Opera (OPRA) financial statements
Opera reported revenue of $615M in fiscal 2025, up 21.6% a year over 8 years.
Net income was $108M and the operating margin 14.7%, against 7.9% in 2017.
Free cash flow was $112M, and the company returned $71M in dividends.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Opera's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $129M | $161M | $177M | $165M | $251M | $331M | $397M | $481M | $615M |
| Cost of revenue | $4M | $20M | $208,000 | $700,000 | $6M | $47M | $86M | — | — |
| Gross profit | $125M | $141M | $177M | $164M | $245M | $284M | $311M | — | — |
| Research and development | $23M | $26M | $34M | $39M | $44M | $44M | $46M | $54M | $60M |
| Operating income | $10M | $44M | -$536,000 | -$2M | -$6M | $42M | $63M | $92M | $90M |
| Interest expense | $238,000 | $182,000 | $562,000 | $447,000 | $316,000 | $282,000 | $369,000 | $530,000 | $610,000 |
| Pre-tax income | $8M | $41M | $43M | $38M | -$43M | $24M | $160M | $98M | $125M |
| Income tax | $1M | $6M | $3M | $75,000 | $43,000 | $9M | $7M | $18M | $17M |
| Net income | $6M | $35M | $58M | $179M | -$44M | $15M | $153M | $81M | $108M |
| EPS (diluted) | $0.06 | $0.34 | $1.02 | $3.02 | -$0.76 | $0.14 | $1.69 | $0.90 | $1.19 |
| Diluted shares | 95M | 101M | 115M | 119M | 115M | 110M | 91M | 90M | 91M |
| Gross margin | 96.9% | 87.6% | 99.9% | 99.6% | 97.8% | 85.9% | 78.4% | — | — |
| Operating margin | 7.9% | 27.5% | -0.3% | -1.5% | -2.5% | 12.6% | 15.8% | 19.2% | 14.7% |
| Net margin | 4.7% | 21.8% | 32.7% | 108.6% | -17.5% | 4.5% | 38.6% | 16.8% | 17.6% |
Balance sheet
Fiscal years, from Opera's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $33M | $178M | $139M | $134M | $103M | $52M | $347M | $127M | $155M |
| Receivables | $31M | $37M | $49M | $29M | $44M | $58M | $69M | $93M | $113M |
| Inventory | — | — | $8M | — | — | — | — | — | — |
| Total current assets | $74M | $238M | $418M | $184M | $541M | $340M | $208M | $232M | $279M |
| Property, plant and equipment | $13M | $12M | $26M | $18M | $12M | $15M | $16M | $34M | $33M |
| Goodwill | $422M | $422M | $422M | $425M | $430M | $429M | $430M | $430M | $430M |
| Total assets | $636M | $825M | $1.1B | $1.1B | $1.1B | $965M | $1.0B | $1.1B | $1.1B |
| Total current liabilities | $37M | $34M | $129M | $45M | $71M | $64M | $81M | $101M | $119M |
| Long-term debt | $4M | $2M | $9M | $4M | $2M | $5M | $7M | — | — |
| Total liabilities | $53M | $50M | $148M | $61M | $79M | $76M | $91M | $115M | $133M |
| Shareholders' equity | $584M | $775M | $912M | $1.0B | $1.0B | $888M | $920M | $940M | $1.0B |
| Net debt | -$27M | -$173M | -$83M | -$125M | -$89M | -$45M | -$83M | -$127M | -$155M |
Cash flow
Fiscal years, from Opera's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $34M | -$44M | $93M | $27M | $57M | $83M | $105M | $118M |
| Capital spending | $4M | $3M | $9M | $5M | $1M | $3M | $2M | $23M | $6M |
| Free cash flow | $8M | $31M | -$53M | $89M | $26M | $53M | $81M | $82M | $112M |
| Stock-based compensation | $7M | $6M | $5M | $5M | $10M | $9M | $15M | $9M | — |
| Dividends paid | — | $0 | — | — | $0 | $0 | $23M | $37M | $71M |
| Share buybacks (net) | — | -$5M | -$6M | -$49M | -$749,000 | -$146M | -$33M | $0 | $0 |
| Net borrowing | -$4M | -$2M | $42M | -$46M | -$499,000 | -$378,000 | -$161,000 | $0 | $0 |
| Free cash flow margin | 6.3% | 19.3% | -30.1% | 53.7% | 10.2% | 16.2% | 20.3% | 17.0% | 18.2% |
| Dividends per share | — | — | — | — | — | — | $0.25 | $0.42 | $0.78 |
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Open OPRA in InvestinglyQuestions
What was Opera's revenue in 2025?
$615M in fiscal 2025, from its 10-K filing.
How much free cash flow does Opera generate?
$112M in fiscal 2025 (operating cash flow minus capital spending).
From Opera's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.