RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. functions as a closed-end mutual fund primarily dedicated to investments in fixed income markets. RiverNorth Capital Management, LLC originally launched and provides primary oversight for the fund, with DoubleLine Capital LP acting as a co-manager. Established in the United States on December 30, 2010, the fund's objective is to benchmark its portfolio's performance against the Barclays Capital U.S. Aggregate Bond Index.
Industry: Asset Management
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
NYSE:OPPFinancial Services · Asset Management
+0.00%$6.88
AH Close$6.88+0.00%vs close
AH Close$6.88+0.00%vs close
Mkt Cap$171.93M
Float24.74M
O/S24.99M
Inst Own36.5%
SI0.2%
Div Yield15.99%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$25M
Net Income$20.03M
Total Assets$334.6M
Free Cash Flow$30.43M
Debt & Equity
Debt 1%
Equity 73%
Preferred 26%
Total Debt$4.19M
Total Equity$329.21M
Preferred Stock$120M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in OPP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$334.6M
Liabilities$5.38M
Accounts Receivable$2.62M
Accounts Payable$716K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 |
| Revenue | $25M | $25.8M | $31.03M | $19.82M | -$32.15M | $37.41M | -$10.27M | $15.77M | $5.62M | $14.84M |
| YoY Growth | -3.1% | -16.8% | 56.6% | -161.6% | -185.9% | -464.4% | -165.1% | 180.5% | -62.1% | - |
| Cost of Revenue | $5.47M | $5.51M | $99K | $4.59M | $4.47M | $3.58M | $3.61M | $3.57M | $3.62M | $2.49M |
| Gross Profit | $19.53M | $25.8M | $31.03M | $15.22M | -$36.62M | $33.83M | -$13.88M | $12.2M | $2M | $12.35M |
| Gross Margin | 78.1% | 100.0% | 100.0% | 76.8% | 113.9% | 90.4% | 135.2% | 77.3% | 35.6% | 83.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 |
| Selling, General, and Administrative | $2.23M | $2.29M | $2.38M | $1.43M | $1.09M | $945K | $1.05M | $1.02M | $961K | $1 |
| Other | -$2.84M | $343K | $82K | $79K | $75K | $74K | $131K | $76K | $36K | $11.21M |
| Total Operating Expenses | -$610K | $2.64M | $2.47M | $1.51M | $1.16M | $1.02M | $1.18M | $1.09M | $997K | $11.21M |
| Operating Income (EBIT) | $20.14M | $23.17M | $28.66M | $5.76M | -$33.19M | $36.87M | -$9.59M | $17.14M | $4.63M | -$607K |
| Operating Margin | 80.6% | 89.8% | 92.4% | 29.1% | 103.3% | 98.6% | 93.4% | 108.7% | 82.3% | -4.1% |
| Interest Expense | $110K | $0 | $99K | $5K | $116K | $444K | $1.86M | $2.47M | $1.88M | $0 |
| Interest Income | $27.59M | $29.65M | $29.7M | $22.31M | $18M | $14.14M | $13.51M | $12.86M | $12.81M | $0 |
| Other Income (Expense) | -$110K | -$101K | -$99K | -$5K | -$116K | -$479K | -$1.86M | $3.57M | $0 | $16.06M |
| Income Before Tax (EBT) | $20.03M | $23.17M | $28.56M | $5.76M | -$33.31M | $36.39M | -$11.45M | $14.68M | $4.63M | -$607K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.14M | $0 | $16.21M |
| Net Income | $20.03M | $23.17M | $28.56M | $5.76M | -$33.31M | $36.39M | -$11.45M | $14.68M | $4.63M | $16.21M |
| Net Income Margin | 80.1% | 89.8% | 92.1% | 29.1% | 103.6% | 97.3% | 111.5% | 93.1% | 82.3% | 109.2% |
| Supplementary Data | ||||||||||
| EPS | 0.58 | 0.74 | 1.00 | 0.01 | -1.71 | 2.29 | -0.84 | 1.31 | 0.41 | 1.05 |
| Diluted EPS | 0.58 | 0.74 | 1.00 | 0.01 | -1.71 | 2.29 | -0.84 | 1.31 | 0.41 | 1.12 |
