OPAL Fuels Inc. (OPAL)
OPAL Fuels Inc. brought in $336M of revenue over the twelve months to September 30, 2026, up 2.1% from a year earlier. Net income was $3.1M, a net margin of 0.9%. In fiscal 2025 capital spending exceeded operating cash flow by $34.2M. At September 30, 2026 it held $86M in cash against $414.7M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about OPAL Fuels Inc.
- Net worth
- OPAL Fuels Inc. has a market value (market cap) of $235M at the latest share price, and shareholders' equity of $38.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $349M (+16.3% year on year), with net income of $4.3M. Over the 12 months to September 30, 2026: revenue $336M, net income $3.1M.
- Cash flow
- In fiscal 2025 operations brought in $36.5M of cash; after $70.7M of capital spending, free cash flow was -$34.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- OPAL Fuels Inc.'s next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What OPAL Fuels Inc. does
OPAL Fuels Inc. is registered with the SEC under industry code SIC 4932 (Gas & Other Services Combined). Its shares trade on NASDAQ under the ticker OPAL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $349M | $4.3M | $0.15 | -$34.2M |
| 2024 | $300M | $561K | $0.02 | -$95.9M |
| 2023 | $256.1M | $18.9M | $0.69 | -$75.6M |
| 2022 | $235.5M | $3.4M | $0.12 | -$132.8M |
| 2021 | $166.1M | -$16.2M | $0.00 | -$70.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where OPAL ranks in Utilities
Latest SEC filings
What OPAL Fuels Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 4.6% to $79.5M versus the same quarter last year; diluted EPS -$0.03 versus -$0.01.
- November 9, 2026
- October 21, 2026
- October 20, 2026
- September 14, 2026
- September 4, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 3.7% to $83.4M versus the same quarter last year; diluted EPS -$0.05 versus -$0.01.
- August 10, 2026
- July 28, 2026
Insider trades
What the people running OPAL Fuels Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $177K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 3, 2026 | Comora AdamCo-Chief Executive Officer | Bought | 20,000 | $41.6K |
| September 1, 2026 | Nisar NadeemDirector | Bought | 10,000 | $19.1K |
| September 1, 2026 | Comora AdamCo-Chief Executive Officer | Bought | 50,000 | $96.5K |
| August 31, 2026 | Nisar NadeemDirector | Bought | 10,000 | $19.8K |
| June 11, 2026 | Sutton Scott McDougaldDirector | Bought | 50,000 | $97.5K |
| June 3, 2026 | Nisar NadeemDirector | Bought | 5,000 | $11.3K |
| June 2, 2026 | Nisar NadeemDirector | Bought | 10,000 | $23.2K |
| May 21, 2026 | Dols Scott V.Director | Bought | 7,946 | $15.9K |
Who owns OPAL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Mark Comora13D, may seek influence with 3 related filers | 84.2% | April 23, 2025 |
Largest institutional holders
Insiders
13 insiders reported holding 2,456,862 shares in total, about $3.3M at the last price.
| Holder | Shares |
|---|---|
| Comora AdamCo-Chief Executive Officer | 509,626 |
| Maurer Jonathan GilbertCo-Chief Executive Officer | 361,825 |
| Nisar NadeemDirector | 267,785 |
| Dols Scott V.Director | 245,672 |
| Unger David CExecutive Vice President | 230,861 |
| Coghlin JohnGeneral Counsel | 146,897 |
| Hasan KaziChief Financial Officer | 140,847 |
| Battle Betsy L.Director | 122,785 |
| Comora Mark SDirector, 10% owner | 122,785 |
| Vemuri AshokDirector | 122,785 |
Questions about OPAL
What does OPAL Fuels Inc. do?
OPAL Fuels Inc. is a company in the Utilities sector, listed on NASDAQ as OPAL. Its shares trade on NASDAQ under the ticker OPAL.
What is OPAL Fuels Inc.'s net worth?
OPAL Fuels Inc. has a market value (market cap) of $235M at the latest share price, and shareholders' equity of $38.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is OPAL Fuels Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.1M on revenue of $336M, a net margin of 0.9%.
How much revenue does OPAL Fuels Inc. make?
Over the twelve months to September 30, 2026 OPAL Fuels Inc. reported revenue of $336M. That is 2.1% more than a year earlier.
When did OPAL Fuels Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is OPAL Fuels Inc.'s next earnings report?
OPAL Fuels Inc.'s next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values OPAL Fuels Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.