NASDAQ : OPRA
Opera Limited — Financial statements
Communication Services · Internet Content & Information · Norway
Last price 15.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.34B
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Financial statements
Opera Limited (OPRA) reported revenue of 682.99M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 682.99M | 614.83M | 480.65M | 396.83M | 331.04M | 250.99M |
| Cost of Revenue | 338.58M | 299.50M | 202.50M | 159.05M | 129.18M | 88.14M |
| Gross Profit | 344.41M | 315.33M | 278.15M | 237.78M | 201.86M | 162.85M |
| Selling, General & Admin | 149.80M | 143.30M | 133.20M | 111.20M | 117.60M | 120.94M |
| Other Operating Expenses | 32.67M | 30.59M | 28.06M | 28.92M | 23.94M | 22.34M |
| Operating Expenses | 233.27M | 223.31M | 185.77M | 174.21M | 156.86M | 163.44M |
| Operating Income | 111.14M | 92.02M | 92.38M | 63.57M | 45.00M | -587.00K |
| Interest Expense | -459.00K | -577.00K | -529.00K | -369.00K | -282.00K | -316.00K |
| Interest & Investment Income | 3.43M | 3.29M | 3.58M | 4.54M | 5.35M | 35.00K |
| Earnings From Equity Investments | 1.14M | 268.00K | -2.00K | -6.00K | -29.38M | |
| Currency Exchange Gain (Loss) | -3.00M | -4.11M | -1.84M | -963.00K | -1.16M | -1.81M |
| Other Non Operating Income (Expenses) | -34.00K | -33.00K | -56.00K | -270.00K | -1.36M | -1.56M |
| EBT Excluding Unusual Items | 112.21M | 90.86M | 93.53M | 66.51M | 47.54M | -33.62M |
| Gain (Loss) on Sale of Investments | 42.60M | 36.30M | 5.00M | 94.17M | -20.48M | -3.86M |
| Asset Writedown | -4.58M | -1.95M | -113.00K | -681.00K | -3.19M | -5.62M |
| Pretax Income | 150.24M | 125.22M | 98.41M | 160.00M | 23.87M | -43.10M |
| Income Tax Expense | 23.58M | 16.93M | 17.64M | 6.70M | 8.84M | 43.00K |
| Earnings From Continuing Operations | 126.66M | 108.28M | 80.77M | 153.30M | 15.04M | -43.15M |
| Earnings From Discontinued Operations | -816.00K | |||||
| Net Income | 126.66M | 108.28M | 80.77M | 153.30M | 15.04M | -43.96M |
| Net Income to Common | 126.66M | 108.28M | 80.77M | 153.30M | 15.04M | -43.96M |
| Shares Outstanding (Basic) | 90.05M | 89.56M | 88.46M | 89.26M | 109.48M | 115.14M |
| Shares Outstanding (Diluted) | 91.54M | 90.96M | 89.68M | 90.92M | 110.33M | 115.14M |
| EPS (Basic) | 1.41 | 1.21 | 0.91 | 1.72 | 0.14 | -0.38 |
| EPS (Diluted) | 1.38 | 1.19 | 0.90 | 1.69 | 0.14 | -0.39 |
| Free Cash Flow | 125.02M | 112.18M | 81.63M | 80.89M | 53.48M | 25.50M |
| Free Cash Flow Per Share | 1.37 | 1.23 | 0.91 | 0.89 | 0.48 | 0.22 |
| Dividend Per Share | 1.20 | 0.80 | 0.80 | 0.80 | ||
| Gross Margin | 50.43% | 51.29% | 57.87% | 59.92% | 60.98% | 64.88% |
| Operating Margin | 16.27% | 14.97% | 19.22% | 16.02% | 13.59% | -0.23% |
| Profit Margin | 18.55% | 17.61% | 16.80% | 38.63% | 4.54% | -17.52% |
| Free Cash Flow Margin | 18.30% | 18.25% | 16.98% | 20.38% | 16.15% | 10.16% |
| EBITDA | 121.29M | 100.60M | 99.53M | 73.10M | 58.94M | 19.01M |
| EBITDA Margin | 17.76% | 16.36% | 20.71% | 18.42% | 17.80% | 7.58% |
| D&A For EBITDA | 10.15M | 8.58M | 7.15M | 9.53M | 13.94M | 19.60M |
| EBIT | 111.14M | 92.02M | 92.38M | 63.57M | 45.00M | -587.00K |
| EBIT Margin | 16.27% | 14.97% | 19.22% | 16.02% | 13.59% | -0.23% |
| Effective Tax Rate | 15.69% | 13.52% | 17.93% | 4.19% | 37.01% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 145.21M | 155.47M | 126.80M | 93.86M | 52.41M | 102.88M |
| Short-Term Investments | 66.25M | 78.14M | ||||
| Cash & Short-Term Investments | 145.21M | 155.47M | 126.80M | 93.86M | 118.66M | 181.01M |
| Accounts Receivable | 122.20M | 112.59M | 92.82M | 69.38M | 57.92M | 43.86M |
| Other Receivables | 6.90M | 7.03M | 4.56M | 40.56M | 73.59M | 18.54M |
| Receivables | 129.10M | 119.63M | 97.38M | 109.94M | 131.52M | 62.40M |
| Prepaid Expenses | 3.93M | 9.19M | ||||
| Other Current Assets | 6.66M | 4.37M | 7.72M | 4.66M | 86.10M | 288.38M |
| Total Current Assets | 280.97M | 279.46M | 231.90M | 208.46M | 340.21M | 540.99M |
| Property, Plant & Equipment | 32.11M | 32.74M | 34.06M | 16.07M | 14.62M | 12.26M |
| Long-Term Investments | 308.74M | 300.24M | 261.31M | 256.35M | 897.00K | 903.00K |
| Goodwill | 430.20M | 430.32M | 429.74M | 429.86M | 429.44M | 430.38M |
| Other Intangible Assets | 108.53M | 98.90M | 97.51M | 99.07M | 99.98M | 103.63M |
| Long-Term Deferred Tax Assets | 1.57M | 1.58M | 1.06M | 1.13M | 1.47M | 2.32M |
| Other Long-Term Assets | 1.00K | 1.00K | 78.05M | 1.98M | ||
| Total Assets | 1.16B | 1.14B | 1.06B | 1.01B | 964.69M | 1.09B |
| Accounts Payable | 92.25M | 85.69M | 72.69M | 49.83M | 44.16M | 34.01M |
| Accrued Expenses | 17.34M | 15.63M | 15.30M | 14.37M | 14.42M | |
| Short-Term Debt | 111.00K | 126.00K | 194.00K | |||
| Current Portion of Long-Term Debt | 146.00K | 7.78M | ||||
| Current Portion of Leases | 4.76M | 3.87M | 3.96M | 3.66M | 2.84M | 3.45M |
| Current Income Taxes Payable | 8.07M | 6.61M | 3.19M | 1.84M | 1.13M | 763.00K |
| Current Unearned Revenue | 13.30M | 4.50M | 5.44M | 10.27M | 995.00K | 1.09M |
| Other Current Liabilities | 18.82M | 759.00K | 182.00K | 397.00K | 567.00K | 9.07M |
| Total Current Liabilities | 137.21M | 118.77M | 101.09M | 81.41M | 64.33M | 70.79M |
| Long-Term Debt | 155.00K | |||||
| Long-Term Leases | 3.24M | 4.54M | 5.63M | 6.78M | 4.72M | 1.93M |
| Long-Term Deferred Tax Liabilities | 8.30M | 9.21M | 8.69M | 2.81M | 7.35M | 6.53M |
| Other Long-Term Liabilities | 1.00K | 11.00K | 72.00K | 93.00K | 68.00K | 22.00K |
| Total Liabilities | 148.75M | 132.53M | 115.48M | 91.09M | 76.47M | 79.42M |
| Common Stock | 18.00K | 18.00K | 18.00K | 18.00K | 18.00K | 24.00K |
| Additional Paid-In Capital | 540.17M | 576.05M | 647.21M | 717.61M | 824.83M | 824.83M |
| Retained Earnings | 741.19M | 674.74M | 536.62M | 445.16M | 273.26M | 249.16M |
| Treasury Stock | -266.90M | -238.81M | -238.81M | -238.81M | -206.51M | -60.45M |
| Comprehensive Income & Other | -1.09M | -1.27M | -4.94M | -4.13M | -3.38M | -519.00K |
| Shareholders' Equity | 1.01B | 1.01B | 940.10M | 919.85M | 888.21M | 1.01B |
| Total Liabilities & Equity | 1.16B | 1.14B | 1.06B | 1.01B | 964.69M | 1.09B |
| Total Debt | 8.00M | 8.41M | 9.59M | 10.55M | 7.83M | 13.51M |
| Net Cash (Debt) | 137.21M | 147.06M | 117.21M | 83.32M | 110.83M | 167.50M |
| Net Cash Per Share | 1.50 | 1.62 | 1.31 | 0.92 | 1.00 | 1.45 |
| Filing Date Shares Outstanding | 87.14M | 89.65M | 88.48M | 88.45M | 89.84M | 115.14M |
| Total Common Shares Outstanding | 87.14M | 89.65M | 88.48M | 87.52M | 89.22M | 115.15M |
| Working Capital | 143.76M | 160.69M | 130.81M | 127.05M | 275.88M | 470.20M |
| Book Value Per Share | 11.63 | 11.27 | 10.62 | 10.51 | 9.96 | 8.80 |
| Tangible Book Value | 474.64M | 481.50M | 412.85M | 390.92M | 358.79M | 479.03M |
| Tangible Book Value Per Share | 5.45 | 5.37 | 4.67 | 4.47 | 4.02 | 4.16 |
| Buildings | 18.44M | 16.52M | ||||
| Machinery | 68.16M | 62.29M | 37.61M | 34.62M | 29.39M | |
| Leasehold Improvements | 1.72M | 1.71M | 1.73M | 1.72M | 1.72M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 126.66M | 108.28M | 80.77M | 153.30M | 15.04M | -43.96M |
| Depreciation & Amortization | 14.82M | 13.25M | 11.50M | 13.16M | 13.94M | 19.60M |
| Other Amortization | 5.61M | 5.61M | 4.08M | |||
| Asset Writedown & Restructuring Costs | 4.58M | 1.95M | 113.00K | 681.00K | 3.19M | 5.62M |
| Loss (Gain) From Sale of Investments | -42.60M | -36.30M | -5.00M | -89.84M | -1.50M | -1.08M |
| Loss (Gain) on Equity Investments | -1.14M | -268.00K | 2.00K | 6.00K | 29.38M | |
| Stock-Based Compensation | 29.01M | 30.08M | 8.63M | 14.93M | 9.07M | 9.79M |
| Other Operating Activities | 5.20M | 4.99M | 8.78M | -6.76M | 23.50M | 2.18M |
| Change in Accounts Receivable | -25.88M | -22.71M | -20.20M | -17.96M | -19.30M | -7.29M |
| Change in Accounts Payable | 14.14M | 13.59M | 23.04M | 5.31M | 8.56M | 12.93M |
| Change in Unearned Revenue | -1.46M | -943.00K | -4.83M | 9.28M | -97.00K | 747.00K |
| Change in Other Net Operating Assets | 4.07M | 205.00K | -1.91M | 658.00K | 4.26M | -278.00K |
| Operating Cash Flow | 133.00M | 117.73M | 104.98M | 82.76M | 56.66M | 26.56M |
| Capital Expenditures | -7.98M | -5.55M | -23.34M | -1.87M | -3.19M | -1.06M |
| Cash Acquisitions | -9.01M | |||||
| Sale (Purchase) of Intangibles | -10.86M | -9.70M | -7.26M | -4.53M | -6.79M | -4.84M |
| Investment in Securities | -2.50M | -2.50M | 83.00K | 23.41M | 53.06M | -34.84M |
| Other Investing Activities | 3.43M | 3.29M | 3.41M | 2.99M | 1.37M | 36.00K |
| Investing Cash Flow | -17.91M | -14.45M | -27.11M | 20.00M | 44.45M | -49.70M |
| Long-Term Debt Repaid | -4.78M | -4.18M | -4.07M | -4.21M | -5.62M | |
| Lease Payments | -5.13M | -4.78M | -4.18M | -3.91M | -3.84M | -5.12M |
| Net Debt Issued (Repaid) | -5.13M | -4.78M | -4.18M | -4.07M | -4.21M | -5.62M |
| Issuance of Common Stock | 394.00K | |||||
| Repurchase of Common Stock | -27.08M | -32.70M | -146.07M | -749.00K | ||
| Common Dividends Paid | -71.65M | -71.17M | -37.44M | -10.83M | ||
| Other Financing Activities | -525.00K | -609.00K | -530.00K | -369.00K | -295.00K | -316.00K |
| Financing Cash Flow | -104.39M | -76.55M | -42.15M | -59.84M | -150.58M | -6.68M |
| Foreign Exchange Rate Adjustments | 690.00K | 1.94M | -2.79M | -1.47M | -996.00K | -1.47M |
| Miscellaneous Cash Flow Adjustments | -2.00K | |||||
| Net Cash Flow | 11.39M | 28.67M | 32.93M | 41.45M | -50.46M | -31.29M |
| Free Cash Flow | 125.02M | 112.18M | 81.63M | 80.89M | 53.48M | 25.50M |
| Free Cash Flow Margin | 18.30% | 18.25% | 16.98% | 20.38% | 16.15% | 10.16% |
| Free Cash Flow Per Share | 1.37 | 1.23 | 0.91 | 0.89 | 0.48 | 0.22 |
| Levered Free Cash Flow | 111.68M | 90.92M | 81.08M | 186.59M | 181.50M | -267.40M |
| Unlevered Free Cash Flow | 111.96M | 91.28M | 81.42M | 186.82M | 181.68M | -267.20M |
| Free Cash Flow After Leases | 119.89M | 107.41M | 77.45M | 76.98M | 49.64M | 20.39M |
| Cash Interest Paid | 526.00K | 610.00K | 530.00K | 369.00K | 293.00K | 316.00K |
| Cash Income Tax Paid | 16.95M | 12.85M | 7.65M | 5.94M | 3.11M | 5.45M |
| Change in Working Capital | -9.13M | -9.86M | -3.90M | -2.71M | -6.58M | 6.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.29B | 1.27B | 1.68B | 1.17B | 562.63M | 812.93M |
| Enterprise Value | 1.15B | 1.16B | 1.58B | 1.10B | 365.22M | 645.99M |
| Last Close Price | 14.81 | 13.52 | 17.37 | 11.44 | 4.76 | 5.34 |
| PE Ratio | 10.75 | 11.72 | 20.75 | 7.65 | 37.42 | |
| Forward PE | 9.34 | 9.78 | 18.21 | 14.00 | 8.17 | 19.61 |
| PS Ratio | 1.89 | 2.06 | 3.49 | 2.96 | 1.70 | 3.24 |
| PB Ratio | 1.27 | 1.26 | 1.78 | 1.27 | 0.63 | 0.80 |
| P/TBV Ratio | 2.72 | 2.64 | 4.06 | 3.00 | 1.57 | 1.70 |
| P/FCF Ratio | 10.32 | 11.32 | 20.53 | 14.50 | 10.52 | 31.88 |
| P/OCF Ratio | 9.70 | 10.78 | 15.96 | 14.18 | 9.93 | 30.60 |
| PEG Ratio | 0.52 | 0.53 | 0.93 | 0.29 | 0.29 | 0.29 |
| EV/Sales Ratio | 1.69 | 1.89 | 3.29 | 2.77 | 1.10 | 2.57 |
| EV/EBITDA Ratio | 9.51 | 11.52 | 15.86 | 15.02 | 6.20 | 33.98 |
| EV/EBIT Ratio | 10.38 | 12.60 | 17.09 | 17.27 | 8.12 | |
| EV/FCF Ratio | 9.23 | 10.33 | 19.34 | 13.58 | 6.83 | 25.33 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.06 | 0.08 | 0.09 | 0.14 | 0.13 | 0.71 |
| Debt / FCF Ratio | 0.06 | 0.07 | 0.12 | 0.13 | 0.15 | 0.53 |
| Net Debt / Equity Ratio | -0.14 | -0.14 | -0.12 | -0.09 | -0.12 | -0.17 |
| Net Debt / EBITDA Ratio | -1.13 | -1.46 | -1.18 | -1.14 | -1.88 | -8.81 |
| Net Debt / FCF Ratio | -1.10 | -1.31 | -1.44 | -1.03 | -2.07 | -6.57 |
| Asset Turnover | 0.61 | 0.56 | 0.47 | 0.40 | 0.32 | 0.23 |
| Quick Ratio | 2.00 | 2.32 | 2.22 | 2.50 | 3.89 | 3.44 |
| Current Ratio | 2.05 | 2.35 | 2.29 | 2.56 | 5.29 | 7.64 |
| Return on Equity (ROE) | 12.86% | 11.10% | 8.69% | 16.96% | 1.58% | -4.18% |
| Return on Assets (ROA) | 6.22% | 5.23% | 5.59% | 4.02% | 2.73% | -0.03% |
| Return on Invested Capital (ROIC) | 10.77% | 9.44% | 9.14% | 7.55% | 3.49% | -0.07% |
| Return on Capital Employed (ROCE) | 10.80% | 9.00% | 9.70% | 6.80% | 5.00% | -0.10% |
| Earnings Yield | 9.30% | 8.53% | 4.82% | 13.07% | 2.67% | -5.41% |
| FCF Yield | 9.69% | 8.84% | 4.87% | 6.89% | 9.50% | 3.14% |
| Dividend Yield | 5.40% | 5.65% | 4.22% | 5.97% | ||
| Payout Ratio | 58.09% | 65.72% | 46.35% | 7.07% | ||
| Buyback Yield / Dilution | -1.51% | -1.43% | 1.37% | 17.59% | 4.18% | 2.99% |
| Total Shareholder Return | 3.90% | 4.22% | 5.59% | 23.56% | 4.18% | 2.99% |