OPRA
Opera Limited
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Last price
18.96
▲ 0.67 (3.66%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
18.29
Prev close
18.29
Day high
19.21
Day low
18.45
Volume
411.58K
Market cap
$1.70B
P/E (TTM)
13.74
52W range
11.71 – 21.06
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
6.73M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 18, 26 | FRODE FLETEN JACOBSEN Chief Financial Officer |
SELL | 70.00K | $1.31M | Direct |
| Jun 18, 26 | SONG LIN Chief Executive Officer |
SELL | 70.00K | $1.31M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FRODE FLETEN JACOBSEN |
Chief Financial Officer | 43.33K | Sale |
SONG LIN |
Chief Executive Officer | 120.85K | Sale |
Unusual options activity
Flagged2
Total notional$1.39M
Call notional$1.39M
Put notional$0
Tiltcall-weighted
Likely opening2 of 2
| Side | Strike | Expiry | Volume | Open int. | Vol / OI | Notional | IV | Score | |
|---|---|---|---|---|---|---|---|---|---|
| CALL | 4.00 | Oct 16, 26 54d |
565 | 0 | 3.0× | $909.65K | 251% | at ask | 87 |
| CALL | 5.00 | Oct 16, 26 54d |
320 | 0 | 3.0× | $476.80K | 228% | at ask | 83 |
How this is calculated, and what it cannot see
A contract is flagged when today's volume approaches or exceeds its open interest, the position is worth at least $40,000, and at least 150 contracts changed hands. Open interest is what was outstanding at yesterday's close, so volume above it means the flow cannot all be closing — something is being opened.
The score weights four things: volume against open interest, dollar notional, volume against the rest of that chain, and where the last print sat inside the bid/ask spread.
What it cannot see. Volume here is a daily total, so ten small orders and one large one are indistinguishable — this is not block or sweep detection, which needs exchange-level time and sales. The print column compares the last trade to the current quote, which is a proxy for who was the aggressor, not a tagged flag. Quotes are delayed. A single large trade can be a hedge, a roll, or one leg of a spread, and none of those mean what a naked directional bet would mean.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.88
Call-heavy session
Put / call open interest
1.02
Positioning, not flow
Max pain
19.00
+0.2% from spot
ATM implied vol
46.3%
Nearest strike to spot
Skew (10% OTM)
-0.2%
Calls bid over puts
Call volume
109
Contracts, this expiry
Put volume
96
Contracts, this expiry
Heaviest call OI
19.00
2.73K contracts
Heaviest put OI
17.00
2.89K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-6.74%
-5.4%
1M
+4.93%
+1.2%
3M
+8.16%
+5.1%
6M
+54.27%
+43.2%
YTD
+33.90%
+21.6%
1Y
+20.15%
+0.2%
3Y
+24.90%
-49.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.70B
Enterprise value$1.55B
Revenue (TTM)$682.99M
Gross profit$344.41M
EBITDA$121.29M
Net income$126.66M
EPS (TTM)$1.38
Free cash flow$111.68M
Total cash$145.21M
Total debt$8.00M
Book value / share$11.27
Shares outstanding89.55M
Float28.77M
Short % of float5.20%
Dividend yield4.22%
Beta (5Y)1.24
Short interest
Shares short
1.46M
Prior 1.62M
Change vs prior
-9.5%
Shorts covering
% of float
5.20%
Normal
% of shares out
1.63%
Against total outstanding
Days to cover
4.3
Liquid
Float
28.77M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E13.74
Forward P/E10.60
PEG ratio—
Price / sales—
Price / book1.68
EV / revenue2.27
EV / EBITDA12.77
Gross margin50.43%
Operating margin16.40%
Profit margin18.55%
Return on equity12.86%
Return on assets6.22%
Debt / equity0.79
Current ratio2.05
