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

OPAL Fuels (OPAL) Research & Development (2023 - 2026)

OPAL Fuels' (OPAL) quarterly Research & Development came in at $3.3 million in Q2 2026, down 5.06% year-over-year from $3.5 million in Q2 2025, and up 81.87% quarter-over-quarter from $1.8 million in Q1 2026.

Analysis

OPAL Fuels (OPAL) Research & Development (2023 - 2026) Analysis & Trends

OPAL Fuels has disclosed Research & Development across 4 years of filings, most recently posting $3.3 million for Q2 2026.

  • In Q2 2026, Research & Development fell 5.06% year-over-year to $3.3 million; the TTM figure through Jun 2026 stood at $10.5 million (down 57.91% YoY), while the FY2025 annual figure was $14.9 million, down 21.81% from the prior year.
  • Research & Development came in at $3.3 million for Q2 2026 at OPAL Fuels, up from $1.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $8.6 million in Q4 2024 to a low of $785000.0 in Q1 2024.
  • Average Research & Development over 4 years is $3.1 million, with a median of $2.7 million recorded in 2025.
  • Year-over-year, Research & Development surged 860.4% in 2024 and plunged 70.15% in 2026.
  • Over 4 years, Research & Development stood at $894000.0 in 2023, then surged by 860.4% to $8.6 million in 2024, then tumbled by 66.91% to $2.8 million in 2025, then increased by 16.19% to $3.3 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $3.3 million in Q2 2026, $1.8 million in Q1 2026, and $2.8 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Rex American Resources 1.41 Bn 1.03 Bn 53.30 Mn -
2 Green Plains 1.08 Bn 836.45 Mn 113.03 Mn -
3 Gevo 373.36 Mn 315.21 Mn 19.80 Mn 440,000.00
4 Clean Energy Fuels 362.32 Mn 222.17 Mn 42.05 Mn -
5 Montauk Renewables 355.25 Mn 339.48 Mn 52.02 Mn -
6 Aemetis 130.78 Mn 129.81 Mn 13.52 Mn -
7 OPAL Fuels 55.13 Mn -37.15 Mn 43.04 Mn 3.30 Mn
8 Blue Biofuels 33.41 Mn 33.38 Mn - 431,198.00
9 Verde Clean Fuels 30.24 Mn -23.32 Mn - 165,000.00
10 Clean Vision 6.33 Mn 6.33 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 3.30 Mn
Mar 31, 2026 1.82 Mn
Dec 31, 2025 2.84 Mn
Sep 30, 2025 2.54 Mn
Jun 30, 2025 3.48 Mn
Mar 31, 2025 6.08 Mn
Dec 31, 2024 8.59 Mn
Sep 30, 2024 6.80 Mn
Jun 30, 2024 2.94 Mn
Mar 31, 2024 785,000.00
Dec 31, 2023 894,000.00
Sep 30, 2023 974,000.00
Jun 30, 2023 1.12 Mn
Mar 31, 2023 1.88 Mn