Opera Limited (OPRA) Balance Sheet
OPRA balance sheet, 2025
December 31, 2025 · U.S. dollars$1.14B assets = $132.5M liabilities + $1.01B equity
Both columns are drawn to the same scale: what OPRA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPRA financial health
Descriptive bands, not a rating. Fiscal 2025.
OPRA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $640.5M2016 | $1.14B2025 | +6.6%/yr | |
| Total liabilities | $72.3M2016 | $132.5M2025 | +7.0%/yr | |
| Shareholders’ equity | $568.2M2016 | $1.01B2025 | +6.6%/yr | |
| Cash & short-term investments | $32.4M2016 | $155.5M2025 | +19.0%/yr | |
| Total debt | $12.0M2016 | $13.0M2025 | +0.8%/yr | |
| Net cash (debt) | $20.3M2016 | $142.5M2025 | +$122.2M | |
| Working capital | $25.7M2016 | $160.7M2025 | +$135.0M | |
| Book value per share | $5.182016 | $11.112025 | +8.9%/yr | |
| Current ratio | 1.482016 | 2.352025 | +0.87 | |
| Debt / equity | 0.022016 | 0.012025 | −0.01 | |
| Shares outstanding | 109.7M2016 | 91.0M2025 | −2.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPRA assets
OPRA liabilities and equity
OPRA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPRA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $155.5M | $126.8M | $93.9M | $118.7M | $181.0M | $135.0M | $236.0M | $179.1M | $33.0M | $32.4M |
| Cash & equivalents | $155.5M | $126.8M | $93.9M | $52.4M | $102.9M | $134.2M | $192.4M | $177.9M | $33.0M | $32.4M |
| Short-term investments | — | — | $2.2M | $66.2M | $78.1M | $856,030 | $43.7M | $1.3M | $2.5M | $8.2M |
| Receivables | $119.6M | $97.4M | $109.9M | $131.5M | $62.4M | $39.6M | $148.7M | $44.6M | $38.9M | $42.8M |
| Inventory | $0 | $0 | $1 | $90.0M | $9.2M | $9.1M | $7.8M | $14.6M | $2.4M | $3.8M |
| Other current assets | $4.4M | $7.7M | $4.7M | $0 | $288.4M | $324 | $25.8M | $0 | $0 | $0 |
| Total current assets | $279.5M | $231.9M | $208.5M | $340.2M | $541.0M | $183.7M | $418.3M | $238.1M | $74.3M | $79.0M |
| Property, plant & equipment (net) | $32.7M | $34.1M | $16.1M | $14.6M | $12.3M | $18.2M | $26.1M | $12.2M | $13.5M | $11.8M |
| Goodwill & intangible assets | $529.2M | $530.3M | $528.9M | $529.4M | $534.0M | $536.9M | $532.4M | $537.0M | $540.2M | $546.1M |
| Long-term investments | $300.2M | $261.3M | $256.3M | $2.6M | $319.0M | $361.1M | $77.7M | $37.1M | $7.4M | $2.9M |
| Other non-current assets | $1.6M | $0 | $1.1M | $77.8M | $0 | $9.8M | $6.2M | $944,000 | $958,000 | $725,000 |
| Total assets | $1.14B | $1.06B | $1.01B | $964.7M | $1.09B | $1.11B | $1.06B | $825.3M | $636.3M | $640.5M |
| Liabilities | ||||||||||
| Accounts payable | $89.5M | $72.7M | $49.3M | $40.0M | $32.5M | $22.4M | $48.7M | $14.3M | $16.5M | $24.4M |
| Short-term debt | $3.9M | $4.0M | $3.8M | $3.1M | $11.4M | $5.4M | $47.8M | $2.5M | $2.1M | $10.3M |
| Deferred revenue | $4.5M | $5.4M | $10.3M | $995,000 | $1.1M | $345,012 | $707,996 | $1.9M | $1.5M | $3.6M |
| Total current liabilities | $118.8M | $101.1M | $81.4M | $64.3M | $70.8M | $45.3M | $128.6M | $34.0M | $36.9M | $53.3M |
| Long-term debt | $0 | $0 | $0 | $4.7M | $2.1M | $3.6M | $9.2M | $2.3M | $4.0M | $1.7M |
| Lease obligations | $8.4M | $9.6M | $10.4M | $7.6M | $5.4M | $7.8M | $12.0M | $229,000 | $2.3M | $6.5M |
| Other long-term liabilities | $13.8M | $14.4M | $9.7M | $7.4M | $6.6M | $11.8M | $10.7M | $13.6M | $11.9M | $17.3M |
| Total liabilities | $132.5M | $115.5M | $91.1M | $76.5M | $79.4M | $60.7M | $148.4M | $49.8M | $52.8M | $72.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $18,000 | $18,000 | $24,000 | $24,000 | $23,999 | $738.7M | $576.5M | $576.5M |
