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Opal Fuels (OPAL) R&D spending by quarter

Opal Fuels' R&D spending was $3.3M in Q2 2026 (second quarter 2026), +82% from Q1 2026. Over the last 7 quarters it ranged from $1.8M (Q1 2026) to $8.6M (Q4 2024).

Opal Fuels R&D spending by quarterOpal Fuels R&D spending by quarter$8.6MQ4 2024$6.1MQ1 2025$3.5MQ2 2025$2.5MQ3 2025$2.8MQ4 2025$1.8MQ1 2026$3.3MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$3.3M+82%-5%
Q1 2026$1.8M-36%-70%
Q4 2025$2.8M+12%-67%
Q3 2025$2.5M-27%—
Q2 2025$3.5M-43%—
Q1 2025$6.1M-29%—
Q4 2024$8.6M——

Q2 2026 at a glance

Opal Fuels, Q2 2026: revenue $83.4M (+4% year over year), operating margin -3.6%, net loss $4.1M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.

Questions

What is Opal Fuels' R&D spending?

Opal Fuels' R&D spending was $3.3M in Q2 2026 (second quarter 2026), +82% from Q1 2026.

How has Opal Fuels' R&D spending changed?

Over the last 7 quarters it ranged from $1.8M (Q1 2026) to $8.6M (Q4 2024).

Q2 2026 results → · How Opal Fuels makes money →