OPAL Fuels Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-4.1M | $-5.6M | $16.2M | $11.4M | $7.6M | $1.3M | $-5.4M | $17.1M |
| Depreciation & Amortization | $5.2M | $5.6M | $5.7M | $5.6M | $5.3M | $5.9M | $5.2M | $4.7M |
| Depreciation | — | — | — | — | — | — | $4.9M | $4.7M |
| Amortization | — | — | — | — | — | — | $67.0K | $69.0K |
| Stock-Based Compensation | $2.1M | $2.1M | $1.6M | $902.0K | $2.2M | $1.8M | $2.1M | $1.5M |
| Net Cash from Operating Activities | $10.8M | $12.9M | $-3.5M | $18.2M | $-7.9M | $29.7M | $-532.0K | $17.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $28.3M | $24.4M | $9.8M | $27.5M | $21.8M | $11.6M | $54.4M | $23.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-39.1M | $-19.4M | $-7.4M | $-33.9M | $-26.7M | $-9.3M | $-48.0M | $-32.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-13.5M | $115.1M | $6.6M | $16.5M | $23.2M | $-4.7M | $51.9M | $16.5M |
| Net Change in Cash | — | — | — | — | $-11.4M | $15.7M | $5.0M | $1.7M |
| Free Cash Flow | $-17.6M | $-11.5M | $-13.4M | $-9.3M | $-29.7M | $18.1M | $-55.0M | $-5.4M |