OPAL Fuels (OPAL) Financial Statements
Price: $1.92
Market Cap: $54.58M
Avg Volume: 145.01K
Market Cap: $54.58M
Avg Volume: 145.01K
Country: US
Industry: Regulated Gas
Sector: Utilities
Industry: Regulated Gas
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of OPAL Fuels.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $299.97M | $256.11M | $235.53M | $166.12M | $117.71M | $119.70M |
| Cost of Revenue | $199.85M | $183.90M | $172.05M | $115.06M | $90.17M | $90.97M |
| Gross Profit | $100.12M | $72.21M | $63.48M | $51.06M | $27.54M | $28.73M |
| Gross Profit Ratio | 33.38% | 28.19% | 26.95% | 30.70% | 23.40% | 24.00% |
| Research and Development Expenses | $- | $4.87M | $6.44M | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $19.95M | $17.51M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $528.00K | $281.00K |
| Selling General and Administrative Expenses | $53.12M | $51.26M | $48.57M | $29.38M | $20.47M | $17.80M |
| Other Expenses | $25.77M | $9.04M | $13.14M | $10.65M | $8.34M | $8.03M |
| Operating Expenses | $78.90M | $65.17M | $61.70M | $40.03M | $28.81M | $25.83M |
| Cost and Expenses | $278.75M | $249.07M | $233.75M | $155.10M | $118.98M | $116.80M |
| Interest Income | $-2.20M | $2.93M | $3.28M | $769.00K | $15.00K | $5.00K |
| Interest Expense | $17.41M | $10.66M | $6.64M | $6.82M | $4.85M | $6.25M |
| Depreciation and Amortization | $18.13M | $15.21M | $13.91M | $10.65M | $8.15M | $7.85M |
| EBITDA | $40.95M | $152.89M | $53.12M | $21.68M | $-12.19M | $9.03M |
| EBITDA Ratio | 13.65% | 59.70% | 9.89% | 13.72% | 4.06% | 7.24% |
| Operating Income | $21.22M | $7.04M | $9.51M | $11.03M | $-3.37M | $814.00K |
| Operating Income Ratio | 7.07% | 2.75% | 4.04% | 6.64% | -2.86% | 0.68% |
| Total Other Income Expenses Net | $-15.80M | $119.98M | $25.02M | $29.74M | $-7.54M | $-6.06M |
| Income Before Tax | $5.42M | $127.02M | $32.58M | $40.27M | $-25.37M | $-5.25M |
| Income Before Tax Ratio | 1.81% | 49.60% | 13.83% | 24.24% | -21.55% | -4.39% |
| Income Tax Expense | $4.86M | $- | $29.19M | $8.35M | $4.55M | $5.94M |
| Net Income | $11.03M | $29.95M | $3.39M | $31.91M | $-29.92M | $-11.19M |
| Net Income Ratio | 3.68% | 11.69% | 1.44% | 19.21% | -25.42% | -9.34% |
| EPS | $0.40 | $0.70 | $0.13 | $0.22 | $-1.19 | $-0.44 |
| EPS Diluted | $0.40 | $0.69 | $0.13 | $0.22 | $-1.19 | $-0.44 |
| Weighted Average Shares Outstanding | 27.62M | 27.15M | 25.77M | 144.40M | 25.17M | 25.17M |
| Weighted Average Shares Outstanding Diluted | 27.69M | 27.49M | 26.06M | 144.40M | 25.17M | 25.17M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $24.31M | $38.35M | $40.39M | $39.31M | $12.82M | $10.86M |
| Short Term Investments | $- | $9.88M | $64.98M | $- | $- | $- |
| Cash and Short Term Investments | $24.31M | $48.22M | $105.37M | $39.31M | $12.82M | $10.86M |
| Net Receivables | $32.01M | $58.45M | $57.42M | $36.27M | $27.53M | $26.30M |
