OPAL Fuels financials
$1.77−1.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.4M | $73.4M | $99.8M | $83.4M | $80.5M | $85.4M | $80.0M | $84.0M | $71.0M | $65.0M | $87.0M | $71.1M |
| Gross profit | $24.5M | $19.5M | $30.6M | $25.4M | $23.4M | $26.8M | $27.6M | $32.7M | $22.8M | $17.0M | $33.4M | $19.9M |
| Gross margin | 29.3% | 26.6% | 30.6% | 30.5% | 29.1% | 31.3% | 34.5% | 38.9% | 32.1% | 26.2% | 38.4% | 27.9% |
| Operating income | -$2.4M | -$3.1M | $5.8M | $3.0M | -$2.8M | -$1.2M | -$1.8M | $8.5M | $1.9M | -$636.0K | $17.3M | $1.9M |
| Net income | -$1.5M | -$2.6M | $2.3M | $1.4M | $800.0K | -$235.0K | -$1.3M | $2.4M | -$153.0K | -$316.0K | $3.0M | -$400.0K |
| Net margin | −1.8% | −3.6% | 2.3% | 1.7% | 1.0% | −0.3% | −1.7% | 2.8% | −0.2% | −0.5% | 3.4% | −0.6% |
| Diluted EPS | $-0.05 | $-0.09 | $0.07 | $0.05 | $0.03 | $-0.01 | $-0.05 | $0.09 | $-0.01 | $-0.01 | $0.11 | $-0.01 |
| EBITDA | $6.9M | $2.5M | $11.5M | $8.7M | $2.5M | $4.7M | $5.5M | $13.5M | $6.0M | $2.9M | $20.7M | $5.5M |
| Operating cash flow | $10.8M | $12.9M | -$3.5M | $18.2M | -$7.9M | $29.7M | -$532.0K | $17.7M | $533.0K | $13.7M | $40.3M | -$3.0M |
| Free cash flow | -$17.6M | -$11.5M | -$13.4M | -$9.3M | -$29.7M | $18.1M | -$55.0M | -$5.4M | -$22.5M | -$13.0M | $18.8M | -$23.2M |
| Diluted shares | 29.6M | 28.3M | 30.5M | 29.6M | 29.2M | 27.7M | 28.0M | 27.7M | 27.7M | 27.4M | 28.4M | 27.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $91.4M | $133.2M | $24.4M | $29.9M | $29.3M | $40.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $431.7M | $447.2M | $352.1M | $341.6M | $321.3M | $296.4M |
| Total assets | $1.04B | $1.06B | $959.5M | $916.7M | $905.5M | $884.9M |
| Total liabilities | $523.9M | $548.7M | $461.7M | $434.0M | $432.3M | $420.5M |
| Shareholders' equity | $37.9M | $18.4M | -$10.1M | $10.3M | -$22.3M | $57.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology