Company / Income Tax
Ocean Power Technologies, Inc. Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
-$1.0M
FY2024
5-year range
-$1.8M / -$1.0M
FY2020-FY2024
Trend
+43.3%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Income Tax has fluctuated over the past 9 years, ranging from -$2M in FY2023 to -$698,000 in FY2016.
Based on SEC 10-K filings.
-$1M in FY2024.
Increased from -$2M to -$1M over the past 2 years.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2024, income tax increased 43.3% year-over-year.
- Peak income tax was recorded in FY2016.
- Lowest income tax in the period was in FY2023.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -6.11 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | -$1.0M | +43.3% |
| FY2023 | -$1.8M | +0.0% |
| FY2022 | -$1.8M | +0.0% |
| FY2021 | -$1.8M | -114.5% |
| FY2020 | -$850.0K | +5.0% |
| FY2019 | -$895.0K | -5.3% |
| FY2018 | -$850.0K | +49.2% |
| FY2017 | -$1.7M | -139.8% |
| FY2016 | -$698.0K | +58.3% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026