$OPAL Balance Sheet | Understand Stock

$OPAL

$1.54 +$0.01 (0.65%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of USD, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
Assets:
Current assets:
Cash
Prepaid expenses
Cash and cash equivalents
Primary Beneficiary
Total cash and cash equivalents
Accounts receivable, net of allowances of $806 and $469, respectively
Nonrelated Party
Related Party
Primary Beneficiary
Total accounts receivable, net of allowances of $806 and $469, respectively
Accounts receivable, related party
Restricted cash - current
Primary Beneficiary
Total restricted cash - current
Short term investments
Primary Beneficiary
Total short term investments

Fuel tax credits receivable
Contract assets
Parts inventory
Primary Beneficiary
Total parts inventory
Convertible note receivable
Environmental credits held for sale
Primary Beneficiary
Total environmental credits held for sale
RNG inventory
Prepaid expense and other current assets
Primary Beneficiary
Total prepaid expense and other current assets
Derivative financial assets, current portion
Primary Beneficiary
Total current assets

Capital spares
Property, plant, and equipment, net (includes $50,099 and $27,794 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs)
Primary Beneficiary
Total property, plant, and equipment, net (includes $50,099 and $27,794 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs)
Property, plant, and equipment, net
Primary Beneficiary
Total property, plant, and equipment, net
Operating right-of use assets
Investments in other entities
Note receivable
Note receivable - variable fee component
Derivative financial assets, non-current portion
Deferred financing costs
Net investment in sales-type lease
Restricted cash - non-current
Primary Beneficiary
Total restricted cash - non-current
Goodwill
Other long-term assets
Primary Beneficiary
Total other long-term assets
Investments held in Trust Account
Intangible assets, net
Primary Beneficiary
Total assets

Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accrued expenses
Primary Beneficiary
Total accrued expenses

Due to related party
Accounts payable
Nonrelated Party
Related Party
Primary Beneficiary
Total accounts payable
Accounts payable, related party (includes $279 and $433 at March 31, 2023 and December 31, 2022, respectively, related to consolidated VIEs)
Primary Beneficiary
Total accounts payable, related party (includes $279 and $433 at March 31, 2023 and December 31, 2022, respectively, related to consolidated VIEs)
Fuel tax credits payable
Accrued payroll (includes $39 and $45 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs)
Primary Beneficiary
Total accrued payroll (includes $39 and $45 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs)
Accrued capital expenses
Primary Beneficiary
Total accrued capital expenses
Accrued and payable capital expenditures
Accrued environmental credit rebates
Contract liabilities
Senior Secured Credit Facility - term loan, current portion, net of debt issuance costs
Senior Secured Credit Facility, term loan
Senior Secured Credit Facility, working capital facility
Loan, current portion
Primary Beneficiary
Total loan, current portion
Convertible Note Payable
Municipality Loan
Derivative financial liability, current portion
Operating lease liabilities - current portion
Other current liabilities (includes $— and $92 at December 31, 2024 and December 31, 2023, respectively, related to consolidated VIEs)
Primary Beneficiary
Total other current liabilities (includes $— and $92 at December 31, 2024 and December 31, 2023, respectively, related to consolidated VIEs)
Asset retirement obligation, current portion
Sunoma Loan - current portion (includes $1,861 and $1,756 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs)
Primary Beneficiary
Total sunoma Loan - current portion (includes $1,861 and $1,756 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs)
Accrued expenses and other current liabilities
Primary Beneficiary
Total accrued expenses and other current liabilities
Primary Beneficiary
Total current liabilities

Deferred legal fees
Deferred underwriting commissions
Asset retirement obligation, non-current portion
OPAL Term Loan, net of debt issuance costs
Convertible Note Payable
Loans, net of debt issuance costs
Primary Beneficiary
Total loans, net of debt issuance costs
Municipality loan
Operating lease liabilities - non-current portion
Earn out liabilities
Derivative liabilities - non-current portion
Other long-term liabilities
Primary Beneficiary
Total other long-term liabilities
Liabilities
Primary Beneficiary
Total liabilities
Redeemable non-controlling interests
Redeemable preferred non-controlling interests
Redeemable non-controlling interests
Common Class A
Total redeemable non-controlling interests

Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Stockholders' equity (deficit)
Common stock
Common Class A
Common Class B
Common Class C
Common Class D
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Class A common stock in treasury, at cost; 1,635,783 as of June 30, 2026 and December 31, 2025
Stockholders' equity (deficit) attributable to the Company
Primary Beneficiary
Total stockholders' equity (deficit) attributable to the Company
Non-redeemable non-controlling interests
Primary Beneficiary
Total non-redeemable non-controlling interests
Primary Beneficiary
Total stockholders' equity (deficit)
Liabilities, redeemable preferred, redeemable non-controlling interests and stockholders' equity (deficit)
Primary Beneficiary
Total liabilities, redeemable preferred, redeemable non-controlling interests and stockholders' equity (deficit)

Common stock, par value (in dollars per share)

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