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

Opera Ltd is the larger business by last-quarter revenue ($142.7M vs $97.9M, roughly 1.5× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 12.8%, a 15.7% gap on every dollar of revenue.

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.

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

OPRA vs SAFE — Head-to-Head

Bigger by revenue
OPRA
OPRA
1.5× larger
OPRA
$142.7M
$97.9M
SAFE
Higher net margin
SAFE
SAFE
15.7% more per $
SAFE
28.5%
12.8%
OPRA

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
OPRA
OPRA
SAFE
SAFE
Revenue
$142.7M
$97.9M
Net Profit
$18.3M
$27.9M
Gross Margin
98.6%
Operating Margin
14.8%
27.4%
Net Margin
12.8%
28.5%
Revenue YoY
6.5%
Net Profit YoY
7.1%
EPS (diluted)
$0.38

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
OPRA
OPRA
SAFE
SAFE
Q4 25
$97.9M
Q3 25
$96.2M
Q2 25
$93.8M
Q1 25
$142.7M
$97.7M
Q4 24
$91.9M
Q3 24
$90.7M
Q2 24
$211.6M
$89.9M
Q1 24
$93.2M
Net Profit
OPRA
OPRA
SAFE
SAFE
Q4 25
$27.9M
Q3 25
$29.3M
Q2 25
$27.9M
Q1 25
$18.3M
$29.4M
Q4 24
$26.0M
Q3 24
$19.3M
Q2 24
$34.1M
$29.7M
Q1 24
$30.7M
Gross Margin
OPRA
OPRA
SAFE
SAFE
Q4 25
98.6%
Q3 25
98.5%
Q2 25
99.1%
Q1 25
98.8%
Q4 24
98.8%
Q3 24
98.8%
Q2 24
98.8%
Q1 24
98.8%
Operating Margin
OPRA
OPRA
SAFE
SAFE
Q4 25
27.4%
Q3 25
25.9%
Q2 25
25.5%
Q1 25
14.8%
25.9%
Q4 24
24.6%
Q3 24
17.5%
Q2 24
19.6%
26.7%
Q1 24
26.4%
Net Margin
OPRA
OPRA
SAFE
SAFE
Q4 25
28.5%
Q3 25
30.5%
Q2 25
29.8%
Q1 25
12.8%
30.1%
Q4 24
28.3%
Q3 24
21.3%
Q2 24
16.1%
33.0%
Q1 24
33.0%
EPS (diluted)
OPRA
OPRA
SAFE
SAFE
Q4 25
$0.38
Q3 25
$0.41
Q2 25
$0.39
Q1 25
$0.41
Q4 24
$0.36
Q3 24
$0.27
Q2 24
$0.42
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
OPRA
OPRA
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$2.4B
Total Assets
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPRA
OPRA
SAFE
SAFE
Q4 25
$21.7M
Q3 25
$12.1M
Q2 25
$13.9M
Q1 25
$17.3M
Q4 24
$8.3M
Q3 24
$15.6M
Q2 24
$13.4M
Q1 24
$11.3M
Total Debt
OPRA
OPRA
SAFE
SAFE
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Q1 24
$4.1B
Stockholders' Equity
OPRA
OPRA
SAFE
SAFE
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Total Assets
OPRA
OPRA
SAFE
SAFE
Q4 25
$7.2B
Q3 25
$7.1B
Q2 25
$7.1B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.8B
Q2 24
$6.8B
Q1 24
$6.7B
Debt / Equity
OPRA
OPRA
SAFE
SAFE
Q4 25
1.90×
Q3 25
1.89×
Q2 25
1.87×
Q1 25
1.85×
Q4 24
1.84×
Q3 24
1.88×
Q2 24
1.81×
Q1 24
1.81×

Cash Flow & Capital Efficiency

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

Metric
OPRA
OPRA
SAFE
SAFE
Operating Cash FlowLast quarter
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPRA
OPRA
SAFE
SAFE
Q4 25
$47.8M
Q3 25
$-1.4M
Q2 25
$28.0M
Q1 25
$8.9M
Q4 24
$37.9M
Q3 24
$8.3M
Q2 24
$24.8M
Q1 24
$-3.1M
Cash Conversion
OPRA
OPRA
SAFE
SAFE
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
1.45×
Q3 24
0.43×
Q2 24
0.83×
Q1 24
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPRA
OPRA

Segment breakdown not available.

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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