Filing Flows › Opal Fuels (OPAL) › Q4 2024
Opal Fuels (OPAL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Opal Fuels (OPAL) reported revenue of $80.0M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and -5% from the quarter before. Operating margin was -0.4%, net loss $5.4M (6.7% of revenue).
Opal Fuels, Q4 2024: revenue $80.0M (-8% year over year), operating margin -0.4%, net loss $5.4M, operating cash flow −$532K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.0M | -5% | -8% |
| Operating profit | −$346K | — | — |
| Net earnings | −$5.4M | — | — |
| Operating cash flow | −$532K | — | — |
What changed
Revenue was $80.0M in Q4 2024, down 8% year over year and down 5% from the previous quarter. Fuel Station Services was the largest line at 56% of revenue.
Operating costs exceeded revenue by $346K, an operating margin of -0.4%. Total costs grew 22% against a revenue fall of 8%. The fastest-growing cost line was Research & development (+860%). The quarter ended with a net loss of $5.4M, after a profit of $17.1M the previous quarter. Minority interests bore $4.0M of it: to shareholders the quarter was a loss of $1.3M. Net interest and other expense of $5.0M was the main reason.
Operating cash flow was −$532K. Non-cash charges added back $5.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $54.4M exceeded it, leaving free cash flow of −$55.0M.
Questions
What was Opal Fuels' revenue in the fourth quarter 2024?
Opal Fuels (OPAL) reported revenue of $80.0M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and -5% from the quarter before.
Was Opal Fuels profitable in the fourth quarter 2024?
Operating loss was $346K (-0.4% of revenue) and net loss $5.4M.
Source: Opal Fuels 10-K on SEC EDGAR.