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Opal Fuels Inc. income statement

In fiscal 2025, Opal Fuels Inc. reported revenue of $349m, up 16.3% on the year before, operating income of $7.4m (a 2.1% margin) and net income of $4.3m, or $0.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue166236256300349340
Research and development—65191511
Selling, general and administrative295151536460
Operating income11872172
Interest expense———2228—
Provision for credit losses—010——
Income before tax41331275−16−24
Income tax000−9−53—
Net income031914−0
Diluted EPS$0.00$0.12$0.69$0.02$0.15−$0.01
Diluted shares (average)—26m27m28m29m30m
EBITDA222122393024

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.