| Inventory | $10.29M | $10.19M | $7.31M | $5.14M | $4.24M | $3.79M |
| Other Current Assets | $50.57M | $11.21M | $41.88M | $6.25M | $6.61M | $7.00M |
| Total Current Assets | $117.19M | $128.07M | $211.98M | $86.97M | $51.20M | $47.95M |
| Property Plant Equipment Net | $470.99M | $351.79M | $309.07M | $169.77M | $79.49M | $76.90M |
| Goodwill | $54.61M | $54.61M | $54.61M | $54.61M | $3.45M | $3.45M |
| Intangible Assets | $1.33M | $1.60M | $2.17M | $2.86M | $3.44M | $4.55M |
| Goodwill and Intangible Assets | $55.94M | $56.21M | $56.77M | $57.47M | $6.89M | $8.00M |
| Long Term Investments | $- | $207.10M | $51.77M | $47.15M | $25.57M | $26.90M |
| Tax Assets | $- | $- | $- | $13.23M | $719.00K | $- |
| Other Non-Current Assets | $236.96M | $11.43M | $15.27M | $6.25M | $5.58M | $5.96M |
| Total Non-Current Assets | $763.89M | $626.54M | $432.87M | $293.87M | $118.25M | $117.76M |
| Other Assets | $- | $- | $- | $- | $- | $- |
| Total Assets | $881.08M | $754.61M | $644.86M | $380.84M | $169.46M | $165.71M |
| Account Payables | $16.42M | $13.90M | $17.65M | $12.58M | $6.74M | $7.94M |
| Short Term Debt | $780.00K | $2.25M | $80.10M | $95.02M | $12.22M | $23.69M |
| Tax Payables | $4.42M | $4.56M | $3.32M | $1.98M | $1.95M | $1.98M |
| Deferred Revenue | $- | $6.31M | $8.01M | $9.79M | $4.68M | $1.98M |
| Other Current Liabilities | $-17.20M | $49.37M | $43.83M | $22.75M | $21.95M | $14.61M |
| Total Current Liabilities | $4.42M | $76.39M | $152.91M | $142.12M | $42.86M | $52.17M |
| Long Term Debt | $297.16M | $208.37M | $100.38M | $134.08M | $91.60M | $89.12M |
| Deferred Revenue Non-Current | $- | $- | $- | $3.97M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $-3.97M | $- | $- |
| Other Non-Current Liabilities | $15.29M | $12.37M | $13.75M | $5.72M | $4.54M | $4.62M |
| Total Non-Current Liabilities | $312.45M | $220.73M | $114.13M | $143.77M | $96.14M | $93.74M |
| Other Liabilities | $99.17M | $- | $- | $- | $- | $- |
| Total Liabilities | $416.05M | $297.12M | $267.04M | $285.89M | $139.00M | $145.91M |
| Preferred Stock | $- | $- | $138.14M | $30.21M | $- | $- |
| Common Stock | $- | $17.00K | $17.00K | $14.00K | $49.17M | $22.55M |
| Retained Earnings | $-137.00M | $-467.19M | $-800.81M | $- | $-25.40M | $-2.74M |
| Accumulated Other Comprehensive Income Loss | $- | $-15.00K | $195.00K | $- | $- | $-0 |
| Other Total Stockholders Equity | $-11.45M | $-11.61M | $- | $-30.21M | $25.40M | $0 |
| Total Stockholders Equity | $-148.45M | $-478.81M | $-662.46M | $30.22M | $-25.40M | $19.81M |
| Total Equity | $465.03M | $457.49M | $377.82M | $94.96M | $-18.71M | $19.81M |
| Total Liabilities and Stockholders Equity | $881.08M | $754.61M | $644.86M | $380.84M | $145.68M | $165.71M |
| Minority Interest | $613.48M | $936.29M | $1.04B | $64.73M | $6.68M | $- |
