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CODA on Nasdaq

Coda Octopus Group, Inc.

Coda Octopus Group, Inc. is an American search company based in Dover, incorporated in Delaware.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCODA on Nasdaq2
  • IndustrySearch, Detection, Navigation, Guidance, Aeronautical Sys2
  • HeadquartersDover, United States2
  • Incorporated inDE3
  • Business address3300 S Hiawassee Rd.,, Suite 104-105, Orlando, Fl 328353
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900YRMYB0E8DV94182
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o INC. PLAN (USA), 3500 S. DUPONT HIGHWAY, 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 38281852

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Display)), both of which are intended for the underwater market, and which are used in the commercial offshore and defense sectors.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

66.5%Gross margin5
17.1%Operating margin5
15.5%Net margin5
30.7%Revenue growth, 20255
7.1%Return on equity5
$6.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment Sales brought in 54% of the revenue Coda Octopus Group, Inc. broke down this way in fiscal 2025.

  1. Equipment Sales$14.4M554%up 71% from 2024
  2. Engineering Parts$6.4M524%up 15% from 2024
  3. Service$3.5M513%up 10% from 2024
  4. Equipment Rentals$1.5M56%down 36% from 2024
  5. Software Sales$811.9K53%down 8% from 2024
Products and services by year
Products and services20242025
Equipment Sales$8.4M$14.4M
Engineering Parts$5.5M$6.4M
Service$3.2M$3.5M
Equipment Rentals$2.3M$1.5M
Software Sales$878.5K$811.9K

Business segments

Marine Technology Business (Products) brought in 50% of the revenue Coda Octopus Group, Inc. broke down this way in fiscal 2025.

  1. Marine Technology Business (Products)$13.2M550%up 3% from 2024
  2. Defense Engineering Services Business Services$7.9M530%up 6% from 2024
  3. "Acoustic Sensors and Materials Business (""PAL"") [Member]"$5.4M520%
Business segments by year
Business segments20242025
Marine Technology Business (Products)$12.8M$13.2M
Defense Engineering Services Business Services$7.5M$7.9M
"Acoustic Sensors and Materials Business (""PAL"") [Member]"$5.4M

Regions

Americas brought in 34% of the revenue Coda Octopus Group, Inc. broke down this way in fiscal 2025.

  1. Americas$8.9M534%up 23% from 2024
  2. Europe$8.2M531%up 28% from 2024
  3. Australia/Asia$7.9M530%up 44% from 2024
  4. Middle East And Africa$1.6M56%up 39% from 2024
Regions by year
Regions20242025
Americas$7.3M$8.9M
Europe$6.4M$8.2M
Australia/Asia$5.5M$7.9M
Middle East And Africa$1.1M$1.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢$8.9M
  • Research and development9¢$2.4M
  • Selling, general and admin39¢$10.7M
  • Income tax5¢$1.4M
  • Profit15¢$4.1M

Out of $26.6M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending16¢$1.2M
  • Kept or used elsewhere84¢$6.0M

Out of $7.2M of cash from operations.5

Financial statements

Revenue6789105$26.6M in 2025+6% since 2019
0$10.0M$20.0M$30.0M2019: $25.1M$25.1M20192020: $20.0M$20.0M2020−20%2021: $21.3M$21.3M2021+6%2022: $22.2M$22.2M2022+4%2023: $19.4M$19.4M2023−13%2024: $20.3M$20.3M2024+5%2025: $26.6M$26.6M2025+31%
Gross profit6789105$17.7M in 2025+8% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $16.4M$16.4M20192020: $12.7M$12.7M2020−23%2021: $14.8M$14.8M2021+16%2022: $15.2M$15.2M2022+3%2023: $13.0M$13.0M2023−14%2024: $14.2M$14.2M2024+9%2025: $17.7M$17.7M2025+25%
Operating income6789105$4.5M in 2025−27% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $6.3M$6.3M20192020: $2.8M$2.8M2020−55%2021: $3.8M$3.8M2021+37%2022: $5.0M$5.0M2022+30%2023: $2.7M$2.7M2023−45%2024: $3.6M$3.6M2024+31%2025: $4.5M$4.5M2025+27%
Net income6789105$4.1M in 2025−21% since 2019
0$2.0M$4.0M$6.0M2019: $5.2M$5.2M20192020: $3.3M$3.3M2020−36%2021: $4.9M$4.9M2021+48%2022: $4.3M$4.3M2022−13%2023: $3.1M$3.1M2023−27%2024: $3.6M$3.6M2024+17%2025: $4.1M$4.1M2025+13%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-10-312024-10-31
Net Revenues$26.6M$20.3M
Cost of Revenues$8.9M$6.1M
Gross Profit$17.7M$14.2M
Research & Development$2.4M$2.2M
Selling, General & Administrative$10.7M$8.3M
Total Operating Expenses$13.1M$10.6M
INCOME FROM OPERATIONS$4.5M$3.6M
Other Income$268.1K$88.4K
Interest Income$708.1K$938.8K
Total Other Income$976.2K$1.0M
INCOME BEFORE INCOME TAX EXPENSE$5.5M$4.6M
Current Tax Expense$1.1M$713.7K
Deferred Tax Expense$232.5K$251.6K
Total Income Tax Expense$1.4M$965.3K
NET INCOME$4.1M$3.6M
Basic$0.37$0.33
Diluted$0.37$0.32
Basic11.2M shares11.2M shares
Diluted11.3M shares11.3M shares
Foreign Currency Translation Adjustment$632.2K$931.7K
Total Other Comprehensive Income$632.2K$931.7K
COMPREHENSIVE INCOME$4.8M$4.6M

