Offerpad Solutions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	1,314	3,952	2,070	1,064	1,076	855.96
Revenue Growth (YoY)	-66.74%	90.89%	94.54%	-1.08%	25.69%	-
Cost of Revenue	1,244	3,770	1,863	976.48	1,001	790.1
Gross Profit	70.18	182.42	207.82	87.78	74.39	65.86
Selling, General & Admin	166.65	297.65	177.19	94.27	100.34	76.25
Research & Development	7.95	12.09	10.86	7.27	7.45	3.72
Operating Expenses	174.59	309.74	188.05	101.54	107.79	79.96
Operating Income	-104.41	-127.32	19.77	-13.76	-33.4	-14.1
Interest Expense / Income	18.86	45.99	15.85	10.03	18.3	18.33
Other Expense / Income	-6.22	-25.05	-2.71	-0.83	-	-
Pretax Income	-117.06	-148.25	6.63	-22.96	-51.7	-32.43
Income Tax	0.16	0.36	0.17	0.16	0.25	0.51
Net Income	-117.22	-148.61	6.46	-23.12	-51.95	-32.94
Shares Outstanding (Basic)	26	16	8	4	4	1
Shares Outstanding (Diluted)	26	16	10	4	4	1
Shares Change	61.45%	71.17%	147.51%	0.03%	600.84%	-
EPS (Basic)	-4.44	-9.09	0.82	-6.00	-13.50	-59.85
EPS (Diluted)	-4.44	-9.09	0.68	-6.00	-13.50	-59.85
Free Cash Flow	261.51	304.33	-933.58	152.01	-109.95	-80.71
Free Cash Flow Per Share	9.91	18.62	-118.10	39.40	-28.51	-146.68
Gross Margin	5.34%	4.62%	10.04%	8.25%	6.91%	7.69%
Operating Margin	-7.94%	-3.22%	0.95%	-1.29%	-3.10%	-1.65%
Profit Margin	-8.92%	-3.76%	0.31%	-2.17%	-4.83%	-3.85%
Free Cash Flow Margin	19.90%	7.70%	-45.09%	14.28%	-10.22%	-9.43%
Effective Tax Rate	-	-	2.56%	-	-	-
EBITDA	-97.47	-101.24	23	-12.49	-33.02	-13.91
EBITDA Margin	-7.42%	-2.56%	1.11%	-1.17%	-3.07%	-1.63%
Depreciation & Amortization	0.73	1.02	0.52	0.43	0.38	0.19
EBIT	-98.2	-102.26	22.48	-12.92	-33.4	-14.1
EBIT Margin	-7.47%	-2.59%	1.09%	-1.21%	-3.10%	-1.65%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).