Opera Limited Sponsored ADR
OPRA Communication Services Internet Content & Information
Opera Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $614.4 million, up 27.2% from fiscal 2024. In the quarter to June 2026, revenue grew 24.6%, EPS grew 72.2%, free cash flow fell 35.1% and total debt fell 38.4%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for three.
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Opera Limited Sponsored ADR (OPRA) Altman Z-score
Opera Limited Sponsored ADR's Altman Z-score for fiscal 2025 is 7.53, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.53 | (2.78) |
| FY2024 | 10.31 | 1.17 |
| FY2023 | 9.14 | 2.51 |
| FY2022 | 6.63 | (0.56) |
| FY2021 | 7.19 | (4.05) |
| FY2020 | 11.24 | 6.42 |
| FY2019 | 4.82 | (2.70) |
| FY2018 | 7.53 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.17 | |
| Retained earnings / total assets | 0.59 | — | 0.83 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 9.57 | — | 5.74 | |
| Sales / total assets | 0.54 | — | 0.54 | |
| Altman Z-score | Safe zone | 7.53 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 11.38 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| OPRA Opera Limited Sponsored ADR | 7.5× |
| YELP Yelp Inc. compare | 5.4× |
| PGRU PropertyGuru Group Limited compare | 3.7× |
| ATHM Autohome Inc. compare | 3.7× |
| UPWK Upwork Inc. compare | 3.6× |
| GENI Genius Sports Limited compare | 3.0× |
| WBTN WEBTOON Entertainment Inc. compare | 3.0× |
| DJT Trump Media & Technology Group Corp. compare | −0.5× |
| STUB StubHub Holdings, Inc. compare | −0.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets