OPAL Fuels Inc. (OPAL) — Financial statements
Income statement, balance sheet, and cash flow for OPAL Fuels Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 349↑16.4% | 300↑17.1% | 256↑8.7% | 236↑41.8% | 166 | |
| Cost of Revenue | 265↑32.7% | 200↑8.7% | 184↑13.0% | 163↑41.5% | 115 | |
| Gross Profit | 84↓16.3% | 100↑38.7% | 72↓0.7% | 73↑42.5% | 51 | |
| Operating Expenses | ||||||
| R&D Expenses | 15 | 0.00↓100.0% | 5↓24.4% | 6 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 64↑20.4% | 53↑3.6% | 51↓0.2% | 51↑74.9% | 29 | |
| Other Expenses | 0.00↓100.0% | 26↑185.1% | 9↑23.0% | 7↓31.0% | 11 | |
| Operating Expenses | 79↑0.0% | 79↑21.1% | 65↓0.0% | 65↑62.8% | 40 | |
| Total Costs & Expenses | 344↑23.5% | 279↑11.9% | 249↑9.3% | 228↑47.0% | 155 | |
| Operating Results | ||||||
| Operating Income | 5↓77.0% | 21↑201.4% | 7↓6.9% | 8↓31.4% | 11 | |
| Depreciation & Amortization | 23↑28.2% | 18↑23.4% | 15↑6.5% | 14↑29.4% | 11 | |
| EBITDA | 28↓31.3% | 41↓72.8% | 151↑182.8% | 53↓8.5% | 58 | |
| EBIT | 5↓78.6% | 23↓83.2% | 136↑244.2% | 40↓16.9% | 48 | |
| Interest & Other Income | ||||||
| Net Interest Income | -26↓34.0% | -20↓153.8% | -8↓110.5% | -4↑33.8% | -6 | |
| Interest Income | 1↓35.1% | 2↓34.5% | 3↓10.5% | 3↑158.3% | 1 | |
| Interest Expense | 28↑27.8% | 22↑102.0% | 11↑53.4% | 7↑1.9% | 7 | |
| Non-Operating Income | 0.00↑100.0% | -2↑98.8% | -129↓303.6% | -32 | 0.00 | |
| Other Income / Expenses | -21↓34.3% | -16↓113.2% | 120↑379.6% | 25↓15.9% | 30 | |
| Income Before Tax | -16↓401.4% | 5↓95.7% | 127↑289.9% | 33↓20.1% | 41 | |
| Income Tax Expense | -53↓492.3% | -9 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 36↑154.2% | 14↓88.7% | 127↑289.9% | 33↓20.1% | 41 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 15↑33.7% | 11↓63.2% | 30↑164.5% | 11↑5291.9% | 0.21 | |
| Bottom-Line Net Income | 4↑663.5% | 0.56↓97.0% | 19↑458.4% | 3↓91.8% | 42 | |
| EPS (Basic) | 0.15↑638.9% | 0.02↓97.1% | 0.70↑438.5% | 0.13↓92.1% | 1.64 | |
| EPS (Diluted) | 0.15↑638.9% | 0.02↓97.1% | 0.69↑430.8% | 0.13↓92.1% | 1.64 | |
| Weighted Average Shares | 28↑1.9% | 28↑1.7% | 27↑5.3% | 26↑2.4% | 25 | |
| Weighted Average Diluted Shares | 29↑5.6% | 28↑0.7% | 27↑5.5% | 26↑3.5% | 25 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.