CPWR Ocean Thermal Energy Corp

Overview and Growth

Fiscal 2025 results for Ocean Thermal Energy Corp combined $3.01M of revenue with net loss of $69.30M and an operating cash outflow of $93.39K. At $3.01M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Diluted earnings per share were $0.34, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 202.00M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Diluted shares moved 7.0% from 188.72M in fiscal 2024, leaving the current share base higher year over year. At period end, total assets were $1.48M, framing the scale of the company’s operating and financing commitments. Revenue equaled 2.03x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $588.93K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 19.5% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $172.10K, reflecting costs that exceeded gross profit. An operating margin of -5.7% reflected costs exceeding revenue-level gross profit by 5.7% of sales. The company ended the period with a net loss of $69.30M, extending the operating result through all remaining items. The pretax result was a loss of $69.30M, establishing the deficit before tax effects. The company recognized $0.00 of income tax for the period, completing the transition from pretax income to net income. Compared with a $1.19M net loss in fiscal 2024, the current loss increased to $69.30M.

Liquidity and Capital Structure

The company held $1.48M of assets against $114.89M of liabilities and -$113.40M of equity, revealing how the asset base was financed. Equity was negative at -$113.40M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $1.48M compared with current liabilities of $114.82M, defining the company’s short-term resource position. At 0.01x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $403.67K in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 0.4%, excluding receivables and other current assets. Measured against total assets, cash and equivalents represented 27.2%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $93.39K, showing that operations absorbed cash during the period. Cash absorbed by operations decreased from $562.63K in fiscal 2024 to $93.39K.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.