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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($135.5M vs $88.4M, roughly 1.5× OPAL Fuels Inc.). Sezzle Inc. runs the higher net margin — 37.9% vs 18.3%, a 19.5% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (29.2% vs 18.7%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (111.9% CAGR vs 17.6%).
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.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
OPAL vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $135.5M |
| Net Profit | $16.2M | $51.3M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | 50.9% |
| Net Margin | 18.3% | 37.9% |
| Revenue YoY | 18.7% | 29.2% |
| Net Profit YoY | 401.5% | 41.9% |
| EPS (diluted) | $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.
| Q1 26 | — | $135.5M | ||
| Q4 25 | $88.4M | $78.2M | ||
| Q3 25 | $77.9M | $57.5M | ||
| Q2 25 | $77.4M | $52.0M | ||
| Q1 25 | $83.0M | $48.2M | ||
| Q4 24 | $74.5M | $48.4M | ||
| Q3 24 | $82.6M | $35.6M | ||
| Q2 24 | $69.8M | $30.2M |
| Q1 26 | — | $51.3M | ||
| Q4 25 | $16.2M | $42.7M | ||
| Q3 25 | $11.4M | $26.7M | ||
| Q2 25 | $7.6M | $27.6M | ||
| Q1 25 | $1.3M | $36.2M | ||
| Q4 24 | $-5.4M | $25.4M | ||
| Q3 24 | $17.1M | $15.4M | ||
| Q2 24 | $1.9M | $29.7M |
| Q1 26 | — | 50.9% | ||
| Q4 25 | 7.5% | 70.6% | ||
| Q3 25 | 4.6% | 61.9% | ||
| Q2 25 | -1.1% | 69.4% | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | -0.5% | 63.8% | ||
| Q3 24 | 14.9% | 58.6% | ||
| Q2 24 | 8.1% | 55.3% |
| Q1 26 | — | 37.9% | ||
| Q4 25 | 18.3% | 54.6% | ||
| Q3 25 | 14.6% | 46.4% | ||
| Q2 25 | 9.8% | 53.1% | ||
| Q1 25 | 1.5% | 75.1% | ||
| Q4 24 | -7.2% | 52.4% | ||
| Q3 24 | 20.7% | 43.4% | ||
| Q2 24 | 2.7% | 98.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.08 | $1.19 | ||
| Q3 25 | $0.05 | $0.75 | ||
| Q2 25 | $0.03 | $0.78 | ||
| Q1 25 | $-0.01 | $1.00 | ||
| Q4 24 | $-0.05 | $0.71 | ||
| Q3 24 | $0.09 | $0.44 | ||
| Q2 24 | $-0.01 | $0.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.4M | — |
| Total DebtLower is stronger | $361.3M | — |
| Stockholders' EquityBook value | $-12.9M | $196.7M |
| Total Assets | $959.5M | $454.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $24.4M | $64.1M | ||
| Q3 25 | $29.9M | $104.1M | ||
| Q2 25 | $29.3M | $88.9M | ||
| Q1 25 | $40.1M | $88.9M | ||
| Q4 24 | $24.3M | $73.2M | ||
| Q3 24 | $31.0M | $80.1M | ||
| Q2 24 | $27.6M | $58.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $196.7M | ||
| Q4 25 | $-12.9M | $169.8M | ||
| Q3 25 | $7.5M | $155.3M | ||
| Q2 25 | $-25.0M | $130.4M | ||
| Q1 25 | $57.1M | $125.8M | ||
| Q4 24 | $-148.4M | $87.8M | ||
| Q3 24 | $-180.1M | $61.1M | ||
| Q2 24 | $-273.0M | $50.3M |
| Q1 26 | — | $454.3M | ||
| Q4 25 | $959.5M | $400.2M | ||
| Q3 25 | $916.7M | $367.0M | ||
| Q2 25 | $905.5M | $350.6M | ||
| Q1 25 | $884.9M | $298.1M | ||
| Q4 24 | $881.1M | $298.4M | ||
| Q3 24 | $831.1M | $252.9M | ||
| Q2 24 | $782.3M | $212.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $-3.5M | — |
| Free Cash FlowOCF − Capex | $-13.4M | — |
| FCF MarginFCF / Revenue | -15.1% | — |
| Capex IntensityCapex / Revenue | 11.1% | — |
| Cash ConversionOCF / Net Profit | -0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $70.6M | ||
| Q3 25 | $18.2M | $63.7M | ||
| Q2 25 | $-7.9M | $23.1M | ||
| Q1 25 | $29.7M | $52.5M | ||
| Q4 24 | $-532.0K | $57.4M | ||
| Q3 24 | $17.7M | $35.1M | ||
| Q2 24 | $533.0K | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.4M | $70.6M | ||
| Q3 25 | $-9.3M | $63.6M | ||
| Q2 25 | $-29.7M | $22.7M | ||
| Q1 25 | $18.1M | $52.5M | ||
| Q4 24 | $-55.0M | $57.4M | ||
| Q3 24 | $-5.4M | $35.1M | ||
| Q2 24 | $-22.5M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | -15.1% | 90.2% | ||
| Q3 25 | -11.9% | 110.6% | ||
| Q2 25 | -38.4% | 43.6% | ||
| Q1 25 | 21.8% | 108.9% | ||
| Q4 24 | -73.8% | 118.5% | ||
| Q3 24 | -6.5% | 98.6% | ||
| Q2 24 | -32.2% | 73.4% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 0.1% | ||
| Q3 25 | 35.3% | 0.3% | ||
| Q2 25 | 28.2% | 0.8% | ||
| Q1 25 | 13.9% | 0.1% | ||
| Q4 24 | 73.1% | 0.1% | ||
| Q3 24 | 27.9% | 0.0% | ||
| Q2 24 | 32.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | -0.22× | 1.65× | ||
| Q3 25 | 1.60× | 2.39× | ||
| Q2 25 | -1.04× | 0.84× | ||
| Q1 25 | 23.11× | 1.45× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | 1.03× | 2.27× | ||
| Q2 24 | 0.28× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
SEZL
Segment breakdown not available.
