See more : Xi’an Global Printing Co., Ltd. (002799.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of Offerpad Solutions Inc. (OPAD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Offerpad Solutions Inc., a leading company in the Real Estate – Services industry within the Real Estate sector.
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Offerpad Solutions Inc. (OPAD)
About Offerpad Solutions Inc.
Offerpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company provides customer-centric experience, which enables them to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services. Offerpad Solutions Inc. was founded in 2015 and is headquartered in Chandler, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 1.31B | 3.95B | 2.07B | 1.06B | 1.08B | 855.96M |
| Cost of Revenue | 1.24B | 3.77B | 1.86B | 976.48M | 1.00B | 790.10M |
| Gross Profit | 70.18M | 182.42M | 207.82M | 87.78M | 74.39M | 65.86M |
| Gross Profit Ratio | 5.34% | 4.62% | 10.04% | 8.25% | 6.91% | 7.69% |
| Research & Development | 7.95M | 12.09M | 10.86M | 7.27M | 7.45M | 3.72M |
| General & Administrative | 50.09M | 58.72M | 30.32M | 17.48M | 15.11M | 11.55M |
| Selling & Marketing | 116.56M | 238.93M | 146.87M | 76.79M | 85.23M | 14.70M |
| SG&A | 166.65M | 297.65M | 177.19M | 94.27M | 100.34M | 76.25M |
| Other Expenses | 0.00 | 1.53M | 248.00K | 834.00K | 0.00 | 0.00 |
| Operating Expenses | 174.59M | 309.74M | 188.05M | 101.54M | 107.79M | 79.96M |
| Cost & Expenses | 1.42B | 4.08B | 2.05B | 1.08B | 1.11B | 870.06M |
| Interest Income | 0.00 | 45.99M | 15.85M | 10.03M | 18.30M | 18.33M |
| Interest Expense | 18.86M | 45.99M | 15.85M | 10.03M | 18.30M | 0.00 |
| Depreciation & Amortization | 728.00K | 1.02M | 523.00K | 434.00K | 377.00K | 192.00K |
| EBITDA | -97.47M | -101.24M | 23.00M | -12.49M | -33.02M | -13.91M |
| EBITDA Ratio | -7.42% | -3.16% | 0.99% | -1.17% | -3.07% | -1.63% |
| Operating Income | -104.41M | -127.32M | 19.77M | -13.76M | -33.40M | -14.10M |
| Operating Income Ratio | -7.94% | -3.22% | 0.95% | -1.29% | -3.10% | -1.65% |
| Total Other Income/Expenses | -12.64M | -20.94M | -13.14M | -9.20M | -18.30M | -18.33M |
| Income Before Tax | -117.06M | -148.25M | 6.63M | -22.96M | -51.70M | -32.43M |
| Income Before Tax Ratio | -8.91% | -3.75% | 0.32% | -2.16% | -4.81% | -3.79% |
| Income Tax Expense | 163.00K | 359.00K | 170.00K | 163.00K | 254.00K | 506.00K |
| Net Income | -117.22M | -148.61M | 6.46M | -23.12M | -51.95M | -32.94M |
| Net Income Ratio | -8.92% | -3.76% | 0.31% | -2.17% | -4.83% | -3.85% |
| EPS | -4.44 | -9.09 | 0.82 | -5.99 | -15.49 | -59.86 |
| EPS Diluted | -4.44 | -9.09 | 0.68 | -5.99 | -15.49 | -59.86 |
| Weighted Avg Shares Out | 26.39M | 16.34M | 7.90M | 3.86M | 3.35M | 550.28K |
| Weighted Avg Shares Out (Dil) | 26.39M | 16.34M | 9.55M | 3.86M | 3.35M | 550.28K |
Offerpad Reports Second Quarter 2022 Results
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Results – compared with the prior-year second quarter: Net...
Offerpad Helps Simplify the Home Mortgage Experience with New Mobile App
CHANDLER, Ariz.--(BUSINESS WIRE)--The new Offerpad Home Loans mobile app helps simplify the home loan process for buyers.
Offerpad Helps Simplify the Home Mortgage Experience with New Mobile App
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD), a leading tech-enabled platform for buying and selling residential real estate, today revealed a new mobile app that simplifies the home loan process to make it less time-consuming and overwhelming for borrowers. Digital tools designed...
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Offerpad to Release Second-Quarter 2022 Results on August 3rd
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD) (“Offerpad”), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarter financial results on Wednesday, August 3, 2022. The company also will host a conference call and accompanying...
Offerpad to Release Second-Quarter 2022 Results on August 3rd
CHANDLER, Ariz.--(BUSINESS WIRE)---- $OPAD #OPAD_IR--Offerpad to Announce Q2 Earnings
Offerpad to Release Second-Quarter 2022 Results on August 3rd
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD) (“Offerpad”), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarter financial results on Wednesday, August 3, 2022. The company also will host a conference call and accompanying...
Offerpad Expands Footprint in Colorado to Give Residents in Colorado Springs and Fort Collins More Real Estate Options
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad expands Colorado footprint with launch in Colorado Springs and Fort Collins
Offerpad Expands Footprint in Colorado to Give Residents in Colorado Springs and Fort Collins More Real Estate Options
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD), a leading tech-enabled platform for buying and selling residential real estate, today announced its expansion in Northern and Southern Colorado with the launch of its newest markets, Colorado Springs and Fort Collins. From competitive 24-hour...
Source: https://incomestatements.info
Category: Stock Reports