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $614.83M | $480.65M | $396.83M | $331.04M | +27.9% |
| Operating revenue | $614.83M | $480.65M | $396.83M | $331.04M | +27.9% |
| Cost of revenue | $220.50M | $132.56M | $93.25M | $54.59M | +66.3% |
| Gross profit | $394.32M | $348.09M | $303.58M | $276.45M | +13.3% |
| Selling, general & admin | $260.95M | $221.60M | $204.07M | $200.18M | +17.8% |
| Total operating expense | $302.30M | $255.71M | $240.00M | $231.45M | +18.2% |
| Operating income | $92.02M | $92.37M | $63.57M | $45.00M | -0.4% |
| Net interest income | $2.68M | $2.99M | $3.90M | $3.70M | -10.3% |
| Pre-tax income | $125.22M | $98.41M | $160.00M | $23.87M | +27.2% |
| Tax provision | $16.93M | $17.64M | $6.70M | $8.84M | -4.0% |
| Net income | $108.28M | $80.77M | $153.30M | $15.04M | +34.1% |
| Net income to common | $108.28M | $80.77M | $153.30M | $15.04M | +34.1% |
| Basic EPS | 1.21 | 0.91 | 1.90 | 0.14 | +33.0% |
| Diluted EPS | 1.19 | 0.90 | 1.86 | 0.14 | +32.2% |
| EBIT | $125.79M | $98.94M | $160.37M | $24.15M | +27.1% |
| EBITDA | $144.65M | $114.52M | $173.53M | $38.09M | +26.3% |
| Basic shares | 89.56M | 88.46M | 89.25M | 109.48M | +1.2% |
| Diluted shares | 90.96M | 89.68M | 90.92M | 110.33M | +1.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $155.47M | $126.80M | $93.86M | $52.41M | — | +22.6% |
| Cash & short-term investments | $155.47M | $126.80M | $93.86M | $118.66M | — | +22.6% |
| Accounts receivable | $112.59M | $92.82M | $69.38M | $57.92M | — | +21.3% |
| Total current assets | $279.46M | $231.90M | $208.46M | $340.21M | — | +20.5% |
| Property, plant & equipment | $32.74M | $34.06M | $16.07M | $14.62M | — | -3.9% |
| Goodwill & intangibles | $529.46M | $527.25M | $528.92M | $529.43M | — | +0.4% |
| Total assets | $1.14B | $1.06B | $1.01B | $964.69M | — | +8.3% |
| Total current liabilities | $118.77M | $101.09M | $81.41M | $64.33M | — | +17.5% |
| Current debt | — | — | $111.00K | $272.00K | $7.98M | — |
| Long-term debt | — | — | — | — | $155.00K | — |
| Total debt | $8.41M | $9.59M | $10.55M | $7.83M | — | -12.3% |
| Total liabilities | $132.53M | $115.48M | $91.09M | $76.47M | — | +14.8% |
| Retained earnings | $674.74M | $536.62M | $445.16M | $273.26M | — | +25.7% |
| Shareholder equity | $1.01B | $940.10M | $919.85M | $888.21M | — | +7.5% |
| Working capital | $160.69M | $130.81M | $127.05M | $275.88M | — | +22.8% |
| Net tangible assets | $481.26M | $412.85M | $390.93M | $358.78M | — | +16.6% |
| Shares issued | 91.25M | 88.48M | 87.52M | 89.22M | — | +3.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $125.22M | $98.41M | $160.00M | $23.87M | +27.2% |
| Depreciation & amortisation | $18.86M | $15.58M | $13.16M | $13.94M | +21.0% |
| Stock-based compensation | $30.08M | $8.63M | $14.93M | $9.07M | +248.5% |
| Change in working capital | -$9.86M | -$3.90M | -$2.71M | -$6.58M | -153.0% |
| Operating cash flow | $117.73M | $104.98M | $82.76M | $56.66M | +12.1% |
| Capital expenditure | -$15.24M | -$30.61M | -$6.40M | -$9.98M | +50.2% |
| Investing cash flow | -$14.45M | -$27.11M | $20.00M | $44.45M | +46.7% |
| Share buybacks | $0 | $0 | -$32.70M | -$146.07M | — |
| Dividends paid | -$71.17M | -$37.44M | -$23.11M | $0 | -90.1% |
| Financing cash flow | -$76.55M | -$42.15M | -$59.84M | -$150.58M | -81.6% |
| Free cash flow | $102.48M | $74.37M | $76.36M | $46.69M | +37.8% |
| End cash position | $155.47M | $126.80M | $93.86M | $52.41M | +22.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $175.77M | $177.21M | $151.94M | $142.96M | $142.72M | -0.8% |
| Operating revenue | $175.77M | $177.21M | $151.94M | $142.96M | $142.72M | -0.8% |
| Cost of revenue | $64.75M | $66.31M | $52.64M | $50.86M | $50.69M | -2.3% |
| Gross profit | $111.02M | $110.90M | $99.30M | $92.10M | $92.02M | +0.1% |
| Selling, general & admin | $67.50M | $69.78M | $66.95M | $63.62M | $60.60M | -3.3% |
| Total operating expense | $80.58M | $81.97M | $76.74M | $73.39M | $70.22M | -1.7% |
| Operating income | $30.43M | $28.94M | $22.56M | $18.71M | $21.81M | +5.2% |
| Net interest income | $708.00K | $775.00K | $679.00K | $671.00K | $558.00K | -8.6% |
| Pre-tax income | $29.89M | $64.08M | $22.58M | $17.76M | $20.79M | -53.4% |
| Tax provision | $5.10M | $8.37M | $3.97M | $2.09M | $2.51M | -39.1% |
| Net income | $24.79M | $55.71M | $18.62M | $15.68M | $18.28M | -55.5% |
| Net income to common | $24.79M | $55.71M | $18.62M | $15.68M | $18.28M | -55.5% |
| Basic EPS | 0.27 | 0.62 | 0.21 | 0.18 | 0.20 | -56.5% |
| Diluted EPS | 0.27 | 0.61 | 0.21 | 0.17 | 0.20 | -55.7% |
| EBIT | $30.00M | $64.20M | $22.70M | $17.99M | $20.91M | -53.3% |
| EBITDA | $35.21M | $69.14M | $27.55M | $22.62M | $25.34M | -49.1% |
| Basic shares | 90.47M | 89.65M | 89.58M | 89.50M | 89.49M | +0.9% |
| Diluted shares | 91.14M | 91.01M | 90.80M | 90.32M | 90.19M | +0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $141.90M | $155.47M | $119.04M | $133.82M | $103.55M | -8.7% |
| Cash & short-term investments | $141.90M | $155.47M | $119.04M | $133.82M | $103.55M | -8.7% |
| Accounts receivable | $107.95M | $112.59M | $101.27M | $96.77M | $103.07M | -4.1% |
| Total current assets | $263.10M | $279.46M | $233.22M | $243.00M | $218.58M | -5.9% |
| Property, plant & equipment | $33.48M | $32.74M | $32.44M | $33.95M | $32.90M | +2.2% |
| Goodwill & intangibles | $541.25M | $529.46M | $529.19M | $528.74M | $527.85M | +2.2% |
| Total assets | $1.14B | $1.14B | $1.06B | $1.07B | $1.04B | -0.2% |
| Total current liabilities | $140.21M | $118.77M | $101.18M | $100.18M | $100.94M | +18.1% |
| Total debt | $8.87M | $8.41M | $8.82M | $9.73M | $9.55M | +5.4% |
| Total liabilities | $151.97M | $132.53M | $112.15M | $113.93M | $113.52M | +14.7% |
| Retained earnings | $705.71M | $674.74M | $612.14M | $584.57M | $560.34M | +4.6% |
| Shareholder equity | $988.98M | $1.01B | $947.64M | $955.76M | $929.58M | -2.2% |
| Working capital | $122.89M | $160.69M | $132.04M | $142.83M | $117.64M | -23.5% |
| Net tangible assets | $447.73M | $481.26M | $418.46M | $427.02M | $401.72M | -7.0% |
| Shares issued | 91.15M | 91.25M | 89.65M | 89.51M | 89.50M | -0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $29.89M | $64.08M | $22.58M | $17.76M | $20.79M | — | -53.4% |
| Depreciation & amortisation | $5.21M | $4.94M | $4.85M | $4.63M | $4.43M | — | +5.4% |
| Stock-based compensation | $6.03M | $7.70M | $8.36M | $8.26M | $5.76M | — | -21.6% |
| Change in working capital | $4.39M | $4.51M | -$6.52M | $7.34M | -$15.20M | — | -2.7% |
| Operating cash flow | $42.15M | $40.21M | $28.45M | $33.12M | $15.95M | — | +4.8% |
| Capital expenditure | -$5.35M | -$3.58M | -$5.98M | -$2.87M | -$2.83M | — | -49.5% |
| Investing cash flow | -$5.77M | -$2.65M | -$6.43M | -$1.97M | -$3.40M | — | -118.0% |
| Share buybacks | -$12.85M | — | — | — | $0 | $0 | — |
| Dividends paid | -$35.88M | $0 | -$35.77M | $0 | -$35.40M | — | — |
| Financing cash flow | -$50.13M | -$1.47M | -$37.11M | -$1.37M | -$36.61M | — | -3,310.4% |
| Free cash flow | $36.80M | $36.63M | $22.48M | $30.25M | $13.12M | — | +0.4% |
