Offerpad Solutions Inc. (OPAD)

Offerpad Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	918.82	1,314	3,952	2,070	1,064
Revenue Growth (YoY)	-30.10%	-66.74%	90.89%	94.54%	-1.08%
Cost of Revenue	846.62	1,244	3,770	1,863	976.48
Gross Profit	72.2	70.18	182.42	207.82	87.78
Selling, General & Admin	113.71	166.65	297.65	177.19	94.27
Research & Development	4.52	7.95	12.09	10.86	7.27
Operating Expenses	118.24	174.59	309.74	188.05	101.54
Operating Income	-46.04	-104.41	-127.32	19.77	-13.76
Interest Expense	-18.68	-18.86	-45.99	-15.85	-10.03
Other Non Operating Income (Expenses)	2.7	6.29	25.05	2.47	0.83
EBT Excluding Unusual Items	-62.02	-116.98	-148.25	6.38	-22.96
Gain (Loss) on Sale of Assets	-0.11	-0.08	-	0.25	-
Pretax Income	-62.13	-117.06	-148.25	6.63	-22.96
Income Tax Expense	0.03	0.16	0.36	0.17	0.16
Net Income	-62.16	-117.22	-148.61	6.46	-23.12
Net Income to Common	-62.16	-117.22	-148.61	6.46	-23.12
Shares Outstanding (Basic)	27	26	16	8	4
Shares Outstanding (Diluted)	27	26	16	10	4
Shares Change (YoY)	3.89%	61.45%	71.17%	147.51%	0.03%
EPS (Basic)	-2.27	-4.44	-9.09	0.82	-5.99
EPS (Diluted)	-2.27	-4.44	-9.09	0.68	-6.00
Free Cash Flow	15.43	261.51	304.33	-935.61	152.01
Free Cash Flow Per Share	0.56	9.91	18.62	-97.99	39.40
Gross Margin	7.86%	5.34%	4.62%	10.04%	8.25%
Operating Margin	-5.01%	-7.94%	-3.22%	0.95%	-1.29%
Profit Margin	-6.77%	-8.92%	-3.76%	0.31%	-2.17%
Free Cash Flow Margin	1.68%	19.89%	7.70%	-45.19%	14.28%
EBITDA	-45.43	-103.69	-126.3	20.29	-13.32
EBITDA Margin	-4.94%	-7.89%	-3.19%	0.98%	-1.25%
D&A For EBITDA	0.61	0.73	1.02	0.52	0.43
EBIT	-46.04	-104.41	-127.32	19.77	-13.76
EBIT Margin	-5.01%	-7.94%	-3.22%	0.95%	-1.29%
Effective Tax Rate	-	-	-	2.56%	-
Advertising Expenses	12.1	30.9	46.5	45.3	11.5

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q