives it, and years follow its fiscal calendar.
Ocean Power Technologies' revenue by geography goes back to fiscal 2012, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.