Opera Ltd. ADR (OPRA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.33	$0.33	0.0%	—	$178.1M	—
Q1 26	$0.31	$0.34	+9.7%	—	$175.8M	—
Q4 25	$0.37	$0.3	-18.9%	—	$177.2M	—
Q3 25	$0.31	$0.3	-3.2%	—	$151.9M	—
Q2 25	$0.26	$0.26	0.0%	—	$143M	—
Q1 25	$0.24	$0.27	+12.5%	—	$142.7M	—
Q4 24	$0.26	$0.28	+7.7%	—	$145.8M	—
Q3 24	$0.24	$0.51	+112.5%	—	$123.2M	—
Q2 24	$0.21	$0.44	+109.5%	—	$109.7M	—
Q1 24	$0.21	$0.34	+61.9%	—	$101.9M	—
Q4 23	$0.24	$0.39	+62.5%	—	$113M	—
Q3 23	$0.18	$0.47	+161.1%	—	$102.6M	—
Q2 23	$0.17	$0.3	+76.5%	—	$94.1M	—
Q1 23	$0.14	$0.34	+142.9%	—	$87.1M	—
Q4 22	$0.2	$0.54	+170.0%	—	$96.3M	—
Q3 22	$0.12	$0.2	+66.7%	—	$85.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.21	—	—	$614.8M	—
FY24	—	$0.91	—	—	$480.6M	—
FY23	—	$1.72	—	—	$396.8M	—
FY22	—	$0.14	—	—	$331M	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$128.9M	$161.3M	$177.1M	$165.1M	$251M	$331M	$396.8M	$480.6M	$614.8M
YoY change	—	+25.2%	+9.76%	-6.79%	+52.1%	+31.9%	+19.9%	+21.1%	+27.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	128.9M	161.3M	177.1M	165.1M	251M	331M	396.8M	480.6M	614.8M
Cost of revenue	4M	3.7M	2.5M	8.3M	13.7M	54.6M	93.3M	132.6M	220.5M
Gross profit	124.9M	157.6M	174.5M	156.7M	237.3M	276.4M	303.5M	348.1M	394.3M
Gross margin	96.9%	97.7%	98.6%	95%	94.5%	83.5%	76.5%	72.4%	64.1%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	81M	85.4M	138.3M	124.1M	205.1M	200.2M	204.1M	221.6M	261M
Operating expenses	93M	101.2M	155.6M	134.1M	217.7M	216.1M	222.9M	240.9M	284.2M
Operating income	13.5M	44.4M	-534K	516K	-590K	45M	63.5M	92.4M	92M
Operating margin	10.5%	27.5%	-0.3%	0.31%	-0.24%	13.6%	16%	19.2%	15%
Non-operating income, net	-6.8M	-5.1M	42.5M	36.9M	-40.7M	-24.8M	92.5M	3M	30.5M
Pretax income	7.5M	40.7M	43.4M	37.5M	-43.1M	23.9M	160M	98.4M	125.2M
Income tax	1.4M	6.5M	2.7M	75K	43K	8.8M	6.7M	17.6M	16.9M
Net income	6.1M	35.2M	57.9M	179.2M	-44M	15M	153.3M	80.8M	108.3M
Net margin	4.7%	21.8%	32.7%	108.6%	-17.5%	4.54%	38.6%	16.8%	17.6%
EBITDA	29.5M	55.4M	16.5M	23.6M	-11.9M	62.9M	81M	111.5M	114.4M
EPS	0.06	0.35	0.52	1.5	-0.14	0.14	1.72	0.91	1.21
Diluted EPS	0.06	0.34	0.5	1.48	-0.14	0.14	1.68	0.9	1.19

