Offerpad Solutions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	567.81	918.82	1,314	3,952	2,070
Revenue Growth (YoY)	-38.20%	-30.10%	-66.74%	90.89%	94.54%
Total Property Expenses	525.77	846.62	1,244	3,770	1,863
Gross Profit	42.04	72.2	70.18	182.42	207.82
Selling, General & Admin	75.43	118.24	174.59	309.74	188.05
Operating Income	-33.39	-46.04	-104.41	-127.32	19.77
Interest Expense	-13.4	-18.68	-18.86	-45.99	-15.85
Other Non-Operating Income (Expense)	0.85	2.6	6.22	25.05	2.71
Total Non-Operating Income (Expense)	-12.55	-16.09	-12.64	-20.94	-13.14
Pretax Income	-45.94	-62.13	-117.06	-148.25	6.63
Provision for Income Taxes	0.44	0.03	0.16	0.36	0.17
Net Income	-46.38	-62.16	-117.22	-148.61	6.46
Net Income to Common	-46.38	-62.16	-117.22	-148.61	6.46
Shares Outstanding (Basic)	31	27	26	16	8
Shares Outstanding (Diluted)	31	27	26	16	10
Shares Change (YoY)	13.05%	3.89%	61.45%	71.17%	147.51%
EPS (Basic)	-1.50	-2.27	-4.44	-9.09	0.82
EPS (Diluted)	-1.50	-2.27	-4.44	-9.09	0.68
Free Cash Flow	65.73	15.43	261.51	304.33	-935.61
Free Cash Flow Growth	326.13%	-94.10%	-14.07%	-	-
Free Cash Flow Per Share	2.12	0.56	9.91	18.62	-97.99
Gross Margin	7.40%	7.86%	5.34%	4.62%	10.04%
Operating Margin	-5.88%	-5.01%	-7.94%	-3.22%	0.95%
Profit Margin	-8.17%	-6.77%	-8.92%	-3.76%	0.31%
FCF Margin	11.58%	1.68%	19.90%	7.70%	-45.19%
EBITDA	-32.41	-45.43	-103.69	-126.3	20.29
EBITDA Margin	-5.71%	-4.94%	-7.89%	-3.20%	0.98%
EBIT	-33.39	-46.04	-104.41	-127.32	19.77
EBIT Margin	-5.88%	-5.01%	-7.94%	-3.22%	0.95%
Effective Tax Rate	-0.96%	-0.05%	-0.14%	-0.24%	2.56%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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