| Retained earnings (deficit) | $674.7M | $536.6M | $445.2M | $273.3M | $249.2M | $283.3M | $99.5M | $36.4M | $5.4M | −$7.7M |
| Accumulated other comprehensive income | −$1.3M | −$4.9M | −$4.1M | −$3.4M | −$520,000 | $408,014 | −$1.5M | $316,000 | −$9.4M | −$1.8M |
| Total shareholders' equity | $1.01B | $940.1M | $919.9M | $888.2M | $1.01B | $1.05B | $912.2M | $775.5M | $583.5M | $568.2M |
| Key figures | ||||||||||
| Total debt | $13.0M | $9.6M | $10.5M | $7.8M | $13.5M | $9.0M | $57.0M | $4.8M | $6.1M | $12.0M |
| Net cash (debt) | $142.5M | $117.2M | $83.3M | $110.8M | $167.5M | $126.1M | $179.1M | $174.4M | $26.9M | $20.3M |
| Working capital | $160.7M | $130.8M | $127.0M | $275.9M | $470.2M | $138.4M | $289.8M | $204.1M | $37.5M | $25.7M |
| Tangible book value | $481.5M | $409.8M | $390.9M | $358.8M | $479.0M | $512.0M | $379.8M | $238.4M | $43.3M | $22.1M |
| Book value per share | $11.11 | $10.48 | $10.12 | $8.05 | $8.80 | $8.84 | $8.11 | $7.43 | $5.32 | $5.18 |
| Shares outstanding | 91.0M | 89.7M | 90.9M | 110.3M | 115.1M | 118.7M | 112.4M | 104.4M | 109.7M | 109.7M |
| Current ratio | 2.35 | 2.29 | 2.56 | 5.29 | 7.64 | 4.05 | 3.25 | 7.00 | 2.02 | 1.48 |
| Quick ratio | 2.32 | 2.22 | 2.50 | 3.89 | 3.44 | 3.85 | 2.99 | 6.58 | 1.95 | 1.41 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.01 | 0.01 | 0.02 |
| Equity / assets | 88.4% | 89.1% | 91.0% | 92.1% | 92.7% | 94.5% | 86.0% | 94.0% | 91.7% | 88.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $145.2M | $141.9M | $155.5M | $119.0M | $133.8M | $103.5M | $126.8M | $106.0M | $104.4M | $91.3M | $91.3M | $83.5M |
| Cash & equivalents | $145.2M | $141.9M | $155.5M | $119.0M | $133.8M | $103.5M | $126.8M | $106.0M | $104.4M | $91.3M | $91.3M | $83.5M |
| Short-term investments | — | — | — | — | — | — | — | −$3,203 | — | — | $0 | $0 |
| Receivables | $129.1M | $114.4M | $119.6M | $108.2M | $103.3M | $108.5M | $92.8M | $79.2M | $78.5M | $76.6M | $76.6M | $97.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $8.3M | $1 | $1 | $1 | −$4,703 |
| Other current assets | $6.7M | $6.8M | $4.4M | $5.9M | $5.9M | $6.5M | $12.3M | $1,642 | $3.9M | $7.2M | $7.2M | $173.7M |
| Total current assets | $281.0M | $263.1M | $279.5M | $233.2M | $243.0M | $218.6M | $231.9M | $193.4M | $186.7M | $175.2M | $175.2M | $354.9M |
| Property, plant & equipment (net) | $32.1M | $33.5M | $32.7M | $32.4M | $33.9M | $32.9M | $34.1M | $34.5M | $35.0M | $36.8M | $36.8M | $14.6M |
| Goodwill & intangible assets | $538.8M | $541.2M | $529.2M | $529.2M | $528.7M | $527.8M | $527.3M | $527.7M | $529.1M | $528.5M | $528.5M | $527.3M |
| Long-term investments | $308.7M | $301.5M | $300.2M | $263.7M | $262.7M | $262.6M | $261.3M | $255.9M | $255.9M | $256.4M | $256.3M | $2.5M |
| Other non-current assets | $1.6M | $1.6M | $1.6M | $1.3M | $1.3M | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $1.7M |
| Total assets | $1.16B | $1.14B | $1.14B | $1.06B | $1.07B | $1.04B | $1.06B | $1.01B | $1.01B | $998.0M | $998.0M | $901.0M |
| Liabilities | ||||||||||||
| Accounts payable | $92.3M | $89.8M | $89.5M | $75.1M | $79.2M | $68.6M | $75.3M | $63.7M | $53.0M | $52.7M | $52.7M | $46.8M |
| Short-term debt | $4.8M | $4.9M | $3.9M | $4.2M | $4.5M | $4.1M | $4.0M | $3.5M | $3.6M | $3.8M | $3.8M | $2.9M |
| Deferred revenue | $13.3M | $14.2M | $4.5M | $4.0M | $4.2M | $4.4M | — | $3.5M | $5.1M | $7.7M | $7.7M | $3.2M |
| Total current liabilities | $137.2M | $140.2M | $118.8M | $101.2M | $100.2M | $100.9M | $101.1M | $91.9M | $74.3M | $83.4M | $83.4M | $75.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.0M | $6.9M | $0 | $5.6M |
