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Opal Fuels Inc. balance sheet

At the end of fiscal 2025, Opal Fuels Inc. had total assets of $959m, total liabilities of $462m and shareholders' equity of −$12.9m. It held $24.4m in cash against $361m of debt: net debt of $337m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents394038242491
Receivables253128476238
Total current assets87212128117123163
Goodwill555555555555
Total assets3816457558819591,040
Accounts payable0—————
Deferred revenue (current)1086963
Total current liabilities1421537410410490
Long-term debt13488197285361440
Total debt134170209307361440
Total liabilities286267297416462524
Shareholders' equity0−801−479−148−1326
Non-controlling interests and other (assets − liabilities − equity)951,178936613511490
Net debt (negative = net cash)95130171283337349

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

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Figures from Opal Fuels Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Opal Fuels Inc.