See more : Abdullah Al-Othaim Markets Company (4001.SR) 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 |
Which iBuyer Could Stage A Recovery In 2023, Opendoor Or Offerpad?
Opendoor and Offerpad are both down by around 93% year-to-date. Their disruptive home-buying model looks set to get discombobulated by the falling real estate prices next year.
Offerpad Among Top 100 Businesses Honored by Chandler Chamber of Commerce
CHANDLER, Ariz.--( BUSINESS WIRE )--Offerpad (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, today announced it has been selected as one of the Top 100 businesses in Chandler, Arizona, by the Chandler Chamber...
Offerpad Among Top 100 Businesses Honored by Chandler Chamber of Commerce
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, today announced it has been selected as one of the Top 100 businesses in Chandler, Arizona, by the Chandler Chamber of Commerce....
Offerpad Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced that it received notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section...
Offerpad Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule
CHANDLER, Ariz.--( BUSINESS WIRE )--Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced that it received notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance...
Offerpad Solutions Inc. (OPAD) Q3 2022 Earnings Call Transcript
Offerpad Solutions Inc. (NYSE:OPAD ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Stefanie Layton - Vice President-Investor Relations & ESG Brian Bair - Chairman & Chief Executive Officer Michael Burnett - Chief Financial Officer...
Offerpad Reports Third Quarter 2022 Results
CHANDLER, Ariz.
Offerpad Reports Third 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 third quarter ended September 30, 2022. Third Quarter 2022 Financial Results – compared with the prior-year third quarter: Revenue...
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Offerpad to Release Third-Quarter 2022 Results on November 2nd
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 third-quarter financial results on Wednesday, November 2, 2022. The company also will host a conference call and accompanying...
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