| End cash position | $141.90M | $155.47M | $119.04M | $133.82M | $103.55M | — | -8.7% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.33 | 0.33 | +0.1% |
| Mar 2026 | 0.31 | 0.34 | +8.5% |
| Dec 2025 | 0.37 | 0.30 | -18.6% |
| Sep 2025 | 0.31 | 0.30 | -2.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.36 | 4 | $182.43M | +20.1% |
| Next quarter | 0.40 | 4 | $203.88M | +15.0% |
| Current year | 1.45 | 5 | $739.98M | +20.4% |
| Next year | 1.79 | 5 | $852.96M | +15.3% |
Analyst targets & ownership
Mean target$26.29
High target$33.00
Low target$23.00
Implied upside38.64%
Analyst count7
ConsensusSTRONG BUY
Strong buy / Buy1 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders7.57%
Held by institutions19.01%
Institutions holding175
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 20, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Jan 13, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Apr 29, 25 | Lake Street | MAINTAINED | Buy | Buy |
| Apr 14, 25 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Feb 5, 25 | Piper Sandler | INITIATED | — | Overweight |
| Oct 30, 24 | TD Cowen | MAINTAINED | Buy | Buy |
| Oct 30, 24 | Lake Street | MAINTAINED | Buy | Buy |
| Oct 30, 24 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Oct 30, 24 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Aug 23, 24 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Mar 1, 24 | TD Cowen | MAINTAINED | Outperform | Outperform |
| Dec 13, 23 | Goldman Sachs | INITIATED | — | Buy |
Moving averages & technicals
SMA 10
19.49
-2.69% from price
SMA 20
19.43
-2.42% from price
SMA 50
19.27
-1.60% from price
SMA 100
18.29
+3.64% from price
SMA 200
16.06
+18.08% from price
EMA 12
19.26
-1.58% from price
EMA 26
19.33
-1.94% from price
EMA 50
19.07
-0.60% from price
RSI (14)
46.6
Neutral
MACD (12,26,9)
-0.07
Hist -0.16
ATR (14)
0.75
3.94% of price
Realised vol 30D
46.3%
Annualised
Bollinger upper
20.76
20, 2σ
Bollinger lower
18.10
20, 2σ
50 / 200 cross
Golden
19.27 vs 16.06
Trend bias
Above 200
+18.08%
Risk profile
Beta vs SPY
1.60
More volatile than market
Correlation to SPY
0.39
Loosely linked
Realised vol 30D
46.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-42.9%
Peak to trough
Max drawdown 5Y
-62.5%
Peak to trough
ATR 14
0.75
3.94% of price
Beta (reported)
1.24
5Y monthly, from filing
Dividends & splits
Forward rate$0.80 / yr
Forward yield4.22%
5-year avg yield—
Payout ratio86.96%
Ex-dividend dateJul 7, 2026
Next pay dateJul 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-19
Corporate Changes & Voting Matters
6-K · 2026-06-10
Corporate Changes & Voting Matters
6-K · 2026-04-28
Periodic Financial Reports
20-F · 2026-03-27
Corporate Changes & Voting Matters
6-K · 2026-02-02
Offering Registrations
S-8 · 2026-01-09
Corporate Changes & Voting Matters
6-K · 2025-12-11
Corporate Changes & Voting Matters
6-K · 2025-12-09
Headlines
Why Opera Stock Sank This Week
Motley Fool · 12h ago
European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
MT Newswires · 2d ago
B. Riley Adjusts Price Target on Opera to $28 From $27, Maintains Buy Rating
MT Newswires · 2d ago
Opera (OPRA) Q2 2026 Earnings Call Transcript
Motley Fool · 3d ago
Opera Hits Sour Note With Soft Full-Year Sales Guidance
Investor's Business Daily · 3d ago
Opera Ltd (OPRA) (Q2 2026) Earnings Call Highlights: AI-Driven Growth and Record Revenue Fuel ...
GuruFocus.com · 3d ago
European Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
MT Newswires · 3d ago
Opera Q2 Earnings Call Highlights
MarketBeat · 3d ago
PRIVATE STRATEGY · BY QUALIFICATION
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