OPAL Fuels OPAL
NASDAQ OPAL
$1.85 -0.07 (-3.64%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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