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Corporate structure

Coda Octopus Group, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Coda Octopus Group, Inc.

  • Bryan Ross Ezralow Filed SCHEDULE 13G/A on Coda Octopus Group, Inc., latest Aug 28, 2026
  • Jonathan Honig Filed SCHEDULE 13G/A on Coda Octopus Group, Inc., latest Apr 7, 2026 (2 filings since Oct 14, 2025)
  • TOCQUEVILLE ASSET MANAGEMENT L.P. Filed SC 13G/A on Coda Octopus Group, Inc., latest Nov 12, 2024 (3 filings since Feb 13, 2023)
  • Touchstone Capital, Inc. Filed SC 13G/A on Coda Octopus Group, Inc., latest Sep 26, 2024 (2 filings since Oct 24, 2023)
  • Bryan Ezralow Filed SC 13G/A on Coda Octopus Group, Inc., latest Feb 9, 2022
  • Sandy Hills BV Filed SC 13G/A on Coda Octopus Group, Inc., latest Jan 25, 2022
  • Coda Octopus Group, Inc. Dover, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Coda Octopus Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$5.9M5 Oct 31, 2025$5.5M5 Oct 31, 2024+8.5%
Property and equipment, net$7.7M5 Oct 31, 2025$7.2M5 Oct 31, 2024+6.0%
Operating-lease assets (leased space)$372.6K5 Oct 31, 2025$413.2K5 Oct 31, 2024−9.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$28.7M5 Oct 31, 2025$22.5M5 Oct 31, 2024+27.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.6M5 Oct 31, 2025$3.6M5 Oct 31, 20240%
Intangible assets, net (excluding goodwill)$3.2M5 Oct 31, 2025$3.7M5 Oct 31, 2024−13.8%
Finite-lived intangibles, gross$5.1M5 Oct 31, 2025$5.1M5 Oct 31, 2024+0.5%
Accumulated amortization-$2.0M5 Oct 31, 2025-$1.4M5 Oct 31, 2024−37.4%
Finite-lived intangibles, net$3.2M5 Oct 31, 2025$3.7M5 Oct 31, 2024−13.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.6M5 Oct 31, 2025$14.0M5 Oct 31, 2024−2.4%
Work in process$565.1K5 Oct 31, 2025$193.1K5 Oct 31, 2024+192.7%
Finished goods$2.4M5 Oct 31, 2025$3.3M5 Oct 31, 2024−26.7%

Properties, in its own words

Orlando, Florida

Our corporate offices are co-located with our subsidiary Coda Octopus Products, Inc. in Orlando. We own these business premises comprising 3,000 square feet, that include office space, a training center and light manufacturing facilities.

The rest of Item 2

Edinburgh, Scotland, UK

Coda Octopus Products Limited (Edinburgh based) operates from two premises together comprising 21,313 square feet of internal space and includes office space, R&D Facilities, a Training Facility, Manufacturing and Warehousing. These premises are owned by Coda Octopus Products Limited.

Copenhagen, Denmark

Coda Octopus Products A/S, a Danish Subsidiary was established as a mitigation strategy in relation to the UK leaving the European Union which has limited trade relations with EU member states. It leases business premises comprising 1,450 square feet for its operations. The lease is subject to 6 months’ notice of termination.

Annual rent is currently DKK 165,763 plus Value Added Tax (being an equivalent of $24,286 per annum) with an annual increase of 3%.

Salt Lake City, Utah, USA

Coda Octopus Engineering, Inc operates from its premises which comprises 16,000 square feet and includes manufacturing, R&D Facilities, and office space. These premises are owned by Coda Octopus Engineering, Inc.