| Total Liabilities and Total Equity | $881.08M | $754.61M | $644.86M | $380.84M | $145.68M | $165.71M |
| Total Investments | $223.59M | $216.97M | $116.74M | $47.15M | $25.57M | $26.90M |
| Total Debt | $310.56M | $210.61M | $179.65M | $229.10M | $100.78M | $114.79M |
| Net Debt | $286.25M | $172.26M | $139.26M | $189.79M | $87.96M | $103.93M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $14.32M | $29.95M | $32.58M | $40.77M | $-25.37M | $-5.25M |
| Depreciation and Amortization | $18.13M | $15.21M | $13.79M | $10.08M | $8.15M | $7.85M |
| Deferred Income Tax | $- | $- | $- | $-17.94M | $18.30M | $1.25M |
| Stock Based Compensation | $6.45M | $5.90M | $1.47M | $639.00K | $510.00K | $315.00K |
| Change in Working Capital | $-9.18M | $7.46M | $-14.28M | $832.00K | $1.22M | $-845.00K |
| Accounts Receivables | $-4.47M | $-4.53M | $-18.61M | $-2.94M | $-1.17M | $10.65M |
| Inventory | $-103.00K | $-2.88M | $-2.59M | $-744.00K | $-486.00K | $-505.00K |
| Accounts Payables | $2.52M | $7.91M | $11.32M | $1.15M | $-463.00K | $-6.67M |
| Other Working Capital | $-7.12M | $6.96M | $-4.40M | $3.37M | $3.33M | $-4.33M |
| Other Non Cash Items | $3.31M | $-20.25M | $-34.91M | $-15.52M | $-522.00K | $1.01M |
| Net Cash Provided by Operating Activities | $33.03M | $38.27M | $-1.35M | $18.86M | $2.29M | $4.34M |
| Investments in Property Plant and Equipment | $-127.24M | $-113.83M | $-131.41M | $-89.65M | $-24.94M | $-5.51M |
| Acquisitions Net | $- | $-20.26M | $23.14M | $-20.80M | $- | $-27.79M |
| Purchases of Investments | $- | $- | $-64.98M | $-1.57M | $- | $- |
| Sales Maturities of Investments | $9.88M | $55.10M | $-23.14M | $1.98M | $- | $- |
| Other Investing Activities | $- | $4.84M | $12.36M | $-7.16M | $2.76M | $3.46M |
| Net Cash Used for Investing Activities | $-117.36M | $-74.15M | $-184.03M | $-117.20M | $-22.18M | $-29.85M |
| Debt Repayment | $98.38M | $36.36M | $-33.12M | $70.40M | $-1.13M | $-5.00M |
| Common Stock Issued | $170.00K | $366.00K | $30.59M | $- | $- | $- |
| Common Stock Repurchased | $- | $-16.39M | $- | $- | $- | $- |
| Dividends Paid | $-13.09M | $- | $- | $-3.69M | $-852.00K | $-404.00K |
| Other Financing Activities | $-1.96M | $-14.43M | $253.67M | $58.31M | $23.44M | $30.06M |
| Net Cash Used Provided by Financing Activities | $83.50M | $5.90M | $220.55M | $125.01M | $21.45M | $24.65M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-18.01M | $-29.98M | $35.17M | $26.67M | $1.56M | $-857.00K |
| Cash at End of Period | $29.23M | $47.24M | $77.22M | $42.05M | $15.39M | $13.83M |
| Cash at Beginning of Period | $47.24M | $77.22M | $42.05M | $15.39M | $13.83M | $14.68M |
| Operating Cash Flow | $33.03M | $38.27M | $-1.35M | $18.86M | $2.29M | $4.34M |
| Capital Expenditure | $-127.24M | $-113.83M | $-131.41M | $-89.65M | $-24.94M | $-5.51M |
| Free Cash Flow | $-94.21M | $-75.56M | $-132.76M | $-70.79M | $-22.65M | $-1.17M |