| Weighted Average OS | 24.99M | 23.81M | 23.16M | 22.97M | 19.44M | 15.09M | 13.63M | 11.21M | 11.24M | 11.24M |
| EBITDA | $20.14M | $23.17M | $28.66M | $5.76M | -$33.19M | $36.87M | -$9.42M | $14.68M | $4.63M | $15.45M |
| EBITDA Margin | 80.6% | 89.8% | 92.4% | 29.1% | 103.3% | 98.6% | 91.8% | 93.1% | 82.3% | 104.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $112 | $8K | $1.08M | $444K | $11K | $2.01M | $99K | $34K | $0 | -$20.63M |
| Short-Term Investments | $10.97M | $0 | $25.28M | $25.04M | $40.32M | $0 | $0 | $0 | $19.06M | $20.63M |
| Cash and Short-Term Investments | $10.97M | $8K | $26.36M | $25.48M | $40.33M | $2.01M | $99K | $34K | $19.06M | $20.63M |
| Accounts Receivable | $2.62M | $3.65M | $4.31M | $3.06M | $2M | $3.66M | $1.62M | $1.6M | $1.18M | $1.33M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$22.52M | -$25.28M | $10 | $0 | $22.9M | $8.22M | $0 | -$19.06M | -$21.96M |
| Total Current Assets | $13.58M | $3.65M | $5.39M | $3.5M | $2.02M | $5.67M | $1.72M | $1.63M | $1.18M | $0 |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $320.51M | $316.83M | $333.78M | $339.09M | $344.94M | $312.26M | $263.66M | $272.67M | $281.37M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $507K | $336.26M | $317K | $342.42M | $340.42M | $0 | $0 | -$272.67M | -$281.37M | $53K |
| Total Long-Term Assets | $321.02M | $336.26M | $334.1M | $339.09M | $344.94M | $312.26M | $263.66M | $272.67M | $281.37M | $0 |
| Other Assets | $0 | $339.92M | $339.48M | $450K | $58K | $240K | $185K | $4K | $20K | $292.87M |
| Total Assets | $334.6M | $339.92M | $339.48M | $343.05M | $340.49M | $318.17M | $265.57M | $274.3M | $282.57M | $292.87M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $716K | $2.45M | $3.02M | $1.75M | $684K | $11.85M | $146K | $1.14M | $2.13M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | -$615K | $0 | -$681K | $0 | -$381K | -$413K | -$366K | $0 |
| Total Current Liabilities | $1.19M | $2.45M | $3.02M | $1.75M | $684K | $11.85M | $146K | $1.14M | $2.13M | $0 |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $4.19M | $0 | $0 | $0 | $10K | $21M | $0 | $0 | $73.5M | $71.5M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.19M | $4.67M | $615K | $633K | $671K | $0 | $0 | $0 | -$73.5M | $597K |
| Total Long-Term Liabilities | $5.38M | $4.67M | $615K | $633K | $684K | $21M | $65.5M | $73.5M | $73.5M | $72.1M |
| Other Liabilities | $0 | $0 | $0 | -$2.39M | -$3K | $486K | $414K | $444K | $382K | $0 |
| Total Liabilities | $5.38M | $7.12M | $3.63M | $1.75M | $1.37M | $33.34M | $66.06M | $75.09M | $76.01M | $72.1M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $120M | $120M | $120M | $120M | $120M | $60M | $0 | $0 | $0 | $0 |
| Common Stock | $279.09M | $284.09M | $287.43M | $301.55M | $278.73M | $231.49M | $226.59M | $202.7M | $212.01M | $215.45M |
| Retained Earnings | -$69.88M | -$71.29M | -$71.58M | -$10M | -$2.3M | -$6.66M | -$27.08M | -$3.49M | $0 | $284K |
| Comprehensive Income & Other | $0 | $0 | $0 | -$70.89M | -$57.31M | $0 | -$27.08M | -$3.49M | -$5.45M | $5.03M |
| Other Stockholders' Equity | $120M | $120M | $120M | $49.11M | $62.69M | $60M | $0 | $0 | -$5.45M | $5.03M |
