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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |