State Ledger
Company profile

OPAL Fuels Inc. CIK 1842279

Ticker
OPAL (Nasdaq)
Industry
Gas & Other Services Combined
Headquarters
Boston, MA 02116
Fiscal year end
2025 (FY)
Market Data
Close
$1.67
Change
-$0.05
Change %
-2.91%
Volume
2,783

OPAL · trading date Oct 12, 2026 · previous close $1.72 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$348.98M
Net income
$4.28M
Total assets
$959.47M
Total liabilities
$461.71M
Stockholders' equity
-$12.93M
Cash & equivalents
$24.41M
Operating income
$7.41M
Operating cash flow
$36.50M
Capital expenditures
$70.74M

Fiscal year 2025, via 10-K filed 2026-03-16. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
2.1%
Net margin
1.2%
Free cash flow
-$34.24M
Free cash flow margin
-9.8%
Liabilities / assets
48.1%
Equity / assets
-1.3%
CapEx / revenue
20.3%
Operating cash flow / net income
8.52×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $348.98M $4.28M $959.47M $461.71M -$12.93M
2024 $299.97M $561.0K $881.08M $416.05M -$148.45M
2023 $256.11M $18.94M $754.61M $297.12M -$478.81M
2022 $235.53M $3.39M $644.86M $267.04M -$800.60M
2021 $166.12M -$16.19M $380.84M $285.89M $14.0K
Company Details
SIC code
4932
Active filer
Yes
Most recent SEC filing
Form EFFECT
2026-09-17
Financials filed via
Form 10-K
filed 2026-03-16

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Boston, MA 02116
200 CLARENDON STREET, 55TH FLOOR
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:35 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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