How many employees work at Ocean Power?
Ocean Power Technologies, Inc. (OPTT) has approximately 64 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Ocean Power’s total headcount has declined 6.9% from 69 employees in 2023 to 64 in 2026.
Is Ocean Power hiring right now?
Yes, Ocean Power is actively hiring. Ocean Power had 8 active job postings in 2026, a 90.9% increase from 2025 — see job openings & hiring trends.
About Ocean Power’s Workforce
Ocean Power Technologies, Inc. (OPTT) is an Energy and Resources company that employs 64 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 1984, the company is headquartered in Concordia, New Jersey and trades on the NYSE American.
Ocean Power's workforce has declined 6.9% from 2023 to 2026, though it is up 1.0% year over year in 2026. It fell to a low of 49 in 2024 Q2 before recovering. Its workforce is concentrated most in North America (87.5%), followed by East Asia (6.4%) and Western Europe (3.7%).
Ocean Power's functional groups are Finance and Operations (55.2%), Engineering (23.4%), and Sales and Marketing (21.4%), with Finance and Operations growing fastest (up 14.1%). The average salary is $119,474, highest in North America at a median of $108,000, down 2.4% year over year in 2026.
Ocean Power's active job postings rose 90.9% in 2026 to 8, with new postings per month climbing from 3 in 2023 to 5 in 2026. Overall employee sentiment is negative and declining.
Sourced from Revelio Labs workforce data.
- Ticker
- NYSE American: OPTT
- Headquarters
- Concordia, New Jersey
- Founded
- 1984
- Industry
- Energy and Resources
- Employees
- 64
- YoY
- +1.0% (+12)
As of March 2026
Ocean Power workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Ocean Power. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsOcean Power Annual Employee Count (2023-2026)
- Ocean Power had 64 employees in 2026, a 1.0% increase (+12) from 2025.
- Ocean Power had 63 employees in 2025, a 2.6% increase (+13) from 2024.
- Ocean Power had 50 employees in 2024, a 0.2% decline (-12) from 2023.
- Ocean Power had 62 employees in 2023, a 5.2% decline (+2) from 2022.
Ocean Power's total workforce has grown from 49 employees in 2024 to 64 in 2026. Ocean Power's headcount peaked at 69 in 2023 before declining in 2024 and recovering through 2025 and 2026.
Ocean Power Technologies, Inc. quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 64 | +12 | +1.0% |
| 2025 | Q4 | 63 | +13 | +2.6% |
| 2025 | Q3 | 59 | +9 | +0.5% |
| 2025 | Q2 | 55 | +6 | +6.4% |
| 2025 | Q1 | 52 | -7 | +0.3% |
| 2024 | Q4 | 50 | -12 | -0.2% |
| 2024 | Q3 | 50 | -16 | -3.2% |
| 2024 | Q2 | 49 | -20 | -10.9% |
| 2024 | Q1 | 59 | -7 | -4.4% |
| 2023 | Q4 | 62 | +2 | -5.2% |
| 2023 | Q3 | 66 | +9 | -2.0% |
| 2023 | Q2 | 69 | +12 | +3.6% |
See Ocean Power's complete headcount history, including quarterly breakdowns.
Get the DataOcean Power Employee Count by Region (2026)
North America accounts for the largest share of Ocean Power's global workforce with approximately 88% of total employees, followed by East Asia and Western Europe.
Ocean Power employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 56 | 87.5% |
| East Asia | 4 | 6.4% |
| Western Europe | 2 | 3.7% |
| Northern Europe | 1 | 1.0% |
| South America | 0 | 0.8% |
| Arab States | 0 | 0.6% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataOcean Power Employee Count by Department (2026)
Ocean Power's employee groups are Finance and Operations (55.2%), Engineering (23.4%), and Sales and Marketing (21.4%).
Ocean Power employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 35 | 55.2% |
| Engineering | 15 | 23.4% |
| Sales and Marketing | 14 | 21.4% |
Compare Ocean Power's department mix to industry peers.
See Full DataOcean Power Employee Salary by Region (2026)
Ocean Power's average employee salary is $119,474 globally. Employees in North America receive the highest compensation.
Ocean Power median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $108,000 |
Unlock salary by role, level, and city — and compare to Ocean Power's industry peers.
Unlock Salary DataOcean Power Job Openings and Hiring Trends (2023-2026)
- Ocean Power had 8 active job postings in 2026, a 90.9% increase from 2025.
- Ocean Power had 8 active job postings in 2025, a 28.6% increase (+2) from 2024.
- Ocean Power had 6 active job postings in 2024, a 200.0% increase (+6) from 2023.
- Ocean Power had 0 active job postings in 2023, a 200.0% decline from 2022.
- Hiring velocity in 2026: 5 new roles/month, up from 5 in 2025 and 3 in 2024.
Ocean Power's hiring is accelerating: active job postings rose 90.9% in 2026 to 8, with new postings per month climbing from 3 in 2023 to 5 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataOcean Power Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Ocean Power's workforce based on public professional data. Overall sentiment is negative and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
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Frequently Asked Questions About Ocean Power
- How fast is Ocean Power growing?
- In 2026, Ocean Power's headcount grew 1.0% to 64 employees, up from 52 in 2025.
- See the full headcount history
- Where are Ocean Power employees located?
- Most Ocean Power employees are based in North America (87.5% of headcount), followed by East Asia and Western Europe.
- Explore where the workforce is based
- What is the average salary at Ocean Power?
- The average employee salary at Ocean Power is approximately $119.5k per year.
- Analyze the salary distribution
- How many new job postings does Ocean Power open per year?
- In Q1 2026, Ocean Power opened 15 new job postings. In 2025, Ocean Power opened 54 new job postings — about 5 per month.
- Track hiring trends by role
- When was Ocean Power founded and where is it headquartered?
- Ocean Power was founded in 1984 and is headquartered in Concordia, New Jersey.
- Compare Ocean Power to industry peers
Speak with a workforce expert about Ocean Power.
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