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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $88.4M, roughly 1.6× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 4.1%, a 14.2% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 16.2%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 6.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
ARLO vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $88.4M |
| Net Profit | $5.8M | $16.2M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | 7.5% |
| Net Margin | 4.1% | 18.3% |
| Revenue YoY | 16.2% | 18.7% |
| Net Profit YoY | 218.6% | 401.5% |
| EPS (diluted) | $0.06 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $88.4M | ||
| Q3 25 | $139.5M | $77.9M | ||
| Q2 25 | $129.4M | $77.4M | ||
| Q1 25 | $119.1M | $83.0M | ||
| Q4 24 | $121.6M | $74.5M | ||
| Q3 24 | $137.7M | $82.6M | ||
| Q2 24 | $127.4M | $69.8M | ||
| Q1 24 | $124.2M | $64.0M |
| Q4 25 | $5.8M | $16.2M | ||
| Q3 25 | $6.9M | $11.4M | ||
| Q2 25 | $3.1M | $7.6M | ||
| Q1 25 | $-835.0K | $1.3M | ||
| Q4 24 | $-4.9M | $-5.4M | ||
| Q3 24 | $-4.4M | $17.1M | ||
| Q2 24 | $-11.6M | $1.9M | ||
| Q1 24 | $-9.6M | $677.0K |
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | 7.5% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 1.5% | -1.1% | ||
| Q1 25 | -1.2% | -2.3% | ||
| Q4 24 | -5.0% | -0.5% | ||
| Q3 24 | -4.0% | 14.9% | ||
| Q2 24 | -10.0% | 8.1% | ||
| Q1 24 | -8.5% | 5.6% |
| Q4 25 | 4.1% | 18.3% | ||
| Q3 25 | 4.9% | 14.6% | ||
| Q2 25 | 2.4% | 9.8% | ||
| Q1 25 | -0.7% | 1.5% | ||
| Q4 24 | -4.0% | -7.2% | ||
| Q3 24 | -3.2% | 20.7% | ||
| Q2 24 | -9.1% | 2.7% | ||
| Q1 24 | -7.8% | 1.1% |
| Q4 25 | $0.06 | $0.08 | ||
| Q3 25 | $0.06 | $0.05 | ||
| Q2 25 | $0.03 | $0.03 | ||
| Q1 25 | $-0.01 | $-0.01 | ||
| Q4 24 | $-0.05 | $-0.05 | ||
| Q3 24 | $-0.04 | $0.09 | ||
| Q2 24 | $-0.12 | $-0.01 | ||
| Q1 24 | $-0.10 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $127.8M | $-12.9M |
| Total Assets | $310.5M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $24.4M | ||
| Q3 25 | $86.0M | $29.9M | ||
| Q2 25 | $71.2M | $29.3M | ||
| Q1 25 | $84.0M | $40.1M | ||
| Q4 24 | $82.0M | $24.3M | ||
| Q3 24 | $77.0M | $31.0M | ||
| Q2 24 | $62.9M | $27.6M | ||
| Q1 24 | $62.1M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $127.8M | $-12.9M | ||
| Q3 25 | $129.2M | $7.5M | ||
| Q2 25 | $118.3M | $-25.0M | ||
| Q1 25 | $103.4M | $57.1M | ||
| Q4 24 | $100.9M | $-148.4M | ||
| Q3 24 | $96.9M | $-180.1M | ||
| Q2 24 | $99.3M | $-273.0M | ||
| Q1 24 | $99.9M | $-382.4M |
| Q4 25 | $310.5M | $959.5M | ||
| Q3 25 | $350.9M | $916.7M | ||
| Q2 25 | $319.7M | $905.5M | ||
| Q1 25 | $296.6M | $884.9M | ||
| Q4 24 | $298.4M | $881.1M | ||
| Q3 24 | $312.4M | $831.1M | ||
| Q2 24 | $295.8M | $782.3M | ||
| Q1 24 | $289.8M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | 3.43× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $-3.5M | ||
| Q3 25 | $19.2M | $18.2M | ||
| Q2 25 | $8.8M | $-7.9M | ||
| Q1 25 | $30.9M | $29.7M | ||
| Q4 24 | $6.7M | $-532.0K | ||
| Q3 24 | $18.4M | $17.7M | ||
| Q2 24 | $6.5M | $533.0K | ||
| Q1 24 | $19.8M | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | $28.1M | $18.1M | ||
| Q4 24 | $5.6M | $-55.0M | ||
| Q3 24 | $17.4M | $-5.4M | ||
| Q2 24 | $6.2M | $-22.5M | ||
| Q1 24 | $19.4M | $-13.0M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | 23.6% | 21.8% | ||
| Q4 24 | 4.6% | -73.8% | ||
| Q3 24 | 12.6% | -6.5% | ||
| Q2 24 | 4.8% | -32.2% | ||
| Q1 24 | 15.7% | -20.4% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | 2.4% | 13.9% | ||
| Q4 24 | 0.9% | 73.1% | ||
| Q3 24 | 0.7% | 27.9% | ||
| Q2 24 | 0.2% | 32.9% | ||
| Q1 24 | 0.3% | 41.8% |
| Q4 25 | 3.43× | -0.22× | ||
| Q3 25 | 2.79× | 1.60× | ||
| Q2 25 | 2.83× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
