OPAL · XBRL financial data

OPAL Fuels financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (OPAL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	166,124	235,531	256,108	299,972	348,975
Revenue from contracts with customers	162,048	230,657	251,149	290,856	326,717
Research and development	—	6,438	4,866	19,109	14,942
Selling, general and administrative	29,380	48,569	51,262	53,124	63,982
General and administrative	4,945	—	—	—	—
Operating income (loss)	(4,945)	1,779	7,040	21,222	7,414
Interest expense	—	—	—	21,531	27,521
Other income (expense)	(11,250)	1,943	124,472	2,211	—
Income tax expense (benefit)	0	0	0	(8,906)	(52,746)
Net income (loss)	(16,195)	—	—	—	—
Earnings per share, basic USD per share	0.00	0.13	0.70	0.02	0.15
Earnings per share, diluted USD per share	0.00	0.12	0.69	0.02	0.15
Weighted average shares, basic thousands of shares	0	25,774	27,149	27,617	28,138
Weighted average shares, diluted thousands of shares	0	26,062	27,494	27,695	29,252

Fiscal years (OPAL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	812	40,394	38,348	24,310	24,408
Short-term investments	0	64,976	9,875	0	—
Accounts receivable	25,391	31,083	27,623	46,535	61,806
Prepaid and other current assets	5,482	7,625	6,005	11,051	16,018
Total current assets	1,513	211,983	128,073	117,188	122,682
Property and equipment, net	169,770	—	—	—	—
Right-of-use asset	—	11,744	12,301	12,731	13,057
Goodwill	54,608	54,608	54,608	54,608	54,608
Total assets	312,849	644,856	754,609	881,077	959,469
Accounts payable	19	—	—	—	—
Accrued liabilities	94	—	—	—	—
Total current liabilities	113	152,905	76,391	103,596	104,219
Long-term debt	134,083	88,312	196,542	285,003	—
Lease liability, non-current	—	11,245	11,824	12,155	12,537
Total liabilities	40,766	267,037	297,124	416,045	461,712
Accumulated deficit	(39,081)	(800,813)	(467,195)	(137,004)	(1,307)
Total stockholders' equity	(39,081)	(800,601)	(478,807)	(148,449)	(12,930)
Total liabilities and equity	312,849	644,856	754,609	881,077	959,469

Fiscal years (OPAL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(16,195)	—	—	—	—
Stock-based compensation	639	1,469	5,904	6,452	6,499
Net cash from operating activities	(1,945)	(1,355)	38,269	33,033	36,498
Purchases of property and equipment	89,646	131,410	113,826	127,239	70,739
Net cash from investing activities	(311,163)	(184,028)	(74,147)	(134,551)	(77,320)
Proceeds from issuing common stock	—	0	366	170	0
Net cash from financing activities	313,919	220,550	5,899	83,504	41,560
Net change in cash	26,666	35,167	(29,979)	(18,014)	—

SIC 4932 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4932 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
OPAL Fuels	91,363	83,399	10,761*	not reported	—	Q2 FY26 10-QJun 30, 2026
Montauk Renewables	15,757	54,020	14,599*	142.3M	—	Q2 FY26 10-QJun 30, 2026
Via Renewables	50,591	159,029	9,392	not reported	—	Q1 FY26 10-QMar 31, 2026
GridAI Technologies	1,380	86	(1,505)*	7.1M	0.9 quarters	Q2 FY26 10-Q/AJun 30, 2026
Allete	78,700	375,000	103,400*	58.1M	—	Q3 FY25 10-QSep 30, 2025

Not investment advice. Not affiliated with the U.S. SEC.