OPAL Fuels financials
$1.77−1.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 |
|---|---|---|---|---|
| Revenue | $349.0M | $300.0M | $256.1M | $235.5M |
| Gross profit | $106.2M | $100.1M | $72.2M | $72.7M |
| Gross margin | 30.4% | 33.4% | 28.2% | 30.9% |
| Operating income | $4.8M | $8.0M | $1.5M | $1.8M |
| Net income | $4.3M | $561.0K | $18.9M | $3.4M |
| Net margin | 1.2% | 0.2% | 7.4% | 1.4% |
| Diluted EPS | $0.15 | $0.02 | $0.69 | $0.12 |
| EBITDA | $27.3M | $27.9M | $15.6M | $15.6M |
| Operating cash flow | $36.5M | $31.4M | $45.2M | -$1.4M |
| Free cash flow | -$34.2M | -$95.9M | -$68.7M | -$132.8M |
| Diluted shares | 29.3M | 27.7M | 27.5M | 26.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|
| Cash & equivalents | $24.4M | $24.3M | $38.3M | $40.4M |
| Short-term investments | $0.00 | $0.00 | $9.9M | $65.0M |
| Total debt | $352.1M | $297.6M | $198.2M | $167.8M |
| Total assets | $959.5M | $881.1M | $754.6M | $644.9M |
| Total liabilities | $461.7M | $416.0M | $297.1M | $267.0M |
| Shareholders' equity | -$10.1M | -$147.8M | -$477.9M | -$774.2M |
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