OPAL (OPAL) revenue breakdown
By segment, Fuel Station services is the largest at 61% of fiscal 2025 revenue, growing 44% a year over 4 years.
By product, Environmental credits is the largest at 61% of fiscal 2024 revenue, growing 47% a year over 3 years.
Revenue by segment
Fiscal years, as OPAL reports them in its 10-K filings; fiscal 2025 total $349M.
| Segments | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Fuel Station services | $50M | $117M | $135M | $167M | $215M | 61% |
| RNG Fuel Supply | $70M | $73M | $66M | $88M | $102M | 29% |
| Renewable Power Segment | — | — | $55M | $45M | $33M | 9% |
| Renewable Power Segment | $45M | $45M | — | — | — | — |
Revenue by product
Fiscal years, as OPAL reports them in its 10-K filings; fiscal 2024 total $291M.
| Products | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|
| Environmental credits | $56M | $87M | $127M | $176M | 61% |
| Third party construction | $33M | $49M | $49M | $40M | 14% |
| Renewable power sales | $40M | $34M | $34M | $26M | 9% |
| Brown gas sales | $12M | $38M | $20M | $22M | 8% |
| Service | $17M | $16M | $17M | $22M | 7% |
| Parts sales | $755,000 | $4M | $5M | $4M | 1% |
| Other | $56,000 | $328,000 | $632,000 | $1M | 0% |
| Operating agreements | $3M | $893,000 | — | — | — |
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Where does OPAL make its money?
In fiscal 2025, by segment: Fuel Station services $215M, RNG Fuel Supply $102M, Renewable Power Segment $33M.
From OPAL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.