Financials in USD. Standardized financial statements.
A compact view of how OPAL Fuels Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $349.07M | $299.97M | $256.11M | $235.53M | $166.12M | $117.71M | $119.70M |
| Revenue Growth? | +16.4% | +17.1% | +8.7% | +41.8% | +41.1% | -1.7% | 0.0% |
| Cost of Revenue? | $265.26M | $199.85M | $183.90M | $162.79M | $115.06M | $90.17M | $90.97M |
| Gross Profit? | $83.81M | $100.12M | $72.21M | $72.74M | $51.06M | $27.54M | $28.73M |
| Gross Margin? | +24.0% | +33.4% | +28.2% | +30.9% | +30.7% | +23.4% | +24.0% |
| Operating Expenses? | $78.92M | $78.90M | $65.17M | $65.18M | $40.03M | $45.37M | $25.83M |
| Operating Income? | $4.89M | $21.22M | $7.04M | $7.56M | $11.03M | -$17.84M | $814,000 |
| EBITDA? | $28.13M | $40.95M | $150.74M | $53.31M | $58.24M | $7.15M | $8.85M |
| Income Before Tax | -$16.34M | $5.42M | $127.02M | $32.58M | $40.77M | -$25.37M | -$5.25M |
| Income Tax Expense | -$52.75M | -$8.91M | $0 | $0 | $0 | $0 | $0 |
| Net Income? | $14.75M | $11.03M | $29.95M | $11.32M | $210,000 | -$25.36M | -$5.25M |
| EPS? | $0.15 | $0.02 | $0.70 | $0.13 | $1.64 | $-1.01 | $-0.44 |
| Diluted EPS? | $0.15 | $0.02 | $0.69 | $0.13 | $1.64 | $-1.01 | $-0.44 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality