Opera Ltd
OPRA · Services-Prepackaged Software · EDGAR filings ↗
Reference price $18.52 — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B80Profitable, fast-growing browser/ad franchise with high margins and strong cash generation, but in an intensely competitive market.
Strengths
- Revenue +28% (84.7th pct), net margin 17.6% (78.5th), operating margin 14.6% (74.5th)
- ROA 9.5% (80.7th pct), interest coverage 147 (89.7th), positive FCF $112M and a recurring dividend
Risks
- Competes against Chrome/Safari/Edge with structural distribution disadvantages; AI-native browsers a threat
- ROE 10.7% only mid-pack; Russia monetization and OPay valuation volatility
Notable findings
- Fund exitedNotable fund(s) exited this quarter: GOLDMAN SACHS GROUP INC
- Strong balance sheetStrong balance sheet — $155M cash & investments
- Notable holderHeld by 3 notable fund(s): CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$3M, last 6mo) Form 4 ↗
Key metrics
Operating margin
14.7%
Net margin
17.6%
Return on equity
10.7%
Return on assets
9.5%
Revenue growth (QoQ)
27.9%
Net-income growth
34.1%
Interest coverage
147.7×
Current ratio
2.4×
Free cash flow
$112M
Tangible book value
$580M
Cash & investments
$155M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Jacobsen Frode | Sell | 44K | $18.52 |
| 2026-06-18 | Song Lin | Sell | 44K | $18.52 |
| 2026-06-17 | Jacobsen Frode | Sell | 26K | $18.88 |
| 2026-06-17 | Song Lin | Sell | 26K | $18.88 |
| 2026-03-26 | Zhou Yahui | Other | 486K | $15.21 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-27 | 2025-12-31 | 0001737450-26-000005 ↗ |
| 20-F | 2025-04-10 | 2024-12-31 | 0000950170-25-052668 ↗ |
| 20-F | 2024-04-24 | 2023-12-31 | 0001437749-24-012913 ↗ |
| 20-F | 2023-04-20 | 2022-12-31 | 0001437749-23-010743 ↗ |
| 20-F | 2022-04-26 | 2021-12-31 | 0001437749-22-009745 ↗ |
| 20-F | 2021-06-11 | 2020-12-31 | 0001437749-21-014514 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0001437749-20-009032 ↗ |
| 20-F | 2019-04-17 | 2018-12-31 | 0001437749-19-007403 ↗ |