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Side-by-side financial comparison of Cadre Holdings, Inc. (CDRE) and Opera Ltd (OPRA). Click either name above to swap in a different company.

Cadre Holdings, Inc. is the larger business by last-quarter revenue ($167.2M vs $142.7M, roughly 1.2× Opera Ltd). Opera Ltd runs the higher net margin — 12.8% vs 7.0%, a 5.8% gap on every dollar of revenue.

RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

CDRE vs OPRA — Head-to-Head

Bigger by revenue
CDRE
CDRE
1.2× larger
CDRE
$167.2M
$142.7M
OPRA
Higher net margin
OPRA
OPRA
5.8% more per $
OPRA
12.8%
7.0%
CDRE

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
CDRE
CDRE
OPRA
OPRA
Revenue
$167.2M
$142.7M
Net Profit
$11.7M
$18.3M
Gross Margin
43.4%
Operating Margin
12.2%
14.8%
Net Margin
7.0%
12.8%
Revenue YoY
-5.0%
Net Profit YoY
-9.6%
EPS (diluted)
$0.22

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.

Revenue
CDRE
CDRE
OPRA
OPRA
Q4 25
$167.2M
Q3 25
$155.9M
Q2 25
$157.1M
Q1 25
$130.1M
$142.7M
Q4 24
$176.0M
Q3 24
$109.4M
Q2 24
$144.3M
$211.6M
Q1 24
$137.9M
Net Profit
CDRE
CDRE
OPRA
OPRA
Q4 25
$11.7M
Q3 25
$10.9M
Q2 25
$12.2M
Q1 25
$9.2M
$18.3M
Q4 24
$13.0M
Q3 24
$3.7M
Q2 24
$12.6M
$34.1M
Q1 24
$6.9M
Gross Margin
CDRE
CDRE
OPRA
OPRA
Q4 25
43.4%
Q3 25
42.7%
Q2 25
40.9%
Q1 25
43.1%
Q4 24
43.9%
Q3 24
36.6%
Q2 24
40.6%
Q1 24
41.8%
Operating Margin
CDRE
CDRE
OPRA
OPRA
Q4 25
12.2%
Q3 25
12.0%
Q2 25
9.3%
Q1 25
10.4%
14.8%
Q4 24
16.7%
Q3 24
5.0%
Q2 24
13.8%
19.6%
Q1 24
8.7%
Net Margin
CDRE
CDRE
OPRA
OPRA
Q4 25
7.0%
Q3 25
7.0%
Q2 25
7.8%
Q1 25
7.1%
12.8%
Q4 24
7.4%
Q3 24
3.3%
Q2 24
8.7%
16.1%
Q1 24
5.0%
EPS (diluted)
CDRE
CDRE
OPRA
OPRA
Q4 25
$0.22
Q3 25
$0.27
Q2 25
$0.30
Q1 25
$0.23
Q4 24
$0.32
Q3 24
$0.09
Q2 24
$0.31
Q1 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDRE
CDRE
OPRA
OPRA
Cash + ST InvestmentsLiquidity on hand
$122.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$317.8M
Total Assets
$770.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDRE
CDRE
OPRA
OPRA
Q4 25
$122.9M
Q3 25
$150.9M
Q2 25
$137.5M
Q1 25
$133.4M
Q4 24
$124.9M
Q3 24
$93.0M
Q2 24
$105.9M
Q1 24
$87.1M
Stockholders' Equity
CDRE
CDRE
OPRA
OPRA
Q4 25
$317.8M
Q3 25
$340.4M
Q2 25
$332.5M
Q1 25
$317.6M
Q4 24
$311.5M
Q3 24
$300.3M
Q2 24
$299.4M
Q1 24
$270.7M
Total Assets
CDRE
CDRE
OPRA
OPRA
Q4 25
$770.0M
Q3 25
$792.1M
Q2 25
$794.4M
Q1 25
$656.3M
Q4 24
$652.7M
Q3 24
$616.6M
Q2 24
$620.6M
Q1 24
$599.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CDRE
CDRE
OPRA
OPRA
Operating Cash FlowLast quarter
$21.3M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
10.7%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDRE
CDRE
OPRA
OPRA
Q4 25
$21.3M
Q3 25
$22.5M
Q2 25
$2.6M
Q1 25
$17.4M
Q4 24
$23.7M
Q3 24
$-5.2M
Q2 24
$11.1M
Q1 24
$2.1M
Free Cash Flow
CDRE
CDRE
OPRA
OPRA
Q4 25
$18.0M
Q3 25
$21.6M
Q2 25
$1.2M
Q1 25
$16.1M
Q4 24
$22.4M
Q3 24
$-6.2M
Q2 24
$9.1M
Q1 24
$794.0K
FCF Margin
CDRE
CDRE
OPRA
OPRA
Q4 25
10.7%
Q3 25
13.9%
Q2 25
0.7%
Q1 25
12.4%
Q4 24
12.7%
Q3 24
-5.7%
Q2 24
6.3%
Q1 24
0.6%
Capex Intensity
CDRE
CDRE
OPRA
OPRA
Q4 25
2.0%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
1.0%
Q4 24
0.7%
Q3 24
0.9%
Q2 24
1.4%
Q1 24
1.0%
Cash Conversion
CDRE
CDRE
OPRA
OPRA
Q4 25
1.81×
Q3 25
2.05×
Q2 25
0.21×
Q1 25
1.88×
Q4 24
1.83×
Q3 24
-1.43×
Q2 24
0.89×
Q1 24
0.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDRE
CDRE

U.s.state And Local Agencies$72.7M43%
Other$48.6M29%
U.s.Federal Agencies$31.6M19%
Commercial$12.0M7%

OPRA
OPRA

Segment breakdown not available.

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