Portland, Dorset, UK

Martech uses premises owned by Coda Octopus Products Limited. These premises are located in the Marine Center in Portland, Dorset, United Kingdom, and comprise 9,890 square feet. The building comprises both office space and manufacturing and testing facilities. The rent paid to Coda Octopus Products Limited is currently $63,568 per annum.

Higher Bockhampton, Dorset, United Kingdom

PAL leases business premises comprising 6,501 square feet used for both office space, manufacturing and testing facilities. The lease is for a fixed period (with no provision for early termination) and expires on March 31, 2033. The annual rent for these premises is currently $61,500 per annum.

All non-US Dollar denominated rents are stated according to prevailing exchange rates as of the date of each respective lease agreement.

Item 2 of the 10-K filed Jan 29, 2026.4

Leadership

Who has led Coda Octopus Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jason Lee Reid2008
  2. Annmarie Gayle2017–2023
  3. Kevin James Kane2021

Chair

  1. Annmarie Gayle2021–2023

President

  1. Jason Lee Reid2007
  2. Anthony Spencer Davis2008
  3. Blair Graeme Cunningham2017–2023

Chief financial officer

  1. Jody Eric Frank2007–2008
  2. Judith Wallace Johnson2010
  3. Michael Midgley2017–2021
  4. Nathan William Parker2022
  5. Gayle Michelle Jardine2023
  6. John C. Price2023
2010201520202025
Board members and other officers (24)

Timeline

  1. Sep 10, 20268-K Shareholder vote48
  2. Jul 6, 20268-K Executive or director change49
  3. Sep 16, 20258-K Shareholder vote50
  4. Jul 18, 20258-K Executive or director change51
  5. May 30, 20258-K Executive or director change52
  6. Nov 15, 20248-K Regulation FD disclosure53
  7. Sep 9, 20248-K Shareholder vote54
  8. May 29, 20248-K Executive or director change55
  9. Apr 15, 20248-K Executive or director change56
  10. Mar 8, 20248-K Executive or director change57
  11. Feb 16, 20248-K Executive or director change58
  12. Sep 13, 20238-K Executive or director change; Shareholder vote59
  13. Jul 16, 2021New chief executive Kevin James Kane becomes CEO14
  14. Apr 18, 2017New chief executive Annmarie Gayle becomes CEO15
  15. Jul 3, 2008New chief executive Jason Lee Reid becomes CEO16
  16. Jul 13, 2004Founded Coda Octopus Group, Inc. is founded2

Filings

102 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 20 major events, 32 insider forms, 10 large holders, 19 other. The latest 20:

  1. Sep 17, 20263 EDGAR
  2. Sep 15, 20263 EDGAR
  3. Sep 14, 202610-Q EDGAR
  4. Sep 10, 20268-K EDGAR
  5. Aug 28, 2026SCHEDULE 13G/A EDGAR
  6. Aug 17, 2026DEF 14A EDGAR
  7. Aug 6, 2026PRE 14A EDGAR
  8. Aug 4, 20263 EDGAR
  9. Jul 6, 20268-K EDGAR
  10. Jun 24, 20264 EDGAR
  11. Jun 15, 202610-Q EDGAR
  12. Apr 20, 20264 EDGAR
  13. Apr 10, 20264 EDGAR
  14. Apr 7, 2026SCHEDULE 13G/A EDGAR
  15. Apr 1, 2026424B3 EDGAR
  16. Mar 30, 2026EFFECT EDGAR
  17. Mar 26, 2026CORRESP EDGAR
  18. Mar 26, 2026UPLOAD EDGAR
  19. Mar 19, 2026S-3 EDGAR
  20. Mar 17, 202610-Q EDGAR

