What is OPAL Fuels Inc.'s net debt?

OPAL Fuels Inc. (OPAL) reported net debt of $338.57M in Q1 2026.

How has OPAL Fuels Inc.'s net debt changed year-over-year?

OPAL Fuels Inc.'s net debt increased by 33.4% year-over-year, from $253.87M to $338.57M.

What is the long-term trend for OPAL Fuels Inc.'s net debt?

Over 4 years (2021 to 2025), OPAL Fuels Inc.'s net debt has grown at a -35.9% compound annual growth rate (CAGR), from $72.35M to -$12.2M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

OPAL Fuels Inc. OPAL Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$73.4M-14.1%

Operating income-$4.8M-149%

Net income-$5.6M-536%

EPS (diluted)-$0.09-800%

Balance sheet

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Cash & equivalents$137.0M+205%

Total debt$475.5M+59.2%

Total equity$8.2M-85.6%

Total assets$1.1B+19.9%

Cash flow

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Operating cash flow$12.9M-56.5%

CapEx$24.4M+111%

Free cash flow-$11.5M-163%

Valuation

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Market cap$66.79M-15.3%

Enterprise value$405.35M+10.5%

P/E2.3×—

P/S0.2×0.0×

Profitability

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Operating margin1.3%-3.7pp

Net margin8.8%—

FCF margin-18.9%-1.1pp

Returns & leverage

See full

Return on equity90.4%—

Debt / equity57.9×+52.6×

Current ratio2.2×+1.1×

Where this comes from

Calculated from OPAL Fuels Inc.’s reported figures.

$475.5Mtotal debt−$137.0Mcash and equivalents=$338.57M

The official record: OPAL Fuels Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OPAL Fuels Inc.'s net debt?: OPAL Fuels Inc. (OPAL) reported net debt of $338.57M in Q1 2026.
How has OPAL Fuels Inc.'s net debt changed year-over-year?: OPAL Fuels Inc.'s net debt increased by 33.4% year-over-year, from $253.87M to $338.57M.
What is the long-term trend for OPAL Fuels Inc.'s net debt?: Over 4 years (2021 to 2025), OPAL Fuels Inc.'s net debt has grown at a -35.9% compound annual growth rate (CAGR), from $72.35M to -$12.2M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.