See more : JX Energy Ltd. (3395.HK) 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 First 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 March 31, 2023. “We are pleased to see the expected sequential improvement in our quarterly...
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Offerpad to Release First-Quarter Results on May 3rd
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 first-quarter financial results on Wednesday, May 3, 2023. The company also will host a conference call and accompanying...
Offerpad to Release First-Quarter Results on May 3rd
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad to release first-quarter financial results May 3, 2023.
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Offerpad to Present at Upcoming Investor 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 10:00 am PT on Monday, March 6, 2023 at...
Offerpad Solutions Inc. (OPAD) Q4 2022 Earnings Call Transcript
Offerpad Solutions Inc. (NYSE:OPAD ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Stefanie Layton - VP-IR and ESG Brian Bair - Chairman and CEO Michael Burnett - CFO Conference Call Participants Dae Lee -...
Source: https://incomestatements.info
Category: Stock Reports