OPAL Fuels (OPAL) Cost of Revenue (2021 - 2026)
OPAL Fuels (OPAL) posted Cost of Revenue of $35.4 million for Q1 2026, down 73.07% sequentially from $131.4 million in Q4 2025, and up 191.2% YoY from $12.2 million in Q1 2025.
OPAL Fuels (OPAL) Cost of Revenue (2021 - 2026) Analysis & Trends
OPAL Fuels has reported Cost of Revenue for 6 years, with the latest figure at $35.4 million in Q1 2026.
- Quarterly Cost of Revenue rose 191.2% year-over-year to $35.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $217.3 million (up 424.36% YoY) and the FY2025 annual result came in at $166.8 million, up 332.61% from the prior year.
- Cost of Revenue fell to $35.4 million in Q1 2026 per OPAL's latest filing, from $131.4 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $131.4 million in Q4 2025 and troughed at $506000.0 in Q1 2023.
- A 5-year average of $25.6 million and a median of $11.8 million in 2025 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue slumped 93.98% in 2023, then surged 1729.64% in 2024.
- Over 5 years, Cost of Revenue stood at $12.5 million in 2022, then surged by 594.9% to $87.1 million in 2023, then plunged by 85.5% to $12.6 million in 2024, then surged by 941.42% to $131.4 million in 2025, then tumbled by 73.07% to $35.4 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $35.4 million, $131.4 million, and $11.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.05 Bn | 28.52 Bn | - | - |
| 2 | Nisource | 20.20 Bn | 20.13 Bn | 867.50 Mn | 474.90 Mn |
| 3 | Ugi | 8.24 Bn | 7.77 Bn | 573.00 Mn | 758.00 Mn |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 105.57 Mn |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | - |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 139.63 Mn |
| 7 | Mdu Resources | 4.33 Bn | 4.28 Bn | - | - |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 51.70 Mn |
| 9 | Centuri Holdings | 2.24 Bn | 2.19 Bn | 69.14 Mn | 892.84 Mn |
| 10 | OPAL Fuels | 64.62 Mn | -27.66 Mn | 43.04 Mn | 40.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.36 Mn |
| Jun 30, 2026 | 40.36 Mn |
| Mar 31, 2026 | 35.39 Mn |
| Mar 31, 2026 | 35.39 Mn |
| Dec 31, 2025 | 131.44 Mn |
| Dec 31, 2025 | 131.44 Mn |
| Sep 30, 2025 | 11.77 Mn |
| Sep 30, 2025 | 11.77 Mn |
| Jun 30, 2025 | 38.73 Mn |
| Jun 30, 2025 | 38.73 Mn |
| Mar 31, 2025 | 12.15 Mn |
| Mar 31, 2025 | 12.15 Mn |
| Dec 31, 2024 | 12.62 Mn |
| Dec 31, 2024 | 12.62 Mn |
| Sep 30, 2024 | 7.77 Mn |
| Sep 30, 2024 | 7.77 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Mar 31, 2024 | 9.26 Mn |
| Mar 31, 2024 | 9.26 Mn |