OPAL Fuels (OPAL) Cost of Revenue (2021 - 2026)
OPAL Fuels' (OPAL) quarterly Cost of Revenue came in at $40.4 million in Q2 2026, up 4.21% year-over-year from $38.7 million in Q2 2025, and up 14.05% quarter-over-quarter from $35.4 million in Q1 2026.
Analysis
OPAL Fuels (OPAL) Cost of Revenue (2021 - 2026) Analysis & Trends
OPAL Fuels has disclosed Cost of Revenue across 6 years of filings, most recently posting $40.4 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 4.21% year-over-year to $40.4 million; the TTM figure through Jun 2026 stood at $164.1 million (up 12.39% YoY), while the FY2025 annual figure was $166.8 million, up 29.48% from the prior year.
- Cost of Revenue came in at $40.4 million for Q2 2026 at OPAL Fuels, up from $35.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $48.1 million in Q4 2025 to a low of $506000.0 in Q1 2023.
- Average Cost of Revenue over 5 years is $31.4 million, with a median of $32.7 million recorded in 2023.
- Year-over-year, Cost of Revenue tumbled 97.43% in 2023 and jumped 5895.06% in 2024.
- Over 5 years, Cost of Revenue stood at $24.7 million in 2022, then soared by 44.31% to $35.7 million in 2023, then slipped by 4.89% to $33.9 million in 2024, then soared by 41.78% to $48.1 million in 2025, then slipped by 16.08% to $40.4 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $40.4 million in Q2 2026, $35.4 million in Q1 2026, and $48.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Rex American Resources | 1.41 Bn | 1.03 Bn | 53.30 Mn | 133.60 Mn |
| 2 | Green Plains | 1.08 Bn | 836.45 Mn | 113.03 Mn | 333.19 Mn |
| 3 | Gevo | 373.36 Mn | 315.21 Mn | 19.80 Mn | 19.92 Mn |
| 4 | Clean Energy Fuels | 362.32 Mn | 222.17 Mn | 42.05 Mn | 64.31 Mn |
| 5 | Montauk Renewables | 355.25 Mn | 339.48 Mn | 52.02 Mn | 2.00 Mn |
| 6 | Aemetis | 130.78 Mn | 129.81 Mn | 13.52 Mn | 49.19 Mn |
| 7 | OPAL Fuels | 55.13 Mn | -37.15 Mn | 43.04 Mn | 40.36 Mn |
| 8 | Blue Biofuels | 33.41 Mn | 33.38 Mn | - | - |
| 9 | Verde Clean Fuels | 30.24 Mn | -23.32 Mn | - | - |
| 10 | Clean Vision | 6.33 Mn | 6.33 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.36 Mn |
| Mar 31, 2026 | 35.39 Mn |
| Dec 31, 2025 | 48.10 Mn |
| Sep 30, 2025 | 40.23 Mn |
| Jun 30, 2025 | 38.73 Mn |
| Mar 31, 2025 | 39.72 Mn |
| Dec 31, 2024 | 33.92 Mn |
| Sep 30, 2024 | 33.61 Mn |
| Jun 30, 2024 | 30.94 Mn |
| Mar 31, 2024 | 30.34 Mn |
| Dec 31, 2023 | 35.67 Mn |
| Sep 30, 2023 | 31.89 Mn |
| Jun 30, 2023 | 27.48 Mn |
| Mar 31, 2023 | 506,000.00 |
| Dec 31, 2022 | 24.72 Mn |
| Sep 30, 2022 | 30.84 Mn |
| Jun 30, 2022 | 23.63 Mn |
| Mar 31, 2022 | 19.66 Mn |
| Dec 31, 2021 | 13.06 Mn |
| Sep 30, 2021 | 15.46 Mn |