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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 to Release Third-Quarter 2022 Results on November 2nd
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad to Release Third-Quarter 2022 Results on November 2nd
Love (or Loathe) Your Neighbor? Survey Uncovers Americans Have Deepened Neighbor Relationships, Yet 50% Would Encourage a Neighbor to Move if They Could
CHANDLER, Ariz.--(BUSINESS WIRE)--An August 2022 survey conducted by Offerpad1 (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, digs deeper into how neighbor sentiment has evolved—for better or worse—just in time for National Good...
Love (or Loathe) Your Neighbor? Survey Uncovers Americans Have Deepened Neighbor Relationships, Yet 50% Would Encourage a Neighbor to Move if They Could
CHANDLER, Ariz.--(BUSINESS WIRE)--An August 2022 survey conducted by Offerpad1 (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, digs deeper into how neighbor sentiment has evolved—for better or worse—just in time for National Good...
Could Opendoor and Offerpad Have 10X Potential?
The two real estate disruptors have been beaten down, but what about the future?
Offerpad Solves Literally (Almost) Everything in New Creative Campaign
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD) today unveiled its new marketing campaign, “Literally (Almost) Everything,” highlighting the company's expanded services that help make “real estat-ing” easier for everyone. The new creative approach spotlights Offerpad's distinct and lighthearted brand personality that sets...
Offerpad Solves Literally (Almost) Everything in New Creative Campaign
CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD) today unveiled its new marketing campaign, “Literally (Almost) Everything,” highlighting the company’s expanded services that help make “real estat-ing” easier for everyone. The new creative approach spotlights Offerpad’s distinct and lighthearted brand personality that sets...
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Offerpad Solutions, Inc. (OPAD) CEO Brian Bair on Q2 2022 Results - Earnings Call Transcript
Offerpad Solutions, Inc. (NYSE:OPAD ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Brian Bair - Chairman, CEO Michael Burnett - CFO Stefanie Layton - VP of IR, ESG Conference Call Participants Dae Lee -...
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...
Source: https://incomestatements.info
Category: Stock Reports