Opera Ltd

EDGAR

Annual consolidated revenue for 2025: about USD 614.8M, using the latest reported figures. The previous period, 2024, was about USD 480.6M.

Watchlist

Latest fiscal year

Revenue

615 million USD

2025 · USD

Exact inputs and evidence

Operating margin

14.65%

2025 · %

Exact inputs and evidence
  • Operating Income: 90072000 USD Source
  • Revenue: 614825000 USD Source

Operating cash flow

118 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 117728000 USD Source

Free cash flow

112 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 117728000 USD Source
  • Capital Expenditure: 5546000 USD Source
Cash and cash equivalents
155 million USD Source
Exact value

155466000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-19.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 5 of 11 periods available· newest 2023-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +27.9%

    Prior period

    USD 480.65 million

    –

    Current period

    USD 614.83 million

    –

    Exact inputs and evidence

    614825000 − 480648000 = 134177000 USD

    480648000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    614825000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +12.1%

    Prior period

    USD 104.98 million

    –

    Current period

    USD 117.73 million

    –

    Exact inputs and evidence

    117728000 − 104977000 = 12751000 USD

    104977000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    117728000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -76.2%

    Prior period

    USD 23.34 million

    –

    Current period

    USD 5.55 million

    –

    Exact inputs and evidence

    5546000 − 23344000 = -17798000 USD

    23344000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5546000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 614.83 million 100% of revenue
  • Operating costs Derived USD 524.75 million 85% of revenue
  • Operating income USD 90.07 million 15% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow USD 117.73 million 19% of revenue
  • Capital expenditure USD 5.55 million 0.9% of revenue
  • Free cash flow Derived USD 112.18 million 18% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Operating loss: operating costs were 100% of revenue.
  • 2020 Operating loss: operating costs were 101% of revenue.
  • 2021 Operating loss: operating costs were 102% of revenue.
  • 2022 87%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-31177078000 177614000 Derived -536000 -58435000 Derived 57899000 -53332000 Derived
Source
2020 2020-01-01 – 2020-12-31165056000 167504000 Derived -2448000 -181622000 Derived 179174000 90840000 Derived
Source
2021 2021-01-01 – 2021-12-31250991000 257202000 Derived -6211000 37753000 Derived -43964000 25504000 Derived
Source
2022 2022-01-01 – 2022-12-31331037000 289229000 Derived 41808000 26773000 Derived 15035000 53475000 Derived
Source
2023 2023-01-01 – 2023-12-31396827000 333937000 Derived 62890000 -90411000 Derived 153301000 80888000 Derived
Source
2024 2024-01-01 – 2024-12-31480648000 388386000 Derived 92262000 UnavailableUnavailable81633000 Derived
Source
2025 2025-01-01 – 2025-12-31614825000 524753000 Derived 90072000 UnavailableUnavailable112182000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 614.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.664.0M498.0M332.0M166.0M0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue177078000
2020Revenue165056000
2021Revenue250991000
2022Revenue331037000
2023Revenue396827000
2024Revenue480648000
2025Revenue614825000

Revenue growth

Change in revenue from the same financial period one year earlier.

27.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.57%40%23%6%-11%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-6.8%
2021Year over year52.1%
2022Year over year31.9%
2023Year over year19.9%
2024Year over year21.1%
2025Year over year27.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 14.7% 2025
Net margin 38.6% 2023
Free cash flow margin 18.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.120%79%39%-1%-41%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin-0.3%
2020Operating margin-1.5%
2021Operating margin-2.5%
2022Operating margin12.6%
2023Operating margin15.8%
2024Operating margin19.2%
2025Operating margin14.7%
2019Net margin32.7%
2020Net margin108.6%
2021Net margin-17.5%
2022Net margin4.5%
2023Net margin38.6%
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2019Free cash flow margin-30.1%
2020Free cash flow margin55%
2021Free cash flow margin10.2%
2022Free cash flow margin16.2%
2023Free cash flow margin20.4%
2024Free cash flow margin17%
2025Free cash flow margin18.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 117.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.130.7M83.7M36.6M-10.4M-57.4M201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow-44464000
2020Operating cash flow93324000
2021Operating cash flow26564000
2022Operating cash flow56662000
2023Operating cash flow82761000
2024Operating cash flow104977000
2025Operating cash flow117728000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 112.2M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.125.4M77.4M29.4M-18.6M-66.6M201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow-53332000
2020Free cash flow90840000
2021Free cash flow25504000
2022Free cash flow53475000
2023Free cash flow80888000
2024Free cash flow81633000
2025Free cash flow112182000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

11.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.5%9.4%6.3%3.1%0.0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets5.5%
2021Liabilities / assets7.3%
2022Liabilities / assets7.9%
2023Liabilities / assets9%
2024Liabilities / assets10.9%
2025Liabilities / assets11.6%

Current assets to current liabilities

Current assets divided by current liabilities.

