OPAL Fuels Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	329.24	299.97	256.11	235.53	166.12	117.71
Revenue Growth (YoY)	7.26%	17.13%	8.74%	41.78%	41.13%	-1.67%
Cost of Revenue	226	199.85	183.9	162.79	115.07	90.17
Gross Profit	103.25	100.12	72.21	72.74	51.06	27.54
Selling, General & Admin	61.38	53.12	51.26	51.39	29.38	20.47
Depreciation & Amortization Expenses	21.98	17.89	14.57	13.14	10.65	8.34
Other Operating Expenses	25.42	34.36	10.39	12.22	-	19.15
Total Operating Expenses	108.77	105.37	76.22	76.74	40.03	47.96
Operating Income	0.47	21.22	7.04	7.56	11.03	-17.84
Interest Expense	-24.96	-19.61	-9.31	-6.64	-7.47	-6.66
Other Non-Operating Income (Expense)	3.06	3.81	129.29	31.66	37.21	-0.88
Total Non-Operating Income (Expense)	-21.9	-15.8	119.98	25.02	29.74	-7.54
Pretax Income	-14.64	5.42	127.02	32.58	40.77	-25.37
Provision for Income Taxes	-40.74	-8.91	-	-	-	-
Net Income	0.68	0.56	18.94	3.39	-	-25.36
Minority Interest in Earnings	3.71	3.29	97.08	21.26	40.56	-0.01
Net Income Attributable to Preferred Dividends	10.47	10.47	11.01	7.93	0.21	-
Net Income to Common	0.68	0.56	18.94	3.39	-	-25.36
Net Income Growth	-86.02%	-97.04%	458.42%	-	-	-
Shares Outstanding (Basic)	28	28	27	26	0	0
Shares Outstanding (Diluted)	29	28	27	26	0	0
Shares Change (YoY)	4.26%	0.73%	5.49%	2640467.17%	0.10%	-
EPS (Basic)	0.02	0.02	0.70	0.13	41908.00	-25718.00
EPS (Diluted)	0.02	0.02	0.69	0.12	41908.00	-25718.00
EPS Growth	-88.89%	-97.10%	475.00%	-100.00%	-	-
Free Cash Flow	-74.19	-94.21	-75.56	-132.77	-70.79	-22.7
Free Cash Flow Per Share	-2.59	-3.40	-2.75	-5.09	-71722.39	-23025.35
Gross Margin	31.36%	33.38%	28.19%	30.88%	30.74%	23.40%
Operating Margin	0.14%	7.07%	2.75%	3.21%	6.64%	-15.15%
Profit Margin	4.51%	4.78%	49.60%	13.83%	24.54%	-21.55%
FCF Margin	-22.53%	-31.40%	-29.50%	-56.37%	-42.61%	-19.29%
EBITDA	22.51	39.79	22.25	21.47	21.68	-9.5
EBITDA Margin	6.84%	13.26%	8.69%	9.12%	13.05%	-8.07%
EBIT	0.47	21.22	7.04	7.56	11.03	-17.84
EBIT Margin	0.14%	7.07%	2.75%	3.21%	6.64%	-15.15%
Effective Tax Rate	278.22%	-164.35%	0.00%	0.00%	0.00%	0.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q