# Opera Limited American Depositary Shares (OPRA) — Stock CV

Opera Limited is a $1.56B technology company. Revenue grew 27.9% over the last year, it keeps 18¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 11.8× earnings.

> Opera Ltd is a consumer internet software company providing a diversified portfolio of high-performance web browsers and adjacent digital services to engaged user base The company has transitioned from browser developer to multi-faceted platform offering a products and services that include PC and mobile browsers,…

## Identity

- **Ticker**: OPRA
- **Sector**: Technology
- **Employees**: 665
- **Website**: https://www.opera.com
- **Market cap**: $1.56B
- **Last price**: $17.50
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $615M
- **Net income**: $108M
- **Free cash flow**: $125M
- **Net cash**: $137M
- **P/E**: 11.8
- **Revenue growth (YoY)**: 27.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 85 |
| Growth | 37 |
| Profitability | 64 |
| Health | 85 |
| Quality | 87 |
| Moat | 50 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +27.9% YoY
- [x] Profitable — $108M FY2025
- [x] Profit growing — +159.7% YoY
- [x] Generates cash — $125M FY2025
- [x] Debt under control — more cash than debt
- [ ] Established company — $1.56B market cap
- [x] Not printing shares — -0.3% shares over ~5y
- [ ] Proven track record — 4/5 profitable years
- [x] Financially stable — Altman Z 8.1 — safe
- [x] Pays a dividend — yield 4.79%
- [x] Valuation not extreme — P/E 11.8

## Experience (career milestones)

- **FY2023** — Best year on record: $153M net income
- **FY2022** — Turned profitable: $15.0M net income after a loss year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **1935** — Porgy and Bess (1935), influenced by jazz styles, and Candide (1956)
- **1873** — Ukrainian opera was developed by Semen Hulak-Artemovsky (1813–1873) whose most famous work Zaporozhets za Dunayem (A…

## Strengths

- High gross margin (63.2%)
- Revenue growing 27.9% year over year
- Strong cash conversion — FCF is 20.3% of revenue
- Net cash position after subtracting debt from cash
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $251M | -$44.0M | $53.5M |
| FY2022 | $331M | $15.0M | $80.9M |
| FY2023 | $397M | $153M | $81.6M |
| FY2024 | $481M | $80.8M | $112M |
| FY2025 | $615M | $108M | $125M |

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Source: https://stockcv.com/OPRA — derived from company filings; may be delayed or incomplete. Information, not investment advice.