2.35× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.25×6.19×4.13×2.06×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities4.05×
2021Current assets / current liabilities7.64×
2022Current assets / current liabilities5.29×
2023Current assets / current liabilities2.56×
2024Current assets / current liabilities2.29×
2025Current assets / current liabilities2.35×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
USD 57.9 million
Exact value

Exact value: 57899000 USD

2019-01-01 – 2019-12-31: 57899000 USD Inspect Net Income Open source
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−USD 44.46 million
Exact value

Exact value: -44464000 USD

2019-01-01 – 2019-12-31: -44464000 USD Inspect Operating Cash Flow Open source
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USD 8.87 million
Exact value

Exact value: 8868000 USD

2019-01-01 – 2019-12-31: 8868000 USD Inspect Capital Expenditure Open source
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−USD 53.33 million
Calculation and evidence

-44464000 − 8868000 USD

Exact free cash flow: -53332000 USD

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2020 2020-01-01 – 2020-12-31
USD 179.17 million
Exact value

Exact value: 179174000 USD

2020-01-01 – 2020-12-31: 179174000 USD Inspect Net Income Open source
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USD 93.32 million
Exact value

Exact value: 93324000 USD

2020-01-01 – 2020-12-31: 93324000 USD Inspect Operating Cash Flow Open source
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USD 2.48 million
Exact value

Exact value: 2484000 USD

2020-01-01 – 2020-12-31: 2484000 USD Inspect Capital Expenditure Open source
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USD 90.84 million
Calculation and evidence

93324000 − 2484000 USD

Exact free cash flow: 90840000 USD

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2021 2021-01-01 – 2021-12-31
−USD 43.96 million
Exact value

Exact value: -43964000 USD

2021-01-01 – 2021-12-31: -43964000 USD Inspect Net Income Open source
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USD 26.56 million
Exact value

Exact value: 26564000 USD

2021-01-01 – 2021-12-31: 26564000 USD Inspect Operating Cash Flow Open source
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USD 1.06 million
Exact value

Exact value: 1060000 USD

2021-01-01 – 2021-12-31: 1060000 USD Inspect Capital Expenditure Open source
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USD 25.5 million
Calculation and evidence

26564000 − 1060000 USD

Exact free cash flow: 25504000 USD

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2022 2022-01-01 – 2022-12-31
USD 15.04 million
Exact value

Exact value: 15035000 USD

2022-01-01 – 2022-12-31: 15035000 USD Inspect Net Income Open source
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USD 56.66 million
Exact value

Exact value: 56662000 USD

2022-01-01 – 2022-12-31: 56662000 USD Inspect Operating Cash Flow Open source
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USD 3.19 million
Exact value

Exact value: 3187000 USD

2022-01-01 – 2022-12-31: 3187000 USD Inspect Capital Expenditure Open source
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USD 53.48 million
Calculation and evidence

56662000 − 3187000 USD

Exact free cash flow: 53475000 USD

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2023 2023-01-01 – 2023-12-31
USD 153.3 million
Exact value

Exact value: 153301000 USD

2023-01-01 – 2023-12-31: 153301000 USD Inspect Net Income Open source
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USD 82.76 million
Exact value

Exact value: 82761000 USD

2023-01-01 – 2023-12-31: 82761000 USD Inspect Operating Cash Flow Open source
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USD 1.87 million
Exact value

Exact value: 1873000 USD

2023-01-01 – 2023-12-31: 1873000 USD Inspect Capital Expenditure Open source
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USD 80.89 million
Calculation and evidence

82761000 − 1873000 USD

Exact free cash flow: 80888000 USD

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2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
USD 104.98 million
Exact value

Exact value: 104977000 USD

2024-01-01 – 2024-12-31: 104977000 USD Inspect Operating Cash Flow Open source
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USD 23.34 million
Exact value

Exact value: 23344000 USD

2024-01-01 – 2024-12-31: 23344000 USD Inspect Capital Expenditure Open source
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USD 81.63 million
Calculation and evidence

104977000 − 23344000 USD

Exact free cash flow: 81633000 USD

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2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
USD 117.73 million
Exact value

Exact value: 117728000 USD

2025-01-01 – 2025-12-31: 117728000 USD Inspect Operating Cash Flow Open source
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USD 5.55 million
Exact value

Exact value: 5546000 USD

2025-01-01 – 2025-12-31: 5546000 USD Inspect Capital Expenditure Open source
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USD 112.18 million
Calculation and evidence

117728000 − 5546000 USD

Exact free cash flow: 112182000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

92 filings · 890 latest values · 890 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001737450, 1737450, OPRA, edgar:1737450, opra

Also known as Opera Ltd