Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Opera Limited

OPRANASDAQ
Wall Street Score · overall investment70/100
$18.36USD+$0.67 (+3.79%)
Company website www.opera.com
HeadquartersVitaminveien 4, Oslo, PS, 0485, NO
Financial statement currencyUSD · no FX conversion applied
Communication Services · Internet Content & Information
Price updated todayFinancials updated Oct 12, 2026

OPRA · Price history

Price at last available close

$18.36

+$0.96 (+5.52%) 1M

2026-10-27

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Company & revenue

About Opera Limited

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Ireland, Singapore, the United States, and internationally. The company offers specialized browsers, including Opera One browser, Opera AI, Opera GX; Opera Neon, a subscription-based agentic AI browser designed for productivity-oriented users; and offers Web3 and e-commerce services. It also operates Opera Ads, an online advertising platform; GameMaker, a 2D gaming development platform; and Opera News, an AI-powered personalized news discovery and aggregation service.

How they make money

Opera generates revenue primarily through search and advertising partnerships. The company monetizes its user base by integrating search engines into its browsers, where it receives a share of the revenue generated from user queries, and by providing advertising inventory across its browser platforms and content discovery services.

Products & services

Opera provides web browsers for mobile and desktop devices, including Opera, Opera GX, and Opera Mini, which feature integrated AI tools, ad blockers, VPN services, and content discovery platforms.

Brands & revenue mix

Opera

Flagship browser brand.

Separate brand revenue is not available in this research.Source

Opera GX

Gaming-focused browser brand.

Separate brand revenue is not available in this research.Source

Opera Mini

Mobile-focused browser brand.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

A substantial portion of the company's revenues is derived from users' query activities within Opera browsers, creating a dependency on the search ecosystem and major search providers as of 2025-12-31.

Suppliers, materials & equipment

  • Search engine providers — The company relies on major search providers to power search functionality within its browsers, which is a critical component of its revenue model.Source

Competitors

  • Google — Competes in the web browser market with Chrome and provides search services.Source
  • Mozilla — Competes in the web browser market with Firefox.Source
  • Microsoft — Competes in the web browser market with Edge.Source

Strengths

  • Large global user base across mobile and desktop platformsSource
  • Integration of AI-driven features and content discoverySource

Risks

  • Dependency on search query revenue and search provider relationshipsSource
  • Regulatory developments affecting search and advertising ecosystemsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

70

Strong

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

76

Strong

Financial Strength

59

Business Quality / Moat

90

Management

98

Growth Quality

52

Risk / Durability

85

Great Company · Attractive Price

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

85

Attractive

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

82/100

Building Historical Record

Model Score 82/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is strong across its combined quality, valuation and risk inputs. Review Company Quality separately to assess the business without its share price.

At today’s price, the WSS valuation framework currently reads as relatively attractive.

The model outlook is currently positive.

What we like
  • •Strong overall Wall Street Score
  • •Valuation scores attractively
What to watch

No material warning is currently being highlighted from the available summary data.

Company-specific research

Questions worth answering for OPRA

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can OPRA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is OPRA's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •How is OPRA likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • •Is OPRA's valuation discount tied to a temporary concern or to a longer-term business risk?
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

70

0–100 · Strong

Opportunity Score

85

0–100 · Excellent

Market Cap

$1.63B

P/E Ratio

12.5

EPS

$1.41

52-Week High

$20.78

52-Week Low

$11.71

Beta

1.20

Intrinsic Value

$54.29

Analyst Target

$21.25

Shares Outstanding

91.0M

Total Revenue

$682.2M

Total Debt

$8.0M

Dividend Yield (TTM)

4.36%

View dividend history

Liquidation Value / Share

$11.14

Estimated net asset value per share

Dividend / Share (TTM)

$0.80

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
60/ 100
+19 pts / 5d

Neutral / mixed momentum

5D +4.4% · 20D +4.6% · RSI 62 · Price vs 20D avg +4.0%
Volatility
30/ 100
+7 pts / 5d

Low movement

20D realized vol 35.3% · 60D 34.5% · Acceleration 1.02x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for OPRA

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on OPRA.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Large global user base across mobile and desktop platforms.
  • +Integration of AI-driven features and content discovery.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Internet Content & Information industry.
  • −Dependency on search query revenue and search provider relationships.
  • −Regulatory developments affecting search and advertising ecosystems.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Strong70/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Strong

