OPAL
OPAL Fuels Inc
NASDAQ: OPAL · UTILITIES · UTILITIES - REGULATED GAS
$2.16
+3.85% today
Updated 2026-04-30
Market cap
$66.79M
P/E ratio
14.67
P/S ratio
0.19x
EPS (TTM)
$0.15
Dividend yield
—
52W range
$2 – $4
Volume
0.2M
OPAL Fuels Inc (OPAL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $119.70M | $117.71M | $166.12M | $235.53M | $256.11M | $299.97M | $348.98M |
| Revenue growth (YoY) | — | -1.7% | +41.1% | +41.8% | +8.7% | +17.1% | +16.3% |
| Cost of revenue | $90.97M | $90.17M | $115.06M | $162.79M | $183.90M | $199.85M | $265.26M |
| Gross profit | $28.73M | $27.54M | $51.06M | $72.74M | $72.21M | $100.12M | $83.81M |
| Gross margin | 24.0% | 23.4% | 30.7% | 30.9% | 28.2% | 33.4% | 24.0% |
| R&D | — | — | — | $6.44M | $4.87M | — | — |
| SG&A | $17.51M | $19.95M | $4.94M | $48.57M | $55.74M | $53.12M | $63.98M |
| Operating income | $814000.00 | $-17.84M | $11.03M | $7.56M | $7.04M | $21.22M | $4.89M |
| Operating margin | 0.7% | -15.2% | 6.6% | 3.2% | 2.7% | 7.1% | 1.4% |
| EBITDA | $8.85M | $7.15M | $58.24M | $53.31M | $150.74M | $40.95M | $28.13M |
| EBITDA margin | 7.4% | 6.1% | 35.1% | 22.6% | 58.9% | 13.7% | 8.1% |
| EBIT | $997000.00 | $-1.19M | $47.59M | $39.53M | $136.05M | $22.82M | $4.89M |
| Interest expense | $6.25M | $4.85M | $6.82M | $6.95M | $10.66M | $21.53M | $27.52M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-5.25M | $-25.36M | $210000.00 | $11.32M | $29.95M | $11.03M | $14.75M |
| Net income growth (YoY) | — | -383.1% | +100.8% | +5291.9% | +164.5% | -63.2% | +33.7% |
| Profit margin | -4.4% | -21.5% | 0.1% | 4.8% | 11.7% | 3.7% | 4.2% |