| Lease obligations | $8.0M | $8.9M | $8.4M | $8.8M | $9.7M | $9.6M | $9.6M | $9.0M | — | — | $10.4M | — |
| Other long-term liabilities | $11.5M | $11.8M | $13.8M | $11.0M | $13.8M | $12.6M | $14.4M | $9.0M | $5.1M | $5.5M | $12.4M | $299,000 |
| Total liabilities | $148.8M | $152.0M | $132.5M | $112.1M | $113.9M | $113.5M | $115.5M | $101.0M | $85.5M | $95.8M | $95.8M | $81.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Retained earnings (deficit) | $741.2M | $705.7M | $674.7M | $612.1M | $584.6M | $560.3M | $536.6M | $506.1M | $482.9M | $462.7M | $462.7M | $225.9M |
| Accumulated other comprehensive income | −$1.1M | −$1.1M | −$1.3M | −$1.7M | −$1.8M | −$3.8M | −$4.9M | −$2.8M | −$4.3M | −$4.4M | −$4.4M | −$5.5M |
| Total shareholders' equity | $1.01B | $989.0M | $1.01B | $947.6M | $955.8M | $929.5M | $940.1M | $911.7M | $922.4M | $902.2M | $902.2M | $819.5M |
| Key figures | ||||||||||||
| Total debt | $8.0M | $8.9M | $13.0M | $8.8M | $9.7M | $9.6M | $9.6M | $9.0M | $9.7M | $10.7M | $10.7M | $8.5M |
| Net cash (debt) | $137.2M | $133.0M | $142.5M | $110.2M | $124.1M | $94.0M | $117.2M | $97.0M | $94.7M | $80.6M | $80.6M | $75.0M |
| Working capital | $143.8M | $122.9M | $160.7M | $132.0M | $142.8M | $117.6M | $130.8M | $101.5M | $112.3M | $91.8M | $91.8M | $279.3M |
| Tangible book value | $474.7M | $447.7M | $481.5M | $418.5M | $427.0M | $401.7M | $412.8M | $384.0M | $393.4M | $373.7M | $373.7M | $292.2M |
| Book value per share | $11.13 | $10.85 | $11.11 | $10.44 | $10.58 | $10.31 | $10.48 | $10.19 | $10.33 | $10.11 | $10.11 | $8.98 |
| Shares outstanding | 91.1M | 91.1M | 91.0M | 90.8M | 90.3M | 90.2M | 89.7M | 89.5M | 89.3M | 89.2M | 89.2M | 91.2M |
| Current ratio | 2.05 | 1.88 | 2.35 | 2.31 | 2.43 | 2.17 | 2.29 | 2.10 | 2.51 | 2.10 | 2.10 | 4.69 |
| Quick ratio | 2.00 | 1.83 | 2.32 | 2.25 | 2.37 | 2.10 | 2.17 | 2.01 | 2.46 | 2.01 | 2.01 | 2.40 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 87.2% | 86.7% | 88.4% | 89.4% | 89.3% | 89.1% | 89.1% | 90.0% | 91.5% | 90.4% | 90.4% | 91.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2026); data from EODHD.
OPRA financial position
At the end of fiscal 2025 (December 31, 2025), Opera had total assets of $1.1 billion (up 8.3% from a year earlier), total liabilities of $132.5 million and shareholders' equity of $1.0 billion. It held $155.5 million in cash and short-term investments against $13.0 million of debt, a net cash position of $142.5 million. Its current ratio was 2.35. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $1.0 billion.
Related: OPRA income statement, OPRA cash flow statement, OPRA key metrics. See the OPRA stock overview for the latest quote and news.
OPRA balance sheet FAQ
What are Opera's total assets?
Opera reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Opera have?
Opera had $13.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Opera have?
Opera held $155.5 million in cash and short-term investments at the end of fiscal 2025; with $13.0 million of debt that is net cash of $142.5 million.
What is Opera's book value?
Opera's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2025, or $11.11 per share.
What is Opera's current ratio?
Opera had current assets of $279.5 million and current liabilities of $118.8 million, a current ratio of 2.35 (it can cover its short-term obligations).
How much goodwill does Opera have?
Opera carried $529.2 million of goodwill and intangible assets, 46.3% of total assets, at the end of fiscal 2025.