← OPAL Fuels Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Revenues: | $166.1m | $235.5m | $256.1m | $300.0m | $349.0m | $336.9m | |
| Cost of sales | $115.1m |
$172.0m
+49.52%
|
$183.9m
+6.89%
|
$199.9m
+8.67%
|
$242.8m
+21.49%
|
$238.0m
-1.97%
|
|
| Selling, general and administrative | $29.4m | $48.6m | $51.3m | $53.1m | $64.0m | $63.2m | |
| Total operating expenses | $155.1m | $233.8m | $249.1m | $278.8m | $341.6m | $334.0m | |
| Operating income | ($4.9m) |
$1.8m
+135.98%
|
$7.0m
+295.73%
|
$21.2m
+201.45%
|
$7.4m
-65.06%
|
$2.9m
-60.60%
|
|
| Interest income | — | — | — | $1.9m | $1.2m | $1.6m | |
| Income from equity method investments | $2.3m | $5.8m | ($5.5m) | ($13.2m) | ($2.6m) | — | |
| Other income | $0 | $1.9m | $124.5m | $2.2m | $2.5m | — | |
| Total other expenses | — | — | — | ($15.8m) | ($23.7m) | — | |
| Net (loss) income before income tax benefit | $40.8m | $32.6m | $127.0m | $5.4m | ($16.3m) | — | |
| Income tax benefit | $0 | $0 | $0 | $8.9m | $52.7m | — | |
| Net income | $40.8m |
$32.6m
-20.09%
|
$127.0m
+289.90%
|
$14.3m
-88.72%
|
$36.4m
+154.18%
|
$1.9m
-94.85%
|
|
| Net income attributable to redeemable non-controlling interest | $41.4m | $22.4m | $97.4m | $2.9m | $21.3m | — | |
| Net income attributable to non-redeemable non-controlling interest | ($804k) | ($1.2m) | ($349k) | $443k | $330k | — | |
| Net income attributable to Class A common stockholders | $0 | $3.4m | $18.9m | $561k | $4.3m | $1.9m | |
| Basic (in shares) | $0 | $0 | $1 | $0 | $0 | $28.3m | |
| Diluted (in shares) | $0 | $0 | $1 | $0 | $0 | $29.4m | |
| Project development and start up costs | — | $6.4m | $4.9m | $19.1m | $14.9m | — | |
| Depreciation, amortization, and accretion | $10.7m | $13.1m | $14.6m | $17.9m | $22.5m | $22.1m | |
| Impairment loss | — | — | $0 | $2.0m | $0 | — | |
| Interest and financing expense | — | — | — | ($21.5m) | ($27.5m) | — | |
| Dividends on redeemable preferred non-controlling interests | $210k | $7.9m | $11.0m | $10.5m | $10.5m | — |