Ocean Thermal Energy Corp (CPWR) Financial Statements (2026 and earlier)

Company Profile

Business Address 3675 MARKET STREET
PHILADELPHIA, PA 19104
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4931 - Electric and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 154     
Cash and cash equivalent 154     
Prepaid expense555555
Other undisclosed current assets1,3267006205441649
Total current assets:1,4857056255492154
Noncurrent Assets
TOTAL ASSETS:1,4857056255492154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30,47229,50628,60027,38526,47325,524
Accrued liabilities 114   93 
Other undisclosed accounts payable and accrued liabilities30,35829,50628,60027,38526,38025,524
Debt3,6333,6233,6333,6333,6383,638
Derivative instruments and hedges, liabilities75,689174,820103,8379,9779,42410,144
Other undisclosed current liabilities5,0215,0265,0165,3835,0225,022
Total current liabilities:114,815212,974141,08746,37844,55744,328
Noncurrent Liabilities
Long-term debt and lease obligation 7157433016 
Long-term debt, excluding current maturities 7157433016 
Total noncurrent liabilities: 7157433016 
Total liabilities:114,886213,031141,13046,40844,57344,328
Equity
Equity, attributable to parent, including:(113,401)(212,326)(140,505)(45,859)(44,552)(44,274)
Common stock190190190190190190
Common stock, value, subscriptions44830813596  
Additional paid in capital62,52262,52262,52262,52262,52262,522
Accumulated deficit(176,563)(275,348)(203,355)(108,669)(107,266)(106,989)
Other undisclosed equity, attributable to parent333333
Total equity:(113,401)(212,326)(140,505)(45,859)(44,552)(44,274)
TOTAL LIABILITIES AND EQUITY:1,4857056255492154

Income Statement (P&L) ($ in thousands)

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues1,581414846173  
Cost of revenue(1,359)(308)(630)(129)  
Cost of product and service sold(1,359)(308)(630)   
Gross profit:22210621744  
Operating expenses265(390)(345)(291)(403)(379)
Operating income (loss):487(284)(128)(247)(403)(379)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
98,298(71,709)(94,558)(1,156)1264,636
Interest and debt expense    12  
Income (loss) from continuing operations before equity method investments, income taxes:98,785(71,993)(94,686)(1,391)(278)4,257
Other undisclosed loss from continuing operations before income taxes    (12)  
Net income (loss) available to common stockholders, diluted:98,785(71,993)(94,686)(1,403)(278)4,257

Comprehensive Income ($ in thousands)

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income (loss):98,785(71,993)(94,686)(1,403)(278)4,257
Comprehensive income (loss), net of tax, attributable to parent:98,785(71,993)(94,686)(1,403)(278)4,257

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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