Opera Ltd cash flow statement

In fiscal 2025, Opera Ltd's operations generated $118m of cash; it spent $5.5m on capital projects, leaving free cash flow of $112m. It returned $71.2m in dividends.

Cash flow statement

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

Opera Ltd: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	12	34	−44	93	27	57	83	105	118
Depreciation and amortisation	17	13	19	20	20	14	13	16	19
Stock-based pay	7	6	5	5	10	9	15	9	—
Capital spending	4	3	9	2	1	3	2	23	6
Free cash flow	8	31	−53	91	26	53	81	82	112
Free cash flow after stock pay	1	25	−58	86	16	44	66	73	—
Dividends paid	—	—	—	—	0	0	23	37	71
Share buybacks	—	5	6	49	1	146	33	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Opera Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Opera Ltd.