Coda Octopus Group Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Coda Octopus Group Inc (CODA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Marine Technology Business Products | $15.8M 74.1% | $14.7M 66.3% · -6.8% | $12.1M 62.6% · -17.7% | $12.8M 63.0% · +5.7% | $13.2M 49.8% · +3.2% |
| Defense Engineering Services Business Services | – | – | – | $7.5M 37.0% | $7.9M 29.9% · +5.6% |
| Acoustic Sensors and Materials Business ("PAL") | – | – | – | – | $5.4M 20.4% |
| Marine Engineering Business Services | $5.5M 25.9% | $7.5M 33.7% · +35.7% | $7.2M 37.4% · -3.6% | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Americas | $5.6M 26.4% | $10.2M 46.1% · +82.0% | $9.1M 47.1% · -11.0% | $7.3M 35.9% · -20.0% | $8.9M 33.6% · +22.6% |
| Europe | $9.0M 42.0% | $4.5M 20.1% · -50.2% | $4.6M 23.8% · +3.4% | $6.4M 31.7% · +39.5% | $8.2M 30.9% · +27.5% |
| Australia/Asia | $5.9M 27.5% | $5.7M 25.8% · -2.4% | $4.6M 23.8% · -19.5% | $5.5M 27.0% · +18.8% | $7.9M 29.6% · +43.6% |
| Middle East/Africa | $878.7K 4.1% | $1.8M 8.1% · +105.5% | $1.0M 5.3% · -43.4% | $1.1M 5.5% · +9.6% | $1.6M 5.9% · +39.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Equipment Sales | $12.3M 57.8% | $10.3M 46.4% · -16.4% | $9.4M 48.5% · -9.0% | $8.4M 41.4% · -10.5% | $14.4M 54.2% · +71.5% |
| Engineering Parts | $3.2M 15.2% | $3.5M 15.9% · +9.0% | $4.1M 21.1% · +15.4% | $5.5M 27.2% · +35.4% | $6.4M 23.9% · +15.2% |
| Service | – | – | – | $3.2M 15.7% | $3.5M 13.2% · +10.0% |
| Equipment Rentals | $2.3M 10.9% | $1.8M 8.3% · -20.6% | $1.3M 6.5% · -31.4% | $2.3M 11.5% · +84.1% | $1.5M 5.6% · -36.3% |
| Software Sales | $670.0K 3.1% | $1.0M 4.6% · +51.5% | $852.0K 4.4% · -16.1% | $878.5K 4.3% · +3.1% | $811.9K 3.1% · -7.6% |
| Services | $2.8M 12.9% | $5.5M 24.8% · +99.9% | $3.8M 19.5% · -31.7% | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 28, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.