Opal Fuels Inc Class A (OPAL) financials
Opal Fuels revenue and earnings by year
Opal Fuels's revenue was $349 million in the fiscal year to December 31, 2025, up 16.3% from the year before. Net income was $14.8 million, 4.2% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 19.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 349 | 300 | 256 | 236 | 166 | 118 | 120 |
| Revenue growth | 16.3% | 17.1% | 8.7% | 41.8% | 41.1% | -1.7% | — |
| Gross profit | 106 | 100 | 72 | 73 | 51 | 28 | 29 |
| Gross margin | 30.4% | 33.4% | 28.2% | 30.9% | 30.7% | 23.4% | 24.0% |
| Operating income | 5 | 8 | 2 | 2 | 11 | -18 | 5 |
| Operating margin | 1.4% | 2.7% | 0.6% | 0.8% | 6.6% | -15.2% | 4.1% |
| Net income | 15 | 11 | 30 | 11 | 0 | -25 | -5 |
| Net margin | 4.2% | 3.7% | 11.7% | 4.8% | 0.1% | -21.5% | -4.4% |
| Diluted EPS | $0.15 | $0.02 | $0.69 | $0.12 | — | — | — |
| Free cash flow | -31 | -95 | -76 | -133 | -71 | -23 | 2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open OPAL in Markets.
See also: OPAL valuation and P/E history · OPAL returns
No forecast, no recommendation. This page describes Opal Fuels Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.