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	102.6M	113M	101.9M	109.7M	123.2M	145.8M	142.7M	143M	151.9M	177.2M	175.8M	178.1M
Cost of revenue	25.2M	28.5M	24M	27.7M	33.1M	47.8M	50.7M	50.9M	52.6M	66.3M	64.8M	67.5M
Gross profit	77.4M	84.5M	77.9M	82.1M	90.1M	98.1M	92M	92.1M	99.3M	110.9M	111M	110.6M
Gross margin	75.4%	74.7%	76.4%	74.8%	73.1%	67.2%	64.5%	64.4%	65.4%	62.6%	63.2%	62.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	51.8M	55M	50.6M	52M	57.9M	61.2M	60.6M	63.6M	67M	69.8M	67.5M	69M
Operating expenses	56.7M	60.2M	55.3M	56.3M	62.8M	66.6M	65.6M	68.9M	72.2M	77.4M	74.9M	76.1M
Operating income	17.3M	19.8M	19.6M	21.9M	23.2M	27.7M	21.8M	18.7M	22.6M	28.9M	30.4M	29.2M
Operating margin	16.9%	17.5%	19.2%	20%	18.8%	19%	15.3%	13.1%	14.8%	16.3%	17.3%	16.4%
Non-operating income, net	-1.3M	93.2M	-827K	-578K	-1.1M	5.5M	-1.6M	-1.6M	-654K	34.4M	-1.3M	3.7M
Pretax income	17.1M	109.5M	19.5M	22.1M	22.8M	34M	20.8M	17.8M	22.6M	64.1M	29.9M	33.7M
Income tax	218K	2.1M	4.6M	2.8M	4.8M	5.3M	2.5M	2.1M	4M	8.4M	5.1M	6.1M
Net income	16.8M	107.5M	14.8M	19.3M	17.9M	28.7M	18.3M	15.7M	18.6M	55.7M	24.8M	27.6M
Net margin	16.4%	95.1%	14.6%	17.6%	14.6%	19.7%	12.8%	11%	12.3%	31.4%	14.1%	15.5%
EBITDA	21.7M	19.4M	23.5M	26.9M	28.1M	33M	26.9M	24.2M	28.2M	35.1M	36.4M	36.4M
EPS	0.19	1.4	0.16	0.22	0.2	0.32	0.2	0.18	0.21	0.62	0.27	0.31
Diluted EPS	0.18	1.38	0.16	0.22	0.2	0.32	0.2	0.17	0.21	0.61	0.27	0.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	563.3M	—	1.1B	812.9M	688.6M	—	1.7B	1.3B	1.5B
Enterprise value	—	—	389.1M	—	945.6M	645.4M	577.8M	—	1.6B	1.1B	1.4B
Shares outstanding	—	109.7M	101.3M	112.3M	117.3M	115.1M	109.5M	89.3M	88.5M	89.6M	89.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	16	—	5.98	—	45.8	—	20.7	11.7	12.8
P/S	—	—	3.49	—	6.49	3.24	2.08	—	3.49	2.06	2.3
P/B	—	—	0.73	—	1.02	0.8	0.78	—	1.78	1.25	1.55
EV/EBITDA	—	—	7.02	—	40.1	-54.3	9.18	—	14	9.8	11.6
EV/Sales	—	—	2.41	—	5.73	2.57	1.75	—	3.24	1.82	2.05
Earnings yield	—	—	6.24%	—	16.7%	—	2.18%	—	4.82%	8.54%	7.82%
FCF yield	—	—	4.81%	—	7.66%	2.54%	6.78%	—	4.44%	8.08%	7.22%
PEG	—	—	—	—	—	—	—	—	—	—	0.18

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	96.9%	97.7%	98.6%	95%	94.5%	83.5%	76.5%	72.4%	64.1%	62.1%
Operating margin	—	10.5%	27.5%	-0.3%	0.31%	-0.24%	13.6%	16%	19.2%	15%	16.4%
Net margin	—	4.7%	21.8%	32.7%	108.6%	-17.5%	4.54%	38.6%	16.8%	17.6%	18.5%
ROE	—	1.04%	4.53%	6.35%	17.1%	-4.34%	1.69%	16.7%	8.59%	10.7%	12.9%
ROA	—	0.95%	4.26%	5.46%	16.1%	-4.02%	1.56%	15.2%	7.65%	9.47%	6.22%
ROIC	—	1.96%	6.21%	-0.06%	0.06%	-0.07%	3.65%	7.27%	9.21%	9.21%	10.7%
Return on tangible assets	—	-1.37%	-14.1%	-1.4K%	500.7%	-179.8%	-16%	-326.8%	-1.6K%	128.4%	149.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	2.02	7	3.25	4.05	7.64	5.29	2.56	2.29	2.35	2.05
Quick ratio	—	2.02	7	3.19	4.05	7.64	5.29	2.56	2.29	2.35	2.05
Debt / equity	—	0.01	0.01	0.06	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Debt / assets	—	0.01	0.01	0.05	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Net debt / EBITDA	—	-0.91	-3.14	-7.62	-5.3	14.1	-1.76	-1.03	-1.05	-1.29	-1.01
Interest coverage	—	32.5	224.6	78.2	84.9	-135.4	85.6	434.6	186.7	218	327.6
Effective tax rate	—	19.2%	15.9%	6.12%	0.2%	0%	37%	4.19%	17.9%	13.5%	15.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	1.17	1.59	1.58	1.41	2.18	3.02	4.45	5.43	6.87	7.58
EPS (basic)	—	0.06	0.35	0.52	1.5	-0.14	0.14	1.72	0.91	1.21	1.21
EPS (diluted)	—	0.06	0.34	0.5	1.48	-0.14	0.14	1.68	0.9	1.19	1.38
Book value per share	—	5.32	7.65	8.12	8.94	8.8	8.11	10.3	10.6	11.3	11.4
FCF per share	—	0.04	0.27	-0.51	0.7	0.18	0.43	0.86	0.84	1.14	1.25
Cash per share	—	0.3	1.77	1.63	1.14	1.57	1.08	1.05	1.43	1.74	1.67
Capex per share	—	0.02	0.03	0.08	0.02	0.01	0.03	0.02	0.26	0.11	0.12

