5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $327M | $36M | 0.0% | 2.3% | -$34M | $361M | $24M |
| 2024 | $291M | $14M | 0.0% | 7.3% | -$96M | $307M | $24M |
| 2023 | $251M | $127M | 0.0% | 2.8% | -$76M | $209M | $38M |
| 2022 | $231M | $33M | 0.0% | 3.3% | -$133M | $170M | $40M |
| 2021 | $162M | $41M | 0.0% | -3.1% | -$92M | $134M | $39M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $67M | -$6M | 0.0% | -7.2% | -$11M | $457M | $133M |
| Dec '25 | $88M | $16M | 0.0% | 7.5% | -$13M | $361M | $24M |
| Sep '25 | $78M | $11M | 0.0% | 4.6% | -$9M | $351M | $30M |
| Jun '25 | $77M | $8M | 0.0% | -1.1% | -$30M | $332M | $29M |
| Mar '25 | $83M | $1M | 0.0% | -2.3% | $18M | $307M | $40M |
| Dec '24 | $74M | -$5M | 0.0% | -0.5% | -$55M | $307M | $24M |
| Sep '24 | $83M | $17M | 0.0% | 14.9% | -$5M | $253M | $20M |
| Jun '24 | $70M | $2M | 0.0% | 8.1% | -$22M | $233M | $19M |
| Mar '24 | $64M | $677000 | 0.0% | 5.6% | -$13M | $209M | $28M |
| Dec '23 | $85M | $20M | 0.0% | 25.2% | $12M | $209M | $38M |
| Sep '23 | $70M | $227000 | 0.0% | 5.1% | -$23M | $187M | $15M |
| Jun '23 | $54M | $114M | 0.0% | -13.6% | -$30M | $145M | $22M |
| Mar '23 | $42M | -$7M | 0.0% | -25.1% | -$35M | $151M | $33M |
| Dec '22 | $65M | $32M | 0.0% | 12.6% | -$26M | $170M | $40M |
| Sep '22 | $65M | $5M | 0.0% | -3.0% | -$44M | $220M | $25M |
| Jun '22 | $53M | -$342000 | 0.0% | 4.4% | -$32M | — | — |
| Mar '22 | $48M | -$4M | 0.0% | -2.1% | -$31M | — | $559253 |
| Dec '21 | $60M | $22M | 0.0% | 14.3% | -$36M | $134M | $39M |
| Sep '21 | $46M | $773000 | 0.0% | 6.9% | $2M | — | $1M |
How the market has priced OPAL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, OPAL Fuels Inc.'s revenue has grown 19.2% per year, and net income declined 2.8% per year. These are computed facts, not advice.
As of FY2025, OPAL Fuels Inc. reported $361M of total debt against $24M of cash; operating income covered interest expense 0.3×.
In FY2025, gross margin was —, operating margin 2.3%, and net margin 11.1%.
As of Jun '26, OPAL Fuels Inc. traded at a price-to-earnings ratio of about 1.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.