Financial Statements — OPAL
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.09 | 0.13 | 0.03 | 0.03 | 0.04 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.04 | 0.15 | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | -- | -- | -- | -- | -- |
| Total Current Assets | 0.16 | 0.21 | 0.12 | 0.12 | 0.12 | 0.12 | 0.10 | 0.11 | 0.11 | 0.10 | 0.13 | 0.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.53 | 0.51 | 0.48 | 0.48 | 0.47 | 0.41 | 0.39 | 0.36 | 0.30 | 0.29 | 0.34 | 0.25 | -- | -- | -- | -- | -- |
| Goodwill | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | -- | -- | -- | -- | -- |
| Intangible Assets | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.88 | 0.85 | 0.79 | 0.78 | 0.77 | 0.71 | 0.68 | 0.64 | 0.58 | 0.57 | 0.47 | 0.37 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 |
| Total Assets | 1.04 | 1.06 | 0.92 | 0.91 | 0.88 | 0.83 | 0.78 | 0.75 | 0.69 | 0.67 | 0.61 | 0.66 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.09 | 0.10 | 0.08 | 0.10 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 | 0.12 | 0.13 | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term Debt | 0.44 | 0.46 | 0.35 | 0.33 | 0.31 | 0.25 | 0.23 | 0.21 | 0.19 | 0.14 | 0.15 | 0.22 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.43 | 0.45 | 0.35 | 0.33 | 0.32 | 0.26 | 0.25 | 0.22 | 0.20 | 0.11 | 0.11 | 0.15 | 0.02 | 0.04 | 0.03 | 0.04 | 0.03 |
| Total Liabilities | 0.52 | 0.55 | 0.43 | 0.43 | 0.42 | 0.36 | 0.33 | 0.30 | 0.25 | 0.22 | 0.24 | 0.34 | 0.02 | 0.04 | 0.03 | 0.04 | 0.03 |
| Retained Earnings | 0.04 | 0.02 | 0.02 | (0.01) | 0.07 | (0.17) | (0.26) | (0.37) | (0.84) | (0.75) | (0.81) | (1.07) | (0.02) | (0.04) | (0.03) | (0.03) | (0.02) |
| Total Stockholder Equity | 0.03 | 0.01 | 0.01 | (0.03) | 0.06 | (0.18) | (0.27) | (0.38) | (0.85) | (0.76) | (0.82) | (1.07) | (0.02) | (0.04) | (0.03) | (0.03) | (0.02) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 79.69 | 67.42 | 88.42 | 77.89 | 77.45 | 82.97 | 74.46 | 82.63 | 69.81 | 63.96 | 84.99 | 69.96 | 54.15 | 42.06 | 64.76 | 65.31 | -- | -- | -- | -- |
| Research & Development | 3.30 | 1.82 | 2.84 | 2.54 | 3.48 | 6.08 | 8.59 | 6.80 | 2.94 | 0.79 | 0.89 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 14.27 | 15.18 | 16.18 | 14.38 | 17.46 | 15.97 | 13.57 | 12.69 | 13.70 | 13.16 | 9.53 | 13.59 | 13.66 | 14.47 | 14.01 | 15.75 | 1.73 | 1.39 | 3.67 | 0.75 |
| Operating Income | (3.01) | (4.84) | 6.60 | 3.59 | (0.83) | (1.94) | (0.35) | 12.31 | 5.69 | 3.57 | 22.81 | 1.87 | (6.37) | (11.27) | 6.85 | (1.95) | (1.73) | (1.39) | (3.67) | (0.75) |
| Pretax Income | (8.88) | (11.30) | (0.27) | (3.18) | (6.13) | (6.75) | (5.37) | 8.20 | 1.91 | 0.68 | 20.09 | 0.23 | 114.05 | (7.35) | 32.02 | 5.37 | -- | -- | -- | -- |
| Tax Provision | (4.74) | (5.71) | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- |
| Net Income | (4.15) | (5.59) | 16.18 | 11.39 | 7.56 | 1.28 | (5.37) | 17.11 | 1.91 | 0.68 | 20.09 | 0.23 | 114.05 | (7.35) | 32.02 | 19.36 | 3.29 | 3.89 | (12.47) | 8.21 |
| Basic EPS | (0.05) | (0.09) | 0.08 | 0.05 | 0.03 | (0.01) | (0.05) | 0.09 | (0.01) | (0.01) | 0.11 | (0.01) | 0.66 | (0.06) | 0.17 | (0.04) | -- | -- | -- | -- |
| Diluted EPS | (0.05) | (0.09) | 0.08 | 0.05 | 0.03 | (0.01) | (0.05) | 0.09 | (0.01) | (0.01) | 0.10 | (0.01) | 0.66 | (0.06) | 0.18 | (0.06) | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 10.76 | 12.92 | (3.52) | 18.21 | (7.87) | 29.68 | 1.12 | 17.67 | 0.53 | 13.72 | 33.44 | (2.96) | 3.62 | 4.17 | 20.93 | (21.70) | (0.34) | (0.25) | (0.28) | (0.07) |
| Capital Expenditures | 28.31 | 24.37 | 9.85 | 27.48 | 21.84 | 11.57 | 54.43 | 23.06 | 22.99 | 26.75 | 21.58 | 20.24 | 33.23 | 38.78 | 46.46 | 29.79 | -- | -- | -- | -- |
| Free Cash Flow* | (17.55) | (11.45) | (13.37) | (9.27) | (29.72) | 18.11 | (53.32) | (5.40) | (22.46) | (13.03) | 11.87 | (23.20) | (29.61) | (34.61) | (25.53) | (51.49) | -- | -- | -- | -- |
| Investing Cash Flow | (39.07) | (19.38) | (7.39) | (33.91) | (26.75) | (9.28) | (48.00) | (32.47) | (32.45) | (21.63) | (29.23) | (16.74) | (19.29) | (8.89) | 34.90 | (218.93) | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | (13.47) | 115.12 | 6.59 | 16.47 | 23.23 | (4.73) | 51.92 | 16.55 | 21.67 | (6.64) | 21.44 | 14.16 | 2.98 | (32.68) | (49.97) | 270.52 | 0.00 | 0.00 | 0.00 | 0.00 |
* Derived from reported values