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	1.7%	1.62%	5%	1.5%	0.42%	0.96%	0.47%	4.86%	1.58%	1.59%
Capex / operating cash flow	—	8.04%	4.95%	-13.4%	0.85%	-7.23%	7.28%	1.08%	24.7%	8.24%	8.17%
Payout ratio	—	0%	0%	0%	0%	0%	0%	15.1%	46.3%	65.7%	87%
Dividend yield	—	—	0%	—	0%	0%	0%	—	2.23%	5.61%	4.6%

Yield

4.6%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.40

ex-dividend Jul 7, 2026

Payout ratio

87%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 7, 2026	$0.40
Jan 7, 2026	$0.40
Jul 8, 2025	$0.40
Jan 6, 2025	$0.40
Jul 2, 2024	$0.40
Jan 2, 2024	$0.40
Jun 29, 2023	$0.40
Jan 27, 2023	$0.80

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$102.6M	$113M	$101.9M	$109.7M	$123.2M	$145.8M	$142.7M	$143M	$151.9M	$177.2M	$175.8M	$178.1M
YoY change	+20.3%	+17.4%	+17%	+16.6%	+20%	+29.1%	+40.1%	+30.3%	+23.3%	+21.5%	+23.2%	+24.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	32.4M	33M	178.9M	183M	134.2M	181M	118.7M	93.9M	126.8M	155.5M
Receivables	13.8M	14.1M	24.6M	40M	28.8M	43.9M	57.9M	69.4M	92.8M	112.6M
Inventory	—	—	0	7.8M	0	—	—	—	—	—
Total current assets	79M	74.3M	238.1M	418.3M	183.7M	541M	340.2M	208.5M	231.9M	279.5M
Property, plant & equipment	11.8M	13.5M	12.2M	18.1M	9.9M	2M	588K	669K	17.5M	14.3M
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total assets	640.5M	636.3M	825.3M	1.1B	1.1B	1.1B	964.7M	1B	1.1B	1.1B
Accounts payable	24.4M	16.5M	14.3M	19.8M	20.2M	32.5M	40M	49.3M	72.7M	85.6M
Short-term debt	10.3M	2.1M	2.5M	47.8M	5.4M	11.4M	3.1M	3.8M	4M	3.9M
Total current liabilities	53.3M	36.9M	34M	128.6M	45.3M	70.8M	64.3M	81.4M	101.1M	118.8M
Long-term debt	1.7M	4M	2.3M	9.2M	3.6M	2.1M	4.7M	6.8M	5.6M	4.5M
Total liabilities	72.3M	52.8M	49.8M	148.4M	60.7M	79.4M	76.5M	91.1M	115.5M	132.5M
Shareholders' equity	568.2M	583.5M	775.5M	912.2M	1B	1B	888.2M	919.9M	940.1M	1B
Total debt	12M	6.1M	4.8M	57M	9M	13.5M	7.8M	10.5M	9.6M	8.4M
Net debt	-20.3M	-26.9M	-172.9M	-82.3M	-125.2M	-89.4M	-44.6M	-83.3M	-117.2M	-147.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	83.5M	93.9M	91.3M	104.4M	106M	126.8M	103.5M	133.8M	119M	155.5M	141.9M	145.2M
Receivables	60.1M	69.4M	62.5M	65.6M	75M	92.8M	103.1M	96.8M	101.3M	112.6M	107.9M	122.2M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	354.9M	208.5M	175.2M	186.7M	193.4M	231.9M	218.6M	243M	233.2M	279.5M	263.1M	281M
Property, plant & equipment	—	669K	—	—	—	17.5M	—	—	—	14.3M	—	—
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total assets	901M	1B	998M	1B	1B	1.1B	1B	1.1B	1.1B	1.1B	1.1B	1.2B
Accounts payable	46.8M	49.3M	52.7M	53M	63.7M	72.7M	68.6M	79.2M	75.1M	85.6M	89.8M	92.3M
