OPAL Fuels (OPAL) Revenue & Revenue Breakdown
OPAL Fuels Revenue Highlights
Latest Revenue (Y)
$299.97M
Latest Revenue (Q)
$83.36M
Main Segment (Y)
Environmental Credits
Main Geography (Y)
Non-US
OPAL Fuels Revenue by Period
OPAL Fuels Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-12-31 | $299.97M | 17.13% |
| 2023-12-31 | $256.11M | 8.74% |
| 2022-12-31 | $235.53M | 41.78% |
| 2021-12-31 | $166.12M | 41.13% |
| 2020-12-31 | $117.71M | -1.67% |
| 2019-12-31 | $119.70M | - |
OPAL Fuels generated $299.97M in revenue during NA 2024, up 17.13% compared to the previous quarter, and up 250.60% compared to the same period a year ago.
OPAL Fuels Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2025-09-30 | $83.36M | 3.61% |
| 2025-06-30 | $80.46M | -5.80% |
| 2025-03-31 | $85.41M | 6.73% |
| 2024-12-31 | $80.02M | -4.79% |
| 2024-09-30 | $84.05M | 18.46% |
| 2024-06-30 | $70.95M | 9.23% |
| 2024-03-31 | $64.95M | -25.35% |
| 2023-12-31 | $87.01M | 22.37% |
| 2023-09-30 | $71.10M | 29.18% |
| 2023-06-30 | $55.04M | 28.13% |
| 2023-03-31 | $42.96M | -35.61% |
| 2022-12-31 | $66.72M | 0.25% |
| 2022-09-30 | $66.55M | 25.05% |
| 2022-06-30 | $53.22M | 8.50% |
| 2022-03-31 | $49.05M | -19.80% |
| 2021-12-31 | $61.16M | 29.61% |
| 2021-09-30 | $47.18M | 100.00% |
| 2021-06-30 | - | -100.00% |
| 2021-03-31 | $24.22M | -28.30% |
| 2020-12-31 | $33.78M | - |
OPAL Fuels generated $83.36M in revenue during Q3 2025, up 3.61% compared to the previous quarter, and up 117.49% compared to the same period a year ago.
OPAL Fuels Revenue Breakdown
OPAL Fuels Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 24 | Dec 23 | Dec 22 |
|---|---|---|---|
| Parts | $3.77M | $4.68M | $4.39M |
| Service | $21.81M | $16.71M | $16.45M |
| Product and Service, Other | $1.17M | $632.00K | $328.00K |
| Environmental Credits | $176.06M | $126.57M | $86.90M |
OPAL Fuels's latest annual revenue breakdown by segment (product or service), as of Dec 24: Environmental Credits (86.81%), Service (10.75%), Parts (1.86%), and Product and Service, Other (0.58%).
Quarterly Revenue by Product
| Product/Service | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 |
|---|---|---|---|---|---|---|---|---|---|
| Environmental Credits | $41.57M | $44.69M | $55.18M | $89.90M | $50.48M | $35.68M | $108.88M | $17.69M | - |
| Electricity | $6.46M | $5.89M | - | - | - | - | - | - | - |
| Other Products And Services | $545.00K | $424.00K | $277.00K | $275.00K | - | - | - | - | - |
| Service | $6.93M | $6.31M | $6.61M | $10.73M | $5.74M | $5.33M | $12.71M | $4.00M | - |
| Parts | - | $336.00K | $544.00K | $2.60M | $775.00K | $397.00K | $2.90M | $629.00K | $1.15M |
| Product and Service, Other | - | - | - | $826.00K | $341.00K | - | - | - | - |
| Electricity Sales | - | - | - | - | - | - | - | $8.93M | - |
OPAL Fuels's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Environmental Credits (74.90%), Service (12.48%), Electricity (11.63%), and Other Products And Services (0.98%).
OPAL Fuels Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 24 | Dec 23 |
|---|---|---|
| Non-US | $16.29M | $16.32M |
OPAL Fuels's latest annual revenue breakdown by geography, as of Dec 24: Non-US (100.00%).
Quarterly Revenue by Country
| Country | Dec 24 | Sep 24 | Mar 24 |
|---|---|---|---|
| Non-US | $7.52M | $5.15M | $3.62M |
OPAL Fuels's latest quarterly revenue breakdown by geography, as of Dec 24: Non-US (100.00%).
OPAL Fuels Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| OPAL | OPAL Fuels | $299.97M | $83.36M |
| RGCO | RGC Resources | $95.33M | $17.26M |
| SUUN | PowerBank | $13.88M | $17.77M |
| ADN | Advent Technologies | $4.86M | $62.00K |
| HTOO | Fusion Fuel Green | $4.02M | - |
| BNRG | Brenmiller Energy | $621.00K | $20.50K |
| WAVE | Eco Wave Power Global AB (publ) | $306.56K | - |
| RAIN | Rain Enhancement Technologies Holdco | - | - |
| VGAS | Verde Clean Fuels | - | - |