70

Tap for breakdown →

Fair

53

Debt Cost4.7%
Debt Reduction YoY-35.1%
Debt / Equity0.01x

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Fair

50

Revenue YoY10.6%
Revenue CAGR24.7%
Net Margin18.5%

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Fair

50

Asset Growth YoY8.3%
Liquidation/Share$11.14
Net Assets/MCap0.73x

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Fair

66

Earnings Yield8.0%
Buyback Yield2.8%
Debt Cost4.7%

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Elite

98

ROIC9.1%
ROE12.5%
ROA10.9%

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Elite

90

EPS Growth38.3%
FCF/Share Growth33.8%
Rev/Share Growth29.3%

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Elite

97

Intrinsic Value$54.29
Value Reference$32.57
MOS67.3%

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Fair

69

Revenue50
Moat90
Valuation97

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Elite

100

MOS %67.3%
Value Reference$32.57
Deep Discount Reference$21.71

Tap for breakdown →

Weak

41

Interest Coverage151.5x
ROIC9.1%
FCF Yield7.3%

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Fair

61

Financial41
Valuation97
Debt53

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Strong

87

Survival Years1.2 yrs
Current Ratio2.35x
FCF Margin18.7%

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Score Changes

3 historical score records available

Previous Score

70

Oct 1, 2026

Change

-0.3

points

Current Score

70

Oct 12, 2026

Category Changes

Revenue-0.2
Debt0
Assets-0.3
Capital-1.0
Management0
Moat0
Valuation0
Buffett-0.1

OPRA decreased 0.3 points because some fundamentals weakened.

Projected Score

Projected Score

75

Projected Change

+4.5 points

Preliminary comparable-period financial changes suggest improvement of approximately 4.5 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$18.36

Model Intrinsic Value

$54.29

Difference

−$35.93

-66.2% vs IV

Margin of Safety

66.2%

UndervaluedFair ValueOvervalued
Value Reference: $32.57
Deep Discount Reference: $21.71

Financial Charts

Revenue

2016201720182019202020212022202320242025$0$200M$400M$600M$800M

Additional Metrics

Operating Cash Flow

201620172019202120232025-$45M$0$45M$90M$135M

Total Debt

201620172019202120232025$0$15M$30M$45M$60M

Total Assets

201620172019202120232025$0$300M$600M$900M$1.2B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$682.2M$616.7M$480.6M$396.8M····························
Cost of Revenue$321.4M$350.7M$132.6M$93.3M····························
Gross Profit$360.8M$266.0M$348.1M$303.6M····························
Research & Development$0.00$0.00$46.5M$0.00····························
SG&A Expenses$226.4M$173.3M$221.6M$204.1M····························
Operating Expenses$249.5M$173.3M$255.8M$240.7M····························
EBITDA$166.3M$145.1M$114.5M$173.5M····························
Operating Income$111.3M$92.7M$92.3M$62.9M····························
Interest Expense$492K$612K$530K$646K····························
Income Before Tax$150.0M$125.6M$98.4M$160.0M····························
Income Tax Expense$23.5M$17.0M$17.6M$6.7M····························
Net Income$126.5M$108.6M$80.8M$153.3M····························
Basic EPS$1.41$1.21$0.91$1.72····························
Basic Shares89.23M89.56M88.46M89.26M····························
Diluted Shares91.08M90.96M89.68M90.92M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 4, 2026
Estimated EPS: $0.26Estimated revenue: $182.4M
Jun 30, 2026Q2FY2026

Revenue

$177.5M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.30

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-17.7%

Cash Change

+8.5%

Margin Change

+4.5 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew
  • Debt reduced

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 24.2%. EPS increased 76.5%. Cash increased 8.5%. Total debt declined 17.7%. Net income margin improved by 4.5 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

3 historical records
Jul 24, 26Oct 1, 26Oct 12, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Debt Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Revenue Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Asset Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Capital Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Management Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Moat Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Valuation Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Buffett Score

Jul 24, 26Oct 1, 26Oct 12, 260255075100

Intrinsic Value

Jul 24, 26Oct 1, 26Oct 12, 26$45.00$48.00$51.00$54.00$57.00

Value Reference

Jul 24, 26Oct 1, 26Oct 12, 26$26.00$28.00$30.00$32.00$34.00

Margin of Safety %

Jul 24, 26Oct 1, 26Oct 12, 260.6%0.6%0.7%0.7%0.7%

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News

Rumor Mill · OPRA

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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