See more : SecuAvail Inc. (3042.T) 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 Third Quarter 2023 Results
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended September 30, 2023. “We are pleased that we met both top and bottom-line expectations in...
Offerpad Selects Anywhere℠ to Serve Sellers Beyond Current Market Reach
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate operating in 14 states and over 1,000 cities, has unveiled a nationwide collaboration with Anywhere Real Estate, Inc., a global leader in residential real...
Offerpad to Release Third-Quarter Results on November 1st
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release third-quarter financial results on Wednesday, November 1, 2023. The company also will host a conference call at 4:30...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Offerpad Solutions Inc. (NYSE: OPAD)
NEW YORK , Aug. 25, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Offerpad Solutions Inc. (NYSE: OPAD) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://zlk.com/compensation2/offerpad-solutions-inc-information-request-form or contact Joseph E.
Offerpad Announces Participation in Goldman Sachs Communacopia + Technology Conference
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 8:50 am PT on Wednesday, September 6, 2023 at...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Offerpad Solutions Inc. (NYSE: OPAD)
NEW YORK , Aug. 18, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Offerpad Solutions Inc. (NYSE: OPAD) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://zlk.com/compensation2/offerpad-solutions-inc-information-request-form or contact Joseph...
Offerpad Solutions Inc. (OPAD) Q2 2023 Earnings Call Transcript
Offerpad Solutions Inc. (NYSE:OPAD ) Q2 2023 Results Conference Call August 2, 2023 12:30 PM ET Company Participants Stefanie Layton - SVP, IR & ESG Brian Bair - Chairman, CEO Jawad Ahsan - CFO James Grout - SVP, Finance Conference...
Offerpad Solutions Inc. (OPAD) Reports Q2 Loss, Tops Revenue Estimates
Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $1.36. This compares to earnings of $0.60 per share a year ago.
Offerpad Reports Second Quarter 2023 Results
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended June 30, 2023. “We exceeded our financial expectations across the board,” said Brian Bair, Chairman...
Offerpad's Agent Partnership Program: 3 Years of 3% to Real Estate Agents
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, is celebrating the third anniversary of its Agent Partnership Program. Since 2020, Offerpad has provided real estate agents with an industry-high 3% referral fee...
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