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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›OPAL›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

OPAL Fuels Inc. (OPAL) financials

Income statement

OPAL Fuels Inc. (OPAL) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$162M$231M$251M$291M$327M
Revenue growth—42.3%8.9%15.8%12.3%
Operating income$11.0M$7.56M$7.04M$21.2M$7.41M
Operating margin6.8%3.3%2.8%7.3%2.3%
Net income$40.8M$32.6M$127M$14.3M$36.4M
Net margin25.2%14.1%50.6%4.9%11.1%
EPS (diluted)$0.00$0.12$0.69$0.02$0.15

Cash flow

OPAL Fuels Inc. (OPAL) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow$18.9M-$1.35M$38.3M$31.4M$36.5M
Capital expenditures$89.6M$131M$114M$127M$70.7M
Free cash flow-$70.8M-$133M-$75.6M-$95.9M-$34.2M

Balance sheet

OPAL Fuels Inc. (OPAL) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$39.3M$40.4M$38.3M$24.3M$24.4M
Total assets$381M$645M$755M$881M$959M
Total liabilities$286M$267M$297M$416M$462M
Long-term debt$134M$170M$209M$307M$361M
Shareholders' equity$14.0K-$801M-$479M-$148M-$12.9M
Retained earnings$0.00-$801M-$467M-$137M-$1.31M
Shares (wtd avg diluted)—26.1M27.5M27.7M29.3M

Every figure is extracted from OPAL Fuels Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is OPAL Fuels Inc.'s annual revenue?
OPAL Fuels Inc. (OPAL) reported $327M of revenue for fiscal year 2025 — up 12.3% from $291M in FY2024, per its annual report filed with the SEC.
Is OPAL Fuels Inc. profitable?
Yes — OPAL earned $36.4M of net income in FY2025, a 11.1% net margin, per SEC filings.
What is OPAL Fuels Inc.'s free cash flow?
-$34.2M in FY2025 (operating cash flow $36.5M minus $70.7M of capital expenditures), from the SEC cash-flow statement.
Does OPAL pay a dividend?
OPAL Fuels Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full OPAL analysis — verdict, score & filings →Is OPAL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.