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Makes the Opera web browser and related consumer apps, plus fintech and AI-powered browsing features, especially in emerging markets.
Makes the Opera web browser and related consumer apps, plus fintech and AI-powered browsing features, especially in emerging markets.
Earns mostly from advertising, including payments from search engines for being the browser's default or featured option and ads on its start page and news feed, because the browser itself is free. Fintech apps add a growing second line, alongside its newer AI features.
Moat: narrow (brand, installed base, distribution). Established browser brand with a strong emerging-market user base, in a market dominated by Chrome/Safari.
Headquarters: Oslo, Norway · Founded: 1995 · Employees: 605
Size Opera Limited Sponsored ADR (OPRA) is a United States Information Technology company (Packaged Software) with a market value of $1.31B, the 2077th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.72 on 6 Nov 2026.
Performance Over six months the shares fell 21.4%, against +8.7% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 18 in its peer set.
Growth Revenue grew 23.2% over the last twelve months (peer median +10.3%); the operating margin is 16.3% (peer median 3.8%).
Valuation It trades at 11.9× forward earnings against a peer median of 16.8× (2nd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.3 points below its cost of capital (11.3% WACC).
Backlog Backlog (remaining performance obligations) was $53.2M at 31 Dec 2025, up 24% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 1.5% of the free float (15 Oct 2026).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $684M | $617M | $479M | $397M | $332M |
| Revenue growth | — | +29% | +21% | +20% | — |
| Gross profit | $294M | $252M | $240M | $208M | $188M |
| EBITDA | $132M | $112M | $105M | $76.1M | $58.6M |
| Net income | $127M | $109M | $80.5M | $153M | $15.1M |
| Free cash flow | $128M | $115M | $84.2M | $83.6M | $54.6M |
| Capital expenditure | $18.9M | $15.3M | $30.5M | $6.41M | $9.99M |
| Total debt | $8.00M | $8.41M | $9.59M | $10.5M | $7.83M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Opera Limited Sponsored ADR OPRA | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| Alibaba Group Holding Limited Sponsored ADR BABA | $255B | -22% | +8% | 4% | 14.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OPRA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -3.5% | 6th lowest of 21 |
| 6-month return | -21.4% | +8.7% | 4th lowest of 18 |
| Distance from 52-week high | -29.2% | -33.9% | 10th highest of 21 |
| Revenue growth (TTM) | +23.2% | +10.3% | 8th highest of 21 |
| Operating margin | 16.3% | 3.8% | 2nd highest of 21 |
| Forward P/E | 11.9× | 16.8× | 2nd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 4.5% | 16.7% | 4th least demanding of 13 |
| Growth delivered (Del g) | +30.1% | +14.8% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -25.5 pp | +1.6 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | -1.3 pp | -9.3 pp | 8th highest of 21 |
| EV / EBITDA | 8.9× | 11.6× | 4th cheapest of 9 |
| Net debt / EBITDA | -1.0× | -2.0× | 6th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| Transwarp Technology (Shanghai) 6727.HK | Hong Kong | $1.33B | n/a | +32% | -50% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | n/a | n/a | n/a |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
Opera Limited Sponsored ADR reported $53.2M of remaining performance obligations at 31 Dec 2025, up 24% from a year earlier. That is 0.1 years of trailing revenue already under contract.