FY2025 · ended Dec 31, 2025 · Revenue $326.72M, +12.3% YoY · Filed Mar 16, 2026
Opal Fuels Inc (OPAL) files with the SEC under industry code 4932, Gas & Other Services Combined. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $326.7 million and net income of $36.4 million. Free cash flow was -$34.2 million. As of Jun 30, 2026 it held $91.4 million in cash and investments and $440.1 million in total debt.
Revenue (TTM)
$313.42M
-1.3% vs year-ago TTM
Net income (TTM)
$17.83M
-13.4% vs year-ago TTM
Operating cash flow (TTM)
$38.37M
-1.5% vs year-ago TTM
Free cash flow (TTM)
$-51.64M
+28.2% vs year-ago TTM
EPS (TTM)
$-0.01
-125.6% vs year-ago TTM
Dividend per share
None
Shares outstanding
170.07M
Net cash
$-348.74M
as of Jun 30, 2026
Operating margin
0.7%
FY 2026
Company profile
- Industry
- Gas & Other Services Combined (SIC 4932)
- Listed as
- OPAL (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- Boston, MA
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1842279
- Former names
- ArcLight Clean Transition Corp. II (until Jul 21, 2022)
Other Gas & Other Services Combined companies
- Sempra SRE
- Ugi Corp /PA/ UGI
- Montauk Renewables, Inc. MNTK
- Clean Energy Fuels Corp. CLNE
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $326.7M | $290.9M | $251.1M | $230.7M |
| Operating income | $7.4M | $21.2M | $7.0M | $7.6M |
| Net income | $36.4M | $14.3M | $127.0M | $32.6M |
| Diluted EPS | $0.15 | $0.02 | $0.69 | $0.12 |
| Operating cash flow | $36.5M | $31.4M | $38.3M | -$1.4M |
| Free cash flow | -$34.2M | -$95.9M | -$75.6M | -$132.8M |
| Total assets | $959.5M | $881.1M | $754.6M | $644.9M |
| Total liabilities | $461.7M | $416.0M | $297.1M | $267.0M |
| Stockholders' equity | -$12.9M | -$148.4M | -$478.8M | -$800.6M |
| Cash and investments | $24.4M | $24.3M | $48.2M | $105.4M |
| Total debt | $377.4M | $320.4M | $221.5M | $183.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Oct 21, 2026 | Oct 19, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 20, 2026 | Oct 20, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Jul 28, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 22, 2026 | Jun 17, 2026 |
All 489 Opal Fuels Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.