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

OPAL Fuels' (OPAL) quarterly Research & Development came in at $1.8 million in Q1 2026, down 70.15% year-on-year from $6.1 million in Q1 2025, and down 36.11% quarter-over-quarter from $2.8 million in Q4 2025.

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

OPAL Fuels has disclosed Research & Development across 4 years of filings, most recently posting $1.8 million for Q1 2026.

  • Research & Development for Q1 2026 came in at $1.8 million, down 70.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.7 million (down 56.25% YoY), and the FY2025 annual result was $14.9 million, down 21.81% from the prior year.
  • Research & Development came in at $1.8 million for Q1 2026 at OPAL Fuels, down from $2.8 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.
  • The 4-year median for Research & Development is $2.5 million (2025), against an average of $3.1 million.
  • Across the five-year window, Research & Development jumped 860.4% in 2024 and sank 70.15% in 2026, its largest moves.
  • OPAL Fuels' Research & Development stood at $894000.0 in 2023, then surged by 860.4% to $8.6 million in 2024, then sank by 66.91% to $2.8 million in 2025, then sank by 36.11% to $1.8 million in 2026.
  • The last three Research & Development figures came in at $1.8 million (Q1 2026), $2.8 million (Q4 2025), and $2.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - -
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn -
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn -
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn -
5 Black Hills 5.49 Bn 5.46 Bn - -
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn -
7 Mdu Resources 4.39 Bn 4.33 Bn - -
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn -
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn -
10 OPAL Fuels 59.29 Mn -64.67 Mn 37.99 Mn 1.82 Mn

Historic Data

Download Data
DateValue
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