| Total Equity | $329.21M | $332.8M | $335.85M | $340.66M | $339.12M | $284.83M | $199.51M | $199.21M | $206.56M | $220.77M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $334.6M | $339.92M | $339.48M | $342.41M | $340.49M | $318.17M | $265.57M | $274.3M | $282.57M | $292.87M |
| Supplementary Data | ||||||||||
| Total Debt | $4.19M | $4.19M | $0 | $0 | $10K | $21M | $65.5M | $73.5M | $73.5M | $71.5M |
| Net Debt | $4.19M | -$8K | -$1.08M | -$444K | -$538 | $18.99M | $65.4M | $73.47M | $73.5M | $92.13M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 | 2018-06-30 | 2017-06-30 |
| Operating Activities | ||||||||||
| Net Income | $20.03M | $23.17M | $28.56M | $5.76M | -$33.31M | $36.39M | -$11.45M | $14.68M | $4.63M | $15.45M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $271K | $848K | -$742K | -$1.01M | -$383K | -$110K | $39K | -$413K | $151K | -$1.33M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$16K | -$90K | -$4K | -$42K | $106K | $67K | -$163K | -$997K | $1.99M | $242K |
| Other Working Capital | -$22K | -$309K | $61K | -$47K | $267K | -$66K | -$160K | $76K | -$75K | $260K |
| Total Working Capital Change | $234K | $511K | -$685K | -$1.1M | -$10K | -$109K | -$285K | -$1.33M | $2.06M | -$831K |
| Other Non-Cash Items | $10.16M | $1.49M | -$2.04M | $381K | -$35.64M | -$38.51M | $8.05M | $8.7M | $10.11M | -$8.42M |
| Net Cash from Operating | $30.43M | $25.17M | $25.84M | $5.05M | -$68.96M | -$2.23M | -$3.68M | $22.04M | $16.8M | $5.11M |
| Investing Activities | ||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$234.95M | -$276.44M | -$374.88M | -$220.78M | -$219.27M | -$148.98M | -$126.53M | -$72.43M | -$61.27M | -$335.61M |
| Sales of Investments | $220.14M | $261.42M | $383.19M | $191.54M | $148.68M | $147.24M | $112.07M | $77.21M | $65.96M | $74.27M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$14.81M | -$15.02M | $8.31M | -$29.25M | -$70.59M | -$1.74M | -$14.46M | $4.78M | $4.69M | -$261.33M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | $21M | $44.5M | $8M | - | -$2M | -$71.5M |
| Common Stock Issuance | $9.19M | $6.74M | $0 | $34M | $67.53M | $20.56M | $38.31M | $0 | $0 | $215.35M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$27.33M | -$27.48M | -$27.9M | -$32.75M | -$33.13M | -$27.92M | -$26.57M | -$22.01M | -$18.8M | -$10.09M |
| Other Financing Activities | $4K | -$4.19M | $0 | $0 | -$2.44M | -$2.54M | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$23.61M | -$26.19M | -$33.37M | -$4.23M | $66.96M | $4.14M | $3.75M | -$22.01M | -$16.8M | $276.76M |
| Forex Effect | $7.99M | $6.36M | -$140K | $29.25M | $70.59M | $1.74M | $14.46M | -$4.78M | $0 | $0 |
| Net Change in Cash | -$8K | -$1.02M | $637K | $820K | -$2M | $1.91M | $65K | $34K | $4.69M | $20.53M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $30.43M | $25.17M | $25.84M | $5.05M | -$68.96M | -$2.23M | -$3.68M | $22.04M | $16.8M | $5.11M |
| Capital Expenditure | $0 | $0 | $0 | $3 | $0 | $4 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $30.43M | $25.17M | $25.84M | $5.05M | -$68.96M | -$2.23M | -$3.68M | $22.04M | $16.8M | $5.11M |
| Cash at Beginning | $8K | $1.36M | $444K | $11K | $2.01M | $99K | $34K | $0 | $0 | $0 |
| Cash at End | $112 | $346K | $1.08M | $831K | $11K | $2.01M | $99K | $34K | $4.69M | $20.53M |