Short-term debt	2.9M	3.8M	3.8M	3.6M	3.5M	4M	4.1M	4.5M	4.2M	3.9M	4.9M	4.8M
Total current liabilities	75.6M	81.4M	83.4M	74.3M	91.9M	101.1M	100.9M	100.2M	101.2M	118.8M	140.2M	137.2M
Long-term debt	5.6M	6.8M	6.9M	6M	5.4M	5.6M	5.5M	5.3M	4.7M	4.5M	4M	3.2M
Total liabilities	81.5M	91.1M	95.8M	85.5M	101M	115.5M	113.5M	113.9M	112.1M	132.5M	152M	148.8M
Shareholders' equity	819.5M	919.9M	902.2M	922.4M	911.7M	940.1M	929.6M	955.8M	947.6M	1B	989M	1B
Total debt	8.5M	10.5M	10.7M	9.7M	9M	9.6M	9.6M	9.7M	8.8M	8.4M	8.9M	8M
Net debt	-75M	-83.3M	-80.6M	-94.7M	-97M	-117.2M	-94M	-124.1M	-110.2M	-147.1M	-133M	-137.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	7.5M	41.6M	63.5M	177.3M	-44.2M	23.9M	160M	98.4M	125.2M
Depreciation & amortization	16.6M	12.7M	18.9M	20.4M	19.6M	13.9M	13.2M	15.6M	18.9M
Stock-based compensation	7M	6.4M	5.1M	4.5M	9.8M	9.1M	14.9M	8.6M	30.1M
Change in working capital	-4.9M	-8.4M	-107.8M	103.1M	-6.7M	-20.9M	-7.5M	-26.9M	-23.5M
Operating cash flow	27.3M	52.8M	-66.1M	291.9M	-14.7M	43.8M	173M	94.5M	117.7M
Capital expenditure	2.2M	-2.6M	-8.9M	-2.5M	-1.1M	-3.2M	-1.9M	-23.3M	-9.7M
Investing cash flow	198K	-43.1M	-102.8M	-86.3M	39.9M	33.7M	-1.9M	-23.3M	-12.2M
Dividends paid	0	0	0	0	0	0	-23.1M	-37.4M	-71.2M
Share repurchases	0	-4.9M	-5.8M	-49M	-749K	-146.1M	-32.7M	0	0
Financing cash flow	-10M	158.9M	114.4M	-99.2M	-6.4M	-150.3M	-59.9M	-41.6M	-75.9M
Net change in cash	17.5M	168.6M	-54.6M	106.3M	18.9M	-72.8M	111.3M	29.6M	29.6M
Free cash flow	4.6M	27.1M	-57.5M	82M	20.7M	46.7M	76.4M	74.4M	102.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	17.1M	109.5M	19.5M	22.1M	22.8M	34M	20.8M	17.8M	22.6M	64.1M	29.9M	33.7M
Depreciation & amortization	3.2M	3.2M	3.1M	4M	4.1M	4.4M	4.4M	4.6M	4.9M	4.9M	5.2M	5.4M
Stock-based compensation	3.8M	3.9M	2.2M	2.1M	3.6M	856K	5.8M	8.3M	8.4M	7.7M	6M	6.9M
Change in working capital	-6.6M	-7.5M	6.4M	-9.3M	-6.3M	-19.1M	-8.5M	-1.3M	-4.4M	-9.2M	4M	-13.7M
Operating cash flow	16.3M	109.7M	30.6M	19.9M	24.3M	18.3M	22.2M	33.1M	28.5M	40.2M	42.1M	22.2M
Capital expenditure	-741K	-594K	-20.2M	-1.2M	-1.8M	-34K	-596K	-2.5M	-2.8M	-2.2M	-2.9M	-3M
Investing cash flow	-741K	-594K	-20.2M	-732K	-1.8M	799K	-1.8M	-2.5M	-4M	-2.2M	-4.1M	-3M
Dividends paid	-10.8M	0	-9.9M	0	-27.6M	8K	-35.4M	0	-35.8M	0	-35.9M	0
Share repurchases	-17.2M	-13M	0	0	0	0	—	—	—	—	-12.8M	-14.2M
Financing cash flow	-29M	-13.9M	-11.1M	-819K	-28.6M	-1.1M	-36.5M	-1.2M	-37M	-1.3M	-50M	-15.6M
Net change in cash	-13.5M	95.2M	-710K	18.4M	-6.2M	18M	-16.1M	29.5M	-12.5M	36.7M	-12M	3.6M
Free cash flow	14.3M	23.5M	9.4M	14.5M	30.8M	19.7M	13.1M	30.3M	22.5M	36.6M	36.8M	18.2M

Opera Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement