OPRA (Opera Limited) Stock Financials & Earnings | Market Cap Arena

OPRA (Opera Limited) Stock Financials & Earnings | Market Cap Arena

OPRAOpera Limited

Mkt Cap$1B

Communication Services·Internet Content & Information·🇳🇴 Norway·NASDAQ

Revenue (TTM)$615M

Net Income (TTM)$108M

EPS (TTM)$1.18

Free Cash Flow (TTM)$108M

Gross Margin58.6%

Op. Margin14.8%

Net Margin17.6%

FCF Margin17.5%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)12.5x

YoY Rev Growth+27.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$87M	$70M	$14M
Q2 23	$94M	$72M	$13M
Q3 23	$103M	$77M	$16M
Q4 23	$113M	$64M	$20M
Q1 24	$102M	$78M	$20M
Q2 24	$110M	$82M	$22M
Q3 24	$123M	$90M	$23M
Q4 24	$146M	$98M	$28M
Q1 25	$143M	$92M	$21M
Q2 25	$143M	$92M	$18M
Q3 25	$152M	$99M	$22M
Q4 25	$177M	$77M	$29M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.9x	33.9x
Q2 23	3.7x	22.8x
Q3 23	3.6x	20.3x
Q4 23	3.4x	8.8x
Q1 24	3.3x	8.9x
Q2 24	3.2x	8.5x
Q3 24	3.0x	8.5x
Q4 24	2.8x	16.8x
Q1 25	2.6x	16.1x
Q2 25	2.4x	16.8x
Q3 25	2.3x	16.6x
Q4 25	2.2x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$26M	$24M
Q2 23	$16M	$14M
Q3 23	$17M	$16M
Q4 23	$25M	$25M
Q1 24	$31M	$11M
Q2 24	$17M	$14M
Q3 24	$35M	$31M
Q4 24	$22M	$20M
Q1 25	$16M	$15M
Q2 25	$33M	$30M
Q3 25	$28M	$22M
Q4 25	$41M	$40M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$1M
Q3 23	$734K
Q4 23	$594K
Q1 24	$20M
Q2 24	$3M
Q3 24	$4M
Q4 24	$2M
Q1 25	$596K
Q2 25	$3M
Q3 25	$6M
Q4 25	$1M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.6%	+4.1%
Q2 23	+20.9%	+22.5%
Q3 23	+20.3%	+25.1%
Q4 23	+17.4%	+11.4%
Q1 24	+17.0%	+12.6%
Q2 24	+16.6%	+7.6%
Q3 24	+20.0%	+15.6%
Q4 24	+29.1%	+27.6%
Q1 25	+40.1%	+47.8%
Q2 25	+30.3%	+42.2%
Q3 25	+23.3%	+29.5%
Q4 25	+21.4%	+24.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	3.9%
Q2 23	$4M	4.0%
Q3 23	$0	0.0%
Q4 23	$5M	4.0%
Q1 24	$3M	2.6%
Q2 24	$2M	1.9%
Q3 24	$4M	2.9%
Q4 24	$856K	0.6%
Q1 25	$0	0.0%
Q2 25	$8M	5.8%
Q3 25	$8M	5.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	—	$22M	$24M	—
Q2 23	—	$24M	$27M	—
Q3 23	—	$23M	$28M	—
Q4 23	$42M	$3M	$30M	—
Q1 24	—	$21M	$29M	—
Q2 24	—	$23M	$29M	—
Q3 24	—	$25M	$33M	—
Q4 24	$47M	$20M	$41M	—
Q1 25	—	$26M	$34M	—
Q2 25	—	$30M	$34M	—
Q3 25	—	$31M	$36M	—
Q4 25	—	—	—	$47M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$85M	$0	$85M
Q2 23	$98M	$0	$98M
Q3 23	$84M	$0	$84M
Q4 23	$94M	$0	$94M
Q1 24	$91M	$0	$91M
Q2 24	$104M	$0	$104M
Q3 24	$106M	$0	$106M
Q4 24	$127M	$0	$127M
Q1 25	$104M	$0	$104M
Q2 25	$134M	$0	$134M
Q3 25	$119M	$0	$119M
Q4 25	$155M	$0	$155M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	91M	-4.2%
Q2 23	91M	+0.7%
Q3 23	91M	-0.1%
Q4 23	89M	-2.1%
Q1 24	89M	-0.0%
Q2 24	89M	+0.1%
Q3 24	89M	+0.2%
Q4 24	90M	+0.1%
Q1 25	90M	+0.7%
Q2 25	90M	+0.1%
Q3 25	91M	+0.5%
Q4 25	91M	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	$371K	464
FY 19	$216K	819
FY 20	$286K	577
FY 21	$398K	630
FY 22	$546K	606
FY 23	$670K	592
FY 24	$802K	599
FY 25	$1M	599