The 102 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 6 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 19, 2026Jardine Gayle MichelleInterim CFOSale2,256$12.59$28.4KForm 4
Mar 11, 2026Emerson John Steven10% ownerSale86,254$14.95$1.3MForm 4
Oct 2, 2025Sondergaard Niels10% ownerSale150,000$8.15$1.2MForm 4
Sep 23, 2025Sondergaard Niels10% ownerSale7,013$8.13$57.0KForm 4
Sep 22, 2025Sondergaard Niels10% ownerSale16,995$8.20$139.4KForm 4
Sep 19, 2025Sondergaard Niels10% ownerSale32,362$8.23$266.3KForm 4
Jan 24, 2025Sondergaard Niels10% ownerBuy10,000Form 4
Oct 6, 2023Sondergaard Niels10% ownerBuy16,500$5.99$98.8KForm 4
Oct 6, 2023Gayle AnnmarieChairman, CEOBuy16,500$5.99$98.8KForm 4
Sep 28, 2023RUNNELS G TYLERDirectorSale105,006$6.03$633.2KForm 4
Sep 28, 2023Gayle AnnmarieChairman, CEOBuy16,580$6.03$100.0KForm 4
Sep 28, 2023Sondergaard Niels10% ownerBuy16,580$6.03$100.0KForm 4
Sep 27, 2023RUNNELS G TYLERDirectorSale144,994$6.03$874.3KForm 4
Sep 27, 2023Emerson John Steven10% ownerBuy150,000$6.03$904.5KForm 4
Apr 21, 2023CUNNINGHAM BLAIR GRAEMEPresident of TechnologySale10,679$8.01$85.5KForm 4
Apr 11, 2023CUNNINGHAM BLAIR GRAEMEPresident of TechnologySale3,000$7.99$24.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Annmarie Gayle62$305.0K$405.0K66
2025Blair Cunningham56$266.5K$303.8K66
2025Gayle Jardine**$107.3K$220.6K66
2024Chief Executive Officer$305.0K$405.0K66
2024President of Technology$225.0K$265.9K66
2024Interim Chief Financial Officer$82.6K$171.6K66
2024Divisional ChiefExecutive Officer$67.6K$91.5K66
2024Chief Financial Officer****$52.2K$78.9K66

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 63. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Essex Investment Management Co LLC322,278$3.1M0.4%+132,638
Marshall Wace, Llp263,186$2.6M0.0%+8,997
Meros Investment Management, LP254,310$2.5M0.8%+230,000
Vanguard Capital Management LLC220,272$2.2M0.0%−43,467
Archon Capital Management LLC140,000$1.4M0.6%No change
Round Rock Advisors LLC117,366$1.1M0.1%No change
Legato Capital Management LLC108,091$1.1M0.1%+49,879
Dimensional Fund Advisors LP108,083$1.1M0.0%+9,229
Renaissance Technologies LLC102,928$1.0M0.0%+81,600
Grandeur Peak Global Advisors, LLC68,683$671.0K0.2%+6,164
Navellier & Associates Inc65,811$643.0K0.1%+19,361
Arrowstreet Capital, Limited Partnership64,363$628.8K0.0%−35,197
BlackRock, Inc.62,824$613.8K0.0%+5,392
Geode Capital Management, LLC60,331$589.6K0.0%−2,711
Victory Capital Management Inc50,422$492.6K0.0%New
RBF Capital, LLC50,000$488.5K0.0%No change
North Star Investment Management Corp.50,000$488.5K0.0%No change
Sei Investments Co49,201$480.7K0.0%−98,285
Two Sigma Investments, LP41,415$404.6K0.0%+16,816
Morgan Stanley35,037$342.3K0.0%+1,532
Occudo Quantitative Strategies LP32,709$319.6K0.0%+15,170
Stifel Financial Corp30,000$293.1K0.0%No change
Vanguard Fiduciary Trust Co28,284$276.3K0.0%+4,744
Jane Street Group, LLC25,272$246.9K0.0%−79,334
Goldman Sachs Group Inc24,676$241.1K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Coda Octopus Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCoda Octopus Group, Inc.1
  • CIK0001334325
  • Employer ID (EIN)34-20083484
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsOctober 311
  • Industry code (SIC)3812 Search, Detection, Navigation, Guidance, Aeronautical Sys1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3300 S Hiawassee Rd.,, Suite 104-105, Orlando, FL 328351
  • Phone801-973-91361
  • Shares outstanding11,283,101 as of Sep 14, 202612
  • Public float$37.1M as of Apr 30, 20254
  • AuditorFrazier & Deeter, LLC, Atlanta, Georgia PCAOB ID 215; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 10, 20071
  • Filings400 in all: 4 (88), 8-K (64), 3 (45), 10-Q (38), SC 13G/A (21), UPLOAD (20), CORRESP (15), 10-K (12)1
    All 40 form types

    DEF 14A (10), PRE 14A (10), EFFECT (7), SC 13G (7), NT 10-K (6), 424B3 (5), NT 10-Q (5), 10-K/A (4), 144 (4), S-3 (4), SB-2/A (4), 10-Q/A (3), 10QSB (3), S-8 (3), 10-12G/A (2), 8-K/A (2), POS AM (2), SCHEDULE 13G/A (2), 10-12G (1), 10KSB (1), 15-12G (1), 3/A (1), 4/A (1), 424A (1), 8-A12B (1), 8-A12G (1), CERTNAS (1), D (1), REGDEX (1), SB-2 (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Jan 29, 2026
    Quarterly report (10-Q) Sep 14, 2026
    Proxy statement (DEF 14A) Aug 17, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
COMMON STOCK, $0.001 PAR VALUE PER SHARE

From the cover page of the 10-K filed Jan 29, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

The opening of Item 3, Legal Proceedings.4

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