Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Ocean Thermal Energy Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Revenue
0
0
0
0
3.01
Cost of revenue
0
Gross profit
0
0
0.59
General and administrative
0.44
2.17
0.6
0.27
0.26
0.19
0.17
0.14
0.12
0.07
Operating expenses
1.52
1.5
1.58
0.76
Operating income
-3.43
-12.7
-4.05
-1.8
-2.78
-1.98
-1.52
-1.5
-1.58
-0.17
Interest expense
2.68
0.61
1.28
2.35
1.43
1.75
1.82
2.28
2.5
2.87
Other non-operating income
-2.68
-1.89
-3.83
-3.08
-3.67
-0.69
-5.39
-7.76
0.39
-69.1
Pre-tax income
-6.11
-14.6
-7.88
-4.88
-6.45
-2.67
-6.91
-9.26
-1.19
-69.3
Income tax
0
0
0
0
0
0
0
0
0
0
Net income
-6.11
-14.6
-7.88
-4.88
-6.45
-2.67
-6.91
-9.26
-1.19
-69.3
EBITDA
-3.43
-12.7
-4.05
-1.8
-2.78
EPS, basic
-0.07
-0.13
-0.06
-0.04
-0.05
-0.02
-0.04
EPS, diluted
-0.07
-0.13
-0.06
-0.04
-0.05
-0.02
-0.04
-0.05
0.01
0.34
Shares, basic (weighted)
83.2
112
125
134
136
159
179
Shares, diluted (weighted)
83.2
112
125
134
136
159
179
184
189
202
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
0.01
0.43
0.01
0.02
0.01
0
0
0.12
0.02
0.4
Receivables
0
Other current assets
0.03
0.03
0
0.02
0.01
0.01
0.01
0.01
0.01
0.01
Total current assets
0.04
0.45
0.01
0.04
0.02
0.01
0.01
0.12
0.02
1.48
Property, plant and equipment
0.85
0.89
0
0
Total assets
0.89
1.34
0.01
0.04
0.02
0.01
0.01
0.12
0.02
1.48
Accounts payable
5.63
6.85
8.88
11.2
14.5
17.6
20.5
23
26.5
23.5
Accrued liabilities
0.39
7
Short-term debt
0.35
0.64
3.96
5.27
5.85
0.01
Total current liabilities
7.9
11.2
17.6
21.9
28
29.8
36.2
44.1
44.6
115
Long-term debt
0.6
0.69
0.17
0.18
0.37
0.16
0
Total liabilities
9.55
11.9
17.8
22.1
28.4
30
36.2
44.1
44.6
115
Total debt
0.6
0.69
0.17
0.18
0.37
Paid-in capital
44.4
57.1
57.7
58.3
58.4
59.4
60.1
62
62.5
62.5
Retained earnings
-53.1
-67.7
-75.6
-80.5
-86.9
-89.6
-96.5
-106
-107
-177
Shareholders' equity
-8.66
-10.5
-17.8
-22.1
-28.4
-30
-36.2
-43.9
-44.6
-113
Total equity
-8.66
-10.5
-17.8
-22.1
-28.4
-30
-36.2
-43.9
-44.6
-113
Total liabilities and equity
0.89
1.34
0.01
0.04
0.02
0.01
0.01
0.12
0.02
1.48
Shares outstanding
94.3
123
131
135
138
174
184
184
190
190
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Net income
-6.11
-14.6
-7.88
-4.88
-6.45
-2.67
-6.91
-9.26
-1.19
-69.3
Depreciation and amortization
0
0
0
0
0
Stock-based compensation
0
0
0.16
0
0
0
Change in receivables
-1.08
Change in payables
0.72
1.2
2.07
2.3
3.27
3.1
3.01
3.09
3.52
4
Cash from operations
-2.06
-1.47
-1.64
-0.62
-0.83
-0.54
-0.33
-0.67
-0.56
-0.09
Acquisitions
-0.05
0
Cash from investing
-0.12
-0.14
0
0
Stock issued
1.03
0.05
0.16
0
Cash from financing
2.06
2.03
1.22
0.63
0.81
0.54
0.33
0.78
0.46
0.48
Net change in cash
-0.02
-0.01
0
0.11
-0.1
0.39
Interest paid
0.05
0.02
0.03
0.02
0.01
0.02
0.01
0.01
0.06
0.35
Income taxes paid
0
0
0
0
0
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-5.9%
Gross profit / revenue.
Operating margin
-30.9%
Operating income / revenue.
Pre-tax margin
3,357.0%
Pre-tax income / revenue.
Net margin
3,357.0%
Net income / revenue.
Operating cash flow margin
-16.8%
Cash from operations / revenue.
Effective tax rate
0.0%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
63,973.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
EPS growth, 1y
3,300.0%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
6,923.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
514.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
143.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
7.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
4.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
8.2%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.00x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Debt / assets
5,281.0%
Total debt / total assets.
Liabilities / assets
43,401.0%
Total liabilities / total assets.
Net debt
$6.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.01
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.30
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
0.01x
Market cap / net income. Only when net income is positive.
P/S
0.23x
Market cap / revenue.
EV/Sales
2.99x
Enterprise value / revenue.
Earnings yield
14,664.0%
Net income / market cap (the inverse of P/E).
What was Ocean Thermal Energy Corp's revenue in fiscal 2025?
Ocean Thermal Energy Corp reported revenue of $3.0M for fiscal 2025.
Was Ocean Thermal Energy Corp profitable in fiscal 2025?
No. It reported a net loss of $69.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.